MALAYAN BANKING BHD
KLSE (MYR): MAYBANK (1155)
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Last Price
10.06
Today's Change
-0.04 (0.40%)
Day's Change
10.04 - 10.12
Trading Volume
7,268,000
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
38 people like this. Showing 50 of 22,896 comments
Broken 52 wk high.....very bullish sign....
....global fund buy DBS first....will come to this one later.
2 weeks ago
Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”
Shares of DBS Group Holdings Ltd climbed 2.3% and Oversea-Chinese Banking Corp added 1.2%, with both extending record highs. United Overseas Bank Ltd rose 2% to its highest level in more than two years.
While higher interest rates help banks’ profitability, they can also translate into capital returns for shareholders “as the sector has capacity to improve already very attractive dividend yields,” Horchani said.
The 12-month projected dividend yield for OCBC was 5.6% compared with about 4.3% for the MSCI Asia Pacific Financials gauge, according to data compiled by Bloomberg. Singapore banks are set to report results early next month.
2 weeks ago
New madani government leads the country, $12 is possible..
Old corruption government leads the country, $7 is possible
We are in the right path to $12 or higher because our economy is expanding
2 weeks ago
MAYBANK] Change In Substantial Shareholder's Shareholding - AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA on 04-Jul-2024
Stock
[MAYBANK]: MALAYAN BANKING BHD
Announcement Date
04-Jul-2024
Director's Particular:
Name
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
Details of Changes:
Currency
-
Date of Change Type Number of Shares
02-Jul-2024 Acquired 25,000,000
Registered Name
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
Nature of Interest
Direct Interest
Nature Interest
Direct Interest
Shares
ORDINARY SHARES
Reason
PURCHASE OF SHARES
Total no of securities after change:
Direct (units)
3,748,349,593
Direct (%)
31.06
Indirect (units)
0
Indirect (%)
0.00
Total (units)
3,748,349,593
Total (%)
31.06
Date of Notice
02-Jul-2024
2 weeks ago
Amanah bought 25mils shares in a go...
It cost 250mils ringgit...
We can see national team continuing support local market in full swing
2 weeks ago
RM 6.65? How you came up with that figure? RM 6.65 after bonus issue ke?
2 weeks ago
I think bonus maybe another option 1 for 1...
Long time didn't see cheap price Maybank
2 weeks ago
Wah.. very good. I stopped monitoring and suddenly Harimau closed at 10.10.. Wonder if the goodie bag in September like Xmas coming early. So glad I sold off my ASM and bought Harimau earlier this year. Congrats to all Tiger lovers.. our conviction finally paid off.. niceee
2 weeks ago
https://theedgemalaysia.com/node/718275
CGS has adjusted its forecasts, raising projected dividends per share by approximately 16.6% to 62 sen-67 sen for FY2024-FY2026, and increasing its dividend discount model-based target price from RM10.60 to RM11.20 for Maybank.
1 week ago
https://www.freemalaysiatoday.com/category/business/2024/07/10/singapore-stock-benchmark-heads-for-2018-high-on-earnings-hopes/
Mapletree Pan Asia Commercial Trust and DBS Group Holdings Ltd were among the biggest gainers on the gauge.
Shares of major banks have risen to record highs in recent weeks amid optimism over dividend payouts as higher interest rates help profitability. Local firms are expected to start reporting second quarter results starting end of July.
1 week ago
Wow.. Harimau seems to be holding steady above the RM10 mark. Guess market anticipating the bank to meet its goals
1 week ago
https://theedgemalaysia.com/node/718568
"People are warming up to Malaysia and asking where they should invest," he added.
Malaysia, which had fallen off the radar for many foreign investors, is now attracting attention once again.
"Foreign investors are taking baby steps and putting money in," he said, although the foreign ownership level remains at only 19%, not yet peaking at the 35% to 40% levels.
Rajiv said JPMorgan’s upgrade reflects a combination of economic growth, effective policy implementation and improving governance, making Malaysia a more promising investment destination.
1 week ago
I believe the Saudi's decision to not renew the 50 year Petro Dollar agreement and Malaysia's intention to join BRICS nation and hence less affected by the USD is a contributory effect to Malaysia prospects as well. Among other things, the unstable geopolitical scene has somewhat benefited Malaysia in the semiconductor field and the current reforms a move in the right sector. Another plus point is that the KLCI is in low 1600 points, still room to improve to at least mid 1600 mark. As long as no more huge financial scandals, unforeseen calamities and no sudden economic policies to shake up the market, I think the only way for the market is upwards.
1 week ago
https://theedgemalaysia.com/node/718568
Malaysia is starting to sail again…
KUALA LUMPUR (July 11): After almost six years of maintaining an "underweight" rating on Malaysia, JP Morgan has upgraded its stance on the country to "neutral", according to a recent CNBC interview with Rajiv Batra, its head of Asia-Pacific (ex-Japan/China) equity strategy.
