https://www.theedgemarkets.com/article/midf-upbeat-export-data-lifted-foreign-inflow-rm955m-last-week

wow....955m

Yes choysun, topping up slowly :)

Compared to EM banks, Malaysian banks are super cheap.

https://www.theedgemarkets.com/article/saudi-lender-rajhi-rises-record-after-us4-billion-capital-plan

RIYADH (Feb 20): Al Rajhi Bank shares surged to a record after the second-biggest Saudi Arabian lender rolled out a $4 billion plan to grow its business.

The shares climbed as much as 7.1% to 169.8 riyals, the highest on record.

Al Rajhi Bank market insights:
• Al Rajhi Bank trades at 24 times its estimated earnings per share for the coming year.
• The company's dividend yield is 1.4% on a trailing 12-month basis and 1.9% based on Bloomberg Dividend Forecasts for the next 12 months.

In my portfolio, when Genting was 5.30...Maybank was 8.30...3 ringgit difference...

...now, more than 4 ringgit difference....banking stocks outperform among the recoveries.....

https://www.thestar.com.my/news/world/2022/02/20/macron-and-putin-agree-to-take-action-to-preserve-peace--elysee

PARIS (Reuters) - French President Emmanuel Macron and Russian counterpart Vladimir Putin agreed in a call on Sunday on the need to find a diplomatic solution to the Ukraine crisis, Macron’s office said on Sunday.


The two countries’ foreign ministers will meet in the coming days to that effect and will work on a possible summit at the highest level with Russia, Ukraine and allies to establish a new security order in Europe, the Elysee palace said.

https://www.thestar.com.my/news/world/2022/02/20/macron-and-putin-agree-to-take-action-to-preserve-peace--elysee

PARIS (Reuters) - French President Emmanuel Macron and Russian counterpart Vladimir Putin agreed in a call on Sunday on the need to find a diplomatic solution to the Ukraine crisis, Macron’s office said on Sunday.


The two countries’ foreign ministers will meet in the coming days to that effect and will work on a possible summit at the highest level with Russia, Ukraine and allies to establish a new security order in Europe, the Elysee palace said.

Cheers......

No. MBB is saving any new shares issue for DRP instead of Bonus.

It's better to reward shareholders with high dividend (inclusive of DRP) than bonus issues...because ex price from dividend can easily recover but price adjustment from bonus cannot recover.

@sreemani1316.....it's a million dollar question :)

...but for long term investor who is looking for value, at current price it's still super cheap if you make comparison to regional banks like DBS Group of Singapore.....the stock trades up 41% compared to a year ago, PE 15.8 times and dividend yield only 3.27%

https://www.google.com/search?q=share+price+of+dbs+group&sxsrf=APq-WBt79DusYaEsTLxCyrGf5SpnBYHCDQ%3A1644986873105&ei=-YEMYqHrBbvB3LUPl9GtwAg&oq=share+price+of+dbs+&gs_lcp=Cgdnd3Mtd2l6EAEYATIECCMQJzIECCMQJzIFCAAQgAQyBggAEBYQHjoHCCMQsAMQJzoHCAAQRxCwAzoHCAAQsAMQQ0oECEEYAEoECEYYAFDMDVj0EWClKmgBcAF4AIABVYgBrQKSAQE0mAEAoAEByAEKwAEB&sclient=gws-wiz


...MBB is only trading at about 13 times earning and a dividend yield of plus 7%

Wow...what a great effort!

Who says there is no free lunch?

ATK has given you all a free lunch :p

May be before the dividend ex date can hit :p

8.57....what an exciting week....

....Happy Weekend to all MBB shareholders....

Yesterday foreign fund net bought 228m....taking 2 days total to more than half a BILLION.....

Yesterday foreign fund net bought 228m....taking 2 days total to more than half a BILLION.....

@Jaya26, yes...current foreign holding of 16.41% is still very low versus its' peak of 25.99%....

....hope there will be more foreign buying in coming months.

Noted, thanks jeff.

Wow.....

...choysun toll....

...kung hei fatt choy :)

Agree, future price nobody knows, it's just a prediction :)

@TreeTopView...this is just short term trade....at current price, this is still a good long term hold.

Banking stocks should be good investment for this year and next.

Happy investing :)

This banks was up sharply yesterday, foreign fund net bought 280m shares yesterday.

This stock is a foreign fund favorite.

