Posted by masterus > 2024-05-31 07:19 | Report Abuse

Almighty dollar nation will not happy with that. Will they sanction ASEAN?

Posted by OnTime > 2024-05-31 08:06 | Report Abuse

more colour revolution loh.

Posted by stkoay > 2024-05-31 12:38 | Report Abuse

Home
Ringgit overcomes this year’s slow start as inflows gather pace
Currency
Ringgit overcomes this year’s slow start as inflows gather pace
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 Hoot9ee > 2024-05-31 13:36 | Report Abuse

Collect collect?

Posted by stkoay > 2024-05-31 16:53 | Report Abuse

25.3m shares changed hand at pre close at 9.93

Posted by foresteri > 2024-06-01 12:52 | Report Abuse

https://www.msn.com/en-my/money/personalfinance/gx-bank-vs-aeon-bank-which-has-better-returns/ar-BB1nneGZ?ocid=weather-verthp-feeds

Posted by MalaysiaEquityGuide > 2024-06-03 23:34 | Report Abuse

https://youtu.be/Tx3xLTmxU1s

Posted by newbie2019 > 2024-06-04 16:54 | Report Abuse

nice! keng mau

Posted by stkoay > 2024-06-04 16:55 | Report Abuse

No.1 & No.2 sui sui :-)

Posted by stkoay > 2024-06-04 19:36 | 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 masterus > 2024-06-05 12:03 | Report Abuse

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

Posted by masterus > 2024-06-05 12:07 | Report Abuse

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

Posted by masterus > 2024-06-05 12:10 | Report Abuse

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

Posted by Pinky > 2024-06-05 16:19 | Report Abuse

Bye2 Maybank, I've switched to OCBC Singapore. Nothing wrong with Maybank, just that I wanna diversify to SG

Good luck to you guys who continue to hold!💪

Posted by HUNTER > 2024-06-05 16:24 | Report Abuse

Pinky ,u use wat platform to buy sg stock?

Posted by Pinky > 2024-06-05 16:40 | Report Abuse

FSMOne, as I'm using them for my unit trusts. Lazy to open account with multiple platforms so I never thought of Rakuten, Moomoo etc

Cheers

Posted by stkoay > 2024-06-05 17:08 | Report Abuse

@Pinky, we gonna miss u......all the best.

Posted by Pinky > 2024-06-05 17:46 | Report Abuse

@stkoay I'm still with u at SotongBang 😁😄

Posted by stkoay > 2024-06-05 19:36 | Report Abuse

@Pinky, good......cheers.

Posted by HUNTER > 2024-06-06 09:26 | Report Abuse

@pinky,thanks,i also lazy open moomoo

Posted by masterus > 2024-06-06 10:31 | Report Abuse

X: Mirror mirror on the wall, who is the most powerful of all.
Mirror: Y is the most powerful one.
X: Bull shit. I will use the power to destroy anyone who overtake my power. X will be the powerful one forever.

Posted by masterus > 2024-06-06 10:32 | Report Abuse

Almighty dollar and military supremacy is the nuclear fuel for X.

Posted by pang72 > 2024-06-06 14:12 | Report Abuse

Stkoay
Happy lo

Posted by stkoay > 2024-06-06 17:01 | Report Abuse

How you know :)

Posted by stkoay > 2024-06-06 22:11 | Report Abuse

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

Posted by stkoay > 2024-06-11 22:53 | Report Abuse

https://theedgemalaysia.com/node/714093

Posted by masterus > 2024-06-12 16:47 | Report Abuse

The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.

Biz Community

Posted by masterus > 2024-06-14 06:25 | Report Abuse

PETALING JAYA: The United States returns around US$156mil (RM721.4mil) to the Malaysian Government marking the fourth installment of recovered misappropriated funds from the 1Malaysia Development Berhad (1MDB) scandal.

US Ambassador to Malaysia Edgard D. Kagan met Prime Minister Datuk Seri Anwar Ibrahim to confirm the handover of funds on June 11, according to a statement by the embassy.

Posted by stkoay > 2024-06-18 11:26 | Report Abuse

https://theedgemalaysia.com/node/715691

KUALA LUMPUR (June 18): Malayan Banking Bhd (KL:MAYBANK) was the only Malaysian company to make it into the top 20 companies by revenue in Fortune’s Southeast Asia 500 rankings for 2024, ranking 17th with US$14.15 billion (RM66.7 billion).

In a statement on Tuesday, Fortune said of the top 20 companies by profitability, Malaysian companies Maybank came in at 11th, CIMB Group Holdings (KL:CIMB) at 17th and Public Bank Bhd (KL:PBBANK) at 19th.

Posted by stkoay > 2024-06-20 22:10 | Report Abuse

PNB & ASB together, acquired 37.5m shares on 18/6 :p

Posted by stkoay > 2024-06-22 12:41 | Report Abuse

https://www.nst.com.my/business/2024/06/1066793/lofty-dividend-payouts-expected-fy2024-financial-health-improves

"By holding dividend stocks, investors can mitigate portfolio risk, as dividends provide a buffer against losses even if stock prices decrease.

