7.01 amazing sotong

During the recent correction, added 6.8+ , 6.7+ , but missed the boat at 6.6+ , so regret, now , will probably have to use the bullets at 7.0+ :(

If foreign holding returns to 25+% , I think RM12 is a possibility.

Foreign fund holding is still low at 19.69% versus the peak in 2013 25.64%

Loaded bullets kaw kaw last 2 week during sharp correction...
now, not finished yet (sob) :(

Haha.....

no, this one will wait for me to tambah tambah :)

How?
I think Mr. Market is saying....
Good thing is not cheap
and cheap thing is no good :)

At current price, MBB dividend yield is still about 6%

Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”

Shares of DBS Group Holdings Ltd climbed 2.3% and Oversea-Chinese Banking Corp added 1.2%, with both extending record highs. United Overseas Bank Ltd rose 2% to its highest level in more than two years.

While higher interest rates help banks’ profitability, they can also translate into capital returns for shareholders “as the sector has capacity to improve already very attractive dividend yields,” Horchani said.

The 12-month projected dividend yield for OCBC was 5.6% compared with about 4.3% for the MSCI Asia Pacific Financials gauge, according to data compiled by Bloomberg. Singapore banks are set to report results early next month.

Broken 52 wk high.....very bullish sign....

....global fund buy DBS first....will come to this one later.

Wait....

Tomorrow down 20 sen :p

https://theedgemalaysia.com/node/717760

(July 3): Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.

“Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”

tomorrow correction, down 15 sen :p

6.96 second highest closing after June 4th 6.99

Very good, keep buying.... jia yu

si guru yang jual 6.24 lagi panlai :p

@pang72 memang manyak panlai

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