Topped up a little at 8.61....
...will continue switching lower dividend stocks into this Tiger .......

As for our Top Picks, we still like MAYBANK (OP; TP: RM11.05) which we highlight for stellar dividend returns (7-8%) paired by its commendable asset quality readings (GIL: <1.9%, below listed peers’ average of 2.0%) despite being the leader in loans and deposits share.

Source: Kenanga Research - 7 Jul 2022

https://klse.i3investor.com/web/pricetarget/research/63867

I bet it will be about the same as last year.....28 sen :)

Looking ahead, investors eyeing good dividend stocks should consider companies with improving and stable earnings prospects, especially those companies with recurring income.

Going into the second half of 2022, both Imran and Fortress Capital’s Yong recommend banking stocks for investors looking for good dividend yields.

Describing banking stock dividends as “attractive”, Yong says the banking sector will benefit from an early interest rate hike cycle.

“Investors with lower risk appetite may also consider some telecommunications and utility stocks with defensive earnings,” according to him.

Imran says banks such as Malayan Banking Bhd (Maybank) and Affin Bank Bhd are “worth looking at”, although he adds that these are not strictly dividend stocks.

“Banks provide steady dividends and there may be an upside potential given that the economy is recovering,” he says.
MIDF Research has a “buy” call on Maybank .

https://www.thestar.com.my/business/business-news/2022/06/25/seeking-refuge-in-dividend-stocks-aye-or-nay

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (a substantial shareholder) acquired 2,590,000 shares on 22-Jun-2022.

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (a substantial shareholder) acquired 621,000 shares on 23-Jun-2022.

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (a substantial shareholder) acquired 2,183,000 shares on 24-Jun-2022.

Under the current sustained high inflation scenario, we believe investors should seek refuge in stocks of companies with strong pricing power. We acknowledge that these are rare in our market, but we believe there are no lack of “near-proxies” for pricing power, which we define as “companies that are able to maintain their margins despite the rising cost pressures”.

• We see them in: (1) Service-based industries that have kept wage pressures at bay, i.e. Banks
Our Overall Top Picks are MAYBANK......etc

Source: Kenanga Research - 28 Jun 2022

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2022-06-28-story-h1625237239-3QCY22_Investment_Strategy_Inflation_Posing_Challenges_But_Opportunitie

Smart investor.....

.....surely will get richer......

https://www.thestar.com.my/business/business-news/2022/06/25/seeking-refuge-in-dividend-stocks-aye-or-nay

https://www.thestar.com.my/business/business-news/2022/06/25/seeking-refuge-in-dividend-stocks-aye-or-nay

More than 10 million shares done at 8.88 :)

For now, fund will park in high dividend stock, getting a yield of 6 to 7% from this Tiger while waiting for market to recover....and another bull run.

https://www.theedgemarkets.com/article/jpmorgan-strategists-say-stocks-imply-85-chance-us-recession

“The good news is that while the recession may come as soon as the end of this year, it is likely to be a regular cyclical slowdown lasting six months or so, and this means that while investors need to focus more and more on defensive stocks for now, the end of the recession and another bull market will be coming in 2023.”

Cslee1215......good buy for stable stream of passive income during uncertain market...and potential capital gain over medium term......

Can expect another dividend of 26-28 sen in October

Cslee1215....YES! if you buy at current price, after 4 months, you are paying only about 8.50 net

.....buying at 8.50 this year, is attractive, for next 2-3 years recovery play.

When drop kaw kaw, choysun is happy....opportunity strikes for him :p

https://www.nst.com.my/opinion/letters/2022/06/802484/bank-heart-does-exist

https://klse.i3investor.com/web/stock/analysis-price-target/1155

https://klse.i3investor.com/web/stock/analysis-price-target/1295

Investment Bank ----------TP MBB -----------TP PBB

RHB-OSK ------------------10.40 --------------4.90

Aminvest ------------------10.30 --------------4.70

Kenanga -------------------11.05 -------------4.40

HLG ------------------------9.70 --------------4.80

Go read what analysts covering both the banks have to say and their prediction on the price targets.

PE is based on rolling 4 quarters....last year 3Q was negative...
...if based on current eps of 14 sen...annualised is 56 sen....pe is less than 10 times

Will top up tomorrow if it stays at today's level.

Result is VERY GOOD.

All banks last minutes pushed up kaw kaw in very heavy volume :p

https://www.theedgemarkets.com/article/bursa-malaysia-ends-intraday-high-late-buying-klci-175

Total turnover increased to 3.8 billion units worth RM6.11 billion from 3.05 billion units worth RM1.82 billion on Monday.

