Many house borrowers complaint bank rate is too high now. They cannot afford.

wait for 2018.

For 2QCY17, all the nine (9) banking stocks under our coverage met our expectations. YoY, earnings improved as impairment allowances fell as expected with improvement in asset quality. We also see widening NIMs due to better management in funding costs and better repricing of assets. However, loans growth seemed to be easing. All in, we maintain our NEUTRAL stance on the sector as the prevailing challenges in the economy still remain. As results were mostly in line, we maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN (TP: RM3.00), AMBANK (TP: RM5.00), AFG (TP: RM4.15) and RHBBANK (TP: RM5.60) due to their undemanding valuations.

For 2QCY17, all the nine (9) banking stocks under our coverage met our expectations. YoY, earnings improved as impairment allowances fell as expected with improvement in asset quality. We also see widening NIMs due to better management in funding costs and better repricing of assets. However, loans growth seemed to be easing. All in, we maintain our NEUTRAL stance on the sector as the prevailing challenges in the economy still remain. As results were mostly in line, we maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN (TP: RM3.00), AMBANK (TP: RM5.00), AFG (TP: RM4.15) and RHBBANK (TP: RM5.60) due to their undemanding valuations.

For 2QCY17, all the nine (9) banking stocks under our coverage met our expectations. YoY, earnings improved as impairment allowances fell as expected with improvement in asset quality. We also see widening NIMs due to better management in funding costs and better repricing of assets. However, loans growth seemed to be easing. All in, we maintain our NEUTRAL stance on the sector as the prevailing challenges in the economy still remain. As results were mostly in line, we maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN (TP: RM3.00), AMBANK (TP: RM5.00), AFG (TP: RM4.15) and RHBBANK (TP: RM5.60) due to their undemanding valuations.

No favourable catalyst in the short-term ahead, current conditions prevailing…maintain NEUTRAL. We reiterate our NEUTRAL call as we see no change in the prevailing conditions ahead. There is no concrete catalyst and game changer on the horizon and structural and cyclical headwinds are still prevailing such as; (i) moderating economy, (ii) subdued loans growth, and (iii) downward pressure on NIM. We maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN, AFG, AMBANK and RHBBANK, which are at OUTPERFORM as at current share prices, we see attractive proposition with a potential total return of more than 10% each.

Source: Kenanga Research - 14 Sept 2017

No favourable catalyst in the short-term ahead, current conditions prevailing…maintain NEUTRAL. We reiterate our NEUTRAL call as we see no change in the prevailing conditions ahead. There is no concrete catalyst and game changer on the horizon and structural and cyclical headwinds are still prevailing such as; (i) moderating economy, (ii) subdued loans growth, and (iii) downward pressure on NIM. We maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN, AFG, AMBANK and RHBBANK, which are at OUTPERFORM as at current share prices, we see attractive proposition with a potential total return of more than 10% each.

Source: Kenanga Research - 14 Sept 2017

No favourable catalyst in the short-term ahead, current conditions prevailing…maintain NEUTRAL. We reiterate our NEUTRAL call as we see no change in the prevailing conditions ahead. There is no concrete catalyst and game changer on the horizon and structural and cyclical headwinds are still prevailing such as; (i) moderating economy, (ii) subdued loans growth, and (iii) downward pressure on NIM. We maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN, AFG, AMBANK and RHBBANK, which are at OUTPERFORM as at current share prices, we see attractive proposition with a potential total return of more than 10% each.

Source: Kenanga Research - 14 Sept 2017

Noted. TQ.

I support Adi. It is a permanent loss, not the short one. I don't like 杜德利 comment as he has never faced the loss not just in terms of physical but also life and asset. Wishing he and his family was one of the victims.

KUALA LUMPUR: Affin Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

is expecting loans growth in the second half to come in stronger compared to the first half from January to June 2017.

The bank's managing director and chief executive officer Kamarul Ariffin Mohd Jamil said that it had grown loans by some 2.5% in the first half and is anticipating full year growth to be at least 6%.

"We are quite comfortable to achieve a growth of between 6% and 7% as growth in the second half will be stronger," he said at a press conference after a prize giving ceremony for the OMG Returns! here on Monday.

He also said that the bank was still on track and still awaiting regulatory approval to acquire FGV's stake in AXA-Affin General.

"It is about a 7% stake and they are slated to sell their stake to either Affin or AXA," Kamarul said.
Read more at http://www.thestar.com.my/business/business-news/2017/09/11/affin-expects-stronger-loans-growth-in-second-half/#pbUGBbMVykS0QZ4A.99

Herbert is revealing the truth. Thumb up! Beat KYY down, who is a hypocrite.

my pleasure, Siew.

I diversified my Investment. This one for div first and holding safely till capital gain.

http://www.enanyang.my/news/20170909/%e3%80%90%e7%8b%ac%e5%ae%b6%e3%80%91%e8%89%ba%e4%ba%ba%e5%95%86%e5%ae%b6%e7%ba%b7%e6%b6%8c%e7%bd%ae%e4%ba%a7%e7%bb%8f%e5%95%86br-%e6%a7%9f%e5%9f%8e10%e7%89%b9%e8%89%b2%e5%a4%ba%e6%b8%af/

Other countries could be benefited. But I don't think there is any war. All wayang.

Specter, how many lots you still hold for Hevea?

Right.

Growing stock with diversified business.

No worry. With Dividend Reinvestment Scheme approved, it will go back to its 50% div policy.

Not really. Q3 and other Q results of banks will tell. just like Q2 result.

http://www.klsescreener.com/v2/news/view/276895

http://www.klsescreener.com/v2/news/view/276895

http://www.klsescreener.com/v2/news/view/276895

http://www.klsescreener.com/v2/news/view/276895

http://www.klsescreener.com/v2/news/view/276895

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

No regret.

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

RM 0.07.

http://www.klsescreener.com/v2/news/view/276471

Yes. SE Asia is a booming zone. We will see lot of investors to come.
http://klse.i3investor.com/blogs/kianweiaritcles/131424.jsp

SE Asia is a booming zone. We will see lot of investors to come.

http://klse.i3investor.com/blogs/kianweiaritcles/131424.jsp

Sell lah. Raw material is up , not down --- don't just trust the new, it is fake one. Ringgit is maintained, not strong not weak.

http://www.tambunindah.com/html/projects_details.aspx?ID=942&PID=931

Straits Garden Condominium in Jalan Tokong Batu (belong to Tambun?) V.S. Straits Garden Condominium @ Jelutong (belong to Tambun) in Jalan Jelutong.

Subsidiary of Tambun Indah Land Berhad? Are you sure, Fernooi?

Moving to 7.50. What to worry if its business is growing?

Dividend can declare next Q if not this Q. What to worry? As long as its business is progressing and improving.

MBB will climb above RM10 while KLSE will climb above 1780.

As simply as KWAP wanted to buy cheap from the substantial shareholders, so it presses down the price to negotiate the cheapest price possible. KWAP is playing dirty. Let the market force to determine the price. But then again they would not sell. Only offer 2X NTA which is more than RM10, then they will consider. Give KWAP another 1 month time, this rare opportunity would not be sustainable.

If Market not good. Down lah.

So Icon, your CIMB is mid term or long term?

4 consecutive quarters results improve yoy.

Ambank, CIMB, RHB and AFG are doing well. I think Affin and Maybank too.

http://www.klsescreener.com/v2/news/view/274775