Waiting to put the divvy back to work :)

No wonder this year they do it very fast......improvement over last year.

@bzimmy.....new lesson to me also :)

jeff.....look at the performance of RHB for the past few years.....

.....this CEO will be taking over at MBB....

Jeffchan1901......Yes, agree, buy the business not the "share price".

This business is more than 60 years old....making good money years after years...

....now making 70 sen, assets 722 sen, every year pay you about 60 sen for an investment of 880 sen......what a good business to invest in for long long term.

@jeffchan......yes before GE14.....

https://www.theedgemarkets.com/article/maybank-launches-firstever-digital-home-financing-solution-offers-105-financing-margin

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3239785

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3239806

My prediction on announcement date chun ya...

......but DRP price missed by 8 sen.....due to low discount this year (3% vs 3.6% last year)

Payment on 14th April.

Last year 28th June.

Big improvement, Maybank Boleh !!

Rm10.00 please.

Cheers..........

After all banks reported their full year 2021 results, share price of different banks performed differently.....the MARKET is ALWAYS CORRECT !

Yes, above 10 is a possibility, is a question of when...haha
Cheers.......

Too much DRP may not be a good thing.
1) it increases the share issue, thus diluting future EPS

2) fund which needs cash to pay dividend might sell their DRP, thus creating more selling pressure.

Some, but not too much is a win win.

Dow up 500.....huat ah.....

@choysun, during price fixing, 8.20 was just a 3.6% discount....
..BUT on exdate, possibility the price might be 9.30, so after ex at 9.00, will result your DRP having a 80 sen (10%) discount by then...haha

Cheers.....

@jeffchan1901, the price fixing, if started on declaration date, should have completed today, average price about 8.80, so ex price will be 8.50.
Based on last year's DRP discount of about 3.6%, DRP should be about 8.20.

Can expect announcement tomorrow or Friday.

Approval for the listing of DRP shares obtained.
This year very early compared to last year.
Maybank Boleh !

Bcos it's a mid size bank, it attracts less fund interest.
Look at today's trading among banks after all have reported, Maybank seems to attracts very good buying interest.

The announcement of DRP and ex dividend date will probably on this Thursday or Friday.

Ex date will be 2 weeks from announcement date and payment will be 1 month from ex date....so it will probably be on 2nd half of April.

@TTV...yes the quantum of dividend is a big pleasant surprise.

The cheapest banks...PE 9 times...

...but the share price is the most under perform in my banks portfolio.

@TTV...yes, very good results....Very good dividend !

Full year 2021 of top 2 Bank.


MBB----- EPS:69.74 sen---- Net Asset:RM7.2219---- Dividend:58 sen

PBB----- EPS:29.13 sen---- Net Asset:RM2.4812---- Dividend:15.2 sen

Momentum Gathering Pace

The Group finished off the 2021 financial year strongly, with a 4QFY21 net profit of RM2.06bn (+33.8% YoY, +22.1% QoQ). Cumulative 12MFY21 net profit of RM8.09bn (+24.9% YoY) is ahead of our expectations at 106% of full-year numbers, but within consensus at 103%. Margins improved sequentially, and for the year, which we had under-estimated.

We continue to like the Group’s prospects, underpinned by its M25 initiatives, and affirm our Outperform call with a higher dividend discount-based target price of RM9.70 (RM9.30 previously).


Source: PublicInvest Research - 25 Feb 2022


https://klse.i3investor.com/blogs/PublicInvest/2022-02-25-story-h1599291077-Malayan_Banking_Berhad_Momentum_Gathering_Pace.jsp

As the dominant market leader, we believe the group may struggle less with loans and deposits acquisition with sound economies of scale to ensure long-term operational sustainability. Maintain OUTPERFORM with a higher GGM-derived PBV TP of RM10.85 as we introduce and rollover to FY23E earnings.

Source: Kenanga Research - 25 Feb 2022

https://klse.i3investor.com/servlets/ptres/62054.jsp

@Cslee1215....you are most welcome. We share, learn and prosper together.

Congratulation on your top up in early November...wise decision.

@jeffchan1901....Yes, we share, learn and huat together.

Global markets are sharply higher....hope the huat can continues :)

Cheers........

@choysun....whole world sharply higher.....Huat ah...

DJ up 400+ .....Huat ah.....

19.98m shares traded, very good volume.

Fatt fatt fatt 888 to all tigers :)

Posted by Cslee1215 > Feb 4, 2022 9:26 AM | Report Abuse

30 my guess :)

_____________________________________________________________________

Spot on.....very good :)

@jeffchan1901....congratulation for switching to MBB from TNB....wise decision.

MBB dividend 30 sen....full year total 58 sen.

PBB dividend 7.7 sen....full year total 15.2 sen

PBB dividend 7.7 sen :)

https://klse.i3investor.com/servlets/ptres/62043.jsp

https://klse.i3investor.com/servlets/ptres/62096.jsp

https://klse.i3investor.com/servlets/ptres/62054.jsp

https://klse.i3investor.com/servlets/ptres/62044.jsp

Nasdaq turns green...haha

@Jaya26....yes, hope so.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3236073

This year they proceed with the process for dividend payment very fast, unlike last year which they waited for the conclusion of AGM...

....guess can get dividend payment by end April.....

Can expect similar good dividend for 2022 also, even after factoring in cukai makmur.......

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3235915

Although overall sustained economic recovery is expected in 2022, the Group anticipates that its return on equity for
FY2022 will be similar to that of FY2021 and has set a Headline KPI of between 9.5% and 10%, taking into
consideration the impact from the higher one-off Prosperity Tax announced by the federal government of Malaysia.

Go google to check one year return for both to see as at today's price which give better capital appreciation.

Management give guidance that ROE can be maintained at 9.5 to 10% for 2022 after factoring the impact of cukai makmur.

Dividend 22.5 sen cash, DRP 7.5 sen....total 30 sen.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3235915

EPS 17.32 sen

Dividend 30 sen

https://www.theedgemarkets.com/article/hedge-funds-slash-tech-pivot-other-strategies-says-goldman-report

BRUSSELS (Feb 23): US hedge funds have been slashing positions in technology stocks, and started 2022 more tilted towards cheaper shares than at any time in over a decade, according to Goldman Sachs Group Inc.

Funds with US$2.6 trillion of gross equity holdings have reduced positions in more expensive growth sectors in favour of energy and financials, he said.

@choysun today, old man low beta stock traded volume 10 times of high beta Genting :p

@choysun...Yes, but it depends how much more the funds have to buy, let's see....anyway, today's buying was very strong..till the very last minutes before pre close...

Countdown to FY21 report....good start today :)

Jaya26....Yes !

Probably Thursday lunch break.