Maybank Investment Banking Group

We are honoured to help arrange the primary placement of 263 million units in Axis Real Estate Investment Trust (“Axis-REIT”) that successfully raised RM449.73 million. Maybank Investment Bank acted as the sole principal adviser, joint placement agent, and joint bookrunner for this fundraising exercise. This is the largest Shariah-compliant Malaysian REIT placement, and the largest placement by Axis-REIT since its listing on Bursa Malaysia 19 years ago. A sector pioneer with a stable track record, Axis-REIT was the first property trust to go public in Malaysia back in 2005, and it has shown the strongest growth since its initial public offering among Islamic REITs in the country. Ching Ean Chew, Maybank’s Managing Director of Client Coverage, said, “We are proud to be driving this milestone transaction. The oversubscription by quality long-term investors and successful execution demonstrates solid investor confidence in Axis-REIT’s track record. It is another testament to Maybank Group’s leading position in Islamic finance.” We thank Axis-REIT for the opportunity and look forward to further collaborations. #MaybankIBG #EquityFundRaising #MalaysianREIT

Congratulations to TMK Chemical Bhd. on this milestone in your journey towards being listed on the Main Market of Bursa Malaysia! Maybank Investment Bank is honoured to support you as Principal Adviser, Sole Bookrunner and Sole Underwriter of this IPO, representing another chapter in our strong relationship over the years. The retail offering of the IPO is now open for subscription and will close at 5:00pm MYT, 29 November 2024. https://lnkd.in/gkwBG-tC #IPO #BursaMalaysia

🇲🇾 Congratulations to Bank Rakyat Malaysia for the issuance of its maiden RM500 million ASEAN Sustainability SRI (Sustainable & Responsible Investment) Sukuk! Maybank Investment Bank is proud to act as the Joint Lead Manager and Facility Agent, while Maybank Islamic is the Shariah Adviser. The issuance is based on the Shariah principle of Wakalah Bi Al-Istithmar, from Bank Rakyat’s existing RM10 billion Sukuk Wakalah Programme. Michael Oh-Lau, CEO of Maybank Investment Bank said, “This inaugural issuance has attracted overwhelming interest. The sustainability offering appealed to investors given its scarcity and growing focus on sustainability investments.” As an agency of the Ministry of Entrepreneur and Cooperatives Development, Bank Rakyat is the biggest Islamic co-operative bank in Malaysia. Read more about the deal in Bernama - https://lnkd.in/g9heHDt5 #SustainabilitySRIsukuk #SustainableFinance #MaybankGlobalBanking

✨ It’s a proud Moment for Maybank Securities Singapore! ✨🇸🇬 We are thrilled to announce that the CEO, Aditya Laroia has been honoured as Executive of the Year – Investment Banking at the SBR Management Excellence Awards 2024! This recognition reflects Aditya’s exceptional leadership and dedication to driving innovation in the financial services industry. It is a testament to the collective efforts of our team in supporting his vision and continuously raising the bar for excellence. Well done to Aditya and our team in Singapore! Here’s to continuing our journey of growth, success, and making a positive impact together 🌟 Images: Aditya; COO, Young Lim accepting the award on Aditya’s behalf at the awards ceremony; and Maybank Securities management team #MaybankSecuritiesSingapore #InvestmentBankingLeadership #MaybankGlobalBanking

🇹🇭 At Maybank Securities Thailand’s “Outlook: Where Policy Meets Progress" event, we had the honour of hosting Khun Pichai Chunhavajira, Deputy Prime Minister & Minister of Finance, as the guest speaker. This marks the first time that investors had the opportunity to meet with the minister in person and discuss the country’s economic priorities and progress. ✅ While some key policies such as the digital wallet are short-term, Khun Pichai says they are critical to address the economic slowdown. ✅ Cognisant of maintaining fiscal discipline, he expects the budget deficit to fall below 4% of GDP (level for FY25E budget) to keep government debt to GDP below 70% (vs 65% now). ✅ Longer-term, the government has to do tax reforms, with more spending going towards the low income segment via social programmes. ✅ There are plans to re-energise foreign direct investments, with incentives for R&D and human capital development, and to court Chinese investors such as in battery-making. Read the report by our Thai Head of Equity Research, Chak Reungsinpinya on the discussion takeaways with Khun Pichai - https://lnkd.in/g8V6H-TQ Image L to R: Netita Krabuanrat, Arapat Sangkharat, Khun Pichai Chunhavajira, Chak Reungsinpinya, and Mei Suen Wong of Maybank Securities #MIBGresearch #ThailandEconomy #MaybankGlobalBanking

