@dragon328 Thank you for sharing the HLIB report. much appreciated.

@hoplanner Here is the Kenanga's report on YTLP, TP @ RM1.85 (of course this is before the latest 4thQR).

https://www.thestar.com.my/business/business-news/2023/08/16/strong-q4-results-forecast-for-ytl-power

Be mindful and don't let greed motivate one to chase high.

Just bought some odd lots (3 units @ RM9.00) to top up my odd lots at 9:01:08am to become a whole lot la. Sadly in anticipation no further DRIP from now onwards. Hopefully I am wrong. Once the dividend announce either today or tomorrow, the price will very likely go up to account for the dividend. now is the best time to accumulate.

my advise is if you manage to buy low, keep it and try not to take profit and to constantly day trade, keep for it's DY, by not monitoring the stocks daily you would have a better quality of life in IMO. you can never beat the sharks. if you notice the stocks with heavy volume movements, you will know that sharks parked heavy volumes at sell and buy price within a very small margin price difference. that's how they trap ikan bilis. don't fall for this trap bro

@hoplanner TBH, I didnt study in depth on how high YTLP will go as I am not planning to sell it anytime soon - am keeping it as a dividend stock in my portfolio. no indepth study on the trend line but if I remember correctly I saw somewhere the TP for this stock will be rm1.85 so it should not go above rm1.85 based on what the analyst suggested - then again analysts also can be wrong every now and then.

Kicapmanis

Us stock news so bad..how it will affect malaysian banking stocks? Anyone can she some light on this
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@Kicapmanis, traditionally most traders in Malaysian stocks take their action based on market performances both in regional as well as US markets and as you know, stock market around the world is 'open' somewhere at any 1 time in 24 hours. so when Malaysia market is closed, US remains open etc. it is traders believe that when a market does very badly elsewhere, it is a 'warning' that 'bad' news might be coming and so local traders will rather err on the side of caution. remember the adage, 'buy on rumours, sell on news'. also, if there are rate hikes in US, then stocks in US may rise due to more liquidity now from 'hot money' from around the world including Malaysia into US market, traders will now sell local stocks to put back in US market. Until as unless the BRICS currency come into effect and Malaysia goes on board, we will be subjected to such 'external' effects from US.

Price increase after tough resistance at the 9.00 mark. this is good and healthy as it 'sets' the new resistant level. once this resistant level is broken, it will form a new support level if broken upwards i.e. new higher highs and higher lows. this is good as the stock price will be stronger and stable in future. normal for retail traders and some institution to take profit every now and then. the trick is to recognize market trends to know when is the period of 'accumulation', 'mark up', 'distribute', 'mark down' which we are seeing now. this is what is known as the 'wyckoffian logic '.

Price drop usually due to profit taking. this is good and healthy as it 'sets' the new resistant level. once this resistant level is broken, it will form a new support level if broken upwards i.e. new higher highs and higher lows. this is good as the stock price will be stronger and stable in future. normal for retail traders and some institution to take profit every now and then. the trick is to recognize market trends to know when is the period of 'accumulation', 'mark up', 'distribute', 'mark down' which we are seeing now. this is what is known as the 'wyckoffian logic '.

stockraider

There maybe a risk of forex losses....if suddenly RM appreciate to Rm 4.22 agst USD mah!
Posted by KClow > 1 day ago | Report Abuse

If a person is lazy n lack brains n keen on dividends
The best to do is
Buy singapore banks
Ocbc
Uob
Dbs
Why bother with maybank..unless they want a lost decade
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@stockraider I always thought of you as one of the more level headed and sensible forumers here whom I have much respect for. so it comes as a surprise for me when you post such comments despite the often friendly banter between the various banking stock forum. why stoop so low bro?

KClow

At rm9 maybank yield is now only 6.4%
All those bank shareholder who looking for 7-8% in trouble now..lol..
Cos they bought for dividend yiels.lol
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Bro, stop kidding yourself, my DY alone is 7.34% for Maybank la. A lot of Harimau investors are long term investors who already bought a lot during C19 period. Most entry price is below Rm8 (like mine) or low Rm8s. When they add now, their DY will only rise slowly. Very stable. With high DY and big fat paper gain, whats not to like about Harimau? Only regret? I should have diverse some Harimau to YTL Power (my DY 7.46%, paper gain 153%) to buy more YTLP. If I sold off all my Harimau stocks and pump into YTLP back then, today, I will be sitting on a minimum of a quarter of a million free money.

