Not possible that China can resolve the Ukraine war, China is seen as a good ally of Russia, which is the aggressor. That for one is already negative for Ukraine and the rest of the free world. Who in the right mind would accept a peace treaty from an aggressor whose intention is to annexe land belonging to someone else? The only way for the war is to stop if big bro USA and Nato decide not to finance Ukraine anymore. This will also depend on the strength of the US economy going forward. Any deep world recession will be advantageous to Russia to negotiate a better term to end the war. In conclusion, what ever played out will be more of economic than military.
"On the other hand, if China can help resolve Ukraine war it would restore world economic confidence as peace in Ukraine ( a big food producing country) would reduce inflationary pressures better than interest raisings inflationary fighting measure by various countries."

Great job by the new government but the road is far ahead. Mou is just a letter of intent and nothing more. But I believe Geely and DRB would go ahead in their intention. Most projects are tied to whether the various authorities States and Federals can meet China investors' demands for tax incentives, land, facilities etc
EDwarrior
Monday will take off. Cause RM170 b signed with China government. The deal will help bank as well. The big funds flow in Malaysia market. The money will also benefit all of the Malaysia bank sector. Good sight for Malaysia economy. Malaysia stock market will rebound strongly.

19 hours ago

Arabs lowering production by 1 mill barrels a day. You guys should watch CNA. Arabs aiming to move the crude price to USD 100 plus. Right timing for Armada to move beyond 70 sen.

Wait for further drops, weak holders are disappointed. By May will probably be at the bottom.

Dog chasing its tail?
Ghosts of SVB and others collapsed haunting the financial markets in the US. 190 banks near insolvency in the states, any bailout by the feds would increase money supply one way or another and lead to sustained inflation, and further increased interest rates would kill profits in highly geared companies.
https://malaysia.news.yahoo.com/more-u-banks-potentially-insolvent-180656259.html
https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92#:~:text=In%20fact%2C%20judging%20by%20the,not%20on%20their%20balance%20sheet.

PBB must be among the top holdings by US investors.

"Nearly half of the foreign non-strategic investors were from the US (43.99%), and their top three holdings were in banking counters,” the SC said."
https://www.theedgemarkets.com/node/660865

PBB is still steady, down a minimal margin.

Quiet here, have to wait for a few weeks more for more bad news (if any, but many speculate still more to come) hold tight, on the banking shakeout in the states. Still, certain gurus expect the feds to increase further the interest rate as America can't control the inflation rate at the moment. Already 5% and more to go and plus risk rate of borrowings. American corporations will be badly impacted? Doomsday gurus will be making public statement soon.
For those of you staying in this country, don't you feel the prices of food are increasing almost every month, why the statistics are not reflecting the rise? So if the US is expected to have run away inflation so are we?

Will this cheap counter make money with rising interest rates on borrowings? Hardly. Buy to hit and run, ok with good timing and swimming with sharks.

Are we prepared for a recession? Looks like our politicians are not. Meanwhile, can we expect funds from the US will flow into our stock market? But our interest rates are not as attractive as the USA. Will our BNM allow the RM to depreciate further to attract some USD300 bill to swing the KLSE up and down for the next 2 years?

This kind of positioning is among the reasons stock markets will test new lows in the next thee to six months, Bank of America analysts led by Michael Hartnett wrote in a note Friday.

More evidence is found in factor models, where money managers are avoiding companies with high levels of leverage and equity volatility. They also are ditching shares that screen highly for dividends and buybacks, a clear sign investors expect companies to preserve cash going forward rather then blasting it out to shareholders.

Meanwhile, gold briefly traded above $2,000 as investors seek out safe harbors to weather any oncoming storm. Money market funds also attracted their largest inflows since March 2020 in the week through March 22, with more than $300 billion moving into cash over the course of the past month, according to a Bank of America note that cites EPFR Global data.
https://www.bnnbloomberg.ca/traders-flight-to-safety-is-about-the-next-recession-not-banks-1.1900263

1 minute ago

Going forward the focus will be less on banks and more on highly geared companies likely to go bankrupt with high-interest rates. Hopefully, funds will move to Asean countries.

