https://www.theedgemarkets.com/article/bursa-net-foreign-inflow-malaysian-stocks-spiked-rm198-bil-august

On a YTD basis, Bursa said the financial sector continued to lead in terms of foreign inflow at RM5.2 billion.

Contrary to the positive foreign inflow, Bursa noted that local institutions resumed their selling with the net selling amount intensifying to RM2.4 billion in August from RM41 million in July.

It said local institutions — the only net sellers in August — reduced their position in the financial sector by RM1.68 billion. On a YTD basis, they net sold the financial sector by RM4.1 billion.

Haha.....may be need to change name to TokKokKing......

Cannot move elsewhere cos fell in love with one stock only.......haha :p

Long term investors have sold liao ah?
Haha :p

https://klse.i3investor.com/web/pricetarget/research/64717

Retain our OVERWEIGHT stance on the sector with top BUYs on RHB Bank (fair value RM7.40/share), CIMB Group (FV RM6.70/share) and Maybank (FV RM10.30/share). For large-cap banks, we continue to like Maybank as our top ESG pick for banks and its attractive FY23F dividend yield of 7.3%.

https://www.bloomberg.com/news/articles/2022-09-06/indonesian-stocks-eye-fresh-record-boosted-by-commodity-gains?srnd=premium-asia

When SKYROCKET ??

https://focusmalaysia.my/public-bank-earns-wrath-of-netizens-for-old-school-insensitive-customer-service/

https://www.freemalaysiatoday.com/category/highlight/2022/09/06/dont-raise-opr-for-third-time-in-a-row-says-guan-eng/

https://www.theedgemarkets.com/article/malaysia-central-bank-deliver-two-more-25bp-rate-hikes-year

https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia

SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.

Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.

Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.

The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.

https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia

SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.

Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.

Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.

The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.

https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia

SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite.

Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost.

Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half.

The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment.

https://www.thestar.com.my/business/business-news/2022/09/03/man-group-asia-stocks-will-be-first-to-emerge-from-downturn

MAN Group Plc expects Asian stocks to outshine other regions next year as softer inflation and the end of an earnings downgrade cycle set the ground for an early rebound.

Within the region, the hedge fund giant is betting on defensive stocks in India and South-East Asia while cautioning that equities across northern Asia remain more vulnerable to trade headwinds and the economic slowdown in China.

“A lot of the problems the west is dealing with right now around speculative bubbles, over-stimulus, inflationary pressure and scarcity of labour – all these factors don’t exist in Asia,” said Andrew Swan, head of Asia ex-Japan equities at the Man GLG unit of the London-based asset manager.

“The foundations are much stronger now in Asia than in other markets.”

Yes, more than 700 points swing.....very volatile
...so, like Kenanga IB says.....buy high dividend yield stock.

Wow.....US SKYROCET 300+ points :p

@LeonardLiong......ASW is Amanah Saham Wawasan.......Many years ago they used to pay dividend above 6%....but last 2 years it was 4%, this year it's 3.75%....so. I am switching out from the fund to top up Maybank.
These fixed price funds from PNB hold a lot of Maybank.....if they hold 100% maybank then they can easily pay dividend above 6%....but they hold many other blue chips that are not performing well......so might as well I managed myself by switching to Maybank.

https://www.theedgemarkets.com/article/analysts-expect-banking-stocks-remain-resilient-rising-interest-rate-environment

As such, Kenanga maintained its "overweight" call on the banking sector, with top picks leaning towards dividend counters to shelter against uncertainties — Malayan Banking Bhd (Maybank) and Affin Bank Bhd.

"In terms of top picks, we still like Maybank, which we highlight for its stellar dividend returns (7% to 8%) paired by its commendable asset quality readings in spite of being the leader in loans and deposits share," it said.

8.88 is good, am withdrawing ASW to buy....already bought some at 8.93 n 8.94 this morning.....happy switching.....

Now, it is still price fixing for DRP......institutions want cheap DRP.....sure will not let run yet.....no need to rush to buy.....can wait for good price.

