So their boys and girls they can play play the shares.

In 2019 it was announced on the 14th Aug and was 32c. a share. In 2020 it was announced on the 15th August and was 33c a share. Since then in January 2021there has been a share split 4 announced 1 share became 5 shares. So 2019 was equal to 6.4 cents and 2020 it was equal to was 6.6 cents equivalent per share. 2020 and 2021 the dividend was 14th and 15th. So this year its late, maybe its due to super extravagant executives pay that they need to drag payment of dividends to shareholders. .

re IinvestI, sorry you are wrong, they are not the owners, the shareholders are the owners. If they wanted to be the owners and do as they like then they should not have sold shares in the bank to the public. Having sold shares to the public, even though they retained majority interest they have a duty of care to protect and look after the interest of all shareholders equally. They are certainly not entitled to loot the company. We the shareholders, no matter how small, have a right as minority shareholders to hold the controlling shareholders and all the Directors accountable. Having a controlling position puts a serious legal onus on them to protect minority shareholders. If they fail to do so, and are acting in their own interests at the expense of the minorities they do so at their peril.

Public Bank staff are not so good because they are underpaid, except for the boss's and their so called advisors who are grossly overpaid. Shak Chee Hoi's got paid 38.1 Millions, (four times Maybank's CEOs salary) and his advisor Tan Sri Dato’ Sri Dr. Teh Hong Piow was paid 20 millions which twice as much as Maybank pays their CEO Datuk Abdul Rahman Ahman.
Yes I repeat I know, but folks if we don't scream at them next year they will increase their looting.

To put it into perspective; Maybank's CEO Datuk Abdul Farid got 9.4 millions, CIMBs CEO Datuk Abdul Rahman Ahman got 2.4 millions, Alliance Bank 's CEO got 9.5 millions (which is also to much). AMMBs Chairman got 1.71 millions.
According to Shak Chee Hoi, our Public Banks Shak Chee Hoi's got paid 38.1 Millions, which is four times Maybank's CEOs salary! And for that his advisor Tan Sri Dato’ Sri Dr. Teh Hong Piow was paid 20 millions (over twice as much as Maybank pays their CEO Datuk Abdul Rahman Ahman) to hold his hand.
If Shak Chee Hoi is such incredible genius that he should be paid four times Maybank's CEO, why do we need to pay a further 20 millions for his friend to advise him and hold his hand?

Assuming one works six days a week every week of the year and never ever takes a holiday, that's 312 work days. RM 38,100,000 = RM 122,115 ringgit a day. That's an obscene amount in Malaysia. Yes he is a shareholder, and he gets his dividends for that.
Lets hope he rewards shareholders obscenely for their vital contribution of providing the capital for the company. I guess we will find out tonight or soon when the dividend is announced.

High salary is fine if ta company is profitable, however obscene is not, that is simply ripping off minority shareholders.

Q2 dividend announcement was due today, now late.

I'm keen to see if the dividend (now late) is going to be as blindingly spectacular in generosity as the above Director remunerations.

I noted from the notes of 2021 Public Bank AGM by Shak Chee Hoi as quoted above :- Item 4. A number of shareholders were concerned about the directors’ high remunerations. Tay was the second highest-paid CEO among listed companies in Malaysia. In 2020, Tay’s remuneration increased from RM35.6 million in 2019 to RM38.1 million while Tan Sri Dato’ Sri Dr. Teh Hong Piow was paid RM20 million for his advisory role in the company in 2020 (compared to RM40.9 million in 2018).

Relentless volume selling by EPF is driving the price down south.

Tenaga report is due at the end of the month, then we can judge if EPF has been selling because its been given information the rest of us don't get. I'm sure that's not the case, we all know how honest the Govt is in its share market dealings.

While Frogs all fight trying to win get out of jail free cards investors have to suffer, sad fact of life.

Re: Ipalani49. You are absolutely right.

If you had bought Tenaga for 14.40 in Aug 2016 you would have received a total of 3.206 in dividends since then, so your net cost after crediting dividends would be 11.19 today. You have lost your shirt, at todays price of 9.67 you have lost 1.52 a share, not to mention loss of capital value thru inflation say 5 years at 3% per annum, say 15% or 2.16 and also less brokers fees etc.

If you have put you money on FD at that time you would have got 4.25% for 5 year FD. your 14.40 would earned 3.06 so your 14.40 would now be worth 17.46 (excluding compounding). Instead its worth 9.67 a loss of 7.79 a share. Sad but true.

But if you buy now at 9.67 who is to say what it will be worth in 5 years time?

