Posted by EDwarrior > 2023-03-15 17:23 | Report Abuse

Repeat after me pbb will fly to the moon soon

Posted by Sharefisher > 2023-03-15 17:59 | Report Abuse

Today very strong support at 3.95. .. Also means that sellers willing to sell at this level.... Don't worry should have few rounds of selling.. Still got chance to sapu...

Posted by EDwarrior > 2023-03-15 18:18 | Report Abuse

EPF also keep buying lol

Posted by ChloeTai > 2023-03-15 18:35 | Report Abuse

Another banking serious collapse. Credit Suisse of Europe. Hitting all time low. Dow futures is now down 394 points.

Posted by Plantermen > 2023-03-15 18:38 | Report Abuse

SVB is a california based bank that takes in deposit and loan out to new tech start up. They are not a national based bank. The last count in SEPT 2022 {number of banks in the US insured with FDIC totalling 4,517} Yes. 4,517 number of Banks operating in the US. In Malaysia we only have 9 anchor banking groups. The big 3 is Maybank, Public Bank, CIMB. Illogical to use PBB vs SVB

Posted by ChloeTai > 2023-03-15 19:12 | Report Abuse

Now Dow Futures down 560 points. Really could not see its collapse coming.

Posted by Sharefisher > 2023-03-15 19:39 | Report Abuse

Those who missed the MCO cheap sales, get ready........ Haha ha....

Posted by Goodprofit > 2023-03-15 19:58 | Report Abuse

worst is coming, financial crisis visit soon

Posted by Goodprofit > 2023-03-15 20:00 | Report Abuse

who hold US dollars must be careful a bit and maybe becomes paperless

Posted by Sharefisher > 2023-03-15 20:14 | Report Abuse

Financial crisis better... Cheap cheap sales..... How many times already.... Market every time also recover... Haha ha

Posted by RWG > 2023-03-15 20:34 | Report Abuse

pbb will be credit suise

Posted by SmallSexyPig > 2023-03-15 20:42 | Report Abuse

clearly it's the end of the world and we should now sell all our shares

Posted by ChloeTai > 2023-03-15 20:43 | Report Abuse

PPI is good. Prices rise very much lower than expected. Now Dow Jones futures rebound to -500.

Posted by RWG > 2023-03-15 21:01 | Report Abuse

https://www.fxstreet.com/news/fed-likely-to-hike-25-bps-next-week-mni-202303150639

Posted by RWG > 2023-03-15 21:02 | Report Abuse

fed will hike 25bps next week, more bank collapse, jpmorgan,bofa,well fargo all will collapse

Posted by cheeseburger > 2023-03-15 21:19 | Report Abuse

Credit Suisse issue is not new, already well known last round crisis. This just the last straw if happen. Anyway local bank will not get impacted much. Those with oversea bank account need careful if your money still there.

Posted by prudentinvestor > 2023-03-15 21:28 | Report Abuse

"pbb will be credit suise"
@RWG, don't waste time posting something that even you yourself don't believe would happen. Just tell us the probability of this happening.

Posted by smallrail > 2023-03-15 21:36 | Report Abuse

Tmr KLCI will drop another 15 point

Posted by searchingmoney > 2023-03-15 21:38 | Report Abuse

@ the time of writing,
https://www.msn.com/en-us/money/markets/dow-dives-over-600-points-as-credit-suisse-selloff-injects-fresh-unease-into-markets/ar-AA18EYJm

Posted by smallrail > 2023-03-15 21:45 | Report Abuse

KLCI 1382 already, will drop another 10 -20 sen

Posted by masterus > 2023-03-15 21:46 | Report Abuse

Credit Suisse shares tank over 30% after Saudi backer rules out further assistance

Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day.
Credit Suisse’s biggest backer, Saudi National Bank, has said it won’t provide further financial help for the bank.
Speaking to CNBC’s Hadley Gamble during a panel session in Riyadh on Wednesday morning, Credit Suisse Chairman Axel Lehmann declined to comment on whether his firm would need any sort of government assistance in the future.

Posted by 1invest1 > 2023-03-15 23:41 | Report Abuse

If cheap, cheap sales.
I too will BUY PBB & MBB.
Buy low, sell high

Posted by Income > 2023-03-16 04:26 | Report Abuse

Don’t buy paper…
Better buy Bitcoin la

Posted by masterus > 2023-03-16 05:23 | Report Abuse

FOREX-Credit Suisse woes knock euro, sterling, Swiss Franc

Posted by masterus > 2023-03-16 05:27 | Report Abuse

First Republic Bank was cut to junk by S&P Global Ratings and Fitch Ratings amid concern that clients will pull holdings from the lender, even after U.S. regulators pledged support for the banking sector.

The California-based bank’s credit rating was lowered to BB+ from A-, and it remains on credit watch negative, according to an S&P statement Wednesday. Shortly after, Fitch cut the bank to BB from A-, a step below the S&P rating, and placed it on a negative rating watch.

Posted by Sharefisher > 2023-03-16 07:06 | Report Abuse

Guys, remember to collect batch by batch.... Haha ha.... Long time no excitement for collection liao.....

