@jeffchan1901....agree...buy at 8...lock in your safe...every year get 6-8% dividend....will never loose money.

Management has a guidance of "more than 100 sen earning per share earning" in their 5 years plan.

https://www.theedgemarkets.com/article/maybank-set-fiveyear-plan-achieve-1315-roe


Maybank president and chief executive officer Datuk Abdul Farid Alias said the group has set its desired long-term outcomes by 2025, including an aspirational return on equity (ROE) of between 13% and 15%, a cost-to-income ratio of below 45%, earnings per share (EPS) of more than 100 sen and delivering a dividend payout ratio of between 40% and 60% on a net cash basis.

pang72.....am queuing 7.99 n 7.98....

....congratulation to jeffchan and those who bought yesterday...good decision!

Confirmed ! an insecure mental case !

Haha....superSinghinvestor asked to be friend...then deleted his post

Go find someone who is like you !

Sorry Singh investor...we cannot be friend..because we are of different standard....and different category.

Posted by supersinginvestor > Nov 1, 2021 2:07 PM | Report Abuse

Little people plz understand
Pbbank is here cos of the gormen doing good..
All that good has to be paid for..
Gst cant now cos election soon..
Other taxes r worse...
This is best...markets should be going up..
But as u know little people r fools...
The smart buy now..

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Sifu tolle,
He owns a very little numbatu PBB...being an insecure mental case...he feels threaten by this numbawan MBB....so, must come here to talk 3 talk 4 talk kok......

....laugh die me....LOL

Wow....choysun.....my bullets are ready...

choysun....when 4.80 ?

Posted by apple168 > Oct 31, 2021 6:07 PM | Report Abuse

Estimates Maybank to drop at least 10%!

Come....come...come....the one who predicted a 10% drop, come to confirm your status as THE BIG CLOWN of i3

Good decision.

I also queue 20% of my available fund at 7.99....if cannot get by pre close, will adjust up 8.00 :)

KUALA LUMPUR (Nov 1): CGS-CIMB research estimated that "Cukai Makmur" will lower banks’ total net profit for financial year 2022 (FY22) by 9%, with AMMB Holdings Bhd appearing to be the hardest hit.

In his view, Malayan Banking Bhd (Maybank) will be the least affected as he estimated a 7% negative impact on the projected FY22 net profit for the bank.

He assumed that 39% of Maybank's FY22 pre-tax profit will be generated from the overseas market and hence not affected by Cukai Makmur.

However, he maintained his "overweight" call on banks given the potential rerating catalyst from his projected core net profit growth of 7.3% for FY22.

He also estimated banks’ loan loss provisioning for the third quarter (3QFY21) increased quarter-on-quarter but declined year-on-year (y-o-y), which was positive for banks’ y-o-y net profit growth in 3QFY21.

https://klse.i3investor.com/servlets/ptres/61102.jsp

The initiatives from the Budget 2022are mostly positive for the banking sector as various measures have been proposed to increase household income with jobs creation and more cash assistances. Businesses (mainly SMEs) will benefit with enhanced micro-lending facilities while receiving incentives for hiring employees from targeted groups. However, the one-off Prosperity Tax will hurt CY22Eearnings, by 5-14% within our coverage buthas a marginal impact to our TPs (refer to overleaf for further details). That said, there should still be an overall improvement from CY21 amidst better loans performance, asset quality and lower net impairments. However, the uncertainties behind NIMs leave us cautious as its correction could be quicker-than-expected. MAYBANK(OP; TP: RM10.55) is our Top Pick for dividend safety (6-7% yield) and RHBBANK (OP; TP: RM6.10) as a tactical pick for its potential participation in the digital banking space.

Source: Kenanga Research - 1 Nov 2021

Dividend versus Capital appreciation.

Dividend is determined by the fundamental of the company.

Capital appreciation is determined by market forces/trend.

I prefer low beta high dividend stocks because when the market is down and (if) it stays down for many many years I still get my dividend if the fundamental of the company is intact.

Fundamentals for banks are improving....market trend no body knows ( like my sifu tolle said...if you know, Warrent Buffet will pay you USD1m to have lunch with you).

If you own Maybank and you compound the dividend yields of 7-8% over many years it's still a VERY ATTRACTIVE INVESTMENT RETURNS.

My 2 sen for the day.

https://www.malaymail.com/news/money/2021/11/01/aminvestment-rates-malaysias-banking-sector-overweight-as-loan-growth-picks/2017520

On the average impact to banks from the one-off imposition of “Cukai Makmur” (Prosperity Act) as announced in Budget 2022, the research firm said as it is only a one-time tax rate hike and it expects investors to eventually turn their attention to the improving fundamentals of banks (recovery plays) which will benefit from a stronger economic growth.

“We continue to see prospects of improving total income supported by a pick-up in loans growth and potential interest rate hikes benefiting banks’ net interest margins.

“Additionally, banks’ asset quality is anticipated to improve ahead, hence, requiring lower provisions,” it added.

We retain our overweight stance on the sector with our top buys on RHB Bank with a fair value (FV) of RM6.80 per share, Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share).

https://klse.i3investor.com/insider/substantialShareholder/1155/26-Oct-2021/527583_327504461.jsp

EPF has already sapu 12 million shares at RM8.20 on 21-10-21.

sifu tolle, this is a high dividend yielding stock....those who own this stock are mostly long term...and institution...so, I do not foresee much panic selling....some knee jerk reaction yes....

