Posted by Cslee1215 > 2022-07-05 14:07 | Report Abuse

Ky, how is africa and iraq bank price now?

Posted by kyliew > 2022-07-05 14:30 | Report Abuse

https://www.cnbc.com/2022/07/01/atlanta-fed-gdp-tracker-shows-the-us-economy-is-likely-in-a-recession.html

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
PUBLISHED FRI, JUL 1 20229:58 AM EDTUPDATED FRI, JUL 1 20221:55 PM EDT

Posted by prudentinvestor > 2022-07-05 14:47 | Report Abuse

"Maybank is the biggest lender among the involved banks for Sapura Energy loan.... (fact)"
Sapura Energy's total borrowings amount to about RM10 billion and Maybank has an exposure of 2.6% or RM260 million. Small amount compared to Maybank's total profit.

Posted by OnTime > 2022-07-05 14:52 | Report Abuse

let recession comes, the sooner the better, then we can have a decade of growth infront of us. the economic cycle is always like that

Posted by prudentinvestor > 2022-07-05 15:06 | Report Abuse

"Citi Group
Share price dropped to now at $46.87...same level with April - May 2020 price"
kyliew, Citibank's profit dropped by over 44% Y/Y, Maybank's profit remains fairly stable. If Maybank's profit also dropped by 44% Y/Y, then we can expect a sharp fall in Maybank's share price.

Posted by kyliew > 2022-07-05 15:07 | Report Abuse

let recession comes, the sooner the better, then we can have a decade of growth infront of us. the economic cycle is always like that
==================================
True but it depends on which market you invest...have to becareful on your investing money. Some stock market or specifically in some countries, the ppl who run the economy just for fun...everyday wear branded shirt, the staff are fighting for the deputy big post, price increase they ask u to reduce usage....funny right...it's like gambling ur money in such market.

Posted by kyliew > 2022-07-05 15:20 | Report Abuse

"Citi Group
Share price dropped to now at $46.87...same level with April - May 2020 price"
kyliew, Citibank's profit dropped by over 44% Y/Y, Maybank's profit remains fairly stable. If Maybank's profit also dropped by 44% Y/Y, then we can expect a sharp fall in Maybank's share price.
======================================
US Fed is collecting back those printed money or to reduce the circle of money in the market by 4-5 trillion US dollar after they printed the same amount in 2020....at least their Fed is working on the inflation.... hopefully this dropping will stop in 2023/24 by then we all can march for the next economy booming cycle....

Posted by RWG > 2022-07-05 15:23 | Report Abuse

recession , maybank will down to 2.00

Posted by kyliew > 2022-07-05 15:26 | Report Abuse

recession , maybank will down to 2.00
===========================
last Covid-19 crash, if u look back the all local bank stock prices. Not much drop....at most 30% but rebound very fast.....except CIMB hammered until RM2.95. Not much meat to eat after the rebound.

Posted by prudentinvestor > 2022-07-05 15:35 | Report Abuse

"recession , maybank will down to 2.00"
It will drop to 20 sen and will be delisted. Its assets will be taken over by RWG Bank.

Posted by prudentinvestor > 2022-07-05 15:49 | Report Abuse

"World recession start on 3 mths time. Move over or big disaster."
Maverick, the World Bank has projected global economic expansion to drop to 2.9% this year from 5.9% in 2021 and growth is expected to hover around that level through 2023 to 2024. Growth in advanced economies is projected to slow to 2.6% in 2022, moderating to 2.2% in 2023. Don't drive World Bank economists out of job.

Posted by kyliew > 2022-07-05 15:54 | Report Abuse

US Q2 GDP data will be out this month. Let's see if we are on 2nd consecutive negative growth or called as "technical recession"

Posted by Cslee1215 > 2022-07-05 17:26 | Report Abuse

Kyliew, kygel not selling good in last mco. Thats why u keep think recession.

RWG- mbb alredy sdn bhd no longer bhd, it is under 1 of ur subsidiaries.

If you stil think recession in 3 mnth time, then it wont be happen becoz u stil have money to want to top up. So in order make it happen u need to spend all u money if can get loan from mbb. Then u declare bankruptcy- pls apply this asap and tell ur group member, partner, family and friends. Let it happen :)

Posted by Maverickeking > 2022-07-06 07:54 | Report Abuse

Those who think no recession be prepared to cry when the crash occurs

Posted by Cslee1215 > 2022-07-06 08:55 | Report Abuse

Maverickeking, u only read articles published on media and past histories to judge future economic situation that what common ppl like u will do.

Please contribute ur effort to quicken the recession by what i had suggested above.

Posted by prudentinvestor > 2022-07-06 10:52 | Report Abuse

"Those who think no recession be prepared to cry when the crash occurs"
What kind of crash are you talking about? KLCI dropping to 300 points and Maybank plunging to RM2?

Posted by looiting > 2022-07-06 12:12 | Report Abuse

No amount of fact can slap them into reality. Retailers continue to hold the bag. Good boy.

Posted by DickyMe2 > 2022-07-06 16:02 |

Post removed.Why?

Posted by prudentinvestor > 2022-07-06 16:08 | Report Abuse

Buy now and keep for 5 years. I am sure you can get a return of at least 10-15% annually, including dividends.

Posted by Cslee1215 > 2022-07-06 18:42 | Report Abuse

Got it prudeninvestor! Going to top up soon.

