Wow...so quiet over here :p

Wow....nice, 5.50 again....investors will definitely get richer over the long term....
.....non investor busy busy trolling...busy busy monitoring the wealth of investors must be very stressed out.....haha....LOL

https://klse.i3investor.com/blogs/rakuten/2021-04-12-story-h1563424697-Malayan_Banking_Bhd_Innovating_its_roadmap_for_growth.jsp

Buy with a TP of RM10.60 or a PBV of 1.37x derived from a higher applied ROE of 11% (which is below management’s 5-year target of 13-15%.

MAYBANK is our Top Pick for the banking sector for its most favourable risk-to reward with the highest dividend yield in the industry plus solid ROE prospects. MAYBANK hosted a briefing to share its 5-year plan and strategies to achieve planned targets by 2025. Fundamentally, these targets include: (i) sustainable ROEs of 13-15%; (ii) CIR (cost to income ratio) of less than 45%; and (iii) EPS of above 100.0 sen (accounting for future dividend reinvestments). Management also aspires to position the group as a regional ESG leader by driving sustainable financing up to RM50bn in 2025, and to be carbon neutral by 2030.

Info for those who have fund to invest (not for pokkai non investor)

https://klse.i3investor.com/servlets/ptres/59261.jsp

MAYBANK has laid out a five-year plan (2025) to drive sustainable ROE, CIR, and EPS above 100.0 sen.

Even if Maybank is RM5, it will also not benefit pokkai non investor....LOL

Financial is green in US tonight :)

Those who have bought prior to 10th April 2020, till today, they have received 149 sen plus 28 sen coming in next month....so, total dividend since then is 177 sen :)

At today's price, the dividend yield has risen to 6.74% (based on 58 sen)

....next year with no more cukai makmur, if can get 60 sen, then the yield will be 6.97....ASB also cannot give this high :)

KUALA LUMPUR, Sept 18 — Former finance minister Lim Guan Eng has called on the government to protect the people and not banks’ profits.

The DAP lawmaker said the government should instead demand that banks share their “good fortune” following the rise in the overnight policy rate (OPR).

https://www.malaymail.com/news/malaysia/2022/09/18/protect-people-not-banks-guan-eng-tells-putrajaya/28767

https://www.malaymail.com/news/malaysia/2022/09/18/protect-people-not-banks-guan-eng-tells-putrajaya/28767

https://www.malaymail.com/news/malaysia/2022/09/18/protect-people-not-banks-guan-eng-tells-putrajaya/28767

In US, financial was also the only green last night.
Bank of America and Wells Fargo closed up 1.8%

https://www.cnbc.com/2022/09/15/european-markets-open-to-close-data-news-and-earnings.html

European markets saw choppy trade Thursday, although banking stocks maintained strong gains.
Banking stocks, however, added 1.71% following a Morgan Stanley analyst note upgrading the banking sector. The euro zone bank index hit its highest level since June 10, Reuters reported.

https://www.theedgemarkets.com/article/malaysia-likely-meet-annual-gdp-growth-77-%E2%80%94-jpmorgan
KUALA LUMPUR (Sept 14): JPMorgan is optimistic that Malaysia will be able to meet annual gross domestic product (GDP) growth of 7.7% in 2022, which is likely to be one of the highest in the region.

According to JPMorgan Malaysia chief executive officer Wong Hooi Ching, the country’s economy is resilient with a strong banking system, supportive government and prudent corporate citizens.

EPF bought on 9-5 https://klse.i3investor.com/web/insider/detail/SBSH_549175_2893996810

https://klse.i3investor.com/web/insider/detail/SBSH_549174_2893996808

https://klse.i3investor.com/web/insider/detail/SBSH_549176_2893996812

ASB sold.....picked up by PNB

My latest top up was early by one week.....hmmm.....may add a little tomorrow.

For long term dividend investor, price weakness equal higher dividend yield.

For short term trader, price weakness equal weak technical equal don't buy.

Those buying at current rice, will be paying only about 8.60 (net of dividend 28 sen)

...with dividend at about 58 sen, net dividend yield will be about 6.7% for next year.

Will know when Parliament is dissolved.

Some fund accumulating bullets for "feel good" project ??

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