Looks like many people get burnt being too optimistic on glove

Glove story now is like watching sunset

In fact most banks margins are hit by covid but being the largest bank will definitely be dragged down far worse than its peers. Expect the unexpected coming..maybe a surprising big fall in profits or even losses in next quarter

Banks are very calculative. With all SME and corporations suffer losses, banks will not give out dividends during recession. Maybank is no different

Non performing loans and defaults are already at an alarming rates. Just look at the business situation out there on the streets u can guess it

Don't be so optimistic that banks are sure win or profits guaranteed. This pandemic may cause banks to post huge losses and dividend payouts not sustainable

Maybank start to go Holland...RIP

Analysts cut Maybank’s earnings projection by as much as 25%
https://www.theedgemarkets.com/article/analysts-slash-maybanks-earnings-projection-much-25

The worse is yet to come

https://www.theedgemarkets.com/article/maybank-1q-net-profit-rm205b-revenue-climbs-rm1322b

Nah not me say but Maybank own self...
Maybank warns of margin compression, more bad loans

If interest rates gone negative like Switzerland and soon US..maybe Malaysia too. Wonder banks will survive with negative rates lol

If banking stocks is good, Warren Buffet won't sell out lah but he sold oh

*rates

Do u know what's the Fixed deposit interest rates by Maybank? 1 month is 1.9% and 2.1% for 12 months. Can't even beat current inflation rayes

U said Warren Buffet rebalancing his banking stocks portfolio??? Sorry I can't stop laughing really. Goldman Sachs and JP Morgan are considered the 2 best

See what Warren Buffett did recently....He dumped Banking Stocks!! After sold Airlines Stocks, he sold Banking Stocks!!!!

After Airlines, Warren Buffett Is Preparing to Dump Bank Stocks
https://www.ccn.com/after-airlines-warren-buffett-preparing-dump-bank-stocks/

Berkshire Sells Majority of Goldman Stake, Trims JPMorgan
https://www.bloomberg.com/news/articles/2020-05-15/buffett-s-berkshire-trims-jpmorgan-goldman-stakes

The logic is that...so many SME and big corporations suffer from covid19 mco lockdown, u think banks are not the ones absorbing the most losses???? Truth is... BANKS ARE THE ONES ABSORBING THE MOST LOSSES IF ALL SME and CORPORATIONS CRASHING DOWN!!!!

The logic is that...so many SME and big corporations suffer from covid19 mco lockdown, u think banks are not the ones absorbing the most losses???? Truth is... BANKS ARE THE ONES ABSORBING THE MOST LOSSES IF ALL SME and CORPORATIONS CRASHING DOWN!!!!

So those who goreng properties like using compressed loan tactics alike cheating banks in order to hold multiple properties will survive nowadays? Supply gluts and lack of demands due to loss of jobs and businesses. You've seen how these properties goreng kakis especially the sifus nowadays suddenly revealing their trade secrets by having many sohai subscribe to their advice classes seminars forums to learn a few things. Too late into the games after property bull run. Maybank sure will have more Non-Performing-Loans writedown. Good luck for those who invest into Maybank. Hope this warn u all better before collapse.

More loans to turn bad for Malaysian banks
https://www.theedgemarkets.com/article/more-loans-turn-bad-malaysian-banks

HP loans accounted for RM49.9 billion or 9.5 per cent of Maybank's total outstanding loans in Malaysia of RM523.49 billion as at end-2019, Affin Hwang said.

Yesterday BNM cut OPR 50 basis points. Banks' earnings guarantee will fall like waterfall because they rely on higher interests to charge on loans to customers. If all banks follow instructions of FM Zafrul's suggestion to not charge on accrued interests on Hire Purchase loans, it will hit banks' earnings even further. Banking sector will be downgraded considerably. Maybank is one of them....

https://www.theedgemarkets.com/article/bnm-cuts-opr-50bps-2-amid-worldwide-pandemicinduced-economic-disruptions

https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure

https://www.thestar.com.my/business/business-news/2020/04/30/completed-and-unsold-properties-hit-rm415bil

See the above. Completed and unsold properties hitting RM 41.5 billions! No joke! So Maybank being the largest bank in Malaysia...for sure it has large exposure to the local housing market in loans...be it loans to developers or buyers. That should point to Non Performing Loans are rising among Malaysian banks.

stocksyndicate, do u understand any of the above?

For sure BNM will continue with more OPR cuts to shore up the economy and SMEs. Do u know what OPR reduction means to all banks in Malaysia? That means banks will earn a lot less on interests income. That is just one reason why banks will suffer more.

How about Non Performing Loans (NPL), personal or business mortgage/loan defaults, bank industry's profit margin compression? To add matters worse, banks could reduce dividends or cancelled all dividends to preserve their capitals. Do u not know in Europe they passed the law to forbid banks to give out dividends? In Australia, NAB also does the same. U think Maybank the highest capped listed company in Bursa will not mitigate their own risks which are obvious already? Think carefully.

Some sohhai think banks sure safe? All banks suffer profit margin compression, increasing NPL and risks of more defaults. These are already enough to send banking stocks downward. Go google around the web also u can see that more & more banks have cut their dividends payout while some have cancelled dividend altogether.

Unemployment rising to historic high so sure banks' Non Performing Loans NPL going to rise due to many ppl jobless can't pay loans ..defaults etc kaputt again die loh

Most banks cancelled dividends or slash dividends...habis loh kaputt! See latest NAB australia also half their dividend lol

Better run loh all banks worldwide losing money due to virus mah