Bond yield down, FD rates down....
....this one, price down to give you higher yield...
....will put fresh fund to work, after monitoring another 1 to 2 weeks.

Last year closed at 8.70.
...at 8.70 no more Realized gain for them :)

Whether they will buy back next month, for their new 2024 portfolio after closing 2023 is the million dollar question.

Total volume traded on the day ASB sold 20M was only 14M.
How can they sell 20M in the market, must be off market deal....
....so, there was also a big buyer to buy from them.

ASB and EPF has been locking in Realized gain for their dividend closing at the end of this month....dividend declared can only be from Realized Gain and not Marked to Market gain, thus the current selling....it's for their book closing.

Wow...52 week high...

....based on current momentum, breaking 6 should be sap sap sui :)

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-11-23-story-h-214246788-Malayan_Banking_On_Track_for_a_Decent_Close

MAYBANK is expected to demonstrate operational resilience whilst sustaining its position as the leading bank in terms of market share. We believe MAYBANK’s ability to provide the most sustainable returns via its consistent market leading dividend yields (7%−8%) warrants further accumulation of its shares.

Source: Kenanga Research - 23 Nov 2023

@nhbeen Thanks for good sharing.

https://theedgemalaysia.com/node/692510

KUALA LUMPUR (Dec 4): Malaysian banks will overcome external headwinds to deliver a resilient operating performance in 2024, according to S&P Global Ratings.

People who count small small numbers do not understand "percentage" ...haha

If your returns on your 1M is 4.5%, you get 45,000
...if your returns is 6.5%, you get 65,000
....the difference of 2% for 1m is 20,000 each year, understand??

...not everyone count small small numbers, that's why many rich uncles and aunties hold Maybank in their portfolio.

Maybank paid 66.5 sen dividend in 2021 and closed the year at 8.30

.......paid 58 sen in 2022 and closed the year at 8.70

.....paid 59 sen in 2023 and closed the year at ???

....take out your calculator and do the maths on percentage gain for the past 3 years if you have bought at 2020.

ASM currently pays 4.5%
....for those who pass their Mathematics, 6.5 vs 4.5 is 144%
....unless you are a senior citizen, you cannot make withdrawal from EPF after top up....
...even if you are a senior citizen, you can only top up 100k each year.

Our Outperform call is affirmed with an unchanged dividend-derived target price of RM6.70.

Source: PublicInvest Research - 1 Dec 2023
https://klse.i3investor.com/web/pricetarget/research/69763

Best YOY among banks

https://theedgemalaysia.com/node/692201

https://theedgemalaysia.com/node/691341

KUALA LUMPUR (Nov 24): Malayan Banking Bhd (Maybank) has appointed former MISC Bhd President and Group CEO Datuk Yee Yang Chien as its non-independent director effective immediately.

It added that Yee is a nominee of Permodalan Nasional Berhad (PNB), a substantial shareholder of Maybank.

Near-term challenges notwithstanding, we continue to like the Group’s prospects, underpinned by its M25+ initiatives. Our Outperform call and TP of RM9.70 are retained.

Source: PublicInvest Research - 23 Nov 2023

Maintain OUTPERFORM and TP at RM9.95. Our TP is premised on a GGM-derived FY24F PBV of 1.34x (COE: 9.9%, TG: 3.5%, ROE: 12.0%). MAYBANK is expected to demonstrate operational resilience whilst sustaining its position as the leading bank in terms of market share. We believe MAYBANK’s ability to provide the most sustainable returns via its consistent market leading dividend yields (7%−8%) warrants further accumulation of its shares.

Source: Kenanga Research - 23 Nov 2023

https://klse.i3investor.com/web/pricetarget/research/69443

Projecting a 13.1% Qoq Growth in 4Q23 Net Profit
We are projecting a net profit of RM2.67bn for Maybank in 4Q23, representing a growth of 13.1% qoq (+23% yoy). We expect this to be achieved on the back of better contributions from its insurance business (compared to negative contributions in 3Q23 and 4Q22), stable credit costs, flattish or a marginal increase in net interest income, and low single-digit rise in overheads (the above are all qoq trends).

Guidance by Maybank for FY23F
During the conference call on 22 Nov 23, Maybank guid ed for the following for FY23F: 1) a c.25bp contraction in NIM, 2) a net credit charge-off rate of 30-35bp, and 3) ROE of 10.5- 11%.

Reiterate Add on Maybank
We reiterate our Add call on Maybank premised on the potential re-rating catalysts from the write-back of its management overlay and capital management initiatives, which could lead to an increase in dividend payout ratio and ROE. Potential downside risks would be a deterioration in loan growth and asset quality. We retain our FY23-25F EPS forecasts but raise our DDM-based target price (TP) from RM10.30 to RM10.60 (cost of equity: 10.1%; terminal growth rate: 4%) as we roll over our TP to end-CY24F.

