@choysun, how is the US market tonight?

Where is MaTerus?
No come to report US market?

Now, depositors and investors would prefer SIBs and too big to fail banks.....
....it will be wise for investors in small small banks to SELL and switch to the 3 BIG banks....

Those waiting for Casino Royale fund better be cautious.....JustBorn has confirmed that they are now supporting PBB instead...haha.....

Posted by James_Bond > 1 hour ago | Report Abuse

Casino Royale fund in Public Bank! Bull market on the way!

Wow....JustBorn changed direction liao....now switching to bank....haha ....LOL

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

https://www.theedgemarkets.com/node/659583

https://www.theedgemarkets.com/node/659583

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

Posted by NatsukoMishima > 17 minutes ago | Report Abuse

Tomorrow gap down open! See u all can run or not ! Enjoy !

----------------------------------------------------------------------------------

This poor chap goes every where to tok kok.......pity his parents....

Jokers who don't own stocks, please come later and tell us some good jokes ya.

So another knee jerk reaction for deep pocket to buy :p

Reiterate BUY, TP drops to MYR9.65 from MYR10.20, 11% upside with c.7% FY23F yield. We raise our COE assumption for Malayan Banking to reflect the persistent uncertainties in the macroeconomic environment. There is no change to our earnings forecasts and, as such, the adjustment of our TP reflects a lower implied fair P/BV. Maybank has a strong, established track record with respect to shareholder returns. In a range- bound market, its dividend yields should be the key driver of total returns.

Source: RHB Research - 9 Mar 2023

https://klse.i3investor.com/web/blog/detail/rhbinvest/2023-03-09-story-h-296325029-Malayan_Banking_Dishing_Out_Dividends_Reiterate_BUY

Near-term challenges notwithstanding, we continue to like the Group’s prospects, underpinned by its M25+ initiatives. Our earnings estimates are left unchanged, alongside the introduction of FY25 numbers, with Outperform call and TP of RM9.70 retained.

Source: PublicInvest Research - 28 Feb 2023

https://klse.i3investor.com/web/blog/detail/PublicInvest/2023-02-28-story-h-297278248-Malayan_Banking_Berhad_Steady_Performance

Haha....good quote

We continue to expect MAYBANK to provide the most sustainable returns via its consistent market leading dividend yields (7%-8%) despite us toning down our numbers. This is further secured by the group’s long-term vision to ensure operational sustainability remains in check, and affirm its leading position in the market. MAYBANK is one of our 1QCY23 Top Picks.

FY22 net profit of RM8.23b (+2%) and full-year dividend of 58.0 sen came within expectations. Deposits competition will put pressure on profitability though the lapsing of prosperity tax and possible writebacks would translate to substantial growth in the coming year. Maintain OUTPERFORM but with a lower GGM-derived PBV TP of RM10.10 (from RM10.40) on more moderate FY24F BVPS. MAYBANK is still a Top Pick for 1QCY23 for dividend yield sustainability.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-02-28-story-h-297279336-Malayan_Banking_Compression_Imminent

Yesterday was so happy, telling long long jokes....today disappear liao....poor jokers.

Where are the jokers today ??

@Cslee1215, Agree !

MIDF Research maintains their ‘positive’ call on the sector.

“We believe that any weakness is a buying opportunity, especially given that banks offer attractive dividend yields,” it said.

Kenanga’s last call on the sector was ‘overweight’, noting banking stocks would be firmly held up by resilient earnings.

https://www.freemalaysiatoday.com/category/highlight/2023/03/14/malaysian-banks-tumble-on-knee-jerk-reaction-to-svb-collapse/

https://www.freemalaysiatoday.com/category/highlight/2023/03/14/malaysian-banks-tumble-on-knee-jerk-reaction-to-svb-collapse/

“(For those worried about the same issues here), look for banks that have lower portfolio investment risk, like Public Bank, and with high capital ratios like Maybank and RHB Bank,” Chua advised.

MIDF Research maintains their ‘positive’ call on the sector.

“We believe that any weakness is a buying opportunity, especially given that banks offer attractive dividend yields,” it said.

Kenanga’s last call on the sector was ‘overweight’, noting banking stocks would be firmly held up by resilient earnings.

Haha.....how many days discount you want choysun ? :p

When price drops due to sentiment and not due to any fundamental change......it's time to buy buy buy.....

Ha ha....

@Cslee1215.....These jokers introduce themselves as people who cannot afford to own shares but have plenty of free time to tell jokes....lol

Buy at current price, lock up in the drawer, open a bank account for the dividend to be credited.....

....after 14 years, go check your bank account, you will realize that the shares locked up in your drawer if FREE OF CHARGE :)

@sifu ATK, where is your other friend who bought above 5 and cried mama papa come to me when price was 4.7+ :p

Bro Jeffchan.....no, the last time I bought was 8.65, this morning price is still higher....no hurry, will only top up if it's lower.

@1invest1.....I think he logged out, forgot his password and unable to log in again.....haha
....hope he is safe and well.

@1invest1 Welcome to the "Dividend Club"
...this is the stock....you buy....lock in your drawer....
.....every 6 months enjoy your passive income .....and sleep peacefully at night.

One of the good 3 SIBs Bank.

She is monitoring rich bank promoters especially....hahaha LOL

@prudentinvestor....some Genting promoter do not even own Genting shares....she is spending her free time busy busy monitoring other people's wealth....LOL

Just in case the Mat Terus don't know what SIBs stand for....

...it is Systematically Important Banks......

....they are Maybank, Public Bank and CIMB.......

After this SVB incident, may be potential depositers might reconsider where is safer to park their deposit.......

.....it might be positives for the SIBs......to attract more deposits......

Just in case the Mat Terus don't know what SIBs stand for....

...it is Systematically Important Banks......

....they are Maybank, Public Bank and CIMB.......

After this SVB incident, may be potential depositers might reconsider where is safer to park their deposit.......

.....it might be positives for the SIBs......to attract more deposits......

NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077
NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077

Who is this mas terus who only knows how to spread fear and nothing else??

Yes, one is real sifu, the other two is real cheer leader :p

Posted by prudentinvestor > 44 minutes ago | Report Abuse

Should have committed fresh money rather than switching counters. Both are good banks.

---------------------------------------------------------------------------------

Agree !

KWAP bought 23m of ASB's placement of 94m......meaning BIG institutional funds bought the remaining.....this is positive.....these funds who take up might continue to buy.....and less likely for ASB to sell more in open market.

https://www.theedgemarkets.com/node/658161

New Substantial Shareholders.

https://klse.i3investor.com/web/insider/detail/NSBSH_15156_43722810

Congratulations.

Welcome to the "Dividend Club"

@pang72......wait, let me ask the BIG boys......haha :p

CIMB also go ex on 13th March, but payment on 12th April.....this one is better haha :p

@1invest1........if you look into the portfolio of ASM, ASM2, ASM3, ASB & EPF.....most of these funds hold quite substantial shares...these funds are fixed income fund....so they need high dividend payout to pay dividend to units holders....and as PBB paid one of the lowest yield among banks....there could be some switching by these funds....as they hold less than 5% and need not report, there is no way to confirm.....it's just my guess...I could be wrong also.

Can start to buy back earlier :p