since you so smart, answer all 3 ratios lor. your whole investment decision based on 3 ratios? can u even explain on the 3 ratios as to how u conclude alliance is cheap?
Icon8888 is a typical trader, contrarian and gambler.
All the standard signs are there:
He is proud and egoistic when his stocks go up, violent and angry when his picks go down. But things like warrants with a fixed time value can do that to you, especially when it doesn't go your way.
He likes to criticize others and call names, and says he got standard.
He is a frequent liar, engineer one day, ex-banker the next, retiree another. The truth is, he might actually be a young guy, you never know.
He buys stocks while driving, one hand on the wheel the other hand frantically pressing buy button. He wrote it himself.
He showed his buy prices one day for stocks and deleted it soon after. I still have his record of prices and know how much he actually lost, if he still held the stocks.
Now that he is panicking, his attitude becomes so black you can drink it with a sugar.
>>>>>>>
Posted by Icon8888 > Feb 29, 2020 6:32 AM | Report Abuse
Stop posting on this forum until your standard improves
The problem with icon8888 is he is too lazy to do qualitative understanding of the long term business prospects of abmb and just buy because he thinks it is cheap. That is why I think he is a young chap. Too young to remember mbf finance and why I bought pb instead of all these yahoo banks.
There is a reason why they call it bank run, and bankrupt.
When you look at banks, you have to understand it qualitatively. What is the possibility of massive withdrawals happening? Has the bank made enough money from the "float" ( savings deposits, fixed deposit and central depository grants) to make enough money to survive during bad times?
When the default rate goes up, payments go down. Investors panic, and savings accounts get withdrawn. How many hits (impairments) can a bank take before it collapses, and what is the quality of those loans ( versus the deposits to the bank).
All he sees is what is infront of his nose. He only looks at the simple things, price to earnings, price to book value, share price, dividend.
None of those says anything about debt quality, loan impairments, savings deposit quality. Average loan rates.
Funny how a supposed "ex" banker cares more about dividends and price to book and pe and doesn't give a damn about the important stuff that was certainly a KPI if he was a senior banker. Impairments, customers, hire purchase, loans.
But then again, I think icon8888 is a keyboard warrior kid.
CI drop 100 pts since 31st Dec you got factor? OPR cut 25 basis point in Jan'20 how sure won't affect ABMB?
Posted by Icon8888 > Feb 29, 2020 6:34 AM | Report Abuse 8.7 Sen x 4 = 35 2.3 / .35 = 6.6 I don’t understand why so difficult to understand it is undervalued (shocked)
I have witnessed how Banks were whacked by the crisis, how their bad debts ballon, how they cleaned up, and most importantly, how during the worst of time, bank run is not a major issue
I also witnessed how the kerajaan brought in foreign Consultants to clean up and consolidate the sector
I also witnessed how kerajaan woke up to the important role banks played and hence their decision to groom and protect banks, to feed banks with fat margin through Low deposit rate and relatively high lending rate (Low deposit done through forex surplus)
If no need justify then just shut the fxxk up. Why keep writing so many articles to justify your purchase in abmb? Just dumb dumb shut up and buy la. Let your investing do your talking for you.
Or you want to justify to yourself that you did not buy another lctitan?
Guys, lets debate like gentlemen. Everybody have their points and views and no one is right all the time. In the stock market even old traders lose money. That's why this forum is important to me cos i can absorb the experience of others. Please stop the insults, thanks.
Guys, both sides have their stances. Icon holding his ground with cheap fundamentals ratios, and indeed its ratio is good. While philips and others is of the view that good fundamental ratios is not sufficient, it must be compared with other counter in the same field. Other than that, the counter must have a consistent eps growth rate.
I prefer the latter view. It is true that good fundamental provides a sense of security for most of the investor, but please be mindful that sometime when a fundamental is too cheap and there is no growth in the business, it might be a trap.
Most of the banking counter are indeed undervalued due to bank negara opr cutting and market sentiment caused by covid19, not to mention about the recent political turmoil. So by insisting a bank is undervalued is not a good stance anymore. U must look at its business model and also its profitability.
Now my two cents, i dont see any growth or potential growth in this counter. It might be true that it will recover and growth slowly over the years, but i would say it will take a much longer time compared to other counter, and this is not a smart investing move.
Please stay calm and analyse. Do notice that i didnt use any insulting words in this comment yet i managed to deliver my message clearly. Tq
dont come and talk about what you seen. There are plenty of dead weights (employees) in the banking sector. Whats the point of seeing it when you actually did nothing but only contribute to weigh on your organization further? only to get fired?
Witnessing events and having substance to contribute and withstand crises is 2 different ends of a matter.
you really expect growth? is this abmb's vision of wawasan 2020? to contribute lowest net profit since 2011? and now you still want to say its cheap? P/E is low and will continue to trend lower is because market isnt expecting the E, which is earnings to grow further in the future, hence the low P/E.
aiyooohhhh....so clever la this icon kindergarden boy...announcing to the world he knows how to multiply and divide , and calculate ratios. *clap clap* sooooo clever...
but when asked on how to justify, dont know how to explain the meaning behind the ratios. no comparison or analysis made.
just know how to CALCULATE RATIO WORRR....SOOO CLEVER LA THIS SOHAI.
Lose money? whos the one losing money now? Am i long in abmb?
Sometimes i don't understand why icon want to layan phillip so much.
Recently, Phillip also can even start arguing with kcchongnz and insulting him. Walau, the guy temperament like saint like that, also can fight with him, terror lah.
The only person i see not arguing with phillip, are people who like to jilat his "pacific rims".
Esp those people who are willing to ask the questions that will enable him to you,
"Young man, you shouldnt do it like that, follow me, i am the best and i am right" (elaborated over at minimum 400 more words)
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....
TA_trader
390 posts
Posted by TA_trader > 2020-02-28 22:58 | Report Abuse
annualized P/E of 8 cheap? do you even know what does P/E of 8 even mean? More so, its annualized, not full at the point of time.
DY? Maybank has higher DY
PBR? tell us your comparison on the PBR.
Sohai buying since 2.70 cry mother cry father, ownself curse own mother die, then blame others.
u think by throwing acronyms makes u smart when u cant even make a comparison and justfiy the ratios behind it.