but I have short term fund available few days earlier than 27th.....so I DRP first if price is attractive :p

159 nia on 27th :)

Big funds realign portfolio.....many banks traded in heavy volume during pre close....CIMB also

Today is triple witching, I guess.....

Haha.....big bosses have total control :p

Share done whole day till 4.44pm 8.9m shares.....
...pre close ONE trade done 8.0m shares at 8.91 :)

Wow....12m share done at pre close at 5.78 :)

Profit taking for a 3rd day....
.....I guess only can see 9, when these profit takings are done..
....but it's very healthy for building a strong base for the next leg up...
.....my guess, new 52 week high by December :)

Previously, even with DRP, EPF & ASB sold before ex date...and sometimes buy back at lower price after ex date, even though they get less DRP by doing so, don't know why they did that, but EPF has been buying before ex lately.
During the previous in March, ASB did some DRP after dividend came in.

6.7% yield is attractive to ASM, ASB & EPF.

If it stays at current level, I guess major shareholders will do DIY DRP when dividend comes in.
MBB is pumping in 3.5b of liquidity to the market.

From my observation, more and more new investors are getting to know MBB as a long term dividend play.....and with these new investors coming in to "lock" for long term....shares float will get less and less in the future (ie. provided not much DRP in future)....which will be good for share price performance.

.....also, this forum is now more lau juak than PBB forum...haha :p

Reading the above comments, who says MBB is an old man stocks?
Investors who now own MBB are very knowledgeable :)

@pang72.....new 52 week high in December :)

These 2 days, the BIG boys give discount.....today many investors queue to get a few sen cheaper :p
...buy q 256 vs sell q 74 :p

The previous ex price was 8.70 on March 13th.
After that the market was hit by the Sillicon Valley Bank news...but the price closed at 8.73 on April 11th......meaning the price made full recovery in one month......with all the bad news and weak sentiment.

@linges, yes, if you hold PBB instead of MBB for dividend play...at this time of the year (2 times yearly) you will feel so "sad" for getting so much less....
......some investors say they hold PBB for capital gain...but looking at the price performance, it has under performed so much for the past year compared to MBB.
....even at current price (after dropping so much) it's P/B price to book value is still so high compared to MBB.

EPF will be getting about 460m Cash.
ASB will be getting about 1.1b Cash.
....if they do DIY DRP with the CASH dividend then it will be good.

....ASB did some during the previous session....

Last year, at early September, I also bought at high 8.91 & 8.93....
....now, after a year, the trade make good profit....
...so, for MBB, anytime is also a good time to add !

Wow...@linges is so rich, DIY DRP before getting the CASH dividend :)
....Congratulation.....

https://www.thestar.com.my/business/business-news/2023/09/07/battle-for-deposits-forecast-to-intensify

“That said, given the RM3bil cap to asset size during the foundational phase, the potential deposits that could migrate from conventional banks to digibanks should not be material, perhaps less than 1% of total deposits in the initial years,” it said.

It added that there had not been any significant deposit competition among Singapore banks last year as well.

Moreover, the research outfit said given the estimated deposit market share up for grabs in the Malaysian banking sphere, deposit competition should likewise be under control. “The key question is whether incumbent banks will stay rational,” it said.

https://klse.i3investor.com/web/insider/detail/SBSH_568800_2342017779

EPF bought 5.2m shares after 2Q23 report.

Foreign holding at 18.37% at end August, highest since February 2020.
Foreign holding was at 22.45% in March 2018.....still alot to go :)
Slowly, slowly, slow & steady :)

https://klse.i3investor.com/web/insider/detail/SBSH_568806_3191381177

62m shares.....who bought??

@pang72......still collecting :)

Not OK....5.60 better :p

They probably are little fan boys who fall in love easily...and don't know how to fall out after....haha :p
....happy weekend to all happy bank investors...

New CEO, very efficient:)

https://www.nst.com.my/business/2023/08/949385/maybank-q2-profit-surges

Its revenue for the first six months grew 46.62 per cent to RM31.32 billion from RM21.36 billion a year ago.

Group president and chief executive officer Datuk Khairussaleh Ramli said the outlook for the second half of the year is much more stable than the first half as interest rate is expected to maintain at 3.0 per cent for the rest of the year.

On earnings, with four months left in the year, Khairussaleh said Maybank expects to see more growth in 2H23.

"We have seen quite a steep compression in the first half primarily rising from competition,funding and deposits but we think that has stabilised. For the 2H23, and in fact we think that net interest margin (NIM) will continue to stabilise until the end of the year.

Wow......
My new sifu :)

@getingreal, this is just a "standard" statement, because they announce late by a few days this Q, I guess the dividend will probably be in our bank by early October instead of late September.

Latest Q dividend for major Banks

MBB 29 sen
CIMB 17.5 sen
RHB 15 sen
PBB 9 sen

Thank You Maybank for the yummy yummy 29 sen dividend.
(record high 1st interim dividend)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381914

2nd Q Banks report......
...the best 2 goes to......
....CIMB & Maybank.

My top 2 Heavyweight :)

Month end closing, funds realigned portfolio.
20+m shares changed hand at 9.1+
.....should slowly trade higher going forward....as usual....typical blue chip :)

Most banks reported a lower QoQ......Harimau is higher....
....Best Bank result !

This time, all cash no DRIP

The Board of Directors has declared a single-tier first interim cash dividend in respect of the financial year ending 31
December 2023 of 29.0 sen (30 June 2022: 28.0 sen) per ordinary share, amounting to dividend payable of
RM3,495,696,857 (based on 12,054,127,092 ordinary shares issued as at 30 June 2023).

@jeffchan1901, can find all DRIP record over here

https://www.maybank.com/en/investor-relations/dividends/dividend-history.page

Best 2nd Q results among Banks (except CIMB, yet to announce)

Yummy 29 sen.......
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381711

Tomorrow's result will help decide if to just hold or continue adding :)

Unlike previous reporting, I think tomorrow's result will move price....

Whether will stand firm, stand lower or stand higher...
....depends on tomorrow's result :)

May be saving the best for last.....haha....can hope only.
Actually, it's better to report about the same time with the other banks, so to make it easier for investors to compare.
Previous Q, it reported a better than most (except CIMB) but there was not much positive impact.... investors cannot compare because it reported earlier than others.

Now, retail is getting bullish and many high beta stocks are flying......retail players don't buy safe boring stock anymore......except big investors seeking safe returns.....these uncles and aunties park in high dividend stock....like Maybank.....why want to park at lower dividend one :p

Yes, sell and buy KSL.....my numbawan in 2014 :)

haha.....@cslee1215
....happy weekend.
....No.1 blue chips shareholders can always party without having to look at QR report :)

Nice.....unlike some, morning pumped green but closing dumped red....haha
....so happy, nice and happy weekend for banks shareholders.....