(Kuala Lumpur, 11th) AsiaTong $AXIATA (6888.MY)$ and Sinar Mas Group from Indonesia have officially reached an agreement to merge their respective telecommunications companies in Indonesia, XL AsiaTong, Smartfren Telecom (Smartfren), and Smart Telcom (SmartTel), becoming one of the country's three telecommunications giants.
According to the press release, the merged telecommunications company will be named PT XLSmart Telecom Sejahtera Tbk (XLSmart), with XL AsiaTong as the main entity, and will maintain its listing status in Indonesia. Smartfren and SmartTel will be dissolved.
The above-mentioned merger transaction prices XL AsiaTong at 2350 Indonesian rupiahs per share (about 65.5 cents), according to Bloomberg, this equates to valuing XLSmart at 6.5 billion USD (approximately 28.7 billion 60 million Ringgit).
Yatong stated that the total customer base served by XLSmart is 94.5 million people, accounting for approximately 27% of the PT Telekomunikasi Indonesia market.
According to calculations, after expanding the scale, XLSmart's total revenue is 45.4 trillion Indonesian Rupiah (approximately 12.645 billion Ringgit), and the earnings before interest, taxes, depreciation, and amortization (EBITDA) are 22.4 trillion Indonesian Rupiah (approximately 6.240 million Ringgit).
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$99SMART (5326.MY)$
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😊Hi, Malaysian mooers!
Malaysia Airports is estimated to release its next earnings report on May 30. How will the market react to the company's quarterly results? Vote your answer to participate!
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$LAGENDA (7179.MY)$ MACC arrests managing director to assist investigations into Malay reserve land fraud MACC arrests managing director to assist investigations into Malay reserve land fraud [NSTTV] | New Straits Times

Greetings, Mooers!
April was a whirlwind for U.S. stock markets, and our Moomoo Community has been right in the thick of it, sharing their triumphs, strategies, and insights. Reflecting on a month marked by volatility, let's celebrate our community's popular UGC that helped many navigate the choppy waters of options trading.
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$MAYBANK (1155.MY)$
The contribution of Islamic banks increased, and Bank of Malaysia's net profit rose 10% to earn 2.5 billion
The increase in Islamic banking business and other operating revenue contributed to a 9.85% year-on-year increase in MAYBANK (MAYBANK)'s net profit for the first quarter of fiscal year 2024 to RM2,48,472,000.
Revenue for the quarter ending March 1 was recorded at RM18.346.63 million, an annual increase of 20.81%.
Bank of Malaysia's net interest income for the first quarter fell slightly to RM3.154 billion from RM3,228 billion in the same period last fiscal year, mainly due to increased financing costs in the local market, and net interest earnings (NIM) fell 19 basis points year over year.
Due to strong growth in loans from Malaysia, Singapore and Indonesia in major markets, total loans increased 11% in the first quarter; total deposits expanded 8.9%.
In addition, the bank's insurance/Islamic insurance business had net revenue of RM182 million, compared with a net loss of RM8 million in the previous period.
The revenue of Islamic banks increased to RM2,090 billion, compared to RM1,791 billion in the previous period.
Financial asset appreciation
Meanwhile, other operating income increased to RM2,868 billion, an increase of 66.8% compared to the previous RM1,719 billion, mainly due to an increase in the value of some financial assets.
These include higher unrealized returns brought about by the fair value measurement (FVTPL) revaluation of financial liabilities and financial investments, as well as increases in investment income and fee income.
This silver...

😊Hi, Malaysian mooers!
MAYBANK is set to release its next earnings report on May 24. How do you think the market will react to the company's quarterly results? Cast your vote to participate!
(Vote will close on 16:30 MYT May 24)
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$Ultra U.S. Treasury Bond Futures(JUN5) (UBmain.US)$
Liquidity is What Moves Markets
Investors worldwide pay very close attention to the Fed whenever they speak. They are searching for any inkling of a clue into future policy decisions. Ultimately, they are looking for the one thing that moves markets, and that would be liquidity.
Will they decrease interest rates? Will they add assets to their balance sheet? Will the Federal Reserve pump liquidity into the ...