Posted by stkoay > 2 months ago | Report Abuse

Welcome to the Club

Posted by stkoay > 2 months ago | Report Abuse

I am also in the process of balancing MBB & CIMB :p

Posted by Mabel > 2 months ago | Report Abuse

https://www.theedgesingapore.com/capital/results/dbs-hits-milestone-100-billion-cap-record-1qfy2024-fed-stance

DBS Group Holdings has hit the milestone market cap of $100 billion after its share price gained this morning following yet another record net profit of $2.96 billion for the 1QFY2024 ended March 31, 15% higher y-o-y and 24% higher q-o-q.

The 1QFY2024 net profit is also well above a Bloomberg poll of $2.465 billion for the first quarter. While the year is still young, DBS may well meet and possibly beat FY2023's record-breaking $10 billion.

As at 9.16am, DBS shares changed hands at $35.92, up 3.01%, valuing the company at $102 billion.

Posted by yielder > 2 months ago | Report Abuse

is DBS safe to invest? most of the reits listed there is not performing. they may drag the banks down

Posted by Mabel > 2 months ago | Report Abuse

yielder is DBS safe to invest? most of the reits listed there is not performing. they may drag the banks down
05/05/2024 2:21 PM

Why not?

DBS Group Holdings Ltd (SGX: D05) showcases robust Q1 FY2024 performance, with a 15% YoY surge in net profit, hinting at surpassing FY2023's S$10 billion profit milestone.

Posted by Mabel > 2 months ago | Report Abuse

An interim dividend of 54 cents has been declared.

Posted by vinvin > 2 months ago | Report Abuse

Why Singapore share? Too expensive with the exchange rate!

Posted by yielder > 2 months ago | Report Abuse

the issue is most of the government linked companies are not doing well, and these banks are highly exposed to Reit. if any serious downturn, there may be large defaults

Posted by speakup > 2 months ago | Report Abuse

Who cares about fundamentals in a Bull market?

Posted by Pinky > 2 months ago | Report Abuse

REITs borrow money from banks and sometimes by going direct to capital markets

High finance costs eat into their NPI, but they are still making money i.e. profitable

No problem to banks, unless you start seeing REITs getting worryingly low occupancy rates and tenancy retention. Not seeing that yet.

Posted by enning22 > 2 months ago | Report Abuse

for all market trends ,whether bullish or bearish ,they are determined by underlying fundamentals, and intrinsic values.

Posted by speakup > 2 months ago | Report Abuse

U never heard of the saying "A rising tide raises all boats"?

Posted by enning22 > 2 months ago | Report Abuse

a tsunami can sink all all boats, especially those with weak fundamentals

Posted by troy88 > 2 months ago | Report Abuse

Congrats to holders. RM7+ coming!

Posted by Pinky > 2 months ago | Report Abuse

if CIMB is "weak fundamental", many can go into longkang d hahahahaha

Posted by speakup > 2 months ago | Report Abuse

Nobody say cimb poor fundamentals. Read the thread properly

Posted by stkoay > 2 months ago | Report Abuse

Getting volatile leh, till don't know what price to Q.... :p

Posted by speakup > 2 months ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/05/07/stop-dealing-with-israel-friendly-firms-bds-msia-urges-govt/

Posted by enning22 > 2 months ago | Report Abuse

price consolidates, and will test new high.

Posted by Mabel > 2 months ago | Report Abuse

The Real Trick To Investing Is — Patience.
You need patience to see the stock go to the bottom.
And you need patience to see the stock go to the top.
And you also need patience to see the stock to skyrocket.
And then you also need patience to see your compound dividends coming in every single month or quarterly.

Charlie Munger once said, “The big money doesn’t come from the trading every single day, but from patience of wait-and-do-nothing.”

So, if you want to make big money with patience…

Warren Meow

Posted by speakup > 2 months ago | Report Abuse

https://focusmalaysia.my/engage-launches-freedom-fund-2-0-to-crowdfund-for-clare-rewcastle-brown-gerakbudaya-and-vinlee-press/
pls donate

Posted by stkoay > 2 months ago | Report Abuse

We maintain our view that the FBMKLCI is in a new major bull cycle that started in March 2020, after witnessing a downcycle from July 2014 to March 2020. Like previous upcycle that started from October 2008 low of 801.27 and ended higher at 1896.23 in July 2014, we believe the FBMKLCI is in midway of another major upcycle that will propel the benchmark index to a new high (historical high is 1,896.23 and it is possible to rise beyond 2,000 points) before the next general election in 2027. Major catalysts will be the structural reforms that will improve the nation’s financial standing, the huge inflow of foreign direct investments in growth sectors, resilient domestic spending aided by job security and policy measures, and strong corporate earnings growth. These factors should attract greater foreign participation as the US rate cut possibilities rise as the current foreign shareholding of 19.6% is low compared to an average 23.2% between 2014 and 2019 before volatile domestic political conditions eroded investor confidence.

Source: TA Research - 13 May 2024

Posted by Pinky > 2 months ago | Report Abuse

Ban yongmin from i3investor better

Posted by stkoay > 1 month ago | Report Abuse

This one....save the best for last :)
....QR will probably on the last day evening.

