Last 10.10 MYR
Change Today 0.00 / 0.00%
Volume 14.9M
MAY On Other Exchanges
Symbol
Exchange
OTC US
Kuala Lumpur
As of 4:56 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

malayan banking bhd (MAY) Snapshot

Open
10.10
Previous Close
10.10
Day High
10.12
Day Low
10.06
52 Week High
09/19/13 - 10.38
52 Week Low
03/14/14 - 9.44
Market Cap
92.3B
Average Volume 10 Days
7.5M
EPS TTM
0.75
Shares Outstanding
9.1B
EX-Date
--
P/E TM
13.4x
Dividend
0.55
Dividend Yield
5.30%
Current Stock Chart for MALAYAN BANKING BHD (MAY)

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malayan banking bhd (MAY) Details

Malayan Banking Berhad, through its subsidiaries, provides commercial banking and related financial services for corporate and institutional clients in Malaysia, Singapore, Indonesia, and internationally. It offers deposits and loans; Islamic financial products and services; investment banking products and solutions, including corporate finance and advisory, strategic advisory, equity markets, stock broking, debt markets, and equity and commodity derivatives; and corporate finance, asset management, offshore banking, venture capital financing, and retail and institutional securities broking and research services. The company also provides financial services for business, retail, and global banking customers; offers commercial financial solutions to top-tier corporations; and is involved in treasury operations on money market and foreign exchange trading, as well as providing trust services. In addition, the company offers various types and classes of life and general conventional insurance policies, as well as family and general takaful plans under the Etiqa brand via its multi distribution channels. Further, Malayan Banking Berhad provides Internet banking services. Additionally, it provides money lending, securities dealing, real estate investment, securities issuing, fund management, nominee, property leasing and trading, real estate development, and IT shared services. Malayan Banking Berhad operates a network of approximately 2,200 offices in 20 countries. Malayan Banking Berhad was founded in 1960 and is headquartered in Kuala Lumpur, Malaysia.

Founded in 1960

malayan banking bhd (MAY) Top Compensated Officers

Chief Executive Officer, Group President, Act...
Total Annual Compensation: 1.5M
Compensation as of Fiscal Year 2013.

malayan banking bhd (MAY) Key Developments

Malayan Banking Berhad Declares Single-Tier Interim Dividend for the Financial Year Ending December 31, 2014; Announces Group and Bank Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Malayan Banking Berhad announced that the Board of Directors have declared a single-tier interim dividend in respect of the financial year ending December 31, 2014 of 24 sen against 22.5 sen per ordinary share for the period ended June 30, 2013. The company announced group and bank unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter on group basis, the company reported net interest income of MYR 2,407,420,000 against MYR 2,381,494,000 a year ago. Operating profit was MYR 2,209,548,000 against MYR 2,047,210,000 a year ago. Profit before taxation and zakat was MYR 2,246,814,000 against MYR 2,088,850,000 a year ago. Profit attributable to equity holders of the bank was MYR 1,575,531,000 against MYR 1,567,734,000 a year ago. Net profit was achieved on the back of a pick-up in loans and deposits and a rising market share in its consumer and Islamic banking operations. Earnings per share attributable to equity holders of the bank were 17.43 sen against 18.23 sen a year ago. Net profit was increased as gains from stronger loan and deposit growth were undermined by weaker fee income owing to a fall in regional investment activity. Revenue was MYR 8.76 billion from MYR 8.59 billion a year ago. For the six months on group basis, the company reported net interest income of MYR 4,800,251,000 against MYR 4,808,889,000 a year ago. Operating profit was MYR 4,380,866,000 against MYR 4,138,478,000 a year ago. Profit before taxation and zakat was MYR 4,454,602,000 against MYR 4,215,576,000 a year ago. Profit attributable to equity holders of the bank was MYR 3,177,116,000 against MYR 3,073,948,000 a year ago. Earnings per share attributable to equity holders of the bank were 35.48 sen against 36.06 sen a year ago. Net cash used in operating activities was MYR 3,617,605,000 against net cash from operating activities of MYR 1,960,705,000 a year ago. Purchase of property, plant and equipment was MYR 170,267,000 against MYR 128,083,000 a year ago. Purchase of investment properties was MYR 1,359,000. Purchase of intangible assets was MYR 94,354,000 against MYR 134,486,000 a year ago. Revenue increased by 2.5% to MYR 17.1 billion from MYR 16.7 billion a year ago. On bank basis for the quarter, the company reported net interest income of MYR 1,743,714,000 against MYR 1,592,850,000 a year ago. Profit before taxation and zakat was MYR 2,310,490,000 against MYR 1,156,857,000 a year ago. Profit for the period was MYR 1,890,933,000 against MYR 939,185,000 a year ago. For the six months on bank basis, the company reported net interest income of MYR 3,537,964,000 against MYR 3,221,140,000 a year ago. Profit before taxation and zakat was MYR 4,155,631,000 against MYR 2,524,396,000 a year ago. Profit for the period was MYR 3,329,189,000 against MYR 1,975,715,000 a year ago. Net cash used in operating activities was MYR 3,033,343,000 against net cash from operating activities of MYR 3,044,124,000 a year ago. Purchase of property, plant and equipment was MYR 82,531,000 against MYR 74,856,000 a year ago. Purchase of intangible assets was MYR 38,055,000 against MYR 122,318,000 a year ago.

Malayan Banking Mulls Acquisitions

Malayan Banking Berhad (KLSE:MAYBANK) is looking for acquisitions. The company will only seek mergers and acquisitions (M&A) opportunities if the move adds on to its shareholder value and not merely by expanding the size of its total assets. Chief Executive Officer, Datuk Abdul Farid Alias said, “We do not need to acquire another bank, just to have the biggest size in terms of total assets. [With] the size that we have in Malaysia right now, we can be significant and relevant, with all the things that we promise to our customers.” He added, “We will look at the opportunities here in Malaysia and compared it with opportunities elsewhere.”

Maybank Group Launches Etiqa Insurance Pte. Ltd in Singapore

Maybank Group has expanded its presence in Singapore with the launch of its insurance arm, Etiqa Insurance Pte. Ltd. Etiqa Insurance Pte. Ltd. has commenced operations and will sell its life insurance products at Maybank's 22 branches in Singapore. Following the approval by the Singapore Monetary Authority of Singapore on 13 June 2014, Etiqa is now a licensed life and general insurance company.

 

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