Posted by masterus > 2019-09-18 10:24 | Report Abuse

Speculators will fail spectacularly in HK attacks
Several days after George Soros wrote an op-ed piece in the Wall Street Journal saying his interest in defeating China "goes beyond US national interests," some Chinese media outlets reported the billionaire financier attempted to short sell Hong Kong stocks recently when the market was hit hard by the city's ongoing riots.

Soros' reported short-selling operation has not been confirmed. However, we hope he won't be so foolish as to repeat the mistakes he made two decades ago.

If Soros didn't learn anything from his defeat amid the 1997-98 Asian financial crisis and tries the same thing again, he will soon find that he is not up against the collective investors of Hong Kong but rather the world's second-largest economy. The Chinese central government will help local authorities in the Hong Kong Special Administrative Region (HKSAR) to fight malicious short selling if it becomes a major cause of stock market turmoil.

Posted by masterus > 2019-09-18 10:25 | Report Abuse

The Chinese central government is highly able to mobilize resources and coordinate action to fight external attacks. A prosperous economy of the Chinese mainland is a powerful backing for the Hong Kong stock market. Soros can't take on the world's second-largest economy.

Remember the Asian financial crisis? The HKSAR survived as a global financial hub because of the support of the central government when speculators, particularly Soros, sold the markets short.

History may repeat itself if Soros attacks Hong Kong's markets again. We hope Hong Kong's internal forces are able to restore order and safeguard market stability. However, if the city is exposed to economic turmoil, the central government has the ability to deal with malicious speculators, and they'll lose all they've got.

Posted by masterus > 2019-09-18 10:25 | Report Abuse

Today, the Chinese economy is stronger than it was two decades ago. The central government is in a better position and has greater strength to fight against malicious short selling. We advise speculators, including Soros, not to engage in direct financial conflict with the world's second-largest economy. They will fail miserably.

Posted by tkl88 > 2019-09-19 09:39 | Report Abuse

What a superb Good News ! US Fed cuts key interest rate by quarter-percentage point !

MARKET SNAPSHOT: U.S. Stocks Fall After Fed Cuts Rates A Quarter-point, But Casts Doubt On Future Stimulus
https://www.morningstar.com/news/dow-jones/201909187545/market-snapshot-us-stocks-fall-after-fed-cuts-rates-a-quarter-point-but-casts-doubt-on-future-stimulus

Like that all the funds and capitals will flood into Asian Countries included Malaysia already !
Huat ah ! Heng ah ! Ong ah !

Posted by Vin Cullen > 2019-09-19 12:35 | Report Abuse

They cut the opr ~ Which mean they will use their money to pump U.S Market .. took out from Bank ^^

Posted by YouBuyIBuy > 2019-09-19 21:20 | Report Abuse

Malaysia November may cut interest again, is that good news for bank ? And is this good news for stock market & KLCI index?

Posted by YouBuyIBuy > 2019-09-20 10:01 | Report Abuse

PBB why so weak ? PBV wo..

Posted by Wong Kahcheng > 2019-09-22 00:33 | Report Abuse

Patience is gold above my close loss point

Posted by avatar52 > 2019-09-23 14:06 | Report Abuse

PB shares keep plunging. Should I sell?

Posted by Up_down > 2019-09-23 14:33 | Report Abuse

Share price is overstretched due to excessive optimism growth prospect. At the revenue growth rate of 3% as reported in latest quarter, PBB is traded at PER 14.2x which is considered quite high given the current economy situation. In addition, PAT is stagnant and expecting to remain in next few quarters. Expect PER to drop below 12x .

Posted by Up_down > 2019-09-23 14:46 | Report Abuse

SGX's DBS, OCBC and UOB are only traded at PER between 9.8x to 11x and the latest revenue growth stayed above 8%.

Posted by YouBuyIBuy > 2019-09-24 12:19 | Report Abuse

Check back previous year PBB PER lo, if must between 9.8x to 11x long time ago PBB should plunge d correct ?

Posted by PotentialGhost > 2019-09-25 14:45 | Report Abuse

Break 20 , pakatan harapan , kekeke

Posted by Jeffreyteck > 2019-09-26 13:18 | Report Abuse

Useless regulator allowing banks imposing various kind of charges. Cash deposit using deposit machine also charge.

