Malayan Banking

MAYBANK

MYL1155OO000

Banks

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-29 EDT			5-day change	1st Jan Change
9.9 ^MYR	0.00%		-0.90%	+11.36%

05-27	Malayan Bank's Profit Rises in Q1	MT
05-24	Maybank's First-Quarter Profit Rose Amid Stronger Noninterest Income	DJ

Malayan Banking Berhad entered into a conditional share sale agreement to acquire remaining 20% stake in Maybank Asset Management Group Bhd. from Permodalan Nasional Berhad for MYR 70.4 million.

October 18, 2023

Malayan Banking Berhad (KLSE:MAYBANK) agreed to acquire remaining 20% stake in Maybank Asset Management Group Bhd. from Permodalan Nasional Berhad on November 30, 2022. Malayan Banking Berhad (KLSE:MAYBANK) entered into a conditional share sale agreement to acquire remaining 20% stake in Maybank Asset Management Group Bhd.

from Permodalan Nasional Berhad for MYR 70.4 million on October 19, 2023. The transaction is expected to complete by the 4th quarter of 2023 and is subject to approval from Securities Commission Malaysia and Monetary Authority of Singapore.

Latest news about Malayan Banking

Malayan Bank's Profit Rises in Q1	05-27	MT
Maybank's First-Quarter Profit Rose Amid Stronger Noninterest Income	05-24	DJ
Malayan Banking Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	05-24	CI
Maybank Files for Singapore Listing of $100 Million of Floating Rate Bonds Due 2029	04-19	MT
Malaysia's RHB Bank Boosts Sustainable Financing Target to More Than $10 Billion	04-18	DJ
Global stocks take breather under all-time highs	03-22	RE
Global stocks edge back down from latest all-time highs	03-22	RE
China gloom sucks life out of Asia's rate cut cheer	03-21	RE
Malayan Banking Berhad Announces Single-Tier Second Interim Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 26 March 2024	02-29	CI
Malayan Bank's Q4 Profit Rises as Revenue Jumps	02-29	MT
Malayan Banking Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	02-28	CI
Maybank's Fourth-Quarter Profit Rose on Higher Operating Income	02-28	DJ
Malayan Banking Berhad completed the acquisition of remaining 20% stake in Maybank Asset Management Group Bhd. from Permodalan Nasional Berhad.	02-22	CI
China's stocks rise for 6th session after big mortgage rate cut	02-20	RE
Maybank Group Announces Executive Changes, Effective March 1, 2024	02-19	CI
Malayan Banking Files for Singapore Listing of $100 Million Bonds Due 2029	01-31	MT
Malayan Banking Files for Singapore Listing of $100 Million Bonds Due 2029	01-29	MT
Malaysia set to appoint PNB chief to lead country's biggest pension fund - sources	01-25	RE
Malayan Banking Berhad Appoints Datuk Yee Yang Chien as Non Independent and Non Executive Member of Nomination and Remuneration Committee	01-23	CI
Malayan Bank Files for Singapore Listing of $39 Million Bonds Due 2029	01-22	MT
Malayan Banking Berhad Announces the Resignation of Dato' Zulkiflee Abbas Bin Abdul Hamid as Member of Risk Committee, Effective 1 January 2024	12-29	CI
Analabs Resources' Purchased Securities Amount Exceeds 5% of Consolidated Net Assets	12-27	MT
Malayan Bank Names CEO for Singapore	12-11	MT
Maybank Announces Executive Changes	12-08	CI
Malaysia's Maybank appoints Alvin Lee as new CEO for Singapore	12-07	RE

Chart Malayan Banking

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Company Profile

Malayan Banking Berhad is a Malaysia-based holding company, which is engaged in providing financial products and services. Its segment includes Group Community Financial Service, Group Global Banking, and Group Insurance and Takaful. The Group Community Financial Service segment includes Consumer Banking, which offers products and services offered to individuals, such as savings and fixed deposits; Small, Medium Enterprise (SME) Banking, which offers products and services, such as long-term loans such as project financing, short-term credit such as overdrafts and trade financing; Business Banking, which offers products and services, such as fee-based services such as cash management and custodian services. The Group Global Banking includes Group Corporate Banking and Global Markets, Group Investment Banking (Maybank IB and Maybank Kim Eng), and Group Asset Management. The Group Insurance and Takaful segment comprises underwriting all classes of general and life insurance business.

Sector

Banks

Calendar

2024-08-28 - Q2 2024 Earnings Release (Projected)

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Ratings for Malayan Banking

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.9 MYR

Average target price

9.879 MYR

Spread / Average Target

-0.21%

Consensus

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Other Banks

Malayan Banking

Equities

MAYBANK

MYL1155OO000

Banks

Malayan Banking Berhad entered into a conditional share sale agreement to acquire remaining 20% stake in Maybank Asset Management Group Bhd. from Permodalan Nasional Berhad for MYR 70.4 million.

EPS Revisions