Posted by pang72 > 1 month ago | Report Abuse

Very stable drop 6c...
Yes!

Posted by prudentinvestor > 1 month ago | Report Abuse

Market is irrational. When the US market broke record after record over the past three years, our stock market didn't follow. When it drops heavily, we immediately follow.

Posted by stkoay > 1 month ago | Report Abuse

Rhb is the most stable today.

This kind of drop is good for cash rich investor looking for returns...
...can get dividend stock at lower price for higher yield.

If it continues go up without correction, then yield will get lower to add new fund...

...investment for retirement is a long long process....where you top up with your new fund every now and then....

Posted by stkoay > 1 month ago | Report Abuse

Looking at the strength of the ringgit (due to fund flow)...I guess the risk/reward looks attractive at current price for major banks....the FF darlings

Posted by mf > 1 month ago | Report Abuse

cut

Posted by prudentinvestor > 1 month ago | Report Abuse

RHB Bank has hardly moved up when the KLCI surged from around 1400 to over 1600 points. CIMB Bank has gone up by about 50% while Maybank is up at least 20%. It shouldn't drop at all.

Posted by stkoay > 1 month ago | Report Abuse

That's why CIMB and MBB drop more today.

Recently, due to its' attractive dividend it attracted some retail purchase, may be these ppl are selling....look at Genting Bhd.....not moving yet today dropped so much....may bcos it attracted a lot of retail play

Posted by pang72 > 1 month ago | Report Abuse

Wow! Mbb, cimb drop 35c
Rhb drop 11c


Hahaha....

Now, hoping which bank drop less?

Hope la

Posted by stkoay > 1 month ago | Report Abuse

And during market turmoil, the little poor people will be the most happy and having party in investment forum....biasa la....poor people mah

Posted by stkoay > 1 month ago | Report Abuse

When the Rich gets less richer, the little poor will celebrate....

Posted by stkoay > 1 month ago | Report Abuse

Looking at the attractive price, I feel FOMO......Haha
...but I think will need some patience for the dust to settle first

Posted by prudentinvestor > 1 month ago | Report Abuse

What to cut mf? RHB Bank has practically not moved up over the past one year. PE is around 8.5 and dividend yield is over 7%. What do you expect from RHB Bank?

Posted by stkoay > 1 month ago | Report Abuse

Rich investor hold good stock for long term....
...only little poor ppl marble drop easily and cut on weakness

Posted by stkoay > 1 month ago | Report Abuse

Mark my words, market will be higher than now in the medium term....what is there to loose if you have strong hand....
....it's only the poor punter who is sacred and dropped his marbles....cos very limited fund mah, so cannot afford to loose and if hold then eat nasi lemak also no money ...haha.

Posted by calvintaneng > 1 month ago | Report Abuse

In an Aug 5 note, Tan downgraded DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank U11 0.1% (UOB) to “sell

https://www.theedgesingapore.com/capital/brokers-calls/citi-downgrades-dbs-ocbc-uob-sell-first-signs-us-contraction-emerge

PALM OIL ONLY SAFE

Posted by calvintaneng > 1 month ago | Report Abuse

They ask for a sell on Spore banks

Malaysian banks fare no better

Last safety is palm oil left

If want to put cash in bank

Please limit to Rm250,000 in a single name acc
Above rm250k not insured

Posted by prudentinvestor > 1 month ago | Report Abuse

"Malaysian banks fare no better
Last safety is palm oil left"
Tua Pao, just name me one plantation counter that has consistently maintained its dividend yield at over 6% for the past 10 over years.

Posted by GreenTrade > 1 month ago | Report Abuse

all time high soon!

Posted by stkoay > 1 month ago | Report Abuse

Wow...up 1%
....lai liao....

Posted by stkoay > 1 month ago | Report Abuse

Wow...closed at high

Posted by prudentinvestor > 1 month ago | Report Abuse

No breakthrough after almost 20 trading sessions struggling at around RM5.70. Don't know what it lacks.

Posted by stkoay > 1 month ago | Report Abuse

When comes to investing in banks, fund got many choices.
Current performance of various banks seem to indicate that fund prefer "growth".
For the latest 5 quarters, CIMB had posted solid growth versus its previous quarters.
And may be liquidity is also important to institution funds, CIMB is more liquid.

Posted by stkoay > 1 month ago | Report Abuse

By merely looking at price, ppl say CIMB is expensive.....but it's trading only at 10+ PE, how expensive??

Posted by stkoay > 1 month ago | Report Abuse

Aug 9): This week’s upheaval in global equities is prompting investors in Asian stocks to turn their attention to markets where their ownership has been falling in recent years, with China and Malaysia fitting the bill.

While the S&P 500 Index has declined 2.8% since last Friday’s poor US jobs data triggered the sell-off, Malaysia’s and China’s benchmarks have both lost less than half of that. Societe Generale SA, Invesco Hong Kong Ltd and UBS Group AG are among those touting China’s attractiveness while Goldman Sachs Group Inc this week upgraded Malaysian shares, citing the market’s defensive nature when it comes to external shocks.

