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Malayan Banking Bhd (MBBM.KL)

MBBM.KL on Kuala Lumpur Stock Exchange

9.42MYR
17 Oct 2017
Change (% chg)

RM-0.04 (-0.42%)
Prev Close
RM9.46
Open
RM9.42
Day's High
RM9.48
Day's Low
RM9.42
Volume
6,745,100
Avg. Vol
11,241,053
52-wk High
RM9.86
52-wk Low
RM7.59

Latest Key Developments (Source: Significant Developments)

Malayan Banking posts qtrly net profit attributable of 1.66 bln rgt
Wednesday, 30 Aug 2017 01:05am EDT 

Aug 30 (Reuters) - Malayan Banking Bhd :Qtrly net interest income 3.04 billion rgt versus 2.76 billion rgt.Qtrly net profit attributable 1.66 billion rgt versus 1.16 billion rgt.Ratio of net impaired loans as at 30 June 2017 1.82 percent.CET1 capital ratio of bank as at 30 June 2017 14.735 percent .Group expects its financial performance for 2017 to be satisfactory given the ongoing challenging global environment.Maybank group's home markets are expected to perform better in 2017.Maybank Malaysia's loan growth is expected to be in-line with industry growth.Key performance indicator for return on equity is 10 pct-11 pct and loans growth for the group is expected to be in line with the industry.Malayan banking-bank has proposed a single-tier interim dividend of 23 sen.  Full Article

Malayan Banking says qtrly net profit attributable 1.70 bln rgt vs 1.43 bln rgt
Thursday, 25 May 2017 12:52am EDT 

May 25 (Reuters) - Malayan Banking Bhd -:Qtrly net profit attributable 1.70 billion rgt.Qtrly revenue 11.28 billion rgt.Qtrly net interest income 3.03 billion rgt versus 2.88 billion rgt.As at march 31, 2017, cet1 capital ratio 13.375 percent."group expects its financial performance for 2017 to be satisfactory given the ongoing challenging global environment"."group has set two headline key performance indicators of return on equity of 10%-11% and group loans growth of 6%-7%".Year ago qtrly revenue 11.18 billion rgt; year ago qtrly net profit attributable 1.43 billion rgt.  Full Article

Malayan Banking terminates disposal of Maybank Indonesia’s interest in WOM Finance
Thursday, 4 May 2017 05:28am EDT 

May 4 (Reuters) - Malayan Banking Bhd :Refers to proposed disposal of Maybank Indonesia's entire equity interest of 68.55 pct in WOM Finance to PT Reliance Capital Management.Proposed disposal has been terminated as of 3 May 2017.Proposed disposal and its termination are not expected to have any material effect on group for FY ending 31 December 2017.  Full Article

Sumatec Resources updates on Maybank's claim on default of associate co's term loan
Monday, 6 Mar 2017 04:42am EST 

Malayan Banking Bhd : Refers to Maybank's claim that Semua Shipping had defaulted on the term loan granted by Maybank . Total amount demanded of 121.4 million RGT will not impact sumatec group; if 6 vessels owned by SSSB are sold, financial impact will be minimal .There will be no material operational impact to Sumatec Group as the amount demanded is not related to the core business.  Full Article

Malayan Banking Chairman Megat Zaharuddin Bin Megat Mohd to step down
Thursday, 2 Mar 2017 12:25am EST 

Malayan Banking Bhd : Tan Sri Dato' Megat Zaharuddin Bin Megat Mohd nor will step down as chairman with effect from 31 March 2017 .Mohaiyani Binti Shamsudin shall assume the chairmanship of the Maybank board.  Full Article

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

UPDATE 2-Malaysia's Maybank reports surprise increase in profitability

* Expects "satisfactory" 2017 earnings (Adds comments from CEO and CFO, further earnings details, PNB's Islamic finance suggestion)