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MAY BANK initiates GROWTH ERA tOday

 Post Reply 61-80 of 182
 
pharoah88     13-Oct-2010 18:41  
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Wed: 13 OCT 2010  CLOSING

 

Time Price Trade Size Bid-Ask
-- -- -- --
16:58:45 9.010 100 Bought From Seller
16:52:32 9.010 3,800 Bought From Seller
16:52:32 9.010 600 Bought From Seller
16:51:53 9.010 100 Bought From Seller
16:51:48 9.010 2,000 Bought From Seller
16:50:01 9.010 200 Bought From Seller
16:50:01 9.010 200 Bought From Seller
16:50:01 9.010 300 Bought From Seller
16:50:01 9.010 800 Bought From Seller
16:50:01 9.010 1,000 Bought From Seller
16:50:01 9.010 1,000 Bought From Seller
16:50:01 9.010 1,300 Bought From Seller
16:50:01 9.010 2,500 Bought From Seller
16:50:01 9.010 5,000 Bought From Seller
16:50:01 9.010 6,800 Bought From Seller
16:50:01 9.010 17,300 Bought From Seller
16:50:01 9.010 25,000 Bought From Seller
16:50:01 9.010 35,400 Bought From Seller
16:50:01 9.010 40,500 Bought From Seller
16:50:01 9.010 49,800 Bought From Seller
Page  :  1


 

16:50:01 9.010 63,300 Bought From Seller
16:50:01 9.010 100,000 Bought From Seller
16:50:01 9.010 200,000 Bought From Seller
16:44:59 9.010 60,000 Bought From Seller


16:37:52 9.010 122,500 Bought From Seller
16:37:52 9.010 10,000 Bought From Seller
16:37:52 9.010 3,000 Bought From Seller
16:37:52 9.010 100,000 Bought From Seller
16:37:52 9.010 100,000 Bought From Seller
16:37:52 9.010 50,000 Bought From Seller
 
 
pharoah88     13-Oct-2010 18:36  
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Wednesday:  13  OCTOBER  2010  CLOSING 

CoscoCorp F83 i -- SGD 1.900
+0.040 +2.2 27,361,000 755,000 1.900 1.910 2,730,000 1.870 1.860 1.910 1.870 C,M    
e Genting HK US$ S21 i -- USD 0.435
0.000 0.0 60,628,000 5,733,000 0.435 0.440 1,291,000 0.440 0.435 0.445 0.435   M    
GENTING BHD 3182 i -- MYR 10.460
-0.140 -1.3 8,708,200 1,000 10.420 10.460 112,000 10.580 10.600 10.660 10.400 --
GENTING MYS BHD 4715 i -- MYR 3.580
+0.030 +0.9 5,558,500 36,500 3.560 3.580 34,700 3.570 3.550 3.590 3.550 --
Genting SP G13 i -- SGD 2.120
+0.060 +2.9 114,552,000 1,588,000 2.110 2.120 7,695,000 2.090 2.060 2.120 2.080   M    
GentingSMBLeCW120402 J2UW i -- SGD 0.280
+0.020 +7.7 182,000 100,000 0.240 0.290 20,000 0.260 0.260 0.280 0.260   M    
GentingSMBLeCW130103 L2PW i -- SGD 0.210
+0.005 +2.4 464,000 100,000 0.190 0.215 12,000 0.205 0.205 0.210 0.205   M    
GentingSMBLeCW130104 L7KW i -- SGD 0.170
+0.010 +6.3 960,000 115,000 0.155 0.175 50,000 0.165 0.160 0.170 0.165   M    
GentingSMBLeCW130603 L0QW i -- SGD 0.285
+0.025 +9.6 10,000 20,000 0.280 0.710 10,000 0.285 0.260 0.285 0.285   M    
Healthway 5NG i -- SGD 0.175
+0.005 +2.9 4,177,000 14,121,000 0.170 0.175 3,512,000 0.170 0.170 0.175 0.170   M  
 
 
pharoah88     12-Oct-2010 19:14  
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Tue:  12 OCT 2010  CLOSING