Posted by prudentinvestor > 1 month ago | Report Abuse

Compare to other component counters of the KLCI like Tenaga, IHH, Airport, Press Metal, KLK, IOI Corp etc, CIMB is still very cheap but RHB Bank is selling at fire sale price. Its nta is RM7.40 a share, PE is 8.5 and dividend yield is over 7%. Just no logic.

Posted by stkoay > 1 month ago | Report Abuse

If I remember correctly, the price before last ex dividend was 5.72.
Now, another dividend coming but it has yet to recover the previous ex dividend amount.

Posted by prudentinvestor > 1 month ago | Report Abuse

You are correct stkoay. Maybank only took less than 1 week to recover to its price just before ex dividend. Almost 4 months have elapsed and RHB Bank is still struggling at RM5.65.

Posted by stkoay > 1 month ago | Report Abuse

Wonder why the selling can spread over such long time in a bullish market for most banks. (except PBB)

Posted by stkoay > 1 month ago | Report Abuse

....but at least it performed much better than PBB
....RHB YTD is still up
...while PBB YTD is down....

Posted by prudentinvestor > 1 month ago | Report Abuse

Even at RM6.60 a share, its PE is still only 10, considered very low by any standard. If dividend is maintained at 40 sen a share, its dividend yield is still a high 6%. You have to blame its largest shareholder for not lending it support.

Posted by yesAH > 1 month ago | Report Abuse

. . . merger ?!

Posted by speakup > 1 month ago | Report Abuse

Yes merger with mbsb. Common big shareholder in epf

Posted by prudentinvestor > 1 month ago | Report Abuse

EPF's holdings in RHB Bank is way too high. It should bring in a substantial shareholder. I am sure a lot of institutions (including foreign ones if the government allows) are willing to pay RM7 a share.

Posted by stkoay > 1 month ago | Report Abuse

"Banks are poised to post high market-related income in 2024 on continued volatility in the FX market and as global interest rates start to decline," it added.

https://www.nst.com.my/business/corporate/2024/08/1090797/operating-environment-banks-favourable-over-next-18-months-fitch

Posted by GreenTrade > 1 month ago | Report Abuse

moving soon!

Posted by prudentinvestor > 1 month ago | Report Abuse

Hopefully. Just over a year ago, RHB Bank and CIMB Bank were trading at about the same price but today CIMB Bank is RM1.90 higher. RHB Bank investors can only look at CIMB Bank investors with envy.

Posted by stkoay > 1 month ago | Report Abuse

No need to envy CIMB investors, you can own both.
...spread it out.

I have both....
....and the ratio is...
RHB/CIMB ......1/100 :p

Posted by stkoay > 1 month ago | Report Abuse

Keeping some RHB (bought during covid) as souvenir, so i can continue to monitor :)

Posted by stkoay > 1 month ago | Report Abuse

MBB was my top holding.
Now, CIMB is top while MBB dropped to a low second.
RHB as souvenir.
ZERO PBB.

Posted by stkoay > 1 month ago | Report Abuse

While @prudentinvestor has been saying it's not advisable to convert RHB to CIMB..
....but I converted alot of my MBB to CIMB...
...and at yesterday's price, it was a very "profitable" decision :)

Posted by prudentinvestor > 1 month ago | Report Abuse

Won't be buying CIMB Bank now. Its EPS is only slightly higher than RHB Banks and dividend yield is lower but its share price is 35% higher. It won't go up non stop.

Posted by prudentinvestor > 1 month ago | Report Abuse

Only marginally up this morning. Other laggard banks like AmBank have performed much, much better lately. A PE of 9 would propel it to above RM5.90 a share.

Posted by Diamond7 > 1 month ago | Report Abuse

Start moving up...
But public bank n Maybank seems to be moving faster...

Hopefully big dividend announced this coming quarter

Posted by Diamond7 > 1 month ago | Report Abuse

Ambank is very strong today!
Why RHB moving like tortoise only....
Haizzx!

Posted by Bursino > 1 month ago | Report Abuse

Powerful cummings. Earth shaking pleasures. Diam diam AmBank. 😁

Posted by alyson97 > 1 month ago | Report Abuse

RHB C53 warrant is still undervalued although it increased by 50% today..... if RHB stock price is 5.87, then the warrant intrinsic value is 0.09 :)

Posted by prudentinvestor > 1 month ago | Report Abuse

Maybank's PE is above 12, RHB's PE is still under 9.

Posted by stkoay > 1 month ago | Report Abuse

MBB/CIMB/PBB are large cap.
RHB/AMMB are mid cap.
...not same

Posted by Diamond7 > 1 month ago | Report Abuse

Interim dividend
Hopefully more than 15 cents this coming quarter

Posted by prudentinvestor > 1 month ago | Report Abuse

RHB Bank is now trading at about the same PE as Ambank but its dividend yield is much higher.