Posted by Lee Kim Chong > 2020-05-06 09:45 | Report Abuse

Times ahead not good. Many sme have money problem. How to pay back the bank is big issue

Posted by Live4Tea > 2020-05-06 15:27 | Report Abuse

Still high the valuation. Bad debts will increase and coming QR worst.

Posted by Jeffreyteck > 2020-05-06 18:26 | Report Abuse

MoF: Banks have agreed to waive interest/profit charge for HP loans/fixed rate financing during moratorium period.... Congratulations for those not affected by covid yet with additional benefits. That is how we manage the country.

Posted by RedEagle > 2020-05-06 18:39 | Report Abuse

The Board of Directors of MBSB has recommended a Single-Tier Final Dividend of 3.0 sen net per Ordinary Share for the financial year ended 31 December 2019 ("Proposed Dividend").

Based on the total number of ordinary shares issued of 6,713,401,615 as at 31 December 2019, the Proposed Dividend payable would be approximately RM201.4 million.

The Board of Directors has determined that the option to reinvest via the Dividend Reinvestment Plan ("DRP") shall apply to the entire portion of the Proposed Dividend. The approval for the Proposed Dividend will be sought at the coming Annual General Meeting.

Under DRP, shareholders will have the following options in respect of the electable portion:-

(a) elect to exercise the option and thereby reinvest the entire electable portion (or a part thereof) at the issue price of the new MBSB shares ("DRP Price") and to receive cash for the remaining portion of the dividend (in the event that only part of the electable portion is reinvested); or

(b) elect not to exercise the option to reinvest and thereby receive their entire dividend entitlement wholly in cash.

There will be no brokerage fees and other related transaction costs payable by shareholders on the new MBSB shares allotted pursuant to the DRP.

The Books Closure date in respect of the Proposed Dividend will be announced after the Annual General Meeting.

This announcement is dated 6 May 2020.

Posted by investmalysia > 2020-05-06 21:01 | Report Abuse

CIMB platform down

Posted by Addy > 2020-05-07 12:38 | Report Abuse

in one year will increase NPL

Posted by stkoay > 2020-05-07 13:54 | Report Abuse

https://klse.i3investor.com/blogs/savemalaysia/2020-05-07-story-h1506939064-SRR_relaxation_can_boost_bank_earnings.jsp

Posted by Jeffreyteck > 2020-05-07 15:20 | Report Abuse

Economy reopen is a positive. Parliamentary session reopen? Good show as it is good time to see all the truth colors.

Posted by investmalysia > 2020-05-07 16:07 | Report Abuse

Fitch Solutions sees Bank Negara cutting OPR to 1%

Posted by investmalysia > 2020-05-07 16:07 | Report Abuse

More space to drop

Posted by getingreal > 2020-05-08 13:17 | Report Abuse

Banks Directors have decided to turn Banks into charities instead of looking after shareholders’ interests! I trust they are all given Dato's or Tan Sri's for their giving away their shareholders money by providing free money to Hire Purchase debtors. BWM and Mercedes Benz owners will be delighted at our Banks Directors generosity (stupidity). I can’t think who they think they represent or how they see this charitable act is in the best interests of the shareholders. If we were in the USA the Directors would undoubtably be sued.

Posted by Jason85 > 2020-05-08 15:04 | Report Abuse

This stock is undervalued, more cash will flow in the market and bring up the stock market as ROI is much better.

Posted by JBond007 > 2020-05-08 21:00 | Report Abuse

CIMB Niaga 1Q profit strengthens on higher non-interest income and lower operating expenses.
https://www.theedgemarkets.com/article/cimb-niaga-1q-profit-strengthens-higher-noninterest-income-and-lower-operating-expenses

Posted by leslieroycarter > 2020-05-08 21:01 | Report Abuse

Dead

Posted by mf > 2020-05-08 22:35 |

Post removed.Why?

Posted by volks2 > 2020-05-08 22:39 | Report Abuse

Tuesday definitely go up up up.

Posted by tkl88 > 2020-05-09 08:22 | Report Abuse

Wow, Awesome !
Dow Jones closed at = > 24,331.32 (+455.43) (+1.91 %)

Posted by stkoay > 2020-05-09 14:25 | Report Abuse

https://www.businessinsider.sg/stock-market-bottom-2021-could-boom-year-stocks-jeremy-siegel-2020-5

More money has been added to the system in the past eight weeks than was added in the entire year following the collapse of Lehman Brothers, according to Siegel.

Once confidence begins to recover, that liquidity will flow into spending and into the stock market.

“I do think that the March low is definitely going to be the low,” Siegel said, adding that the stock market can make news highs in the next year-and-a-half to two years.

Still, there is risk, according to Siegel.

“The only worse-case scenario is if there’s a huge second wave in October, we don’t have therapeutics, no vaccine is available … and there’s a total shut down again,” he said.

While Siegel said that investors can’t take that possibility off the table, he views it as a low-probability risk.

Posted by WarrenPuffet > 2020-05-10 15:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/05/09/how-things-went-wrong-for-banks#cxrecs_s
Terrible situation for banking line

Posted by WarrenPuffet > 2020-05-11 15:27 | Report Abuse

https://www.bbc.com/news/world-latin-america-52612335
Another big one downed... This impact is not little.

Posted by masterus > 2020-05-11 21:07 | Report Abuse

Official data showed that Singapore's Retail Sales dropped 13.3% on year in March (-16.8% expected, -8.4% in February), the biggest decline since 1998.
Singapore's Official Purchasing Managers Index (PMI) fell to 44.7 in April (40.0 expected) from 45.4 in March.

