Washington CNN — The White House and House Republicans have an agreement in principle on a deal to raise the debt ceiling for two years and cap spending, House Speaker Kevin McCarthy confirmed Saturday, moving the nation one step back from the brink of a historic default.
The agreement in principle was reached by President Joe Biden and McCarthy during a phone call Saturday, a source familiar with their call said. Now both leaders face the tall task of selling the deal to their allies in both chambers of Congress, where Republicans control the House and Democrats control the Senate. The deal must get passed before June 5 – the crucial date when Treasury Secretary Janet Yellen says the US will no longer be able to pay its bills. - cnn.com - Updated 10:49 PM EDT, Sat May 27, 2023
IMO, given the anticipation of a potential interest rate hike in the US and the current state of US banks, a promising opportunity presents itself for Malaysian banks.
PE ratio: ABMB 7.88 Ambank 7.12 CIMB 10.79 HLB 12.43 Maybank 13.24 PBB 13.43 RHB 8.67
DY %: ABMB 6.4 Ambank 4.9 CIMB 4.6 HLB 3.0 Maybank 6.4 PBB 4.0 RHB 7.1 If only based on PE ratio and dividend yield Alliance Bank and RHB Bank are the most undervalued for the time being.
PE ratio: ABMB 7.83 Ambank 7.12 CIMB 11.0 HLB 10.73 Maybank 13.30 PBB 13.46 RHB 8.73
DY %: ABMB 6.4 Ambank 4.9 CIMB 4.5 HLB 3.0 Maybank 6.38 PBB 4.0 RHB 7.1 If only based on profit earning ratio and dividend yield, Alliance Bank and RHB Bank are the most undervalued bank stocks for the time being.
BNM will release OPR at 3.00pm today. Will there be any changes that can affect the market in the afternoon, especially the banking and property sectors?
Alliance Bank is the smallest Bursa Malaysia bank. While smaller than Affin Bank, its performance as measured by the ROE is far better than that of Affin. https://www.youtube.com/watch?v=4W7Lnw_hT0w When you look at the ROE trend of Alliance, you can see that it had recovered from the Covid-19 years and overtaken its pre-Covid-19 peak But the market price has yet to reflect the better performance. https://i.postimg.cc/fyVxJQ5N/Alliance-bank.png Does the market know something that I don’t or it it merely being irrational?
It used to be 2nd smallest, but since affin bank in the news, esp with sarawak acquisition, the share price has rallied, when i started investing in bursa last year, i wanted exposure to banking sector, so i chose 1 big bank and 1 small bank, for big bank i chose public as it is a safe option with very good ROE but valuation is higher but still reasonable, for small bank, it was between affin and ABMB, for me ABMB is the obvious choice, cos AFFIN prev majority shareholder is LTAT, they have 4 main ventures, AFFIN, BPLANT, PHARMA and BHIC, the latter 2 is PN17, 1 needed bailout from gov, the other has monopoly on medicine supply to KKM but still cant be profitable #onlyinmsia, 1 ady sold to LTAT after some issues with KLK, so LTAT dont have the best track record, ABMB undemanding valuation, good dividend yield of ~6%, focus on future SME and green financing, and decent management was the choice for me. The thing about MY banks is they are very safe, therefore cant expect too much growth, but still decent returns, i believe once the hype with affin is over, funds might turn their attention to ABMB, provided they can show good results
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
StartOfTheBull
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Posted by StartOfTheBull > 2023-05-28 13:38 | Report Abuse
Washington
CNN
—
The White House and House Republicans have an agreement in principle on a deal to raise the debt ceiling for two years and cap spending, House Speaker Kevin McCarthy confirmed Saturday, moving the nation one step back from the brink of a historic default.
The agreement in principle was reached by President Joe Biden and McCarthy during a phone call Saturday, a source familiar with their call said. Now both leaders face the tall task of selling the deal to their allies in both chambers of Congress, where Republicans control the House and Democrats control the Senate. The deal must get passed before June 5 – the crucial date when Treasury Secretary Janet Yellen says the US will no longer be able to pay its bills.
- cnn.com -
Updated 10:49 PM EDT, Sat May 27, 2023