"Additionally, dividend-paying stocks demonstrate lower volatility compared to non-dividend-paying counterparts," he said.

Banks and real estate investment trusts (REITs) are renowned for their attractive dividend yields.

He said UOB Kay Hian's in-house analysts project a dividend yield of 6.5 per cent in 2024 for the banking sector, with expectations for it to rise to 6.8 per cent in 2025 and further to 7.1 per cent in 2027.

Posted by stkoay > 2024-06-22 12:43 | Report Abuse

FBM KLCI on Uptrend

Mohd Sedek said the FBM KLCI has shown a consistent recovery since the fourth quarter of last year.

With robust support from foreign institutional buying activities, the FBM KLCI posted a year-to-date rise of 9.41 per cent, adding 136.83 points.

He said UOB Kay Hian Wealth Advisors has revised the year-end target for the barometer index upwards to 1,735, a level last seen in 2018, reflecting improved domestic liquidity.

"For reference, the bottom-up target is 1,713 and the hypothetical target at mean price-to-earnings ratio valuation would be 1,803.

Posted by derricksyl > 2024-06-23 16:21 | Report Abuse

The next div announce day will on September ..... Maybe around 0.30-0.32 ....

Posted by turbochart > 2024-06-23 16:27 | Report Abuse

24.2m withdrawal fraudulent

Posted by stkoay > 2024-06-24 19:47 | Report Abuse

KUALA LUMPUR (June 24): MBSB Bank Bhd said on Monday that it is working closely with authorities to resolve a case concerning illegal withdrawals in Kota Kinabalu.

A thorough internal review initiated by the bank led to the commencement of a police investigation into the matter, said the Islamic bank in a statement on Monday.

It said the incident involved a syndicate that colluded with certain staff members, who are currently in police custody, to carry out the illegal withdrawals authenticated through forged identity cards used by the syndicate.

https://theedgemalaysia.com/node/716580

Posted by pang72 > 2024-06-26 16:56 | Report Abuse

I am doing half good and convert more other shares to MBB to have peace of mind dividend payout...

Posted by stkoay > 2024-06-26 19:56 | Report Abuse

https://www.malaymail.com/news/money/2024/06/26/midf-research-malaysias-equity-market-to-continue-positive-momentum-in-2h2024/141600

Posted by stkoay > 2024-06-26 21:54 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/06/26/banks-1q-earnings-in-line-with-expectations

Posted by pang72 > 2024-06-27 13:40 | Report Abuse

The drop is to prepare coming days to cross long await $10,hopefully

Posted by stkoay > 2024-06-27 22:27 | Report Abuse

KUALA LUMPUR (June 27): Kenanga Research maintained an "overweight" stance on Malaysia's banking sector, which remains resilient in the face of a complex economic landscape, bolstered by strategic risk management and a focus on high-quality assets.

https://theedgemalaysia.com/node/717079

Posted by derricksyl > 2024-06-28 07:03 | Report Abuse

Maintain pay out dividend 60sen per year ..... steady bom pi pi ...

Posted by pang72 > 2024-06-28 13:15 | Report Abuse

I believe 6% dividend will not last long..
It will go to 5% eventually with higher share price

Posted by pang72 > 2024-06-28 13:16 | Report Abuse

Of course, we will be bom pipi with 9.95 now

Posted by Mabel > 2024-07-02 09:24 | Report Abuse

Haha today touches RM 10 oledi....

Posted by masterus > 2024-07-03 13:20 | Report Abuse

WORK PERMIT HOLDERS’ BANK ACCOUNTS WILL BE FROZEN AFTER THEIR WORK PERMITS ARE CANCELLED

The Ministry of Manpower (MOM) in Singapore has introduced a new rule for work permit holders. If you’re leaving Singapore because your employment has ended, you should close your bank account before you go.

This is to prevent your inactive account from being used for illegal activities like money laundering or fraud.

Posted by masterus > 2024-07-03 13:23 | Report Abuse

CPF accounts of 300,000 foreigners will close from April 1, 2024
Move is to cater to retirement, housing and healthcare needs of Singaporeans and PRs

Posted by stkoay > 2024-07-03 19:40 | Report Abuse

https://theedgemalaysia.com/node/717760

(July 3): Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.

“Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”

Posted by pang72 > 2024-07-04 09:29 | Report Abuse

Tiger bank $10.04...
Toward 52wks high $10.06

Posted by stkoay > 2024-07-04 11:49 | Report Abuse

Broken 52 wk high.....very bullish sign....

....global fund buy DBS first....will come to this one later.

Posted by stkoay > 2024-07-04 11:58 | Report Abuse

Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”

Shares of DBS Group Holdings Ltd climbed 2.3% and Oversea-Chinese Banking Corp added 1.2%, with both extending record highs. United Overseas Bank Ltd rose 2% to its highest level in more than two years.

While higher interest rates help banks’ profitability, they can also translate into capital returns for shareholders “as the sector has capacity to improve already very attractive dividend yields,” Horchani said.

The 12-month projected dividend yield for OCBC was 5.6% compared with about 4.3% for the MSCI Asia Pacific Financials gauge, according to data compiled by Bloomberg. Singapore banks are set to report results early next month.