Very good report.

Apart from MBB and CIMB, I also own this.....but very funny, its price doesn't move much compared to MBB n CIMB, which performed much better

The Board of Directors has declared a single-tier second interim cash dividend in respect of the current financial year
ended 31 December 2022 of 30.0 sen single-tier dividend per ordinary share, amounting to dividend payable of
RM3,616,238,128 (based on 12,054,127,092 ordinary shares issued as at 31 December 2022).
Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the single-tier
second interim cash dividend will be paid no later than three (3) months from the date of declaration.
The book closure date will be announced by the Bank at a later date

No drp is good in the sense that there will be no increase in shares and no dilution of future EPS.
.....and I noticed that, previously, a major investor used to off load the drp shares for cash (resulting extra selling pressure)

@Tedinvestor....yes it's 30 sen cash, no drp.

Maybank is putting 3.6B CASH into the pockets of shareholders.....

30 sen cash, no dilution of EPS and major shareholders no need to off load DRP shares in open market.....and if they don't need so much cash from dividend, will use the proceed to buy from open market.......overall slight positive.

https://www.thestar.com.my/business/business-news/2023/02/25/pnb-plans-to-increase-asms-fund-size-by-rm5bil

THE Amanah Saham Malaysia (ASM) fund size will be increased by RM5bil in line with the unity government’s commitment to ensure the equality of multiracial society, according to Permodalan Nasional Bhd (PNB).

Besides that, the total individual investment limit of Amanah Saham Bumiputra (ASB) and Amanah Saham Bumiputra 2 (ASB2) will be increased to RM300,000 from RM200,000 previously.

“This announcement is in line with PNB’s efforts to continue to encourage the culture of saving and investment among Malaysians.

Maybank is the top holding of both ASB and ASM.

https://www.thestar.com.my/business/business-news/2023/02/25/pnb-plans-to-increase-asms-fund-size-by-rm5bil

THE Amanah Saham Malaysia (ASM) fund size will be increased by RM5bil in line with the unity government’s commitment to ensure the equality of multiracial society, according to Permodalan Nasional Bhd (PNB).

Besides that, the total individual investment limit of Amanah Saham Bumiputra (ASB) and Amanah Saham Bumiputra 2 (ASB2) will be increased to RM300,000 from RM200,000 previously.

“This announcement is in line with PNB’s efforts to continue to encourage the culture of saving and investment among Malaysians.

@i3lurker......agree :)

By the way, the absence of prosperity tax will be very good for banks, esp those which pays high dividend.....and the additional investment for ASM and ASB will also be very good for big banks....as these are their top holding.....when they add, it will create more demand....

@jeffchan1901...... haha, I don't have any PBB, was just sharing a general view on banks.

I am a value investor, I feel MBB has got better value, based on i) it is trading at lower PE ii) it is trading at lower price to book value and iii) it pays a higher dividend (yield) .....compared to PBB.

.....but nobody will ever knows how a stock will perform in future.
....just my 2 sen....happy weekend.

Posted by James_Bond > 8 minutes ago | Report Abuse

Exactly, personally suggesting to sell Genting above 4.90-5.05! And i was right! Genting Berhad shares dropped sharply! If you followed, you should hv cut win and buy back along with me and win big now… cheers!

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Posted by James_Bond > 1 week ago | Report Abuse

I heard some of you, unhappy with such unreasonable tumble in Genting share price… James promises will not dispose Genting shares, keep the remaining 95%, continue support Genting Berhad and will let the profits run… Cheers! Happy Weekends!

Posted by James_Bond > 1 week ago | Report Abuse

Nvm, keep the remaining 95% for possible dividends… cheers…

Posted by James_Bond > 1 week ago | Report Abuse

Only managed to sell 5% of my Genting Berhad…

Haha....like that also can.....hahahahaha LOL

Respect !

That's why I said.....ATK is the "real" sifu....

Haha.... :p

Posted by choysun > 2 hours ago | Report Abuse

Who lost tickets leh. Monday KLSE still open ya. Can buy back :)

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Judging from posting after market closed, i guessed the one who lost tickets is the one who said buy average up....buy average up......LOL :p

https://www.theedgemarkets.com/node/656718

KUALA LUMPUR (Feb 24): The absence of a prosperity tax in the revised Budget 2023 is deemed a ‘huge relief’ for the corporate sector, says Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.

