【MAYBANK 1155 交流专区】马银行

湖俊

fibonacci retracement:
8.42
8.00
7.50
7.30

够勇就排7.50

东风不破

原帖由 湖俊 于 6-5-2008 02:58 AM 发表
fibonacci retracement:
8.42
8.00
7.50
7.30

够勇就排7.50

够勇就排7.00

hello_hello92

- 经济新闻 -   
  


MCB银行简介 2008/05/05 17:47:50
●南洋商报


在巴基斯坦的商业银行居领先地位，拥有41亿美元（约129亿5千600万令吉）的市值。


以67亿美元（约211亿7千200万令吉）的资产计算，是巴基斯坦第四大银行，拥有8％市占率，超过400万名客户。

全国拥有1千零26家分行，包括8家回教银行分行及超过300台自动提款机。

是巴基斯坦最赚钱的银行，股本及资产回酬达38％，净利息收益率为8.08％。

共有87.7％的总贷款，包括来往及储蓄户口。

hello_hello92

带动贷款业务·加强拓展计划 分析员看好马银行前景 2008/05/05 17:47:44
●南洋商报


（吉隆坡5日讯）分析员对马银行（Maybank，1155，主板金融股）购入巴基斯坦MCB银行的计划表示看好，认为该行能因此涉足当地庞大的市场，带动贷款业务，并加强区域市场的拓展计划。


联昌国际投资研究分析员说，他们对这项计划不感惊讶，该行早就表达对收购巴基斯坦、印尼及泰国银行充满兴趣，此宣布乃是预料中事。

分析员说：“收购MCB银行让马银行能进入巴基斯坦市场，他的人口是大马的6倍。况且，我们相信当地的消费者及中小型企业贷款业务，仍有供应不足的问题。”

“这为马银行房屋抵押、汽车融资、个人贷款、贸易金融及其他中小型企业贷款，提供充足的发展机会。”

除马银行外，各国金融界巨擘都对巴基斯坦的银行市场充满兴趣。其中包括渣打银行、荷兰银行、日本野村控股公司等。

该国央行总裁山沙阿科达也曾透露，金融领域正经历“不凡的增长”，资产已增加大约5千750亿令吉。

虽然这项计划备受看好，但出价仍然是关键。

根据今天马银行公布的资料，此收购活动涉及20％的股权买卖，并将分两次进行，总值约为9亿3千300万美元（29亿4千800万令吉），这符合联昌国际投资研究28亿4千万令吉至33亿1千万令吉的预测。

分析员说：“虽然此收购的价钱显得昂贵，但MCB银行30％的股本回酬，以及巴基斯坦的强劲发展，仍物有所值。”

分析员还说，相信马银行印尼国际银行（BII）及越南An Binh银行的收购活动，将耗尽马银行20亿令吉的额外资金。因此，不排除公司透过配售股权给外国策略伙伴，进行外部融资。”

联昌国际投资研究给予马银行“超越大市”的评级，目标价格为10.10令吉，并指出脱售呆帐的所得、海外业务的贡献提高、2009年11.6倍的本益比（此本益比低于15倍的5年平均本益比），都是该股的催化剂。

hello_hello92

- 经济新闻 -   
  


马银行增强资本实力 6月推出新方案 2008/05/05 17:47:39
●南洋商报


（吉隆坡5日讯）马银行（Maybank，1155，主板金融股）预计于2008年6月推出资本方案，筹资以增强该银行的资本实力。


阿都华希指出，该公司在宣布了3项总值约115以令吉收购活动后，该公司将会推出一项效益最大的计划，目前还在商讨中。

他透露，马银行将通过不同的方式集资，无论如何，没有透露详情。

另外，询及该公司的派息政策会否受到影响？

阿都华希说，该公司希望维持长期60%股息派发率。

但是，在不同的时间内，该些资金也必须供银行的投资活动使用，因此，该银行目前的焦点是增强资本实力。

马银行在2个月内，针对上述问题做出回应。

此外，针对完成了3项收购活动后，马银行是否还有后续收购活动？

他披露，该公司主要会专注于执行之前宣布的3项收购活动。

无论如何，该银行可能会进行1至2个规模较小的收购活动，其中泰国的银行是不错的选择，因为有庞大的市场潜能。

“但是，我们不急于进行这些收购活动，这些收购活动不会在未来数个月内进行。”

