"Look at the banking stocks.. drop like a stone"
@Michael_chan2022 your Genting didn't fare any better. Take Maybank and RHB Bank which I have investments in as comparison. Including the 30 sen dividend, Maybank has fallen by about 20 sen or 2.5% from its recent peak and RHB Bank has fallen by less than 7%, from RM5.80+. Genting has fallen by over 12%. Which counter has dropped like a stone?

"maybank will be singnature bank soon"
Remember to take your medication. Daddy is worried.

"Dont chase high now , wait until rm 4- 5 !"
Wait till you become a naturalized Japanese.

Silicon Valley Bank and Signature Bank which collapsed recently are small banks in the US. They don't even rank among the top 15 banks. When Lehman Brothers filed for bankruptcy in 2008, it had more than US$600 billion in assets, probably equivalent to US$1 trillion today. No comparison. Don't pretend that you know a lot of things.

After getting your RM250 dividend, your cost becomes RM5.25 per share. You have made the right choice.

"queue at RM 5 .."
@Henryjohny, possible to get this price if Malaysia registers -5% economic growth for 4 consecutive quarters.

EPF picked up 30,000,000 of these 94,900,000 shares, the rest picked up by institutional investors/fund managers. They have the confidence in Maybank, no big deal.

EPF bought 30,000,000 Maybank shares on 6 March.

Does this sell call come from you? Show me your credentials.

"klci collapse soon"
@RWG, to me it means falling by over 5% in a single day. KLCI has already fallen by over 450 points since early 2018. It won't happen, it is just your wishful thinking.

"Genting highlands is good land, too"
Good land where almost every one comes back poorer. Are you joking?

"Melting down of the banking stocks.."
5 years ago Maybank was trading at over RM9 a share and Genting at over RM8. Over the past 5 years, Maybank has dropped just RM1 compared to Genting's drop of RM4. Maybank has consistently paid an average yearly dividend of 55 sen a share over the past 5 years. Which counter has suffered a melt down

DRP subscription price not confirmed yet, that is why RHB Bank not yet ready to move northwards.

@nicholas99, how much has Maybank dropped so far today?

"maybank also turun.. scary"
Not sure if you have any Maybank shares.

"Last time jp morgan is 600billion."
May be 30 years ago, it is US$3.77 trillion today. Silicon Valley Bank has US$213 billion.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/largest-50-us-banks-by-assets-q3-2022-73408267

Silicon Valley Bank and Signature Bank are small banks in the US. They don't even rank among the top 15 banks. They aren't JP Morgan Chase or Bank of America and their effect on Malaysia would be negligible I think.

"svb so big also can collapse, maybank anytime also same as svb"
Maybank has been paying yearly dividends in excess of 50 sen a share for over 12 years. Bank failures elsewhere don't mean that local banks would be affected. You really lack economic knowledge.

You are so rich, I don't even have RM10,000 in the banks!

Totally no sign that rich people are withdrawing money from the banks as claimed by someone as is evidenced by the performance of bank counters this morning.

"Financial disaster is coming"
Better withdraw all your money from the banks and keep cash at home.

Genting promoters have gone into hiding, nursing their wounds perhaps. Bank promoters are still in high spirits.

Wow! Maybank is still up 4 sen despite failures of two US banks. As it always does on the day when it trades ex-dividend, trending upwards.

"Those are the bank promoters..trying to promote banking stocks.. bringing many to Holland"
@Michael_chan2022, five years ago Maybank was trading at over RM9 a share and Genting at over RM8 a share. What is Genting's share price today? Maybank pays over 55 sen in dividend each year, how much dividend does Genting pay?

Those who bought Maybank shares are investors, not gamblers. Buyers of Dnex shares are gamblers and they will lose their pants.

Imagine if you had bought Maybank in late Oct 2020 at around RM7 and kept until today, how much do you think you have already made?

