| Previous Close | 3.4400 |
| Open | 3.4900 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 3.4400 - 3.4400 |
| 52 Week Range | 2.8900 - 4.4500 |
| Volume | 74 |
| Avg. Volume | 8,224 |
| Market Cap | 19.13B |
| Beta (5Y Monthly) | 0.31 |
| PE Ratio (TTM) | 9.50 |
| EPS (TTM) | 0.3620 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.36 (10.39%) |
| Ex-Dividend Date | Apr 16, 2020 |
| 1y Target Est | N/A |
Malaysia’s Axiata Group Bhd has secured a total of $800 million in syndicated multi-currency Islamic financing facilities for its sustainability-linked initiatives, the company said in a statement on Monday. The financing arrangement was led by OCBC Al-Amin Bank Bhd while a unit of Oversea-Chinese Banking Corporation Limited, Maybank Islamic Bank Bhd and MUFG Bank (Malaysia) Bhd were also financiers. Axiata said the financing mechanism is first of such in the world, and serves to enhance its liquidity position while benefiting from optimal financing cost.
* Philippines exports shrink sharply in March * Singapore rises 1% * Thai markets closed for holiday By Pranav A K May 6 (Reuters) - Singapore shares gained the most in Southeast Asia on Wednesday, supported by the industrial sector, while Philippine stocks dropped more than 1% on profit-taking and dismal exports data. Financial markets around the world have been caught this month between grim economic figures and worries about worsening U.S.-China relations, and optimism over easing COVID-19 lockdowns in many countries. Philippine stocks fell up to 1.4%, dragged down by a 3.9% drop in shares of conglomerate Ayala Corp. Investors are taking profits from Ayala Corp, Ayala Land and Metro Pacific Investments as they gained sharply on Tuesday after President Rodrigo Duterte apologised to their owners, said Frances Nicole L. Samorano, a research analyst at RCBC Securities.
* The Philippines leads gains, up 3% * Indonesia c.bank cuts RRR, holds rates * China March exports fall 6.6% y/y By Arundhati Dutta April 14 (Reuters) - Southeast Asian stock markets rose on Tuesday on better-than-expected trade data from China and signs of the coronavirus outbreak peaking in certain hotspots. Data from China, the region's biggest trading partner, showed that exports fell 6.6% in March compared with a year earlier, less than analysts' estimate of a 14% plunge. Big caps Ayala Corp and Bank of the Philippine Islands rose 8.3% and 5.2%, respectively.
* Malaysia confirms bear market, hits near 10-year low * Singapore ends lower for fourth consecutive session * Thailand mulls shutdowns of public spaces By Arpit Nayak March 16 (Reuters) - Southeast Asian stock slumped on Monday, with Malaysia confirming a bear market, as the Federal Reserve's unexpected move to cut interest rates failed to quell fears over the economic impact of the coronavirus pandemic. "There's not much that policymakers can do to prevent a global recession developing over the coming months as the economic effects of the coronavirus begin to bite," said Neil Shearing, group chief economist at Capital Economics, in a note. Malaysian equities plunged 4.8% to hit a near 10-year low and joined the rest of the region in bear market territory.
* Malaysia flags $800 million impact to tourism from virus * Philippine central bank hints at bigger rate cut * China's Jan-Feb industrial output contracts at sharpest pace in 30 years By Arpit Nayak March 16 (Reuters) - Southeast Asian stock markets tumbled on Monday, with Malaysia hitting a near ten-year low, as drastic policy measures by the U.S. Federal Reserve did little to soothe investor nerves over the lightning spread of the coronavirus. The Fed on Sunday cut interest rates to near-zero levels and pledged to expand its balance sheet by at least $700 billion in the coming weeks, joining a global effort to combat the pandemic which has forced stringent lockdowns and travel bans worldwide. "Ironically, markets might have perceived the Fed's response as panic, feeding into its own fears," Vishnu Varathan, a senior economist at Mizuho Bank, said in a note.
* Singapore enters bear market territory * Philippines set for worst week since 1998 * Thailand, Indonesia trigger circuit breakers By Sameer Manekar March 13 (Reuters) - Southeast Asian stock markets sank on Friday and were headed for their worst week in more than a decade, as a rout in global equities deepened amid rising travel restrictions and growing fears of a global recession due to the coronavirus outbreak. Sell-off gathered pace from Thursday after the World Health Organization termed the outbreak a pandemic and U.S. President Donald Trump restricted travel from Europe to contain the virus spread.
