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.

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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

Wow....last year 14th April......
...this year 24th March

Thank you Maybank

29.6 million shares done at 4.13 during pre close

Wow.....BIG volume done in single trade during pre close

Theorically, if all these fixed income fund parked 100% in Maybank, then they can easily give 6% dividend after deducting some management fee....BUT they cannot do so as they need to spread out their portfolio....that's why they are currently giving about 4% only.

The launch of additional 5B for ASM will also be good as Maybank is ASM top holding...

With Management targeting a ROE of 10.5 to 11%, if dividend payout remain at current % of about 85%.....we can expect a dividend of 63/64 sen for FY2023.

For the past 2 weeks, ASB has been buying....now that they will receive RM1.17B CASH from the dividend payment, I think they will continue to buy....

Posted by Pinky > 2 hours ago | Report Abuse

part of the reasons why so many ppl attack Genting here is becos there is an annoying fanboi @emsvsi who every day shout nonsense here

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Agree !

Hope you get good capital gain from the "other counter"
...cheers.

@choysun.....ATK called the nicest guy in i3......and very diversify also i guess....own so many banks :)

I noticed that previously with MBB.....major shareholders sold before the ex date announcement (during price fixing)

That's the problem with drp.....major shareholder will try to keep the price low during the price fixing.

Yeah, this one got better visibility on earning n divvy, unlike your other holding, it's so unpredictable.....

Welcome to the club, newbie2019.

Target an increase of about 10% ROE from current year........can expect dividend to be higher for FY2023 if payout % remained the same.

Targets 10.5%-11% ROE in FY2023
Going forward, Maybank said asset quality management will remain a priority for it this year, and that it is targeting a return on equity (ROE) of between 10.5% and 11% in FY2023 as its headline key performance indicator.

Very good report.

Apart from MBB and CIMB, I also own this.....but very funny, its price doesn't move much compared to MBB n CIMB, which performed much better

The Board of Directors has declared a single-tier second interim cash dividend in respect of the current financial year
ended 31 December 2022 of 30.0 sen single-tier dividend per ordinary share, amounting to dividend payable of
RM3,616,238,128 (based on 12,054,127,092 ordinary shares issued as at 31 December 2022).
Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the single-tier
second interim cash dividend will be paid no later than three (3) months from the date of declaration.
The book closure date will be announced by the Bank at a later date

No drp is good in the sense that there will be no increase in shares and no dilution of future EPS.
.....and I noticed that, previously, a major investor used to off load the drp shares for cash (resulting extra selling pressure)

@Tedinvestor....yes it's 30 sen cash, no drp.

Maybank is putting 3.6B CASH into the pockets of shareholders.....

30 sen cash, no dilution of EPS and major shareholders no need to off load DRP shares in open market.....and if they don't need so much cash from dividend, will use the proceed to buy from open market.......overall slight positive.

https://www.thestar.com.my/business/business-news/2023/02/25/pnb-plans-to-increase-asms-fund-size-by-rm5bil

THE Amanah Saham Malaysia (ASM) fund size will be increased by RM5bil in line with the unity government’s commitment to ensure the equality of multiracial society, according to Permodalan Nasional Bhd (PNB).

Besides that, the total individual investment limit of Amanah Saham Bumiputra (ASB) and Amanah Saham Bumiputra 2 (ASB2) will be increased to RM300,000 from RM200,000 previously.

“This announcement is in line with PNB’s efforts to continue to encourage the culture of saving and investment among Malaysians.

Maybank is the top holding of both ASB and ASM.

https://www.thestar.com.my/business/business-news/2023/02/25/pnb-plans-to-increase-asms-fund-size-by-rm5bil

THE Amanah Saham Malaysia (ASM) fund size will be increased by RM5bil in line with the unity government’s commitment to ensure the equality of multiracial society, according to Permodalan Nasional Bhd (PNB).

Besides that, the total individual investment limit of Amanah Saham Bumiputra (ASB) and Amanah Saham Bumiputra 2 (ASB2) will be increased to RM300,000 from RM200,000 previously.

“This announcement is in line with PNB’s efforts to continue to encourage the culture of saving and investment among Malaysians.

@i3lurker......agree :)

By the way, the absence of prosperity tax will be very good for banks, esp those which pays high dividend.....and the additional investment for ASM and ASB will also be very good for big banks....as these are their top holding.....when they add, it will create more demand....

@jeffchan1901...... haha, I don't have any PBB, was just sharing a general view on banks.

I am a value investor, I feel MBB has got better value, based on i) it is trading at lower PE ii) it is trading at lower price to book value and iii) it pays a higher dividend (yield) .....compared to PBB.

.....but nobody will ever knows how a stock will perform in future.
....just my 2 sen....happy weekend.

Posted by James_Bond > 8 minutes ago | Report Abuse

Exactly, personally suggesting to sell Genting above 4.90-5.05! And i was right! Genting Berhad shares dropped sharply! If you followed, you should hv cut win and buy back along with me and win big now… cheers!

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Posted by James_Bond > 1 week ago | Report Abuse

I heard some of you, unhappy with such unreasonable tumble in Genting share price… James promises will not dispose Genting shares, keep the remaining 95%, continue support Genting Berhad and will let the profits run… Cheers! Happy Weekends!

Posted by James_Bond > 1 week ago | Report Abuse

Nvm, keep the remaining 95% for possible dividends… cheers…

Posted by James_Bond > 1 week ago | Report Abuse

Only managed to sell 5% of my Genting Berhad…

Haha....like that also can.....hahahahaha LOL

Respect !

That's why I said.....ATK is the "real" sifu....

Haha.... :p

Posted by choysun > 2 hours ago | Report Abuse

Who lost tickets leh. Monday KLSE still open ya. Can buy back :)

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Judging from posting after market closed, i guessed the one who lost tickets is the one who said buy average up....buy average up......LOL :p

https://www.theedgemarkets.com/node/656718

KUALA LUMPUR (Feb 24): The absence of a prosperity tax in the revised Budget 2023 is deemed a ‘huge relief’ for the corporate sector, says Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.

Abdul Wahid opined that another round of prosperity tax could have potentially shaved off 5%-6% of 2023 earnings for KLCI constituents.

“Without prosperity tax being imposed, analysts have a consensus forecast EPS [earnings per share] growth rate of 20.1% for 2023 compared to -1.3% for 2022. This augurs well for the capital market,” he said in a statement on Friday (Feb 24).

The amount is very small versus the total industry, while this is a negative but it's minimal for the total industry.

....and limit up for ASB shareholders....

Additional 5B for ASM to top up their investment......