Can someone clarify if the 6.5 sen dividend declared only for Genting Berhad? Is it also for Genting Malaydia too? Did not read it for GMalaysia any where. Confused

Well known catch phrase ..."better borrow big and when in trouble, it becomes a banks' problem too to resolve it"

Good buy Lotte Chemical.... mid n long term surely

https://www.theedgemarkets.com/article/aminvestment-bank-maintains-buy-petchem?type=malaysia

Ck...cut loss in mbsb and take money invest in Maybank or elsewhere. Something is very wrong in this counter after in it for past 6 or 7 years. Better chancd to cover loss or make s little profit for long term holding.

TP target price

Endgame, what is the implication or good things about BNM approving selling insurance business? I am New to this stock.

Just because EPF holds 67% share in it must be good.....many falls into this trap

I lost quite some money from this counter since i bought it very high during the time of talking about mbsb and rhb bank merger. Though it gives not bad dividend yearly but the bigger and sharper share price loss not only wiped out all dividends received yearly but also caused big capital loss at the end of the day. No choice but have cut loss (95% of my holding of 500k shares) at 65 cts earlier. Went in because of golden finger CMY and Cold Eye. Cold Eye did well in a few good counters but not this counter. I still think cold eye is well respected n sincere guru.

Puzzled how rare earth of China got to do with Maybank here? Far fetched

What rare earth get to do with cimb here??

Jeri..CMY exited last year or earlier around 80+ cts as i read it before. Cold Eye was more on dividend of mbsb but with sharp falling price, dividend collected is far far less than capital tough a paper loss. Think he is stuck with his pledged 4m shares for thus counter. Expect it will fall below 50 cts. While no bank made loss for 1Q2020, this is the only one losing money. Expect more losses in next two QR.

Agree with titan 3322...make lots of sense

Chua Ma YU has already disposed almost all his shares at profit last year. If mistaken sold above 80 cts

Kinuxian: your explanation above on effects of moratorium and related modification loss most rational and clear so far! Thanks

Do not sell yet. Just started the upward movement slowly. Sell and u may not buy back same price and regret later.

https://www.theedgemarkets.com/article/bursa-seeks-feedback-proposed-criteria-accepting-lower-public-holding-spread?type=malaysia

New CEO came in less than 2 months, hope he performs better. But just wonder about how previous CEO could handle management of entire country's finance which is much more complex and tough especially after Covid 19 detrimental effects????!!!

https://www.theedgemarkets.com/article/after-us9-billion-credit-hit-banks-seek-trade-finance-revamp?type=corporate

Next Q report (full mco period)...will lose in billions and then falls under PN17.

https://www.theedgemarkets.com/article/bnm-cuts-opr-25bps-175?type=malaysia

Top management problem .....for years lot of empty promises

Yes, utterly unfair to use private companies though with government as a major shareholders to do charity works.

Above two also under authorities investigaions. Look like usd225m burnt.

Usd 102 m for Hontop and usd 125m for Hin Leong. Published news. OMG

Seems has also massive exposure to loans to local oil and gas companies in financial distress. Hope new CEO can clean up mess left by previous one.

https://www.straitstimes.com/business/companies-markets/chinese-oil-trader-hontop-energy-goes-into-receivership-in-singapore

This bank had lots of individual housing and car loans as well.

This bank will be hard hit as his loans are mostly from SMEs. Massive bad loans will surface after 6 months moratorium and later if moratorium is extended. No dividend declared as directors know current situation is only the tip of the icerberg.

https://www.theedgemarkets.com/article/mtuc-bnm-mof-compel-banks-extend-moratorium-or-see-record-forfeitures?type=malaysia

Rumour about bank mergers surfaced before. Hong Leong and Public Bank are honestly much better managed solid banks which are unlikely want to get involved with GLCs. Airsia is too scared of merger with MAS...their corporate DNA are completeky incompatible.

Massive bankrupticies or foreclosures will happen after Sept or delayed to take place even if moratorium is extended. Banks will see massive bad debts from individuals and SME. Banks have also massive exposure to oil and gas sector which will be in trouble if oil price remains low for extended period. Covid 19 causes big havoc here n worldwide.

https://www.theedgemarkets.com/article/mtuc-bnm-mof-compel-banks-extend-moratorium-or-see-record-forfeitures?type=malaysia

Directors collected it at 89 to 90 cts. May be, they know something we don't. Price has been bashed down from 1.50 early 2020 and 3+ much earlier years.

https://simplywall.st/stocks/my/media/klse-astro/astro-malaysia-holdings-berhad-shares/news/a-closer-look-at-astro-malaysia-holdings-berhads-klseastro-impressive-roe/

https://www.theedgemarkets.com/article/bnm-seen-cutting-key-rate-again-pandemic-persists?type=malaysia

Loan moratorium may possibly be extended come September. TNB and banks doing CSR work at expense of shareholders.

Electricity bill discount period extended till December

https://www.freemalaysiatoday.com/category/nation/2020/07/02/electricity-bill-discount-period-extended-till-december/

Stupid Affin Hwang analysts ..they always give absurb TP which is far off the tangent.

Just general or corporate talk by chairman. Good to wait and see how bad is next two QR and exposure to NPL.

Getingreal...thank your postings, make lots of sense to me.

https://www.theedgemarkets.com/article/lotte-chemical-says-track-be-toptier-asean-petrochemical-firm?type=malaysia

Good company but very low market cap and liquidity.

Luckily run away 80% my holding at 67 cts after declate dividend. Hopeless counter. The only bank that recorded loss while all other still make profit though reduced.

All GLC CEO imcluding Maybank will follow instruction if government insist to extend moratorium period. Or he will have to go......no two way about it

https://www.theedgemarkets.com/article/maybank-not-extending-sixmonth-loan-moratorium-period?type=malaysia

Thank

This company 4Q report...borrowing rm10 billions...wonder which banks exposed to it?

https://www.theedgemarkets.com/article/sapura-energy-cut-20-its-fulltime-employees-worldwide

No dividend declared for 1Q, what to expect for 2 or 3 or 4 Q, which will be worst with full impacts of loan moratorium or further extension and more NPL? Will cut loss...what to do. Celaka

Extension of 6 months fixed bank loan moratorium will surely be carried out especially snap general election is likely called this year. Banks and all GLCs (appointment of know nothing MPs as chairmen) are doing charity work at the expense of shareholders. Votes are primary consideration lah.