Investors are bracing for more volatile markets ahead after Donald Trump made a strong comeback with his U.S. election victory earlier this month, with his Republican party gaining control of both the Senate and the House of Representatives. The odds are rising that the Trump administration will unleash “shock and awe” policies, such as tariff changes, following the president’s inauguration on 20 Jan 2025. How will these affect trade-reliant ASEAN? Where are the opportunities? Join our special webinar with Maybank Investment Banking Group’s Regional Co-Head of Macro Research, Hak Bin Chua, Head of Regional Equity Research, Anand Pathmakanthan, and Maybank Securities Singapore’s Head of Equity Research, Thilan Wickramasinghe to discuss the impact of Trump as US President, and investment themes for ASEAN going into 2025. Date: 21 November 2024, Monday Time: 12:00 – 1:15pm GMT+8 (SGT) Zoom Webinar Register here: bit.ly/MIBG_macro #MIBGresearch #Trump #ASEANoutlook

🇲🇾Congratulations to Wasco for establishing its maiden Sustainable & Transition Finance Framework, the first of its kind in ASEAN, and executing its first sustainability-linked loan amounting to USD25 million under this Framework. The Framework is pioneering in ASEAN because it specifies sustainability-linked format, aside outlining use of proceeds, and is aligned with the Technical Screening Criteria of the latest ASEAN Taxonomy for Sustainable Finance (Version 3), and International Capital Market Association (ICMA) Climate Transition Finance Handbook. Maybank Investment Bank acted as the Sole Sustainability Adviser, while Maybank in Singapore is the sole lender. Michael Oh-Lau CEO of Maybank Investment Banking Group said, “This Framework provides clarity and confidence to Wasco and banks to finance decarbonisation initiatives. We are proud to collaborate with Wasco in developing solutions and contributing towards greening supply chains in the energy sector.” Well done and thank you to all parties involved! Read more about Wasco’s Sustainable & Transition Finance Framework in The Star - https://lnkd.in/gFmwifg5 #TransitionFinance #MaybankGlobalBanking #HumanisingFinancialServices

🇸🇬 Led by the banks, the #STI had rallied to a 17 year high, with Singapore emerging as the best performing market in the region year-to-date. Thilan Wickramasinghe, Maybank Securities Singapore’s Head of Research, was on MoneyFM to discuss the direction of the market, as well as selected REITs, and Grab’s prospects after the ride-hailing and delivery services provider returned to profitability. Tune in to his conversation with Tian Tian C. here: https://lnkd.in/gQ-YQKK8 Image – chart credit: SGX #MIBGresearch #Grab #SingaporeREIT

Crude Palm Oil (CPO) prices have climbed to a new record high in 2024, rapidly rising above RM5,000/tonne over the past month due to supply shock. The tight supply was driven by Indonesia’s failed crop, which unexpectedly extended into the third quarter of this year. Indonesia’s crop was surprisingly poor due to biological tree rest and the lagged impact of a mild El Nino in the third quarter of 2023. The market expects this supply tightness scenario to last till early 2025, offering short-term trading opportunities within our 12-month “Neutral” sector call. We have raised the projected average selling price for crude palm oil to RM4,200/tonne in 2024, and RM4,000/tonne in 2025 following recent price rallies. ➡️ To get more details, download our report from Maybank Trade MY or SG App. #MIBGResearch #EquitiesTrading #CrudePalmOil

Join Maybank Securities Singapore for an online webinar with telco player, Singtel’s Managing Director of Group Finance Gan Siok Hoon. She will share the company’s new growth plan called Singtel28 (ST28) to deliver a blend of growth and dividends. Singtel remains an interesting stock, with its share price gaining +38% year-on-year, and returning to its pre-Covid high. It has been able to navigate elevated competition, emerging as one of the key players in the data centre space. It also holds quality assets in ASEAN and India, while seeking to crystalise value from its associate companies. Hussaini Saifee, our analyst has set a target price of S$3.70, indicating a further +15% upside. What will contribute to this potential upside? How will Singtel continue to fend off new entrants and capture more value from its overseas investments? How does it see its investments in data centres evolving? Find out at our webinar on 15 November, 12-1pm, two days after Singtel releases its 1HFY25 results. Register here to secure your spot - bit.ly/MSSG_SINGTEL #MaybankSecuritiesSingapore #Singtel #SingaporeInvestorEducation