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13 stories mentioning KLSE:MAYBANKUpdated 2d ago

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Asia

Malaysian Blue-Chip Index Ends Week in Red on Unchanged Jobless Rate, Softer Retail Sales Growth

Malaysian shares closed slightly lower on Friday, with the FTSE Bursa Malaysia KLCI at 1,686.74 points, down 1.1% or by 18.78 points amid unchanged unemployment data and slower retail sales growth.Malaysia's unemployment rate was at 3% in July, unchanged for the fourth straight month, according to data from the Department of Statistics Malaysia (DOSM). The total number of unemployed persons edged up by 0.5% month over month to 520,300, while the number of employed persons grew by 0.1% to 17.37 million.Malaysia's retail sales increased 6.4% year over year in July, the DOSM said. The growth pace marked the softest in three months, easing from the 6.6% expansion in June. It missed Trading Economics' forecast of 7% growth.In corporate news, Malayan Banking (KLSE:MAYBANK) completed the acquisition of the remaining 30.95% stake in Maybank Ageas for 4.83 billion ringgit in cash.HE Group (KLSE:HEGROUP) unit Hexatech Engineering accepted a purchase order worth about 25 million ringgit for power distribution system works

FTSE Bursa Malaysia KLCIKLSE:HEGROUPKLSE:MAYBANK
Asia

Malayan Banking Closes 31% Stake in Maybank Ageas for MYR4.83 Billion

Malayan Banking (KLSE:MAYBANK) completed the acquisition of the remaining 30.95% stake in Maybank Ageas for 4.83 billion ringgit in cash, according to a Friday filing.

KLSE:MAYBANK
Treasury

Market Chatter: Malayan Banking Raises $700 Million Through Dollar Bonds

Malayan Banking (KLSE:MAYBANK) has raised around $700 million through a two-part sale of US dollar bonds, Reuters reported on Tuesday, quoting an updated term sheet.The Malaysian lender's offering includes $300 million of three-year floating-rate notes priced at 60 basis points above the Secured Overnight Financing Rate (SOFR). It also offered $400 million of five-year fixed-rate notes, priced at 55 basis points above the yield on the five-year US Treasury note, at a coupon of 5.088%, the report said.The three-year notes are scheduled to mature around Sept. 15, 2029, while the five-year notes will reach maturity around Sept. 15, 2031, according to the report.Malayan Banking did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:MAYBANK
Asia

Malayan Banking to Acquire 31% Stake in Maybank Ageas for MYR4.83 Billion

Malayan Banking (KLSE:MAYBANK) signed an unconditional share purchase deal to acquire the remaining 30.95% stake in Maybank Ageas from Ageas for 4.83 billion ringgit in cash.The acquisition, through wholly-owned unit Etiqa International, will make Maybank Ageas a Maybank subsidiary.The purchase will be funded entirely through Maybank's internally generated funds, with completion targeted for Sept. 11, 2026, it said.

KLSE:MAYBANK
Asia

Malayan Banking's Profit Rises in Q2

Malayan Banking (KLSE:MAYBANK) said its profit attributable to owners grew to 2.69 billion ringgit in the second quarter, from 2.63 billion ringgit a year earlier.Basic earnings per share went up to 0.2224 ringgit from 0.2175 ringgit a year ago, according to a Thursday Malaysian bourse filing.Revenue declined to 16.08 billion ringgit during the period from 17.08 billion ringgit a year ago, the Malaysian lender said.The company declared a single-tier second interim cash dividend of 0.31 ringgit per share, up from 0.30 ringgit per share a year earlier.Shares of the lender slipped over 1% in early afternoon trade Thursday.

KLSE:MAYBANK
Asia

Malaysian Shares Extend Four-Session Winning Streak

Malaysian shares ended in the green on Monday, extending gains of the previous three sessions. The index closed higher amid a mixed regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 0.83 points to end 0.3% higher at 1,725.73.In economic news, Malaysia's manufacturing activity maintained its expansion rate in July, with the headline S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI) unchanged at 50.7. A reading above 50 indicates an expansion in sector performance, while a figure below signals a contraction.The sustained momentum indicates that official data on GDP and manufacturing production will continue to show robust expansions moving into the third quarter, according to S&P.In corporate news, shares of Sunway Construction Group (KLSE:SUNCON) slid over 2% on close after its unit Sunway Construction secured a 1.02 billion ringgit contract from a U.S.-headquartered multinational technology company to carry out mechanical, electrical and plumbing fit-out works for a data center in Johor, Malaysia.Malayan Banking (KLSE:MAYBANK) agreed to acquire the remaining 30.95% stake in Maybank Ageas from Belgium-based joint venture partner Ageas for 4.83 billion ringgit. Shares closed flat on Monday.

