Anecdotal evidence such as "a friend of my friend of my friend once told me" aren't always reliable or scientifically accurate. And "many retired uncles who missed the bus to Genting Highlands" (we want to know how many uncles among the uncles, et cetera et cetera, real data). Please don't give financial advice to anyone here. Good news and *particularly bad news about Public Bank* should be welcome but with solid data.

@skc761103, when you wrote "Public bank is a truly a kampung bank, shame of its top management n board of directors..no bring any value add to it’s minority’s shareholder in terms of dividend n capital gain after tan sri teh" I totally agree with you. A bank is a bloody bank, a bloody bank, a bloody bank. If you ever feel that Public Bank is not worth investing in due to poor and old management, don't invest. Walk away and don't look back. You'll be happier and mentally healthier. It's already a plus if you're employed. Wish you a better future.

No one should respond. Keep your sanity, be cool. Anyone bleeding to dea*h because your share is down? If you've got heart attack because of it, this thing is not for you.

Hi @xiaoeh please do not respond to @metaverse for your own good. @meta* who said "Whether you all believe or not, my trading level is beyond master level as I can read beyond the future and stock market is more like a Kindergarten game for me as most of my opponents are really just like a kids who are too emo." displays delusions of grandeur (believing oneself to be superior to others) and delusions of having special powers (like seeing the future) can be symptoms of disorders such as schizophrenia or bipolar disorder. Seek professional help b4 too late. Now @meta* you can flag me.

Hi @skc7* If you invest some money in 0626.hk, unfortunate at this moment, but you will never know what 2025 will bring. To cut lost, hold, etc is entirely up to you.

I talked to "some guy" who claimed used to work in banking industry. The outcomes of the talk are something like this:
[1] banks are legally loan out a portion of their funds they get from investors etc (known as fractional reserve banking), or they will get penalty.
[2] A bank cannot entirely cease its operations due to a single loss in 2024 without facing significant legal repercussions; the whole shebang of law books will be thrown at the bank! I don't know whether I convey the message intact. This much I can do at this moment.

I wish you well.

@skc7** okay got you. I hope I could to talk to some "smart guy" over the weekend about this by asking these questions. I'm not that smart, but I could answer the third one:
[1] Why one branch (0626.hk) heavy loss has neutral impact on the bank (1295)?
[2] Why not shut down the operation of the branch (0626.hk)?
[3] Does the bank care about the well-being of its investors? If it does, why not return capital to minor shareholder?

It is too technical for me, ain't no banker. I try to get answer.

Someone wrote on this forum: "Whether you all believe or not, my trading level is beyond master level as I can read beyond the future and stock market is more like a Kindergarten game for me as most of my opponents are really just like a kids who are too emo." Uncle Koon once said: "你想买股票，你就买啦；你想卖股票，你就卖啊。别变成精神病啊。当心心理健康啊。" Take care of your mental health.

@skc761*, it had been warned: go find the report 'Hong Kong Banking Report 2024' , which can be found floating around the Internet. Early on, on 2024, banking experts expected Hong Kong's banking sector would not have a good year, 2024. Also read 'Neutral impact on Public Bank from HK unit performance' article. Find out the outcomes from branches in Cambodia and Vietnam. Go also find out reserve this bloody bank has - then make decision to hold or to sell. No point calling management lousy. It is your call - make decision to hold or to sell.

Pesky mosquito won't go away. @Meta** will be back and give us flags. If everyone claims master who gonna learn? In so bad a market, those who bought below 4.40 and way back when at or below 4.00 will still manage a smile. Good hunting 🙏

@mete** Wrote: "One or two persons flag my postings will not do any harm. It must be majority of them come out to vote me out then it is fair to kick me out of this forum or else just keep quiet and listen to the music."

Please be mindful/self-aware. Malaysians are generally nice people, and we take pride in our hospitality, we don't oppose openly as we view that impolite. However, even one or two flags in a forum can indicate that you are NOT WELCOME. We politely urge you to stop, please. Thanks.

Hahaha @troy88, sorry lah, the high risk here may not mean "high risk" from your understanding. I simply borrow from Andrew W. Lo when he refers to stocks that fluctuate a lot compared to fixed deposit (low risk). I'm not that smart in stock trading, sorry lah. But Gamuda now ups to 9.07!

Haha I ain't no @metaverse, don't know everything about Cape EMS and PCHEM *at once*, and insider trading is illegal, don't play play. No halo above my head to enlighten people, so sorry. The way market fall in around 1997 you think would happen again? I don't know, it might.

This stock moves a lot within days. Risk is high, reward also high.

