I make investments based on a company's fundamentals, not on beautiful charts. Bankrupt companies also can have good charts.

It was trading at above RM5.70 at the beginning of the year. Easily the worst performing bank counter this year.

Foreigners own 30.8% of CIMB Bank. Could they be the sellers?
https://www.cimb.com/en/investor-relations/shareholding-information.html

Better privatize this company and concentrate on casinos. It is a win win solution.

Fast recovery. No more below RM9.

It has been quite stable over the past one and a half years, staying at above RM5 for most of the time. Good opportunity for long term investors to accumulate.

Unlikely to hold above RM5. Kapal mungkin sudah bocor sedikit.

Some people appear to know quarterly results earlier than others and take early action!

When RWG writes, everyone laughs.

Tenaga dipped to RM7.89 a share in October last year and went up to RM10 in mid February. I don't think many bought at below RM8 due to fear of recession, high coal and natural gas prices then and rising interest rates. Just to let you guys know, Tenaga's total borrowings today exceed RM60 billion.

RM5.50? Pray hard for another much severe pandemic to strike.

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-10-story-h-271389841-Stocks_stumble_in_jittery_mood_ahead_of_US_inflation

All banks drop today but tiger performs much better than other banks.

Wow! Drifting towards RM5. Definitely a good long term buy at RM5 and below.

Quite a bad fall today. Hopefully can hold above RM9.

Why invest in counters that give you sleepless nights? I have gradually switched to bank counters, mainly RHB Bank and Maybank over the past three years and am not worried about price fluctuations.

Indeed. If you are expecting a counter that would more or less guarantee you a dividend payment of not less than 55 sen a share yearly, Maybank is the counter.

You are only consoling yourself. You didn't expect Genting to report losses for the final quarter last year did you?

Someone on this forum had recommended investors to sell Public Bank and buy Genting. Public Bank has gone up but Genting has come down. One can be sure that Public Bank would turn in a first quarterly earnings per share of at least 8 to 9 sen but can't be sure how much Genting would make.

Its first quarter results are due to be released within the next three weeks. Investors are expecting better results.

Sold all my CIMB one and a half years ago for a very small profit. Bought at just over RM5 a share in early 2020 and didn't average down. Switched to Maybank and RHB Bank to enjoy better dividend yields.

I thought of buying back what I had sold earlier once it dipped below RM8.60 but eventually decided to jump in when it fell below RM8.90 quite a few days ago. Looks like it is on uptrend again.

Maybank still received over RM1.9 billion in dividends for financial year ending 31 Dec 2022 after excluding its cash entitlement which was reinvested into securities. At RM8.75 a share, this amount could buy 217 million Maybank shares or 1.8% of its paid up capital. Considering that over 98.5% of Maybank shares are in the hands of those holding over 100,000 shares who are mosty long term investors and are unwilling to part with their shares. Should ASB use the dividend received to buy Maybank shares, there could be a sharp rebound. It is anybody's guess how high Maybank could go.

Local bank sentiment had already been affected when the crisis struck about one and a half months ago. Several weeks prior to the crisis, Maybank was trading at around RM8.75 and RHB Bank at RM5.75. Maybank dipped to RM8.26 and RHB Bank to RM5.45 during the crisis. Now most US banks have recovered, though not fully from the losses. Maybank has fully recovered (more than fully recovered if we include the 30 sen final dividend). RHB Bank still has 20 sen to go.

Maybank's paid up capital is already over RM12 billion consisting of over 12 billion shares. Perhaps taking note of this fact, the management has decided to do away with the DRP this time. lol

With over 3.8 billion Maybank shares, ASB's total dividend receipts from Maybank alone should amount to over RM2.2 billion per year. This should constitute around 20% of ASB's yearly income. Not a small amount.

With earnings per share at around 65 sen and dividend at 40 sen for the past two years, RHB Bank shoud be trading at RM6.50. Anything less is illogical.

The US stock markets won't react so positively to an impending default. The possibility of a default is actually very small.

Friday's huge spike in Dow, S&P500 and Nasdaq suggests that a settlement may have been reached.

