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2022-09-16 10:34 | Report Abuse
In US, financial was also the only green last night.
Bank of America and Wells Fargo closed up 1.8%
2022-09-16 10:32 | Report Abuse
https://www.cnbc.com/2022/09/15/european-markets-open-to-close-data-news-and-earnings.html
European markets saw choppy trade Thursday, although banking stocks maintained strong gains.
Banking stocks, however, added 1.71% following a Morgan Stanley analyst note upgrading the banking sector. The euro zone bank index hit its highest level since June 10, Reuters reported.
2022-09-14 19:09 | Report Abuse
https://www.theedgemarkets.com/article/malaysia-likely-meet-annual-gdp-growth-77-%E2%80%94-jpmorgan
KUALA LUMPUR (Sept 14): JPMorgan is optimistic that Malaysia will be able to meet annual gross domestic product (GDP) growth of 7.7% in 2022, which is likely to be one of the highest in the region.
According to JPMorgan Malaysia chief executive officer Wong Hooi Ching, the country’s economy is resilient with a strong banking system, supportive government and prudent corporate citizens.
2022-09-14 19:06 | Report Abuse
2022-09-14 17:15 | Report Abuse
My latest top up was early by one week.....hmmm.....may add a little tomorrow.
2022-09-14 17:12 | Report Abuse
For long term dividend investor, price weakness equal higher dividend yield.
For short term trader, price weakness equal weak technical equal don't buy.
2022-09-14 15:22 | Report Abuse
Those buying at current rice, will be paying only about 8.60 (net of dividend 28 sen)
...with dividend at about 58 sen, net dividend yield will be about 6.7% for next year.
2022-09-13 19:01 | Report Abuse
Will know when Parliament is dissolved.
2022-09-13 19:00 | Report Abuse
Some fund accumulating bullets for "feel good" project ??
2022-09-13 18:57 | Report Abuse
https://www.theedgemarkets.com/article/bursa-net-foreign-inflow-malaysian-stocks-spiked-rm198-bil-august
On a YTD basis, Bursa said the financial sector continued to lead in terms of foreign inflow at RM5.2 billion.
Contrary to the positive foreign inflow, Bursa noted that local institutions resumed their selling with the net selling amount intensifying to RM2.4 billion in August from RM41 million in July.
It said local institutions — the only net sellers in August — reduced their position in the financial sector by RM1.68 billion. On a YTD basis, they net sold the financial sector by RM4.1 billion.
2022-09-13 17:03 | Report Abuse
Haha.....may be need to change name to TokKokKing......
2022-09-13 12:40 | Report Abuse
Cannot move elsewhere cos fell in love with one stock only.......haha :p
2022-09-09 23:11 | Report Abuse
Long term investors have sold liao ah?
Haha :p
2022-09-08 11:57 | Report Abuse
https://klse.i3investor.com/web/pricetarget/research/64717
Retain our OVERWEIGHT stance on the sector with top BUYs on RHB Bank (fair value RM7.40/share), CIMB Group (FV RM6.70/share) and Maybank (FV RM10.30/share). For large-cap banks, we continue to like Maybank as our top ESG pick for banks and its attractive FY23F dividend yield of 7.3%.
2022-09-04 14:01 | Report Abuse
https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia
SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.
Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.
Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.
The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.
2022-09-04 13:58 | Report Abuse
https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia
SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.
Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.
Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.
The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.
2022-09-04 13:50 | Report Abuse
SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.
Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.
Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.
The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.
2022-09-03 14:43 | Report Abuse
https://www.thestar.com.my/business/business-news/2022/09/03/man-group-asia-stocks-will-be-first-to-emerge-from-downturn
MAN Group Plc expects Asian stocks to outshine other regions next year as softer inflation and the end of an earnings downgrade cycle set the ground for an early rebound.
Within the region, the hedge fund giant is betting on defensive stocks in India and South-East Asia while cautioning that equities across northern Asia remain more vulnerable to trade headwinds and the economic slowdown in China.
“A lot of the problems the west is dealing with right now around speculative bubbles, over-stimulus, inflationary pressure and scarcity of labour – all these factors don’t exist in Asia,” said Andrew Swan, head of Asia ex-Japan equities at the Man GLG unit of the London-based asset manager.
“The foundations are much stronger now in Asia than in other markets.”
2022-09-03 13:16 | Report Abuse
Yes, more than 700 points swing.....very volatile
...so, like Kenanga IB says.....buy high dividend yield stock.
2022-09-02 11:45 | Report Abuse
@LeonardLiong......ASW is Amanah Saham Wawasan.......Many years ago they used to pay dividend above 6%....but last 2 years it was 4%, this year it's 3.75%....so. I am switching out from the fund to top up Maybank.
