Wow.....long time no hear....
...Happy Prosperous New Year to you @ linges

Wow....closed at 52wk high
....super steady pun pi pi :)

https://theedgemalaysia.com/node/701147

KUALA LUMPUR (Feb 16): The Malaysia banking sector is expected to remain positive as the price-to-earnings ratios (PER) are near pandemic lows, according to Maybank Investment Bank (Maybank IB)

In a note on Friday, the research house explained that banking stocks are currently valued at an average PER of 9.3x, close to the low levels of 8.3x seen during the pandemic in October 2020, which it believes is unjustified.

....steady.....pun pi pi :)

KUALA LUMPUR (Feb 13): Banking and financial services stocks were among the top gainers in early morning trade on Tuesday, with several stocks climbing to a new record high, marking a bullish start to the Lunar New Year of the Dragon.

The Bursa Malaysia Financial Services Index was up 175.65 points or 1.04%, reaching its nearly five-year high of 17,056 points — the last time it breached the 17,000 mark was in March 2019.

https://theedgemalaysia.com/node/700727

https://theedgemalaysia.com/node/700727

KUALA LUMPUR (Feb 13): Banking and financial services stocks were among the top gainers in early morning trade on Tuesday, with several stocks climbing to a new record high, marking a bullish start to the Lunar New Year of the Dragon.

The Bursa Malaysia Financial Services Index was up 175.65 points or 1.04%, reaching its nearly five-year high of 17,056 points — the last time it breached the 17,000 mark was in March 2019.

Wishing all A Happy Prosperous Blessed New Year.

Wishing all A Happy Prosperous Blessed New Year.

Wishing all A Happy Prosperous Blessed New Year.

Big CNY angpow :)

Above that, is bonus :)

Yes, I also bet on 32 sen.

@jeffchan1901, steady rate is good for NIM recovery.
Last year NIM was affected by competitive FD rates among banks and switching of CASA to FD by depositers .

Nice....congratulations to those who are still around :)

KUALA LUMPUR (Jan 29): RHB Retail Research said CIMB Group Holdings Bhd is in the midst of extending its upside movement after it broke past the RM6 psychological resistance.

In a trading stocks note on Monday, the research house said that the counter managed to chart “higher highs” and “higher lows” above the breakout point, thereby affirming the bullish setup.

“Riding on the momentum, it should climb towards RM6.40, followed by RM6.80.

“Towards the downside, falling below the RM5.80 support will invalidate the bullish setup,” it said.

Welcome calvintaneng, remember how much KSL shareholders won in 2014?
....haha :)

Wow....closed at multi year high....

This one was trading same price 3.50 to 3.00 same time during 2020 with Genting :)
I bought both....sold Genting at around 4.90 in July 2021 .....still holding this one tight tight :p

@jeffchan1901, noted, thanks for sharing.

So, we might as well not bother what they do.....buy if you think the price is attractive and sell if you think it's over bought or expensive....but I treat this as my fixed income, so I am holding irrespective the price.

@nhbeen, I am also clueless.
The PNB ASB one was probably off market deal, and it doesn't affect market price.
but EPF sold aggressively during last 2 weeks of December till 3/1/24 and price dropped as a result....and they started to buy from 4/1/24 when price was higher than they sold....
so, in short EPF was selling low and buying high .....haha

PNB sold 20M shares...
ASB bought 40M shares...
.....who sold the other 20M?
....so, ASB is still cash rich.

It seems big institution funds controlled the whole market....
....up or down is for them to play play...haha.

Drop like beers promotion during CNY haha.....

CNY sale.....another 10 sen tomorrow ? :p

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-10-story-h-210588423-WHY_IS_DIVIDEND_IMPORTANT_From_Dr_Neoh_Soon_Kean_s_STOCK_MARKET_INVESTM

Not attractive enuf, drop few more sen please...

Dividend announcement time next month.
I think this one will pay a much improved rate.....but the highest yield will probably be Maybank and the lowest yield will probably still be PBB.