 MAYBANK BHD (1155) 
Day Hi 9.010 Last 9.000 Vol 12,258,800
Day Lo 8.990 $Chng +0.010


Price Trades Volume Sold to Buyer Mid Bought from Seller
8.990 253 3,471,500 3,260,800 0 210,700
9.000 500 8,758,900 3,004,500 0 5,754,400
9.010 8 8,400 0 1,900 6,500
TOTAL 761 12,238,800 6,265,300 1,900 5,971,600
 

 
pharoah88     12-Oct-2010 19:12  
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Tue: 12 OCT 2010  CLOSING

16:50:04 9.000 85,700 Sold To Buyer
16:50:04 9.000 136,600 Sold To Buyer
16:50:04 9.000 250,000 Sold To Buyer


16:37:47 9.000 100,000 Bought From Seller
16:37:37 9.000 100,000 Bought From Seller
16:36:21 9.000 20,000 Bought From Seller
16:36:15 9.000 100,000 Bought From Seller
16:36:14 9.000 95,500 Bought From Seller


16:36:04 9.000 250,000 Bought From Seller


16:04:06 9.000 250,000 Bought From Seller


15:47:37 9.000 100,000 Bought From Seller
15:47:37 9.000 1,000 Bought From Seller
15:47:37 9.000 100,000 Bought From Seller
15:47:37 9.000 5,000 Bought From Seller
15:47:37 9.000 100,000 Bought From Seller


15:05:20 9.000 380,700 Sold To Buyer
15:05:20 9.000 119,300 Sold To Buyer


15:04:42 9.000 379,700 Sold To Buyer
15:04:42 9.000 120,300 Sold To Buyer
15:04:26 9.000 1,000 Sold To Buyer
15:04:14 9.000 50,000 Sold To Buyer
15:03:54 9.000 5,000 Sold To Buyer
15:03:52 9.000 32,800 Sold To Buyer
15:03:51 9.000 2,400 Bought From Seller
15:03:51 9.000 17,100 Bought From Seller
15:03:51 9.000 2,000 Bought From Seller
15:03:51 9.000 1,000 Bought From Seller
15:03:51 9.000 17,100 Bought From Seller
15:03:51 9.000 15,000 Bought From Seller
15:03:51 9.000 200,000 Bought From Seller


15:03:49 9.000 100,000 Bought From Seller
15:03:49 9.000 5,000 Bought From Seller
15:03:49 9.000 251,100 Bought From Seller
15:03:46 9.000 169,000 Bought From Seller
15:03:46 9.000 50,000 Bought From Seller


15:03:44 9.000 300,000 Bought From Seller
15:03:44 9.000 88,000 Bought From Seller
15:03:44 9.000 10,000 Bought From Seller
15:03:44 9.000 50,000 Bought From Seller
15:03:44 9.000 25,000 Bought From Seller
 
 
pharoah88     11-Oct-2010 18:39  
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Monday:  11  OCTOBER   2010  CLOSING

Time Price Trade Size Bid-Ask
-- -- -- --
16:57:27 8.990 1,000 Bought From Seller
16:51:46 8.990 50,000 Bought From Seller
16:51:45  8.990  450,000  Bought From Seller
16:51:45 8.990 50,000 Bought From Seller
16:50:02 8.990 1,800 Sold To Buyer
16:50:02 8.990 2,800 Sold To Buyer
16:50:02 8.990 4,200 Sold To Buyer
16:50:02 8.990 11,200 Sold To Buyer
16:50:02 8.990 15,900 Sold To Buyer
16:50:02 8.990 53,600 Sold To Buyer
16:50:02 8.990 91,200 Sold To Buyer
16:44:57 8.980 3,800 Sold To Buyer
16:44:57 8.980 3,600 Sold To Buyer
16:44:57 8.980 3,900 Sold To Buyer
16:44:57 8.980 50,000 Sold To Buyer
16:44:57 8.980 3,900 Sold To Buyer
16:44:57 8.980 50,000 Sold To Buyer
16:44:57 8.980 10,000 Sold To Buyer
16:44:57 8.980 20,000 Sold To Buyer
16:44:57 8.980 200 Sold To Buyer
Page  :  1 First Prev Next Last
 