Posted by stkoay > 1 month ago | Report Abuse

1Q24.....another 3 more days wait :)

Posted by stkoay > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/713691

CIMB Investment Bank and BofA Securities are the joint bookrunners for the block of shares being put up via ANZ Fund.

Posted by stkoay > 1 month ago | Report Abuse

By Marcus Wong / Bloomberg
31 May 2024, 12:19 pm
main news image
Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves.

(May 31): The ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction.

The currency — which has climbed nearly 1% since the end of February — is expected to rise to 4.65 per dollar by year-end from 4.7050 now, according to strategists surveyed by Bloomberg. Rising foreign inflows and income repatriation by state firms are fuelling the optimism.

Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves. Local stocks are set to receive their first monthly inflow since February while overseas investors snapped up US$233 million (RM1.1 billion) of the nation’s bonds in April.

The ringgit’s performance is due to “foreign inflows into domestic equity and bond markets, improved growth prospects and a widening of the current-account surplus”, said Christopher Wong, a strategist at Oversea-Chinese Banking Corp in Singapore.

Posted by stkoay > 1 month ago | Report Abuse

59m shares changed at pre close at 6.84

....so BIG volume :p

Posted by smartly > 1 month ago | Report Abuse

beautiful q result. RM7 coming...

Posted by stkoay > 1 month ago | Report Abuse

Profit 1.9b
EPS 18.16 sen

Posted by stkoay > 1 month ago | Report Abuse

Top 3 Banks 1Q Results

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

Posted by Thirai Thiraviam > 1 month ago | Report Abuse

Given the latest results, the TTM EPS rises to 68.2 cents. Should we assume its historic PER of 12.3 holds, the new target price would be RM8.38, a price that the stock last hit 11 years ago!

Posted by jluck > 1 month ago | Report Abuse

If cimb can keep up with such performances in their next few quarters rm 8 to 10 is highly possible. Compare to some other banks their dividend still consider low. Hope they will pay more dividends.

Posted by enning22 > 1 month ago | Report Abuse

relax ,definitely will come to these targets.

Posted by Mabel > 1 month ago | Report Abuse

CIMB Group Holdings Bhd reported an 18% increase in net profit for the first quarter compared to the same period last year, driven by faster growth in both interest and non-interest income compared to costs and provisions. The bank recorded a net profit of RM1.94 billion for the three months ending March 31, 2024, up from RM1.64 billion in the same period in 2023. Net interest income experienced a 7.7% YoY growth, reaching RM3.79 billion, while non-interest income surged by 24.5% to RM1.84 billion. CIMB Group did not declare any dividends for the quarter.

Posted by MalaysiaEquityGuide > 1 month ago | Report Abuse

https://youtu.be/Tx3xLTmxU1s

banking sector small comparison i did, please see the youtube video on this, I will do more so please subscribe

Posted by troy88 > 1 month ago | Report Abuse

Great QR once again. CIMB is probably the best performing bank currently..

Posted by yewnamhung > 1 month ago | Report Abuse

Can break RM7.00 today ???

Posted by Mabel > 1 month ago | Report Abuse

Broken oledi... Hihihi..

To Our Success

Meow Meow Meow

Posted by masterus > 1 month ago | Report Abuse

Report: US imposes sanctions on Malaysian semiconductor company [WATCH]
By New Straits Times
June 4, 2024 @ 12:02am

Posted by masterus > 1 month ago | Report Abuse

In future, if they go mad, they pull off the Swift connection. Beware.

Posted by masterus > 1 month ago | Report Abuse

Is their currency, your problem, almighty dollar every begging.

Posted by Mabel > 1 month ago | Report Abuse

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

EPS: RM0.18 (up from RM0.15 in 1Q 2023).
Revenue: RM5.22b (up 12% from 1Q 2023).
Net income: RM1.94b (up 18% from 1Q 2023).
Profit margin: 37% (up from 35% in 1Q 2023). The increase in margin was driven by higher revenue.

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.

Posted by stkoay > 1 month ago | Report Abuse

The boat comes back for those who dare to get on board :)

Posted by masterus > 1 month ago | Report Abuse

China Solar Firms Halt Output in Southeast Asia on US Curbs
Longi, Trina Solar are winding down production: Chinese media
Washington has stepped up actions to protect domestic market

Posted by masterus > 1 month ago | Report Abuse

As long as dollar and military supremacy have power, anyone will be a scapegoat. Next scapegoat is who?

Posted by pang72 > 1 month ago | Report Abuse

Of course dares to enter la

Posted by enning22 > 1 month ago | Report Abuse

countries have the right for protectionism, simple economic, why links military and scapegoat etc,etc . such a brainwashed kaki.

Posted by stkoay > 1 month ago | Report Abuse

@pang72....not happy there, happy here....haha
....added again yesterday...
....cheers

Posted by stkoay > 1 month ago | Report Abuse

https://www.cnbc.com/video/2024/06/06/malaysian-stocks-have-outpaced-the-asean-region-sgx.html