Citigroup 花旗：马来西亚－银行业深度研究

13 March 2007 | 42 pages

Malaysia Banks: December 2006 Quarter　Results Analyzer

Good Set of 4Q06 Results, Expect Another Good Year Ahead　　Citigroup Global Markets | Equity Research

Contents
Malaysia Financials Valuations Summary as at 12 March 2007 3
Malaysia Banks Financials at a Glance, December 2006 4
Results In Brief 6
AMMB (AMMB.KL - RM3.38; 1L) 8
Bumi Commerce (BUCM.KL - RM9.75; 1L) 12
Maybank (MBBM.KL - RM12.50; 1L) 16
Malaysian Plantations Bhd (MPBM.KL - RM2.65; 1L) 20
M Plant: Key Earnings Trends 21
Public Bank (PUBM.KL - RM9.00; 3L) 24
RHB Capital (RHBC.KL - RM4.62; 2L) 28
Quants Screens: MY Banks in Glamour Quadrant 32
Pairs Strategies: Switch to Maybank, out of Public 37
Appendix A-1 39