 

14:42:38 8.990 292,000 Bought From Seller


14:40:52 8.990 115,900 Bought From Seller
14:40:50 8.990 100,000 Sold To Buyer


12:13:20 9.000 100,000 Bought From Seller


11:48:17 9.000 100,000 Bought From Seller


11:48:17 9.000 100,000 Bought From Seller
11:48:17 9.000 15,000 Bought From Seller
11:48:17 9.000 25,000 Bought From Seller
11:48:17 9.000 47,500 Bought From Seller
11:47:18 9.000 100,000 Bought From Seller
 
 
pharoah88     11-Oct-2010 18:31  
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Monday: 11 OCTOBER 2010  CLOSING

MAYBANK BHD (1155) 
Day Hi 9.040 Last 8.990 Vol 7,682,100
Day Lo 8.980 $Chng +0.010


Price Trades Volume Sold to Buyer Mid Bought from Seller
8.980 46 582,300 582,300 0 0
8.990 358 4,099,500 2,325,100 0 1,774,400
9.000 269 2,627,400 414,200 0 2,213,200
9.010 35 154,600 83,900 0 70,700
9.020 41 139,500 91,800 0 47,700
9.030 44 64,800 9,800 0 55,000
9.040 6 4,600 0 700 3,900
TOTAL 799 7,672,700 3,507,100 700 4,164,900
 

 
pharoah88     11-Oct-2010 18:29  
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Monday: 11 OCTOBER 2010  CLOSING

CoscoCorp F83 i -- SGD 1.900
+0.010 +0.5 40,772,000 886,000 1.900 1.910 808,000 1.910 1.890 1.940 1.900 C,M    
e Genting HK US$ S21 i -- USD 0.435
0.000 0.0 63,446,000 2,430,000 0.435 0.440 1,317,000 0.445 0.435 0.455 0.435   M    
GENTING BHD 3182 i -- MYR 10.520
+0.260 +2.5 5,365,500 6,000 10.520 10.540 17,500 10.400 10.260 10.560 10.400 --
GENTING MYS BHD 4715 i -- MYR 3.560
+0.010 +0.3 6,973,500 4,700 3.560 3.570 251,800 3.570 3.550 3.620 3.550 --
Genting SP G13 i -- SGD 2.020
+0.040 +2.0 106,794,000 1,677,000 2.010 2.020 1,253,000 2.010 1.980 2.050 2.000   M    
GentingSMBLeCW120402 J2UW i -- SGD 0.265
+0.015 +6.0 20,000 100,000 0.220 0.270 35,000 0.265 0.250 0.265 0.265   M    
GentingSMBLeCW130103 L2PW i -- SGD 0.190
 
 0.000 0.0 500,000 100,000 0.175 0.205 20,000 0.190 0.190 0.190 0.190   M    
GentingSMBLeCW130104 L7KW i -- SGD 0.155
+0.005 +3.3 85,000 100,000 0.150 0.160 30,000 0.155 0.150 0.155 0.155   M    
GentingSMBLeCW130603 L0QW i -- SGD 0.000
 
 0.000 0.0 0 100,000 0.235 0.290 10,000 0.000 0.270 0.000 0.000   M    
Healthway 5NG i -- SGD 0.175
+0.005 +2.9 2,724,000 13,842,000 0.170 0.175 3,343,000 0.170 0.170 0.175 0.170   M  
 
 
pharoah88     09-Oct-2010 16:08  
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Abu Dhabi to pour billions of dollars into Malaysia




Yvonne Tan
The Star
Publication Date : 09-10-2010




 

Billions of ringgit in investments are in the pipeline from Abu Dhabi, and are set to flow into two major projects in Kuala Lumpur and Sarawak.