...haha....newbie2019...why average so high ?? :p

https://www.thesundaily.my/business/foreign-funds-inflow-will-continue-in-second-half-of-2022-rakuten-FA9266667

https://www.thesundaily.my/business/foreign-funds-inflow-will-continue-in-second-half-of-2022-rakuten-FA9266667

KukuChiaoMe....2 and 3......all got suspended....haha

KUALA LUMPUR, May 27 ― CGS-CIMB has reiterated its ‘add’ call on Malayan Banking Bhd (Maybank), as the bank is set to benefit from the forecast overnight policy rate (OPR) hike in the second quarter of this year (Q2 2022F).

“We expect Maybank’s net profit to increase quarter-on-quarter to RM2.05 billion to RM2.1 billion in Q2 2022F as it will start to benefit from the positive impact of the hike in the OPR.

“We also expect the bank to see year-on-year net profit growth of between 4.0 per cent and 7.0 per cent in Q2 2022F,” it said in a research note today.

“As such, we have increased our target price for Maybank’s shares to RM10 from RM9.80,” it said. ― Bernama

Maintain BUY and MYR10.40 TP, 16% upside with c.6% FY22F yield. Malayan Banking’s 1Q22 results are within expectations, with lending tracking expectations but fee income weaker on volatile markets. Management is keeping its credit cost guidance, as it stays cautious on outlook and asset quality. Stay BUY, given the bank’s steady operations, strong capital and attractive dividend yield.
Source: RHB Research - 27 May 2022


Maintain OUTPERFORM and TP of RM11.05. Our TP is based on an unchanged GGM-derived FY23E PBV of 1.44x (1.5SD above mean).
We like the stock for its dividend prospects. Despite the group’s constant dividend guidance of 40-60% payout, it has consistently paid at c.80% which translates to yields of 7-8%.
Source: Kenanga Research - 27 May 2022


We maintain our BUY call on Malayan Banking (Maybank) with a revised fair value (FV) of RM10.30/share from RM10.00/share after rolling forward our valuation to FY23F, pegging the stock to a P/BV of 1.3x supported by an ROE of 11%. Our FV has taken into account a premium of 3% based on a 4-star ESG rating.
Source: AmInvest Research - 27 May 2022

Wow.............

@nhbeen maintaining 4Q21 profit of about 17+ sen after factoring cukai makmur is considered quite commendable ......next few q profit should see some improvement after factoring in OPR increases.....at current rate, full year should see a little improvement or at least maintain last year profit.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3262040

MBB guidance for this year is a ROE of 9+ %, maintaining around last year's level after factoring in cukai makmur....so, still can expect the same level of dividend even after cukai makmur.
For Affin, Sorry, I don't track, so no comment.

Last year 1Q was very high.....2.3b....eps 20.9 sen...
...I don't think this year can match that....anything above 18 sen is reasonably good, I guess.

https://www.maybank.com/en/investor-relations.page

@nhbeen....I think I saw it somewhere in their website, forgot where...

....as usual, for this year all their report will be released on the last Thursday on the month...
...meaning 1Q tomorrow and 2Q on 25th August...and so on.

The KuKuChiao3 got suspended till 8-6-22....haha

The KuKuChiaoMe got suspended till 13-7-22

...so he got time to go see a doctor and get his medicine haha

...even it stays at these levels for a few years, I will still be happy...bcos I will be "winning" about 60 sen every year....

....but chances are it will trade much higher in coming years...

....their target for the M25 plan is an EPS of above 100 sen...

....at 15 times PE (when market is good) it's RM15 :p

@jeff.....report will be out tomorrow at mid day break....let's see it first.

....lately, ASB has started selling again but good thing is price in holding up quite well....meaning shares were changing hands among the big players...

....EPF has been trading the market....selling for a few sen gain and buying back when price is at few sen lower

....in this market, when is difficult to find capital gain, high dividend stock like this one is the best place to park and let your money to work for you while waiting for global market and economy to recover,,,,it could take years....so during this time, you still get a yield of 6 to 7 %.

How the share price will move is anyone guess...but better dividend is almost a certainty.

KUALA LUMPUR (May 11): Bank Negara Malaysia’s Monetary Policy Committee (MPC) had on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from the record low of 1.75% as global inflationary pressures have increased sharply and after taking into account that the sustained reopening of the global economy and improvement in labour markets continue to support the recovery of economic activity.

https://www.theedgemarkets.com/article/bnm-raises-opr-2-record-low-175

https://www.theedgemarkets.com/article/bnm-raises-opr-2-record-low-175

This is the No. 1 blue chip and it's not suitable for small boy.......

Wow....Dow super green......SKYLIMIT ??

If it holds and consolidates for 1 to 2 months, then will probably top up a little for the coming dividend announcement at end August

I have not sold any since I started buying in March last year, quite loaded already :p