...at current price, the yield is 7-8%.....if the price drop some more resulting higher yield....I bet the EPF will be so happy to sapu kuat kuat.

sifu tolle...i think buy shares worth RM10k also tak boleh for this monkey.....haha

This rotten apple has been talking kok in Genting forum from RM3+ ....then disappeared into thin air....laugh die me.

Posted by apple168 > Oct 31, 2021 6:07 PM | Report Abuse

Estimates Maybank to drop at least 10%!

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come back tomorrow after market closed to confirm what a joker you are.

@tolle....you are correct on the above...

...I have just checked, price on 23-9-21 was 8.15, then it dropped to 8.01 on 5-10-21...

...so, may be some funds have sold some on the above news...

...so if this is correct, then it has partially been priced in.

Welcome SureHuat

Posted by jianwei90 > Oct 30, 2021 12:13 AM | Report Abuse
2?
hi stkkoay, but the upcoming dividend is for FY2021 right, hence there will not be any impact since the new tax rate of 33% is for FY2022?

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I think I got it wrong....assessment year 2022 means 2021 profit.....

...so still got 2 quarters to report...it's better than 2022 profit I guess bcos current year profit is still affected by moratorium while next year profit is expected to be better.

If yesterday you queue at 8.07, your queue will be matched at 8.05...the lowest trade done before pre close was 8.09.....the rest of queue above 8.05 was done at pre close 8.05.

Short term traders chase momentum ....buy high hoping to sell higher...

Long term investors buy low to keep.

Most winning trades are made during a down market.

Good advice from sifu tolle....buy slowly when price is cheap.

Haha...if you go read those forum where the company are making losses...the ppl who own the shares is happy that their company is making losses than need to pay cukai makmur....

...making losses nvm, no need to pay cukai makmur is good for the share price....haha...lol.

jianwei90...that's correct, next dividend is final dividend for FY2021....cukai makmur is for FY2022.

...but that's not important for how the share will perform...it's the sentiment on the news that will affect the movement of share price...

...fundamentally, it will affect a few percent of next years profit...but successful opening will be more positive than this particular negative...

...I will buy the knee jerk reaction....no long term issue.

MBB has made a provision overlay of 4.6B....which can be reversed if it's not fully utilised....may be more than the cukai makmur impact.

https://www.theedgemarkets.com/article/maybank-has-made-provision-variables-mco-30%C2%A0

Farid highlighted that Maybank has made a whopping non-performing loan provision of RM4.6 billion in 2020 which has also taken into account the likelihood of impairment this year.

“To some extent, if you've seen some of the banks in the US, especially, they have reversed some of the provisions in the fourth quarter, but we did not make such a reversal,” said Farid, explaining that the macroeconomic variables have to be sustainable before the bank shall make any reversal.

Stamp duty in Singapore is 0.2%

...in Hong Kong was 0.2%, since August has been increased to 0.26%

...both also No Cap...

...both markets are well liked by FF....may be bcos no cap will make it more costly for Sharks to play play....

Cukai makmur theoretically impact profit by about 9% next year....if dividend were to be impacted accordingly...it will be about 5 sen...

....but as cheeseburger mentioned above....last year was still a respectable 52 sen.

Congratulation Cslee1215....matched at 8.05

Yes choysun...I have taken some profit, now waiting to buy back also :p

I missed the boat during early October....now, boat coming back liao...

....will get on board next week, when fund is in.

Amboi.....choysun 4.80 coming liao...if

Once break...next support retest support level @ 1553 ~ 1558...

Posted by Keyman188 > Oct 22, 2021 3:15 PM | Report Abuse X

Next week very high possibility retest support level @ 1569 ~ 1576...

Once break...next support retest support level @ 1553 ~ 1558...

Market sentiment turn to crucial for upcoming "happening"...

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Keyman188.....very chun !

@Keyman188....yes, very chun :)

Sifu tolle....yes this guy is sure a mental case that needs medical attention.

Oh dear, this Super Singh investor deleted his post again...then those who read my answer might think that I was arrogant.

For those who didn't see what he posted...let me inform..

...he addressed me as shiitfu stkoay...and said I am an ikan billis...not worth his time...

...he said he can show me his kok and asked if I want to see.....

....he posted at 4.06 pm....I am sure someone might have seen his post...so it's not for him to deny ya.

Talk is free...and you think the investors who read MBB forum has no brains....haha....laugh die me.

Haha...yes I can show what I have is considered ikan billis...

...then you got no balls to take up challenge ....and got NOTHING to show...is considered what?

...laugh die me...

...let the people here be the judge....who is what...LOL

Waited from....before pre opening until market opened...the supersing "smart" investor never show up to prove who is actually "smarter"

Yes....when 4.80 ?

ok...ok....may be you don't own much stocks....we can play another way...

....instead of queue to sell....we can also queue to buy (to show own trading limit)

....just name the stock and the quantity we want to queue during pre opening this afternoon...inform here before we make queue.

The self proclaim smart investor got nothing to show....

...dare not take challenge to play show hand....haha

Haha...I always enjoy reading sifu tolle's :)

@choysun....I also want 4.80 :p

Sifu tolle....noted thanks.....so attractive....will slowly switch all my fixed income to this one :)