@1invest1 Well said! I keep laughing at those OUTSIDERS' childish and irrelevant comments.

They enjoy putting others down because they are jealous themselves.

To be fair, all bank stocks are down today.

No bank is excluded.

Beautiful correction today.

Buy Ambank lah... RM3+... cheap right?

These people will say it is expensive even if it is 14.

Why are you here if you think that it's expensive? Apple is cheap? TESLA cheap? Live a life and get over it.

People who don't buy pbb will always say the same, it's expensive. Before, now and later.

The stimulus bill will be passed before Christmas.

Market absorbed all the EPF vomit already.

KLCI is having bloodbath! Great correction before year end rally next week!

Buy buy buy

21 is good enough to add on.

Bonus issue will not be carrying the word BONUS for nothing.

A bonus is a bonus LOL

Market sentiment rules. It may all be well but if the market does not have the perk of excitement it does not push the price up.

That's the smart decision for the bonus issue.
To increase the stakes of the retail investors.
BRAVO!!!

2 keywords in buying pbb :
*COLLECT
*LONG-TERM

TPs are for those goreng kaki LOL

TA Securities’ analyst Li Hsia Wong said in a report today the firm had an "overweight" call on the banking sector underpinned by a more positive outlook in domestic economic activities, some uplift in net interest margin on the back of the gradual unwinding of modification loss and more stable interest rates environment, concerted stimulus measures by governments globally to protect businesses and individuals from economic disruptions caused by the Covid-19 pandemic, and potential reopening of borders as countries look into a mass vaccine rollout.

“Despite uncertainties in terms of the credit outlook, especially post the loan moratorium, we believe that the continued repayment and debt rehabilitation support for targeted borrowers should help address earlier concerns over the broader impact from a potential cliff effect,” said Li.

Coming from a low base, Li forecast banking sector profit growth of 17.7% and 18% in 2021 and 2022 respectively.

“We expect the sector to register a 27.7% year-on-year decline in 2020 net profit. With that, we lower our market risk premium assumption to 5.5% from 6.5%,” said Li.

Li has "buy" calls on Malayan Banking Bhd (target price: RM10.80), Public Bank (TP: RM25.10), CIMB (TP: RM5.10), Hong Leong Bank (TP: RM23), RHB Bank Bhd (TP: RM7), AMMB Holdings Bhd (TP: RM4.50), Alliance Bank Malaysia Bhd (TP: RM3.70) and Affin Bank Bhd (TP: RM2.50).

Lam Jian Wyn (14/12/2020 The Edge Markets)

From 20 to 25...you decide LOL

If everything goes well, Hibi should be near RM1 by end of 2021.

I think Hibi is not alone. All O&G counters are alike. The heat is not on yet due to 2 main factors. The Covid-19 cases are not going down. The boarders aren't open.

So, my prediction is another 3 to 6 months before O&G gets alive and kicking.

Healthy corrections. KLCI needs it badly!

RM0.00:16/12 SC, Bursa to uplift temporary suspension of short selling when it expires on Dec 31/STARBIZ

Closed 21.88. Average on upscale of 10sen per trading day is good enough until the ex date.

Better not. That will make some authorities eyes sore. It will backfire.

Let's hope that it moves up slowly. Too fast no fun lah LOL.

Slow, safe and steady bombibi.

NEW YORK, Dec 16 — Oil prices rose yesterday as investors focused on the rollout of Covid-19 vaccines, looking past tightening lockdowns in Europe and forecasts for a slower-than-expected recovery in fuel demand.

The momentum is weak, or else it should be 0.63 if not 0.65.

No goreng goreng yet!

Closing 22.30...be realistic and be happy LOL

EPF will have less cash to invest in the stock market after cashing out i-sinar. The influence of the retail investors grows proportionally.

But slow and steady is still better than fast and furious. 5, 10 or 20 years, slowly but surely.

