Too much DRP may not be a good thing.
1) it increases the share issue, thus diluting future EPS

2) fund which needs cash to pay dividend might sell their DRP, thus creating more selling pressure.

Some, but not too much is a win win.

Dow up 500.....huat ah.....

@choysun, during price fixing, 8.20 was just a 3.6% discount....
..BUT on exdate, possibility the price might be 9.30, so after ex at 9.00, will result your DRP having a 80 sen (10%) discount by then...haha

Cheers.....

@jeffchan1901, the price fixing, if started on declaration date, should have completed today, average price about 8.80, so ex price will be 8.50.
Based on last year's DRP discount of about 3.6%, DRP should be about 8.20.

Can expect announcement tomorrow or Friday.

Approval for the listing of DRP shares obtained.
This year very early compared to last year.
Maybank Boleh !

Bcos it's a mid size bank, it attracts less fund interest.
Look at today's trading among banks after all have reported, Maybank seems to attracts very good buying interest.

The announcement of DRP and ex dividend date will probably on this Thursday or Friday.

Ex date will be 2 weeks from announcement date and payment will be 1 month from ex date....so it will probably be on 2nd half of April.

@TTV...yes the quantum of dividend is a big pleasant surprise.

The cheapest banks...PE 9 times...

...but the share price is the most under perform in my banks portfolio.

@TTV...yes, very good results....Very good dividend !

Full year 2021 of top 2 Bank.


MBB----- EPS:69.74 sen---- Net Asset:RM7.2219---- Dividend:58 sen

PBB----- EPS:29.13 sen---- Net Asset:RM2.4812---- Dividend:15.2 sen

Momentum Gathering Pace

The Group finished off the 2021 financial year strongly, with a 4QFY21 net profit of RM2.06bn (+33.8% YoY, +22.1% QoQ). Cumulative 12MFY21 net profit of RM8.09bn (+24.9% YoY) is ahead of our expectations at 106% of full-year numbers, but within consensus at 103%. Margins improved sequentially, and for the year, which we had under-estimated.

We continue to like the Group’s prospects, underpinned by its M25 initiatives, and affirm our Outperform call with a higher dividend discount-based target price of RM9.70 (RM9.30 previously).


Source: PublicInvest Research - 25 Feb 2022


https://klse.i3investor.com/blogs/PublicInvest/2022-02-25-story-h1599291077-Malayan_Banking_Berhad_Momentum_Gathering_Pace.jsp

As the dominant market leader, we believe the group may struggle less with loans and deposits acquisition with sound economies of scale to ensure long-term operational sustainability. Maintain OUTPERFORM with a higher GGM-derived PBV TP of RM10.85 as we introduce and rollover to FY23E earnings.

Source: Kenanga Research - 25 Feb 2022

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

@Cslee1215....you are most welcome. We share, learn and prosper together.

Congratulation on your top up in early November...wise decision.

@jeffchan1901....Yes, we share, learn and huat together.

Global markets are sharply higher....hope the huat can continues :)

Cheers........

@choysun....whole world sharply higher.....Huat ah...

DJ up 400+ .....Huat ah.....

19.98m shares traded, very good volume.

Fatt fatt fatt 888 to all tigers :)

Posted by Cslee1215 > Feb 4, 2022 9:26 AM | Report Abuse

30 my guess :)

_____________________________________________________________________

Spot on.....very good :)

@jeffchan1901....congratulation for switching to MBB from TNB....wise decision.

MBB dividend 30 sen....full year total 58 sen.

PBB dividend 7.7 sen....full year total 15.2 sen

PBB dividend 7.7 sen :)

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