Wednesday, 22 February 2012

Maybank IB sets sights on big IPOs

MAYBANK Investment Bank Bhd (Maybank IB) is optimistic of handling more higher valued initial public offerings (IPOs) this year.

"There was a dramatic slowdown in last year's IPO trend but we see big ones coming up this year,"
said Maybank IB chief executive officer Tengku Datuk Zafrul Aziz.

Last year, Maybank IB helped arranged four big IPOs, namely; MSM Malaysia Holdings Bhd,
Eversendai Corp Bhd, Bumi Armada Bhd and Pavilion REIT.

"This year, apart from Khazanah's Integrated Healthcare Holdings Bhd, Felda Global Ventures Holdings Bhd and Gas Malaysia Bhd,
there are another three to five big IPOs in the pipeline," he reporters after launching the company's mobile trading application
for the iPhone and iPad here yesterday.

The mobile trading application offers investors the convenience of checking their investment
portfolios, stock market news and trading ideas anytime, anywhere.

Also present at the launch were Maybank IB head of retail equities Mohamed Ariff Ismail
and Maybank IB research head of equity markets Wong Chew Hann.

Ariff said Maybank IB is projecting significant growth in retail stockbroking revenue.

"We're bullish on the prospects for this new application ... about 28 per cent of our stockbroking clients
are already trading via the Internet," he said.

To a question on the integration between Maybank IB and Singapore broker,
Kim Eng Holdings, Tengku Zafrul said it is progressing well.

"The integration process needs time as it entails various work streams.
It is important to realise the synergy between Maybank IB, Kim Eng and PT Bank Internasional Indonesia (BII) in Indonesia,
Maybank Philippines Inc and Maybank Singapore," he said.

The enlarged Maybank IB now has operations in Malaysia, Singapore, Hong Kong,
Thailand, Indonesia, the Philippines, India, Vietnam, Saudi Arabia, London and New York.

Going forward, he said Maybank IB will focus on establishing and expanding its line of business -
investment banking and advisory, retail equities, institutional equities, derivatives and asset management -
in its home markets - Malaysia, Singapore, Thailand and Indonesia.

Meanwhile, Wong said the local bourse and regional peers are currently experiencing liquidity-driven rally.
"While we see lots of liquidity flowing into Asia, it's not a start of a bull-run," she said.

She maintained a modest year-end target for the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index at 1,500 points.

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