Posted by nicholas99 > 2023-03-16 08:49 | Report Abuse

i have told credit suisse would have problem.. really coming now. first to know, first to react. :)

Posted by nicholas99 > 2023-03-16 08:52 | Report Abuse

UK, Japan also maybe next..

Posted by Sharefisher > 2023-03-16 09:10 | Report Abuse

Less panic this morning..... Haha ha.....

Posted by Sharefisher > 2023-03-16 09:23 | Report Abuse

Don't be surprised if close green today.... Haha ha.... UK lah? Japan kah? ...... No need to worry so far lah..... PBB is local solid bank, it will be deposited with a lot of money if Malaysia banks are in trouble. Haha ha....

Posted by alenac > 2023-03-16 09:35 | Report Abuse

Just after the revised budget a few weeks ago, we got a Malaysian minister dismissing that there will be a recession in Malaysia in 2023. Just a few days ago the aftershock of small US banks collapsing sending tremors in the world banking fraternity. Dow retreated another 280 points last night. More shockwaves to come, next will be European and third-world countries' banks or even sovereign default.

Posted by nicholas99 > 2023-03-16 09:39 | Report Abuse

the revised budget won't be able to help us if there is recession..
this government is too reactive.

The budget set on we are having 5% gdp growth this year. if we don't have 5%, they don't know what to do to achieve 5%. haha.. needs a seriously good group of malaysia economists to sit down and formulate a plan. few scenario and what courses we can take.

Posted by Jonathan Keung > 2023-03-16 09:53 | Report Abuse

PETRONAS = cash. Everyone is focusing on the oil company to support the economy. Revenue for 2022 375 Billion. Profit after tax 101 billion. Tax funding to government 40 billion { 2022 }

Posted by Sharefisher > 2023-03-16 09:55 | Report Abuse

White liao..... Green coming? Haha ha.....

Posted by nicholas99 > 2023-03-16 09:55 | Report Abuse

no use la. petronas cash all give to government.. government subsidy those B40 . lol.
egg price and sugar price all go up.
subsidize = no subsidize.

Posted by BobAxelrod33 > 2023-03-16 09:56 | Report Abuse

What is 40 Billion when the Deficit Budget is over 300 Billions?

Posted by Sharefisher > 2023-03-16 09:57 | Report Abuse

Solid bank will make money in whatever economy situation.... Go to study bank financial report lah...

Posted by Sharefisher > 2023-03-16 09:58 | Report Abuse

Ha ha ha..... Come on..... You guys talk so much also no use.... PBB is 1 cent down only now.

Posted by Sharefisher > 2023-03-16 09:59 | Report Abuse

Hope to see green by 5pm...actually 4.50pm....haha ha

Posted by xiaogumin88 > 2023-03-16 10:00 | Report Abuse

don't end so fast...need to collect more :)

Posted by EDwarrior > 2023-03-16 10:00 | Report Abuse

buy again lol. I think my money will finish soon.

Posted by Sharefisher > 2023-03-16 10:06 | Report Abuse

When worst case is here, share price already moves up lah... First day buy share ah? Haha ha

Posted by Sharefisher > 2023-03-16 10:12 | Report Abuse

Tolong lah.... Uncle sees too many times of this kind of situation lah..... You want to make more money, this is the risk that you must take.

Posted by cheeseburger > 2023-03-16 10:13 | Report Abuse

EPF non stop buying PBB.

Posted by tehka > 2023-03-16 10:18 | Report Abuse

yes bros... you must listen to uncle. Uncles here hold pbb share from year 2000 already make many millions. Many here want to be long term investor, but see problem come panic like end of world coming

Sharefisher

Tolong lah.... Uncle sees too many times of this kind of situation lah..... You want to make more money, this is the risk that you must take.

Posted by alenac > 2023-03-16 10:22 | Report Abuse

If SVB went down because of feds bond losses then almost every bank in the states holding losses in US bonds. The worst is yet to come. When there is low tide, all boats no matter how solid or big will lower. Simon Black is right. For those of you not aware that for the past 10 years, corporate America has been borrowing largely to finance its share buyback.

https://dinarchronicles.com/2023/03/13/simon-black-if-svb-is-insolvent-so-is-everyone-else/


Late last year I recorded a podcast explaining how the Fed was engineering a financial meltdown by raising interest rates so quickly, and they would have to choose between a rock and a hard place, i.e. higher inflation versus financial catastrophe.
This is the financial catastrophe, but it’s just getting started. Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. There will be other casualties– not just in banks, but money market funds, insurance companies, and even businesses.

Posted by xiaogumin88 > 2023-03-16 10:28 | Report Abuse

lot of B-Q, think won't drop again

Posted by alenac > 2023-03-16 10:30 | Report Abuse

You are right, those who invest using cash money, will have to take the risk and wait for the banks to recover. Just as those who invested in Armada for the last 5 to 10 years. We are talking about the timing of when to go in.
Sharefisher
Tolong lah.... Uncle sees too many times of this kind of situation lah..... You want to make more money, this is the risk that you must take.

Posted by pharker > 2023-03-16 10:36 | Report Abuse

In this environment strategy now is :-
Buy MBB, PBB, apply for IPO and keep some cash

Posted by cheeseburger > 2023-03-16 10:38 | Report Abuse

Swiss National Bank saves Credit Suisse with loan $50b...rich country got rich bank. No worry