Malaysia's top lender Malayan Banking Bhd (Maybank) is offering its Iranian customers debit cards to use locally for ringgit transactions, a relief for them after other banks threatened to close their accounts. Last year, Malaysia's CIMB Group Holdings and RHB Bank sent closure notices to many Iranian clients, a sign that U.S. sanctions were having far-reaching effects on citizens of the Islamic republic. Former Malaysian Prime Minister Mahathir Mohamad, after a Reuters story on the closures, said his government was forced to "make it difficult" for Iranians living in the Southeast Asian country.
At least 20 banks facing losses running into hundreds of millions of dollars from the collapse of Singapore-based Agritrade International Pte Ltd (AIPL) have accused the commodity trader of fraud, court documents show. Singapore's High Court appointed an interim judicial manager for the firm last month after rejecting its request for a debt moratorium on $1.55 billion in outstanding liabilities to dozens of creditors, including $983 million owed to secured lenders. The banks have filed cases in Singapore's high court to recover their money and allege fraud at AIPL, with Singapore's United Overseas Bank (UOB) and Malaysia's Maybank owed nearly $108 million each, documents show.
At least 20 banks facing losses running into hundreds of millions of dollars from the collapse of Singapore-based Agritrade International Pte Ltd (AIPL) have accused the commodity trader of fraud, court documents show. Singapore's High Court appointed an interim judicial manager for the firm last month after rejecting its request for a debt moratorium on $1.55 billion in outstanding liabilities to dozens of creditors, including $983 million owed to secured lenders. The banks have filed cases in Singapore's high court to recover their money and allege fraud at AIPL, with Singapore's United Overseas Bank (UOB) and Malaysia's Maybank owed nearly $108 million each, documents show.
ING and Malayan Banking Bhd (Maybank) were the top creditors of Singapore commodity trader Agritrade International, which was last month placed under interim judicial management. Documents reviewed by Reuters showed Malaysia's Maybank tops the list of secured lenders to Agritrade with $118 million owed to it, with Dutch bank ING owed $100 million.
ING and Malayan Banking Bhd (Maybank) were the top creditors of Singapore commodity trader Agritrade International, which was last month placed under interim judicial management. Documents reviewed by Reuters showed Malaysia's Maybank tops the list of secured lenders to Agritrade with $118 million owed to it, with Dutch bank ING owed $100 million.
* Philippine c.bank to consider more rate cuts * Thailand shares end on 17-month high * Indonesia plunges to a near three-year low By Pranav A K Feb 27 (Reuters) - Most Southeast Asian stocks ended higher on Thursday after a heavy selloff in the previous session that was triggered by fears of a global coronavirus pandemic as several countries reported a spike in cases. Heavyweights Siam Cement and Advanced Info rose as much as 3.2% and 4.1%, respectively. The Philippine central bank said it would consider more rate cuts, helping the local bourse recover from a 3.9% plunge on Wednesday.
In a bourse filing, Malaysia's largest lender by assets said solid quarterly performances in these segments lifted its full-year net profit to a record high of 8.2 billion ringgit ($1.94 billion). Maybank recorded a 2.45 billion ringgit profit in the October-December period, compared with 2.33 billion ringgit a year earlier, beating the 2.44 billion ringgit analysts' forecast by Refinitiv. Net interest margin - a key measure of bank profitability - compressed 6 basis points in 2019 to 2.27%, as group gross loans expanded by 1.2% while deposits widened 1.6% for the year.
* South Korea takes steps to detect infections * Singapore snaps three straight sessions of losses * Consumer, resources shares weigh on Indonesia By Soumyajit Saha Feb 25 (Reuters) - Most Southeast Asian stock markets ended marginally higher on Tuesday after a selloff in the previous session, even as concerns over the rapid spread of the coronavirus remained. Kuwait, Bahrain, Oman, Afghanistan and Iraq reported their first cases, while South Korea, which has the most virus cases outside China, said it aims to test more than 200,000 members of a church at the centre of a surge in the infections. "I don't think this (rise in markets) has got any longevity," said Jeffrey Halley, senior market analyst at OANDA.
Maybank Islamic aims to arrange six dollar sukuk deals in the Gulf in 2020, including at least one sovereign issuance, its CEO said on Monday, as the bank opened a branch in Dubai, its first outside of Malaysia. The lender, which the CEO said is the largest Islamic bank by assets in the ASEAN group of Southeast Asian countries, is the Islamic banking arm of Malayan Banking Bhd (Maybank) , Malaysia's largest lender by assets. "By having a presence here, we are closer to the ground and it's much easier for us to also understand some of the deal flow coming through," Dato' Mohamed Rafique Merican, Maybank Islamic's CEO, told Reuters on Monday on the sidelines of an event for the launch of its Dubai branch.
