【MAYBANK 1155 交流专区】马银行

tan81

原帖由 tan81 于 2-5-2008 06:52 PM 发表
政治消息说，有人急着把钱往外移。如果收购成功了，不见掉的钱，不知几时变成呆账。

原帖由 tan81 于 2-5-2008 06:45 PM 发表
通常好消息是尽早宣布的。在收市前，才停牌，应该是要给时间大基金尽量出货。
没有跟着跳车的散户，只好拜神了。

8年兄，不好在这里“润”烧到手的朋友吧？ 小心犯众怒。

我知道有个网友持有 Sime 和 Maybank。要亏损这么多的代价来教他投资，实在是很重的代价。希望他可以好像我以前一样走过来。

Mr.Business

之前Maybank买Pakistan银行的股份是以5.1倍的book value。。。:@

Maybank Falls on Plan to Buy Pakistan’s MCB Stake
May 6th, 2008
Source: Bloomberg

May 6 (Bloomberg) — Malayan Banking Bhd., Malaysia’s biggest bank, fell to a four-year low in Kuala Lumpur trading on concerns it’s paying too much for a non-controlling stake in Pakistan’s MCB Bank Ltd. and the acquisition may hurt dividends.

The Kuala Lumpur-based company yesterday agreed to buy 20 percent of MCB for as much as 60.3 billion rupees ($914 million). Shares of Maybank, as the bank is known, fell 3.8 percent to 7.70 ringgit at the close, the lowest since Jan. 6, 2004.

The purchase of MCB may prompt the Malaysian bank to raise more capital, which may dilute earnings per share. The acquisition is the third overseas purchase for Maybank this year, bringing the spending on investments abroad to as much as $3.8 billion in 2008.

“We view this acquisition as expensive given imminent macroeconomic headwinds in Pakistan and a lack of immediate synergy between” the banks, Julian Chua, an analyst at Citigroup Inc., who has a “sell” rating on the stock, wrote in a report today.

Citigroup, UBS AG and Macquarie Securities Ltd. cut their 12- month estimates for the stock price after the acquisition announcement yesterday. Citigroup cut its price target to 7.60 ringgit from 8.38 ringgit, UBS lowered it to 9.80 ringgit from 10.70, and Macquarie to 7.30 ringgit from 9.10 ringgit.

‘High Premium’

“The high premium paid and the ensuing potential need for a capital raising will weigh on the share price,” Chin Seng Tay, an analyst at Macquarie, wrote in a report today. ”With the risk we see of dividends being sacrificed to rebuild its eroded capital base, our dividend forecast is at risk.”

Maybank said yesterday it will decide next month how much capital it will raise this year and whether it will keep its policy of paying 60 percent of its profit as dividend.

“What puzzles a lot of people is actually why Maybank only became so aggressive now,” said Scott Lim, who helps manage $398 million as chief investment officer at CMS Dresdner Asset Management Sdn. in Kuala Lumpur. The deal “also means that investors can look forward to a lower dividend from Maybank. If you can buy Public Bank Bhd. at a lower valuation and get a very decent dividend yield, why should you own Maybank now?”

Maybank will initially buy 15 percent of Pakistan’s biggest bank by value for 44.3 billion rupees, or 470 rupees a share. The price is an 11 percent premium to MCB’s May 2 closing price. The bank also has the option to buy an additional 5 percent at as much as 510 rupees a share, it said.

Valuation

The bank is buying the MCB stake at 5.1 times book value, twice the average 2.2 times for Pakistan banks, data compiled by Bloomberg shows. The price is 15 times the Karachi-based bank’s earnings in 2008, Maybank said. The estimated price-earnings ratio for the Karachi Stock Exchange KSE100 Index is 16.2 times, Bloomberg data shows.

Fitch Ratings last month put the Malaysian bank on rating watch on concerns that it would have a “significant negative impact on its capital position.”

Maybank is expanding overseas to tap growth in less-developed economies. Malaysia’s economic expansion is set to slow to as little as 5 percent this year from 6.3 percent in 2007. That compares with Pakistan, with a population more than six times that of Malaysia’s, which forecasts its economy will expand 6 percent this year.

http://www.naitazi.com/2008/05/0 ... akistans-mcb-stake/


Monday May 5, 2008 MYT 6:52:11 PM
Maybank buys 15% stake of Pakistan bank for RM2.17bil
By Joseph Chin

KUALA LUMPUR: Malayan Banking Bhd is buying a 15% stake in Pakistan’s fourth largest bank MCB Bank Ltd - previously known as Muslim Commercial Bank Ltd - for RM2.17bil cash and will acquire another 5% later, which will make it a major shareholder.

Maybank announced on Monday the acquisitions would see both banks entering into a business cooperation agreement which would include Islamic banking, retail banking, credit cards and small medium enterprise banking as key partnership areas.

Last Saturday, Maybank entered into five share purchase agreements (SPAs) with five individuals and Muslim Commercial Bank Ltd Employees’ Pension Fund; The Muslim Commercial Bank Limited Provident Fund; Nishat Mills Ltd Employees Provident Fund Trust; and Adamjee Insurance Company Ltd for the acquisition of the 15% stake.

Maybank said the total purchase RM2.17bil was based on the audited net assets of MCB Group for the financial year ended Dec 31, 2007 of about RM2.82bil, strong historical profitability and earnings potential of the MCB Group; and the potential benefits to the Maybank Group.

The consolidated profit after tax of MCB Group was RM800mil.

