Posted by Neptune99 > 2022-02-09 16:05 | Report Abuse

good to see bank stocks up and green today, keep it up, keep it long term is best option

Posted by Denmark > 2022-02-09 19:06 | Report Abuse

Yes

Posted by stkoay > 2022-02-10 15:00 | Report Abuse

@TreeTopView....haha there's one super sick in Genting forum who declared that he has sold all his banking stocks...hoping to create some negative sentiment on banks just because he doesn't own MBB....haha...really laugh die me, this super sick.

Posted by stkoay > 2022-02-10 15:01 | Report Abuse

RHB Bank rose and tested the RM5.65 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM5.89, followed by RM5.97. The downside support is marked at RM5.41. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.65

Target: RM5.89, RM5.97 (time frame: 2-4 weeks)

Exit: RM5.41


Source: AmInvest Research - 10 Feb 2022

Posted by Mini2021 > 2022-02-10 15:04 | Report Abuse

As Death cases increase due to Covid...........bank in big trouble now as they need lelong the house....

Posted by TreeTopView > 2022-02-10 15:12 | Report Abuse

stkoay, those price points that you posted from Aminvest are fairly similar to my calculations a couple of weeks ago that I posted here.

A target from here would head to 5.85, and if that breaks then a move to attempt the 5.97 price point.

Perhaps we might need the KLCI to bteak 1,570 for a more serious breakout. Not sure this is the ideal timing for that though but I expect it later.

Posted by stkoay > 2022-02-10 15:17 | Report Abuse

@TreeTopView...this is just short term trade....at current price, this is still a good long term hold.

Banking stocks should be good investment for this year and next.

Happy investing :)

Posted by TreeTopView > 2022-02-10 15:27 | Report Abuse

Yep,understand stkoay, this is not a trade for me.

I bought in the last quarter of 2021 and am looking for at leat a 12 month hold with expectations of around 20% capital gain and a 5%+ dividend.

Posted by CakapSohaiThings > 2022-02-10 22:02 | Report Abuse

US 10y treasury yield just hit 2%!

Posted by masterus > 2022-02-11 07:24 |

Post removed.Why?

Posted by stkoay > 2022-02-11 13:03 | Report Abuse

Yesterday foreign fund net bought 228m....taking 2 days total to more than half a BILLION.....

Posted by TreeTopView > 2022-02-14 09:28 | Report Abuse

It's touched the 5.85 Fib point on light volume in the first half hour of trading. An ideal scenario would be to break above that point then use it as a new support.

I've no idea if that will play out, probably depend a lot on the movement of the KLCI for the rest of the day.

Posted by CakapSohaiThings > 2022-02-15 21:53 | Report Abuse

https://www.nst.com.my/business/2022/02/771214/malaysian-banks-brace-dividends-payment-rebound-maybank-public-bank-top

Lai lai div

Posted by Havefun > 2022-02-25 09:20 | Report Abuse

When result out?

Posted by prudentinvestor > 2022-02-27 21:51 | Report Abuse

Judging by the performance of other banks, I am quite confident that RHB Bank is also able to turn in similar or even more impressive results than previous quarters. Even at RM 6 a share, RHB bank is still unreasonably low for a bank counter.

Posted by TreeTopView > 2022-02-28 08:58 | Report Abuse

Fib Target 1: 5.85
Fib Target 2: 5.97

Looking for a solid quarterly of at least 16 cents EPS, if that comes to fruition then I expect those targets to be hit.

Let's hope so!

Posted by Brutus > 2022-02-28 13:31 | Report Abuse

Good solid QR. Thank you RHB for the generous dividend! Full year payout is close to 62% of their earnings. Looking forward to their upcoming DRP to add more position.

Posted by TreeTopView > 2022-02-28 13:51 | Report Abuse

A very solid quarterly.

Annualised EPS of 64.69 cents.
A 25 cents dividend for the quarter, giving an annualised dividend of 40 cents.

Let's see what Mr. Market thinks of this.

Posted by Choongling > 2022-02-28 14:33 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3509055

Posted by stkoay > 2022-02-28 14:53 | Report Abuse

@TTV...yes, very good results....Very good dividend !

Posted by prudentinvestor > 2022-02-28 15:16 | Report Abuse

For those who want to invest in RHB bank better do it fast. You may not be able to get RHB bank shares at below RM6 very soon.

Posted by TreeTopView > 2022-02-28 15:23 | Report Abuse

stkoay....the size of the dividend surprised me. I was thinking more in line with 15 cents. I was very pleasantly surprised :)

Posted by stkoay > 2022-02-28 15:24 | Report Abuse

The cheapest banks...PE 9 times...

...but the share price is the most under perform in my banks portfolio.

Posted by stkoay > 2022-02-28 15:25 | Report Abuse

@TTV...yes the quantum of dividend is a big pleasant surprise.

Posted by TreeTopView > 2022-02-28 16:53 | Report Abuse

Around 4.8 million bought in the closing auction and took her to 5.90. Can;t argue with that :)

Posted by CakapSohaiThings > 2022-02-28 19:29 | Report Abuse

@stkoay not the cheapest bank though. Ambank is the most attractive buy among the mid-sized banks.

https://www.theedgemarkets.com/article/analysts-advise-investors-accum...
CGS-CIMB analyst Winson Ng said in a note that he retained his "add" rating on AMMB given its attractive valuation of 7.2 times 2022 forecast price to earnings (P/E), which is the lowest in the sector and significantly lower than the sector’s 12.6 times.