These fixed price funds from PNB hold a lot of Maybank.....if they hold 100% maybank then they can easily pay dividend above 6%....but they hold many other blue chips that are not performing well......so might as well I managed myself by switching to Maybank.
2022-09-01 12:39 | Report Abuse
https://www.theedgemarkets.com/article/analysts-expect-banking-stocks-remain-resilient-rising-interest-rate-environment
As such, Kenanga maintained its "overweight" call on the banking sector, with top picks leaning towards dividend counters to shelter against uncertainties — Malayan Banking Bhd (Maybank) and Affin Bank Bhd.
"In terms of top picks, we still like Maybank, which we highlight for its stellar dividend returns (7% to 8%) paired by its commendable asset quality readings in spite of being the leader in loans and deposits share," it said.
2022-09-01 12:37 | Report Abuse
8.88 is good, am withdrawing ASW to buy....already bought some at 8.93 n 8.94 this morning.....happy switching.....
2022-08-31 17:49 | Report Abuse
Now, it is still price fixing for DRP......institutions want cheap DRP.....sure will not let run yet.....no need to rush to buy.....can wait for good price.
2022-08-31 12:53 | Report Abuse
@choysun.....RHB and CIMB give higher discount (about 10%) for DRP also.....
.....Maybank cannot afford to do that.....if they give big discount, then ASB will give big sell to take profit...haha..
....so a little is good, no need too much......also it will dilute future earnings.
2022-08-31 12:28 | Report Abuse
The quietness in forums lately means people are now cash rich.......which is a good thing for the next uptrend.......most people like to chase high and sell when there are negative news ....haha :p
2022-08-31 12:22 | Report Abuse
@choysun.....21 sen cash and 7 sen electable for DRP...meaning can take all 28 sen cash if don't want the 7 sen for DRP
2022-08-30 22:24 | Report Abuse
@choysun....quiet means all lari liao...haha...
...but that also means a lot cash is at side line, which is a good thing for next up trend.....cheers
2022-08-30 21:56 | Report Abuse
Total KLSE value done at RM2.715B versus 1.589B yesterday......walau eh...
....."feel good" rocket warming up liao
2022-08-30 21:28 | Report Abuse
Wow...so quiet.....report GOOD QR also no posting....haha :p
2022-08-30 21:21 | Report Abuse
@prudent.....why sell? I am adding....switching more from ASW n ASM....happy buying...hope won't go up yet :)
2022-08-30 19:58 | Report Abuse
ASW 2020.....dividend 3.75 %......half of Maybank dividend yield
2022-08-30 17:02 | Report Abuse
Total KLSE value done at RM2.715B versus 1.589B yesterday......walau eh...
....."feel good" rocket warming up liao
2022-08-30 16:52 | Report Abuse
9.6 million shares done in single trade at 8.97 during pre close
2022-08-30 16:16 | Report Abuse
@money.....HLB full year 2022 dividend is only 55 sen....
https://www.theedgemarkets.com/article/hong-leong-bank-4q-net-profit-32-higher-net-income-lower-provisions
Hong Leong Bank declared a final dividend of 37 sen per share, bringing the full FY22 dividend to 55 sen per share, with a dividend payout ratio of 35%. This compares to the dividend of 35.22 sen per share for 4QFY21 and 50 sen per share for FY21.
2022-08-30 12:26 | Report Abuse
Wow.....Kenanga, HLG and Aminvest IBs......say Buy Buy Buy
....over at Public Bank, these same IBs only say Hold Hold Hold :)
2022-08-30 11:57 | Report Abuse
After 2Q22 report, RHB-OSK, KENANGA, HLG and AmInvest Investment Banks all gave HOLD call on Public Bank......
......These same IBs, all gave BUY call on Maybank :)
2022-08-29 17:04 | Report Abuse
But cannot compare......cos RHB is considered smaller bank (smaller cap)
2022-08-29 17:01 | Report Abuse
RHB dividend should also be quite high if the 2nd interim can be maintained at last year level....
2022-08-29 16:56 | Report Abuse
After the others have reported....it's confirmed......this is the DIVIDEND CHAMPION !
2022-08-29 16:53 | Report Abuse
Nice.....traded higher after reporting.....
.....unlike the other one....traded lower after reporting :)
Stock: [MAYBANK]: MALAYAN BANKING BHD
2022-09-18 12:47 | Report Abuse
https://www.malaymail.com/news/malaysia/2022/09/18/protect-people-not-banks-guan-eng-tells-putrajaya/28767