@metaverse doomsday prophecy: "今天收 1588， 要来的终于来了：看图推演 (网页链接)，如果富时大马吉隆坡综合指数失守《第一防线1580》和《第二防线1552》，将引发恐慌性抛售，全面性股灾。" Now he can't unsaid. The Mayan calendar 2012 doomsday prophecy didn't materialize, but if it did, how one would view the calendar? @metaverse has many prophecies, just one of them has to be correct or partially correct, he will rule this forum. :-))

@Other_pundits said yesterday: "FBM KLCI falls for third day, weighed down by Tenaga, YTL stocks..."

@previous_data: We have been there before, FBM KLCI August 5 - 1536.48; August 6 - 1574.39

It is no longer 1997, bursa has since evolved to deal with crashes. Let's see how the market move next few days.

Staying at 9.08. @kancs3118 and @jenson68 (and others), your wish was granted today. Let's see how it unfolds tomorrow.

It shot up to 9.00 a moment ago. Now it lingers around 8.98 to 8.99. Someone is definitely pushing! And now back to 9.00!

Hahaha, the Calvin guy is gone, replaced by a Feng Shui master who seems to know everything-everyone at once, even the cleaners, with ears in every wall. I don't know what will replace the metaverse, but one thing's for sure, it will be someone even greater. Stay cool lah! The Extraordinary General Meeting is on November 28, 2024, received the email. The Q3 results should be announced around that date, and they should be good before the LPI acquisition. Hopeful lah!

Gamuda news: (November 7, 2024)
==================
[1] Proposed Bonus Issue of Up to 2,978,945,287 New Ordinary Shares In Gamuda ("Gamuda Share(s)" Or "Share(s)") ("Bonus Share(s)") on The Basis of 1 bonus share For Every 1 Existing Gamuda Share Held On An Entitlement Date To Be Determined And Announced Later ("Entitlement Date") ("Proposed Bonus Issue Of Shares") ==> this will decrease the share price

==========
[2] Renewal authority to buy back shares ==> this will increase the share price

=====
so, I think the fair price after "ex-date" should be lower than 4.00? Agree?

We're fighting against EPF. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) will start dispose shares. They may be (might be) a spoiler. My opinion only eh...

Hits 4.50 a moment ago, and KLCI ups about 20 points

Hi @calvintaneng, there are specific regulations in Malaysia that govern the recommendation of stocks (the rules are subtly complicated, you may read/research further yourself). Recently, stock recommendations by "experts" disappear from Saturday Star Paper, haven't you noticed. My humble "advice" is not to recommend any stock particularly in PBBANK forum. Furthermore, the stocks you recommended are from portfolio managers - we do not know what is their strategy. Stock's price is like FIAT money, it goes up and down daily, and who knows.... Let the forum members decide what to do with their PBBANK stocks, but cheerful news is generally welcome.

For the hopeful, since 26-06-2024, the stock price of PBBANK is uptrend: about price = 0.00768*day + 4.023674. So, if this trend continues, around September 23, the price "was" 4.50. This uptrend is independent of dividend/profit announcement. If the figures of the result are good, it can shoot up early. (Having said that, I have no plan to sell, so the numbers are meaningless for me.)

I think a paper by Lakonishok, Shleifer, and Vishny in 1992 has the almost complete description how institutional trading can impact stock prices, and therefore also describes the situation here: How KWSP milks your cows, sucks you dry, and after that pays their executives top ringgit, pays the KWSP's depositors a meager 5.5%. In short, KWSP needs investors like you to make money. What to do about it? Can someone here tells me?

KWSP is earning money from geniuses all over Malaysia who "invest" in share market. They're in buying spree lately. Some knuckleheaded geniuses here even suggested Pbbank's management is too old. Come on, that's why we invest in this bank, we want that conservatism, we don't want somebody like Sam Bankman-Fried run this bank. Do you know that at one time Sam Bankman-Fried's stint in a company held more capital than Pbbank? Do you know that at that time Sam Bankman-Fried put his accounting numbers in Excel sheets? KWSP needs a lot of us with misconceptions to make money - and after paying many percents to their executives, they still manage to put out 5.5% dividend. Where that money comes from?

The fluctuation of PBBANK shares has nothing to do with the bank, nor its dividend payout. Something to do with institutional players like KWSP/EPF. Look at the *Insider*. Example: On 29/2/2024, It disposed 7.7 million shares to pressure its price down to RM4.40 => Buy back in 5/3/2024 20 million share at RM4.32. They are gonna to do it until around ex date. If you keep the accounting, they would end up buying more in lower price, earn the dividend, then they they would start swing the price up, blah blah blah...

If we have enough "supporters" we can do something similar to "GameStop short squeeze." You know what I mean. But I ain't no support.

Bunch of geniuses here. Your good friend EPF/KWSP is the one earning money from your guys. Sell thousands, and sometimes millions, of PBBANK to pressure the price down, and when the price lowers to their target, buy back big time in many thousands or millions of shares. Earn dividend in the process as well. PBBANK and MAYBANK are two of their favorite golden geese, at your expense, of course. Why not just put your money back to KWSP if you want to go against EPF (no pun intended :).