consul ur nroker or financial adviser, usual disclaimer

If i were u, i will topup at the 8.00-8.01 a bit/part of the required amount; so it get lower , u still bullets to average down.. whats a RM20 diff, as (hopefully) interim div is declared

Just for reference, yesterday Cslee1215 asked and i replied.

"
Cslee1215 Tolle, what is ur forecast for next monday movement?

Tolle thinks it will be range bound(7.98-8.06)...

Somefunds will be spooked, but epf will hold it at around this price as on 26th Aug QR will be released with dividend (expect 20 sen minimum) with 100% DRIP at RM7.60
*my prediction
15/08/2021 8:29 PM "

and today's range was 8.01-8.06.

You can thank me later.

sorry, same dog, same shit

usd exchange rate? affected by same dog, different breed

I onc had a friend who made a youtube channel and he asked many people in forum and discussion group, and he ended up being making US50k per month as he could make many people clcick and earn a lot of money in USD. He all in bitcoin and he lost a lot, now he isd asking u people to clck his utube channel again.. so dont waste time

Few times people asked me to click some http:.. and said i will get free washing machine, last last end up talking to police who said i had court case and asked my ic number and bank account

dont click. SCAMMER AND HACKERS around

My friend lost his bank account and also all his password thru hack.. and bank dont cover his losses cos the hackers had the right password

nightfighter : click bait? i think u are trying to see ur chan, this is MBB not profit with u tube. LOL

Poeple: u have been warned, u click whatever people try to click, u may end up witha virus .. so dont ever trust people suggesting u to click.. it is a bait.

PBB dropping 0.5 % every trading day... from 4.19 to 3.91... good?

shybutter : Do u really think EPF sell off blindly?... Think again. You have most RM 500k to buy MBB? Once u buy, u will not buy again... at most another 500k. You stop buying. I stopped buying big quantities long ago. I add 1k to 3k shares every few months ( if i have budget) and sometimes i buy other shares.

If epf sell so many shares, who do u think buys? Answer: Other big gov backed entities like Tabung Haji/Kwap.LTAT/ASN/ASB and other big funds(Unit trust only limitedly cos they wil focus on better returns on capital).

ALl the above funds pakat pakat and buy sell among themselves as only they can absorb the large quantities. SOmetimes foreign funds do nibble but mostly they dont care about MY stock as Singapore reits pay better dividend than MBB and RM dont drop/volatility as 4.02 t0 4.24 . Funds dont like unstable currency.

So major funds keep it low to get better DRIP ( in 2 weeks) qtr report and only push it up if they have political agenda to back up the lord if thye request so. Sometimes .....

SO if u think it is so lousy stock, then sell and put ur money in fixed depo. If cheap buy, if dont care, then dont buy dont sell. Easy fix. U can sleep easy , just sell.

Ok? DId u sell/buy or hold?

tollebunsmith Quote:
Cslee1215 Tolle, what is ur forecast for next monday movement?

Tolle thinks it will be range bound(7.98-8.06)...

Somefunds will be spooked, but epf will hold it at around this price as on 26th Aug QR will be released with dividend (expect 20 sen minimum) with 100% DRIP at RM7.60
*my prediction

Was i dreaming just now?

Then i propose to take over PBB and declare a special dividend of 3.98 for each share, then u guys can buy & takeover RHB.

Evenif u all small investors make me the CEO or chairman, i can beat T/Haji/EPF/KWPK/ASN... so i cant kick them off and declare special dividend of RM8 per share....

If doom year, eve better, will there be a big price drop? If NO, then no issues.
If YES, even better, sell now, collect later.
So seriously, doom sayers, just say for fun.
Cos they will do nothing, and let the millionairs set the tone and millionairs will ALWAYS win.

If Komidi can propose himslf, can i propose myself to be CEO of MBB?

If not, keep quiet and hold tight tight.

* The above is just my opinion and not a finalcial advice, pls consult ur own financial advisers before any decisions. Thank you.. Kedah MB can sue if u complain, so i will also sue if u make too mush noise that i dont like.

Seriously, wait for 26 Aug. to see QR and how much u get. After that sell all ur PBB & MBB if u think Intrest will be abolished like for FELDA.

kennethlkf : sit down and think one minute only. Answer all questions honestly.

A very simple story.

If u buy a house for 200k , u do not pay cash.
If u sell a house for 200k, u dont get cash,
If they pay you cash, u also dowan cash.
So where is all the money?
If u buy,, the bank just ask u to sign some a4 papers , which u can buy 400 pieces for RM10.
The same bank give the seller a small, printed form ( b4 size) to transfer the cheque into ur account, for simplicity assume it is the same bank ( in which case u dont even receive a cheque ), You dont touch any cash.

And the buyer pays about 4% per annum, and u the seller will receive about 1% for keeping just a digital record for the buyer and seller.

