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.

While PNB & ASB have been "changing hand" (50m shares in 2 days), EPF has been adding big these few days....
https://klse.i3investor.com/web/insider/detail/SBSH_586647_2292030829

4.9m shares done during pre close....

Analyst have raised TP.

TA from 9.90 to 10.80

RHB-OSK from 10.20 to 10.60

Kenanga maintained TP at 11.00

https://theedgemalaysia.com/node/712953

KUALA LUMPUR (May 24): The Ministry of Finance (MOF) is serious about ensuring the success of economic reforms in Malaysia, aiming to overcome the middle-income trap and stimulate the economy.

The MOF said the Madani government’s pro-development policies and encouraging innovation had given new life to the national economy.

“The encouraging response from investors in the early stages of this policy reform proves that the Malaysian economy is on the right track to reap more wealth in the coming years,” the MOF said in a post on the X online platform.

n the post, the MOF also shared statistics of Malaysia’s market performance in the early stages of economic reform, which was one of the best in Asean as of May 20, 2024.

This included the performance of the stock index, which increased by 11.9%, the second best among the stock indices of Asean countries, indicating a sharp increase in the performance of the FBM KLCI, compared with -2.7% in 2023.

The MOF also stated that the compound annual growth rate of foreign direct investment was the best in four years at 22.4%, surpassing Singapore’s 17.7%.

In addition, Malaysia’s (company index) dividend yields of between 4% and 5% were the best in the region, apart from Singapore.

Sotong punya NIM mungkin akan naik 5 bps....Harimau turun 19 bps.

@Pinky saya rasa sotong akan lebih Bagus....tadi dapat sikit 6.83 & 6.81...purata 6.82

QoQ up 4.2%

YoY up 9.85%

Wow.....EPS 20.63 sen

KUALA LUMPUR (May 23): The trustees of Amanah Saham Bumiputera (ASB) bought a 0.23% stake in Malayan Banking Bhd (KL:MAYBANK) this week for RM276.48 million.

According to a bourse filing on Thursday, Amanahraya Trustees bought the 27.76 million shares in Malaysia’s largest banking group by assets on May 20, when the bank closed at an all-time high of RM9.99.

The purchase increased the fund’s stake in the bank to 30.49% or 3.68 billion shares, from 30.26% previously.


Based on Bloomberg data, a 27.76 million share block was traded off-market on May 20 at RM9.96 apiece or a total of RM276.48 million. The price tag is a 0.3% discount to the RM9.99 close

9 juta termakan EPF

https://klse.i3investor.com/web/insider/detail/SBSH_586376_3002457525

Wow...27.7 juta saham termakan ASB

https://klse.i3investor.com/web/insider/detail/SBSH_586377_3002457527

Seepuluh....tunggu esok petang :)

If market enter Bull Run, my bet is No.2 will perform better than No.1.
So must have both.
Previously I am heavy on No.1 and light on no.2
....so need to rebalance :)

You see....I am very quiet at the No.2....
haha....

@pang72....haha....it's bcos I am in the process of rebalancing my No.1 & No.2
...haha :p

https://www.nst.com.my/business/economy/2024/05/1054026/glc-glic-earnings-repatriation-call-lifts-pressure-ringgit

KUALA LUMPUR: The initiative to have government-linked companies (GLCs) and government-linked investment companies (GLICs) repatriate their earnings from abroad has been cited as a factor that has helped to lift pressure on the ringgit.

Earlier this year, the MOF appealed to GLCs and GLICs as well as exporters to repatriate their earnings from abroad and convert them into ringgit on a more consistent basis.

Private investment companies have also been urged to prioritise domestic investment and to delay new investments abroad to reduce pressure on the ringgit.

https://www.nst.com.my/business/economy/2024/05/1053779/targeted-diesel-subsidy-strengthen-govt-fiscal-position-improve

"Diesel subsidy savings will be channelled into the cash payment programme and used to enhance the competitiveness of the education, health and infrastructure sectors," he said.

He added that credit rating agencies might re-evaluate Malaysia's rating outlook to positive if these economic reforms yield results.

"An improved credit rating could attract foreign investors, particularly in portfolio investments.

"This would increase foreign holdings in fixed-income instruments such as Malaysian Government Securities (MGS), Government Investment Issues (GII), and corporate bonds, potentially boosting the value of the ringgit," he said.

Actually it is very easy for one to prove what they have if they want to.
Made known how much quantity you want to sell and at what price then make the Q during pre opening (8.30 to 9am and 2.00 to 2.30pm) (of course the price must be different from other Q eg. limit down price)
The trading platform does not allow you to make sell Q if you do not have the shares in your CDS account.

Claim of owning RHB shares is not only posted yesterday...
...it was posted in MBB forum in June 2023....

Posted by stkoay > 2023-06-22 19:56 | Report Abuse

@jeffchan1901, RHB is cheap in term of valuation...but the stock hardly moves.
I bought it at 4.60 in September 2020, not much profit.
CIMB n Maybank would have been a better buy at that time.
May be it's because it's a mid cap, when institution buy, they gave priority to big cap like MBB and CIMB.

@SeekUndervalue, Yes that's why I didn't sell even it underperformed.
Don't mind keeping as souvenir....haha
....after all it is only about 0.5% of my MBB (of course nobody will believe) and ppl will say big show off...haha. LOL.

@Tedinvestor, you have the right to post anything, other people also have.
What is consider as "showing off" is very subjective.
If you don't like what other posted, then don't read BUT you got no right to get personal by mentioning name and ask people not to post.
This forums in i3 does not belong to you!

I still have balance 5400 shares bought in 2020....keep 5k as souvenir haha

Latest DPR i subcribe 95 to make all full lot.....

MBB YTD return 15.8%
CIMB YTD return 21%

This is not equity....it's super FD....with interest 7+%
...haha.

Back to the price on 19th April, when there was fear of war....
....wonder why can shake so long?

Strong buying at current price, very good sign.
Strong volume of 15.7m changed hand, much higher than 4wk avg vol of 11.8m

Total market FF ......
..... the current foreign shareholding of 19.6% is low compared to an average 23.2% between 2014 and 2019 before volatile domestic political conditions eroded investor confidence.

Source: TA Research - 13 May 2024

2 major catalysts :

1) GLIC are repatriating investment income back.
2) FF holding at 20.11%, are considered "under own"
(compared to 25.64% in May 2013)

Today kissed, tomorrow break :p

https://theedgemalaysia.com/node/712246

KUALA LUMPUR (May 20): Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.

Net profit stood at RM1.65 billion, or 8.52 sen per share, compared with RM1.71 billion, or 8.83 sen per share, a year ago, Public Bank said. Net interest income rose 2.8% year-on-year (y-o-y) to RM2.73 billion, while non-interest income edged up 0.5% to RM649.64 million.

@Pinky, sure ok :)
CIMB positives are it is cheaper and higher growth potential from its' Indonesia exposure...
....negative is ...its' FF holding is much higher than MBB.