Posted by Jeffreyteck > 2019-09-26 16:23 | Report Abuse

http://www.enanyang.my/news/20190925/%e9%93%b6%e8%a1%8c%e9%bc%93%e5%8a%b1%e7%94%b5%e5%ad%90%e6%94%af%e4%bb%98-br%e6%9f%9c%e5%8f%b0%e5%ad%98%e6%ac%be%e6%9c%ba%e6%9c%8d%e5%8a%a1%e6%94%b6%e8%b4%b9/
Expecting all have computer or handphone and wifi at home or everywhere. Blood sucking banking industry.

Posted by apanama > 2019-09-27 04:56 | Report Abuse

FTSE Russell has determined to retain Malaysia on the Watch List and
not downgrade Malaysia to Market Accessibility Level 1 at this review. .....Yippie..not downgrade ...still on Watchlist..:)..March 2020 pulak review..

Posted by Jeffreyteck > 2019-09-27 08:54 | Report Abuse

Malaysia Competition Commission should investigate banking industry on fees and charges which seems to be price fixing for their own advantages.

Posted by Jeffreyteck > 2019-09-27 18:50 | Report Abuse

消协反对收费

自大马银行公会发布声明后，国内数个消费人协会一致反对有关措施。

大马消费人联合会总执行长拿督保罗希尔华指出，银行业者不应“惩罚”不会使用电子支付，或不相信电子支付的消费者。

“我们对国家银行允许这种情况发生感到震惊。”

Luckily consumer associations did a good thing, shame on the regulator, thought everyone is as rich as them and can continue to be charged by banks.

Posted by RainT > 2019-09-27 20:01 | Report Abuse

@apanama

in shares market and global economy changes and uncertainty will always be there

after this settle, will have another one, on and off, its like a cycle

trade talks, round and round of talks, good bad bad good

bond ftse rusell, review this round, next round again, there again the risk

this is life

must own system on how to take advantage of it,not fall on it

Posted by TP_yes_SL_no > 2019-10-02 12:32 | Report Abuse

enter now or later?

Posted by enigmatic [Breaker of Speculative Investing] > 2019-10-02 21:25 | Report Abuse

Banking stocks are usually solid, but this year is horrible for banking stocks. The low interest rates hurt profits further in the following year...

Posted by annmix > 2019-10-02 22:42 | Report Abuse

change government and doomed all together !

Posted by enigmatic [Breaker of Speculative Investing] > 2019-10-02 22:45 | Report Abuse

Dow is down 400 points. Be prepared to get another round of smackdown.

Posted by William Ng > 2019-10-03 07:58 | Report Abuse

Below 20..

Posted by Jeffreyteck > 2019-10-03 08:22 | Report Abuse

TP18. Time for banks to drop as they had already earned above all industry profit for many years after the merger, continuing charging more fees and charges and exploiting consumers and provide little counter services, etc.

Posted by lching > 2019-10-03 10:18 | Report Abuse

40 months low.....

Posted by graynoize > 2019-10-03 15:45 | Report Abuse

Tempting to enter around 18 or below. Another rate cut looming, might drop even further.

Posted by masterus > 2019-10-03 16:42 | Report Abuse

PRINSIPTEK CORP BHD price is only 0.11

Posted by Up_down > 2019-10-03 16:58 | Report Abuse

FF is running out of KLSE like no tomorrow. They can invest elsewhere in more competitive market such as SGX banking shares. Not much hope for this blue chip. Headwinds cycle is now staging in KLSE finance counters.

Posted by masterus > 2019-10-03 17:50 | Report Abuse

HONG KONG: Hong Kong may have lost as much as US$4 billion in deposits to rival financial hub Singapore between June and August, Goldman Sachs estimated this week.
Read more at https://www.channelnewsasia.com/news/business/hong-kong-us-4-billion-deposits-singapore-11966576

Posted by StockStalker > 2019-10-03 19:39 | Report Abuse

between Malaysia and Singapore heavyweight banking stocks, local counters are overpriced with higher P/E (x) Dec-19F, higher P/BV (x) Dec-19F, and lower Yield (%) Dec-19F. It will be wiser to look across the causeway and park your money in SGX banking stocks.