I believe there will be a force to hold pbb back from becoming no. 1 in BURSA. Let's see how it goes. Back to no. 2 is always welcomed too.

KUALA LUMPUR (Bernama) - AirAsia Group Bhd, Eco World Development Group Bhd, Hibiscus Petroleum Bhd and KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust-stapled securities have been added to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index.

In a statement today, Bursa Malaysia said the F4GBM Index measured the performance of public-listed companies demonstrating strong environmental, social and governance (ESG) practices and was launched in December 2014 with a total of 24 constituents.

It said besides the four additions, there were two deletions from the index constituents namely Bumi Armada Bhd and Sunway Construction Group Bhd, bringing the total number of constituents to 75 as at the latest review period of December 2020.

"All constituent changes take effect at the start of business on Monday, Dec 21, 2020,” it added.

I was suggesting that pbb would overtake mbb in Bursa just a few days ago but someone was laughing at it LOL.

Let's see who laughs in the end!

Tomorrow will be up 3%

Those who dump are not all scared, some just enjoy small profit taking to buy KFC.

Not all are hoping to buy a house 5-10 years later LOL.

So what if Budget is not passed?? Hello? As long as a more stable government is formed for now until the next PRU, we should rejoice. It is good news for stocks too!

Do you want to sell now and regret later?

Not only pbb lah, 900 over counters turned red. Pbb and other bank stocks are time for healthy corrections too.

Malaysia's politics are wayang. Don't get too involved as it comes and goes. Live with it and you will be fine.

Budget 3 read will pass in the end.

https://www.nbcsandiego.com/news/business/money-report/dow-futures-up-150-points-stocks-attempt-to-bounce-back-from-losing-week/2470259/?amp

If a more stable government is formed tomorrow , that's good news for all!!

Sharefisher I share your feelings too! Can't believe 22 arrived so fast and furious LOL

wallstreeteookie Fully agree with you!

Kevin Tam. Who asked you did not buy it when it was 16?? Too expensive at 16??

Perhaps you wait for RM5 post bonus issue lah.

Kevin Tam...don't get too jealous! You have been saying the word expensive a few times this afternoon LOL

As for pbb, just COLLECT to keep LONG TERM for VALUE APPRECIATION.

Happy investing!

99% members in the TG forum are die hard fans. No way they will take the advice even though we mean well. Hope nothing too tragic happens to their investment.

https://www.facebook.com/64839963085/posts/10159014990293086/?sfnsn=mo Banking sector is in blossom!!

Not bad! First 10 minutes dropped less than 5% only!

The keywords are COLLECT and LONG TERM.

Happy investing everyone!

@Keyman188 So which recovery stocks do you suggest buying??

https://www.astroawani.com/berita-politik/jemputan-media-mengenai-sidang-akhbar-anwar-ibrahim-palsu-fahmi-fadzil-272877

@Sweetchocalates it's F. A. K. E.

After going through the political happenings in the past 10 months, any political issues will be much expected. Most of us are so used to it and become less emotionally involved.

If you have bought pbb at 16 and below, what's there to worry about? Just wait until your desired exit price. For long term investment, just ignore and enjoy the show(s).

You will never get to buy at 16 again.

My target price is RM10 (RM50) , 10 or 20 years from now.

Public Bank bonus issue

PUBLIC Bank on Tuesday (8/12) announced it would issue four new shares for every one existing share, increasing the total number of shares from 3.9 billion currently to 19.4 billion after the bonus issue.



Analysts said the exercise would increase the trading liquidity of Public Bank shares, and the lower share price post-bonus issue would be perceived by retail investors as being more affordable.

CGS CIMB Research, in a note on Wednesday (9/12) raised its target price for the bank from RM20.50 to RM25 a share, citing the bank’s defensive qualities amid the pandemic and improved trading liquidity as key drivers for the upgrade.

Public Bank had a one-for-two stock split in 2004 and its last bonus issue was in 2003.