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2023-02-07 11:38 | Report Abuse
Maintain OVERWEIGHT on the banking sector. Though a healthy closing may alleviate concerns in the banking sector, we believe present recessionary uncertainties could still weigh on the long-term prospects. That said, it is likely that the banks would not be affected as drastically as other sectors given their widely diversified exposure with constant stress testing being conducted to strengthen preparedness. In the medium term, should macros not pan out to be worse-than-expected, we should see strong earnings uplift sector-wide (>20% EPS growth) coming from the relaxation of provisioning requirements with possible writebacks to bolster earnings further. With regards to the OPR, we believe it is unlikely BNM may revisit another hike as further observation may be needed to meaningfully determine the tolerance of the financial system to accept another 25 bps increase.
For 1QCY23, we maintain our prior preferences to continue highlighting names with stronger backing to share price and earnings support, being: (i) MAYBANK (OP; TP: RM10.40) for its persistently high dividend cushions (7-8% yield) and leading market share, (ii) CIMB (OP; TP: RM6.40) for resilient non-interest income stream performance led by regional operations, and (iii) ABMB (OP; TP: RM4.20) for its strength in the SME space which is expected to deliver high growth in a recovery environment. It also commands solid ROE (10%) and dividend potential (6%) despite its significantly smaller market cap.
https://klse.i3investor.com/web/staticfile/view/487125
2023-02-07 11:34 | Report Abuse
maybank divdend 6-8%
reit divdend only 4%+
in this economy recovery phase, banking stock is better investment than reits.
2023-02-03 14:28 | Report Abuse
maybank fundamental strong with high dividend
good stock to hold for long term, retirement gold
2023-02-01 22:05 | Report Abuse
@prudentinvestor, i hope you are right and i am wrong wor
2023-02-01 20:18 | Report Abuse
true, drop a few sen is not a crash market,
guess i over reacted yah
2023-02-01 20:14 | Report Abuse
maybe you guys are right, i should ignore the up and down of stock and just contended with the annual divdend
sigh, maybe i more suitable for fd rather than stocks i guess
2023-02-01 20:10 | Report Abuse
sorry, not broke also, i rhb bank premier, hlb priority
not much, but not broke yet
2023-02-01 20:09 | Report Abuse
yah, thats why next 3 years maybank is going to go lower at least 10%-20%
2023-01-31 20:59 | Report Abuse
market manipulation
when i buy small at 7.50, 8.00, it keeps going up, when i buy big at 8.86 it immediately u-turn and crash
happens everytime, thats why i dun make money, my paper loss 4 figure in weeks now, my loss will definitely grow more. like how maybank went from 10.80 in 2018 to 8.42 in 2020,
put fd better, 4% plus capital guaranteed. learn from my mistake.....
2023-01-31 18:00 | Report Abuse
maybank share keeps dropping
i told you so....
will carry on to drop even with divdend declaration with more bad news to come
market manipulation....
2023-01-28 11:12 | Report Abuse
time to switch over to us stocks
us stocks is going to be bull market these 2 years
make my words
2023-01-28 11:10 | Report Abuse
it's been 2 weeks since i bought in at rm8.82, watch it goes down to 8.74
this stock will keep on going down , maybe 8.66 or down to 8.34 by end of year
next year maybe 7.86, i
it will give out divdend of at least 6%, but the share price will drop so that your returns is less than fd rate or even worse make loss overall if you intend to sell it within these 3 years
make my predictions and see if i am right.
Stock: [MAYBANK]: MALAYAN BANKING BHD
2023-03-15 11:15 | Report Abuse
maybank shares steady returns and good long term prospect