Posted by Keyman188 > 2020-05-05 15:16 | Report Abuse

Bank Negara's Monetary Policy Committee has decided to cut OPR by 50bps to 2%

(theedgemarkets.com May 05, 2020 15:01 pm +08)


##https://www.theedgemarkets.com/article/bank-negaras-monetary-policy-committee-has-decided-cut-opr-50bps-2

Posted by pinnaclegrade > 2020-05-05 17:48 | Report Abuse

wonder if Public Bank can grow to RM20 + or even RM30 in 5 years time

Posted by limkokthye > 2020-05-05 22:50 | Report Abuse

tomorow public bank sure keong gan liao

Posted by limkokthye > 2020-05-05 22:51 | Report Abuse

i hope malaysia interest will be 0%

Posted by limkokthye > 2020-05-05 22:52 | Report Abuse

malaysia interest same as us or japan, near 0%

Posted by mf > 2020-05-05 22:56 |

Post removed.Why?

Posted by kt_invest > 2020-05-06 12:15 | Report Abuse

https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure

Public Bank has the highest exposure with HP loans making up 15.7 per cent or RM51.77 billion of its total outstanding loans as at end-2019.

Posted by Live4Tea > 2020-05-06 15:24 | Report Abuse

If high exposure to HP then sell. Otherwise this stock can hold or nibble if dips too much.

Posted by kt_invest > 2020-05-06 16:28 | Report Abuse

https://www.youtube.com/watch?v=ebsOR8JZnrk

Posted by RedEagle > 2020-05-06 19:09 | Report Abuse

The Board of Directors of MBSB has recommended a Single-Tier Final Dividend of 3.0 sen net per Ordinary Share for the financial year ended 31 December 2019 ("Proposed Dividend").

Based on the total number of ordinary shares issued of 6,713,401,615 as at 31 December 2019, the Proposed Dividend payable would be approximately RM201.4 million.

The Board of Directors has determined that the option to reinvest via the Dividend Reinvestment Plan ("DRP") shall apply to the entire portion of the Proposed Dividend. The approval for the Proposed Dividend will be sought at the coming Annual General Meeting.

Under DRP, shareholders will have the following options in respect of the electable portion:-

(a) elect to exercise the option and thereby reinvest the entire electable portion (or a part thereof) at the issue price of the new MBSB shares ("DRP Price") and to receive cash for the remaining portion of the dividend (in the event that only part of the electable portion is reinvested); or

(b) elect not to exercise the option to reinvest and thereby receive their entire dividend entitlement wholly in cash.

There will be no brokerage fees and other related transaction costs payable by shareholders on the new MBSB shares allotted pursuant to the DRP.

The Books Closure date in respect of the Proposed Dividend will be announced after the Annual General Meeting.

This announcement is dated 6 May 2020.

Posted by Addy > 2020-05-07 12:39 | Report Abuse

NPL up in this year

Posted by pinnaclegrade > 2020-05-07 13:05 | Report Abuse

Buy more

Posted by jlong23 > 2020-05-08 00:27 | Report Abuse

As funds decrease allocation to finance sector, PBB will still be the top choice for that sector. Defensive counter amongst finance sector.

Posted by tkl88 > 2020-05-09 08:23 | Report Abuse

Wow, Awesome !
Dow Jones closed at = > 24,331.32 (+455.43) (+1.91 %)

Posted by pinnaclegrade > 2020-05-09 12:20 | Report Abuse

Public Bank is still a moat in the banking industry

Posted by RainT > 2020-05-09 17:49 | Report Abuse

why this PBBANK not steep drop in share price due to OPR reduce ?

i want buy at mega sales

Posted by Nepo > 2020-05-10 19:37 | Report Abuse

May I know what is the acceptable buying price?

Posted by trader9918 > 2020-05-10 20:03 | Report Abuse

PBBANK no drop due to OPR reduce because it will not affect much to bank. they will reduce the fd rate and also blr rate...so the profit margin still the same. when blr rate drop, loan rate will also lower and will attract more borrowers. but it will still depend on how many people want to borrow money in this current economy ?
At current price, in one year drop from RM25 to RM12 and recover to RM15-RM16 now.. It will go up to above RM20 again depend on how fast the economy recovery. Still a good buy now.

