Oleh itu, sukacita saya umumkan, dengan kerjasama pihak bank,
moratorium enam bulan akan diberikan kepada semua peminjam individu, sama
ada dari golongan B40, M40 atau T20, dan usahawan mikro. Tiada lagi syarat
seperti pengurangan pendapatan, tiada semakan sama ada anda telah hilang
pekerjaan dan tiada lagi dokumentasi yang perlu dikemukakan untuk
permohonan. Anda Cuma perlu memohon dan kelulusan akan diberikan secara
automatik. Kemudahan ini juga ditawarkan kepada pengusaha PKS yang terjejas
tertakluk kepada semakan dan kelulusan pihak bank. Permohonan akan dibuka
pada 7 Julai 2021. Peminjam hanya perlu memohon dan menandatangani
perjanjian pindaan syarat-syarat pinjaman yang berkaitan.


______________________________________________________________________


Except vehicle HP, for other loan, if sign moratorium for 6 months need to pay interest ya.

But I think for vehicle HP....bank cannot change the monthly installment amount...so it's free, I guess.

Pls highlight if I am wrong

Just to postpone payment

Yes, no mention of "free" moratorium.

Dividend in account already....now waiting good entry level to put dividend back to work....this is call compounding...haha :)

FM said he had talked to EPF on the new assistance.....but EPF has still been accumulating lately.

https://klse.i3investor.com/insider/substantialShareholder/1155/21-Jun-2021/518215_610846271.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/22-Jun-2021/518416_1644673095.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/23-Jun-2021/518487_3258089206.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/25-Jun-2021/518713_1252947553.jsp

My guess is it will be blanket for B40 and targeted for M40 and T20.
It will not affect much because a lot of B40 is now already under targeted moratorium.

As the FM has said they might need to compensate for losses, may be BNM might act to release some holding fund to banks to minimise losses.

@Tedinvestor....yes and will slowly top up if it falls on moratorium.
50% of my fixed income from ASM is already in...and will top up another 10 to 20% if price is attractive.

Poor people like rotten apple who cannot afford to own bank shares after losing his underwear playing gloves stock, now everyday praying for auto loan moratorium like a beggar....so shameful.

Poor people like rotten apple who cannot afford to own bank shares...everyday praying for auto loan moratorium like a beggar....so shameful.

@choysun...yes correct.

But whether it's 8 or 10...no difference...because this is a "no sell" stock in my portfolio :p

For the past few days, EPF has been buying while ASB has been selling. (converting their DRP into cash, I guess)

Based on latest dividend, EPF pays higher....they must have better fund managers, I guess.

Follow the winners :)

Good for him....that's why ...name choysun :)

sh*tinvestor88 is not working hard enough for choysun to get cheap tickets :)

Warren Buffett once said: The stock market is a machine that transfers money from impatient investors to patient investors.

Posted by stkoay > Jun 18, 2021 5:01 PM | Report Abuse X

7.5 Million shares done at single price 8.20 during pre closing.

Fund managers play play......

______________________________________________________________________

Last Friday, Foreign Fund net bought 314 Million....Local Institution net sold 328 Million.

https://www.freemalaysiatoday.com/category/nation/2021/06/21/new-lease-of-life-for-tourism-in-a-matter-of-months-says-nancy/

Aside from Langkawi, the ministry has already identified Kota Kinabalu, Penang, Desaru Coast, Pulau Perhentian, Kuching, Melaka, Genting Highlands and Pulau Tioman as green bubbles.

@choysun....4.5 million shares done at pre closing.

7.5 Million shares done at single price 8.20 during pre closing.

Fund managers play play.......

https://www.theedgemarkets.com/article/malaysias-economic-health-gradually-recover-national-recovery-plan

When all is well, CGS-CIMB Securities Sdn Bhd expects investors to shift their portfolios in favour of recovery stocks (its key big-cap recovery picks are Maybank, Genting and Malaysia Airports) in the period leading to phase three of the recovery and Budget 2022.

https://www.theedgemarkets.com/article/malaysias-economic-health-gradually-recover-national-recovery-plan

When all is well, CGS-CIMB Securities Sdn Bhd expects investors to shift their portfolios in favour of recovery stocks (its key big-cap recovery picks are Maybank, Genting and Malaysia Airports) in the period leading to phase three of the recovery and Budget 2022.

Kacang hoping the rich will not get too much richer...haha lol.

My bet...no bullet...LOL

It seems many traders own this stock, need time to flush them out before the price can hold firm.

Susah faham cakap apa.....

@Tedinvestor....agree, I think so.

Haha.....no one need to wait for the drp shares to come before they can sell...
....if investors want to convert their drp allocation into cash, they can sell anytime after the ex dividend date.

.....if you have 10k drp....you sell the shares in your hand first....then wait for the drp to add back to your existing shares....why need to wait for drp shares?? haha.

Malaysia’s Covid-19 vaccination rate has overtaken the average rate across Asia, with latest data showing the country is fast outpacing other major countries with vast populations in the Asean region.

It also showed a sharp upward trajectory as of May 30 in the rate of people given at least a first dose, in a sign of hope that the government’s goal of achieving herd immunity this year might be easily met.

