Maybank going to give goodies ?
Yesterday came the same news again for Maybank in Financial Daily: Malayan Banking Bhd (Maybank) is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa , which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least US$1bn, two sources said. It would have a bigger market value than insurance peer Syarikat Takaful Malaysia Bhd, which is valued at about US$700m. As part of the transaction, Maybank's investors are expected to receive shares in the insurance company in proportion to their existing holding in the bank, the sources said, adding that no new money is expected to be raised in the listing. (Financial Daily) The same news came on 2014, it's has been 4 years since last updated but never materialized. During these 4 years, Maybank stock price went through 2 major cycle. Down from $9+ to $7+, then up again from $7+ to today'