@NatsukoMishima, when Lehman Brothers filed for bankruptcy in 2008, it had more than US$600 billion in assets, probably equivalent to US$1 trillion today.
https://edition.cnn.com/2023/03/10/investing/svb-banking-crisis-what-next/index.html

Don't worry too much. Lockdown during the pandemic was much, much worse but Maybank continued to perform reasonably well.

I thought you just bought RHB Bank and now you want to sell it? If RHB Bank ever drops below RM5.50 again due to the collapse of Silicon Valley Bank, I would commit another RM10 to 15k to buy the counter.

It is slow to react to good news but reacts immediately to bad news. Small investors have no confidence in this company. Sad!

Sometimes when an opportunity arises, it is better to seize the opportunity and benefit from it. Excluding dividends, RHB Bank went up to as high as RM6.31 over the past 12 months. I would certainly sell some RHB shares should it rise to RM6.30 again before it trades ex-dividend.

@pang72, if I buy 10,000 RHB Bank shares at RM5.67, my brokerage, stamp duties and clearing charges are as follows :---
Brokerage = RM56.70
Stamp duty = RM85.50
Clearing fees = RM17.01
Total charges = RM159.21
If I manage to sell at RN5.72 in the afternoon, total transaction costs would come up to around RM320. Still make RM180, not too bad but unlikely to be repeated everyday.

From RM5.12 a month ago to RM4.58 today, that is quite a big drop. Genting promoters should come out strongly to defend their darling.

After spending a record $17 billion on shares of Tesla in 2022, individual investors added another $13.6 billion to their total in just the first two months of this year, the Wall Street Journal reported Friday, citing data from Vanda Research.6 days ago
I would say the US market is irrational.

I look for safe stocks with PEs of not more than 15 and yields of over 6%. Few counters listed on Bursa meet my requirements.

My investments in RHB Bank and Maybank make up over 50% of my total investments in Bursa with investments in RHB Bank nearly 10% more than investments in Maybank. No intention of selling any of them in the near future.

Lowest a week ago was only 30.5 sen. White candle stick in four out of past five days.

"OPR maintained @2.75 by BNM...tomorrow should be + for banking ctrs"
But bad for Malaysian Ringgit. It has been dropping against other currencies especially the US and Sing Dollars. Now 1 Sing Dollar = RM3.34 and 1 US$ = RM4.52

Hari Raya Puasa is coming and dividend from Maybank isn't sufficient to pay ASB unit holders so it has to raise some money to make unit holders happy.

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

Wow! MRCB springs into life again. Hope the trend continues. Cheers

Still remember property developer Tropicana also bought over 10 million TG shares during those glove crazy days?
https://www.theedgemarkets.com/article/tropicana-buys-rm7847m-worth-top-glove-shares

From over RM9 to RM0.60 in just two and a half years. This happening to a company which was expected to dethrone Maybank to become the company with the largest market capitalization listed on Bursa is really shocking.

Dropping towards 60 sen. Would likely dip below this level again.

Why are funds not buying a bank counter with a PE of less than 9 and a dividend yield of over 7? This seems unusual.

It shows investors have no confidence in this company. Major shareholders have to do something more proactive like making better use of its vast cash reserve, paying better dividends......

Keck Seng didn't pay any dividend in 2020 and 2021 amounting to a total of 20 sen. This year's dividend should include the dividends it conveniently failed to pay, making a total of 30 sen I suppose.

DickeyMe, don't write anything that even you yourself don't believe would happen.

Maybank RM5.80 tak mari, Tenaga RM4.50 juga tak mari. Macam mana gua dapat percaya lu?

If the amount of interest to be waived in order to help B40 borrowers is kept below 1% of its earnings for the year, Maybank's share price shouldn't be adversely affected. Poor ASB unit holders also need dividend payout from Maybank. So Maybank investors can rest assured that the help to be extended to B40 group is unlikely to seriously affect its bottom line.