stereo

阿都华希说，该公司希望维持长期60%股息派发率。
这样讲法到最后的结果是：希望 ＝ 没希望

stereo

原帖由 湖俊 于 6-5-2008 02:58 AM 发表
fibonacci retracement:
8.42
8.00
7.50
7.30

够勇就排7.50

7.50 很快就有得分了，
跑得快好世界

renwee510

如果跌破7.50的话，7块钱应该有看头

西甲霸王

老虎变病虎

stereo

原帖由 西甲霸王 于 6-5-2008 09:12 AM 发表
老虎变病虎

是病猫才对

西甲霸王

真的庆幸早卖了老虎，本来还担心会错过它的涨潮，时时刻刻在盯着它的股价。想趁低吸购的，现在看来这是无底洞呀，也终于明白为何之前那么多票丢出来了。。。。我们散户真可悲啊，什么事都是最后才知道。。。

Mr.Business

新闻。

Tuesday May 6, 2008
Can Wahid take Maybank to new heights?
Comment by YAP LENG KUEN

In a fast moving environment, what does Maybank have to offer to justify itself as a leader? Datuk Seri Abdul Wahid Omar has barely stepped in as president and CEO and Maybank has already acquired three banks. Industry experts and rivals are now waiting with bated breath to see what new manoeuvres are in store.

IMAGINE a conversation between Datuk Seri Abdul Wahid Omar, newly-appointed president and CEO of Malayan Banking Bhd (Maybank), and Datuk Nazir Razak, group chief executive of Bumiputra-Commerce Holdings Bhd (BCHB).

The fast-moving Nazir would have mentioned to Wahid that Maybank, being so large and so successful, would be harder to move than CIMB Bank, the banking arm of BCHB. CIMB Bank has literally come up from “ground zero” although it belongs to a group with a strong investment bank.

Wahid, cool as ever, would have probably smiled and thought: “Just watch me.”

Within 1½ months, Maybank has acquired three banks although, on an official basis, Wahid stepped in just a few days ago. Execution of the deals now sits squarely on his shoulders and the first deal with Bank Internasional Indonesia had met the wrath of investors who deemed it too expensive.

People at Maybank worked through the weekend to prepare for yesterday’s press conference. Wahid is himself said to be working late into the night, having sent e-mail to staff to greet them on his first day of work.

He is also said to be moving fast. Some reportedly “got a shock” at the pace. In line with his mandate to re-invent and re-energise the bank, more shocks could be in the offing.

In just days, he has been noticed as being thorough, asking a lot of questions. Prudence seems to be among his top priorities. At one moment during yesterday’s press conference, he even sounded like former president/CEO Datuk Amirsham A. Aziz when he kept talking about Tier 1 capital and capital ratios!

Not to be left behind, Nazir also announced his plan to set up more representative offices in the region. This may not be much at the moment but it is a stepping stone to bigger ambitions, for example, in Shanghai.

It is a sign of the times. Banks, in a liberalised environment, are going on a regional expansion spree. Besides that, industry watchers are also agog at how Wahid and Nazir, both in their mid-40s, are challenging each other to stay ahead.

Can Wahid give Nazir a run for his money? Probably. By taking over the largest bank in the country, Wahid has to, first of all, prove his mettle. In the near future, people will be watching for bold and right steps that would revitalise the giant banking group. His resolve in dealing with staff and directors remains to be tested.

All eyes will be on what he did previously as CEO of Telekom Malaysia Bhd where he was faced with legacy infrastructure and cultural issues. He had changed senior management and made tough decisions such as embarking on a voluntary separation scheme to eke out some growth and dynamism at the lumbering giant.

