PunTatBerSiul, when you post something which has no basis whatsoever and only an ignorant person would be taken in, be prepared for unkind retorts. At least an unkind retort is much better than suspension.
RM8 also wait until my neck broken d. RM5.80, July 2122? Actually, RM20 also not far in future based on the same concept. In other words, this kind of predictions are meaningless. No need to waste more time to respond to the RM5.80. Or, just treat it as an entertainment.
"5.80 is just another 3.00 down from current level. It's realistic." It is not realistic because you were only making a wild guess. Maybank needs to drop about 33% from today's level to reach RM5.80. Assuming all the other component counters of KLCI also drop by the same margin (some with high PEs like IHH and P Metal may drop more), the KLCI should drop to around 950 points. Over 90% of the counters listed on Bursa would fall much more seriously than Maybank. Only a very severe recession would result in such a situation. We will be in deep trouble.
@KY "Mild recession? 20% crash only? Haha" Did I write it would only crash by 20% or it would crash by another 20%? Read my post again. Which Malaysian bank stock dropped by over 90% during the world financial crisis of 2008/2009? Citibank fell by over 95%, Wells Fargo by over 90%. Sharp falls in the US banks you mentioned could be due to investors losing faith in the banks. Compare to the 2008/2009 lows, the Dow and the S&P are still more than 300% up, the Nasdaq is still 10 times higher. Why should Maybank mirror the performance of US banks?
The Edge editorial team wants you to gamble your hard earned money at a casino that foreign funds have fled. Sycophants of 20th century legacy system. Retail players who read The Edge & follow this are picking up nickels in front of a steamroller.
Institusi tempatan semuanya bergelumang dengan najis dan berada dalam keadaan haru biru. Banyak sangat kaunter tempatan yang kononya harapan negara dan rakyat, perlu di beri rawatan kecemasan bekalan bantuan hidup.
"Maka, RM 5.80 adalah hakikat." To reach RM5.80 a share, Maybank has to drop by another 33% from today's level. Assuming the other component stocks of KLCI also drop by the same margin (some with higher PEs may drop more), the Index may drop to around 950 points. All other stocks listed on Bursa would be badly battered. We should be in bad recession,1US$ could be worth RM5, 1Sing$ could be worth RM4. Just use a little bit of your brain to think.
To all Maybank detractors, just name me another counter listed on Bursa Malaysia which has a PE of around 12, a dividend yield of over 6% and which has consistently paid dividend of over 55 sen a share for over a decade. Cowards if you can't.
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....