Near-term challenges notwithstanding, we continue to like the Group’s prospects, underpinned by its M25+ initiatives. Our earnings estimates are left unchanged, alongside the introduction of FY25 numbers, with Outperform call and TP of RM9.70 retained.

Source: PublicInvest Research - 28 Feb 2023

https://klse.i3investor.com/web/blog/detail/PublicInvest/2023-02-28-story-h-297278248-Malayan_Banking_Berhad_Steady_Performance

Haha....good quote

We continue to expect MAYBANK to provide the most sustainable returns via its consistent market leading dividend yields (7%-8%) despite us toning down our numbers. This is further secured by the group’s long-term vision to ensure operational sustainability remains in check, and affirm its leading position in the market. MAYBANK is one of our 1QCY23 Top Picks.

FY22 net profit of RM8.23b (+2%) and full-year dividend of 58.0 sen came within expectations. Deposits competition will put pressure on profitability though the lapsing of prosperity tax and possible writebacks would translate to substantial growth in the coming year. Maintain OUTPERFORM but with a lower GGM-derived PBV TP of RM10.10 (from RM10.40) on more moderate FY24F BVPS. MAYBANK is still a Top Pick for 1QCY23 for dividend yield sustainability.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-02-28-story-h-297279336-Malayan_Banking_Compression_Imminent

Yesterday was so happy, telling long long jokes....today disappear liao....poor jokers.

Where are the jokers today ??

@Cslee1215, Agree !

MIDF Research maintains their ‘positive’ call on the sector.

“We believe that any weakness is a buying opportunity, especially given that banks offer attractive dividend yields,” it said.

Kenanga’s last call on the sector was ‘overweight’, noting banking stocks would be firmly held up by resilient earnings.

https://www.freemalaysiatoday.com/category/highlight/2023/03/14/malaysian-banks-tumble-on-knee-jerk-reaction-to-svb-collapse/

https://www.freemalaysiatoday.com/category/highlight/2023/03/14/malaysian-banks-tumble-on-knee-jerk-reaction-to-svb-collapse/

“(For those worried about the same issues here), look for banks that have lower portfolio investment risk, like Public Bank, and with high capital ratios like Maybank and RHB Bank,” Chua advised.

MIDF Research maintains their ‘positive’ call on the sector.

“We believe that any weakness is a buying opportunity, especially given that banks offer attractive dividend yields,” it said.

Kenanga’s last call on the sector was ‘overweight’, noting banking stocks would be firmly held up by resilient earnings.

Haha.....how many days discount you want choysun ? :p

When price drops due to sentiment and not due to any fundamental change......it's time to buy buy buy.....

Ha ha....

@Cslee1215.....These jokers introduce themselves as people who cannot afford to own shares but have plenty of free time to tell jokes....lol

Buy at current price, lock up in the drawer, open a bank account for the dividend to be credited.....

....after 14 years, go check your bank account, you will realize that the shares locked up in your drawer if FREE OF CHARGE :)

@sifu ATK, where is your other friend who bought above 5 and cried mama papa come to me when price was 4.7+ :p

Bro Jeffchan.....no, the last time I bought was 8.65, this morning price is still higher....no hurry, will only top up if it's lower.

@1invest1.....I think he logged out, forgot his password and unable to log in again.....haha
....hope he is safe and well.

@1invest1 Welcome to the "Dividend Club"
...this is the stock....you buy....lock in your drawer....
.....every 6 months enjoy your passive income .....and sleep peacefully at night.

One of the good 3 SIBs Bank.

She is monitoring rich bank promoters especially....hahaha LOL

@prudentinvestor....some Genting promoter do not even own Genting shares....she is spending her free time busy busy monitoring other people's wealth....LOL

Just in case the Mat Terus don't know what SIBs stand for....

...it is Systematically Important Banks......

....they are Maybank, Public Bank and CIMB.......

After this SVB incident, may be potential depositers might reconsider where is safer to park their deposit.......

.....it might be positives for the SIBs......to attract more deposits......

Just in case the Mat Terus don't know what SIBs stand for....

...it is Systematically Important Banks......

....they are Maybank, Public Bank and CIMB.......

After this SVB incident, may be potential depositers might reconsider where is safer to park their deposit.......

.....it might be positives for the SIBs......to attract more deposits......

NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077
NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble.


A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.”

Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted.

“Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing.


Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks.

Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains.

https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077

Who is this mas terus who only knows how to spread fear and nothing else??

Yes, one is real sifu, the other two is real cheer leader :p

Posted by prudentinvestor > 44 minutes ago | Report Abuse

Should have committed fresh money rather than switching counters. Both are good banks.

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Agree !

KWAP bought 23m of ASB's placement of 94m......meaning BIG institutional funds bought the remaining.....this is positive.....these funds who take up might continue to buy.....and less likely for ASB to sell more in open market.

https://www.theedgemarkets.com/node/658161

New Substantial Shareholders.

https://klse.i3investor.com/web/insider/detail/NSBSH_15156_43722810

Congratulations.

Welcome to the "Dividend Club"

@pang72......wait, let me ask the BIG boys......haha :p

CIMB also go ex on 13th March, but payment on 12th April.....this one is better haha :p

@1invest1........if you look into the portfolio of ASM, ASM2, ASM3, ASB & EPF.....most of these funds hold quite substantial shares...these funds are fixed income fund....so they need high dividend payout to pay dividend to units holders....and as PBB paid one of the lowest yield among banks....there could be some switching by these funds....as they hold less than 5% and need not report, there is no way to confirm.....it's just my guess...I could be wrong also.

Can start to buy back earlier :p

Wow....last year 14th April......
...this year 24th March

Thank you Maybank

29.6 million shares done at 4.13 during pre close

Wow.....BIG volume done in single trade during pre close

Theorically, if all these fixed income fund parked 100% in Maybank, then they can easily give 6% dividend after deducting some management fee....BUT they cannot do so as they need to spread out their portfolio....that's why they are currently giving about 4% only.

The launch of additional 5B for ASM will also be good as Maybank is ASM top holding...

With Management targeting a ROE of 10.5 to 11%, if dividend payout remain at current % of about 85%.....we can expect a dividend of 63/64 sen for FY2023.

For the past 2 weeks, ASB has been buying....now that they will receive RM1.17B CASH from the dividend payment, I think they will continue to buy....

Posted by Pinky > 2 hours ago | Report Abuse

part of the reasons why so many ppl attack Genting here is becos there is an annoying fanboi @emsvsi who every day shout nonsense here

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Agree !

Hope you get good capital gain from the "other counter"
...cheers.

@choysun.....ATK called the nicest guy in i3......and very diversify also i guess....own so many banks :)

I noticed that previously with MBB.....major shareholders sold before the ex date announcement (during price fixing)

That's the problem with drp.....major shareholder will try to keep the price low during the price fixing.