anyone went to the seminar? can you share what Dato Lee presented?

Hey all. I'm quite interested in this stock. However, I can't seem to reason why has the stock price been declining (-23% YTD) whilst its operational stats has been improving considerably. The company appears to be in a much better position now as opposed to 3-5 years ago. Credit cost - 1.8% (vs. 6.1% FY14), NPL 4.1% (vs. 8.9% FY14), cost to income has been on a decline, ROAE high teens vs. single digits in previous years and good financing growth.

Furthermore, I don't think the 17,000 jobs axed would be a huge impact given the existing population size of civil servants. Additionally, high household debt although elevated remains well contained as reported by BNM.

I'm very confused, can any sifus care to shed some light on this?