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Malayan Banking Bhd (MBBM.KL)

MBBM.KL on Kuala Lumpur Stock Exchange

8.60MYR
24 Feb 2017
Change (% chg)

RM0.20 (+2.38%)
Prev Close
RM8.40
Open
RM8.46
Day's High
RM8.65
Day's Low
RM8.45
Volume
22,578,200
Avg. Vol
8,020,647
52-wk High
RM9.20
52-wk Low
RM7.50

Latest Key Developments (Source: Significant Developments)

Malayan Banking says qtrly net profit 2.36 bln rgt vs 1.65 bln rgt
Thursday, 23 Feb 2017 12:00am EST 

Malayan Banking Bhd : qtrly net profit 2.36 billion rgt . qtrly revenue 11.25 billion rgt . year ago, qtrly net profit 1.65 billion rgt, qtrly revenue 11.05 billion rgt . Qtrly net interest income 2.96 billion rgt versus 2.93 billion rgt . "group expects its financial performance for 2017 to be satisfactory given the persisting challenging global environment" . "group has set two headline key performance indicators (“KPI”) of return on equity (“ROE”) of 10%-11% and group loans growth of 6%-7%." . for Malaysia "OPR is also expected to remain unchanged at 3.00% in 2017 to support domestic demand" . for Malaysia "Maybank Malaysia's loans growth is expected to be slightly ahead of GDP growth in 2017" . Maybank group's home markets expected to do better in 2017 with Singapore to grow at 2.5%, Malaysia 4.4% & Indonesia to remain at 5.1% . as at 31 dec 2016 CET1 capital ratio 13.990 percent versus 12.780 percent as at 31 dec 2015 .board proposed final single-tier dividend in respect of current financial year ended 31 dec 2016 of 32 sen single-tier dividend.  Full Article

Malayan Banking's Indonesian unit enters deal to dipose interest in Wom Finance for 229.08 mln RGT
Thursday, 12 Jan 2017 12:22am EST 

Malayan Banking Bhd : Indonesian unit entered into shares purchase agreement with PT Reliance Capital Management on 11 Jan . Deal to dipose units's interest in Wom Finance to RCM for 229.08 million RGT .Deal not expected to have any material effect on EPS, net assets per share and gearing of maybank group for fy ending 31 December 2017.  Full Article

Malayan Banking establishes Sukuk Programme of up to 10 bln rgt
Wednesday, 14 Dec 2016 04:26am EST 

Malayan Banking Bhd :Establishment of Sukuk programme of up to 10 billion rgt in nominal value for issuance of Subordinated Sukuk and/or Senior Sukuk.  Full Article

Serrano updates on letters of demand from Maybank
Wednesday, 28 Sep 2016 11:23am EDT 

Serrano Ltd : Sorrento vietnam is currently in negotiations with a potential buyer in connection with property disposal . Unless maybank amounts due fully repaid within 10 days from 27 sept, maybank reserves their rights to take such legal action as appropriate . Group continues to be in discussions with sorrento vietnam and maybank on undertaking agreement, property disposal and maybank facilities . Received letter of demand from lawyers acting for maybank to inform that sorrento vietnam has defaulted in making payment of amounts due and owing to maybank . Lawyers acting for maybank have been instructed to demand that serrano holdings make payment of outstanding amounts of us$2 million and vnd32.4 billion in aggregate .In interim, group continues to be in discussions with sorrento vietnam and maybank on undertaking agreement.  Full Article

Malayan Banking Bhd posts qtrly net profit of 1.16 billion RGT
Thursday, 25 Aug 2016 12:45am EDT 

Malayan Banking Bhd : Qtrly net profit 1.16 billion rgt versus 1.58 billion rgt . Qtrly revenue 10.94 billion rgt versus 8.94 billion rgt . Proposed dividend 20.00 sen per share . Qtrly net earned insurance premiums 1.06 billion rgt versus 1.05 billion rgt . Co's "three home markets of Malaysia, Singapore and Indonesia, the expectation is that real GDP growth will undergo a more mixed trend" . "Expects its financial performance for 2016 to be satisfactory in a more challenging regional environment" . Group continues to monitor the impaired status of some loans with the intention of recognising some recoveries in 2h FY 2016 . Has set two headline key performance indicators ("KPI") of return on equity ("ROE") of 11%-12% and group loans growth of 8%-9%" .  Full Article

Malayan Banking Bhd appoints Dato' Amirul Feisal Bin Wan Zahir as CFO
Tuesday, 7 Jun 2016 05:23am EDT 

Malayan Banking Bhd : Dato' Amirul Feisal Bin Wan Zahir appointed as chief financial officer . Says redesignation of Dato' Mohamed Rafique Merican Bin Mohd Wahiduddin Merican as chief financial officer .  Full Article

Malayan Banking Bhd posts qtrly profit attributable 1.43 billion rgt
Friday, 27 May 2016 12:58am EDT 

Malayan Banking Bhd : Qtrly profit attributable 1.43 billion rgt versus 1.70 billion rgt . Qtrly revenue 11.18 billion rgt versus 9.18 billion rgt . No interim dividend has been recommended during the first quarter ended 31 March 2016 . "The real world gdp growth is forecast to remain at 3.1% in 2016" . Group's allowances for impairment losses on loans, advances, financing and other debts up by rm617.1 million to rm865.1 million for three-month ended 31 March 2016 . "group expects its financial performance for 2016 to be satisfactory in a more challenging regional environment" . Qtrly net interest income 2.90 billion rgt versus 2.60 billion rgt .  Full Article

Malayan Banking Bhd announces members' voluntary liquidation of Maysec (KL) Sdn Bhd
Sunday, 28 Jun 2015 08:00pm EDT 

Malayan Banking Bhd:Says dissolution of Maysec (KL) Sdn Bhd, wholly owned by Maysec Sdn Bhd, and its penultimate holding company is Maybank Investment Bank Berhad, which in turn is a wholly-owned subsidiary of Malayan Banking Bhd.Liquidation of Maysec (KL) was part of the corporate rationalization exercise at Maybank IB.Dissolution of Maysec (KL) will not have any material effect on the consolidated earnings or assets of Maybank for the year ending Dec. 31.  Full Article

Malayan Banking Bhd announces proposed disposal of the entire equity interest
Monday, 18 May 2015 07:53pm EDT 

Malayan Banking Bhd:Announces that Maybank, has on May 18 entered into a share sale agreement with Kina Ventures Limited and Kina Securities Limited, for the proposed disposal of Maybank’s entire equity interest in Maybank (PNG) Limited and Mayban Property (PNG) Limited to Kina Ventures.  Full Article

Malayan Banking Bhd declares final single-tier cash dividend
Sunday, 12 Apr 2015 08:00pm EDT 

Malayan Banking Bhd:Declares final single-tier cash dividend in respect of the financial year ended Dec. 31, 2014 of 0.33 ringgit per ordinary share of 1.00 ringgit each in Maybank.Payable on May 26.  Full Article

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UPDATE 1-Malaysia's Maybank Q4 profit rises 43 pct, beats estimates

* Expects to post loan growth of 6-7 percent in 2017 (Adds company comment, further earnings details, loan growth forecast)