The emirate’s investment unit, Mubadala Development Co, is teaming up with the Malaysian government-owned 1Malaysia Development Bhd to participate in property and aluminium ventures in the two areas.

At the signing of two agreements on Friday (Oct 8), Prime Minister Najib Tun Razak said the first would pave the way for Mubadala’s involvement in the Kuala Lumpur International Financial District (KLIFD) real estate development, which is estimated to cost more than 26 billion ringgit (US$8.3 billion).

In the second tie-up, Najib added, Mubadala, through Mubadala Industry, was looking to commit up to $7 billion in long-term projects in the Sarawak Corridor of Renewable Energy (SCORE).

“We are happy that 1MDB and Mubadala see each other as partners in driving strategic initiatives for the long-term sustainable economic development of their countries,” he said.

Mubadala Real Estate and Hospitality (MREH) has agreed to work with 1MDB to explore the potential joint development of key strategic projects within the 34ha KLIFD, near Jalan Tun Razak.

“The full scope of MREH’s participation in the projects to be located within the KLIFD will be finalised in 2011, following completion by 1MDB of the KLFID master plan,” Mubadala and 1MDB said in a joint press statement.

KLIFD will provide a state-of-the-art home for important banking and financial entities.

It is meant to further cement Malaysia’s position as a leader in global Islamic finance.

“The KLIFD is critical in the development of a globally competitive financial sector that will promote economic growth, attract foreign direct investment and create jobs,” Najib said.

“We will invite, encourage and persuade the local and international financial community to work with us, not only in shaping Kuala Lumpur as a global financial centre but also to benefit from what the KLIFD has to offer.”

Najib said the potential investment in SCORE, which is for the development of a major initiative in the aluminium sector based on hydro power, was expected to generate spillover economic activities in multiple sectors and create more than 10,000 jobs during construction and 2,000 specialist jobs.

Specific details of these projects, all of which would be led by 1MDB, would be available in due course, he added.

Mubadala and 1MDB said they were starting preliminary assessment work on the SCORE project.

In his speech, Mubadala chief executive officer and managing director Khaldoon Khalifa Al Mubarak said Abu Dhabi viewed Malaysia as an ideal investment platform linking the emirate to this region.

“The Abu Dhabi government is very optimistic about Malaysia’s prospects as an investment destination of choice,” said Khaldoon, who is also special envoy to the Crown Prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces.

At the same event, Najib, who is also chairman of the board of advisers of 1MDB, announced that 1MDB posted a net profit of 425 million ringgit ($136 million) for its first financial year ended March 31.
 
 
pharoah88     06-Oct-2010 18:48  
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Price Trades Volume Sold to Buyer Mid Bought from Seller
8.900 3 1,600 0 1,600 0
8.940 3 800 0 800 0
8.950 1 2,000 0 2,000 0
8.970 9 98,500 98,500 0 0
8.980 232 3,681,500 2,591,900 850,400 239,200
8.990 439 5,146,400 2,939,800 7,700 2,198,900
9.000 342 4,212,700 1,284,400 0 2,928,300
9.010 108 1,198,700 471,300 221,100 506,300
9.020 70 576,200 162,500 0 413,700
9.030 18 213,200 0 0 213,200
TOTAL 1,225 15,131,600 7,548,400 1,083,600 6,499,600
 
 
pharoah88     06-Oct-2010 18:47  
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WED: 6 OCT 2010  CLOSING

 

MAYBANK BHD (1155) 
Day Hi 9.030 Last 8.980 Vol 15,132,600
Day Lo 8.900 $Chng +0.040


 

