Even someone in kindergarten knows that these two banks will benefit the most if BN wins the next election. 100% BN takes the next election. Congrats to all Malaysian investors. Malaysia is poised from another 10 year bull run. Najib Razak (2008 - 2018) Malaysia stock market kept going up every year
After 3 years pandemic already end, next year onwards surely is the years of recovery and economy start booming time ! Like previously economy downturn period of: 1)Crisis 1986-1990 start booming 1993 to 1997 2)Crisis 1997-2000 start booming 2003 to 2006 3)Crisis 2006-2010 start booming 2013 to 2016 4)Crisis 2016-2022 start booming 2023 to 2027
So, our economy and KLSE will be spike up like mad start from year 2023 which is next year and i predict our KLSE this round of bull run start 2023 will hit it’s record high of around 2,000 points !
KUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points (bps) to 2.5%, in line with market expectations. In a statement, it said it raised the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively.
This is the central bank's third consecutive rate hike, bringing the total increase in the OPR to 75bps so far this year. "At the current OPR level, the stance of monetary policy continues to remain accommodative and supportive of economic growth.
"The MPC is not on any pre-set course and will continue to assess evolving conditions and their implications on the overall outlook to domestic inflation and growth," said Bank Negara…..
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are expected to climb more - and remain high, the bank said. The move comes despite mounting concern that the cost of controlling inflation could be a harsh economic downturn…
AMMB Holdings Bhd (AmBank) remains upbeat on delivering a strong financial performance in FY23 as it benefits from the uptrend in the overnight policy rate, lower provisions and improving asset quality.
Amid the recovery, the group said it remains focused on the execution of Focus 8 to deliver more integrated value propositions and create sustainable long-term value for all its stakeholders.
"The group’s key focus areas in FY23 include accelerating its digital transformation, forming more strategic partnerships as well as embedding environmental, social and governance (ESG) considerations into all its strategies, businesses and operations," it said in a filing with Bursa Malaysia.
In the second financial quarter ended Sept 30, 2022, the group posted a net profit of RM435.4mil, which was 35.62% higher from the same quarter in 2021.
Excluding transitional arrangement, the FHC CET1 ratio was 12.17% while the total capital ratio was 15.63%.
In a separate statement, group CEO Datuk Sulaiman Mohd Tahir said it is encouraging to see strong economic activities accompanied with the influx of foreign investments and strong domestic and foreign demand in the Malaysian econnomy.
"We foresee these factors supporting the growth momentum of our economy well into 2023," he said.
"With the declaration of an interim dividend of six sen per share, we are well on track to revert to our historical payout pattern.
"Moving forward, we will continue with our efforts to strengthen the group's position and play our part in the recover of our nation's economy," he added.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....