Long term investor buy slow slow....too fast up, missed the boat liao :(

....tomorrow correction, down 10 sen :p

Wait......

https://theedgemalaysia.com/node/717380

https://theedgemalaysia.com/node/717380

Wah @pang72 comes liao, I also want to add liao.
...every time pang72 comes, price sure will go up...
....and when he takes profit, price will go higher :p

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-06-28-story-h-158006316-Banking_Seeking_Guarded_Positions

Laggards remain challenged. As of our cut-off date of 16 Jun 2024, we note that only PBBANK (OP; TP: RM5.20) is performing below its CY24 start. In spite of its sound earnings delivery and high ROE prospects, we opine that investors may be more interested in positioning with banks with a higher corporate exposure to fuel potential profit growth on the bank of several macro themes (i.e. data centre, infrastructure projects) which left the stocks falling behind.

KUALA LUMPUR (June 27): Kenanga Research maintained an "overweight" stance on Malaysia's banking sector, which remains resilient in the face of a complex economic landscape, bolstered by strategic risk management and a focus on high-quality assets.

https://theedgemalaysia.com/node/717079

https://theedgemalaysia.com/node/717079

KUALA LUMPUR (June 27): Kenanga Research maintained an "overweight" stance on Malaysia's banking sector, which remains resilient in the face of a complex economic landscape, bolstered by strategic risk management and a focus on high-quality assets.

https://theedgemalaysia.com/node/717079

PETALING JAYA: Earnings for the banking sector in the first quarter of 2024 (1Q24) have come in broadly in line with analysts’ expectations.

https://www.thestar.com.my/business/business-news/2024/06/26/banks-1q-earnings-in-line-with-expectations

https://www.thestar.com.my/business/business-news/2024/06/26/banks-1q-earnings-in-line-with-expectations

https://www.thestar.com.my/business/business-news/2024/06/26/banks-1q-earnings-in-line-with-expectations

https://www.malaymail.com/news/money/2024/06/26/midf-research-malaysias-equity-market-to-continue-positive-momentum-in-2h2024/141600

https://theedgemalaysia.com/node/716580

PETALING JAYA: MBSB Bank Bhd says it has refunded all monies illegally withdrawn from the accounts of its customers in a recent case in Kota Kinabalu.

Last Friday, Bernama reported that police had detained 14 individuals, including four bank employees, to assist in the investigation into the fraudulent withdrawals of RM24.2 million from several fixed deposit accounts in Kota Kinabalu.

https://theedgemalaysia.com/node/716580

KUALA LUMPUR (June 24): MBSB Bank Bhd said on Monday that it is working closely with authorities to resolve a case concerning illegal withdrawals in Kota Kinabalu.

A thorough internal review initiated by the bank led to the commencement of a police investigation into the matter, said the Islamic bank in a statement on Monday.

It said the incident involved a syndicate that colluded with certain staff members, who are currently in police custody, to carry out the illegal withdrawals authenticated through forged identity cards used by the syndicate.

https://theedgemalaysia.com/node/716580

KUALA LUMPUR (June 24): MBSB Bank Bhd said on Monday that it is working closely with authorities to resolve a case concerning illegal withdrawals in Kota Kinabalu.

A thorough internal review initiated by the bank led to the commencement of a police investigation into the matter, said the Islamic bank in a statement on Monday.

It said the incident involved a syndicate that colluded with certain staff members, who are currently in police custody, to carry out the illegal withdrawals authenticated through forged identity cards used by the syndicate.

https://theedgemalaysia.com/node/716580

FBM KLCI on Uptrend

Mohd Sedek said the FBM KLCI has shown a consistent recovery since the fourth quarter of last year.

With robust support from foreign institutional buying activities, the FBM KLCI posted a year-to-date rise of 9.41 per cent, adding 136.83 points.

He said UOB Kay Hian Wealth Advisors has revised the year-end target for the barometer index upwards to 1,735, a level last seen in 2018, reflecting improved domestic liquidity.

"For reference, the bottom-up target is 1,713 and the hypothetical target at mean price-to-earnings ratio valuation would be 1,803.

FBM KLCI on Uptrend

Mohd Sedek said the FBM KLCI has shown a consistent recovery since the fourth quarter of last year.

With robust support from foreign institutional buying activities, the FBM KLCI posted a year-to-date rise of 9.41 per cent, adding 136.83 points.

He said UOB Kay Hian Wealth Advisors has revised the year-end target for the barometer index upwards to 1,735, a level last seen in 2018, reflecting improved domestic liquidity.

"For reference, the bottom-up target is 1,713 and the hypothetical target at mean price-to-earnings ratio valuation would be 1,803.

https://www.nst.com.my/business/2024/06/1066793/lofty-dividend-payouts-expected-fy2024-financial-health-improves

"By holding dividend stocks, investors can mitigate portfolio risk, as dividends provide a buffer against losses even if stock prices decrease.

