https://klse.i3investor.com/servlets/ptres/62043.jsp

https://klse.i3investor.com/servlets/ptres/62096.jsp

https://klse.i3investor.com/servlets/ptres/62054.jsp

https://klse.i3investor.com/servlets/ptres/62044.jsp

Nasdaq turns green...haha

@Jaya26....yes, hope so.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3236073

This year they proceed with the process for dividend payment very fast, unlike last year which they waited for the conclusion of AGM...

....guess can get dividend payment by end April.....

Can expect similar good dividend for 2022 also, even after factoring in cukai makmur.......

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3235915

Although overall sustained economic recovery is expected in 2022, the Group anticipates that its return on equity for
FY2022 will be similar to that of FY2021 and has set a Headline KPI of between 9.5% and 10%, taking into
consideration the impact from the higher one-off Prosperity Tax announced by the federal government of Malaysia.

Go google to check one year return for both to see as at today's price which give better capital appreciation.

Management give guidance that ROE can be maintained at 9.5 to 10% for 2022 after factoring the impact of cukai makmur.

Dividend 22.5 sen cash, DRP 7.5 sen....total 30 sen.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3235915

EPS 17.32 sen

Dividend 30 sen

https://www.theedgemarkets.com/article/hedge-funds-slash-tech-pivot-other-strategies-says-goldman-report

BRUSSELS (Feb 23): US hedge funds have been slashing positions in technology stocks, and started 2022 more tilted towards cheaper shares than at any time in over a decade, according to Goldman Sachs Group Inc.

Funds with US$2.6 trillion of gross equity holdings have reduced positions in more expensive growth sectors in favour of energy and financials, he said.

@choysun today, old man low beta stock traded volume 10 times of high beta Genting :p

@choysun...Yes, but it depends how much more the funds have to buy, let's see....anyway, today's buying was very strong..till the very last minutes before pre close...

Countdown to FY21 report....good start today :)

Jaya26....Yes !

Probably Thursday lunch break.

https://www.theedgemarkets.com/article/midf-upbeat-export-data-lifted-foreign-inflow-rm955m-last-week

wow....955m

Yes choysun, topping up slowly :)

Compared to EM banks, Malaysian banks are super cheap.

https://www.theedgemarkets.com/article/saudi-lender-rajhi-rises-record-after-us4-billion-capital-plan

RIYADH (Feb 20): Al Rajhi Bank shares surged to a record after the second-biggest Saudi Arabian lender rolled out a $4 billion plan to grow its business.

The shares climbed as much as 7.1% to 169.8 riyals, the highest on record.

Al Rajhi Bank market insights:
• Al Rajhi Bank trades at 24 times its estimated earnings per share for the coming year.
• The company's dividend yield is 1.4% on a trailing 12-month basis and 1.9% based on Bloomberg Dividend Forecasts for the next 12 months.

In my portfolio, when Genting was 5.30...Maybank was 8.30...3 ringgit difference...

...now, more than 4 ringgit difference....banking stocks outperform among the recoveries.....

https://www.thestar.com.my/news/world/2022/02/20/macron-and-putin-agree-to-take-action-to-preserve-peace--elysee

PARIS (Reuters) - French President Emmanuel Macron and Russian counterpart Vladimir Putin agreed in a call on Sunday on the need to find a diplomatic solution to the Ukraine crisis, Macron’s office said on Sunday.


The two countries’ foreign ministers will meet in the coming days to that effect and will work on a possible summit at the highest level with Russia, Ukraine and allies to establish a new security order in Europe, the Elysee palace said.

https://www.thestar.com.my/news/world/2022/02/20/macron-and-putin-agree-to-take-action-to-preserve-peace--elysee

PARIS (Reuters) - French President Emmanuel Macron and Russian counterpart Vladimir Putin agreed in a call on Sunday on the need to find a diplomatic solution to the Ukraine crisis, Macron’s office said on Sunday.


The two countries’ foreign ministers will meet in the coming days to that effect and will work on a possible summit at the highest level with Russia, Ukraine and allies to establish a new security order in Europe, the Elysee palace said.

Cheers......

No. MBB is saving any new shares issue for DRP instead of Bonus.

It's better to reward shareholders with high dividend (inclusive of DRP) than bonus issues...because ex price from dividend can easily recover but price adjustment from bonus cannot recover.

@sreemani1316.....it's a million dollar question :)

...but for long term investor who is looking for value, at current price it's still super cheap if you make comparison to regional banks like DBS Group of Singapore.....the stock trades up 41% compared to a year ago, PE 15.8 times and dividend yield only 3.27%

https://www.google.com/search?q=share+price+of+dbs+group&sxsrf=APq-WBt79DusYaEsTLxCyrGf5SpnBYHCDQ%3A1644986873105&ei=-YEMYqHrBbvB3LUPl9GtwAg&oq=share+price+of+dbs+&gs_lcp=Cgdnd3Mtd2l6EAEYATIECCMQJzIECCMQJzIFCAAQgAQyBggAEBYQHjoHCCMQsAMQJzoHCAAQRxCwAzoHCAAQsAMQQ0oECEEYAEoECEYYAFDMDVj0EWClKmgBcAF4AIABVYgBrQKSAQE0mAEAoAEByAEKwAEB&sclient=gws-wiz


...MBB is only trading at about 13 times earning and a dividend yield of plus 7%

Wow...what a great effort!

Who says there is no free lunch?

ATK has given you all a free lunch :p

May be before the dividend ex date can hit :p

8.57....what an exciting week....

....Happy Weekend to all MBB shareholders....

Yesterday foreign fund net bought 228m....taking 2 days total to more than half a BILLION.....

Yesterday foreign fund net bought 228m....taking 2 days total to more than half a BILLION.....

@Jaya26, yes...current foreign holding of 16.41% is still very low versus its' peak of 25.99%....

....hope there will be more foreign buying in coming months.

Noted, thanks jeff.

Wow.....

...choysun toll....

...kung hei fatt choy :)

Agree, future price nobody knows, it's just a prediction :)

@TreeTopView...this is just short term trade....at current price, this is still a good long term hold.

Banking stocks should be good investment for this year and next.

Happy investing :)

This banks was up sharply yesterday, foreign fund net bought 280m shares yesterday.

This stock is a foreign fund favorite.

For Malaysian banks, if you want the best dividend yield, you buy MBB.

If you want good appreciation (at current prices), you buy CIMB.

RHB Bank rose and tested the RM5.65 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM5.89, followed by RM5.97. The downside support is marked at RM5.41. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.65

Target: RM5.89, RM5.97 (time frame: 2-4 weeks)

Exit: RM5.41


Source: AmInvest Research - 10 Feb 2022

@TreeTopView....haha there's one super sick in Genting forum who declared that he has sold all his banking stocks...hoping to create some negative sentiment on banks just because he doesn't own MBB....haha...really laugh die me, this super sick.

Very Gooooodddd ........

Posted by StartOfTheBull > Feb 9, 2022 4:41 PM | Report Abuse

Haha. Maybe cut loss or cut win already.


_______________________________________________________________________

haha....

Very exciting day today......more to come in coming days....

Wow...KLCI breached 1550....cheong ah.....

SSP888 sleeps liao....haha

Time to get on board for Banks' super rally this year and next.

Cheer louder, then only the price can cheong mah :p

Cheong ah............

Huat ah..................

Choysun tol....

Choysun tol.......

Kung Hei Fatt Choy........

Super Green Day....

My screen ALL green....

Genting...go...go...go....