Investors who had bought RHB Bank at over RM6 a share about a year ago and did not average down still lose money even if the total dividends received/pending (65 sen a share in total) are included. Looks like RM6 is still elusive. Hopefully this is achievable by the month's end.

Companies with high debts would be badly hit.

DBS is a very well managed bank. I remember when it was still listed on KLSE 40 years ago, its share price was only about RM11 a share.

Keck Seng keeps most of its RM1 billion cash in US and Singapore Dollars. Any drop in the Ringgit against the US and Sing Dollas would also benefit the company.

Jangan usik dia anak Saturn. Dia masih berupaya mematuk awak. Masih kena berhati-hati.

For a cash rich company like Keck Seng, interest rate rises should benefit it tremendously. With a cash pile of RM1 billion, each percentage rise in interest rate should bring in an additinal pretax profit of RM10 million to the company. However, the perfomance of Keck Seng shares doesn't seem to indicate that it has benefitted anything at all from the rate rises.

"PN have 126 numbers"
Just like you claimed repeatedly over a month ago that Maybank would become Signature Bank, Public Bank would become First Republic Bank and CIMB Bank would become Credit Suisse, nobody believes it.

Just look at the total buy and sell order quantities, we can guess that retail participation is negligible. The big boys are buying and selling among themselves.

Over the past three to four years, I had only recommended bank stocks to those who sought advice on investments in the local stock market. I am also waiting for opportunities to reduce my holdings in some other not so prospective counters and switch to Maybank and RHB Bank.

Go to the i3investor forum for Genting, some jokers have recommended to sell bank stocks and buy Genting.

Trying to cross the RM9 hurdle. Shouldn't have any problem overcoming this resistance.

Tak boleh naik, kurang tongkat ali.

Had recommended a relative to buy Maybank about two years ago and she invested over RM60,000 at just under RM8.00 a share. Now including the dividends she received her capital gain is over 22% in two years. Had she kept her money in the bank, she would have earned just 7% in these two years.

"Everybody knows. It's no secret"
Every Maybank shareholder and every person who post comments on this forum know. Many of those who don't own Maybank shares may not know. Most of those who don't own any shares don't know.

If more and more people know the true value of Maybank, its share price would go up. Hurrah!

@ATK, typical kiasu fellow. You can claim to have posted some time ago that you usually trade abt 1.5m to 3m GenB shares but that is of no consequence. What is important is your reply a week ago to my comment which I now again repost it verbatim below.
"Many also claimed abt their auto lowering average prices, their 90m fund size etc which we all know these are fakes. If they want to publicly disgrace themselves then let them be. Up to people to decide who is talking kok and who is not. I know I bought 1m shares at 2.97 and further scaled up position on that Nov 2020 rally. I trade this stock in millions of shares. The fake ones always like to falsely accuse me a fake trader. I posted my real trading records a few times here as proof Im not talking kok here."
"Im sure there are some here bought at rm8.00. Sad but thats the reality of the inherently risky stock market. Defence is more important than offense. Not much choice now but to hold long term, let the Taurx success play out fully. Im confident price can go above rm10 eventually."

Where is your " I usually trade abt 1.5m to 3m GenB shares" in the above comment?

You claimed to trade Genting shares in the millions. I didn't say it was 9.9 million shares but asked if it was 9.9 million. Anything wrong with such kind of suggestion? Did you pass your primary school mathematics? Let me educate you here, millions can be anything from 1,000,001 to 9,999,999.

Even with a 0.25% hike in OPR, the Ringgit still lost ground against the US Dollar, Euro and British Pound and gained a little against the Australian and Sing Dollars. Our currency is too weak.

"You were wrong to put in the 9.9m shares figure when I already said before I usually trade 1.5m to 3m shares."
@ATK, you claimed to trade Genting shares in the millions and I asked you if it was 9.9 million. Didn't you see the question mark after 9.9 million? Don't put words into my mouth.

"FYI Justborn already admitted he did not have those over RM90m cash. Argue with me over this for what?"
Whether he admitted to having this over RM90 million fund or not makes no difference to me. I have already written several times that if you think anything posted here is credible, then every other thing is credible. Did you not understand what I wrote? Who started this argument? Let's be honest.

It seems ATK can't be wrong, only others are wrong.