hhmm... 10 secs before break, thousands of bids suddenly disappeared... nice bait

wow, Maybank suddenly got second wind and jumped up 8.17

@risekita8 yes, gonna monitor first, not gonna have knee jerk reaction and be impulsive since I have standby funds

@stkoay thanks for clarification. going to monitor the next returns and decide. meanwhile my spare funds still available to pump in if it reaches RM8 or below

@stkoay thanks for the info. thought it was the same as EPF. meaning if i withdraw all my funds (zero balance) will i still get the interest on amount before I sold all?

@geniusraider yeah I know the risk. but am hoping they will extend as the surrounding units are not that cheap either. Am hoping that being a good landlord to them is enough compelling reason for them to continue on :-)

Sifu Stkoay and Tolle, thanks for sharing. Looks like my assets are not maximised.

Most of my funds parked in fixed income 70% (53%EPF, 11%ASN, 0.7%UT&PRS and 1.0%insurance savings), Equity around 21% and balance 9% at cash).

My best performing asset is surprise surprise... Insurance savings plan where Great eastern (30 year old asset) yields between 7% - 15% annually while AIA (10 year old asset) yields between 6% to 8% annually. ASM1 yields 4.25% while 4.0% from ASM2. EPF ard 5%+ annually , UT and PRS around 3%. Worst performing is Equity at 4.63% (including Dividend and net Trade proceeds)

Might need to liquidate my ASN after dividend declared next year.

@geniusraider I have a unit rented out since last year. Rental was lower (even thought location was good) as tenants squeeze due to MCO but to mitigate this my condition was for them to rent 2 years instead of 1 .. at least I wont have headache for the next 2 years since I am accepting a slightly lower rent. hopefully they will renew come next November.

Sifu Stkoay and Tolle, just wondering, does your portfolio shareholdings include your EPF too (assuming you are working)?

@arb18 dont forget Sumatec!!!!

Buy and Hold

@stkoay I hear you. yes, fortune indeed favors the brave.

@stkoay agreed that the stamp duty wont really matter if we keep long term and collect dividend.

for current trend I observe that for Tenaga and Maybank I feel that big boyz are shaking the mango tree. they will pick off those fruits that fell from the tree, thats why you see the back and forth going on daily.

the trend I noticed for both (more so for MBB) is that every morning it goes up a little to trap anchovies, than mid afternoon the selling pressure comes on, presumably FF starts work that time. than miraculously the stock price will shoot back up during closing. we have all seen this move before and we can call it window dressing or naught, that's the current pattern that I foresee will carry on at least until just before Xmas where the price will fall in view of Western Countries taking a long period of holidays. But that's only my observation which I could be wrong altogether, haha

nonsense comment

3.30pm, FF's turn

nice increase for past 2 days. unfortunately I missed buying more at 8.01 while waiting for my Tenaga funds to clear

@stkoay yeah, pulled the trigger as Tenaga had (in my opinion) a lot of baggage at the moment. Even my remisier average down at 9.20 too before it continue to dropped further and agreed with me that MBB is a better defensive stock and had done the correct thing to sell down Tenaga.

I have not bought MBB yet after diversifying from my Tenaga shares. I parked my Tenaga funds at 7.80 but may buy anywhere between 7.90. Meanwhile if Tenaga drops to 8.80, I might consider it again

it will drop below 9.00. luckily I cut loss and sold 9.28. might pick up once LHDN issue is over.

you do know that you need to shower daily don't you?

damn, the price is really free falling for all blue chip stocks. this stamp duty increase by 50% is really bad for business. the fall in price is not due to Omicron its due to bad for business economic policy thats scaring all big funds. I foresee it dropping further and likely settle by month end due to the 1 Jan 2022 dateline - possibly sooner. best to stay at sidelines and wait see and pick up when the situation clears up. I am expecting KLCI index to drop further down to perhaps the 1450s level. but i hope that I am wrong.

Price dropped firstly FF and local institutions are selling due to poor prospect for the stock at the moment. the IRB tax case has been postponed several times and now scheduled for Jan 22 with another IRB tax case involving Malakoff appeared at the wrong time. Tenaga ESG issue targeted to resolved in 5 years considered a long term issue - at least that's what my remisier shared. discounts on electricity wont effect much as the government will allow Tenaga to pass the increase costs to consumer by increasing price - having said this, the next renewal period is currently being reviewed.

On this note, the way the share price has been dropping is worrying - it will be very difficult for it to go back above rm10 without FF and EPF participation. I believe it will be some time before the price will go back up.

sue here, sue there,.. question is can dead cat bounce??

https://www.youtube.com/watch?v=ERqbQlrq05Y

yes... anytime now... I think Tenaga too. hoping for good news for all... about time

wow... i was only off the grid for only a week (moving house so relocating maxis line la) and so much has happened in MBB i3 forum.

@sifu tolle just ignore the 'you know who' la.... MBB price will fluctuate for sure. stay true to your believe as I mentioned before MBB price is one tough cookie, it will keep bouncing up and down. it's normal some cash out, some take opportunity to collect. BAU. no need to respond to any troll who loves to trigger for attention all the time.