Posted by masterus > 2020-05-11 21:07 | Report Abuse

Official data showed that Singapore's Retail Sales dropped 13.3% on year in March (-16.8% expected, -8.4% in February), the biggest decline since 1998.
Singapore's Official Purchasing Managers Index (PMI) fell to 44.7 in April (40.0 expected) from 45.4 in March.

Meanwhile, the IHS Markit Singapore PMI plunged to 28.1 in April from 33.3 in March.

Posted by cklimm > 2020-05-12 15:46 | Report Abuse

Those who asked for drop since OPR, now is the moment

Posted by pinnaclegrade > 2020-05-12 21:03 | Report Abuse

still waiting for the Q1 earning's report

Posted by VietnamCoffee126 > 2020-05-14 11:26 | Report Abuse

Go down again coming soon

Posted by masterus > 2020-05-14 22:57 | Report Abuse

So when Trump called for the Federal Reserve to to “accept the GIFT” of negative interest rates on Tuesday, a layman might have reasonably interpreted his proposal as the cockamamie fantasy of a certified crank. But the idea that America’s central bank should set benchmark interest rates below zero — which is to say, that it should start taxing the reserves of commercial banks instead of paying interest on them — is not peculiar to Trump. In fact, many respected economists believe that the U.S. should embrace the policy, which is already in effect in Europe and Japan. Further, as of earlier this week, Wall Street investors were betting that the Fed will bring interest rates below zero by mid-2021 in order to promote recovery from the coronavirus crisis.

Posted by biba > 2020-05-15 10:34 | Report Abuse

rebound

Posted by masterus > 2020-05-16 07:32 | Report Abuse

May 15, 2020 5:09 pm by James Politi and Kiran Stacey in Washington
The Trump administration has increased the pressure on Huawei by tightening export controls on the Chinese telecoms group and its suppliers, heightening tensions with Beijing that have flared during the coronavirus pandemic.

The US commerce department accused Huawei of continuing to use American technology in its semiconductor designs, despite having been subject to export controls since May 2019.

The move to close loopholes in those controls came at the end of a week in which the Trump administration prevented a government pension fund from investing in Chinese stocks and President Donald Trump suggested the US could “cut off the whole relationship” with China.

Posted by masterus > 2020-05-16 07:38 | Report Abuse

Australia is the most China-reliant economy in the developed world, leaving it vulnerable to blowback from Prime Minister Scott Morrison’s calls for an independent probe into the origins of the coronavirus.

Authorities in Beijing wasted little time responding. First, their ambassador warned Chinese citizens may no longer visit Down Under or choose it as the destination to educate their children. And this week, China announced an anti-dumping probe into barley exports and the suspension of meat imports from four Australian processing plants.

The big ticket items of iron ore, coal and natural gas that China needs to build and fuel its economy have so far remained unmentioned. But the barley and beef blows -- which authorities from both sides have sought to downplay -- can be interpreted as shots across the bow of Australia’s economy.

Posted by pinnaclegrade > 2020-05-16 22:05 | Report Abuse

https://www.theedgemarkets.com/article/bung-moktar-told-felcra-alp-rm150m-investment-trust-unit-recommended-finance-minister-%E2%80%94

Posted by Nepo > 2020-05-17 13:46 | Report Abuse

Latest news, Warren Buffett starts to sell banking stocks.

Hearsay US is going into negative interest rate era..

Posted by stockraider > 2020-05-17 14:56 | Report Abuse

Not true mah...YES warren buffet sell banking stock but then he buy into another banking stock loh...!!

Raider see just a rebalancing of his bank portfolio position mah..!!

Posted by smallbird9 > May 17, 2020 2:27 PM | Report Abuse

See what Warren Buffett did recently....He dumped Banking Stocks!! After sold Airlines Stocks, he sold Banking Stocks!!!!

After Airlines, Warren Buffett Is Preparing to Dump Bank Stocks
https://www.ccn.com/after-airlines-warren-buffett-preparing-dump-bank-...