Posted by AqsadMohamad > 2022-07-06 20:41 | Report Abuse

Yup. BN naik 0.25% kadar OPR. Ia memanfaatkan sektor bank for short-term...

Posted by prudentinvestor > 2022-07-06 23:15 | Report Abuse

Market sentiment is very bad but bank stocks are holding up well. Top up slowly, no hurry.

Posted by DickyMe2 > 2022-07-07 18:31 |

Post removed.Why?

Posted by LeonardLiong > 2022-07-07 19:48 | Report Abuse

I think OPR hike will benefit bank sectors for short run...But in long run, it doesn't seeing that the current economy is quite bad...

Posted by prudentinvestor > 2022-07-07 20:02 | Report Abuse

Suspension will come sooner!

Posted by BursaVulture > 2022-07-07 21:01 | Report Abuse

OPR up, also means default rate up, bad loan up, new loans down.... people only see banks earn more, never think of the other side.

Posted by Cslee1215 > 2022-07-08 13:19 | Report Abuse

Market depression coming soon

Posted by LeonardLiong > 2022-07-08 21:29 | Report Abuse

Price movement is quite steady today. Good one~

Posted by prudentinvestor > 2022-07-10 12:35 | Report Abuse

Maybank investors can expect an interim dividend of at least 25sen a share to be declared after the announcement of its first half financial results.

Posted by stkoay > 2022-07-10 14:41 | Report Abuse

I bet it will be about the same as last year.....28 sen :)

Posted by stkoay > 2022-07-10 14:42 | Report Abuse

As for our Top Picks, we still like MAYBANK (OP; TP: RM11.05) which we highlight for stellar dividend returns (7-8%) paired by its commendable asset quality readings (GIL: <1.9%, below listed peers’ average of 2.0%) despite being the leader in loans and deposits share.

Source: Kenanga Research - 7 Jul 2022

https://klse.i3investor.com/web/pricetarget/research/63867

Posted by LeonardLiong > 2022-07-12 18:41 | Report Abuse

Nice price movement. Great to have Maybank to be one of my dividend portfolio

Posted by Stormkking > 2022-07-13 14:12 | Report Abuse

Dividend is chicken feed when the crash hits bottom dude

Posted by prudentinvestor > 2022-07-13 15:24 | Report Abuse

Total dividend last financial year was 58sen a share. This isn't chicken feed. The top 30 largest shareholders already control over 92% of Maybank. Over 98.5% of Maybank's shares are in the hands of those who hold over 100,000 shares.

Posted by Cslee1215 > 2022-07-13 20:13 | Report Abuse

Stormkki Chicken feed price is expensive, thats why u have chicken shortage, small farmer in risk of closing thier farm.

Posted by LeonardLiong > 2022-07-13 22:46 | Report Abuse

US CPI for Jun 2022 increased to 9.1% YoY !!! FED rate hike for sure

Posted by kyliew > 2022-07-13 22:58 | Report Abuse

The re-making of 2008 financial crisis is coming

Posted by DickyMe > 2022-07-14 09:36 |

Post removed.Why?

Posted by kyliew > 2022-07-14 10:27 | Report Abuse

Bank of America Corp
(-33.22%) year to date

Will local banks sooner or later face the same fate with the upcoming recession?

Posted by prudentinvestor > 2022-07-14 10:44 | Report Abuse

After spending one month in a rehabilitation center, he came back the same person.

Posted by stkoay > 2022-07-14 12:03 | Report Abuse

Topped up a little at 8.61....
...will continue switching lower dividend stocks into this Tiger .......

Posted by stkoay > 2022-07-14 12:09 | Report Abuse

Joker busy getting himself suspended....this time till November....haha..

Posted by stkoay > 2022-07-14 12:10 | Report Abuse

Wonder why jokers who cannot afford to own but still like to visit our No.1 blue chip club.

Posted by Cslee1215 > 2022-07-14 12:14 | Report Abuse

kyliew, the answer is no, because all local bank going to be sdn bhd soon.

Posted by stkoay > 2022-07-14 13:15 | Report Abuse

Stable asset quality and moderate loan growth should keep capital ratios at solid levels. Notwithstanding Cukai Makmur, we expect banks to sustain FY21 dividend payout ratios in FY22F.

Stay OVERWEIGHT, prefer Hong Leong Bank, AMMB and Malayan Banking.

MAYBANK
Price Target:
10.40
Price Call:
BUY
Last Price:
8.62
Upside/Downside:
+1.78 (20.65%

Source: RHB Research - 13 Jul 2022

https://klse.i3investor.com/web/pricetarget/research/63905

Posted by prudentinvestor > 2022-07-14 16:11 | Report Abuse

"Will local banks sooner or later face the same fate with the upcoming recession?"
The share price of big American banks can drop by over 90%. It would be unthinkable for the share price of local banks to drop by over 90%. Why should the performance of local banks mirror the performance of US banks?

Posted by LeonardLiong > 2022-07-14 16:43 | Report Abuse

Banking sectors will benefit from the rate hike for short-term period...

Posted by kyliew > 2022-07-14 22:47 | Report Abuse

Bank of america dropped back to June 2020 price after stock opening.

Posted by kyliew > 2022-07-14 22:48 | Report Abuse

Citi plugged back to April 2020 price.

Posted by kyliew > 2022-07-14 22:49 | Report Abuse

plunged*