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

@Aaa123 at least I am not attention seeker who has Daddy issues craving for fatherly love like you.

@stkoay congrats.. 4.50.55pm and 4.51.03 had 7779lots sold. MBB will pick up soon judging by the constant badgering for past few days. so my remisier was right

@tollebunsmith, Aaa123 is most prolly a troll created to plant doubts judging by his questions which are the same. best to ignore him. prolly Supersing alter-ego

@Aaa123 you are also not in the list, does it affect you? btw newbies should consider Serbadk, SCIB, KPower, etc currently hot stocks at the moment.

@tollebunsmith agreed with you but unfortuately I don't have fresh funds as in between jobs at the moment and my other funds locked in long term funds (ASN) and insurance.

Btw, noticed your brokerage is 1.2% which broker are you using? I am using MIB and at 1.0% brokerage only

@stkoay just lucky to grab. took a hit on Tenaga for liquidating at a loss but no regrets as the potential price upswing will negate the losses. just unfortunately couldn't buy more

@tollebunsmith sifu, dont ask him go Tenaga la.. dun want to see him there as well la :-) Ask him to go Serbadk or SCIB or AirAsia or something

yeah so what? I already mentioned that it will go down a bit more before picking up. foreign funds start trading at 3.00-4.00pm. This morning trade is local fund.

Analysts stay bullish on banks

Analyst Reports Tuesday, 02 Nov 2021 8:51 AM MYT

KUALA LUMPUR: Cukai Makmur notwithstanding, analysts remain bullish on the banking sector as September banking system data continues to point towards an economic recovery.

In a note, Maybank Investment Bank Research said it remains positive on banks as the pace of contraction in working capital loan applications is slowing and looks set to turn the corner.

"With the gradual opening up of the economy, we expect loan growth to strengthen in the coming months and maintain our industry loan growth forecast of 3.8% (annualized 3.4% end-Sep 2021)," it said.

It added that the one-off Cukai Makmur is expected to dampen banks' earnings in FY22 but a possible offset could be lower-than-expected provisions.

Meanwhile, RHB Research said the healthy uptick in system loans in September, which offsets the month-on-month contraction in August, points to a sequentially stronger loan growth for 3Q21, albeit modest.

It said net interest margin will likely be stable given the still-healthy CASA growth and unchanged policy rate while asset quality will remain steady due to the various relief assistance provided by banks.

"Banks remain the best proxy for the economic recovery and rate hike cycle, while the impact of the National People’s Wellbeing and Economic Recovery (Pemulih) moratorium is expected to be manageable, given the very targeted scope," said RHB, which maintained its "overweight" call.

The research firm noted that system loans in September rebounded 1% m-o-m, helped by the phased relaxation of lockdown measures.

The rebound was led by working capital loans, mortgages and loans for purchase of securities.

Reflecting the pick-up in economic activities, lending to the non-household segment rose 1.5% MoM, outpacing the 1.0% MoM increase in household loans, added the brokerage.

System loan applications on a three-month moving average basis was up 2.6% m-o-m after falling 6% m-o-m in August.

Applications from the household segment increased 5.2% m-o-m, while demand from the business segment dipped a modest 0.8% m-o-m.

On a monthly basis, the growth in loan applications was sustained at 12% m-o-m, boosted mainly by the household segment.

In other September data, system deposits grew 1.4% m-o-m although current account savings account (Casa) growth momentum continued to moderate to 11.3% year-on-year.

System GILs declined 5.1% m-o-m mainly due to a sharp drop in working capital GILs while construciton and auto GILs fells m-o-m. The system GIL ratio ticked down to 1.57%.

SME financing grew 0.6% m-o-m in August with a broad-based improvement across manufacturing, wholesale and retail and construction being the key drivers.

https://www.thestar.com.my/business/business-news/2021/11/02/analysts-stay-bullish-on-banks

Actually after asking my remisier to look at my portfolio, he did suggested perhaps to pair down Tenaga for MBB as the latter DY is 13.04% while Tenaga is 8.28% atm. also Tenaga might be ignored by fund managers atm due to ESG and 5 years is a long time to expect Tenaga to resolve its coal issue. so yeah, a no brainer on this one

@AllYCB to share with you, I initially bought PBB at RM14.96 (or RM2.992/unit for perspective) in June 2020, I topped up more PBB till it's RM3.593/unit and again till RM3.796/unit. Since it's long term for me, i dun mind topping up even if it increases my average price as long as it's below the market rate.

Currently my portfolio holdings are MBB:PBB:Tenaga = 56%:13%:31% after pairing down Tenaga for MBB yesterday

it will also depend on your investment objective

@AllYCB if buying the stocks increase your average price a,little above but below RM8.00 but you know that come dividend time it shoots to Rm8.30, will you buy?

@Tothe moon now is 1 lot is 100 units, we don't say 1 lot 1000 units for sometime d

https://www.klsescreener.com/v2/news/view/903115

interesting read

@AllYCB yes it would as Dollar Cost Average applies. depends whether you are optimistic or pessimistic investor if u wonder to buy or not

@stkoay that clown better comment in his own Singapore market instead of being white noise here

haha.. matched all 102 lots at 7.99

my remisier says a good chance will drop a little tomorrow before picking up the next couple of days.. leaving it parked at 7.99

i think 7.99 can get. funds throwing

i parked at 7.99

just put in order for another 102 lots.. after rebalance some from Tenaga

hehe... lepas big shark minum teh pagi dulu ke?

josephn: Don't be so happy first, usually 9am -10am is ikan bilis trading time, big shark operate 10am onwards, great force selling pressure coming

*NEWSFLASH* Somewhere in the north Atlantic ocean.. large ships can be spotted circling dangerously close to the Bermuda Triangle... attempts to contact the ships captain remain futile. we urge the public to remain calm and drink Kool Aid. we will keep you posted of any new developments. Stay tuned

@tollebunsmith : I checked last night around 2.00am and it was not in yet (woke up to feed hungry baby la) and I guess as much that it will only be updated early morning by brokers as you rightly pointed out. More to satisfy my curiosity than anything else. Glad to note that qty shares added but not affecting the average cost price in portfolio. will top up more when the opportunity arises and right price comes before next dividend comes next year. meanwhile parked some spare funds in IGBREIT while waiting

thanks linges

@stkoay Thanks bro, yes I got the cash this morning but thought the shares will also same day/time. I'll keep a look out for it.

@Ipalani49 I downloaded the Maybank document from their website but it doesn't really say when, that is why I asked - and yes I did try and google for that info this morning before asking.

@tollebunsmith : thank you bro for that helpful and useful answer. This is my first DRIP so not sure how this works.

when will the DRIP shares be credited into our trade account since the Dividend paid out today?

possible... last year was 58 sens... 60 would be possible

....digesting...and....processing....

Good question. To understand whether investors value the counter or not, a good indication would be to see the amount of premium they are willing to pay compared to the NTA.

NTA for PBB and MBB is 2.44 (sell price RM4.20) and 7.20 (RM8.30) respectively while NTA for RHB and CIMB is 6.86 (RM5.75) and 5.84 (RM5.15) respectively.

other non tangible reasons are perceive management of the bank. if the bank is well managed and potential for growth, investors will be willing to pay.

Tenaga also involve in EV opportunities

https://paultan.org/2021/09/28/dhl-tenaga-nasional-partnership-set-to-introduce-pure-ev-delivery-vans-60-kw-fast-chargers-by-1h-2022/