@jaya......nice

@choysun.....RHB and CIMB give higher discount (about 10%) for DRP also.....
.....Maybank cannot afford to do that.....if they give big discount, then ASB will give big sell to take profit...haha..

....so a little is good, no need too much......also it will dilute future earnings.

The quietness in forums lately means people are now cash rich.......which is a good thing for the next uptrend.......most people like to chase high and sell when there are negative news ....haha :p

@choysun.....21 sen cash and 7 sen electable for DRP...meaning can take all 28 sen cash if don't want the 7 sen for DRP

@choysun....quiet means all lari liao...haha...
...but that also means a lot cash is at side line, which is a good thing for next up trend.....cheers

Total KLSE value done at RM2.715B versus 1.589B yesterday......walau eh...

....."feel good" rocket warming up liao

Wow...so quiet.....report GOOD QR also no posting....haha :p

@prudent.....why sell? I am adding....switching more from ASW n ASM....happy buying...hope won't go up yet :)

ASW 2020.....dividend 3.75 %......half of Maybank dividend yield

Total KLSE value done at RM2.715B versus 1.589B yesterday......walau eh...

....."feel good" rocket warming up liao

9.6 million shares done in single trade at 8.97 during pre close

@money.....HLB full year 2022 dividend is only 55 sen....


https://www.theedgemarkets.com/article/hong-leong-bank-4q-net-profit-32-higher-net-income-lower-provisions

Hong Leong Bank declared a final dividend of 37 sen per share, bringing the full FY22 dividend to 55 sen per share, with a dividend payout ratio of 35%. This compares to the dividend of 35.22 sen per share for 4QFY21 and 50 sen per share for FY21.

Wow.....Kenanga, HLG and Aminvest IBs......say Buy Buy Buy

....over at Public Bank, these same IBs only say Hold Hold Hold :)

After 2Q22 report, RHB-OSK, KENANGA, HLG and AmInvest Investment Banks all gave HOLD call on Public Bank......
......These same IBs, all gave BUY call on Maybank :)

https://www.theedgemarkets.com/article/maybank-sees-asean-emerging-defensive-harbour-partially-decoupling-possible-us-recession

But cannot compare......cos RHB is considered smaller bank (smaller cap)

RHB dividend should also be quite high if the 2nd interim can be maintained at last year level....

After the others have reported....it's confirmed......this is the DIVIDEND CHAMPION !

Nice.....traded higher after reporting.....

.....unlike the other one....traded lower after reporting :)

Engine starting already for "feel good" ??

Index linked stocks to shoot up to break 1600 points ??

"feel good" coming soon.......

https://www.thestar.com.my/news/nation/2022/08/26/budget-2023-expected-to-be-tabled-on-oct-7

https://www.theedgemarkets.com/article/analysts-still-maybank-despite-preemptive-provisions-2q

KUALA LUMPUR (Aug 25): Malayan Banking Bhd (Maybank)’s nearly 60% increase in allowances for impairment losses on loans in the second quarter could just be a one-off event, said its newly appointed group president and chief executive officer Datuk Khairussaleh Ramli.

Khairussaleh explained that the spike in loan loss provision is a pre-emptive measure in anticipation of weaker external environment outlook in the second half of the year.

“This is a pre-emptive provision, and it is supposed to be one-off, particularly affecting segments of oil and gas as well as hospitality,” said Khairussaleh in his first media briefing on quarterly results since his return to Maybank in May.

Bank only give you about 3% and "capital guaranteed" meaning no capital appreciation....haha

This tiger gives more than 6.5% plus chances of capital appreciation :)

14th October, I guess.

This tiger has been very efficient lately, can expect the dividend to be in around mid October.

DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FIRST INTERIM DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2022 ("23RD DRP")

On behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”), Maybank Investment Bank Berhad wishes to announce that Bank Negara Malaysia has granted its approval for Maybank to increase its share capital through the issuance of up to 138.0 million new ordinary shares in Maybank pursuant to the 23rd DRP.

This announcement is dated 25 August 2022.