EPF is also selling blue chip counters like Tenaga, Maybank etc etc. Maybe like most foreign funds EPF is abandoning Malaysia and shifting its investments offshore due to no faith in Malaysian Government. Certainly EPFs heavy and relentless selling has had a huge impact on the market value of most of the large companies shares in Malaysia over the last couple of months.

8.18% Dividend yield, for a blue chip stock! Crazy cheap stock.

Dividend out tomorrow, from today many will use the money coming in to buy more Top Glove to average down. Tan Sri may also spend his 380 million Dividend payment to support (watch change in Directors shareholding how much of his 380 million he is willing to support). This buying support may only last a few days as Dividends are spent.

If you compare the Capital value of Malaysian glove manufactures, you will note Top Glove is still the most expensive in terms of Capital value to Production Capacity. From this you can see Top Gloves shares look expensive still. They would need to drop to about 2.00 per share to be 20c Cap value for each glove and then they would be in the same value to Production Capacity as some others.

Top Glove Glove Production 100 Bil, Market Cap 34,Bil = about 35c cap value for each glove
Kossan Glove Production 28,Bil, Market Cap 8.3 Bil = about 30c Cap Value for each glove
Supermax Glove Production 43,Bil, Market Cap 9, Bil = about 21c Cap value for each glove
Rubberlex Glove Production 2.5 Bil, Market Cap 7.2,Mil = about 29c Cap Value for each glove
Careplus Glove Production 4.8 Bil Market Cap 920 Mil = about 19c Cap value for each glove
Comfort Glove Production 6.8 Bil Market Cap 1.1 Bil = about 17c Cap value for each glove

Analysts work for their Bank. The Boss sure has an interest to see the price of certain shares go up or down depending in if they are invested or have shorted.
You don't pay them, so why would you trust their sales talk.

Top Glove Glove Production 100 Bil, Market Cap 34,Bil = about 35c cap value for each glove
Kossan Glove Production 28,Bil, Market Cap 8.3 Bil = about 30c Cap Value for each glove
Supermax Glove Production 43,Bil, Market Cap 9, Bil = about 21c Cap value for each glove
Rubberlex Glove Production 2.5 Bil, Market Cap 7.2,Mil = about 29c Cap Value for each glove
Careplus Glove Production 4.8 Bil Market Cap 920 Mil = about 19c Cap value for each glove
Comfort Glove Production 6.8 Bil Market Cap 1.1 Bil = about 17c Cap value for each glove

A blue chip with over 8% Div yield. This is a cheap share. Buy.

PBs next Dividend is due for payment in September. Last September it was 33 cents a share.

All the bad news, horribleness and nasty talk to drive the share prices down will have difficulty overcoming this shares very high dividend yields. I think buying a few is not a bad punt at this price.

SD are on a sharp spike that they built themselves. It is a clearly very painful experience for them. It will be interesting to see how, or if they get off it.

EY has been appointed subject to them getting PWCs papers and assistance. Do you seriously thing PWC is going to hand over its papers and assist when they are being sued. Good luck with that!
Even if they felt so inclined, PWC would require an iron clad, wide ranging, absolute and howsoever indemnity that anything they provided would not be used against them in any action by SD.
If SD gives them that they can kiss goodbye to their hopeless lawsuit.

Who is going to sign off on the Audited Accounts?
Not PWC they have resigned.
Not EY they have only only been commissioned to fact check the items of concern to PWC.
No Audited Accounts KLSE must suspend.
Be warned.

Moratorium, Interest deferred its not free. So bottom line will be slightly affected due to slow cash flow, but it will not affect NTA, or even P&L much.

Interest deferred it not free. So bottom line will be slightly affected due to slow cash flow, but it will not affect NTA, or even P&L much.

Interest deferred it not free. So bottom line will be slightly affected due to slow cash flow, but it will not affect NTA, or even P&L much.

The interest will be deferred, not free.

Market paying a price for Zarfrul confusing words. (What does he mean "extended" is he talking about extending the current banks being helpful to the poor sods who cant meet their obligations, or is he talking about to a reintroduction of the free money for everyone at the banks shareholders expense?)

No rebate, more profit. But to be fair the rebate has been in place for a long time already so should not have any negative effects on current bottom line levels.
Eventually when the rebates are lifted, the bottom line will improve. Future growth in profits to look forward to.

Steady Punpipi, beware, you cannot trust their profit statement. You cannot rely on anything SD says.
The Auditors refused to accept, it finding billions in sales and receivables could not be substantiated and may be fictitious. Cooked books?
They may in fact have no real business in the middle east, it may all be a big con to pump the books so the could raise more money, which they have. They raised hundreds of millions!
Seems the Auditors were so concerned they red flag and report SD. Something they don't do lightly.

