Staying at 9.08. @kancs3118 and @jenson68 (and others), your wish was granted today. Let's see how it unfolds tomorrow.

It shot up to 9.00 a moment ago. Now it lingers around 8.98 to 8.99. Someone is definitely pushing! And now back to 9.00!

Hahaha, the Calvin guy is gone, replaced by a Feng Shui master who seems to know everything-everyone at once, even the cleaners, with ears in every wall. I don't know what will replace the metaverse, but one thing's for sure, it will be someone even greater. Stay cool lah! The Extraordinary General Meeting is on November 28, 2024, received the email. The Q3 results should be announced around that date, and they should be good before the LPI acquisition. Hopeful lah!

Gamuda news: (November 7, 2024)
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[1] Proposed Bonus Issue of Up to 2,978,945,287 New Ordinary Shares In Gamuda ("Gamuda Share(s)" Or "Share(s)") ("Bonus Share(s)") on The Basis of 1 bonus share For Every 1 Existing Gamuda Share Held On An Entitlement Date To Be Determined And Announced Later ("Entitlement Date") ("Proposed Bonus Issue Of Shares") ==> this will decrease the share price

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[2] Renewal authority to buy back shares ==> this will increase the share price

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so, I think the fair price after "ex-date" should be lower than 4.00? Agree?

We're fighting against EPF. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) will start dispose shares. They may be (might be) a spoiler. My opinion only eh...

Hits 4.50 a moment ago, and KLCI ups about 20 points

Hi @calvintaneng, there are specific regulations in Malaysia that govern the recommendation of stocks (the rules are subtly complicated, you may read/research further yourself). Recently, stock recommendations by "experts" disappear from Saturday Star Paper, haven't you noticed. My humble "advice" is not to recommend any stock particularly in PBBANK forum. Furthermore, the stocks you recommended are from portfolio managers - we do not know what is their strategy. Stock's price is like FIAT money, it goes up and down daily, and who knows.... Let the forum members decide what to do with their PBBANK stocks, but cheerful news is generally welcome.

For the hopeful, since 26-06-2024, the stock price of PBBANK is uptrend: about price = 0.00768*day + 4.023674. So, if this trend continues, around September 23, the price "was" 4.50. This uptrend is independent of dividend/profit announcement. If the figures of the result are good, it can shoot up early. (Having said that, I have no plan to sell, so the numbers are meaningless for me.)

I think a paper by Lakonishok, Shleifer, and Vishny in 1992 has the almost complete description how institutional trading can impact stock prices, and therefore also describes the situation here: How KWSP milks your cows, sucks you dry, and after that pays their executives top ringgit, pays the KWSP's depositors a meager 5.5%. In short, KWSP needs investors like you to make money. What to do about it? Can someone here tells me?

KWSP is earning money from geniuses all over Malaysia who "invest" in share market. They're in buying spree lately. Some knuckleheaded geniuses here even suggested Pbbank's management is too old. Come on, that's why we invest in this bank, we want that conservatism, we don't want somebody like Sam Bankman-Fried run this bank. Do you know that at one time Sam Bankman-Fried's stint in a company held more capital than Pbbank? Do you know that at that time Sam Bankman-Fried put his accounting numbers in Excel sheets? KWSP needs a lot of us with misconceptions to make money - and after paying many percents to their executives, they still manage to put out 5.5% dividend. Where that money comes from?

The fluctuation of PBBANK shares has nothing to do with the bank, nor its dividend payout. Something to do with institutional players like KWSP/EPF. Look at the *Insider*. Example: On 29/2/2024, It disposed 7.7 million shares to pressure its price down to RM4.40 => Buy back in 5/3/2024 20 million share at RM4.32. They are gonna to do it until around ex date. If you keep the accounting, they would end up buying more in lower price, earn the dividend, then they they would start swing the price up, blah blah blah...

If we have enough "supporters" we can do something similar to "GameStop short squeeze." You know what I mean. But I ain't no support.

Bunch of geniuses here. Your good friend EPF/KWSP is the one earning money from your guys. Sell thousands, and sometimes millions, of PBBANK to pressure the price down, and when the price lowers to their target, buy back big time in many thousands or millions of shares. Earn dividend in the process as well. PBBANK and MAYBANK are two of their favorite golden geese, at your expense, of course. Why not just put your money back to KWSP if you want to go against EPF (no pun intended :).