https://www.thestar.com.my/business/business-news/2023/05/09/market-to-gain-from--epfs-domestic-proposal

Wow, very good homework done.
....this is what I call smart investor :)

@prudentinvestor, if they use the 2.2B to do DIY DRP.....how much Maybank shares can they buy?? :p

ASB has pocketed 1.14b CASH DIVIDEND recently......

May be should also ask PNB to increase domestic investment :)

https://www.theedgemarkets.com/node/665915

PM wants EPF to raise domestic investment level to 70% this year, from 64% in 2022

Now, when people talk about coming recession, you BUY.

https://www.cnbc.com/2023/05/06/buffett-explains-value-investing-what-gives-you-opportunities-is-other-people-doing-dumb-things.html

Warren Buffett on Saturday boiled down value investing, the strategy that has helped him amass his wealth, in one sentence.

“What gives you opportunities is other people doing dumb things,”

Google figure shows DBS is trading at 10 times PE...so, it's quite attractive.
It's dividend yield of 4.8% is lower than MBB though.

I only invest in Malaysian Stocks so no need to factor in currency fluctuation....easier to manage.

https://klse.i3investor.com/web/pricetarget/research/67156

On Bank Islam, we have lowered our FV to RM2.30/share from RM2.80/share after factoring in higher credit cost assumptions of 35bps/30bps for FY23F/24F from 20bps previously.

Source: AmInvest Research - 5 May 2023

New CEO Boleh, I guess :)

This year dividend also came in earlier than last year.

Door gift in today......so many shareholders attended....this company is now very efficient.

Looking at DBS 1Q report, this one probably also benefit from high interest rate in Singapore.

....slow like a tortoise...haha
....but steady.
....at 4 week high.
.....1Q will be out on 24th May, if it's good..then will probably break 9

Wow....up 10, long time no see such BIG up..
....congrats to those who bought recently....

Posted by speakup > 16 hours ago | Report Abuse

Everybody knows. It's no secret

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Some "little non investor" who only knows gaming stock, refused to know.....haha

@prudentinvestor, wise recommendation.

Posted by kyliew > 2022-09-23 12:05 | Report Abuse

Malaysia: Beyond Repair Or Salvation – OpEd
https://www.eurasiareview.com/12112021-malaysia-beyond-repair-or-salvation-oped/

Posted by kyliew > 2022-09-22 09:29 | Report Abuse

2023 will be challenging for all countries, says Tengku Zafrul
https://www.freemalaysiatoday.com/category/nation/2022/09/21/2023-will-be-challenging-for-all-countries-says-tengku-zafrul/

FedEx CEO says he expects the economy to enter a 'worldwide recession'
https://www.youtube.com/watch?v=d8ykfpGooc4

Citi CEO Says US Will Have Difficulty Avoiding Recession
https://www.youtube.com/watch?v=cSUFXni1K8U

Elon Musk Says a US Recession Is More Likely Than Not
https://www.youtube.com/watch?v=gk-e6ybJ76I

Posted by kyliew > 2022-09-30 23:52 | Report Abuse

The Great Financial Crisis 2.0 Has Started
173,719 views Sep 30, 2022
ClearValue Tax
1.53M subscribers

https://www.youtube.com/watch?v=1cPD_eU5GCo&t=29s

Posted by kyliew > 2022-10-13 23:52 | Report Abuse

Be prepared for long stock market downturn, say expertshttps://www.freemalaysiatoday.com/category/highlight/2022/06/22/be-prepared-for-long-stock-market-downturn-say-experts/

Source: AmInvest Research - 3 May 2023

Source: AmInvest Research - 3 May 2023

April foreign selling slowed down. Amid tapering concerns of another global financial crisis triggered by sharp US Federal Reserve interest rate hikes, net foreign outflows dropped 81% MoM from RM1.3bil in March to RM251mil in April, which was largely offset by local institutions’ net buying of RM213mil (Exhibit 6-8). Most of the April foreign net selling pressure was in banks with the rest in technology, healthcare and REITS, involving CIMB Bank, RHB Bank, Public Bank, Tenaga, Top Glove and Inari Amertron.

However, foreigners were net buyers in Maybank, Hibiscus Petroleum, Malaysia Airports and Genting Malaysia (Exhibits 2-3).

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2023-05-03-story-h-271599215-Strategy_Milder_foreign_selling_pressure_in_April

April foreign selling slowed down. Amid tapering concerns of another global financial crisis triggered by sharp US Federal Reserve interest rate hikes, net foreign outflows dropped 81% MoM from RM1.3bil in March to RM251mil in April, which was largely offset by local institutions’ net buying of RM213mil (Exhibit 6-8). Most of the April foreign net selling pressure was in banks with the rest in technology, healthcare and REITS, involving CIMB Bank, RHB Bank, Public Bank, Tenaga, Top Glove and Inari Amertron.