Haha.. investors keeping Harimau for its dividend yield but some clowns sell for quick profit to buy other less safer option. Brilliant move. This one surely no brainer - wins the GOAT award of the year. Obviously he didnt read the past posts.. all long term Harimau investors relaxin by the beach sipping Ice Tea or just enjoying the ride eating popcorn.

nice.. i think 3QR gonna be good

haha.. read somewhere some fellas sold on news at 1.39... now 1.50.. lol.. on a serious note,, I think 1.70 is a possibility in near future if presen5 buying interest persists.. anyway I am 120% premium.. sipping ice tea and enjoying the show

https://www.nst.com.my/business/2023/08/939095/govt-committed-enable-fractional-share-trading-year-end

It's gonna be a more volatile swing in prices in future as more ikan bilis will be playing now. sharks will lay out a bigger net to scope up fried anchovies for lunch and dinner. a lot more casual retail investors will be burn. sure can buy with less monies (RM50) but don't forget with broker fees, how do they sell off the shares without a big gain in price or making loss in sale over transaction price. hope bursa realizes this. Cheapest brokerage charge is RM8 if not mistaken for self trade. how to cover? unless you go through nominees maybe cheaper?

Uncle Sam depend on PetroDollar to run their debt ridden country. Starved of rare earth material for chips now that China has retaliated by banning export and started inroads into quantum chips, bye bye silicon chips valley. Big Brother China walk the talk and can carry a big stick too.

US economy currently has over 300+ Trillion in Debt compared to during Richard Nixon's time of 100+ Trillion. Already China has been selling down US Treasury bills even thought interest has been attractive in view of the BRICS currency ever since the start of the Chip War.

Lets not think that the Petrol Dollar aka Greenback will forever be the number 1 backup currency of the world. Come August when the BRICS nation summit, they might make the announcement of the formation of a new global currency. I believe Malaysia has shown interest in this new currency. Backed by Gold holdings, this new BRICS currency will be account for trade among 40% of global population should it come true. China has already bought YTD more than 200+ tonnes of gold for this purpose. Singapore also has also started hoarding gold too. once BRICS nations adopt the new currency and dump USD, US inflation will not affect the global economies. Saudi Arabia a member nation of BRIC once they reject USD, Crude Oil will no longer be tied to USD and bye bye Uncle Sam Dollar.

haha just noticed it reached 8.92, hope it breaks through 9.00 this week. looks like Harimau is popular with foreign funds.

https://www.thestar.com.my/business/business-news/2023/07/22/maybank-key-financing-partner-for-tesla

PETALING JAYA: Malayan Banking Bhd’s (Maybank) involvement as a key electric vehicle (EV) financing partner for Tesla is in line with the bank’s aspiration to become the leading environmental, social and governance or ESG financier in Asean, says Maybank group president and chief executive officer Datuk Khairussaleh Ramli.

“Through Tesla’s cutting-edge innovations and bolstered by Maybank’s innovative financial solutions, we believe that it will contribute to the growth of the EV market in the country, driving sustainable mobility solutions as well as enhancing the adoption of clean energy in reducing carbon emissions,” he said in a statement.

Yeah! YTLP on the rise after agreement on 5G equity

https://www.thestar.com.my/business/business-news/2023/07/21/malaysia-telecoms-firms-reach-agreement-on-equity-participation-in-5g-agency

...... '@Suriyan Is the skyworld development bhd ipo worth applying as its RM0.80 Anyone knows?'......
https://www.thestar.com.my/business/business-news/2023/07/10/skyworld-makes-main-market-debut-at-80cshare
(IPO price 0.80, Listing price also 0.80, now 0.77, upon opening dipped 0.755) luckily you asked earlier and hope you didn't go ahead to apply for IPO

oh 28 sens I believe should be no problem for Harimau. I am looking at higher of course since profitability would most likely increase as well since OPR increase.

Will all the kidz here please STFU and stop all these school yard bickering already. Those of you good at blogging, please continue to blog, while the rest of you good at stock investments continue to do so. Let others judge us by what good and useful information we share rather than wasting forum posts reading nonsense. these nonsense wont benefit anyone to make money which we are all here to do

.... Run forest run... shark escape leaving 20 Bilis alone at 3.85... my guess might drop a bit more next week.. meanwhile bilis waiting at 3.84 and 3.83... I parked lower to try my luck la... no worries.. before month end got chances to escape ... small window but never the less window.. fear is drop low then ex-date dividend comes drop further

first week sept announce dividend usually

@stkoay I see, thanks for clarifying. after yesterday's BNM announcement of OPR been maintain, knew today will drop... Malaysian stocks are really predictable.. and knew it would drop, didn't help that Wall street (DJ n SnP500) also dropped

Hopefully they can give us DRIP..... waiting with bated breath

@stkoay btw I just sold off all my PBB again as I expect the price to drop below further. at 3.85, my BEP to clear my brokerage and all related fees is at 3.88 with a small profit. parked my next order at lower price. maybe my actions speculative or not, my pocket and profit comes first la... stocks to me not sentimental... i invest to make money not to make love to my portfolio la

.... 'Maybank IB named Public Bank Bhd, Petronas Chemicals Group Bhd, CIMB Group Holdings Bhd, Tenaga Nasional Bhd and Hong Leong Bank Bhd as the top five stocks in Malaysia sold by foreign investors in June.