The decision was driven by several key factors, including policy reforms, data-centred investments, and a significant infrastructure buildout.
Malaysia is recording a 4.2% gross domestic product (GDP) growth in the first quarter of this year, and earnings growth tracking around 10% to 11%.
Foreign money is coming back to Malaysia
Malaysia, which had fallen off the radar for many foreign investors, is now attracting attention once again. "We suffered (US$)7 billion outflows in Asean equities this year. Malaysia started with around (US$)150 (million) to (US$)160 million outflows in the first quarter but saw a return of (US$)200 million in the second quarter,"
The changing perception among international investors is evident, as Malaysia has seen foreign investors returning after initial outflows. Notably, year-to-date, the bellwether index FBMKLCI has gained 11%, while FBM70 is up 28%.
Meanwhile, the ringgit has strengthened more than 2% against the US dollar from its over two-decade low in February. "People are warming up to Malaysia and asking where they should invest.
One reason for this renewed interest is Malaysia’s potential as a technology hub. "Foreign money is starting to come back to Malaysia," noting the interest in sectors like chip packaging in Penang, data centres, electric vehicles (EVs), green energy and solar projects. Foreign investors are recognising the multiple themes and sectors that Malaysia has to offer.
Considering Malaysia’s substantial market capitalisation, comparable to Singapore, Indonesia and Thailand, it is becoming a more attractive destination for foreign investment. "Foreign investors are taking baby steps and putting money in," …although the foreign ownership level remains at only 19%, not yet peaking at the 35% to 40% levels.
JP Morgan’s upgrade reflects a combination of economic growth, effective policy implementation and improving governance, making Malaysia a more promising investment destination.
1 week ago
What's the best entry price? I don't hold any MBB shares yet so thinking of entering but 10 seems too high. Do y'all think there will be a correction soon?
1 week ago
@newbiedoobie, there is no best entry price. There is no too high, there is always higher. There is no too low, there is always lower. Even there is correction, the price won’t drop too much as MBB will announce their next dividend soon.
1 week ago
Walaoeh, what happend ?
Super damn hot man Maybank today !
Now Maybank was traded at @RM10.18 (+0.14) (+1.4 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Closed at new High
....and volume traded 16m shares is 60% higher than 4 wk avg volume of 10m
....next wave up start already :)
1 week ago
@newbiedoobie
You need to understand first what sort of investor are you? Are you in it for the short term or are you into long play? Secondly you need to look at MBB past 10-year trend and see which is the highest price it ever achieve (RM11.08 in 7 May 2018) and research why during that period it was high. Will the reason causing it to increase to that high can ever repeat itself? Next look at the DY % - for me, as long as it is higher that and savings fund returns you can get, then it is a no brainer. You age will certainly be a consideration in this. If you are about to retire and want to build a sustainable, consistent return for your monthly expenses, then consider whether Harimau meet your needs, assuming an average annual dividend rate of RM0.60 sens per share, ceterus paribus, that would be your answer. Hope this gives you an idea on how to consider when to go in.
6 days ago
Be patience, why jump aboard a over crowded ship? Ignore the upside. Nothing goes up forever. Retailer mindset is safe entry. Only investment funds are active buying at this price. Of course those who bought cheap encourage to enter now cause they have nothing to lose. But will they top up at this price????? I don't think so
5 days ago
Maybank will drop the DRIP plan if the stock price is high because they knew the take up rate is low
5 days ago
I personally think now is not good entry price. Dividend rate already dropped below 6% at RM10 stock price. Dividend not as attractive as previously. Only those who bought at 7 to 8 are considered save buy. In fact Public Bank, Alliance and RHB bank valuation looks attractive compared to Maybank. Even cimb are cheaper
5 days ago
Before Pakatan Harapan, MAYBANK worth only 6.10,and now after Pakatan Harapan became Government, MAYBANK worth more than 10.00
5 days ago
https://theedgemalaysia.com/node/719313
It is estimated that the top six GLICs collectively manage close to RM1.9 trillion. Assuming 10% to 15% of this amount is invested in foreign equities, a 10% "clawback" of the foreign portion could bring approximately RM20 billion to RM30 billion back into the local market, Yee said.
5 days ago
https://theedgemalaysia.com/node/719313
Rakuten equity research vice-president Thong Pak Leng named RHB Bank Bhd (KL:RHBBANK), Malayan Banking Bhd (KL:MAYBANK), CIMB Group Holdings Bhd (KL:CIMB) and Alliance Bank Malaysia Bhd (KL:ABMB) as its top picks in the banking sector for their solid dividend yields, and Hong Leong Bank Bhd (KL:HLBANK) and Public Bank Bhd (KL:PBBANK) for potential upsides.