“Ultimately, it is returns to shareholders,” Wahid said yesterday. “We are keen to expand but we must never lose our focus on domestic operations. Top on my agenda is to further strengthen our domestic base.”

He sees similarities in banking and the telecoms industry. It is the focus on customers and responding to their ever-changing needs.

Service quality is probably one of the first things Wahid will enhance. People walking into the refurbished CIMB Bank outlets tell of faster service.

Maybank has invested heavily in automation. Its online banking at Maybank2U is vibrant and popular. As a further improvement, people may expect swifter service at physical locations.

Fundamentally, Maybank is doing well but to change direction still takes time. CIMB hogs the limelight for being able to effect changes fast but the man who has been able to steer his bank in the right direction and speed appears to be Tan Sri Teh Hong Piow of Public Bank Bhd.

In terms of market capitalisation, Public Bank is already top and that speaks volumes for his work. To make the Maybank stock more appealing, Wahid certainly has a big task ahead.

http://biz.thestar.com.my/news/s ... 38&sec=business

Mr.Business

新闻。

Tuesday May 6, 2008
More regional M&As may be in store
News analysis
By ELAINE ANG

MALAYAN Banking Bhd's (Maybank) spate of bank acquisitions recently could help spur more regional merger and acquisition (M&A) activities among domestic industry players.

Bumiputra-Commerce Holdings Bhd (BCHB) is said to be eyeing Thailand, Vietnam and India to expand further regionally while RHB Capital Bhd has also stated its intentions to go regional.

There could even be another acquisition in the pipeline for Maybank especially in Thailand.

“It is possible that the bigger players will move more quickly now if they are looking for acquisitions in the Asian region as valuations are not cheap. There are also fewer banks left to acquire.

“However, our banks could also be thinking twice before rushing into any acquisitions if valuations are high especially after the negative feedback Maybank received,” an analyst said.

The local banking industry, especially the bigger boys, has always set its sights on expanding regionally and things seem to have heated up.

“It looks like the foreign flavour is the 'in' thing for the banking industry now,” another analyst said.

Barely five months into the year, Maybank has announced the acquisition of stakes in three banks – An Binh Bank in Vietnam, PT Bank Internasional Indonesia and MCB Bank Ltd in Pakistan.

BCHB has also been pretty active in the M&A scene this year with the announcement that it would acquire a 19.99% stake in China's Bank of Yingkou in March.

Other players such as AMMB Holdings Bhd, Affin Holdings Bhd and Alliance Financial Group Bhd have also struck up strategic alliances with foreign players.

However, despite their aggressive ventures overseas, the domestic market remains the bread and butter for Malaysian banks.

For financial year 2007, overseas operations accounted for only 14.7% of Maybank's pre-tax profit (22% if the recent acquisitions are taken into consideration), 19% for BCHB and 14.5% for Public Bank Bhd (PBB).

Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar has said the group planned to revitalise its Malaysian franchise going forward thus attesting to the importance of the domestic market to the group.

A banking analyst said it is possible for banks to still do well in the domestic market as long as they are run efficiently and effectively, provide great service and customise their products according to consumer needs.

“This is what PBB has been doing.

“The smaller local banks will also have to strengthen their domestic operations, for example, improve asset quality and return on equity before they can look at M&As in emerging markets overseas for higher growth,” he added.

Venturing overseas and acquiring banks may look very glamorous but it could turn out to be an expensive exercise laden with risks. Nevertheless, most analysts concur that it seems to be the way forward for Malaysian banks for business growth.

http://biz.thestar.com.my/news/s ... 72&sec=business

我不难过

一大堆8块多投机的这轮烧到手了。别乱抛售，收多几个月才看吧。
fibonacci的算法果然有根据，7.50这样的resistance都算的算很准了。

Mr.Business

原帖由 JeanGrey 于 5-5-2008 06:08 PM 发表
那么你觉得老虎银行的总裁，对他的结婚对象了解够了吗？

我担心他同时娶这么多太太。会应付不来。而且给了这么高的价钱，对小股东合理吗？

Mr.Business

新闻。

Comment:
Let’s give Maybank a chance to prove itself
       
Published: 2008/05/06

FOR a bank that has stayed prudent for so many years, Malayan Banking Bhd's sudden acquired taste for aggressive transactions may not go down well with investors.