The market top buys were Malayan Banking Bhd, Gamuda Bhd, YTL Corp Bhd, Westports Holdings Bhd and Malaysia Airports Holdings Bhd.'...

@stkoay according to NST article, why was PBB among the top five sell down stocks by foreign investors? Seeing that the price already considered low atm. I mean can considered a bargain given the TP by brokers way above 4.xx, really surprised why FF chose to push down PBB and CIMB too.

@BlackDiamond you should also explore Harimau, DY is above +6% compared to PBB at +4%. without the Old Man, market is now jittery as they are not sure who will eventually take over excess balance of share holdings ownership of the PBB as his heirs cannot hold more than a set 10% (if not mistaken) of share holdings. also all his beneficiaries probably having table talk at this very moment as well. a lot of uncertainties. that's another reason why this stock is sluggish. any who, market can be certainly unpredictable. for all our sake as PBB investors, hope you are right too. peace

No worries mate all good. Glad that you eventually reply after market closed. Anyway how many lots did you managed to top up bro? I must congratulate you as must have build a huge stock pile based on today's bullish sentiment

@BlackDiamond interestingly you just joined a week ago and suddenly seemed like a pro investing in PBB. You working for Big Fund managers or a freshly created profile to troll PBB investors?

On the subject of Value of diamonds, some interesting facts from my source (Tiny Virus laaa)....

1. The rarest diamond color is red. Natural fancy red diamonds are so scarce that even tiny red diamonds can command auction-worthy prices. Only 1 carat out of every 10,000 carats mined is a natural fancy colored diamond, making rarer colors with high saturation extremely valuable.

2. The cost of a pink diamond will range from $10,000 per carat for a less intense pink diamond to $700,000 per carat for a deep and intense pink diamond. The color intensity and carat weight of pink diamonds are the two most important factors that

3. In comparison to the rarer fancy colored diamonds, natural black diamonds are relatively affordable, and comparable in price to colorless diamonds. A fancy black diamond will cost anywhere in the region of $3000 to $5000 per carat. This would mean your average 1 carat wedding ring is likely to cost $3000.

4. While large natural black diamonds like the Black Orlov are exceptionally rare, you’ll find black diamond jewelry readily available.

on this note, noticed that the last shareholders report on shareholdings for PBB was on 28 June? When will the report for 29 & 30 June report be out? The last time I saw this happened was with either Harimau or Tenaga. EPF heavily sell down but the report was not out till a few days later. Normally companies have a few days grace period to report on changes in shareholdings. Well I could be wrong but I noticed big funds always take turns to buy and sell, today is EPF buy, tomorrow EPF sell, Amanah take over and vice versa. Almost as if they work together to control the market price. Maybe it's coincidence, maybe not. Looking at the RSI today its on the decline and MACD line is tapering off into negative... If all anyone feels strongly that the bull will continue to rise, please go ahead and buy more

@BlackDiamond I don't speculate my friend. I sold down cause I wanted to lower my average holding price for PBB. That's the difference. Like Harimau, been holding PBB since mid 2020 so no... am not a speculator. Reason why PBB will drop further is because their profitability NIM has been on decline since last quarter unlike Harimau. look at the chart line and you'll see. This was the reason why PBB although well managed and making profits but share price still stuck on ground floor. I want to lower my entry cost for PBB cause I want to maximise my DY. Maybe my investment strategy might seem strange to some investor's like you but it has worked well for me and no reason why I should change now. I just share with fellow PBB investors here that it is likely that the share price will continue to move sideways until the next QTR report. If it is good, then a breakout will continue. looking at today's price at 3.91 its already buy rate at 65%, want to bet that it will drop back down before the day is over? I just share my sincere views here. Not expecting anyone to take me seriously. Btw, the buy rate which I share was what we learned from my Broker Bank's Head of Analysis. Just becareful dont fall into the 'Bull Trap'

@1pingpong good, you must hold very low average pricing on this stock.
meanwhile, just my 2 sens but i dun think state election will have much impact on bank stocks. if you say sin stocks like gaming alcohol stocks then bit possibility like what happened to PAS led states on Magnum and Toto counters etc. more likely federal election will impact all stocks whether banking or sin stocks as major policy change will impact foreign investors.