More evidence is found in factor models, where money managers are avoiding companies with high levels of leverage and equity volatility. They also are ditching shares that screen highly for dividends and buybacks, a clear sign investors expect companies to preserve cash going forward rather then blasting it out to shareholders.

Meanwhile, gold briefly traded above $2,000 as investors seek out safe harbors to weather any oncoming storm. Money market funds also attracted their largest inflows since March 2020 in the week through March 22, with more than $300 billion moving into cash over the course of the past month, according to a Bank of America note that cites EPFR Global data.
Not all about banks but more of high debts companies are at risk of losses with high-interest rates. But could external funds flow to emerging economies like ASEAN countries?
Equity market volatility is not yet near the levels seen last week, with the Cboe VIX Index trading at 23. However implied volatility for US equity indexes and ETFs remains “pretty tense,” according to McElligot, while the so-called VVIX Index, which measures volatility of volatility, showed demand for tail risk hedging.
https://www.bnnbloomberg.ca/traders-flight-to-safety-is-about-the-next-recession-not-banks-1.1900263

Ex Divi date price will be adjusted by the market. However, hope to have good news on MIDF buy. In terms of profit MBSB towers over MIDF, post acquisition the management MBSB should be more active in exploiting and expanding the available business opportunities in MIDF products.
Yippy68
agree to you @Alenac. buy now still enjoy 8,5 sen tax free dividend. it will go up to 75 sen on 30/3 just my 2 cents.

1 day ago

The cheapest bank stock to hold for the long term, especially during the series of banks going under in the states. How low can MBSB go? If 40 sen, can sapu a few hundred lots.

M55555

If on board , why complaint ? Given RM0.085 !!! Unless missed boat . No worry, start collecting now. It has to been kept long long. Not buy today , sell tomorrow. Even if you collected at RM0.70 , 3 years ago , you still gain, base on DIV pay out , especially if you did some average down

NasDaq bank index is up slightly by 3.95% as there was still no negative news since 3 banks collapsed.
stkoay

How are banks shares doing in US tonight ??

20 minutes ago

More banks are going to collapse as the feds tried to tame inflation.
https://finance.yahoo.com/news/god-mercy-us-robert-kiyosaki-230000021.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAc3i1VGtMiwtBaJSW0vzFW9gfKbez7nO9b56KyJ6UrGbRRv0-f9j6AMVZzwhDVP-3p54XE6f6l0GpuaHHFt62dIZiZW5GicpI1uZg49d0LhJr8ZAQIU7NLdd2OZ5EMdQX96PGMCFWIiPPKiWsflJraS0FLSWeB0DHvMn9wiUq-B#:~:text=MoneyWise-,'God%20have%20mercy%20on%20us%20all'%3A%20Robert%20Kiyosaki%20warned,real%20assets%20he%20likes%20instead&text=2022%20was%20tough%20for%20most,bonds%2C%20and%20even%20crypto%20plunged.
https://finbold.com/r-kiyosaki-warns-u-s-inflation-is-now-systemic/

MBSB giving more than 2022 profit plus reserve estimate to be RM609.576 mill. out of which RM401 mill goes to EPF in the second quarter. Are they expecting the recession to be around the corner? So return excess liquidity to shareholders? Not mistaken MBSB issued sukuk bonds last year.

speakup

@Orson, mbsb already kasi almost all of FY2022 profits as that 8.5sen dividend, there is no more final dividend.

2 hours ago

3 seconds ago

Yeah, many whinners here condemning MBSB, hopefully, more prudent management comes on board to take advantage of EPF liquidity.
Yippy68
Hahaha,I can’t stop laughing . 8.5 sen dividend from a useless bank is unbelieveable

Congrats to those that have trust in MBSB. Major divi goes to EPF. Did I foresee this historic divi? Giving back to shareholders, mostly all to EPF to increase equity returns for 1st Q of 2023. Also, allow EPF to lower MBSB its stronger fundamentals and clear the available cash before the merger with MIDF.
MBSB is 65.87% owned by the Employees Provident Fund (EPF) while MIDF, a development finance institution, is wholly owned by Permodalan Nasional Bhd (PNB).