Berkshire Sells Majority of Goldman Stake, Trims JPMorgan
https://www.bloomberg.com/news/articles/2020-05-15/buffett-s-berkshire...

Posted by Nepo > 2020-05-17 18:27 | Report Abuse

@stockraider
Warren rebalancing banking stocks? What bank stocks did he buy?

Posted by Nepo > 2020-05-18 05:22 | Report Abuse

@buffet3333,
Warren videos can't trust. Now he said one way and do another way. The classic examples are airline and banking stocks, he said ok to buy or hold, guess what... few days later he sold. I suspect he said like this for his own good sake..haha.

Posted by Nepo > 2020-05-18 08:42 | Report Abuse

@stockraider,
No prove don't play play said Warren rebalancing banking stocks, I suspect Warren afraids US Fed trying to implement negative interest rate..if it is, then banking stocks lausai..

Posted by trader9918 > 2020-05-18 08:52 | Report Abuse

EPF accquired 1.3 mill PBB again last friday... public bank will rebound this week..

Posted by stockraider > 2020-05-18 12:47 | Report Abuse

PNB Financial bought by buffet mah...!!

Posted by chongming > 2020-05-18 15:39 | Report Abuse

above 15.00 will forward 16.00

Posted by masterus > 2020-05-18 19:39 | Report Abuse

Negative interest rates are coming and investors will now be looking to bolster their portfolios to ‘get ahead of the curve and build wealth.

Rate options, which gauge monetary policy forecasts, implied on Monday a 23% likelihood that the key federal funds rate will drop below zero by the end of 2020, according to BofA Securities data.

Posted by masterus > 2020-05-18 19:40 | Report Abuse

It’s not just the US, the world’s largest economy, which is moving towards this scenario.

On Tuesday, the Deputy Governor of the Bank of England also suggested that the UK may be headed toward negative interest rates.

A new global era of negative interest rates would have been unimaginable even a few months ago. But this has now changed due to the coronavirus.

Posted by masterus > 2020-05-18 19:41 | Report Abuse

As central banks around the world grapple to control the economic impact, it can be reasonably expected that more and more of them will take a dramatic change of policy course and take rates to below zero - like their peers in Europe and Japan.

There is legitimate debate about the efficacy of negative interest rates on boosting economies.

Posted by Plantermen > 2020-05-19 12:09 | Report Abuse

Pbb drop like a rock { from $23+ till $ 15 +} 35% percentage worst performance against KLCi or Maybank

Posted by pinnaclegrade > 2020-05-19 17:12 | Report Abuse

feels like a very long downtrend

Posted by kl_guy > 2020-05-20 10:07 | Report Abuse

when will pbbank quarterly report out ?

Posted by kt_invest > 2020-05-20 16:20 | Report Abuse

https://www.theedgemarkets.com/article/another-opr-cut-july-likely-says-dbs-group

7 July OPR Meeting

Posted by masterus > 2020-05-21 11:12 | Report Abuse

If Malaysia reach 0%, exchange rate may fall to lowest in history and very large outflows of funds.

Posted by masterus > 2020-05-21 11:14 | Report Abuse

On that time, S$1 may worth RM4, Usd1 may worth RM5

Posted by masterus > 2020-05-21 11:17 | Report Abuse

Unless crude oil price skyrocketing largely to compensate the hole.

Posted by Keyman188 > 2020-05-21 14:45 | Report Abuse

well prepare for PBB coming since Maybank quarter result better than expected...

Posted by Keyman188 > 2020-05-21 14:48 | Report Abuse

One thing for sure PBB not involve any energy sector business if comparing Maybank....

Posted by Keyman188 > 2020-05-21 15:19 | Report Abuse

Coming....

Posted by germaice > 2020-05-21 15:43 | Report Abuse

In covid worst sector demand drop like commodities crude oil,oil palm,property,banking loan and tourism

Posted by germaice > 2020-05-21 15:43 | Report Abuse

New normal this sector healthcare,Internet based e-commerce , API mobile marketplace ,delivery services and video conference beneficiary from covid19