It said MCB is the fourth largest bank in Pakistan by assets of approximately RM20.2bil and it operates 1,026 branches including eight Islamic banking branches within Pakistan and six branches outside the country.

“In addition to the recently announced proposed acquisitions in Indonesia and Vietnam, the proposed acquisition will enable Maybank and its subsidiaries to further expand its regional presence in key growth markets and to continue with its effort to establish itself as a financial services leader in the regional market,” it said.

Maybank said the proposed acquisition would provide the Maybank Group with the opportunity to position itself in a high growth and under-penetrated banking market with a large population.

The acquisition would also enable it to establish strategic partnerships with a leading commercial bank in Pakistan with strong growth potential and with the Nishat Group, one of the leading and diversified business groups in Pakistan of MCB.

http://biz.thestar.com.my/news/s ... 113445&sec=business

[ 本帖最后由 Mr.Business 于 9-10-2008 07:09 PM 编辑 ]

8years

每个投资者都要为自己所犯的错误负责，输了要认输再来过，不是静静不出声。只有肯认错的人才会进步。今天的错误是每天的成功。

我今天讲的话也是以前交学费学到的，谁人没有输过？？所以，在投资界永远都不要太固执和沉醉在自己的成功里面，要付出代价的，我付出了很多代价的。今天只是让大家再上一课吧了。

ss24

美其名是发展收购，其实是在派股东的钱。。。:@

密码侦探

6.95想买,心想还是等
6.55想买,心想还是等
6.30想买,心想还是等
6.00想买,心想还是等
今天5.85了

cct2048

原帖由 密码侦探 于 9-10-2008 08:21 PM 发表
6.95想买,心想还是等
6.55想买,心想还是等
6.30想买,心想还是等
6.00想买,心想还是等
今天5.85了

3个月后 4.00

密码侦探

表面上老虎是傻瓜.但私底却是偷龙转风.养老虎的人早就戴戴平安了.

Genghiss

其实虎头的呆账还真不少，我家出租给几组友族搬走后，各类欠单连年陆续有来.

ee33

是3月8日的海啸改变了一切。。。

loong81

老虎银行有政府大靠山啊！

密码侦探

你怕他会倒?
其实政府每天都在拿我们的钱来倒贴.
不然MAS PROTON早就去HOLLAND了

pixahard

现在5。60了。。还会再低吧。。

密码侦探

原帖由 cct2048 于 9-10-2008 08:26 PM 发表




3个月后 4.00

可能发生性 >60%

cocoloco

10年后的今天我们不懂是 鸟2008年的时候这股才5块多现在50多块了为何那时没买 或 好才没买，MAYBANK都倒了。

花脸

剛排隊5.50進20張........

傻人最有傻福

General Announcement

Reference No CU-081010-60883

Submitting Merchant Bank	:	ASEAMBANKERS MALAYSIA BERHAD
Company Name	:	MALAYAN BANKING BERHAD
Stock Name	:	MAYBANK
Date Announced	:	10/10/2008

Type	:	Announcement
Subject	:	MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY")
Contents	:	PROPOSED ACQUISITION OF UP TO 100% EQUITY IN PT BANK INTERNASIONAL INDONESIA TBK ("BII") PURSUANT TO: (A) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SORAKFINANCIAL HOLDINGS PTE. LTD. ("SORAK") FOR A TOTAL CASH CONSIDERATIONOF APPROXIMATELY INDONESIAN RUPIAH ("RP")13.9 TRILLION OR THEEQUIVALENT OF APPROXIMATELY RM4.8 BILLION ("PROPOSED ACQUISITION"); AND (B) TENDER OFFER BY MAYBANK ARISING FROM THE PROPOSED ACQUISITION FORTHE REMAINING EQUITY INTEREST IN BII NOT OWNED BY SORAK AND ANY NEWORDINARY SHARES IN BII THAT MAY BE ISSUED PURSUANT TO THE EXERCISE OFOPTIONS UNDER BII’S EMPLOYEE SHARE OPTION PLAN TO BE SATISFIED IN CASH("TENDER OFFER"). COLLECTIVELY REFERRED TO AS THE "PROPOSAL"
Announcement Details : Furtherto the announcement dated 7 October 2008, wherein Maybank announcedthat it has entered into agreements with certain shareholders of BII toacquire a minimum of 7,947,019,338 shares in BII at a price of Rp433per share, Aseambankers Malaysia Berhad on behalf of the Company, ispleased to announce that the Company has today completed theacquisition of 7,947,019,338 shares in BII. With the completion of this acquisition, Maybank now holds approximately 71.86% equity interest in BII. This announcement is dated 10 October 2008.

Orochimaru

原帖由 cocoloco 于 10-10-2008 11:03 AM 发表
10年后的今天我们不懂是 鸟2008年的时候这股才5块多现在50多块了为何那时没买 或 好才没买，MAYBANK都倒了。

MAYBANK政府不会让他倒的

K男

原帖由 ee33 于 10-10-2008 12:04 AM 发表
是3月8日的海啸改变了一切。。。

当时的创新低是多少--今天又是多少--可以做个调整八仙作参考的说--我进场抓反弹多会这样的功课


http://kelvinliew.pixnet.net/blog/





              软趴趴的说

crazydotcom

今天5.5０了，真想买进。。可是，。，。 我，。，。 忍。。忍。。忍。。 忍人所不能忍。。哈哈。。

titotito

这头笨老虎
笨到跑去印度尼西亚巴基斯坦 躲猎人
箤不知
那边人人吃虎肉