So if law says buyer dont have to pay interest, banks turn to the seller and say, sorry seller we cannot pay u intrest, so take ur money back. And if u insist to keep all the cash in another bank, the bankers are all angry, and they dowan to take ur money. They say if u want the bank to keep your cash, u pay me 3% intrest per annum for me to jaga your money. You get angry too, so u say it is unfair. Banker say ok, it is unfair? Ok.. banker from tomorrow say he will sleep and work in your house but he wont pay any money as it is unfair.

So u decide to take cash back to your house and keep the cash. So u worry about Nazeeb songlap ur money, so u hire security, which dont come cheap as they must be checked for corruption and work record and that is expensive, Only Nazeeb wants to work free for you. So u decide better hire good people and u need to spend 100k per year to safeguard your 200k.

Then u get a brilliant idea. You ask a few sellers. u help them to safe guard their cash and u want to charge 10k per month for the service,. THe sellers argue it is not fair to them u charge them a fee ( in other words intrest).

So , how now?

Pay or dont pay.

If sellers pay, then BNM Zeti comes to you house and say, u kena fine RM10 million for doing illegal deposit. You argue, u dint know, so want to make it legitimate. So Zeti , is ur friend decides to tolong you. She gives u a lesen and say the annual fee for the banking lesen is 100 mil a year renewable every year, just as PBB , AMBANK, Allianz, CIMB are allcharged as much.

You so happy, u nearly trip and fall from ur balcony. Lucky ur wife save you.
Then u sit down and cry, cos if u get the lesen also no use cos nobody want to pay any intrest.

Now nobody can buy any house unless they pay cash , as banks say they dowan ur intrest ( both buyers and sellers) cos banks all in into crypto and suddenly MBB Zam and PBB Teh both share same table as Warren Buffet as the two bankers are declared richest bankers in the world .


If u so keras dowan pay any intrest, bankers also dowan ur lousy intrest and dont want to do hire purchase/mortgage.

At first Finacial companies very very happy, until they learn they cannot charge intrest. So financial all in into ETH and DOGEn. They also dowan to see your face and the next month they sell ETH and drive felali. Even if u beg them to keep ur money, they want u to buy Safe deopsit box , and for that u have to pay 3% value as service fee . So you happy, banks happy, Mahia happy and every body happy cos no pay intrest.

So, u get my point? or dont you? ( Answer: yes!! yes.. i see I will be paying 3% instead of getting paid to keep my money in the bank as the bankers pusing and collect service fee more than paying intrest)

So, if this happens , Zafrul will be celebrated as the BEST guy in the whole world for abolishing intrest rate in Malaysia , and even Biden invites him to the white house to honour him. Warren Buffet begss to makan lunch with Zafrul and Warren also sponsers #bankerjagaBanker hashtag although Warren dont faham bahasa.

so, #abolishintrest gains traction
and Nazeeb warns of #becarefulwhatyouwishfor

And so ends the story, they lived happily ever after.
( If anyone wants Part 2) pls request thru ur RM- relationship managers)

#BankerJagaBanker

the five points as explained by BNM Samsiah

KUALA LUMPUR – Waiving the accrued interest payment on all individual and business loans will have significant long-term consequences for banks, especially when the interest income accounts for 80% of banks’ revenues, Bank Negara Malaysia said.

Governor Datuk Nor Shamsiah Mohd Yunus said the total loans for individual and small and medium enterprises (SMEs) eligible for the automatic opt-in moratorium amount to about RM1.4 trillion – or 73% of the total bank system's loans.

She said there are serious implications if the banks are to waive accrued interests, given their critical role in the economy.

“First, banks will pull back on lending to conserve their buffers, especially with higher credit losses still expected to emerge.

“Secondly, banks’ owned credit ratings may be downgraded to reflect weaker future earnings capacity, and this will make it more expensive for banks to raise capital funding and the higher costs will be passed on to borrowers,” she told a press conference on the “Economic and Financial Developments in Malaysia in Q2 2021” report released today.

Thirdly, she said confidence in banks will be affected, which could trigger liquidity stress, and depositors may have concern for the safety of their deposits. This will also jeopardise depositors’ interests when bank earnings are adversely affected.

Fourthly, banks will not be able to pay dividends to their retail investors and institutional funds that hold public savings, such as the Employees Provident Fund, Retirement Fund (Incorporated), Permodalan Nasional Bhd, Armed Forces Fund Board, and Tabung Haji.

“This will result in lower returns to depositors and retirement savings. So when you take all these together, this would significantly hurt economic recovery and have longer-term implications for the economy and financial system.

“It is very critical that banks remain sound as this is what will enable them to provide the extensive repayment assistance that borrowers need at this time. To our knowledge, the repayment assistance offered by Malaysian banks has been the most extensive compared with any country in terms of scale and scope,” she said.

