Posted by choysun > Oct 13, 2021 8:19 AM | Report Abuse

Today 5.30? :)

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@choysun : the .30 one is at MBB

...haha :p

So sad...this chun one predicted 8.80..

...my target 9.00 by year end :(

Regret to postpone my topping to November....should have listen to sifu tolle to buy some in early October :(

Wow....sifu tolle June 2022 will probably be achieved in the next couple of days...I guess....haha :)

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

Sifu tolle reached his target for the year....congratulation ya.

Haha.....:p

https://www.theedgemarkets.com/article/cimb-closes-rm5-first-time-february-2020

Banking stocks, regarded as a proxy to the economy, have attracted renewed buying on the back of an anticipated economic recovery, after more economic sectors were allowed to operate and the resumption of interstate travel in the country.

The Bursa Malaysia Financial Service index closed 140.90 points or 0.93% higher at 15,353.46.

CIMB’s larger rival Malayan Banking Bhd closed up 11 sen or 1.37% at RM8.16.

https://www.theedgemarkets.com/article/cimb-closes-rm5-first-time-february-2020


Huat ah.........

What so surprising ??

Look at CIMB...another FF favorite.

MBB is just warming up for the next wave...

....hopefully a powerful one for the year end rally.

....don't miss the boat ya :)

Wow....today, CIMB got 1st Prize

....RHB got 2nd prize

....MBB got 3rd Prize

...not bad :)

https://www.freemalaysiatoday.com/category/nation/2021/10/11/kin-of-borrowers-who-die-can-ask-for-lower-interest-charges-dewan-told/

“The banks have agreed not to charge compound interest or penalise borrowers in any form. Banks need the accrued interest on accumulated loan balances as they need to pay interest to their depositors, and bear financing costs,” said Yamani.

Yamani added that banks were discussing the request for a three-month interest moratorium extension for B40 borrowers, who were mentioned in the Memorandum of Understanding (MoU) on transformation and political stability signed by the prime minister and Pakatan Harapan leaders.

“This has to be studied as it will affect their financial status as well as their shareholders’ interests. A workable solution will be announced and implemented.”

Investment Bank Target Price / Fair Value

Public Bank : 9.30

Kenanga : 10.65

HLB : 9.40

Aminvestment : 9.90

What is he/she compared to Investment Bank Analyst?

Wakaka........

While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

https://www.theedgemarkets.com/article/temporary-assistance-programme-be-developed-ease-credit-burden-individuals-smes-struggling

"I would also like to clarify that in implementing the current moratorium, all banking institutions have taken various measures that help to further reduce the cost of credit, especially for the most affected borrowers, and go beyond the obligations set out in the original credit agreement," he said.

First, he said, all banks had agreed not to charge compound interest on interest or penalty interest on all product loans during the moratorium. While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

"Second, credit card holders can request to convert the balance of their credit card loan to a term loan at lower financing rates.

"Thirdly, borrowers who apply for assistance through AKPK and are among the most affected, such as borrowers who have lost their source of income or households facing the situation of the death of a breadwinner, can receive a reduction in interest costs from banks as one of the loan restructuring assistance packages," Tengku Zafrul added.

https://klse.i3investor.com/servlets/ptres/60949.jsp

Meanwhile, the US Treasury yields have recently continued to rise with 9 members of the FOMC in favour of an earlier rate hike in 2022 in the recent Fed meeting as compared to 7 previously. The pressure for rate hikes is expected to also spill over to the emerging markets including Malaysia. Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.



Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.80/share), Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.


Source: AmInvest Research - 4 Oct 2021

Tomorrow...MBB will open at the level it traded for the whole afternoon on Friday, before being pushed down during the close.....THAT IS 8.07.

...after that, up or down is anybody's guess...

...like my sifu tolle said....if you can correctly predict the market...Warren will pay you USD 1M to have a dinner with you

...haha :p

Comparing MBB vs Tenaga....my personal view is that MBB has got better value :

MBB 6 mths 2021 : EPS 38 sen...Dividend 28 sen...current price 8.05

Tenaga 6 mths 2021 : EPS 31 sen...Dividend 22 sen...current price 9.71

...and from historical records....MBB's dividend payout is more consistent.

@jeffchan1901 : For Tenaga...what I noticed is...while EPF has been buying MBB lately....but they have sold Tenaga quite a lot.

In September, EPF sold a total of 44M shares in Tenaga.
Don't know why, may be they were realigning their portfolio.

https://klse.i3investor.com/insider/substantialShareholder/5347/03-Sep-2021/523625_3271069049.jsp

https://klse.i3investor.com/insider/substantialShareholder/5347/06-Oct-2021/525949_332692457.jsp

@prudentinvestor : you are correct....the No.1 blue chip in Malaysia is trading at 12 times PE, dividend yield 7%, price to book 1.1 times....

...that's why, I, as a value investor is invested heavily in this stock.

@jeffchan1901 : It was just my personal observation, I may and may not be correct.
What I observed....most of the sell Q are in big quantity...and before this Q comes in in the early part of the morning, sell Q were very minimal...and on several occasion, a minutes before mid day break, sellers pulled out the, 3 Q you are able to see, all at the same time....and there were many days during the preclosing 10 minutes...buyer/seller are Q at preclosed price...but not a single trade was done during the 10 minutes.