You will be surprised many have made from Armada from several rounds over the past years. Dun underrate and laugh at others.
Sharefisher
Armada? Who wants to invest? Haha ha.... PBB lah people invest.
4 minutes ago

Yes, a temporary reprieve, the loan has an interest rate while holding fed bonds could keep on losing more. let us watch how the authorities going to keep sustaining failed banks full of junk bonds.
cheeseburger
Swiss National Bank saves Credit Suisse with loan $50b...rich country got rich bank. No worry
2 minutes ago

You are right, those who invest using cash money, will have to take the risk and wait for the banks to recover. Just as those who invested in Armada for the last 5 to 10 years. We are talking about the timing of when to go in.
Sharefisher
Tolong lah.... Uncle sees too many times of this kind of situation lah..... You want to make more money, this is the risk that you must take.

If SVB went down because of feds bond losses then almost every bank in the states holding losses in US bonds. The worst is yet to come. When there is low tide, all boats no matter how solid or big will lower. Simon Black is right. For those of you not aware that for the past 10 years, corporate America has been borrowing largely to finance its share buyback.

https://dinarchronicles.com/2023/03/13/simon-black-if-svb-is-insolvent-so-is-everyone-else/


Late last year I recorded a podcast explaining how the Fed was engineering a financial meltdown by raising interest rates so quickly, and they would have to choose between a rock and a hard place, i.e. higher inflation versus financial catastrophe.
This is the financial catastrophe, but it’s just getting started. Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. There will be other casualties– not just in banks, but money market funds, insurance companies, and even businesses.

Just after the revised budget a few weeks ago, we got a Malaysian minister dismissing that there will be a recession in Malaysia in 2023. Just a few days ago the aftershock of small US banks collapsing sending tremors in the world banking fraternity. Dow retreated another 280 points last night. More shockwaves to come, next will be European and third-world countries' banks or even sovereign default.

Wow Mad cat, now we are on the same page. Hope you dun bring in Serbak bad vibes here.
Mabel
Wow Gamuda so power...

Meow Meow Meow

2 days ago

Who dare to go in? Any private initiative will go bankrupt. Huge costs and low returns plus having to deal with 2 governments, Singapore and Malaysia. Malaysia government is unstable and fickle.
I_like_dividend
https://www.theedgemarkets.com/node/658301

14 hours ago

RM6.97 per share, now worth less than 10% of its value.
prudentinvestor
Still remember property developer Tropicana also bought over 10 million TG shares during those glove crazy days?
https://www.theedgemarkets.com/article/tropicana-buys-rm7847m-worth-top-glove-shares

19 hours ago

Another Serbak in the making.

Let it slow and retrace. No harm done. Oil price will be expected to move up in 2nd quarter for china and the rest to restock after the world economy is in full swing and the battle in Ukraine enter the second year with fierce fighting in Bakmut while American makes money supplying gas to Europe.
Looks like the market resting as today is Friday. But quite good play anyway. Operator target price achieved. Next week perhaps.

80 mill today?

No 60 mill plus turnover, pent-up frustration after so many years of downs.

Likely big boss is in. Now funds chasing? 50 mill turnover, the game is on?
pang72
What is up on armada?

4 hours ago

Vincent is up to his antics again. Now all Vincent's angels crew including his 2 daughters. How many times does Humpty Dumpty need to fall off the wall, all types of corporate moves come to naught.

It's has been a long wait but how fast will the price surge to RM1? Looks for fun managers rerating?
serpent100
After 5 years plus I’m waiting

15 hours ago

Goodluck with buying Chef company.
inheng
Fabulous Sunview give project worth over 100m to Reneuco last year. Project still on?
Sunview share price now nearly $1. Cypark over $1. This counter near multi year low. Guess can only going up after they get their cheap placement ticket at 30 cents. I buy below 30 cents

1 week ago

Gone case this counter, no contract & legal suit, what a combination!!!!

Watch out scammer company, they pump up and dump later. Will closely follow the CI movement.