Abdul Wahid opined that another round of prosperity tax could have potentially shaved off 5%-6% of 2023 earnings for KLCI constituents.

“Without prosperity tax being imposed, analysts have a consensus forecast EPS [earnings per share] growth rate of 20.1% for 2023 compared to -1.3% for 2022. This augurs well for the capital market,” he said in a statement on Friday (Feb 24).

The amount is very small versus the total industry, while this is a negative but it's minimal for the total industry.

....and limit up for ASB shareholders....

Additional 5B for ASM to top up their investment......

No major changes in tax.....no new prosperity tax......capital gain tax for unlisted shares from 2024 under study.....cheers......next week, banks shares probably trade up.

No major changes in tax.....no new prosperity tax......capital gain tax for unlisted shares from 2024 under study.....cheers......next week, banks shares probably trade up.

Aiyoyo....like that also can ah ??????

....but i am no trader, i hold high dividend stock for its yield....for long term fixed income...

@ATK, yes I noticed that too.....may be for DBS case, the good had already been priced in before the result....as the stock was at that time trading near its 52 week high.

Banks results should be good.....out after budget on monday is better....no need let ppl politicise by asking for moratorium n prosperity tax...........

@ATK......maybank results will be out today or monday......safe to bet on result boh? :p

Posted by AngTayKor > 52 minutes ago | Report Abuse
Is the stock market a bull market or bear market now???

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Posted by DestinyL > 27 minutes ago | Report Abuse
ATK, you can also see his posts in MyEG, suddenly short sell, suddenly strong buy. After strong buy them jialat. Maybe he has changed stance since

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Cakap tak serupa bikin........Sifu ATK, your Genting comrade ah ????

Ya loh.....should have listened to Sifu ATK....regret liao now :(

@choysun....hope you are correct....hope tomorrow got fly to the moon so that I can take quick profit.....popi.....popi....

Proven that Sifu ATK is the real sifu....

QoQ -231.79%
YoY -29.98%

Waloa eh, I also kena conned today :(

Wow.....tomorrow die liao

Just a small fly....... starting to take tuition lessons from Sifu Ang Tay Kor......

4.6+ is still good price la......was struggling to break 4.50 during the past 4 to 5 months....

Long time no visit.....and so much had happened.

Haha..... :p

Wow.....another BIG buy from ASB on 13-2-23......
ASB Boleh !
https://klse.i3investor.com/web/insider/detail/SBSH_557556_3445351644

The stock is trading at 1.1x FY23F P/BV vs. the 5-year historical average P/BV of 1.3x with an attractive dividend yield of 7.3%.
Source: AmInvest Research - 15 Feb 2023


7.3% yield for FY23F?
Is Am Research targeting a dividend of 63/64 sen for 2023?

While EPF has been BOLEH all this while....jia yu !!

Kali ini, ASB BOLEH ! .....bought kaw kaw on 8-2-23
https://klse.i3investor.com/web/insider/detail/SBSH_557319_406378204

Kenanga’s top stock picks are Malayan Banking Bhd (Maybank), with a target price (TP) of RM10.40, for its persistently high dividend cushion and leading market share, CIMB Group Holdings Bhd (TP: RM6.40) for its resilient non-interest income stream performance, and Alliance Bank Malaysia Bhd (TP: RM4.20) for its strength in the small and medium enterprise space.

https://www.theedgemarkets.com/node/653819

https://www.theedgemarkets.com/node/653819

https://www.theedgemarkets.com/node/653819

No wonder, last week dropped on Thursday & Friday.

https://www.theedgemarkets.com/node/653446

KUALA LUMPUR (Jan 30): Malayan Banking Bhd (Maybank) said its investment in Adani Enterprises’ secondary share offering were “client subscriptions” and, as such, there won’t be any financial impact to the banking group.

“We are aware of the media reports and we do not respond to speculation. However, we would like to clarify that there is no financial impact to Maybank as the subscription to Adani Enterprises were client subscriptions and fully funded by client funds,” it said in an emailed response to questions from The Edge,

“Due to client confidentiality, we are unable to provide details,” it added.

Maybank’s clarification came after various media reported last week that Maybank Securities was allocated a stake in Adani Enterprises’ US$2.5 billion (RM10.6 billion) secondary share offering.