Lbikeride

Lbikeride | Joined since 2024-03-08

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1 month ago | Report Abuse

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?

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1 month ago | Report Abuse

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?

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1 month ago | Report Abuse

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...

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1 month ago | Report Abuse

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.

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1 month ago | Report Abuse

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 :).