Sifu ATK , choysun is extending his year end vacation...long term investor like him, buy then sleep peacefully no need to monitor price movement :)

Today, after breaking news on China opening, Hang Seng index started falling and closed down 626 3% :p

Long time no visit here, was on vacation with choysun :p

Congratulation skybursa......
...typical Maybank shareholder.....rich uncles and aunties :)

EPF sold 11m shares last Thursday when the price closed up 36 sen at 5.87, who bought??
:p

Consolidating above 5.80, very good.
Most banks doing well in high volume today.
Fan club in the red.....haha.

https://www.theedgemarkets.com/article/cgscimb-expects-maybank-continue-positive-momentum-4q

CGS-CIMB reiterated its "add" call on Maybank, with an unchanged target price (TP) of RM10.30. This is premised on potential rerating catalysts from its expectations of strong loan growth in Indonesia of more than 10% in 2022, continuous expansion in the net interest margin amid the overnight policy rate upcycle, and recovery in non-interest income.

Meanwhile, Public Investment Bank Bhd (PIVB) said there was no repeat of 2QFY2022’s pre-emptive loan loss provisions when Maybank reported its 3Q results, an encouraging development considering the expectedly weaker macro environment going forward.

"Near-term challenges notwithstanding, we continue to like the group’s prospects, underpinned by its M25+ initiatives, and retain our ‘outperform’ call with an unchanged TP of RM9.70," it said in a note.

@Jaya....Yes
.....but doesn't matter, dividend stock is for long term for it's yield, price is for look see look see only :)

......hope more to come :)

So so only :p

Fatt Tatt loh........................

Stability.....prosperity.......stock rally......

....hohoho......santa claus is coming to town..

.....huat ah..........................

Umno Supreme Council will support a unity government that is not led by PN to ensure stability, prosperity, says Ahmad Maslan.

https://www.theedgemarkets.com/article/umno-supreme-council-will-support-unity-government-not-led-pn-ensure-stability-prosperity

https://www.theedgemarkets.com/article/maybanks-3q-profit-rises-285-rm217-bil-stronger-topline-growth-amid-improving-regional

Net profit 2.165B
Up 28.5 % YoY

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3308902

If investors got different views on whether market will go up or down depending on who is PM, then I guess market should be fairly stable irrespective of who wins :p

Long time no visit, was busy campaigning....
....it seems my party will probably becomes govt. again.....and would definitely brings prosperity and stock rally....

.....X'mas comes early......hohoho....

@choysun....Dow still steady after the BIG surge last night....more HUAT coming next week for Genting.....Huat ah :)

Must not play play :p

Queued for fun at 8.60, thinking cannot get, but all matched :p

UPDATED THU, NOV 10 202211:35 AM EST
Dow surges 1,000 points in biggest rally since 2020 after a lighter-than-expected inflation report

Tomorrow will catch more tigers :p

Haha..... :)

choysun lai lo.....Dow will up 1000 tonight :p

LIVE UPDATES

UPDATED THU, NOV 10 20228:33 AM EST
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Dow futures surge more than 600 points after October inflation report is lighter than expected

https://www.cnbc.com/2022/11/09/stock-market-futures-open-to-close-news.html

Dow future surge more than 600 points....

Santa Claus is coming to town :)

https://www.theedgemarkets.com/article/bkm-phase-4-each-recipient-get-rm900-based-respective-category-says-ismail-sabri

That's why Pinky is holding.....Tiger :p

Haha.....

Cash rich investors buy bank stocks for its dividend....not to sell for capital gain
...and this also no cash non investors will not understand.

This lesson "no cash" non investors will never understand.

Cash rich investors make money when there is cheap sale...like during pandemic 2020....not when market is up.....

When market is down,"no cash" "non investors" are excited and happy....but they didn't know that cash rich investors are also so happy.....haha.

Posted by choysun > 5 hours ago | Report Abuse

What will Mr Powell say today? Hmmm

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Hohoho.......Santa Claus is coming to town :)

Best month in history, beating the record of January 1976.....walao eh.

https://www.malaymail.com/news/money/2022/10/29/wall-street-surges-to-sharply-higher-close-ahead-of-fed-week/36156

“This has been one of the best months (so far) in the history of the Dow, suggesting the bear market likely ended,” said Ryan Detrick, chief market strategist at Carson Group in Omaha. “Big monthly moves historically happen at the end of bear markets.”

“This is the second Friday in a row we’ve seen aggressive buying suggesting investors are growing more comfortable holding over the weekend,” Detrick added.

If dividend is lower, the CEO will probably loose his job very quickly.......haha :p

This new CEO was probably chosen based on his track record while he was CEO at RHB (he did a good job at improving returns there)....PNB is the major shareholder and they want high returns to enhance dividend for their unit holders, so, how can dividend be lower when loan growth is projected to improve at a higher rate of 7%......and ROE is projected to improve by 10 to 20% from current level.....

ROE of 11 to 12% is lower than earlier projection BUT it is still 10 to 20% higher than historical ROE of slightly below 10%.
With a projection loan growth of 7% (which is higher than current historical of 3%) dividend for coming years should probably be higher.

Malaysia is normally slow to respond/follow :p

Today, Banks in Singapore are flying 3 to 4 %.......DBS group is now up 3.5%

No la, not all Malaysia blue chips are half dead....all banks are doing fine....CIMB is near 52 week high. :)

Singapore's blue chips flying......

What recession ?

"non investor" 's prayer not answered.....must be very disappointed.

https://www.cnbc.com/2022/10/26/stock-market-futures-open-to-close-news.html

Dow soars 500 points as traders cheer stronger-than-forecast U.S. economic growth data

Yes.....yes.....don't miss the boat for post GE bull run :)