Posted by goreng_kaki > 2019-10-04 12:47 | Report Abuse

wait PPBANK at RM 15, december will reach

Posted by StockStalker > 2019-10-04 15:27 | Report Abuse

PBBANK at RM14 will be more reasonable price with P/E, P/BV, and Yield at level in line with SGX banking giants that are more than double the size of PBBANK by market cap

Posted by apple168 > 2019-10-04 15:30 | Report Abuse

https://www.bloomberg.com/news/articles/2019-10-02/slumping-data-may-force-poker-faced-powell-to-move-to-third-cut?utm_campaign=socialflow-organic

Posted by Jeffreyteck > 2019-10-05 09:16 | Report Abuse

Waw, above calling for 14_15, ummm, interesting. Certainly like to see that happened. Normally volume remains low when price is high, once it started the downturn trajectory, both volume and price will drop at a faster pace. HK "riot" impact remains uncertain, potential interest cut is rising, certain non traditional banks like Bank Rakyat and MBSB may provide a better counter services, etc. Challenge ahead.

Posted by graynoize > 2019-10-05 10:26 | Report Abuse

The Edge's boss Tong bought Public Bank this week.

Posted by rosdi > 2019-10-07 15:58 | Report Abuse

hong piaw retiree public bank confident pun sudah kurang lemah ,macam buffet retiree berkshire Hathaway pun jalan sulah lain...

Posted by RainT > 2019-10-07 17:43 | Report Abuse

queue at 19.20

cannot get haha

Posted by RainT > 2019-10-07 17:46 | Report Abuse

wah

when drop all negative comments come in

its reall hard to be a contrarian

Posted by RainT > 2019-10-07 17:46 | Report Abuse

@rosdi

hong piaw sudah sara ke?

i ingat tahun depan baru bersara

kalau dia step down, Public bank jadi habis bank

haha

Posted by freddiehero > 2019-10-07 17:51 | Report Abuse

very good counter.. u r strong

Posted by RainT > 2019-10-07 19:17 | Report Abuse

Drop more please

i want buy

Posted by Jeffreyteck > 2019-10-08 15:22 | Report Abuse

“Based on data from Bursa, foreign investors sold a whopping RM770.8mil net of local equities last week, more than four times compared to RM150.9mil in the week before.
Read more at https://www.thestar.com.my/business/business-news/2019/10/07/intensified-foreign-selling-seen-on-bursa-malaysia#ED2Wiu3UWL5B5YaQ.99

Posted by tkl88 > 2019-10-09 09:51 | Report Abuse

Countdown 2 days to 11/10/2019 (Friday)'s super prosperous budget 2020 !

Posted by tkl88 > 2019-10-09 09:52 | Report Abuse

Huat ah ! Heng ah ! Ong ah !

Posted by RainT > 2019-10-09 12:12 | Report Abuse

join in Public bank ship at 19.20

Posted by warchest > 2019-10-09 14:45 | Report Abuse

Public Bank already showed contration in earnings for 3 of the 4 quarters. Be careful in low interest environment as it is the most expensive bank now

Posted by PotentialGhost > 2019-10-09 15:11 | Report Abuse

Heh heh heh ,after change new gov pbb become new low kekekeke

Posted by RainT > 2019-10-09 15:19 | Report Abuse

i feel that earning contraction is feel by all banks in Msia
most of banks listed in Msia also show profit drop
as in fact, worldwide banking corporation also cut jobs & close down some place to save costs
so it whole industry effect as demand expected to be slow & recession might be coming

but for Public Bank
it is the only bank in Msia that is well manage with low impair loan & prudent lending policy
it also outstanding in term of efficiency

if u see 10 years share price chart, the chart is on straight uptrend in 10 years
compare with other banks which have roller coaster chart in this 10 years

Posted by RainT > 2019-10-09 15:19 | Report Abuse

so now appear the chance to buy in

but buy in stages

we dont know, how low it can be