Maybank 60th Annual General Meeting Y2020

First time I attended Maybank Annual General Meeting online on 26th June 2020 10AM.
Due to Covid-19, Maybank Annual General Meeting is conducted online. Maybank gaves very clear instruction on how to participate in its first AGM.

Maybank Online AGM via Tricor Online

At first must register with Tricor and participate in the Maybank AGM.

tricor online for annual general meeting
tricor online for annual general meeting
tricor register for maybank annual general meeting
tricor register for maybank annual general meeting

Maybank First Online AGM

Starts of the meeting was opened by the chairwoman and followed by greetings from board members.

maybank 60th annual general meeting board members
maybank 60th annual general meeting board members

Key Highlights FY2019 Performance

  • Net Operating Income increases 4.6% YOY
  • Low single digit overheads growth 2.8% YOY
  • New record high net profit of RM8.2 billion
maybank 60th annual general meeting solid FY2019 performance
maybank 60th annual general meeting solid FY2019 performance

Macroeconomic Headwinds

  • US-China trade war
  • Slower economic growth globally and regionally
  • Political uncertainties
  • Low interest rate environment
  • Asset qualities weakness
maybank 60th annual general meeting macroeconomic headwinds
maybank 60th annual general meeting macroeconomic headwinds

Key Highlights Q1 FY2020 Performance

  • Net operating income grew 14.7% YOY
  • Higher loan provision (LLP) of 59.2%
  • Net profit up 13.3% YOY to RM2.o5 billion.
maybank 60th annual general meeting Q1 FY2020 performance
maybank 60th annual general meeting Q1 FY2020 performance

Moving Forward FY2020 – Digital Solutions

  • MAE to be Shariah compliant
  • GrabPay can directly link with Maybank2u
  • Online ASB Financing
maybank 60th annual general meeting digital solutions
maybank 60th annual general meeting digital solutions

Sustainability & Community Development

Some highlights on sustainability & community development.

  • CashVille Kidz – financial education for kids
maybank 60th annual general meeting sustainability and community development
maybank 60th annual general meeting sustainability and community development
  • Maybank Foundation community investments in all 10 ASEAN countries
maybank 60th annual general meeting sustainability and community development
maybank 60th annual general meeting sustainability and community development

Questions from Shareholders

Most questions are regarding Covid-19 impact to Maybank performance & its dividend policy.

Maybank CEO explained that it is hard for Maybank to gauge the impact but the dividend policy remains around 60% of net profit.

Shareholders also ask whether Maybank gives any goodies for online AGM as physical AGM, Maybank provides goodies.

Maybank CEO informed that Maybank will bank in RM50 to every shareholders who attended the 60th AGM to their MAE e-wallet.

Conclusion

Good insight on Maybank performance on the meeting and Maybank plans to do more digital solutions moving forward to mitigate Covid-19 impact.

A bit sleepy though this online AGM as you need to be in front of computer for hours.

 

Warren Buffet Investment Portfolio By Industry

Warren Buffet is well known investors. He is the most successful investor in the world. He has a net worth of USD70.5 billion as of April 2020. He is chairman and CEO of Berkshire Hathaway.

For Malaysian, to ride on directly Warren success by buying his company shares or his invested companies, it is not straight forward as we need to open up a brokerage account that have access to US market and need bigger fund vs invest in Bursa Malaysia.

If you are smaller investor like me and still prefer investing in Malaysia, maybe the companies industry he invests in can be our guidelines which industry we should focus on.

List of Industries That Warren Buffet Invested In

Banks or Financial Institution

  • Bank of America
  • Wells Fargo
  • American Express
  • US Bank Corp
  • Visa
  • Mastercard

Consumer Goods

  • Coca Cola
  • Kraft Heinz
  • Mondelez
  • Procter & Gamble

Insurance

  • Globe Life
  • The Travelers Companies

Retails

  • Cotsco
  • The Kroger
  • Amazon

Drug Manufacturers

  • Johnson & Johnson
  • Biogen
  • Teva Pharmaceutical

Media

  • Liberty Global
  • Sirius

Oil & Gas

  • Phillips 66
  • Suncor

Quotes from Warren Regarding Companies That He Invests in

Startups are not our game. (Many of Berkshire Hathaway’s largest holdings are well over a century old; American Express, Wells Fargo, Procter & Gamble, and Coca-Cola were started in 1850, 1852, 1837, and 1886, respectively

References:

https://www.investors.com/research/warren-buffett-stocks/
https://www.gurufocus.com/guru/warren+buffett/current-portfolio/portfolio

How To Pay Outstanding Purchases At Maybank Stocks Online Trading Platform

Recently, I bought shares using Maybank Stocks Online Trading Platform. After purchasing the shares, I didn’t know how to pay for my purchases.

When I googled, I coudn’t find any useful help or information on how to make payment of my outstanding purchases. At the end, I had to make a call to Maybank call centre and get help.

According to Maybank, I must contact my stocks dealer to settle the payment via Maybank2u and my stock dealer informed me step by step on how to do it.

Before follow my steps, better call your dealer first. If you don’t know or remember your dealer phone number, you can contact Maybank help line (03 2297 8888) and they will provide you the dealer name and contact.

Steps to make payment on Outstanding Purchases

  1. Login to Maybank2u
  2. Select Pay & Transfer
  3. Select New Payment
  4. Select Maybank Investment Bank Berhad
  5. Enter your trading account number in “Trading Acct. No.”
  6. Enter your “Bill Reference No.”. Fill in:-
    • TRUST  – you will be transferring your money in Maybank Investment Bank account. (your trust account will be tagged with your trading account)
maybank2u payment to maybank investment bank
maybank2u payment to maybank investment bank
  1. Inform your dealer and share the receipt.

Remember to check that your Outstanding Purchase is cleared after the payment.

 

Dividend Yields Comparison Between Malaysian Banks

BanksDividend Yield (%)PEROE (%)
Affin Bank3.236.315.23
Ambank6.336.138.47
BIMB4.657.846.23
CIMB8.118.736.23
Hong Leong Bank3.7610.849.64
Maybank7.2310.8010.05
Public Bank4.7710.7812.64
RHB Bank9.638.383.95
Average5.968.737.81

Analysis

  1. CIMB has the highest dividend yield but low ROE and whether the dividend yield is sustainable in the long run.
  2. Maybank has 7.23% dividend yield which is commendable with ROE of 10% but with higher than average PE.
  3. Ambank has 6.33% dividend yield with PE of 6.13 which is below average which is good and above average ROE.
  4. Public Bank has highest ROE of 12.64 means it is very efficiency in using its capital vs other banks but it has very low dividend yield.

Conclusion

Based on the numbers, without evaluating its long term business, I would buy Ambank it has 6.33% dividend and take only 6 years to recover the capital.

However on safe side, it is better to buy Maybank shares as it is innovative in digital area for example first to introduce online banking and digital payment which I think is the new disruption in banking sector.

Notes

Total dividend amount declared for financial year ended 2018-12-31

  • Bank Islam
  • Affin Bank
  • CIMB
  • RHB Bank
  • Maybank

Total dividend amount declared for financial year ended 2019-03-31.

  • Ambank

Total dividend amount declared for financial year ended 2019-06-30.

  • Hong Leong Bank

source: MalaysiaStock.biz