Financial Roundup: Feb 27, 2015

2018-05-01T11:37:43+08:00By |Banks, EPF, Government, Roundup, Shares|

Forbes Malaysia’s Richest; ETP Pemandu; Maybank FY14; MBSB what’s next; Samsung wages freeze

Forbes Malaysia Rich List 2015

ForbesMalaysiaRichest2015

  1. Robert Kuok (91) – US$11.3bil (diversified)
  2. Ananda Krishnan (76) – US$9.7bil (telecom)
  3. Quek Leng Chan (73) – US$5.6bil (banking/real estate)
  4. Lim Kok Thay (63) – US$5.5bil (casinos)
  5. Teh Hong Piow (84) – US$5.4bil (banking)
  6. Lee Shin Cheng (75) – US$4.6bil (palm oil/real estate
  7. Yeoh Tiong Lay (85) – US$3bil (construction/real estate)
  8. Syed Mokhtar AlBukhary (63) – US$2.9bil (diversified)
  9. Goh Peng Ooi (60) – US$1.55bil (software)
  10. Lee Oi Hian & Lee Hau Hian – US$1.45bil (palm oil/chemicals/real estate)

Source: http://www.forbes.com/malaysia-billionaires/

Economic Transformation Plan (ETP) Wrap-up 2014 by Pemandu

etp etp-goals

  • GDP +6% (robust)
  • Realised private investments +13% (to RM181.5b)
  • Approved investments record RM235.9b
  • FDI -8% (Y2013:RM38b > Y2014:RM35b)
  • Pemandu believes ETP goal US$15,000 per capita by Y2020 achievable with 11MP
  • Y2015: Malaysia continued economic resilience (govt committed & on track meet revised budget)
  • Y2015: Expect market FBMKLCI ease before recovery year end

Source: http://research.uobkayhian.com/content_download.jsp?id=26998&h=d3b0b66668aabbb1887660ef1ba740ff
ETP Pemandu: http://etp.pemandu.gov.my

Equities: Maybank FY14 earnings increase to RM6.71b

Worlds-Strongest-Banks

  • FY14 profit before tax surpassed RM9.11 billion
  • Group loans rise 13.4% Y-o-Y ahead of 13% guidance
  • 11.1% rise in deposits – within guidance of 10-12%
  • ROE of 13.8% within 13-14% target
  • Strong performance in international operations with accelerating momentum especially in Singapore, Philippines, Cambodia and Greater China.
  • Total Group assets increased to RM640.3 billion in FY14 from RM560.3 billion in FY13
  • Group total capital ratio of 15.88% and CET1 at 11.39% places Maybank among strongest domestically
  • Dividend yield of 6.2% ranks Maybank highest amongst regional peers
  • Debuted #17 in Bloomberg’s World’s Strongest Banks list

http://www.maybank.com/en/news-support/newsroom-detailpage.page?detailId=1424935696670010

MBSB: Post-merger Breakdown

mbsbfuturepathb1

  • 3way merger for mega Islamic bank with CIMB & RHB aborted in 2015 Jan
  • 5-year growth plan especially without low-cost deposits
  • CEO Zaini says “Untrue that MBSB gets cheap funds from EPF”
  • “A merger is a must in near future but has to be good for company & stakeholders” [Update Feb 28, 2015: Bank Islam-MBSB potential merger]
  • 3-prong strategy:
    1. Strong collection model
    2. Keep costs low
    3. Grow corporate business
  • Looking to reduce personal loans (90% > 75%) & grow corporate loans

Source: http://www.thestar.com.my/Business/Business-News/2015/02/26/MBSBs-future-path-Corporate-exercise-inevitable-for-it-to-be-a-fullfledged-bank/?style=biz

Samsung Electronics Freeze Salaries

A man walks at the Samsung Electronics' headquarters in Seoul

  • 1st time in 6yrs for Samsung employees in Korea (90k+ employees)
  • Cost-cutting due to profts fall from rising competition
  • Samsung [005930.KS] lost market share vs Apple [AAPL.O] & Xiaomi [XTC.UL]
  • Betting on new Galaxy S smartphone launching Mar 1, 2015

Source: http://www.reuters.com/article/2015/02/26/us-samsung-elec-wage-idUSKBN0LU0C020150226

MyPF
Follow Us

MyPF

Admin at MyPF
Helping you to simplify and grow your Personal Finances.

Follow MyPF.my to get the latest Personal Finances updates and insights!
MyPF
Follow Us

Leave a Reply