For Malaysian banks, if you want the best dividend yield, you buy MBB.

If you want good appreciation (at current prices), you buy CIMB.

RHB Bank rose and tested the RM5.65 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM5.89, followed by RM5.97. The downside support is marked at RM5.41. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.65

Target: RM5.89, RM5.97 (time frame: 2-4 weeks)

Exit: RM5.41


Source: AmInvest Research - 10 Feb 2022

@TreeTopView....haha there's one super sick in Genting forum who declared that he has sold all his banking stocks...hoping to create some negative sentiment on banks just because he doesn't own MBB....haha...really laugh die me, this super sick.

Very Gooooodddd ........

Posted by StartOfTheBull > Feb 9, 2022 4:41 PM | Report Abuse

Haha. Maybe cut loss or cut win already.


_______________________________________________________________________

haha....

Very exciting day today......more to come in coming days....

Wow...KLCI breached 1550....cheong ah.....

SSP888 sleeps liao....haha

Time to get on board for Banks' super rally this year and next.

Cheer louder, then only the price can cheong mah :p

Cheong ah............

Huat ah..................

Choysun tol....

Choysun tol.......

Kung Hei Fatt Choy........

Super Green Day....

My screen ALL green....

Genting...go...go...go....

Any smart investor who has sold all his banks stocks?

Congratulations to him.

Any smart investor who has sold all his banks stocks?

Congratulations to him.

https://www.theedgemarkets.com/article/wall-street-ends-higher-bank-stocks-rise-treasury-yields

The S&P 500 banking index rallied 1.9% after the benchmark 10-year U.S. Treasury yield hit its highest level since November 2019 on mounting expectations the U.S. Federal Reserve will start tightening monetary policy.

Shares of Bank of America Corp, JPMorgan Chase & Co and Wells Fargo all gained over 1%.

The S&P 500 banking index rallied 1.9% after the benchmark 10-year U.S. Treasury yield hit its highest level since November 2019 on mounting expectations the U.S. Federal Reserve will start tightening monetary policy.

Shares of Bank of America Corp, JPMorgan Chase & Co and Wells Fargo all gained over 1%.

https://www.theedgemarkets.com/article/wall-street-ends-higher-bank-stocks-rise-treasury-yields

Financial lead gain in US tonight....up 1%

Surprised.

1,006,000 shares shorted today.

Who is so brave ??

About 10 more trading days, and we will get to compare ang pau money with the No. 2.....let's see....

@intrigue83......Yes!

Heng Ong Huat to shareholders only.....

....Gong Xi Fa Cai to all MBB shareholders....

Wow.....lai liao

....anything higher is bonus

....lower is disappointment

@Jaya26.....IF higher than last year, then you will be correct :p

....last year's final dividend was 38.5 sen.

.....but I am only expecting 28 to 34 only :)

@intrigue83...announcement of dividend will be together with the release of 4Q21 report at the end of this month....announcement of ex date will be after AGM and payment will probably in May.

https://www.theedgemarkets.com/article/alternative-views-genting-hks-liquidation-start-new-era-lim

The best part of the liquidation of Genting HK is that it has assets in the form of the ships, aircraft, land and shipyards in Germany. Based on the figures in its 2020 annual report, the estimated recoverable amount from the cruise ships, aircraft and German shipyards is more than US$5.7 billion.

The total borrowings of the group as at the end of June last year are US$3.9 billion, out of which the default amount is about US$2.8 billion.

Top up some at 4.44....nice numbers....(bought back sold during July last year)....made trading gain of 46 sen :)

https://www.theedgemarkets.com/article/alternative-views-genting-hks-liquidation-start-new-era-lim

The best part of the liquidation of Genting HK is that it has assets in the form of the ships, aircraft, land and shipyards in Germany. Based on the figures in its 2020 annual report, the estimated recoverable amount from the cruise ships, aircraft and German shipyards is more than US$5.7 billion.

The total borrowings of the group as at the end of June last year are US$3.9 billion, out of which the default amount is about US$2.8 billion.

https://www.theedgemarkets.com/article/rhb-keeps-overweight-call-banks-december-data-continued-indicate-recovery-trajectory

For the sector, their top picks of Malaysian banks are CIMB Group Holdings Bhd (target price [TP]: RM6.30), Malayan Banking Bhd (Maybank) (TP: RM10.60) and AMMB Holdings Bhd (AmBank) (TP: RM3.90).