They also hold quite substantial PBB......

ASB holds 3.844B MBB shares worth RM33.44b at current price..
.....every 1% yield equals RM334m

@nikicheong......MBB paid....
64 sen 2019
52 sen 2020
58 sen 2021
58 sen 2022

I suspect fixed income fund like ASB and ASM are switching to higher dividend yield stock....as a long term fixed income fund, dividend is more important than capital appreciation.....there is more certainty if one is buying for dividend than capital appreciation esp. in the current weak market.

Another wave of selling, if 2.00 support is broken then will be tsunami.....

@jeffchan1901, Congrats on your YTLP......

If a stock drops in tandem with other similar stock, then no big deal..
BUT if one dropped much more than the others, then something BAD must be brewing....
....and insiders will sell first.

@jeffchan1901, noted, thanks.
YTLpower is trading near 52 wk high :p
It's a good dividend play....but due it's high price, yield currently is lower than MBB.

No other banks dropped this much today, probably insiders were selling on bad news......

Volume today higher than usual, the sellers must know something that other investors don't know yet.

https://www.theedgemarkets.com/node/663445

April 15): JPMorgan Chase & Co led a surge in major bank shares after the largest US lender boosted its guidance for a key profitability driver for the year.

The stock soared 7.6% on Friday (April 14) for its best day since November 2020, to beat all of its S&P 500 Index peers. Bank of America Corp, Morgan Stanley, and Goldman Sachs Group Inc joined the rally, while the KBW Bank Index climbed by the most in three weeks.

The rally deepens the disparity between the stocks of the nation’s largest lenders and regional peers.

“Goliath is really really winning,” Wells Fargo analyst Mike Mayo wrote in a note to clients. “There is no evidence of a banking crisis except that it seems that JPMorgan has been a port in the storm.”

May be got panic buying again in the afternoon :p

Wow....super green....so panic.... :p

:)

Nice.......green :p

Wah...long time no see KLCI up 12....but the fanboys stock is down...haha ...lol

https://www.theedgemarkets.com/node/661043

Local retail investors bought Public Bank (RM61.4 million), RHB Bank (RM28.2 million) and Computer Forms (Malaysia) Bhd (RM26.4 million) last week.

@Mas Terus, come and update US market please.

That time one of my heavy weight......collected from RM1+.....went up to about RM5....
.....I cabut at 4.50....haha :p

@speakup....I think I know you since the 2014 bull properties stocks days :)

@speakup, wah....compare to them is like ant n elephant ....haha
...they are very very rich, trading expert....
....I am just a conservative dividend investor :)

@jeffchan1901, Yes, noted. Thanks.

I decided to delete those posts.....

@linges, prudentinvestor, pang72 & 1invest1
Thanks ya.

Wow....wow.......foreign fund lai liao

dbs group, uob and ocbc today up kaw kaw

https://www.theedgemarkets.com/node/659583

KUALA LUMPUR (March 17): Rakuten Trade said it will not be surprised if foreign funds make a U-turn back into the Asia market over the next couple of months, amid the erratic US market and the recent banking debacle.

Rakuten Trade head of research Kenny Yee said that investors are getting more risk-averse, seeing that the volatility in the US and Europe is increasing, and will shift their attention back to Asia, which they have been ignoring since the 2020 pandemic period.

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

Why the other uncle is moving liao?

Haha :p

Why price is not moving up even BIG support is given by EPF?
Who is selling ??

Posted by DestinyL > 1 hour ago | Report Abuse

NTA doesn't mean much for conglomerate shareholders
The cake is yours but not for your eating, how?
Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits

____________________________________________________________________

Agree !

Two retail favorite ....Genting n PBB are down.
One institution favorite, the Big Blue is up.

May be, retailers are selling ahead of FOMC announcement on rates

So quiet, many already cut loss ?

How are banks shares doing in US tonight ??

@choysun, how is the US market tonight?

Where is MaTerus?
No come to report US market?

Now, depositors and investors would prefer SIBs and too big to fail banks.....
....it will be wise for investors in small small banks to SELL and switch to the 3 BIG banks....

Those waiting for Casino Royale fund better be cautious.....JustBorn has confirmed that they are now supporting PBB instead...haha.....

Posted by James_Bond > 1 hour ago | Report Abuse

Casino Royale fund in Public Bank! Bull market on the way!

Wow....JustBorn changed direction liao....now switching to bank....haha ....LOL

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

https://www.theedgemarkets.com/node/659583

https://www.theedgemarkets.com/node/659583

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

Posted by NatsukoMishima > 17 minutes ago | Report Abuse

Tomorrow gap down open! See u all can run or not ! Enjoy !

----------------------------------------------------------------------------------

This poor chap goes every where to tok kok.......pity his parents....

Jokers who don't own stocks, please come later and tell us some good jokes ya.

So another knee jerk reaction for deep pocket to buy :p

Reiterate BUY, TP drops to MYR9.65 from MYR10.20, 11% upside with c.7% FY23F yield. We raise our COE assumption for Malayan Banking to reflect the persistent uncertainties in the macroeconomic environment. There is no change to our earnings forecasts and, as such, the adjustment of our TP reflects a lower implied fair P/BV. Maybank has a strong, established track record with respect to shareholder returns. In a range- bound market, its dividend yields should be the key driver of total returns.

Source: RHB Research - 9 Mar 2023

https://klse.i3investor.com/web/blog/detail/rhbinvest/2023-03-09-story-h-296325029-Malayan_Banking_Dishing_Out_Dividends_Reiterate_BUY

Near-term challenges notwithstanding, we continue to like the Group’s prospects, underpinned by its M25+ initiatives. Our earnings estimates are left unchanged, alongside the introduction of FY25 numbers, with Outperform call and TP of RM9.70 retained.

Source: PublicInvest Research - 28 Feb 2023

https://klse.i3investor.com/web/blog/detail/PublicInvest/2023-02-28-story-h-297278248-Malayan_Banking_Berhad_Steady_Performance

Haha....good quote

We continue to expect MAYBANK to provide the most sustainable returns via its consistent market leading dividend yields (7%-8%) despite us toning down our numbers. This is further secured by the group’s long-term vision to ensure operational sustainability remains in check, and affirm its leading position in the market. MAYBANK is one of our 1QCY23 Top Picks.

FY22 net profit of RM8.23b (+2%) and full-year dividend of 58.0 sen came within expectations. Deposits competition will put pressure on profitability though the lapsing of prosperity tax and possible writebacks would translate to substantial growth in the coming year. Maintain OUTPERFORM but with a lower GGM-derived PBV TP of RM10.10 (from RM10.40) on more moderate FY24F BVPS. MAYBANK is still a Top Pick for 1QCY23 for dividend yield sustainability.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-02-28-story-h-297279336-Malayan_Banking_Compression_Imminent

Yesterday was so happy, telling long long jokes....today disappear liao....poor jokers.