13 November 2010

Maybank is going to 'EAT' OSK?

Financial Daily recently reported that Maybank is going to take-over OSK Holdings Bhd as Maybank was said to be continuously seeking opportunities. Although, both Maybank and OSK reply to Bursa Malaysia's query, both parties have neither denied nor confirmed the opportunities. And now, let us look at the possible acquisition.

What makes OSK attractive?

  • Good track record of rapid growth, which offers a wide spectrum of financial, advisory and investment services.
  • Already operating in Malaysia, Singapore, Hong Kong and Shanghai.
  • One of the pioneers in local broking industry with 450 remisiers and 300 company dealer's.

    What's in-store for Maybank?

    • Maybank had explicitly wanted to expand regionally, especially on investment banking services.
    • Regional equities broking was always in Maybank's radar.
    • And, main weakness of Maybank now was its fund management arm, in which, OSK is famous of.
    If this is true, Maybank is heading in a right direction, by 'eating' OSK, to compliment with its aim to expand regionally and addressing its main weakness.

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