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?
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....
speakup
25,060 posts
Posted by speakup > 2023-03-29 21:32 | Report Abuse
those wan to buy, give very low TP
those wan to sell, give very high TP