Some 7.3% of the Malaysian population has received at least a first dose of Covid-19 vaccine since the start of the National Covid-19 Immunisation Programme in February, more than the Asian average of 6.47% as well as that of five other neighbouring countries with vast land and population sizes.

https://www.malaysianow.com/news/2021/06/08/sharp-rise-in-malaysias-vaccination-rate-as-it-beats-asia-average/

Dr Noor Hisham: Malaysia’s Covid-19 infectivity rate below 1.0 for second consecutive day.

https://www.malaymail.com/news/malaysia/2021/06/08/dr-noor-hisham-malaysias-covid-19-infectivity-rate-below-1.0-for-second-con/1980410

Dr Noor Hisham: Malaysia’s Covid-19 infectivity rate below 1.0 for second consecutive day

No automatic blanket moratorium....

....Covid new cases down....

....nice :)

Wow....huat ah....

Posted by choysun > Jun 5, 2021 4:59 PM | Report Abuse

And they are ramping up daily vaccination rate even more! Fantastic man. Can't wait to CucukMyAZ in July myself. Hahaha

_______________________________________________________________________

Wah choysun still a young man, still need to wait till July to cucuk AZ....haha :)

But just because we can, does that mean we should? Repeating the blanket moratorium also means that the government may need to significantly compensate banks for a measure that was not even necessary in the first place.

But just because we can, does that mean we should? Repeating the blanket moratorium also means that the government may need to significantly compensate banks for a measure that was not even necessary in the first place.

Just because we can, doesn’t mean we should

I was recently quoted in the media that the government cannot compel banks to give a blanket moratorium, and this was subsequently taken out of context by opportunistic quarters promoting their populist agenda. To clarify, under the Central Bank of Malaysia Act 2009 (CBA) and the Financial Services Act 2013 (FSA), the Minister of Finance does not have the authority to instruct the banks to give an automatic moratorium. Further, under the current Emergency (Essential Powers) Ordinance 2021, any new legislation has to be approved by Cabinet and then presented to the Yang Dipertuan Agong for His Royal Highness’ assent.

Section 4 of the Emergency Ordinance confers powers to the government to acquire and mobilise any resources necessary for public good, but Section 5 clearly stipulates that any compulsory measure by the government must be matched by a compensation to the party that has yielded its resources. In short, this cannot be done at zero cost to the government.

Just because we can, doesn’t mean we should

I was recently quoted in the media that the government cannot compel banks to give a blanket moratorium, and this was subsequently taken out of context by opportunistic quarters promoting their populist agenda. To clarify, under the Central Bank of Malaysia Act 2009 (CBA) and the Financial Services Act 2013 (FSA), the Minister of Finance does not have the authority to instruct the banks to give an automatic moratorium. Further, under the current Emergency (Essential Powers) Ordinance 2021, any new legislation has to be approved by Cabinet and then presented to the Yang Dipertuan Agong for His Royal Highness’ assent.

Section 4 of the Emergency Ordinance confers powers to the government to acquire and mobilise any resources necessary for public good, but Section 5 clearly stipulates that any compulsory measure by the government must be matched by a compensation to the party that has yielded its resources. In short, this cannot be done at zero cost to the government.

https://www.thestar.com.my/business/business-news/2021/06/05/why-use-a-sledgehammer-to-crack-a-nut

https://www.thestar.com.my/business/business-news/2021/06/05/why-use-a-sledgehammer-to-crack-a-nut

KUALA LUMPUR, June 5 — Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long fight against the Covid-19 pandemic, the finance minister argued today.

KUALA LUMPUR, June 5 — Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long fight against the Covid-19 pandemic, the finance minister argued today.

https://www.malaymail.com/news/malaysia/2021/06/05/just-because-we-can-doesnt-mean-we-should-finance-minister-justifies-banks/1979774

https://www.malaymail.com/news/malaysia/2021/06/05/just-because-we-can-doesnt-mean-we-should-finance-minister-justifies-banks/1979774

https://www.theedgemarkets.com/article/hlib-sees-continued-recovery-banking-sector-twoyear-cagr-166

For large-sized banks, he likes Public Bank (target price [TP]: RM4.50) for its defensive qualities in uncertain times and Maybank (TP: RM9.40) for its superior yield.

https://www.theedgemarkets.com/article/hlib-sees-continued-recovery-banking-sector-twoyear-cagr-166

For large-sized banks, he likes Public Bank (target price [TP]: RM4.50) for its defensive qualities in uncertain times and Maybank (TP: RM9.40) for its superior yield.

Maintain OVERWEIGHT: Bell-weather MAYBANK stood out for exceeding both our and consensus expectations, making up 32% of full-year estimates.

The challenges posed by the pandemic appear to have succeeded in containing costs as evidenced by pedestrian increases in operating expenses, with HLBANK and MAYBANK even reporting lower YoY expenses.

MAYBANK (OP; TP: RM10.75)

https://klse.i3investor.com/servlets/ptres/59859.jsp

Non investor with no money to invest can only watch the rich gets richer.

And this poor non investor only got useless free time to tok kok...

....laugh die me.

The No.1 bank with the highest profit and highest dividend yield, yet it is trading much cheaper (in term of price to earning and price to book) to the No.2 bank.

Don't miss this super bargain.

The whole world, banks are rallying and in US, many hit all time high.