However, foreigners were net buyers in Maybank, Hibiscus Petroleum, Malaysia Airports and Genting Malaysia (Exhibits 2-3).

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2023-05-03-story-h-271599215-Strategy_Milder_foreign_selling_pressure_in_April

@prudentinvestor, Yes....Cheers....

Now, KLCI is at 14++............ when markets and economies stabilized, and KLCI trades at fair value of 16++ ..............Maybank at above 10 is quite achievable.....

....and with the surprise OPR increase, ROE could be on the high side of target.....
....which is about 10% higher than last year....and if payout percentage ratio is maintained, then we can hope for a dividend of 62/64 sen....

During AGM this morning, management also maintained....FY23 targets: i) ROE of 10.5-11%, ii) NIM compression of 5-8bps.....

....this is positive bcos CIMB has said NIM compression is higher than expected during the sell side briefying few days ago

@prudentinvestor....I didn't say your prediction was wrong....what i was trying to imply was that with management highlighting what would have been....we can predict more accurately....
.....cheers :)

PETALING JAYA: Bank Negara Malaysia has resumed monetary tightening after raising the overnight policy rate (OPR) by 25 basis points (bps) to 3% following its Monetary Policy Committee (MPC) meeting today.

The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25% and 2.75%, respectively, BNM said in a statement today.

https://www.freemalaysiatoday.com/category/highlight/2023/05/03/bnm-raises-opr-to-3-in-surprise-move/

Posted by prudentinvestor > 1 day ago | Report Abuse

Without prosperity tax and a projected 4% growth in Malaysia's economy this year, Maybank's full year earnings should improve to at least 70 sen a share.

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Management highlighted in their AGM today that Net profit for FY2022 would have increased 12.9% instead of 1.7% YOY if there was no cukai makmur last year......do homework for this year projection :)

I heard one uncle said one of the reason he chose PBB over MBB is because of poor customer service at MBB........

.....BUT survey results differ from his opinion.......

https://www.freemalaysiatoday.com/category/business/2023/05/02/maybank-uob-and-stanchart-crowned-top-3-banks-in-malaysia/

PETALING JAYA: Forbes has partnered with market research firm Statista to collect customer feedback in order to uncover the world’s best banks in 2023.

According to the survey, Malayan Banking Bhd (Maybank) claimed the top spot for the best bank in Malaysia, followed by United Overseas Bank (UOB) and Standard Chartered in third place. Singaporean OCBC and New York-based Citibank claimed fourth and fifth place respectively.

Statista surveyed more than 48,000 customers in 14 languages and 32 countries for their opinions on their current and former banking relationships.

Banks were rated on customers’ general satisfaction (30% of the final score) and whether they would recommend the bank (30%).

The final 40% came from customer ratings in five key areas: trust, terms and conditions, digital services, customer services and financial advice.

Public Mutual all funds totalled about 94b

.....Maybank, Islamic Wealth Management alone is 65b....and growing at 20 to 30% since launch in mid 2021....

https://www.theedgemarkets.com/node/665245

KUALA LUMPUR (May 2): Maybank Islamic Bhd, which managed assets under management (AUM) of about RM65.2 billion for 60,000 clients under its Islamic Wealth Management (IWM) division as at February this year, aims to expand the client base to 100,000 in two years.

He said since its launch in June 2021, the IWM service had seen an encouraging growth of about 20% to 30% in AUM year-on-year, which typically includes deposits, investments and takaful.

https://www.theedgemarkets.com/node/665095

CIMB is the No.2 holding of ASM.
...with new RM5b coming....sure will continue to add kaw kaw....
....huat coming...... :)

https://www.asnb.com.my/img/banner/2023/ASM/ASMFAQ%20-%20ENG.pdf

Maybank is the No. 1 holding of ASM.

https://www.asnb.com.my/img/banner/2023/ASM/ASMFAQ%20-%20ENG.pdf

@jeffchan1901, yes PBB growth potential is not as good as the regional banks like MBB n CIMB but they have the best asset quality.
....EPF always try to act like a stabilizing force.....they will sell when their holding goes up too fast and buy to cushion the fall when there is selling pressure....
....lately, they have been taking some profit on MBB while ASB has been accumulating....and buying this one due to persistent selling pressure.

They also hold quite substantial PBB......

ASB holds 3.844B MBB shares worth RM33.44b at current price..
.....every 1% yield equals RM334m

@nikicheong......MBB paid....
64 sen 2019
52 sen 2020
58 sen 2021
58 sen 2022

I suspect fixed income fund like ASB and ASM are switching to higher dividend yield stock....as a long term fixed income fund, dividend is more important than capital appreciation.....there is more certainty if one is buying for dividend than capital appreciation esp. in the current weak market.