Malaysia’s banks posted lackluster 1Q19 earnings with more misses than hits, as net interest margins fell and capital markets slowed, Maybank IB said.
RHB downgraded Maybank to Neutral from Buy after its first quarter results missed expectations on higher provisions and subdued operations.
These are Singapore companies which may be in focus on Friday, 26 April 2019: SGX, Venture, Hyflux, Starhill Global REIT and Wilmar.
Hyflux said Thursday its troubled Tuaspring plant received a letter from Maybank declaring immediately payable nearly S$600 million.
Hyflux said Friday creditor Maybank terminated its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect.
Nomura upgraded Malayan Banking, or Maybank, to Buy from Reduce, saying it is turning positive on the stock. ”While the stock price is up 22…