@sifu stkoay slow month surely. next exciting date to look forward will be in December 17, BESIDES the usual holiday fare.

no matter how many who put MBB down, the price still cannot be shaken below 7.99 this stock is one tough cookie

this is a test case. you think court will give landmark ruling? not impossible but very unlikely

@supersinginvestor if you ask my advice, you better go hang out at either in Serbadk or SCIB or Kpower. since the first 2 suspended, go to Kpower and try your luck there. damn good value woh

finally, the retail investors here are right. this is a long term stock. a very long term stock

in the end, the real losers are the retail investors.. no one else. big fund wont give 2 hoots, they just manage the fund and move on from losses. what about small retail investors? can they move on?

did you know that anybody can sue anybody? question is can win or not? if not why sue? i was told that cases can drag for many years. guess who's paying for legal fees? guess who stands to lose if this drags on for few years?

going up... something brewing... this week is QR release

next week most probably 26 Nov, QR3 will be out. in anticipating the price will shoot up.

next week QR3 will be out. 26 or 27 Nov. here's hoping for the better results

losing the phone is okay as you wont be reminded daily. getting your money stuck in shares you cant trade with paper loss every day, that is something else

please tell that to the kwai lo fund managers

guys, make sure you tune in at 3.00pm to 4.00pm, kwai lo, foreign funds wake up that time to trade

I want to park at rm0.005 can get or not? wait I cant, order sure reject.. cause share suspended

wait... did someone say SUMATEC???

dont forget waterfish also

lol

i dont buy penny stocks because of reasons like this... bcos of low price, once the price starts falling, very little chance to salvage the situation. it's like rolling the dice and hope for upswing

try buying 10,000 of Tenaga .. then only got power mahh

funds having last chance to goreng and sailang to minimise dmg before auld lang sine

I just broke a small tear... reminds me of Sumatec

is this the 11.11 sale???? so early???

damn cheap and good value wei... please build up your supertankers, battleships... and make sure buy some frigates and destroyers too.. otherwise GG

@stkoay I stand corrected its not Serbadk but KPower

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-06-25-story-h1567026581-Retraction_Apology_On_Kpower_7130.jsp

name already laughing stock. why ask people to buy the counter he bought if super confidence? other investors steady only sit back and enjoy the ride

forget this loser Calvin Tan. he wrote a Serbadk piece and then retracted it the next day possible bola Kecut after warning by Serbadk

Banking - Improving Trends

Author: HLInvest | Publish date: Mon, 1 Nov 2021, 10:52 AM

Both system loans and deposits growth picked up momentum to 2.9% and 4.7% respectively. Similarly, leading indicators and asset quality have improved. As for NIM, we see it coming under slight pressure premised on brewing deposit rivalry and limited scope for further CASA expansion. Despite largely positive developments, we expect knee-jerk reaction to share prices, no thanks to ‘Cukai Makmur’. We advocate to accumulate on weakness, especially if the pull back is close to 10%. Keep OVERWEIGHT; BUY ratings include: Maybank, Public, RHB, and Affin.

Sep-21’s loans growth picked up momentum to 2.9% YoY (Aug: +2.5%), led by the business (Biz) segment, which strengthened to 2.3% (Aug: +0.8%); this was primarily buoyed by working capital financing (+3.8%). However, household (HH) lending stays tepid at 3.2% (Aug: +3.4%) due to weak auto (-0.6%) and personal loans (-0.5%). For now, overall system loans growth continues to trend beneath our +3.0-3.5% full-year FY21 estimates but we expect this to further gain traction at the later part of the year, given economic reopening.

Leading indicators improved. Loan applications expanded 12.5% MoM on the back of stronger HH credit appetite (+31.8%) but Biz remained sluggish (-9.6%). Similarly, loans approval saw an improvement of 13.7%; this was fuelled by accommodative HH (+30.9%) but again Biz was lacklustre (-0.1%).

Deposits growth also gathered steam to 4.7% YoY (Aug: +3.7%) as FD contraction has narrowed (-1.7% vs Aug: -2.8%) while other deposits grown faster (+5.4% vs Aug: +1.5%). Overall, Sep-21’s loan-to-deposit ratio remained flattish MoM at 87% (near to Feb-18’s peak of 89%). We understand there is brewing deposit rivalry in the market.

Asset quality seems to have mended as gross impaired loans (GIL) ratio decreased 10bp MoM to 1.57%; this was aided by Biz, which declined 26bp while HH nudged up 1bp. Regardless, we expect GIL ratio to rise but would not be overly worried as banks have already made heavy pre-emptive provisioning in FY20 and we reckon credit risk has been adequately priced in by the market, looking at the elevated NCC assumption utilized for FY21 by both us and consensus (above the normalized run-rate but below FY20’s level). Moreover, the Government and BNM will remain supportive in helping troubled borrowers, limiting a significant deterioration in GIL ratio.

Interest spread widened. Average lending rate expanded 5bp MoM while the 3-mth board fixed deposit rate ticked up 1bp. As consequence, the spread widened by 4bp. Nevertheless, we expect net interest margin (NIM) to be under slight pressure given brewing deposit rivalry and limited scope for further CASA expansion.

Maintain OVERWEIGHT. We expect knee-jerk reaction to share prices due to ‘Cukai Makmur’; we estimate sector earnings impact is -10%. However, it is a one-off event and more importantly, Covid-19 woes are seen to fizzle out in 2022 while the state of the economy and banking sector will only get better in time. Moreover, valuations are still undemanding and there is ample liquidity in the market. As such, we advocate to accumulate on weakness, especially if share prices pull back by c.10%, similar to our ‘Cukai Makmur’ profit impact calculation. BUY ratings include: Maybank (TP: RM9.40), Public Bank (TP: RM4.50), RHB (TP: RM6.85), and Affin (TP: RM2.15).

Source: Hong Leong Investment Bank Research - 1 Nov 2021