Global funds which hold banks in their portfolio, will switch to buy Malaysian Banks in the coming months....and Malaysian Banks will rocket.....
....don't miss the boat :)

https://www.freemalaysiatoday.com/category/business/2023/08/08/buying-support-in-banking-stocks-push-bursa-higher/

KUALA LUMPUR: Bursa Malaysia closed higher today as the local market sentiment recovered with buying support seen in heavyweights, mainly banking stocks.

CIMB was the largest contributor to the composite index’s gains with 1.405 points, after rising 8 sen to RM5.60 with 9.5 million shares changing hands.

The "non investor" who call a sell bcos he cannot afford.... now everyday eat sour grapes....haha LOL

Today, it's Best of the Best (Banks) :p

30c dividend masuk pocket dulu..

.....betul....betul.....betul !

Tengok sekarang bagaimana ia dipermaikan untuk kutipan :)

Akhir tahun ini.....sepuluh :)

Next, will be Harimau....9...then ...10 :)

This kind of momentum, 6 is easy easy :p

https://theedgemalaysia.com/node/677548

KUALA LUMPUR (Aug 4): Analabs Resources Bhd said it has acquired quoted securities in Malayan Banking Bhd (Maybank) with an aggregate value of RM21.57 million, which exceeded 5% of the industrial waste recycling services provider’s audited consolidated net assets as of April 30, 2022.

In a bourse filing on Friday (Aug 4), Analabs said the shares were acquired during the period from Dec 21, 2022 to Aug 4, 2023, and was funded by the group’s share margin account.

The group said that the shares were purchased in the open market at prevailing prices as quoted on Bursa Malaysia Securities.

“The acquisitions were carried out with the intention of deriving dividend income and for potential capital gains,” it added.

Sotong memang Kuat :p

Last year, early September added around current price 8.90 to 8.93....after one year, return is still better than ASM even entered at high :p

I missed the current rally, now will monitor to see if got good entry point to add some for coming divvy :)

https://theedgemalaysia.com/node/677154

https://theedgemalaysia.com/node/677154

Super sotong, dropped 3 sen nia after recent strong rally...
...unlike one so called recovery stock, failed to follow recent market rebound but today dropped kaw kaw....haha....

Bank stocks may consolidate for a while after recent gain and will probably trade up again after some consolidation and nearer to reporting time,
Most banks are expected to report solid profit and probably higher dividend.

https://klse.i3investor.com/web/forum/forum-thread/800000299

KUALA LUMPUR (July 31): PT CIMB Niaga Tbk, the 92.5%-owned subsidiary of CIMB Group Holdings Bhd, saw its consolidated net profit rise 27.4% to 3.27 trillion rupiah (RM977.27 million) for the first half ended June 30, 2023 (1HFY2023), from 2.57 trillion rupiah (RM767.1 million) in the same period last year.

Earnings per share grew to 129.67 rupiah from 101.65 rupiah, CIMB’s filing with Bursa Malaysia showed.

CIMB Niaga paid total dividends of 2.87 trillion rupiah in 1HFY2023, which is 22.43% higher than the 2.35 trillion rupiah paid in 1HFY2022.

@speakup, there's one naive non investor who has been calling for "SELL" on banks bcos he/she cannot afford to buy....haha.

(real money).....yummy yummy dividend of 28/30 sen coming soon...

month end closing....most banks traded up in heavy volume during pre close....very good
....if pre close trade down in heavy volume, then it's bearish sign.

All banks are GREEN today, bery good !

Super sotong....
....play this stock is easy....you buy today, sell tomorrow, make money
....buy tomorrow, sell next day, also make money....haha :p

All Banks are green....green...
...what recovery stock is red today?

https://theedgemalaysia.com/node/676527

KUALA LUMPUR (July 28): The FTSE Bursa Malaysia KLCI Futures (FKLI) contract registered an all-time high in daily trading volume of 71,689 contracts on Thursday (July 27), surpassing the previous record of 66,887 contracts posted on May 27, 2021.

"This historical trading volume record follows market optimism driven by the possible anticipation that the recent US Federal Reserve decision to increase its benchmark interest rate might mark the final raise in the current cycle, as well as the recent launch of the Madani economic framework," said Bursa Malaysia Derivatives.

The must have are.....No.1 Blue Chip.....and FF favorite sotong....
....huat ah !!

Wow....not only FF, EPF has also been buying Banks kaw kaw these few days....
.....very Good !

.....Huat ah !!!

.......it's 2018 again....
......EPS and share price....

Nice....
........ bank investor is getting richer and richer........ haha......

https://theedgemalaysia.com/node/675994

KUALA LUMPUR (July 25): Bursa Malaysia extended its gaining streak for a fourth consecutive day on Tuesday (July 25), in line with most key regional indices and persistent buying mainly for banking and commodity-related stocks, said an analyst.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the KLCI had broken four resistance levels (1,390, 1400, 1,415, and 1,430) since July 7, thanks to buying support from foreign funds.

7.8% dividend yield?
...how much dividend is AmInvest Research predicting for 2023?

We maintain BUY call on Malayan Banking (Maybank) with a revised fair value (FV) to RM10.00/share from RM9.80/share after rolling over our valuation to FY24.

The group’s foreign shareholdings have increased slightly to 17.73% as at end-June 2023 vs. 17.27% in Mar 2023.
The stock is trading at FY24F P/BV of 1.1x, below its 5-year historical average P/BV of 1.2x and offers an attractive dividend yield of 7.8%.

Source: AmInvest Research - 25 Jul 2023

When "new" foreign funds come, the 2 must have are....Harimau & Sotong.

https://theedgemalaysia.com/node/675819

KUALA LUMPUR (July 24): Bursa Malaysia's key index rallied to close higher for a third straight session on Monday (July 24) on continuous foreign buying support mainly for banking stocks.

@linges....good to hear, hope you had a great time....Tiger welcomes you back with nice move :)

Today, is just warm up......much more to come.

Today, my 2 heavyweight tiger & sotong are kuat.
...the little people who spend his free time monitoring other people's wealth, must be very angry....haha.

Rich investor keep tiger in locker, no need to monitor, go for long holidays....Welcome back @linges.
....where did you go? come back today and so happybuying :)

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20230718.pdf?t=1689739161

Only one bank left in the list :p

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20230718.pdf?t=1689739161

Cannot find CIMB in the list.....if not mistaken, it was there few weeks ago when I last checked.

@cwc1981, if you are collecting, do you want it to be high?
....how the banks traded today, i read it as a good sign :)

For strong hands and those still with bullets....
.....huat time is coming......

The big boys start to warm up liao.....
.....hope there will be more warm up..... :)

Wow.....trader bought the wrong stock :p

Nice....most banks hold on to last week gain...
....unlike some which gave back almost all gains.....haha.

Nice......meow meow meow :)

The quantum of the dividend will be announced together with 2Q23 report at the end of August, probably around 25th.
The payment will probably on end September.
....previously used to be end October, but after change in CEO, it has been expedited...
....the latest was paid in March 23 instead of April.

The recent sell down of banks stocks was mainly sold by FF....not so much on MBB probably bcos of different investors .....MBB is for yield and more long term investors

@jeffchan1901....that article was on June trading.....if I have not mistaken, May was also the same.

stocks to me not sentimental... i invest to make money not to make love to my portfolio la

@jeffchan1901.....smart investor :)

BNM holds OPR....most banks closed green 😊

.....sotong remains so strong :p