Maybank Kim Eng: Growing alongside Vietnam

Created On: 01/10/2019 08:57:45

At the technical assistance agreement signing ceremony between SSC and Maybank Kim Eng. Photo: Maybank

In Vietnam since 2008, the firm offers a full range of financial services, including brokerage, internet and mobile trading and research, investment banking, and corporate finance advisory services.

Among the foreign-invested enterprises presented with a Golden Dragon Award by Vietnam Economic Times on April 8, Maybank Kim Eng Securities Limited (Maybank Kim Eng Vietnam) is one of the largest foreign-owned investment banks and stockbroking houses in Vietnam and was the first 100 per cent foreign held brokerage firm licensed by the State Securities Commission (SSC).

Local expertise with global reach

Maybank Kim Eng Vietnam is a member of the award-winning Maybank Kim Eng Group, one of the strongest investment banks in ASEAN. Deeply entrenched in the markets in which it has a presence, Maybank Kim Eng has been supporting the growth of ASEAN corporates for over 40 years and boasts the largest equities franchise in the bloc.

Most recently, the Group signed strategic cooperative arrangements with top-tier brokerages - Taiwan’s Cathay Securities, Japan’s Mizuho Securities, and South Korea’s Daishin Securities - to widen its footprint in North Asia. Together with its presence in Hong Kong, Maybank Kim Eng now has comprehensive coverage in key capital markets in Asia.

Maybank Kim Eng Vietnam can tap into the Group’s widespread network to link local clients with ASEAN opportunities and at the same time introduce Vietnam’s stock market to foreign investors, which in turn will help to attract foreign direct investment to the country.

Deep local insight with regional perspective

Maybank Kim Eng Vietnam is backed by a strong research team, which covers the Top 60 companies on the Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), representing around 80 per cent of the market cap. The research team was voted Best Research Coverage in Vietnam for the Industrials Sector in the Asiamoney Brokers’ Poll in 2016.

Regionally, Maybank Kim Eng Group’s on-the-ground research team provides thematic, in-depth country analysis and bottom-up reports on 500 listed public corporates across eight countries: Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Hong Kong/China, and India. The award-winning research team was recently voted among the Top 10 in Regional Research by global fund managers in the Asiamoney Brokers’ Poll in 2016.

Supporting the development of Vietnam’s securities and capital market

Maybank Kim Eng Vietnam has also been active in promoting the progress of Vietnam’s securities market.

In 2016, it renewed its Cooperation and Technical Support Framework Agreement with the SSC to advance the sustainable growth and long-term development of Vietnam’s capital market. A continuation of the collaboration forged in 2013, the three-year agreement sets out the collaboration to develop Vietnam’s securities market to elevate its status to an MSCI Emerging Market. This includes the sharing of best practices and standards on areas of risk management and controls, corporate governance and compliance, product development, and standard accounting and reporting systems.

Leveraging the Group’s deep investment banking and advisory expertise, Maybank Kim Eng Vietnam has been steadily building up its local investment banking team to support the rise in funding activities in Vietnam. Recently, the firm’s work on Vingroup’s $300 million term loan facility was named Best Syndicated Loan in Vietnam in The Asset Triple A Country Awards 2016 (Southeast Asia). Maybank Kim Eng Vietnam was also mandated as the lead arranger for Saigon Beer, Alcohol and Beverage Corporation (Sabeco)’s recent listing on HoSE, in December 2016.

Maybank Kim Eng Vietnam’s professionalism and quality of services have received strong recognition and endorsement from the industry. It has won many prestigious awards, such as Vietnam Economic Times’ Golden Dragon Award (2011 to 2016) and Best Retail Broker by Alpha Southeast Asia from 2011 to 2015. In 2016, Maybank Kim Eng Vietnam was named Best Brokerage by The Asset Triple A Country Awards 2016 (Southeast Asia). Regionally, the Maybank Kim Eng franchise was named Best Broker in Southeast Asia (2014 and 2015) and Broker of the Decade in Southeast Asia by Alpha Southeast Asia.

About Maybank Kim Eng Group

Maybank Kim Eng is the fully-owned investment banking arm of Maybank, one of Asia’s leading banking groups and Southeast Asia’s fourth largest bank by assets. The Maybank Kim Eng Group comprises businesses stretching around the globe, with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, the Philippines, India, Vietnam, Saudi Arabia, the UK, and the US. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt markets, equity capital markets, derivatives, and 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 it serves.

(www.maybank-ke.com)

Maybank - Humanising Financial Services

Maybank is among Asia’s leading banking groups and Southeast Asia’s fourth-largest bank by assets. The Maybank Group has an international network of 2,400 offices in 19 countries: Malaysia, Singapore, Indonesia, the Philippines, Brunei Darussalam, Vietnam, Cambodia, Thailand, Hong Kong SAR & China, Bahrain, Uzbekistan, Myanmar, Laos, Pakistan, India, Saudi Arabia, the UK, and the US. The Group offers an extensive range of products and services, which includes consumer and corporate banking, investment banking, Islamic banking, stock broking, insurance and takaful (a type of Islamic insurance), and asset management. It has over 43,000 employees serving more than 22 million customers worldwide. (www.maybank.com)

by Nguyen Quoc