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Maybank posts net profit of RM1.81b on revenue of RM12.97b

KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM1.81bil in the first quarter ended March 31, 2019 on revenue of RM12.97bil as it undertook prudent measures amid the challenging operating environment.

MBSB FY18 net profit up 54% to RM642.4m

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) reported 54% jump in its net profit for the financial year ended Dec 31, 2018 at RM642.20mil, underpinned due to lower impairment allowances and partly set off by higher operating expenses.

RAM reaffirms Sumitomo Mitsui Banking's rating

KUALA LUMPUR: RAM Ratings has reaffirmed Sumitomo Mitsui Banking Corporation Malaysia Bhd’s (SMBC Malaysia) AA1/Stable/P1 financial institution ratings. 

Analysts say MBSB nine-month profit within expectation

PETALING JAYA: Malaysia Building Society Bhd’s (MBSB) profit for the first nine months ending Dec 31, 2018 (FY18) was within expectation, thanks to lower provision for loan impairment made by the bank, analysts said.

Berjaya Food 'buy', Yee Lee 'outperform', Affin Bank 'hold', FGV 'neutral'

BERJAYA Food Bhd is planning to open 25 to 30 new Starbucks stores

Hyflux has limited impact on Maybank, worries subside

PETALING JAYA: Concerns about Malayan Banking Bhd’s (Maybank) exposure to Hyflux Ltd have eased after provisions made for the financially troubled water treatment company in Singapore proved to have had limited impact on the lender.

MBSB can enjoy write-backs after disposal of RM600mil bad loans

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB), which has been writing down its bad loans which it claims were legacy lending for more than two years, has finally cleared its books.

AmBank’s MSS to bring about savings of RM80mil a year

PETALING JAYA: AMMB Holdings Bhd’s mutual separation scheme (MSS) exercise is expected to be bring about savings of around RM80mil per year from financial year ending March 31, 2019 (FY19) onwards.

BIMB 'buy', PPB 'outperform', AWC 'add', Aeon 'buy'

RHB Research remains positive on Islamic financial services group BIMB Holdings Bhd for its resilient earnings growth and higher-than-industry asset quality.

AmBank’s MSS to bring about savings of 80mil a year

PETALING JAYA: AMMB Holdings Bhd’s mutual separation scheme (MSS) exercise is expected to be bring about savings of around RM80mil per year from financial year ending March 31, 2019 (FY19) onwards.