....short term traders who chase n punt on high beta stocks normally will get burnt :)

I mean compared to other punter's stock, this one attracts less short term traders.
....most of the buying that brought price to current level was done by institution funds.
FF holding is at a high of about 30%....(Maybank is lower at 18.98%)

This one is doing so well, wonder why so quiet....unlike one which traded around the same price during MCO in 2020, (from 3.50 to 3.00 before rebounding)....that one everyday also have punters crying father and crying mother but price is still below 5 today :p

Happy to see some buddies way back in 2014 in KSL forum....now the price starts to run, hope they make some good money.....pak see boh chow kaki.....:p

Hi yfchong, long time no hear....hope you are doing well in the market.
Good Luck to all, guess it's gonna be good this year.
Happy investing.

I rested after cutting all my position in 2014.
...only came back in early 2020, during MCO....
....bought Mahsing, CIMB and Genting....made some money and now holding CIMB and Maybank for dividends....

Wow...monetary still remember.....
...I cut the profit to cover my losses in PerakCorp......unsuccessful privatisation.
....blessing in disguise :)

I bought some at 90 sen in 2018, and it dropped 50% after...
....now, it's up 50%...ha ha
....just a small position, play play for fun...as token of appreciation for the BIG profit in 2014.

This one hit above 4.90 in 2014.
I sold at 4.50 after it retraced from the high.
Current price is after going one for one bonus issue, so it's 2.68.....
....still got potential to go up.....IF operator wants to push :)

Wow, superb weekend investing lesson by DividendGuy67.
Thanks for Good 👍 sharing.

Hope can revisit 2018 high of 7++

It's not only 52wk high, it's 5 years high :)

KUALA LUMPUR (Jan 5): Daily trading volume on Bursa Malaysia over the last three days consistently surged past five billion shares, a threshold only breached six times over the past two years, boosted by foreign investors entering the market, according to market watchers.

Notably, trading volume on Friday hit 6.62 billion shares, marking a 13-month high for the local bourse since the 6.87 billion recorded on Nov 24, 2022. Over the last 12 months, trading volume has averaged at 3.3 billion shares per day.

https://theedgemalaysia.com/node/696400

PETALING JAYA: Analysts are upbeat about the market this year, and for most, the sector that will drive the FTSE Bursa Malaysia KLCI (FBM KLCI) above the 1,600-point psychological level is banking.

Banking institutions account for 20% of the index’s constituents, making it the “go to” sector for foreign funds looking to invest in the local market, according to the fintech trading platform Rakuten Trade.

https://www.freemalaysiatoday.com/category/highlight/2024/01/05/banking-sector-to-drive-fbm-klci-in-2024-say-experts/

https://www.freemalaysiatoday.com/category/highlight/2024/01/05/banking-sector-to-drive-fbm-klci-in-2024-say-experts/

PETALING JAYA: Analysts are upbeat about the market this year, and for most, the sector that will drive the FTSE Bursa Malaysia KLCI (FBM KLCI) above the 1,600-point psychological level is banking.

Banking institutions account for 20% of the index’s constituents, making it the “go to” sector for foreign funds looking to invest in the local market, according to the fintech trading platform Rakuten Trade.

https://www.thestar.com.my/business/business-news/2024/01/04/standard-chartered-sees-ringgit-outperforming-039on-relative-basis039-in-2024

KUALA LUMPUR: The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 "on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).

Topped up some at 5.84 this morning, 5.83 not matched :(

.....thus the "tekan" of BIG blues since 21-12-23....

It seems local BIG institutions are "mandated" to "keep" the uptrend for next year :)

I guess today is probably the best day to buy "EPF tekan discount"
With FF starting to buy lately, big blue should be good next year.
....waiting to add some towards the close for the day (year) if it stays TEKAN

@nhbeen, same thinking here :)

Yes, guess they are accumulating realized profit for their coming dividend declaration/payment.

....end of next week should be a good time to add :)