Posted by Jerichomy > 2020-07-29 18:26 | Report Abuse

I mean it will be lower

Posted by Jerichomy > 2020-07-29 18:54 |

Post removed.Why?

Posted by seiluen > 2020-07-30 11:10 | Report Abuse

sold all today at 0.54

Posted by Jerichomy > 2020-07-30 12:28 |

Post removed.Why?

Posted by Jerichomy > 2020-07-30 14:08 | Report Abuse

Next time, pls dont trust cold eye or chua ma yu again ya

Posted by Jerichomy > 2020-07-30 16:30 | Report Abuse

Cold eye is fong shi ling

Posted by Nkk1370 > 2020-07-30 21:53 | Report Abuse

Add 0.535 and hold

Posted by aliyusof > 2020-07-31 08:56 | Report Abuse

Chua Ma YU has already disposed almost all his shares at profit last year. If mistaken sold above 80 cts

Posted by Nkk1370 > 2020-07-31 09:41 | Report Abuse

I am sure, mbsb can afford to pay and hire a competent and highly qualified CEO

Posted by Good123 > 2020-07-31 10:20 | Report Abuse

EPF is the largest shareholder now

Posted by Good123 > 2020-07-31 10:22 | Report Abuse

monotorium might be extended for another 6 months although the PN announced only applicable selectively

Posted by Good123 > 2020-07-31 10:23 | Report Abuse

even selective monotorium extension merugikan banks, making less money for bank but surviving

Posted by Good123 > 2020-07-31 11:58 | Report Abuse



Tough time: HSBC and StanChart buildings stand in Hong Kong. StanChart expects income, which grew 3% in the first-half, to be lower in the second half as trading activity slows in its financial markets division while interest rates remain low. — Bloomberg

HONG KONG: Standard Chartered PLC (StanChart) posted a 33% fall in first-half profit after credit impairment charges jumped six-fold as a result of the coronavirus pandemic and economic downturn, and it struck a cautious note for rest of the year.

Indicating cuts in headcount at the bank to further reduce costs, StanChart said it was accelerating some elements of existing projects aimed at creating a leaner organisation as well as developing some new expense reduction initiatives.

Pre-tax profit for StanChart, which focuses on Asia, Africa and the Middle East, dropped to US$1.63bil in the January-June period from US$2.41bil in the same period last year, the London-headquartered bank said in a stock exchange filing.

The latest profit compared with the US$1.53bil average of analyst estimates compiled by StanChart.

StanChart’s credit impairment in the first-half rose to US$1.58bil from US$254mil a year earlier, the statement showed.

The bank also said it expected income, which grew 3% in the first-half, to be lower in the second half as trading activity slows in its financial markets division while interest rates remain low.

“Low interest rates and depressed oil prices continue to be headwinds and we expect new waves of Covid-19 related challenge in the coming quarters, ” chief executive Bill Winters said in the earnings statement.

The lender struck a more positive tone when it came to further provisions against bad debts, however, saying it expected impairments in the second half to be lower unless economic conditions deteriorate significantly.

It reiterated it would not pay dividends for the time being following a request from Britain’s Prudential Regulation Authority, adding it hoped to resume payments “as soon as prudently possible”.

The Covid-19 pandemic, which has infected more than 16.5 million people across the world, is hitting businesses – from retail to aviation – globally as governments freeze economies to slow its spread.

StanChart’s Hong Kong-listed shares rose as much as 3.6% after the results, reversing its losses in morning trade, while the Hong Kong market index was up 0.8%.

As with fellow British lender Barclays, which reported earnings on Wednesday, StanChart’s overall performance was helped by its trading arm which held up much better than its corporate and retail banking businesses.

StanChart’s retail, commercial and private banking business all saw profits nearly halve year on year, while its corporate and institutional banking division saw only a 13% decline as frenzied trading in stocks and bonds bolstered income.

The bank’s earnings outlook has, however, also been clouded by political unrest in Hong Kong, whose economy contracted 9% in April-June, shrinking for the fourth quarter in a row and the second biggest drop on record.