FTSE Bursa Malaysia KLCIKLSE:MAYBANKKLSE:SUNCON
Asia

Malayan Banking Buys Remaining Stake in Maybank Ageas for MYR4.83 Billion

Malayan Banking (KLSE:MAYBANK) agreed to acquire the remaining 30.95% stake in Maybank Ageas from Belgium-based joint venture partner Ageas for 4.83 billion ringgit.Maybank said the acquisition is expected to strengthen its insurance and takaful business by deepening customer penetration, supporting regional expansion across Southeast Asia and improving capital management efficiency, according to a Monday press release.The bank expects the deal to be immediately accretive to profit attributable to shareholders, earnings per share and return on equity, while supporting sustainable long-term earnings growth.Maybank will fund the acquisition through a combination of internal and external sources.The deal, which values Maybank Ageas at a price-to-book multiple of 1.98 times, is subject to approval from Bank Negara Malaysia.

KLSE:MAYBANK
Research

Hong Leong Downgrades Malayan Banking to Hold from Buy; Price Target is MYR10.80

Malayan Banking (KLSE:MAYBANK) has an average rating of overweight and mean price target of 11.91 ringgit, according to analysts polled by FactSet.

KLSE:MAYBANK
Asia

Malaysian Shares End in Green Despite Downbeat Job Data

Malaysian shares extended gains to end in the green on Thursday, amid a mixed regional performance. The investor sentiment was positive despite a higher-than-expected unemployment rate in the country.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 0.57 points to end 0.03% higher at 1,679.53. The day range was between 1,674.65 and 1,680.53.In economic news, Malaysia's unemployment rate rose by to 3% in April from 2.9% in March, the Department of Statistics Malaysia said. The figure exceeded the 2.9% forecast by Trading Economics.In local news, Malaysia is looking for alternative crude oil sources as the war in Iran fuels a global energy supply squeeze, Reuters reported Wednesday, citing the country's economy minister. Any new imports, however, must be compatible with the country's refinery systems.Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board.In corporate news, Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported. The lender's shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:MAYBANK
Asia

Market Chatter: Maybank Rebuffs Bloomberg Report of Being Under Investigation in Indonesia

Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported Thursday.The bank said personnel at its Indonesian unit had been asked to provide information as witnesses to assist authorities in accordance with applicable laws, according to the news outlet.Maybank said it remains committed to governance, compliance and integrity standards, but declined to comment further because the matter is ongoing, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:MAYBANK
Asia

Market Chatter: Indonesia Investigates Malayan Banking on Financial Irregularities with Salim Group

Indonesian authorities on Wednesday questioned Malayan Banking's (KLSE:MAYBANK) staff over suspected financial irregularities with Salim Group's palm-oil-manufacturing subsidiary Salim Ivomas Pratama (IDX:SIMP), Bloomberg News reported Wednesday, citing people familiar with the matter.The bank is suspected of understating the actual amount of export inflows into the group, the report said.Authorities will investigate if some goods are invoiced below their ​market price to hide profits and lower ​taxes, the report said.Maybank Indonesia has relatively limited exposure to Salim Ivomas Pratama, with outstanding loans of about 150 billion rupiah, according to the report.However, the bank has a long banking relationship with the broader Salim Group. It remains unclear whether regulators have also questioned other banks associated with the group, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSEIDX:SIMPKLSE:MAYBANK
Asia

Market Chatter: Maybank Facilitates MYR20 Billion in Johor-Singapore Zone Financing

Malayan Banking Berhad (KLSE:MAYBANK) has facilitated about 20 billion ringgit in financing and investments linked to the Johor-Singapore Special Economic Zone over the past few years, Bloomberg reported Tuesday, citing an interview with Group Chief Executive Khairussaleh Ramli.The financing has spanned corporate, mid-sized business, and consumer banking segments, while the lender has also helped establish nine family offices in Johor, according to the report.Ramli said the special economic zone is expected to support further growth in investment and cross-border business activity between Malaysia and Singapore, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:MAYBANK
Asia

Malayan Banking Closes MYR1.2 Billion Islamic Debt Issue

Malayan Banking (KLSE:MAYBANK) completed the issuance of 1.2 billion ringgit worth of Subordinated Sukuk Murabahah under its sukuk program, according to a Wednesday Malaysian bourse filing.The issuance comprised three tranches with tenures of 10, 12, and 15 years, carrying initial profit rates of 3.78%, 3.87% and 3.95% per annum, respectively.The lender will use the proceeds to fund Shariah-compliant investments, support Islamic business activities of the bank's subsidiaries and overseas branches, as well as other Islamic financing activities.

KLSE:MAYBANK

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