The top lender, long criticised as being slow to expand abroad, has made three major purchases in just two months.

The breakneck speed at which it committed RM11.5 billion for the three banks in Vietnam, Indonesia and Pakistan in a series of almost back-to-back announcements is dizzying. More so at a time when most economies in the world are staring a slowdown in the face.

"Yes, they need to expand. But at what cost and at what stage of the economic cycle? It's not like they are scooping up bargains at the bottom of a deep recession where asset values will shoot up as growth recover. Shares in general have rallied quite a bit already," said a fund manager.

Most of the Maybank deals are not cheap.

The lender's shares have slid 11 per cent since late March, when it said it would control Bank Internasional Indonesia (BII) in the most expensive banking transaction ever in that country.

The stock may be punished further when trading in Maybank shares resumes this morning after a third purchase was announced yesterday.

Although Pakistan's MCB Bank is of higher quality than BII, sceptics said the deal still looks pricey since Maybank is only buying a maximum of 20 per cent share and it has no management control in the lender.

However, OSK Research banking analyst Chan Ken Yew argued that the high price is justified considering MCB Bank's high return on equity (ROE) of 38 per cent.

"If Public Bank with 25 per cent ROE can trade at four times book value, then why is MCB Bank expensive at 5.1 times book?" he asked. But Chan was quick to add that the price may seem fair only from the pure financial standpoints. Country risk in Pakistan is obviously much higher than in Malaysia, he noted.

Maybank could have succumbed to peer pressure to expand abroad so urgently, as close rivals like Bumiputra-Commerce Holdings Bhd and Public Bank Bhd had already made moves successfully.

Maybank may also have been desperate to meet its own performance target as the 12 to 24 months deadline it had set for itself to find suitable overseas purchase drew closer.

But Maybank needs to be careful.

A fund manager pointed to the experience of HSBC Bank, which had made good calls for over a century by scooping up bargains during times of crisis.

"And then they decided that the US market was a 'must have' if HSBC were to grow, so they bought Household International in the US at a time when the housing market was booming," he said.

The global banking giant later paid a high price when the subprime crisis hit, making huge write-downs from the investment.

The HSBC example is definitely a drastic one, and with a small Malaysian market, Maybank has no choice but to expand overseas.

Even BCHB shares were punished when the group bought Bank Niaga in Indonesia, but the decision to expand was proven right a few years later. Thus, it is only fair that Maybank be given the chance to prove itself in executing the acquisition synergies.

Maybank may not be a good bargain hunter, but let's hope it will do better in execution to extract value that will justify the high prices.

http://www.btimes.com.my/Current ... /Article/index_html

renwee510

哈哈！和我一样庆幸！幸好早跑！
还是亏水钱跑，本来怕错过了，哪里知道越看越不对劲了

superchick

原帖由 renwee510 于 6-5-2008 09:40 AM 发表
哈哈！和我一样庆幸！幸好早跑！
还是亏水钱跑，本来怕错过了，哪里知道越看越不对劲了

幸灾乐祸了。

renwee510

为自己感到庆幸而已
今天从bursa看到最低还有7.50，还不够力？
手上有票的可能要趁低吸购了，不然不乐观。

西甲霸王

不用太急着收票啦， 等明朗化一些。 之前我也犯过average down 的太早，股价一路向南但已经没有子弹再买了。那时真的是住套房每天祈祷罢了。看到其他股要跑都没有机会上车了。先看定一点啦， 会不会跌到7块以下都没有人懂。。。