Meanwhile, the IHS Markit Singapore PMI plunged to 28.1 in April from 33.3 in March.

Posted by Jeffreyteck > 2020-05-12 19:29 | Report Abuse

Macro weak, political arena is exciting.
Nurses are national heroes and heroines ...... politicians, in particular those who jumped, they are national....??? Like it as that will possibily creates market volatility and opportunities.

Posted by JBond007 > 2020-05-12 19:35 | Report Abuse

Supermax share price is now higher than CIMB share price.
Unbelievable.......

Posted by investmalysia > 2020-05-12 19:54 | Report Abuse

Then it’s time to buy CIMB and dump supermax. Don’t chase high

Posted by investmalysia > 2020-05-12 20:13 | Report Abuse

Who knows suddenly there’s vaccine available. Then supermax will drop gao gao. We cannot predict when

Posted by IvanC > 2020-05-12 22:23 | Report Abuse

supermax still have 3 months trend, CIMB chart very scary. Good luck to you @investmalaysia

Posted by investmalysia > 2020-05-13 06:56 | Report Abuse

@ivanc, relax la. I got plenty of capital to hold plus the capital gain from topglove, supermax. Worry about yourself first.

Posted by stockraider > 2020-05-13 08:18 | Report Abuse

Undervalue mah...!!

Posted by tkl88 > 2020-05-13 16:36 | Report Abuse

Wow, today KLSE damn hot man !
Now KLSE at => 1,399.21 (+19.28) (+1.40%) !

Posted by tkl88 > 2020-05-13 16:36 | Report Abuse

Hari Raya bull run ? Especially today you can see all the glove stocks spike up crazily !

Huat ah ! Heng ah ! Ong ah !

Posted by Jason85 > 2020-05-13 19:41 | Report Abuse

CIMB is worth to buy compare to Glove stock which is Surge which confirm not lasting

Posted by BATFLY > 2020-05-13 20:36 | Report Abuse

Agreed. Cimb is the second largest Bank in Malaysia. Obviously Bank is lower risk than glove counter. High risk high retur... Cheers..

Posted by Luckyman95 > 2020-05-13 21:18 | Report Abuse

Can in now?

Posted by stkoay > 2020-05-13 21:24 | Report Abuse

https://www.theedgemarkets.com/article/banks-entering-hardship-period-position-strength-%E2%80%94-bnm

Posted by investmalysia > 2020-05-13 21:30 | Report Abuse

Luckyman95, at this price cannot in, you expect to go in at 2.50?

Posted by CUTLOST > 2020-05-13 23:48 | Report Abuse

Rm3.50 just buy n keep it.. Until reach abv Rm5

Posted by hairy > 2020-05-14 08:45 | Report Abuse

buy cheap bank

Posted by Teemo Tee > 2020-05-14 10:26 | Report Abuse

what price can buy in?for long term

Posted by VietnamCoffee126 > 2020-05-14 10:58 | Report Abuse

What price ah ?? Ofcourse the lowest the best
Haha but you dare to buy anot if really go so low

Posted by VietnamCoffee126 > 2020-05-14 11:46 | Report Abuse

Tp 2.50 ?? Maybe ??

Posted by IvanC > 2020-05-14 12:26 | Report Abuse

if your long term is 5 years above just buy in now. But most of the long term player will cut lost when price go lower in 6 months. Problem is so call long term player mostly are playing short term

Posted by investmalysia > 2020-05-14 13:33 | Report Abuse

Agree with Ivanc

Posted by Frederick Foo > 2020-05-14 13:55 | Report Abuse

yes, hold for a 10 years time from now

Posted by rizerlee > 2020-05-14 14:16 | Report Abuse

go and check world top class bank share price and you will get clue

Goldman Sachs, JP Morgan, Wells Fargo and Bank of America

Posted by rizerlee > 2020-05-14 14:19 | Report Abuse

impact of interest rate cut and H&P interest cancellation will only start reflect in Q2 report.

Bank paid interest for Fixed Deposit and loan those money for automotive buyer but now bank couldn't enjoy any interest income meanwhile FD interest payment remain continue.

Posted by aliyusof > 2020-05-14 15:36 | Report Abuse

250b stimulus package of government is a big bluff. Out of it, 100b are from accured interest lost and absorbed by all the banks. Only 25b money comes from government directly. Not fair to shareholders of banks

Posted by Jason85 > 2020-05-14 18:23 | Report Abuse

How can CIMB bank lose out to Glove factory?

Posted by mf > 2020-05-14 18:57 |

Post removed.Why?

Posted by masterus > 2020-05-14 22:57 | Report Abuse

So when Trump called for the Federal Reserve to to “accept the GIFT” of negative interest rates on Tuesday, a layman might have reasonably interpreted his proposal as the cockamamie fantasy of a certified crank. But the idea that America’s central bank should set benchmark interest rates below zero — which is to say, that it should start taxing the reserves of commercial banks instead of paying interest on them — is not peculiar to Trump. In fact, many respected economists believe that the U.S. should embrace the policy, which is already in effect in Europe and Japan. Further, as of earlier this week, Wall Street investors were betting that the Fed will bring interest rates below zero by mid-2021 in order to promote recovery from the coronavirus crisis.

Posted by stkoay > 2020-05-14 23:17 | Report Abuse

https://www.cnbc.com/2020/05/13/stock-market-futures-open-to-close-news.html

Dow claws back 458-point loss, turns positive as banks rally