Maybank

Investor Relations

the group's Investor Relations activities continued to focus on effective engagement with the investment comunity through various comunication channels.

In 2012, the Group's Investor Relations Programme enhanced its mandate by strengthening communication with the investment community and financial markets. Specifically, the objective of our investor communications was to provide greater visibility on our domestic and regional business capabilities, and market outlook. One initiative arising from this was the introduction of the Maybank Investor Days which provided opportunities for investors to obtain more information on business sectors and engage with key leaders from respective sectors. In 2012, the Group conducted three investor days covering: Community Financial Services, Global Banking and Maybank Singapore.

Highlights

Analyst Briefings

As in previous years, the Group's half year and full year results was presented by Senior Management at media and analyst briefings, with conference call facilities for overseas participants. First and third quarters results are usually conducted via conference calls with investors. The results announcements, presentations and other relevant documents were made available on the corporate website.

In addition to the results announcements, management conducted a conference call briefing with investors following the Group's private placement exercise in October 2012. The focus of the call was to highlight the Group's objective for the exercise and expected benefits from the capital raising.

Key events Date
Results Announcement
Second Quarter FP2011 23 February 12
First Quarter FY2012 25 May 12
Second Quarter FY2012 16 August 12
Third Quarter FY2012 9 November 12
Other Events
Annual General Meeting for FP2011 29 March 12
Maybank Briefing on Private Placement Exercise 9 October 12
  2012 2011 2010
Results Announcement: Analyst briefings 2 2 2
Results Announcement: Teleconferences 4 2 2
Number of companies met (in-house meetings and roadshows) 251 238 233
Number of analysts/fund managers met (in-house meetings and roadshows) 332 325 281
Investor Day1 3 - -
Investor conferences & Non-deal roadshows 5 6 5

1 New initiative for 2012

In-House Meetings

Growing interest from the investment community has led to more requests for meetings with Senior Management. The Group met 332 analysts and fund managers from 251 companies, up 2.2% and 5.5% respectively from the year before.

Roadshows, Conferences and Investor Days

To provide a better understanding of the Group's performance, development and future direction, we took part in local and international conferences and roadshows, including high profile events such as:

At these events, Senior Management updated participants on the Group's performance, strategy and guidance for 2012. Maybank also conducted a non-deal roadshow in London and Edinburgh in November 2012, meeting with 27 fund management companies.

Venue Event Date Organiser
Kuala Lumpur Investor Day: Community Financial Services 8 March 2012 Maybank IR
Hong Kong Malaysia Corporate Day 14-15 March 2012 UBS
Kuala Lumpur Invest Malaysia Kuala Lumpur 2012 29-30 May 2012 Maybank Kim Eng
Kuala Lumpur Investor Day: Global Wholesale Banking 14 June 2012 Maybank IR
Singapore Investor Day: Singapore 3 September 2012 Maybank IR
Singapore UBS Asean Conference 3-4 September 2012 UBS
Hong Kong CLSA Investor's Forum 2012 10-12 September 2012 CLSA
London/Edinburgh Maybank Group Non-Deal Roadshow 12-17 November 2012 Maybank Kim Eng

AGM/EGM

Our 52nd Annual General Meeting was held on 29 March 2012.

Website

The Maybank corporate website at www.maybank.com recorded increased hits and queries from both local and foreign visitors. One important initiative was the development of the new corporate website, which was launched in early 2013.

Share Register Analysis

We conducted four Share Register analysis in 2012, where we obtained breakdowns of shareholders by profile, amount of shareholding, investment style and geographical location. This enabled better understanding of the Group's shareholders and facilitated the planning of investor programmes.

Credit Rating

As part of our policy of providing both stakeholders and the public with an independent view of the Group, we continued to maintain credit ratings with five rating agencies: RAM Ratings, Malaysian Rating Corporation (MARC), Standard and Poor's (S&P), Fitch Ratings and Moody's Investors Services.

Analyst Coverage

As at December 2012, Maybank was covered by 30 research houses, with additional coverage by Daiwa Capital Markets, Morgan Stanley and Standard Chartered Bank. During the year, broader coverage by local and foreign sell-side equity research houses reflected greater interest in the Group.

No. Research House No. Research House
1 Affin Securities 16 HwangDBS Vickers
2 Alliance Research 17 JP Morgan
3 AmResearch Sdn Bhd 18 KAF Seagroatt & Campbell
4 BNP Paribas 19 Kenanga Investment Bank
5 BOA Merrill Lynch 20 Macquarie
6 CIMB 21 MIDF Research
7 Citigroup 22 Morgan Stanley
8 CLSA Asia Pacific 23 Nomura Securities
9 Credit Suisse 24 OSK Research
10 Daiwa Capital Markets 25 RHB Research Institute
11 Deutsche Bank 26 Standard and Poor's
12 ECM Libra Avenue 27 Standard Chartered
13 Goldman Sachs 28 TA Securities
14 Hong Leong Investment Bank 29 UBS Securities
15 HSBC 30 UOB Kay Hian

Analyst Recommendations

We received 15 Buy calls compared to 14 last year and Maybank's average target price was raised from RM8.96 to RM9.62, an increase of 7.4%.