@happybuying you're back, lol, what happened? thought you prefer RHB?

@cwc1981 yeah, I also suspect as much. I know why PBB dropped but didn't expect Harimau to also dropped by so much too. our politicians should know by now, market will react with knee jerk reaction to every single word that comes out of their mouth. market is probably afraid of another moratorium or some kind of other assistance. or maybe big shark want to goreng for shareholder returns as well

meanwhile, don't be too worried as there will be plenty of opportunity to escape in July and until early August as Dividend announcement will usually come end August before mid Sept ex-date. big sharks doing their best to eat profit here and there for stakeholders returns. I have a feeling its was our EPF sell off just now as they have been buying so heavy these past few days. we'll know by tomorrow. if indeed EPF then what someone share before is true. when EPF buys, you sell. when they sell you buy. I saw them buying up a lot lately so I was expecting them to sell off soon especially when Dividend announcement only in August. then this 'good news' article came out.. sweet.. just my ticket to escape.. so sharks happily goreng a bit and sell off made a huge killing, trapping the billis in process

haha.. i sold off all at 3.90 made a tiny profit and the article provided me a small window to escape. I knew it would drop. you know why? Buy Rate was over 65%. when it hits 60ish... get ready to run if you dont have much margin for paper gain. I then parked at 3.85 bought some.. i wanted to park at 3.83 but didnt expect it to drop much more. when u get these sort of feel good article beware, fund managers working together to trap billis

No wonder PBB price swing sideways.. just as I suspected.. everyone shaky on next supremo to helm the bank after the leader left
https://www.nst.com.my/business/2023/06/925452/public-banks-share-overhang-issue-ease-affin-hwang

I see the price drop as an opportunity to also add more should it drop below 0.80.... Knowing that it had peaked passed 1.35 twice before, I will make sure I add more when the time comes. Good things comes to those who wait I say :-)

FUN FACT: Btw, did you know that Mid Valley is partly co-owned by IGB Bhd and DBKL? It's ok, now you know

why you all so worried about Mid Valley Megamall? It will be very resilient all the more so compared to KLCC mostly tourists will go. Even Joey Yap whose office located in Mid Valley says that Mid Valley fung shui very good, the reason why it is triving is because according to him, Mid Valley is atop a small hill over looking surrounding and if you noticed the layout of Mid Valley, it is like an island where the roads lead North South East West. Also he added it is shaped like a Heart, supplying blood to every direction. So relax brothers. Mid Valley catering to all segments especially M40 is here to stay. Peace

Instead of trolling here fren, please update us on PBB as I also have PBB in my portfolio. save us the time to go look see look see in PBB.

@speakup not just Radium. IPOs are now not a sure fire way to make a quick buck any more. case in point some IPOs are over valued based on the perceive future value and promising future but if doesn't deliver the results (FY2023) will also fall - see FFB, Farm Fresh Bhd, from IPO offer price of 1.35, and dropped as much as 1.28 on 9/6/23. my feeling is that it is not a good time to invest in IPO as its like gambling. unless you apply get it and sell on opening bell to make a quick buck. I applied for CTOS IPO when it was offered at 1.10 and advice by my remisier to sell and not hold on to it. sold at 1.62 few days later and got a nice change. although it did eventually peaked at 2.06 the next 2 days.. oh well.. at least i got something. price now 1.40 due to not so rosy outlook for counter by analysts.

property market slowing down due to higher OPR and possible more coming. what do you think?

@RWG, Even if PN win, in what way will banking stocks be affected? it's not like it's a sin stock like RWG right (Resorts World Genting right)? Hah, that one sure holland like HEIM one. As a lot of speculators. Besides Labai all waiting on the side lines to pounce

@stkoay from my preliminary findings, seems that RHB which usually pays out 30% as dividend has since the last 2 years revised pay out 50% after 2022 strong performance (ROCE 9.7%) as dividend resulting in DY of between 6% to 7% for that counter hence that is why the stock has been so popular and 2023 and 2024 (RHB expect ROCE at 11.5%) they are also expected to continue with this generous pay out too until next year at least (news reported in Feb 2023). But like you said, is it too late to enter now since market would have probably priced in the expected upcoming earnings and adjusted accordingly.

anyway, wish @happybuying the best in his search for the portfolio that fits his play style.

@stkoay .. take a look at the trends.. https://dividends.my/rhbbank-1066/

a little sudden and huge jump. perhaps also NTA increase too. let's see if I can manage to find why the jump