Finance Minister should be very clear when making statements. Confusion, dump banks stocks or not? Dump and play safe?

Finance Minister should be very clear when making statements. Confusion, dump banks stocks or not? Dump and play safe?

What does he mean "extended" is he talking about extending the current banks being helpful to the poor sods who cant meet their obligations, or is he talking about to a reintroduction of the free money for everyone at the banks shareholders expense?

https://www.malaymail.com/news/malaysia/2021/06/27/finance-minister-time-is-right-to-extend-epf-withdrawal-scheme-loan-morator/1985365

What does he mean "extended" is he talking about extending the current banks being helpful to the poor sods who cant meet their obligations, or is he talking about to a reintroduction of the free money for everyone at the banks shareholders expense?

Big shots don't use brokers margin accounts, that's to expensive and the brokers are not big enough to take that kind of single client exposure. Big Shots instead lodge shares with their banks as security for commercial loans. But like brokers, banks must call for top up of security if the shares being held fall below safe lending limits. If client cannot top up with cash or more shares, then the bank must sell the shares they hold to mitigate their risk or losses.

DATUK ABDUL KADIER SAHIB according to disclosures holds close to 603 million shares @ 1.61 a share they were worth about 970 million. At 41c they are now worth about 250 million. Simple math that's a drop in market value of about 75% or a loss of 723 million of their face value.

My guess bankers will be very very nervous. So beware of the banks that are trying to promote SB share price with high Target Prices and reconditions to buy. They maybe trying to drive the share price up to save their own skin.

If the price continues to slide, which I think is highly likely, then any bank that has lent money on SB shares must start heavy margin calls. As one of SDs directors has already admitted his bank has already done so and he was forced to sell shares.

The fragile market for SD shares cannot hope to absorb very large quantities of additional shares being sold at must sell price, in addition to EPFs unloading.

uncle ConYY. To answer your question in my view you need to get out, cut loss and buy a share likely to go up, not down.

https://www.thestar.com.my/business/business-news/2021/06/25/four-serba-dinamik-independent-directors-resign

The five independent non-exec Directors resigned today. if you have not cut loss already... sorry la.

Sept last year PB paid 33c a share div. PB doing well so hope for the same or better this year.

Dividend yield 15.3%! Production ramp up. Although profit per glove will drop, the increased production should make up the difference. Even if Dividends drop by 1/3rd to 10% its still worth a bet. Ok for the next 10 to 12months till the masses start producing in earnest and truly flood the markets.

Just what Malaysia needs, another multi billion dollar scam. Authorities looking the other way.

Tenaga is a blue chip company paying extremely good dividends for a blue chip. You can buy and hold this stock. It will pay your bills. Cheers.

Serba Dinamick (notice how it rhymes with Titanic).
Well there it goes folks its bow deep down, bum up propellers madly spinning up in the air as the band plays. The smart ones have gone in the life boats, the foolish ones staying on deck thinking it will still float, that its to big to sink. They continue to sing its gona fly, welcome on board. Sorry to say you have been conned by the powers that be into thinking all is well despite the obvious big hole and sunk bow.

Like watching a rotten ship sinking. The ones who stay to long will drown. Why would you even contemplate climbing aboard. If you can get off this rotten ship with your life you should do so, money can make again. Only winners will be the shorting sharks.

SDs Board to decide scope of EYs investigation on Friday. Anyone else guess the scope will not be made public, and will not be to investigate all the dead rats flagged by KPMG?
Maybe the scope will be limited to confirming the tea lady was not overpaid and or to just look at the rats the Board has managed to bury in the last week.

Auditors have a legal obligation to independently verify and confirm the accounts are true and correct. If they cannot verify, they cannot sign off. Auditors are not there to do the Boards bidding. They are appointed by the shareholders to protect shareholders from dishonest dealings by management.

Even if KPMG maliciously refused to sign off, SD cannot expect to sue them and win huge damages without having made every effort to mitigate losses. This is a legal requirement. If SD have done nothing wrong then they should appoint EY to as soon as possible to clear up the matter and mitigate losses.

However, if SDs management have indeed been cooking the books then it would be very dangerous for them to appoint EY as their report would no doubt confirm the dead rats and it would likely result in any guilty Directors to become long term guests of the State.

So, far better not to appoint EY and sue KPMG (which will take years) and hope to push the dead rats years down the road. In the interim SDs management will likely refuse to answer any difficult questions on the matter as they will have the infamous retort that they cannot answer as the matter is before the courts.
The longer they drag the better chance they have of finding an obliging judge or of hiding the dead rats in Abu Dhabi's desert, which is a place becoming notorious for burying dead rats.