"Additionally, dividend-paying stocks demonstrate lower volatility compared to non-dividend-paying counterparts," he said.

Banks and real estate investment trusts (REITs) are renowned for their attractive dividend yields.

He said UOB Kay Hian's in-house analysts project a dividend yield of 6.5 per cent in 2024 for the banking sector, with expectations for it to rise to 6.8 per cent in 2025 and further to 7.1 per cent in 2027.

https://www.nst.com.my/business/2024/06/1066793/lofty-dividend-payouts-expected-fy2024-financial-health-improves

"By holding dividend stocks, investors can mitigate portfolio risk, as dividends provide a buffer against losses even if stock prices decrease.

"Additionally, dividend-paying stocks demonstrate lower volatility compared to non-dividend-paying counterparts," he said.

Banks and real estate investment trusts (REITs) are renowned for their attractive dividend yields.

He said UOB Kay Hian's in-house analysts project a dividend yield of 6.5 per cent in 2024 for the banking sector, with expectations for it to rise to 6.8 per cent in 2025 and further to 7.1 per cent in 2027.

PNB & ASB together, acquired 37.5m shares on 18/6 :p

At 6.79, PE is below 10, cheapest among the top 3.
....for the strong hands, can slowly n cautiously pick up for long term keep....don't buy to trade.

Yesterday, acted too fast picked up 6.82 :(

Cautiously added some at 6.77

https://theedgemalaysia.com/node/715691

KUALA LUMPUR (June 18): Malayan Banking Bhd (KL:MAYBANK) was the only Malaysian company to make it into the top 20 companies by revenue in Fortune’s Southeast Asia 500 rankings for 2024, ranking 17th with US$14.15 billion (RM66.7 billion).

In a statement on Tuesday, Fortune said of the top 20 companies by profitability, Malaysian companies Maybank came in at 11th, CIMB Group Holdings (KL:CIMB) at 17th and Public Bank Bhd (KL:PBBANK) at 19th.

https://theedgemalaysia.com/node/714093

Yes, quickly get on board, very difficult to get this color today.

https://www.cnbc.com/video/2024/06/06/malaysian-stocks-have-outpaced-the-asean-region-sgx.html

https://www.cnbc.com/video/2024/06/06/malaysian-stocks-have-outpaced-the-asean-region-sgx.html

@pang72....not happy there, happy here....haha
....added again yesterday...
....cheers

How you know :)

@Pinky, good......cheers.

@Pinky, we gonna miss u......all the best.

The boat comes back for those who dare to get on board :)

Top 3 Banks 1Q Results

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

No.1 & No.2 sui sui :-)

Top 3 Banks 1Q Results

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

Top 3 Banks 1Q Results

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

Profit 1.9b
EPS 18.16 sen

59m shares changed at pre close at 6.84

....so BIG volume :p

25.3m shares changed hand at pre close at 9.93

By Marcus Wong / Bloomberg
31 May 2024, 12:19 pm
main news image
Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves.

(May 31): The ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction.

The currency — which has climbed nearly 1% since the end of February — is expected to rise to 4.65 per dollar by year-end from 4.7050 now, according to strategists surveyed by Bloomberg. Rising foreign inflows and income repatriation by state firms are fuelling the optimism.

Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves. Local stocks are set to receive their first monthly inflow since February while overseas investors snapped up US$233 million (RM1.1 billion) of the nation’s bonds in April.

The ringgit’s performance is due to “foreign inflows into domestic equity and bond markets, improved growth prospects and a widening of the current-account surplus”, said Christopher Wong, a strategist at Oversea-Chinese Banking Corp in Singapore.

Home
Ringgit overcomes this year’s slow start as inflows gather pace
Currency
Ringgit overcomes this year’s slow start as inflows gather pace
By Marcus Wong / Bloomberg
31 May 2024, 12:19 pm
main news image
Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves.

(May 31): The ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction.

The currency — which has climbed nearly 1% since the end of February — is expected to rise to 4.65 per dollar by year-end from 4.7050 now, according to strategists surveyed by Bloomberg. Rising foreign inflows and income repatriation by state firms are fuelling the optimism.

Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves. Local stocks are set to receive their first monthly inflow since February while overseas investors snapped up US$233 million (RM1.1 billion) of the nation’s bonds in April.

The ringgit’s performance is due to “foreign inflows into domestic equity and bond markets, improved growth prospects and a widening of the current-account surplus”, said Christopher Wong, a strategist at Oversea-Chinese Banking Corp in Singapore.

https://theedgemalaysia.com/node/713691

CIMB Investment Bank and BofA Securities are the joint bookrunners for the block of shares being put up via ANZ Fund.

QoQ up 24%.....good report.

1Q24.....another 3 more days wait :)

Wow, at current price, shortish also dare to short?
Net short position for 24-5-24 ....19m shares 0.1%

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240524.pdf?t=1716820118

This one....save the best for last :)
....QR will probably on the last day evening.