....sifu tolle should be sharper at monitoring these types of movement...may be he can share with us.

Thanks 1invest1.....we are sharing and learning together :)

https://www.theedgemarkets.com/article/banks-have-submitted-counter-proposal-govts-interest-waiver-plan-say-sources

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

However, bankers were tight-lipped when asked what the counter proposal entails. Most just referred The Edge to the Association of Banks (ABM) on the matter.

This is an “interesting” development, a banking analyst said on learning about the banks coming up with a counter proposal, adding this shows that banks are looking for middle ground.

https://www.theedgemarkets.com/article/banks-have-submitted-counter-proposal-govts-interest-waiver-plan-say-sources

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

However, bankers were tight-lipped when asked what the counter proposal entails. Most just referred The Edge to the Association of Banks (ABM) on the matter.

This is an “interesting” development, a banking analyst said on learning about the banks coming up with a counter proposal, adding this shows that banks are looking for middle ground.

...and I observed that there were very minimal retail selling....may be investors who bought MBB are mainly for keep.

Sifu tolle : I guess ASB is converting some of their DRP shares into cash dividend...they have been selling lately but EPF have been buying....may be it's normal for them to take some profit to pay dividend to their unit holders.

Wow...just came back from marketing...have just locked in...

...I guess the Mara boys must have done with their selling during the past few days....haha...good if correct :)

Volume higher than PBB and CIMB...not usual...

...either is Mara boys selling to funds...or Funds passing from right hand to left hand....haha :)

My investing style is simple...I am a value investor...I buy good stocks which I consider cheap and keep for some time...low PE...low PB...and high dividend yield.
I don't chase momentum...and I don't buy hot stocks....example...I don't touch gloves when many are buying during the recent run.

I was holding only about 100+K shares in LKT...already the top shareholders...bcos it was a very small paid up company :p

sifu tolle : like I said above...nothing to shout about...it was just plain luck....

....I believe in these things...like people say No.1 is your life, No.2 is luck and No.3 is fungsui.....

...but one also need to work hard...do home work on the stock before you buy :)

On 2nd September 1998, when dsai was sacked, index was at 268 points...MBB and Tenaga were at RM2+...... :p

Haha...sifu tolle....nothing to should about....just plain lucky...made some money during the AFC and the dot com run....I was the No.30 shareholder in LKT...bought at average about 2....the stock hit a high of 12.50 in early 2000, but i was greedy and don't know how to sell bcos everyday up by a ringgit...only managed to take some profit.

....then made another round during the sub prime in 2007/8 period....sold all my holding in November 2014...when index was at around 1700+ to 1800.....switch all to ASM in 2015...when 1MDB issue surfaced...units were available then....

....then came Covid 19, I switch out from ASM from April last year....initially bought CIMB at around 3.50....then added Mashing ...RHB....and Genting....

....made some money from these purchase....and topped up MBB since March this year...my initially average was 8.33...then dropped to 8.11 after previous DRP...then topped up again recently...my current average is 8.15...but will drop to 8.01 at the end of this month after DRP is in.

Ha..ha...Warren will pay u USD 1 mil just to share a table with u.

....I like this quote

Posted by AllYouCanBuy > Oct 7, 2021 9:00 AM | Report Abuse

@OnTime 10.65 will be end of 2023.


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My bet, end of 2023 will be RM12.....EPS 85 sen at 14 times PE

sifu tolle : will put the cash dividend back to work this end of month...and next batch in November...hope still cheap by then :p

Wow...fatt tatt lor.....hope you chun ya :)

Wow.....

Wow....

Sifu tolle : noted, we see next year :)

sifu tolle : duration 1 year till 31-10-22.....inclusive dividend (total gain).....I bet MBB !!

Today, Singapore and Indonesia up 1.5%....Thailand also decent gain....

@choysun....I also queued at 4.80 :p

https://klse.i3investor.com/servlets/ptres/60926.jsp

Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.80/share), Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations. The US Treasury yields have recently continued to rise with 9 members of the FOMC in favour of an earlier rate hike in 2022 in the recent Fed meeting as compared to 7 earlier. Pressure for rate hikes is expected to also spill over to emerging markets, including Malaysia.


Any increase in interest rates will be positive on banks’ interest income and margins.

@linges....all analyst do not expect impact from moratorium to be higher this year compared to last year.
Last year the dividend was 52 sen, so I am expecting this year to be higher than that, as interim was 28, I guess can expect final to be higher, which is the norm based on historical record, even last year.

Happy weekend and happy buying in 4th Q.

https://www.malaymail.com/news/malaysia/2021/10/03/malaysias-new-covid-19-cases-drop-to-9066-first-time-under-10000-in-nearly/2010367

Wow 9066

Sifu tolle : noted your opinion. Thanks.

Entry price at around 8 is always attractive...from it's historical chart, it seldom trades below 8, only during crisis and only for short duration, and also at 8, dividend yield will be about 7%.....I am still collecting slowly, am cautious on the volatile market....but end of the year usually are positive for market...especially blue chips due to window dressing.

Sifu tolle : PBB IB also likes MBB :)