Posted by CakapSohaiThings > 2022-02-28 19:32 | Report Abuse

Though not the cheapest, it is still a great buy. Good dividend within expectations :D

Lai lai div
15/02/2022 9:53 PM

Posted by Choongling > 2022-03-01 18:20 | Report Abuse

For retired like me, constant dividend is very important for living expenses.

Posted by stkoay > 2022-03-01 18:31 | Report Abuse

Bcos it's a mid size bank, it attracts less fund interest.
Look at today's trading among banks after all have reported, Maybank seems to attracts very good buying interest.

Posted by masterus > 2022-03-06 06:38 | Report Abuse

https://m.youtube.com/watch?v=2i41MDKJBM4

Posted by prudentinvestor > 2022-03-06 12:29 | Report Abuse

Fixed deposit rates are so pathetically low that you need RM20,000 just to earn an annual interest of RM400. With RHB bank, you only need less than RM6,000 to earn you RM400. With a dividend yield of 6.84%, this is even higher than the 6.10% that the EPF declared for 2021.

Posted by CakapSohaiThings > 2022-03-10 10:02 | Report Abuse

Interest rate hike soon, stay tuned

Posted by AhKeat2018 > 2022-03-11 20:07 | Report Abuse

EPF have been collecting RHB & AMMB… something fishy..

Posted by hengsame > 2022-03-13 16:57 | Report Abuse

RHB may get the digital banking license within this month to be announced by Bank Negera. Upon rewarded, RHB share will fly.......

Posted by Stockhunter88 > 2022-03-13 17:27 | Report Abuse

Why would bank want to go for digital banking license when they already have full fledge banking license?

Posted by hengsame > 2022-03-13 19:19 | Report Abuse

https://www.theedgemarkets.com/article/bank-negara-targets-name-digital-banks-next-month

Posted by Choongling > 2022-03-15 16:36 | Report Abuse

When dividend ex and payment for 25 cents dividend ?

Posted by Brutus > 2022-03-15 17:15 | Report Abuse

@Choongling, RHB will announce in due course for the Dividend details along with the DRP details. Just need to know the DRP share price when they announce it as it will be based on discounted 5D-VWAP. This time around the price should be RM 5.xx as last I subscribed was only RM 4.69 and RM 4.61 respectively.

Posted by Choongling > 2022-03-15 20:34 | Report Abuse

Is digital banking about crypto currency or mobile payment ?

Posted by Choongling > 2022-03-15 20:34 | Report Abuse

TQ

Posted by TreeTopView > 2022-03-16 08:49 | Report Abuse

Choongling , it has nothing to do with crypto currency.

The easiest way to explain it is by comparing with online banking. With online accounts you are limited to the features you can access. Digital banking encompasses everything you can do at a bank's branch, through an online account.

Posted by TreeTopView > 2022-03-16 08:52 | Report Abuse

I've done a quick Google search to give you a better idea of the DB system. See below.

https://sdk.finance/what-is-digital-banking/

Posted by TreeTopView > 2022-03-16 15:42 | Report Abuse

It keeps banging its head against the 5.85 Fib. point for the past 4 days. Something has to eventually give, to either the upside or downside.

Posted by CakapSohaiThings > 2022-03-16 22:22 | Report Abuse

Interest rate hike soon, stay tuned
10/03/2022 10:02 AM

Fly tomorrow?

Posted by TreeTopView > 2022-03-17 08:42 | Report Abuse

I don't know if it will "fly" in the near term, but I'd like to see it break the 5.85 price point. Next technical point after 5.85 is 5.97.

Not too sure how and when it will break the Rm6 level but I still retain my 6.50 target for sometime this year.

Posted by prudentinvestor > 2022-03-17 12:37 | Report Abuse

Maybank, Public Bank, CIMB Bank and Hong Leong Bank have all announced final/interim dividend payments. RHB Bank hasn't done so. I suppose when the final dividend is finally announced, its share price will receive a great boost. RHB needs a booster dose to propel its share price well beyond RM6 a share.

Posted by TreeTopView > 2022-03-17 12:44 | Report Abuse

yes, prudentinvestor. The amount has been announced but no timeline dates yet.

Whether that announcement either comes before or after RHB breaks Rm6 is yet to be seen. My gut feeling is it will break above Rm6 in the not too distant future, as banks are currently buoyant in this jittery overall market. Follow up that Rm6 break with the dividend timelines, then life's good :)

Posted by prudentinvestor > 2022-03-17 15:03 | Report Abuse

Those who have investments in bank stocks are now laughing to the banks. It is not too late to jump in if you are a long term investor.

Posted by TreeTopView > 2022-03-17 17:03 | Report Abuse

A short and sweet visit to RHB Rm6 Land this afternoon. A much nicer place than Rm5 Land..........scenes of gorgeous ladies lounging by the pool sipping Pina Colada's, lobster and king prawns being lightly char grilled on the barbecue, everyone smiling and laughing.......

I hope to revisit it very soon, on a very permanent basis :)

Posted by troy88 > 2022-03-23 09:33 | Report Abuse

Welcome back RM6+. Earlier cheap sales was the chance to accumulate