“We continue to like the banks given their strong fundamentals, dividend yields and earnings growth. Loan growth this year is projected to be solid, within the 5.5%-6.0% range, while net interest margins will remain stable for the year, amid a more stable interest rate regime,” he said.
5 days ago
@Tedinvestor, me too. Once Maybank announces its dividend, the share price will increase further.
4 days ago
Bursa to deliver strong 2Q results as trading activity surges — CGS
By Ishra Kamiso / theedgemalaysia.com
19 Jul 2024, 01:17 pm
KUALA LUMPUR (July 19): Bursa Malaysia Bhd (KL:BURSA) may report an 8.2% year-on-year (y-o-y) growth in net profit for the second quarter ended June 30, 2024 (2QFY2024), thanks to robust trading activity in the capital market, CGS International said.
Quarterly net profit will probably come in at RM82.5 million, lifting first-half earnings to RM157.5 million, according to CGS in a results preview note. That would be above market expectations, accounting for 55% of the Bloomberg consensus full-year estimate, it noted.
If the write-back in sales and service tax recorded in 2QFY2023 is excluded, net profit would have been 71% higher in 2QFY2024, CGS flagged. Bursa is scheduled to announce the results by month end.
“Bursa is a key beneficiary of the pickup in trading activity in the capital market,” CGS said. The house raised its target price to RM11.10 from RM8.70, and kept the stock on an ‘add’ call, equivalent to a ‘buy’ recommendation.
The average daily trading value of the equity market more than doubled y-o-y to RM3.62 billion in 2QFY2024. In the derivatives market, the daily average rose nearly 10% to 85,600 contracts.
Income generated from the equity market accounted for 48.4% of Bursa’s 1QFY2024 revenue, while derivatives made up 14.1%.
“In addition, we are encouraged to observe an across-the-board increase in trading activity of all major types of investors in Malaysia’s equity market,” CGS said.
The forecast for 2QFY2024 also took into account 'flattish' other income — including fees for listings, depository services, market data, member services and connectivity, conferences and exhibition-related income — CGS said. All in, The research house raised its FY2024-FY2026 earnings per share forecasts by 17%.
For FY2024, CGS is calling for a net profit of RM303.8 million, or 38 sen per share, above the consensus estimate of 35.9 sen per share.
Shares in Bursa have climbed 43% so far this year, thanks to the surge in trading activity and a slew of initial public offerings, while analysts remain bullish on the stock. A majority of 10 out of 15 research houses covering the counter have a ‘buy’ call, while the rest have ‘hold’ ratings, according to Bloomberg.
The stock has also blown past the consensus 12-month target price of RM9.25, and was trading at RM9.89 at Friday's noon trading break.
3 days ago
KUALA LUMPUR (July 19): Economists are mostly maintaining their 2024 economic growth forecast for Malaysia after the official advance estimate showed a faster than expected growth for the second quarter (2Q).
The Department of Statistics Malaysia reported on Friday that the gross domestic product (GDP) is estimated to have grown 5.8% in April to June compared to the same period last year, driven by consumer spending and exports.
This is the biggest rise in six quarters, and compares to the median 4.7% expansion predicted in a Bloomberg survey. In the first quarter, the economy grew 4.2% year-on-year.
UOB Global Economics & Markets Research, noting that the advance 2Q estimate surpassed its own projection of 4.6% for the quarter, said it will revisit its forecast for the full year when the final 2Q number is released on Aug 16.
"With average GDP growth of 5% in 1H2024 and a continuation of year-ago lower base of comparison in 2H2024, there is upside risk to our full-year GDP growth forecast of 4.6% for 2024 (BNM est: 4-5%, 2023: 3.6%)," it said in a note.
“The ongoing global tech upcycle, higher tourist arrivals and spending, continued investment flows and implementation of catalytic initiatives under the national master plans remain key growth catalysts amid lingering external uncertainties,” it added.
1 day ago
https://www.nst.com.my/business/corporate/2024/07/1080092/bursa-hits-three-year-high-foreign-investors-return
The top three net buys by foreign investors were Malayan Banking Bhd, CIMB Group Holdings Bhd and Tenaga Nasional Bhd (TNB), while YTL Power International Bhd, RHB Bank Bhd and Hong Leong Bank Bhd were among the top three net sells by foreign investors.
Local institutional investors focused their net selling in the financial services and construction sectors, with Maybank, CIMB and TNB among their top sells.
22 minutes ago
EPF took profit when FF bought....when market corrects, they will buy back at lower level...
....trading for profit and at the same time making the trade to be less volatile
18 minutes ago
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https://theedgemalaysia.com/node/717760
(July 3): Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.
“Clients are rotating to play the higher-for-longer interest rate theme. The banks are big beneficiaries,” said Tareck Horchani, head of prime brokerage dealing at Maybank Securities Pte. “Over the past two days, we have been actively purchasing shares for global funds and regional asset managers.”
2 weeks ago