Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Malayan Banking Bhd (MAY MK, Hold, TP: RM8.25) said it will be keeping its options open in bidding for Al Amanah Islamic Investment Bank of the Philippines, the countries only Islamic oriented commercial bank, a Philippines newspaper reported. Al Amanah Islamic Bank is looking for a strategic partner through the sale of 49% stake or the entire bank to a foreign entity with expertise in Islamic banks. Maybank told the Philippines based newspaper that it wanted to expand further in the Asean region while strengthening its hold in the Asia Pacific region. (StarBiz)
Company Name: MALAYAN BANKING BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 8.25 |
Malayan Banking Bhd (MAY MK, Hold, TP: RM8.25) said it will be keeping its options open in bidding for Al Amanah Islamic Investment Bank of the Philippines, the countries only Islamic oriented commercial bank, a Philippines newspaper reported. Al Amanah Islamic Bank is looking for a strategic partner through the sale of 49% stake or the entire bank to a foreign entity with expertise in Islamic banks. Maybank told the Philippines based newspaper that it wanted to expand further in the Asean region while strengthening its hold in the Asia Pacific region. (StarBiz)
Source: ECM Newz Bits12 April 2012
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