Time Price Trade Size Bid-Ask
-- -- -- --
16:59:36 8.980 3,000 Bought From Seller
16:58:41 8.980 1,000 Bought From Seller
16:57:14 8.980 1,000 Bought From Seller
16:55:41 8.980 100 Sold To Buyer
16:55:41 8.980 33,000 Sold To Buyer
16:55:41 8.980 2,000 Sold To Buyer
16:54:36 8.980 48,000 Bought From Seller
16:54:18 8.980 2,000 Sold To Buyer
16:53:55 8.980 10,000 Sold To Buyer
16:53:41 8.980 5,000 Sold To Buyer
16:53:18 8.980 10,700 Bought From Seller
16:53:18 8.980 6,000 Bought From Seller
16:53:18 8.980 2,100 Bought From Seller
16:53:18 8.980 47,500 Bought From Seller
16:51:00 8.980 2,500 Sold To Buyer
16:50:02 8.980 100 X
16:50:02 8.980 200 X
16:50:02 8.980 600 X
16:50:02 8.980 900 X
16:50:02 8.980 1,000 X
 

 
pharoah88     05-Oct-2010 18:28  
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Tuesday: 5 OCT 2010  CLOSING

Stock Previous Last $Chng %Chng Day Hi Day Lo
STRAITS TIME IDX 3157.45 3162.36 +4.910 +0.2 3162.36 3136.37
MSCI SG FREE IDX 368.40 0.00 0.000 0.0 0.00 0.00
HANG SENG INDEX 22618.66 22639.14 +20.480 +0.1 22670.81 22504.05
MSCI HK IDX 11840.53 0.00 0.000 0.0 0.00 0.00
FTSE BURSA KLCI 1462.27 1472.19 +9.920 +0.7 1472.32 1466.93
PSEi 4188.31 4171.87 -16.440 -0.4 4199.57 4171.87
IDX COMPOSITE 3569.498 3591.695 +22.197 +0.6 3592.091 3553.087
THAILAND SET 964.22 969.28 +5.060 +0.5 969.28 952.99
ALL ORDINARIES 4678.356 4660.600 -17.756 -0.4 4672.300 4615.000
DJ INDU AVERAGE 10829.68 10751.27 -78.410 -0.7 10853.71 10711.12
KOSPI 1879.29 1878.94 -0.350 0.0 1885.00 1868.89
NASDAQ COMPOSITE 2344.52 0.00 0.000 0.0 0.00 0.00
NASDAQ 100 1975.33 0.00 0.000 0.0 0.00 0.00
NIKKEI 225 INDEX 9381.06 9518.76 +137.700 +1.5 9538.35 9332.19
S&P 500 INDEX 1146.24 1137.03 -9.210 -0.8 1147.98 1131.93
XETRA DAX PF 6134.21 6142.15 +7.940 +0.1 6161.48 6115.87
SSE COMPOSITE 2610.67800 2655.65770 +44.980 +1.7 2655.99930 2597.59670
FTSE 100 INDEX 5555.97 5572.77 +16.800 +0.3 5594.47 5550.57
SZSE COMP IDX 1149.687 1169.019 +19.332 +1.7 1169.019 1140.974
 
 
pharoah88     05-Oct-2010 18:16  
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Tuesday: 5 OCT 2010  CLOSING

MAYBANK BHD (1155) 
Day Hi 8.960 Last 8.940 Vol 8,413,700
Day Lo 8.880 $Chng +0.040


Price Trades Volume Sold to Buyer Mid Bought from Seller
8.880 3 2,200 2,200 0 0
8.890 4 15,000 15,000 0 0
8.900 110 1,232,200 889,400 0 342,800
8.910 68 325,900 126,300 1,600 198,000
8.920 155 1,407,000 967,000 1,200 438,800
8.930 163 1,616,300 302,300 0 1,314,000
8.940 160 2,125,700 1,022,800 332,500 770,400
8.950 135 1,685,300 307,900 0 1,377,400
8.960 4 4,100 0 0 4,100
TOTAL 802 8,413,700 3,632,900 335,300 4,445,500
 
 
pharoah88     05-Oct-2010 18:14  
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Tuesday:  5 OCTOBER 2010  CLOSING

