Why Maybank And Cimb Gave Up On Rhbcap

July 17, 2021

Both CIMB and Maybank are turning their heads away from RHB now. Maybank-CIMB face-off over RHBCap A merger of either bank with RHBCap would create one of the largest banking groups in Southeast Asia.

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23 June 2011 Merely less than one month of battle not even pulling off the gun both Maybank and CIMB today respectively announcing to abort the merger talks with RHBCap.

Why maybank and cimb gave up on rhbcap. 23 June 2011 Merely less than one month of battle not even pulling off the gun both Maybank and CIMB today respectively announcing to abort the merger talks with RHBCap. They have almost same kind of trend since they are in the same business area which involves in service business and not focus more on manufacturing products that involve a high cost on the fixed assets. CIMB and Maybank had each indicated that they would not overpay for RHBCap as it was not vital for their growth plans.

In 2011 CIMB was ranked at 465th in the Forbes Global 2000. Hi everyoneIve been using HSBC PowerVantage for the past 5 years and Ive been happy with their service. The countrys two largest banks Malayan Banking Bhd Maybank and CIMB Group Holdings Bhd are each expected to submit their merger proposals to RHB Capital Bhd RHBCap on June 29.

I am glad Maybank and CIMB scrap merger plans with RHBCap. 23 June 2011 Merely less than one month of battle not even pulling off the gun both Maybank and CIMB today respectively announcing to abort the merger talks with RHBCap. Assuming the worst-case scenario CIMB IBs Ng said a full impairment of Maybanks loans to 1MDB would slash 56 of his estimated net profit for Maybank in FY15 and cut the target price by about 44.

Banks likely to submit RHBCap plans by June 29 Kuala Lumpur. Based on the latest market valuation of RHBCap EPFs holding of RHB is valued at somewhere in between RM95 to RM10 billion. Maybank is Malaysias financial services leader with a network of over 2100 offices in 17 countries worldwide.

THE Employees Provident Fund EPF will soon be in a happy predicament if it is not already. At 1025am RHB Capital fell 45 sen to RM915 with 36 million shares traded. Maybank Bhd given its status as the biggest bank and with more income stream holds a more premium PE at 12 while CIMB is closely behind with a PE of 10.

I do not want the shares of Maybank or CIMB please as EPF already holds substantial stake in the 2 banks. P Gunasegaram talks about the sense and sensibility of EPF Maybank and CIMB looking beyond the financial factor. Thats because it will be negotiating to sell its 45 stake in RHB Capital to one of the two largest groups in the country.

CIMB Group is a regional universal bank operating in high growth economies in ASEAN. Maybank and RHB Capital Bhd are the lead lenders of the loan. The latest financial sector statistics from Bank Negara Malaysia BNM may see investors maintaining a pessimistic view of the banking industry but not all are shying away from investing in them.

A merger of either bank with RHBCap would create one of the largest banking groups in Southeast Asia. Meanwhile CIMB Bank also shows the same upward trend on the fixed assets turnover in which they are both ended up with the highest fixed asset turnover over the 5 years on 2014. The countrys two largest banks Malayan Banking Bhd Maybank and CIMB Group Holdings Bhd will face-off against each other in pursuing a merger with smaller rival RHB Capital Bhd RHBCap.

Why Maybank and CIMB gave up on RHBCap. So its up to investors to decide whether they would opt for a lower PE and lower dividend yield CIMB Bhd or higher PE and higher dividend yield Maybank Bhd. What I want is cash and see that EPF makes good use of the cash.

However Im starting a new job soon and the new employer uses these two banks - Maybank and CIMBIve been reading some of the posts here and find different views on both banks plus I dont really have sufficient time to go through all the threads - my apologies. It quoted sources saying 1MDB was given until Jan 30 2015 to settle the debt that was originally due on Nov 30 2014. This is such a smart move and GOOD LUCK to Aabar Investments who just bought RHBCap at 225x book value and see how they can realized gain from their investment.

Singapores Straits Times reported that MALAYAN BANKING BHD and CIMB Group Holdings Bhd have decided to drop separate plans to take over RHB Capital. RHBCap - MayBank And CIMB Drop Takeover Plan. Of course between the dates Abu Dhabi Commercial Bank ADCB made a significant headline when it sells its 25 stake in RHBCap to its sister company Aabar Investment for RM1080 per share which value RHBCap at 225 times RHBCap book value.

I think they are going to sit on it for a long time and. This article first appeared in The Edge Financial Daily on January 6 2016. Malayan Banking Bhd Maybank may see a negative impact on its financial year 2015 FY15 bottom line by as much as 56 assuming a 10 provisioning for its total loan exposure to 1Malaysia Development Bhd 1MDB that could amount to some RM55 billion said CIMB Investment Bank CIMB IB Research.

Malayan Banking Bhd Maybank and RHB Capital Bhd RHBCap have emerged as the top picks. Why Maybank and CIMB gave up on RHBCap. EPF has some tough decisions to make as CIMB Maybank fight for RHB Capital.

Why Maybank and CIMB gave up on RHBCap. The countrys two largest banks Malayan Banking Bhd Maybank and CIMB Group Holdings Bhd will face-off against each other in pursuing a merger with smaller rival RHB Capital Bhd RHBCap.

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