Maybank Kim Eng Collaborates with South Koreas Daishin Securities To Expand Equities Footprint In Asia

Stocks and Financial Services Press Releases Thursday December 1, 2016 10:51
Bangkok--1 Dec--Maybank Kim Eng

Maybank Kim Eng announced today that it is collaborating with Daishin Securities, one of South Korea's top tier brokerage firms, to expand its equities footprint in Asia and to provide its clients with access to the South Korean stock market.

Maybank Kim Eng Group Chief Executive Officer, Dato' John Chong said: "We are pleased to collaborate with Daishin Securities to provide our clients access to South Korea's deep and diverse stock exchange, which is the 6th largest in Asia and 11th largest in the world by market capitalisation as at end November 2016. South Korea is a world leader in consumer electronic products innovation, particularly for mobile communications and televisions. It is also a key global player in the automotive industry, and Korea Stock Exchange is home to many of these companies. As ASEAN's investment bank, we not only bring investments into ASEAN, we are also constantly seeking out investment ideas and opportunities for our ASEAN clients within and beyond the region.

He added, "Maybank Kim Eng currently has the largest equities franchise in ASEAN and this collaboration will widen our footprint in North Asia. Together with our partnerships with Taiwan's Cathay Securities, Japan's Mizuho Securities, as well as our presence in Hong Kong, we now have a comprehensive coverage of the key capital markets in Asia. We will continue to pursue this strategy of forming non-equity based alliances with strong partners to expand into new pertinent markets."

Maybank Kim Eng is the fully-owned investment banking arm of Maybank, one of Asia's leading banking groups and South East Asia's fourth largest bank by assets. The Maybank Kim Eng group of companies comprises businesses stretching around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Saudi Arabia, Great Britain and the United States of America. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research. A leader in many of the Asian markets that it operates in, Maybank Kim Eng has won numerous prestigious awards in the markets that it serves.


Latest Press Release

Isotropic Systems Raises $14 Million in Series A Funding Led by Boeing HorizonX Ventures to Advance Space-Based Connectivity

- Isotropic's approach to next-generation integrated terminal creates profound change in terminal economics and performance to unlock the satellite industry's full potential Isotropic Systems Ltd., the next-generation integrated satellite terminal...

Global economic growth expected to slow in 2019

The global economy as a whole is expected to slow in 2019 as G7 countries return to long-run average growth rates, according to new projections from PwC in its latest Global Economy Watch. PwC expects that the pick up in growth of most major economies...

QNB Group: Financial Results for the Year Ended 31 December 2018

QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2018. (Photo: https://mma.prnewswire.com/media/808498/QNB_Group_Head_Office.jpg ) Net Profit for the year ended 31...

CIMB THAI announces 2018 financial results with increased in operating income due to loan growth and lower gross NPL ratio. To fully move forward with Fast Forward program.

- Net interest income increased THB 544.3 million YoY mainly from loan expansion and higher interest income on investments. - Profit before tax of THB 271.2 million. - NPL ratio of 4.3% compared to 4.8% YoY due to more efficient risk management policies...

KTC decreases interest and usage fee to Bt. 199 for applying KTC PROUD Revolving Loan.

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited, helps lighten the loads of consumers' money usage by providing the special privilege to pay a lump sum of Bt. 199 for interest and usage fee for...

Related Topics