Time Price Trade Size Bid-Ask
-- -- -- --
16:58:11 8.940 1,500 Sold To Buyer
16:55:35 8.940 100 Sold To Buyer
16:54:12 8.940 500 Sold To Buyer
16:53:24 8.940 200 Sold To Buyer
16:52:42 8.940 25,000 Sold To Buyer
16:52:14 8.940 100,000 Sold To Buyer
16:51:15 8.940 19,000 Sold To Buyer
16:50:03 8.940 400 X
16:50:03 8.940 800 X
16:50:03 8.940 1,400 X
16:50:03 8.940 3,000 X
16:50:03 8.940 3,900 X
16:50:03 8.940 8,600 X
16:50:03 8.940 10,000 X
16:50:03 8.940 17,000 X
16:50:03 8.940 17,700 X
16:50:03 8.940 67,300 X
16:50:03 8.940 202,400 X
16:44:10 8.940 1,000 Sold To Buyer
16:42:52 8.940 11,400 Sold To Buyer
Page  :  1 First Prev Next Last
 
 
 
 
pharoah88     04-Oct-2010 20:11  
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Monday: 4 OCT 2010  CLOSING

MAYBANK BHD (1155) 
Day Hi 8.920 Last 8.900 Vol 7,571,600
Day Lo 8.860 $Chng +0.090


Price Trades Volume Sold to Buyer Mid Bought from Seller
8.860 8 11,400 7,400 0 4,000
8.870 5 25,300 10,300 0 15,000
8.880 53 509,600 428,800 0 80,800
8.890 69 722,500 541,600 25,600 155,300
8.900 336 4,187,600 2,798,900 648,100 740,600
8.910 228 1,610,100 274,000 40,600 1,295,500
8.920 32 227,400 0 29,100 198,300
TOTAL 731 7,293,900 4,061,000 743,400 2,489,500
 
 
pharoah88     04-Oct-2010 20:08  
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Monday: 4 OCT 2010  CLOSING

Time Price Trade Size Bid-Ask
-- -- -- --
16:59:13 8.900 5,000 Sold To Buyer
16:57:15 8.900 1,000 Sold To Buyer
16:56:39 8.900 2,000 Sold To Buyer
16:56:02 8.900 5,000 Sold To Buyer
16:54:39 8.900 10,000 Sold To Buyer
16:54:38 8.900 4,600 Sold To Buyer
16:54:38 8.900 900 Sold To Buyer
16:54:38 8.900 44,500 Sold To Buyer
16:53:38 8.900 3,000 Sold To Buyer
16:53:36 8.900 1,500 Sold To Buyer
16:52:20 8.900 1,000 Sold To Buyer
16:52:12 8.900 50,000 Sold To Buyer
16:51:45 8.900 100,000 Sold To Buyer
16:51:15 8.900 100 Sold To Buyer
16:51:15 8.900 297,900 Sold To Buyer
16:50:54 8.900 202,100 Sold To Buyer
16:50:54 8.900 172,300 Sold To Buyer
16:50:54 8.900 1,000 Sold To Buyer
16:50:04 8.900 200 X
16:50:04 8.900 200 X
Page  :  1 First Prev Next Last
 
 
 

 
pharoah88     01-Oct-2010 15:21  
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The 2011 Budget,

which will be tabled on Oct 15, will set the pace to

transform Malaysia into a developed and high-income economy

 



 

Regards

 

Rohizal Moktar

 

RHBuBank SHARE TRADING

 

TAMAN SENTOSA

 

T-07-3344760

 

F-07-3344854

 

M-012-7701202

 

http://twitter.com/rhbinvest

 

http://www.rhbinvest.com

 

 
 
pharoah88     01-Oct-2010 14:52  
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Malaysian  Sector  Call

 

Malaysian  Banks:

¨       Aug ‘10 system data – Monthly applications at another high and broad-base.

¨       No change to our Overweight rating on the sector.