The viral outbreak, which claimed almost 640 lives, continued to grip markets. China was confident it could defeat the epidemic with no long-term economic consequences, Xi told U.S. President Donald Trump in a telephone call, according to state television. Customs office in China - the region's biggest trading partner - said on Friday that it will not issue preliminary trade data for January but would combine it with February numbers.
Moody's Investors Service has today assigned a (P)A3 foreign currency senior unsecured rating to the samurai shelf registration of Malayan Banking Berhad (Maybank, A3 stable, a3). According to the terms and conditions available to Moody's, the notes to be issued under the shelf registration will constitute direct, unconditional and unsecured obligations of Maybank (the issuer), and will rank pari passu among themselves and at least pari passu in right of payment with all other present and future unsecured obligations of the bank.
* Washington and Beijing may delay Dec. 15 tariffs - WSJ * Thai index set to fall for 10th straight session * Singapore up on blue chips By Arundhati Dutta Dec 11 (Reuters) - Most Southeast Asian stock markets were subdued on Wednesday, ahead of a looming tariff deadline, despite a report that cited trade negotiators are laying the groundwork to delay fresh U.S. tariffs on Chinese imports. Officials in Beijing and Washington have signalled that Dec. 15 is not the final date for reaching a so-called "phase-one" deal, according to a Wall Street Journal report, even though that is the date U.S. President Donald Trump has set for tariffs to increase on $165 billion of Chinese goods.
Malayan Banking Bhd's (Maybank) quarterly net profit rose as it swung to a gain from investment income and turned in higher net interest income as well as earned insurance premiums, helping offset costs. The lender, however, said it expects its three home markets - Malaysia, Singapore and Indonesia - to be affected by moderate growth projection for Southeast Asian countries, with Singapore more exposed to impact from the U.S.-China trade war. "Against the backdrop of a moderating global growth and uncertainty over trade tensions, Maybank Group will maintain its balance sheet expansion in line with the respective (gross domestic product) growth in its three home markets," it said in a filing with the stock exchange.
* Hong Kong human rights bill could hamper trade talks * Indonesia set for sixth straight day of losses * The Philippines falls most, down 0.7% By Arundhati Dutta Nov 28 (Reuters) - Southeast Asian markets fell on Thursday as investors feared the U.S. government's decision to sign a bill backing protesters in Hong Kong could thwart Beijing and Washington from defusing their 16-month trade dispute. Mass protests for more democracy and autonomy have rocked the former British colony for six months, with escalating violence and fears that China will ratchet up its response to end the unrest. China's Foreign Ministry said it will take "firm counter measures" if the United States continues to interfere in Hong Kong after Trump on Wednesday signed into law congressional legislation backing pro-democracy protesters in Hong Kong.
At this time the amendments, in and of themselves, will not result in any changes to the credit quality of the programs' notes. Chariot Funding LLC (Chariot), a partially supported, multi-seller ABCP program administered by JPMorgan Chase Bank, N.A. (JPMCB) has amended two existing facilities in its portfolio.
At this time the amendments, in and of themselves, will not result in any changes to the credit quality of the programs' notes. Chariot Funding LLC (Chariot), a partially supported, multi-seller ABCP program administered by JPMorgan Chase Bank, N.A. (JPMCB) has amended two existing facilities in its portfolio. The first is a $500 million interest in a $1.7 billion revolving facility financed among four ABCP conduits, including Chariot.
* Sino-U.S. trade talks slated to start Thursday * Philippine c.bank gov signals end of rate cuts for 2019 * Malaysia touches lowest close in over 4 years By Soumyajit Saha Oct 9 (Reuters) - Most Southeast Asian stock markets closed lower on Wednesday as rising tensions between the United States and China punctured hopes of a trade deal with talks slated to begin on Thursday.
* Sino-U.S. trade talks set to start on Thursday * Philippine c.bank gov signals end of rate cuts for 2019 * Singapore set to snap two sessions of gains By Soumyajit Saha Oct 9 (Reuters) - Most Southeast Asian stock markets dropped on Wednesday, as tensions between the United States and China heightened hours ahead of high-level negotiations, denting hopes of a trade deal. Washington imposed visa restrictions on Chinese government and Communist Party officials over abuses of Muslim minorities. "I think more bad news is yet to come." Philippine stocks shed previous session's rally to drop as much as 1% after the central bank said that last month's rate cut could be the last of 2019.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Malayan Banking Berhad and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.