Hong Kong is the single largest market for the bank. — Reuters

Posted by Good123 > 2020-07-31 11:59 | Report Abuse

pressure on bank profitability. affecting stock prices

Posted by Jerichomy > 2020-07-31 12:51 | Report Abuse

Can be trusted

Posted by Jerichomy > 2020-07-31 12:52 |

Post removed.Why?

Posted by Jerichomy > 2020-07-31 12:53 |

Post removed.Why?

Posted by Jerichomy > 2020-07-31 12:53 | Report Abuse

T.y.yap

Posted by Jerichomy > 2020-07-31 12:54 | Report Abuse

The above sifu can be trusted

Posted by Jerichomy > 2020-07-31 12:54 | Report Abuse

The rest of the sifus tipu punya

Posted by Good123 > 2020-08-01 11:00 | Report Abuse

As of February 2020, Erhan notes that real estate loans in the banking system stood at RM836bil or 47% of total loans.

“This staggering amount needs better data to manage the portfolio, especially when industries are cutting jobs. A 10% downward correction will affect up to 5% of the total loan portfolio, depending on the age of the loan asset. That’s a huge amount.”

Posted by Yippy68 > 2020-08-01 15:30 | Report Abuse

cold eye is a long term investor, he also lose money like many, but he quietly holding 40 M share. if one sold all at 75 sen and buy back at 46, he can be rich.

Posted by Jerichomy > 2020-08-01 18:10 | Report Abuse

Yippy68 seems to know more than he tell...but all the time he is correct LOL

Posted by Jerichomy > 2020-08-01 21:27 | Report Abuse

Yippy68 seems to be positive back...what is your entry price...should have never trusted all rubbish news llike china press, chua ma yu and fong shi ling ....

Posted by Jerichomy > 2020-08-02 03:00 | Report Abuse

Sometime, what are you thinking so positive abt This counter which is oredi going down to 46 cents...so dump is investor becoz i met one who say epf has a lot of state here...why the share pricr go down so epf also dont want it...

Posted by Jerichomy > 2020-08-02 03:04 |

Post removed.Why?

Posted by Jerichomy > 2020-08-02 11:01 | Report Abuse

Mr Yippy 68, Not trying to belittle you. I buy more thant 300k at 74.5 cents and loss a lot. Hence, i decided to cut loss coz the Q2 result will another terrible result. Don’n want to wait until it goes down to 46 cents...LOL

Posted by Jerichomy > 2020-08-02 11:03 |

Post removed.Why?

Posted by Jerichomy > 2020-08-02 11:13 |

Post removed.Why?

Posted by Jerichomy > 2020-08-02 11:15 | Report Abuse

Last but not least, mbsb is su...xxxx counter. Bye guys

Posted by Jerichomy > 2020-08-02 11:34 | Report Abuse

Even also affin also make more profit for Q12020
But mbsb make loss for Q12020. This Monday will be my last day

Posted by Jerichomy > 2020-08-02 12:25 | Report Abuse

But 2021 is very long so anything can happen...yippy68

Posted by Jerichomy > 2020-08-02 14:40 | Report Abuse

it is okay, yippy68...i like strong comments becoz it sounds sincere...i like sharing and happy to trade with you...just glad to know you if not nobody will support me here not to go for DRP...becoz of ur experience that we avoided making losses in DRP deal too...kudos to yippy68 and everybody here pls thanks yippy68

Posted by Jerichomy > 2020-08-02 14:41 | Report Abuse

Sorry for everything i said in this counter...take care and bye, yippy68...see you whenever i bump into you in another share forum In i3

Posted by Yippy68 > 2020-08-02 19:33 | Report Abuse

JERI, you are a nice gentleman, one day we will meet and make money together. god bless you..

Posted by alexsee > 2020-08-03 10:23 | Report Abuse

seller very aggressive after the dividend.. buyers very weak and not interested even at this low price.. waiting lowest 0.46 ?!

Posted by Jerichomy > 2020-08-03 12:30 | Report Abuse

Yippy68, i not sell all my mbsb becoz my loss is too huge but cut lose abit ya...make money in glove :))

Posted by Jerichomy > 2020-08-03 12:31 |

Post removed.Why?