 
 
pharoah88     28-Sep-2010 15:49  
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♦

According to management, Maybank was allowed to declare a higher dividend payout this year (FY10: 76.5% vs. FY09: 61.4%, based on reported net profit) given its DRP that it has in place.

Specifically, the discount (of up to 10% to the volume weighted average market price) for the new shares could make it more attractive for shareholders to opt for the reinvestment plan, mitigating the impact of the higher payout on shareholders’ equity.

As mentioned previously, we think shareholders’ decision on whether to elect for the DRP would depend on their view on Maybank’s share price outlook as well as the discount to VWAMP.

Assuming current market conditions hold, a higher discount would increase the attractiveness of the DRP as compared to the net DPS of 30 sen (electable portion), if shareholders opt to receive cash.

Assuming the entire electable portion of the dividend is converted into shares, we estimate this could enlarge Maybank’s share capital base by 4%.DRP.

 
 
pharoah88     28-Sep-2010 15:44  
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♦ 4QFY06/10 results within expectations ... Maybank’s 4Q results were within our (upper-end) and consensus estimates with FY10 net profit of RM3.8bn (+75% yoy, core basis) accounting for 105% of our and 102.5% of consensus full-year forecasts. Note that Maybank made some preemptive provisioning in the tune of RM334m during the quarter, excluding which, the results would have been even stronger.

♦ … with net profit down 11% qoq but up 49% yoy (core basis).

QoQ, net profit fell 11% due to lower non-interest income (-9.6% qoq due to lumpy items recognised in 3Q10) and higher LLP (+44.4% qoq due to pre-emptive provisioning), cushioned by stronger net interest income (+7% qoq). YoY, net profit surged 49% (based on core profits) thanks mainly to lower LLP (-60.2% yoy). This was despite the pre-emptive provisioning, which was offset by higher recoveries and lower provision for other debts.

♦

Loan growth picked up momentum with qoq and yoy growth of 4.4% and 10.3% respectively (3Q10: 0.7% qoq; 5.9% yoy).

♦

Gross and net NPL as well as LLC ratios improved (see Table 4).

♦

Maybank declared a higher-than-expected final gross DPS of 44 sen (4QFY09: 8 sen gross), as compared to our expected gross DPS of 18 sen. This comprises an electable portion of 40 sen (gross), which can be elected to be reinvested in new Maybank shares. For the full-year, total gross DPS was 55 sen (FY09: 8 sen), which translates to a net payout ratio of 76.5%.

♦

We have fine-tuned and updated our FY11-12 earnings forecasts post the full-year results. We introduce our FY13 numbers.

♦

Our fair value has been raised by 2% to RM9.86 based on unchanged 15x (benchmark) CY11 EPS. In our view, valuations remain decent with strong organic growth expected from the domestic operations as well as BII. Hence, the negative impact from the expensive acquisitions (of BII and MCB) would be more than nullified with FY11 EPS expected to exceed pre-acquisition levels. Maintain Outperform.Investment case. Forecasts. Dividend. Asset quality improved.

Domestically, gross loans expanded by 4.2% qoq (+11% yoy) mainly due to an expansion in corporate loans while overseas loans grew by 4.8% qoq (+8.8% yoy), largely driven by strong growth over at BII (+16.5% qoq; +37.7% yoy). Unadjusted NIM expanded by 16bps qoq (+14bps yoy) while credit cost was roughly stable qoq at 11bps (3Q10: 10bps; 4Q09: 22bps). CIR was also broadly stable qoq at 49.7% (3Q10: 49.1%) but higher as compared to 47.8% in 4Q09.Results highlights.

 
 
pharoah88     28-Sep-2010 13:09  
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Dividend History



 

Maybank has a long-term dividend policy of a 40-60% dividend payout ratio based on reported net profit attributable to shareholders.


For the past financial year, the share paid a final gross dividend of 8 sen (6 sen net) per share. This translates to a payout ratio of 61%. Maybank has managed to adhere to its dividend policy even through difficult economic times.

 
 
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