It is also to be noted that there are about 18.4 million individual depositors in the country, of which 15% are above the retirement age of 60, and many depend on the interest to partly sustain themselves.

The governor said the central bank is doing its part in getting through these difficult times.

Nor Shamsiah said monetary policy will remain accommodative given ascendancies, the future monetary policy stances will remain guided by new information, and the bank will take into account the overall outlook of inflations and domestic growth and implement appropriate policies.

On repayment assistance, she assured that the banks will continue to assist those who need it, and borrowers just need to choose the help they need.

Among the avenues available for them to manage their debt obligations is the Credit Counselling and Debt Management Agency, which can help borrowers, especially those with multiple bank loans, to further extend their loan moratoriums.

SMEs can obtain concessionary loans to enable them to pivot or enhance their business operations and improve their prospects.

At the beginning of the Covid-19 pandemic last year, a six-month blanket moratorium between April and September was announced benefitting both individuals and businesses affected by the pandemic.

Today, the central bank announced that the Malaysian economy grew by 16.1% in Q2 2021 year-on-year compared with -0.5% in the first quarter of the year, supported mainly by the improvement in domestic demand and continued robust exports performance.

This was against the -17.1% GDP growth recorded in the same period a year ago as it took the brunt of the lockdown measure as Covid-19 hit the country.

The central bank said the strong growth reflected the low base from the significant decline in activity during the second quarter of 2020. – Bernama, August 13, 2021

Just as i predicted: they cant touch banks cos orang kita wants dividend or Tabung Haji , EPF etc.

Waiving interest on RM1.4 trillion loans will have significant long-term consequences: BNM
Said income accounts for 80% of banks’ revenues, says governor Datuk Nor Shamsiah Mohd Yunus

Updated 1 hour ago · Published on 13 Aug 2021 4:30PM

remermber this rule: Cant buy forever, nor sell forever

stkoay : lol , last 2 digits off cos the mara grads forgot the rule... xxx mudah lupa, as they say!

shybutter : hope u are right

BNM has revised its full-year GDP between 3% and 4%, from 6% to 7.5% for 2021?

lol.. bye bye MBB PBB and the rest

Expect redder tomorrow

kovid 21k

epf and big boys are keeping the price low ( just as last drip was set at 7.55 ) when the kept the price of MBB at 8.00

26 Aug 2021 : expected qr date, as with PBB and 100% optiable DRIP for dividend of 0.22 sen

fight for power and position.. kipidap

Hoi!! Mara!! juah laa for epf.. tunggu what?

I think the funds knew this or expected this , so the sell down on PBB & MBB from 4.20/8.50... so hold or top up or sell, i think i will top up at 7.80 and next at 7.50 and later if it reaches 7.20.. another tranch and at 6.99, all in!!! lets hope fopr 6.99 as soon as possible and PBB at RM3.00 for ALL IN!!

thse morning sellers are the local smalerl fund managers

after the foreigh fund managers wake up, i expect a bigger drop cos of the new bank negara ruling effective aug 2022....

LOL...
Ahmad Naqib Idris

theedgemarkets.com

August 11, 2021 18:55 pm +08
BNM: Standardised Base Rate to be used as reference rate for retail floating-rate loans from August 2022
-A+A

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) today released the revised Reference Rate Framework that will take effect from Aug 1, 2022, under which the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans.

The framework, introduced in 2015, establishes the BR as the reference rate for retail floating-rate loans in Malaysia. Reference rates are publicly accessible interest rates that are used by financial institutions as a basis for pricing loans, according to BNM in a statement today.

else the lower the better, just add more

unless u are not an investor, when u try to buy low sell high just like property flippers.. then u will lose

drip will be even better at 7.20... good .. like that

can start q at 7.8.. dont regret if u dont get if u dont park early..

7.99 nice

Double whammy for foreign fund quitting Malaysia, cos of the steep price drop of MBB & PBB, and second, exchange rate is 4.12 as compared to their entry during 4.02...

low price is GOOD, why? to weed out the exiting foreign funds. Why let them cabut with more money? This is also a form of forced selling, good to pick up some at lower price. Another example is PBB..good to be below 4

cimb winner today

11 tradings days before qr release

Anyways,c-19 at 20,889

and olse they will move the quote by cancelling the 2ooo shares sell order, and requote with different amount, all these clisck get paid by how many strokes of the keyboard, so of course they will buy sell thousands of time, just to collect the bonus strokes

THis is the mara style, if foreighsellers, they will quote in 200k or mils sytaight away.. only our locals will play a game of few thousand per quote , as they get paid by holong long they stay in front of the PC to do sales, if they quote 1 mils and it is done in 3 mins, they have to go home, no ot.