The fried chicken company, concept needs to revise including recipes with new ideas and images etc. But the BOD is not imaginative. It needs a Colonel Sander. Perhaps too many rent seekers in the management?

Within 3 more months, below 10 sen?

Restructuring is required, if not Pharmaniaga will be winded up.

alenac
Will Monday be the big boss day? Or will the following earnings report another burst of profits for Armada?
Armada had never had such a good year since 2013. Oil price is back in play as long as Putin keeps the onslaught on Ukraine.

Same guy who is a director here?
65-year-old businessperson has pleaded not guilty to nine counts of soliciting and receiving bribes worth RM12.8 million linked to the Jana Wibawa programme.

Teo Wee Cheng claimed trial to the charges that were read to him in Mandarin before judge Ahmad Kamal Arifin Ismail at the Sessions Court in Johor Bahru today.

https://www.malaysiakini.com/news/655987

How much Cameia FPSO project contribute to turnover?

Ambrin as Chairman heard what he said in the 1MDB trial, he won't be effective in checks and balances.

RM1 could be tough to achieve if big boss not buying.
fudrud
Come on fellow investors, what is your target price for taking some profit. I am looking for a price to book of around 1 which brings it in to line with SBM and Yinson. Thats around a ringgit.

9 hours ago

wow so many cases of theft, in commercial sectors as well as the government. Especially uncovered during pandemic?

Income

https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-01-27-story-h-300077488-Revenue_Group_confirms_arrest_of_two_suspended_directors_by_MACC_over_a

OMG NO EYES SEE……….

Lim Ah Hock & Son?

SHAH ALAM: Two company directors claimed trial at the Sessions Court, here, for abetting an individual to embezzle close to RM11 million in funds from several companies.

Lim Ah Hock, 71, and Lim Pay Chuan, 53, both pleaded not guilty when the charges were read out to them, separately, before Sessions Court judge Rozilah Salleh, today.

Ah Hock was accused of partaking and abetting G. Paismanathan in cheating Chin Yit Wah to pay RM530,000 to Siaz Holding Bhd using Colas Rail System Engineering Sdn Bhd's funds for some non-existent engineering consultation works that included interface works with KVMRT PDP and MRT Corp.

He was accused of committing the offence at Pestech Technology Sdn Bhd's office located in Ara Damansara, Petaling Jaya, Selangor on Nov 16, 2017.

https://www.nst.com.my/news/crime-courts/2023/01/873976/two-company-directors-claim-trial-abetment-over-rm11-embezzlement

Crossing 57.5 sen then it would look good. Still no news big boss buying?

Good morning, Chef kitchen talk, while the liquidator takes all.
Trust is a beautiful thing. Now everybody knows the Chef & kitchen crews cannot be trusted with money. Because of trust, many lose money. If I were the Vice President or whatnot title, go find a better job, Serba is a dead duck. Operations can still continue even though the group of companies is under an administrator, but employees' futures are not going to improve. Not now and not in the long run.

"We would like to assure everyone that we will be able to get back on track and continue to rebuild Serba Dinamik to greater heights," he said.

"We anticipate resolving the statutory issues through a three-year programme, tracked with milestones. The process may seem to have taken a little longer than expected, but we are confident that we will see better times ahead," Mohd Karim said.
https://www.marketscreener.com/quote/stock/SERBA-DINAMIK-HOLDINGS-34837516/news/Serba-Dinamik-We-trust-our-bosses-to-save-Serba-Dinamik-says-company-SVP-42750140/

Loss RM4 mil plus kacang to him? Surprising buying till September 2021 to average down. Most unfortunate still believe in Chef and his kitchen crew then but not the auditors. Despite the red lights flashing by the auditors, and lacking judgement supposedly shrewd people still buy.

Sslee
https://klse.i3investor.com/servlets/pfs/120720.jsp?stockName=SERBADK

See how Philip response when he finally realise Serbadk is an accounting fraud case of epic proportion.

Hope turned to sand???? Please donate to soup kitchens or to the poor, instead of buying no-hope shares. At least good karma will be with you.
Bradar
Strangely, people are buying at 1.5 vs 2cts.
43 minutes ago

0 seconds ago