Friday 29 Mar 2024
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KUALA LUMPUR (Jan 27): Maybank Kim Eng Group, the fully-owned investment banking arm of Malayan Banking Bhd (fundamental: 1.5/3; valuation: 1.3/3), was ranked among the best investment banks in the ASEAN region.

It came out tops for the 2014 Dealogic ASEAN League Table for Equity Capital Markets (ECM), securing the highest deal volume for ECM Bookrunners in ASEAN for year 2014.

It was also named the “Best Broker in ASEAN” by Alpha Southeast Asia, which Maybank Kim Eng has maintained its dominance and stronghold in Thailand, as the top broker for the 13th consecutive year.

Maybank Kim Eng and Maybank Investment Bank’s CEO John Chong noted in the statement that the awards were received, despite the challenging environment last year.

“Maybank Kim Eng has continued to strengthen its position in the investment banking space in ASEAN. Whilst we maintain our solid performance in Malaysia, we are making strong headway in the region,” he said.

During the year, Maybank Kim Eng executed several notable ECM deals, including the US$359.1 million (RM1.29 billion) initial public offering (IPO) of Boustead Plantations Bhd (fundamental: 1.4; valuation: 1.8) and the US$259.8 million (RM935.09 million) IPO of 7-Eleven Malaysia Holdings Bhd (fundamental: 1.55; valuation 0).

The successful listing of 7-Eleven was awarded “Best IPO Deal (Malaysia)” by the Asset Triple A and The Edge.

For debt capital market (DCM), Maybank Kim Eng was ranked second for Bloomberg’s ASEAN Domestic Bonds league table, third for Bloomberg’s ASEAN Loans Book Runner league table, and retained a top three position in the global sukuk market.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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