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Largest bank in Malaysia in terms of total assets (RM765.3 billion), total loans (RM485.6 billion) and deposits (RM502.0 billion), net profit (RM7.52 billion) for financial year ended 31 Dec 2017 and market capitalisation (RM105.7 billion) as of 31 Dec 2017.
Leading provider of consumer, SME and wholesale banking services, as well as insurance and Takaful products.
No. 1 in overall market share for Total deposits (18.4%), Unit Trust loans (51.1%), Retail savings (28.2%), Demand deposits (18.3%) and CASA (24.5%) as of 31 Dec 2017.
2. Emerging regional financial services leader
One of the Top 5 banks in ASEAN in terms of total assets (USD189 billion), total loans (USD122 billion) and deposits (USD130 billion), net profit (USD1.75 billion) for financial year ended 31 Dec 2017 and market capitalisation (USD29.0 billion) as of 31 Dec 2017.
Presence in all 10 ASEAN countries (including Maybank Kim Eng); and over 2,400 branches and offices in 20 countries.
3. Growth prospects in three home markets
Our three home markets are expected to continue seeing stable growth. Malaysia's economy is expected to grow at 5.1% in 2018 on private and net external demand growth.
Singapore's 2018 GDP growth is expected to remain stable at 3.5%, on stronger services and construction sector growth.
Indonesia's economic growth is expected to remain stable at 5.3% in 2018 on sustained consumer spending, increased infrastructure spending and pick up in foreign direct investments.
4. ASEAN Outlook and Opportunities FY 2018
ASEAN's Investment Revival - A Key Theme in 2018
The export rebound will catalyse a stronger private investment recovery in export-oriented countries as companies are likely to expand capacity in machinery and equipment to meet rising demand (Fig. 1). Private investment growth has slumped across ASEAN in recent years, growing + 1.7% in 2013-2016 versus + 11.5% in the pre-global financial crisis period (2003-2007).
Historically, sensitivity of consumption to exports is highest for Singapore, Malaysia & Thailand (export-oriented economics) and lower for Indonesia and the Phillipines (more domestic driven) (Fig. 2). Ratio of private to public investment is high in Singapore (at 3.4x), Thailand (2.7x) and Malaysia (2x).
Corporate leverage ratios have been relatively stable in ASEAN over the years and should not impede the investment recovery. Excluding Singapore (an international financial centre), ASEAN-4's corporate debt is 37% of GDP, increasing by a modest 4 percentage points over the past 9 years since 2008.
Lead indicators for investments - including capacity utilisation, terms of trade, PMI meetings, business loan growth, imports of capital goods and corporate sentiments - generally point to a capex recovery. Meanwhile in Malaysia and Phillipines, capacity utilisation has climbed to historical highs.
Global Tech Titans Expanding into ASEAN
Fast growing e-commerce activities are disrupting traditional brick and mortar consumer businesses.
High penetration rates of e-commerce retail sales in more established markets like China (19% of total), Korea (20%) and the US (10%) suggests that ASEAN is still in the early phase of disruption from online competition.
This suggests that the share of ASEAN e-commerce sales could readily double and approach 10% over the next 5 years.
5. Creating Sustainable Value Through Our Maybank 2020 Strategic Objectives
Staying true to our mission of Humanising Financial Services, Maybank is focused on two imperatives to create sustainable value to the communities we serve.
Maximise our potential in ASEAN, a region with a burgeoning middle class, large young population and opportunities in the under-banked segment as well as growing trade activities from the ASEAN Economic Community (AEC). We aspire to bring financial services to everyone in ASEAN, while also partnering with our clients who would want to grow their businesses across the region.
Meeting the ever evolving customer needs by continuously transforming ourselves through digital innovation to better serve our customers in a fast, simple and efficient manner.
The imperatives define our strategy to be the top ASEAN bank, which is digitally empowered to serve customers and is executed through our current 5-year strategic plan, the Maybank 2020 strategic objectives:
6. High dividend payout and robust capitalisation
Maybank consistently rewards shareholders with dividends in excess of policy of 40-60% Dividend Payout Ratio while preserving capital through the introduction of the Dividend Reinvestment Plan (DRP).
In FY2017, Maybank issued a gross dividend of 55 sen per share which consisted of 23 sen cash portion and 32 sen electable portion for the Dividend Reinvestment Plan.
The DRP will continue to be an integral part of Maybank’s strategy to preserve equity capital whilst providing healthy dividend income to shareholders.