Maybank shares hit 5-year low

PETALING JAYA: Malayan Banking Bhd's (Maybank) successful bid for PT Bank Internasional Indonesia Tbk (BII) does not seem to have gone down well with the investing public as the stock fell to its lowest level in almost five years.

While analysts and fund managers concurred that the acquisition was the right move for cultivating long-term growth, some investors were more concerned about the short-term pain Maybank might have to bear.