Feel good election rally!

Check it out, if wanted the CI to hit at least 1800 how much Maybank needed to be??

Mother is good. C24 great!

Election budget. DONE

Bull run of index linked GLC. IN PROGRESS

Starting with Maybank.

Short covering panic buying.

Beyond 8.00 by end November after 3rd QR.

Beyond 8.00 by end November after 3rd QR.

Beyond 8.00 by end November after 3rd QR.

Bank Maybank Indonesia Tbk has good results.

No shorting of Maybank today.

“We are optimistic to be able to conclude the financial year of 2016 with commendable results whilst at the same time maintain the view of continued challenging market conditions for the remaining year.”

“We intend to step up our involvement in financing of infrastructure projects and continue to grow our SME portfolio in line with the government’s economic development agenda. Through our extensive reach and regional capabilities, we believe that we can leverage the group’s resources to support the country’s growth agenda.”

KUALA LUMPUR: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) posted a strong set of earnings in the January-September 2016 at Rp1.3 trillion or RM416.89mil, boosted by higher net interest income and improvement in fee based income.

The bank reported on Monday the earnings had jumped 118.4% from Rp592.2bil. Profit before tax surged 123.7% to Rp1.8 trillion in September 2016 from Rp784bil a year ago.

“A healthy rise in net interest income (NII), improvement in fee based income, continuous cost management efforts and outstanding achievement in Sharia Banking contributed to the overall improved performance for the period,” it said.

Maybank Indonesia reported net interest income rose 14.8% to Rp5.5 trillion from Rp4.8 trillion in the previous corresponding period due to the bank’s discipline in loan pricing and active funding management.

Its net interest margin (NIM) increased 4.8% in September 2015 to 5.1% in September 2016.

Fee based income rose 21.4% to Rp1.9 trillion due to the increase in fee based income was mainly driven by bancassurance fees from its new partnership with Allianz, treasury related fees, retail administration and other services.

“The bank continued to manage its costs well during the first nine months of 2016 as reflected by the marginal increase of 1.2% in its overhead costs from Rp4.1 trillion to Rp4.2 trillion. Cost-to-income ratio (CIR) improved to 55.9% in September 2016 from 64.3% in September 2015,” it said.

Sharia Banking's net profits increased by 43.9% to Rp344 billion. Total financing rose 39.3% to Rp11.3 trillion in September 2016 while its total deposits grew 80.3% to Rp10.1 trillion. Sharia Banking’s total assets increased by 33.5% to Rp17.8 trillion, contributing 10.9% of the Bank’s total assets.

However, Maybank Indonesia's loans growth grew at a slower pace of 4.4% to Rp116.4 trillion from Rp111.5 trillion in September 2015.

Underpinning the growth were the bank’s small and medium enterprises (SME) and commercial loans growth of 14.7% growth to Rp48.7 trillion.

Retail banking loans remained stable at Rp44.8 trillion, while global banking loans fell 5.8% year-on-year as the bank continued to focus on re-profiling and re-aligning its corporate portfolio to the overall strategy.

It explained corporate loans fell on-quarter due to the decision to exit selected loans which are not aligned to the Bank’s risk posture.

Consolidated NPL level was lower at 4.0% (gross) and 2.4% (net) as of Sept 30, 2016 compared with 4.2% (gross) and 2.7% (net) a year ago. Provision expense was up 1.8%.

“Nonetheless, the bank remains cautious over loan quality as businesses are still being impacted by the current economic slowdown.

It said PT Maybank Indonesia Finance (Maybank Finance) recorded a 28.7% increase in total financing (stand alone) to Rp5.4 trillion in September 2016 from Rp4.2 trillion in September 2015 despite the challenging conditions.

Asset quality remained solid with gross NPL at only 0.42% and net NPL at 0.34%. Maybank Finance’s profit before tax reached Rp232bil in September 2016.

“To strengthen its long term funding, Maybank Finance is finalising its issuance of senior bonds of approximately Rp1 trillion which is expected to be completed in the fourth quarter of 2016,” it added..

There was also a turnaround in PT Wahana Ottomitra Multiartha Tbk (WOM), which recorded a significant increase in its profit before tax of Rp73 billion in September 2016 compared to a loss before tax of Rp22 billion in September 2015.

Although national motorcycles sales fell 10%, WOM recorded a 29.6% increase in its total financing portfolio (stand alone) to Rp5.7 trillion in September 2016 from Rp4.4 trillion in September 2015.

Driving the growth was its multipurpose financing startegy, which was launched in mid 2015, and this has successfully contributed 33% of WOM’s new financing in term of units financed.

The cost management effort has improved its cost-to-income ratio to 73% from 83% in the same period last year.

“WOM also remains focused on the implementation of prudent risk management practice to ensure sound asset quality. WOM’s gross NPL was at 3.84% and net NPL was 1.36%,” it said.

President Commissioner Maybank Indonesia and chairman of Maybank Group, Tan Sri Megat Zaharuddin Megat Mohd Nor said Maybank Indonesia has continued to grow, strongly leveraging on its re-branding to Maybank at the end of last year to demonstrate to customers our range of products and services as a regional leader.