Posted by Jerichomy > 2020-08-03 12:48 | Report Abuse

Now i believe in healthcare ::))...guys covid 19 just mutated in vietnam ya...stay safe and be safe ya

Posted by Loh Kok Wai W > 2020-08-03 16:08 | Report Abuse

This is LOUSY bank counter.

Posted by Loh Kok Wai W > 2020-08-03 16:09 | Report Abuse

EPF pun rugi.

Posted by Jerichomy > 2020-08-03 18:09 |

Post removed.Why?

Posted by Arnold76 > 2020-08-03 18:11 | Report Abuse

All also want to make money only, different opinions is also good for sharing.

Posted by Jerichomy > 2020-08-03 18:46 | Report Abuse

Must reliable opinion lar and self calculated or rumours...not operator itself

Posted by Good123 > 2020-08-03 21:02 | Report Abuse

the reason for the recent continuous fall. Mild deterioration anticipated

RAM Rating Services Bhd says the banking industry is likely to see a mild deterioration in its gross impaired loan (GIL) ratio this year. According to the rating agency’s co-head of financial institution ratings, Wong Yin Ching, this is due to the six-month moratorium for SME loans currently in place, as well as the active R

Posted by Good123 > 2020-08-04 07:36 | Report Abuse

mbsb, medium to long term investment. 

Second-quarter profit at DBS, which has state investor Temasek Holdings as its biggest investor, is set to rise nearly 3% to S$1.19 billion ($865.3 million) from a quarter ago but slump about 25% on the year, according to the average estimate of five analysts, Refinitiv data shows

SINGAPORE: Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from the impact of the COVID-19 pandemic and weak asset quality.

Uninspiring results could add to investor disenchantment with the lenders, the biggest in Southeast Asia, after the city-state's central bank capped their dividends last week, sparking a sell-off in their shares.

The market's focus when DBS Group and its two smaller rivals report results this week will be on any signs that the June quarter marked the trough for net interest margins, a key measure of profitability, as economies emerge from months of lockdown.

"We expect banks' profit to moderate over the near term due mainly to higher provisioning costs and low interest rates," said Shao Keng Ang, senior credit analyst at Eastspring Investments.

Second-quarter profit at DBS, which has state investor Temasek Holdings as its biggest investor, is set to rise nearly 3% to S$1.19 billion ($865.3 million) from a quarter ago but slump about 25% on the year, according to the average estimate of five analysts, Refinitiv data shows.

"We forecast a 19 basis points q-o-q average decline for the Singapore banks on the back of a collapse in Singapore short-end rates as well as lower interest rates in the regions that the Singapore banks operate in," Goldman Sachs analysts said in a report, referring to net interest margins, adding that the declines would be the biggest since 2002.

Net interest margins of DBS, OCBC and United Overseas Bank are estimated at between 1.55% to 1.64% for the quarter, according to Refinitiv data.

OCBC's net profit is set to advance 40% from a quarter ago, helped by higher trading income and gains from its insurance unit. On the year, analysts expect profit to fall 20%.

Refinitiv data shows UOB's quarterly profit is estimated to fall on the quarter and from a year earlier. ($1 = 1.3752 Singapore dollars) - Reuters

Posted by Nkk1370 > 2020-08-04 09:15 | Report Abuse

Add more@0.515.Quite sometime has not seen Malaysian banking share traded as penny stocks.

Posted by WTF69 > 2020-08-04 09:24 | Report Abuse

This counter every week break the lowest & lowest price!

Posted by alexsee > 2020-08-04 09:49 | Report Abuse

0.6 is low enough compared the IPO's price.. buy some
wah.. 0.55... discounted 5 cen.. buy again to average down.. is bank stock.. safe
whaoo.. 0.53.. there is a support .. buy more and more
eh.. 0.515.. no way it will go down below 0.5... sailang this time and wait for strong rebound..

Posted by Jerichomy > 2020-08-04 10:40 | Report Abuse

Hey bro, better wait until selling force is over. Good luck