Source: CGS-CIMB Research - 22 Nov 2023

https://klse.i3investor.com/web/pricetarget/research/69462

Result is good for dividend investor.
If EPS for 4Q is maintained at this level, full year EPS will be 77+ sen (versus last year 69 sen)
.....at 80% payout, can expect 2nd interim dividend payment of about 33 sen.

https://theedgemalaysia.com/node/689304
KUALA LUMPUR (Nov 8): Malayan Banking Bhd (Maybank) has expanded its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying the financial group’s capabilities and enhancing the ease and efficiency of financial transactions.

In a statement on Wednesday, Maybank said the initiative will benefit over eight million Maybank MAE mobile app users visiting China, as well as more than 700,000 Maybank QRPay merchants in Malaysia via transactions made by visitors from China.

Group chief executive officer of community financial services Datuk John Chong said Maybank’s cross-border initiative demonstrates its commitment to provide convenience to customers and aligns with the group’s strategic thrusts to strengthen its regional presence.

“Our entry into China offers an exceptional opportunity to access the dynamic and thriving Chinese market, further solidifying our international footprint.

https://theedgemalaysia.com/node/689178

Ahmad Maslan added that it is anticipated that total domestic investment will increase to RM700 billion by the end of 2023.

The Ministry of Finance further stated that the EPF is committed to prioritising domestic investments by allocating a significant portion of its annual funds to the local market, including investments in the form of money market funds at local banks.

....so quiet....
....harimau investors quietly adding, I guess :p

.....slow slow sure kaya :)

Congratulations.
MBB pays one of the highest yield among banks.
PBB pays one of the lowest yield among banks.

At current price, historical is 6.55% for MBB, 4.32% for PBB.

Dividend of MBB from this trade is 1.45, capital gain at today is 99 sen....total 2.44.....versus cost of 8.00.....total return is 30.5%.
GentingB today 4.03....a drop of 88 sen.

@jeffchan1901 .....I bought GentingB during pandemic at average about 3.50 and sold at 4.91 on 19-7-21.....switched to MBB at about 8.00.....
....so glad I did that...both trades also win win :)

@1invest1.....haha....we are in the "investment league"
Investors who own MBB and who visit this forum are mostly nice people :)

@1invest1, P/B 1.2 ......is lower than PBB but much higher than most other banks which trades below 1 times.
Even though MBB is a high yield low risk stock but not everyone will want to invest in a low beta stocks....different ppl has different investment mentality...that's why some profit n some loose money :)
...about that "non investor" .....I don't want to comment on him or have anything to do with him....I don't want to bring myself to his level.....that's why I don't visit Genting forum anymore.

@linges, hopefully.
....but I think it's going to trade near 9 for a while...just like in August....
....hopefully will break new high going into year end........

Posted by 1invest1 > 6 days ago | Report Abuse

With highest increase % in price among banks.
Some more, highest div among banks,
Walau Wei, double rewards.
Congrats to all maybankers who bought beginning of year.

________________________________________________________________________

It's still so cheap after recent correction.....
....come, come, welcome to join the Club :)

8.97 ......so cheap, still 21 sen below recent close of 9.18 on 6th Sept.... :p

Wow....sotong so keng :p

Congratulation @linges on all your DIY DRPs :)

I started buying in March 2021.
At 8.76, my total gain is 26.3% (Total cash dividend plus unrealized capital gain)

@1invest1, Thanks.

....but I don't quite agree how analyst consider the price to be all time high by factoring in the dividend amount....if calculate this way, then can say current price is 20 or 30 with all the so many years' dividend added on.
...to me, at 8.76.....YTD only upped 6 sen :)

So, for long term dividend investors, MBB moves within current range will be cheap cheap to DRP or top up with fresh fund.

In another 4, 5 months.....current price will looks very cheap after factoring coming dividend of probably 31 to 33 sen.

volume less than half of PBB and one quarter of CIMB.....tiger is always less panic when market is volatile :)

During 2Q closing, dropped 10 sen and rebounded 12 sen the next day :p

Volume traded lowest among the top 3....even lower than RHB

@linges, Congratulation !
Buying high dividend stock is sure win....irrespective the entry price.

Matched at 8.79 :p

Tomorrow when you check the daily participation....you will see high participation by FF...
.....usual quaduple witching and quarter end closing.

Will do a little DRP during pre close.

Today is probably is Q3 closing.....
...if you look back at Q2 closing, it was as volatile
....and price stabilized the next day (new Q)

If not, will be short change by about 2+%

Thank you MBB.
Happy didn't hold the low dividend one.

Checked at 11 am. dividend in liao :)

https://theedgemalaysia.com/node/683908

He said banks’ net-interest margins are expected to improve in the last quarter of the year on easing credit cost and lower effective taxes.

“Banks have displayed resilience and achieved solid earnings in the recent quarterly results. We like Malayan Banking Bhd, RHB Bank Bhd and CIMB Group Holdings Bhd for their solid dividend yield while AMMB Holdings Bhd for its attractive valuations,” said Thong.

@linges.....EPF sold on 13, 14 & 15....they also sold PBB during those 3 days and sold CIMB on 14 & 15.....so it's difficult to read the moves by this institution....
.....I think they "move" to "create" price to collect or distribute for long term...
.....cannot follow them, as a value investor, just follow value....just my 2 sen.