Company Overview and News

KLCI off to muted start as key Maybank, CIMB drag

2018-10-16 theedgemarkets
KUALA LUMPUR (Oct 16): The FBM KLCI started off on a muted note this morning against teh backdrop of modest gains at regional markets, as key index-linked heavyweights dragged.
5183 MLYBY PECGF MLYNF BATS 4162 5246 7022 9059 CIMDF GBTKF 1155 1023

Will the yuan deteriorate past 7 per dollar? Don’t bet on it happening any time soon, survey shows

2018-10-15 scmp
China is unlikely to let the yuan weaken past the key psychological level of 7 per dollar any time soon, according to market observers.

Maybank to face challenging 2H, cautions Affin Hwang Capital

2018-10-15 theedgemarkets
KUALA LUMPUR (Oct 15): Malayan Banking Bhd is expected to face a challenging second half this year (2H18), given the risk of potentially higher levels of provisions, elevated funding costs and modest loan growth, according to Affin Hwang Capital Research.

KLCI rises 0.24% as blue chips lift

2018-10-15 theedgemarkets
KUALA LUMPUR (Oct 15): The FBM KLCI rose 0.24% at mid-morning today, defending its level above the 1,730-point level, lifted by gains at select blue chips.
HLFBF 7293 BRDBF MLYNF 7113 TPGVF 2089 5199 5210 3026 2836 HIPEF GEBHF HRGHY 5183 MLYBY PECGF UPBMF 1082 5681 5168 TGLVY 5436 5238 1155 0047

FBM KLCI up 22.25 points with US equity futures

2018-10-12 theedgemarkets
KUALA LUMPUR (Oct 12): The FBM KLCI closed 22.25 points or 1.3% higher on bargain hunting and as Asian stock markets tracked US equity futures' rise.

KLCI up 0.79% in technical rebound, Maybank and TNB lift

2018-10-12 theedgemarkets
KUALA LUMPUR (Oct 12): The FBM KLCI rose 0.79% in a technical rebound at the midday break today, snapping its seven-day losing streak, lifted by index heavyweights including Malayan Banking Bhd (Maybank) and Tenaga Nasional Bhd (TNB).
HLFBF MLYBY MLYNF 7036 1082 7006 5135 6033 5199 CIMDF 1155 KLKBY 1023 2445 PNADF 5347 TNABY 6888 0006 5819 AXXTF TNABF HIPEF PNAGF

KLCI stages technical rebound, reverses earlier loss

2018-10-12 theedgemarkets
KUALA LUMPUR (Oct 12): The FBM KLCI staged a technical rebound today to snap its losing streak and rose 0.54% at mid-morning, reversing its earlier loss, lifted by index heavyweights Malayan Banking Bhd (Maybank) and Tenaga Nasional Bhd.
MLYBY MLYNF UPBMF 7036 BATS 4162 3034 2089 5014 9334 5199 2852 1155 5347 3301 3867 TNABY MYPRY 2836 TNABF HIPEF GEBHF

Standard & Poor’s upbeat on Malaysia’s prospects

2018-10-09 malaymail
KUALA LUMPUR, Oct 9 — Standard & Poor’s Rating Services is upbeat of Malaysia’s prospects and a rating upgrade is possible if the country can improve total revenue to gross domestic product (GDP) ratio.

Maybank debtor Hyflux says in talks with potential investors

2018-10-05 theedgemarkets
SINGAPORE (Oct 5): Singapore water treatment firm Hyflux Ltd, which is undergoing a court-supervised reorganisation, said on Friday it was actively engaged in discussions with potential investors for its Tuaspring project or the rest of the group, or both.

Maybank gets nod for CFS business in S’pore

Maybank group president and CEO Datuk Abdul Farid Alias(pic) said the group has been operating in Singapore since 1960, beginning with retail banking, and has over the years transformed into a universal bank.

KLCI seen trending lower, immediate hurdle at 1,803

2018-10-04 theedgemarkets
KUALA LUMPUR (Oct 5): The FBM KLCI is seen trending lower today, tracking the weaker overnight close at most global markets, with immediate hurdle at 1,803.
1155 5139 MLYBY 7217 0900 MLYNF

Maybank, Aeon Credit, Nestle Malaysia, Press Metal Aluminium, Alcom, Eonmetall, FGV and DBE Gurney

2018-10-04 theedgemarkets
KUALA LUMPUR (Oct 4): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Oct 5) may include the following: Malayan Banking Bhd, Aeon Credit Service (M) Bhd, Nestle (Malaysia) Bhd, Press Metal Aluminium Holdings Bhd, Alcom Group Bhd, Eonmetall Group Bhd, FGV Holdings Bhd and DBE Gurney Resources Bhd.
1155 5139 MLYBY 7217 0900 8869 MLYNF NSLYF BSMAF 1818

Maybank gets MAS nod to incorporate CFS business in Singapore

2018-10-04 theedgemarkets
KUALA LUMPUR (Oct 4): Malayan Banking Bhd (Maybank) has obtained approval from the Monetary Authority of Singapore (MAS) to locally incorporate its Community Financial Services (CFS) business in Singapore.

Stocks to watch: Aspial, Serial System, Sembcorp, Stamford Land

Aspial: Aspial Corp is launching S$20.75 million in additional notes under its S$700 million multi-currency debt issuance programme at a coupon of 6.25 per cent following interest from its investors. The notes, which are due 2021, add to an earlier tranche of S$29.25 million in notes, taking the total under the Series 006 notes that will be issued to S$50 million. The Series 006 notes are expected to be issued on Oct 11, and will be used to finance the general funding requirements or investments of the group, for working capital and for capital expenditure.

Maybank Kim Eng, Maybank IB see new CEOs

2018-10-02 theedgemarkets
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has named Datin Ami Moris as the new chief executive officer (CEO) of its investment banking arm, Maybank Kim Eng Group (MKE).

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