https://www.theedgemarkets.com/article/cimb-thais-6mfy22-net-profit-soars-122-yoy-212b-baht-better-cost-control-lower-credit-losses
KUALA LUMPUR (July 21): CIMB Group Holdings Bhd's 94.83%-owned subsidiary CIMB Thai Bank PCL's net profit for the cumulative six months ended June 30, 2022 (6MFY22) jumped 122% year-on-year (y-o-y) to 2.12 billion baht from 1.16 billion baht.

The improvement was mainly attributed to better cost control with a 7.4% decrease in operating expenses and a 63.7% decrease in expected credit losses, according to a statement to the local bourse on Thursday (July 21).

https://www.thestar.com.my/business/business-news/2022/07/20/banks-make-allowance-for-loan-losses#cxrecs_s

https://www.malaymail.com/news/money/2022/07/20/maybank-ib-positive-on-banking-sector-expects-write-backs-to-enhance-earnings/18417

....and next year can expect higher dividend from write backs :)

The real show will probably start on 25th August and continues towards the end of year....

Never mind, the real show has not started.....this morning it's just trailer only :p

So quiet this morning.
"non investors" got no jokes to tell
investors waiting at sideline, must have bought quietly...haha :)

Buy at current price......after mid October, your net cost will be around 8.3 lor.

Nice......

It's because this poor clown is feeling very stress waiting so long and the rich is still not getting any less richer...haha.......LOL.

https://www.theedgemarkets.com/article/maybank-secures-aa-rating-msci-esg-ratings

KUALA LUMPUR (July 18): Malayan Banking Bhd (Maybank) has received an "AA" rating from MSCI ESG Ratings for the second consecutive year.

In a statement on Monday (July 18), Maybank said the leadership rating of "AA" places it among the top 36% of 189 diversified banks rated globally based on the MSCI ACWI Index (All Country World Index), of which only 4% achieved the highest rating of "AAA".

https://klse.i3investor.com/web/pricetarget/research/59261

Yes, correct, a target EPS of above 100 sen per share.


Maybank said the group has set its desired long-term outcomes by 2025, including an aspirational return on equity (ROE) of between 13% and 15%, a cost-to-income ratio of below 45%, earnings per share (EPS) of more than 100 sen and delivering a dividend payout ratio of between 40% and 60% on a net cash basis.

https://www.theedgemarkets.com/article/maybank-set-fiveyear-plan-achieve-1315-roe

They are "non investor"
....use what to short?
....his dua biji telur ??

EPF has been selling many counters lately.....I suspect, may be, they are accumulating bullets for their "feel good" project pre GE15 :p

Go check what are the top gainers of S&P in US tonight.......

Yes.
I think it will be a U.
So, you park in high dividend while waiting for sentiment/economy to improve....6 to 7% returns is considered quite attractive.

After so many months of negative news, the performance of global markets these few days seemed to suggest that all the news have more or less being priced in and is looking forward for a better 2H22.

After staying at sideline for the past few months, I have started to buy cautiously since yesterday.

The rich always do the opposite of what the poor think !

Wow....congratulation choysun for shopping at the right time :)

Haha.....in this kind of market, the best place to shop...is high dividend stock

....come come to catch more tigers :p

Stable asset quality and moderate loan growth should keep capital ratios at solid levels. Notwithstanding Cukai Makmur, we expect banks to sustain FY21 dividend payout ratios in FY22F.

Stay OVERWEIGHT, prefer Hong Leong Bank, AMMB and Malayan Banking.

MAYBANK
Price Target:
10.40
Price Call:
BUY
Last Price:
8.62
Upside/Downside:
+1.78 (20.65%

Source: RHB Research - 13 Jul 2022

https://klse.i3investor.com/web/pricetarget/research/63905

Wah....choysun continue to shop non stop....haha...:p

Wonder why jokers who cannot afford to own but still like to visit our No.1 blue chip club.

Joker busy getting himself suspended....this time till November....haha..

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