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

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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.

People have to buy first before you have the stock to let go ya.
As a non investor, you can only watch the rich get richer and cannot let go ya.

LOL....laugh die me.

You have to buy first before you have the stock to sell ya.
As a non investor, you can only watch the rich get richer and cannot sell ya.

LOL....laugh die me.

Financial and Energy leading gains in US market.

BAC registered a YTD gain of 44%......amazing.

Haha.....after the price stayed stable, why the non investor giyobear124 deleted some of his post....laugh die me.

Wow....very good home work, salute and respect.

@WenJun....it's not that you have hurt me...but you like to post nonsense, one must be responsible of what they have to say...

....after PM announced loan moratorium is only for B40 and SME affected....you still posted this ........

Posted by WenJun > May 31, 2021 9:31 PM | Report Abuse

Loan moratorium…. Let’s hope for more discounted shares

Wow...first day total locked down...KLCI up 2.35

Tomorrow can overtake TG boh ? :)

No win yet, never mind, most important is share price is up....

.....so that choysun got no cheap tickets....haha :)

Wow...nice

@JBond007....long time no hear, thanks for good news.

Loan moratorium specially for shearer202 and wenjun....please go to your bank tomorrow to get it.

Congratulations to both.

Reported net profit of RM2.46 billion including a one-off revaluation gain of RM1.16 billion
from the deconsolidation of TNG Digital

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3162505

https://www.theedgemarkets.com/article/not-too-late-position-banks-say-analysts

Average TP :

RHB 6.01

HLB 20.88

MBB 9.34

PBB 4.49

BIMB 4.75

Affin 1.64

MBSB 0.84

The rich gets richer....while the poor needs to post silly to earn 25 sen per post....pity them really

@Sharefisher....totally agree....the RICH and the POOR thinks differently....

https://www.theedgemarkets.com/article/mah-sings-1q-net-profit-surges-rm4028m-higher-contribution-property-development-segment

https://www.theedgemarkets.com/article/not-too-late-position-banks-say-analysts#.YLR0x0iCiCh.whatsapp

https://www.theedgemarkets.com/article/analysts-raise-maybank-earnings-forecasts-after-its-1q-net-profit-beat-expectations

AffinHwang Capital IB raised TP from 9.40 to RM10.30

Kenanga TP RM10.75

@choysun....haha....it's because this is the numbawan stock in Malaysia....and most of its shareholders have diamond hands....

....very few billis own this stock....even those billis who have bought, posted and said he is lucky to have sold already.....BUT at lower price than now....haha....

https://www.theedgemarkets.com/article/net-foreign-buying-local-equities-increased-rm1902-m-last-week-%E2%80%94-midf

https://www.theedgemarkets.com/article/net-foreign-buying-local-equities-increased-rm1902-m-last-week-%E2%80%94-midf

The largest foreign inflow was recorded last Friday at RM113.3 million and the smallest inflow was on Tuesday at RM20.5 million.



Friday....was the day Maybank went ex dividend and traded up 26 sen in heavy volume...

Was foreign net bought ??

Haha..all the poor flies not working hard enough...no discount for choysun.

Poor non investor...why need to worry whether rich investor will sell this stock today or tomorrow....laugh die me.

Sure you cannot do much when you are poor but no need to come here and announce mah.....haha...lol....laugh die me.

Wow...so many good news....

....non event locked down.....mega PPV.....vaccine vaccine and more vaccine...

...the rich Genting shareholders sure will get RICHER !

The whole world is recovering from this pandemic

New infections in India fell to their lowest level in more than six weeks. The country added 165,553 cases, taking the confirmed nationwide total to 27.9 million as of May 30, government data showed.

Daily fatalities remained below 4,000 for a third straight day. The country reported 3,460 deaths, taking the total to 325,972.

Nearly 2 million people went through airport screenings on Friday ahead of the Memorial Day weekend, the highest since the Covid-19 outbreak’s start.


Spain will reopen its ports to international cruise ships starting June 7, the government announced, citing an easing of the pandemic and increasing vaccinations. The country, which relies heavily on tourism, banned ships from docking at its ports June 2020.


New York state’s seven-day average for positive tests fell to 0.73%, the lowest since the pandemic began, Governor Andrew Cuomo said in a statement. That’s among the lowest rates in the U.S. He reported 870 new cases and 12 deaths, in line with previous day.

https://www.bloomberg.com/news/articles/2021-05-29/u-s-cases-drop-by-half-in-may-india-passes-peak-virus-update?srnd=premium-asia

@choysun....don't wait for cheap tickets....take what ever ticket available....just like people trying to book AZ vaccine the other day...haha :)

Haha...on Sunday also the " no money to invest sh*tinvestor88" busy worrying the rich will get richer....

The whole world is recovering from this pandemic...that's a very bullish sign for Genting going forward.

https://www.bloomberg.com/news/articles/2021-05-29/u-s-cases-drop-by-half-in-may-india-passes-peak-virus-update?srnd=premium-asia

New infections in India fell to their lowest level in more than six weeks. The country added 165,553 cases, taking the confirmed nationwide total to 27.9 million as of May 30, government data showed.

Daily fatalities remained below 4,000 for a third straight day. The country reported 3,460 deaths, taking the total to 325,972.

Nearly 2 million people went through airport screenings on Friday ahead of the Memorial Day weekend, the highest since the Covid-19 outbreak’s start.


Spain will reopen its ports to international cruise ships starting June 7, the government announced, citing an easing of the pandemic and increasing vaccinations. The country, which relies heavily on tourism, banned ships from docking at its ports June 2020.


New York state’s seven-day average for positive tests fell to 0.73%, the lowest since the pandemic began, Governor Andrew Cuomo said in a statement. That’s among the lowest rates in the U.S. He reported 870 new cases and 12 deaths, in line with previous days.

“Therefore, I want to announce that beginning June 7, we will add several mega-scale PPVs in the Klang Valley. I have also informed the Selangor menteri besar of this matter earlier.

“We will also increase the capacity in Mitec (Malaysia International Trade and Exhibition Centre), whereby we will open more inoculation stations as well as halls to be used as mega PPVs.

“Next week I will be heading to Penang to discuss the opening of mega PPVs in Penang, and thereafter, I will be leaving for Johor to discuss with the state government of Johor on the opening of mega PPVs in Johor,” he said.

Khairy was speaking at a press conference after visiting Mitec, one of the large-scale PPVs, which would begin operating tomorrow.



https://www.malaymail.com/news/malaysia/2021/05/30/minister-announces-five-new-mega-ppvs-in-kl-selangor-to-ramp-up-vaccination/1978169