Maybank Indonesia president director Taswin Zakaria said the bank continued to demonstrate improvement at the operating level in the first nine month period.

“Our core business performance significantly improved as our rigorous risk and cost management measures as well as disciplined approach towards pricing and growth are in place.

http://www.thestar.com.my/business/business-news/2016/10/24/maybank-indonesia-posts-strong-9m-earnings/

budget-2017-election-budget-it-says-economist

http://www.theedgemarkets.com/my/article/budget-2017-election-budget-it-says-economist#

X
Short http://www.thestar.com.my/news/nation/2016/10/21/budget-2017-goodies-for-civil-servants/

Lots of goodies for the power base... buy GLC?
21/10/2016 21:15

X
Short If you see a lot of goodies like it is an election budget then you better quickly buy GLC like Maybank.
21/10/2016 14:57

X
Short More specifically GLC in the KLCI like Maybank.
21/10/2016 15:31

http://www.thestar.com.my/news/nation/2016/10/21/budget-2017-goodies-for-civil-servants/

Lots of goodies for the power base... buy GLC?

More specifically GLC in the KLCI like Maybank.

If you see a lot of goodies like it is an election budget then you better quickly buy GLC like Maybank.

Minimum shorting again yesterday. Looking at the transactions more like small jittery retailers are the only ones selling.

Today also not much shorting. Bottomed. Rebound soon.

MIER is not expecting another OPR cut later this year citing worry of fund outflow. Positive for Maybank.

Shorting was minimum yesterday despite the price going up. Shorting maybe over, let's observe for a few more days.

EPF bought 40,000,000 shares in just 2 days on 27 and 28 September

EPF sold more than 100,000,000 shares in just 2 days on 22 and 23 September


http://klse.i3investor.com/servlets/stk/annchsh/1155.jsp

The way Maybank is dropping implies 5 to 8 big major O & G companies together with 5 to 10 big major commodities companies are going bankrupt, how likely?

wesly can you explain what you have been so wrong?

wesly hi, just kindly remind tomorrow is the ex-date of mayank, who those holding call warrant please make sure to dispose by today. thank
22/09/2016 10:27

This so so very wrong!!

Already so low yet funds continue to short, how low more do they want it to be?

Buy C24 to enhance gain.

dompeilee The last 1.5million + ESOS all losing $...not to mention the 235m issued via the recent dividend reinvestment scheme..
21/09/2016 18:14

Indeed, this is surprising and have misled a lot of people.

Maybank is GLC.

Early GE. FGV has gone up. All GLC will follow soon.

When playing the call warrant, first of all it must be safe; in the sense that your capital has a high chance not to incur a loss.

If you buy C24 now at 0.10, to breakeven at maturity on 30-6-2017 the mother needed to be only 8.25.

Expectation is that banks' profits will recover from 3rd quarter onwards and the price recovery will follow.

http://www.enanyang.my/news/20160917/贷款亏损拨备减少br-银行业净利稳健复苏/
18/09/2016 15:05

Buy Maybank C24 and wait for recovery in profit from 3rd Q onwards

http://www.enanyang.my/news/20160917/贷款亏损拨备减少br-银行业净利稳健复苏/

Without shorting by funds the price would be stable with upward bias due to the Dividend Reinvestment Plan.

With the dividend declared, funds didn't dare to short Maybank that is the reason it just dropped one cent.yesterday.

In the current somewhat fluid condition worldwide, a discount of at least 10% only can be persuasive in encouraging investors to take up the DRP at RM 7.25, so, the price must be pushed up to at least RM 8.25 before ex for investors to see the possibility?

Many investors who did DRP last round has got burned.

Will the price be pushed to the previous Dividend Reinvestment Plan price? Otherwise no one will do Dividend Reinvestment Plan this round.

Bank Negara keeping the OPR is to be read as the country economic is good and risilient; positive for Maybank.

C24 is in fact a good choice

Sell? Funds that short Maybank are licking their wounds and doing short covering now.

Short covering will really push up the price. The dividend also provide support.

http://www.theedgemarkets.com/en/article/swiber-says-managers-see-‘reasonable-prospect’-save-company

Firstly, the rise in price will kill off the shorting.

Secondly, the funds will have to do short covering.

Thirdly, the rising price will cause a short squeeze.

Then, the price will be supported by the dividend.

Thereafter, the price will rise due to good 3Q results.

The Edge has reported that Swider can be saved.

MIDF said the Q2 credit cost and impairment were deliberately made very high by Maybank management.

It is EPF selling with its own agenda or is it the fundamental that is making the price to fall?

O&G scare is really affecting the sentiment.

But today is 2 September have you heard of any other big O&G companies going burst to affect the Q3 results?

With credit cost and impairment already so high n Q2; Q3 is expected to be good.

When EPF sell, funds short, price drops drastically.

But EPF can't be selling below fair value, can it?

Lower OPR should promote loans growth in the long term. In the immediate term bank will lose out as loans rates are lowered immediately but term deposits rates remain till maturity.

Maybank started falling since early May, today till now is slow, EPF selling and funds shorting stopped?

A lot more will be closed in future due to Fintech.

When EPS stopped selling there will be short covering. There will be short squeeze when EPF start buying.