Any smart investor who has sold all his banks stocks?

Congratulations to him.

Any smart investor who has sold all his banks stocks?

Congratulations to him.

https://www.theedgemarkets.com/article/wall-street-ends-higher-bank-stocks-rise-treasury-yields

The S&P 500 banking index rallied 1.9% after the benchmark 10-year U.S. Treasury yield hit its highest level since November 2019 on mounting expectations the U.S. Federal Reserve will start tightening monetary policy.

Shares of Bank of America Corp, JPMorgan Chase & Co and Wells Fargo all gained over 1%.

The S&P 500 banking index rallied 1.9% after the benchmark 10-year U.S. Treasury yield hit its highest level since November 2019 on mounting expectations the U.S. Federal Reserve will start tightening monetary policy.

Shares of Bank of America Corp, JPMorgan Chase & Co and Wells Fargo all gained over 1%.

https://www.theedgemarkets.com/article/wall-street-ends-higher-bank-stocks-rise-treasury-yields

Financial lead gain in US tonight....up 1%

Surprised.

1,006,000 shares shorted today.

Who is so brave ??

About 10 more trading days, and we will get to compare ang pau money with the No. 2.....let's see....

@intrigue83......Yes!

Heng Ong Huat to shareholders only.....

....Gong Xi Fa Cai to all MBB shareholders....

Wow.....lai liao

....anything higher is bonus

....lower is disappointment

@Jaya26.....IF higher than last year, then you will be correct :p

....last year's final dividend was 38.5 sen.

.....but I am only expecting 28 to 34 only :)

@intrigue83...announcement of dividend will be together with the release of 4Q21 report at the end of this month....announcement of ex date will be after AGM and payment will probably in May.

https://www.theedgemarkets.com/article/alternative-views-genting-hks-liquidation-start-new-era-lim

The best part of the liquidation of Genting HK is that it has assets in the form of the ships, aircraft, land and shipyards in Germany. Based on the figures in its 2020 annual report, the estimated recoverable amount from the cruise ships, aircraft and German shipyards is more than US$5.7 billion.

The total borrowings of the group as at the end of June last year are US$3.9 billion, out of which the default amount is about US$2.8 billion.

Top up some at 4.44....nice numbers....(bought back sold during July last year)....made trading gain of 46 sen :)

https://www.theedgemarkets.com/article/alternative-views-genting-hks-liquidation-start-new-era-lim

The best part of the liquidation of Genting HK is that it has assets in the form of the ships, aircraft, land and shipyards in Germany. Based on the figures in its 2020 annual report, the estimated recoverable amount from the cruise ships, aircraft and German shipyards is more than US$5.7 billion.

The total borrowings of the group as at the end of June last year are US$3.9 billion, out of which the default amount is about US$2.8 billion.

https://www.theedgemarkets.com/article/rhb-keeps-overweight-call-banks-december-data-continued-indicate-recovery-trajectory

For the sector, their top picks of Malaysian banks are CIMB Group Holdings Bhd (target price [TP]: RM6.30), Malayan Banking Bhd (Maybank) (TP: RM10.60) and AMMB Holdings Bhd (AmBank) (TP: RM3.90).

Wish everyone A Happy & Prosperous Tiger Year Blessed with Excellent Health.

Wish everyone A Happy & Prosperous Tiger Year Blessed with Excellent Health.

Wish everyone A Happy & Prosperous Tiger Year Blessed with Excellent Health.

Wish everyone A Happy & Prosperous Tiger Year Blessed with Excellent Health.

Enjoy the 15 days CNY kaw kaw...and come back end of the month to check how much "ang pow money" our company will declare for share holders.

Gong Xi Fa Cai....Cheers........

In stock market, anything is possible...

...before this...

...below 5.00 people say buy

...below 4.80 strong buy

...below 4.60 all in

...see now....

...still buying :p

Banks have already made partial provisions

https://www.theedgemarkets.com/article/maybank-says-allegations-it-will-face-major-financial-trouble-exposure-genting-hong-kong-are

Maybank added that it has a rigorous asset quality monitoring process, whereby vulnerable borrowers are identified and managed accordingly from the onset of any potential asset quality weakness.

"As such, loan provisioning will be proactively made from the beginning of any such asset quality weakness based on the borrower's risk rating with the bank. Therefore, Maybank would like to state that our current net credit charge of guidance for loan provisioning remains unchanged and we can confirm that our financial position remains strong," the bank's spokesperson added.



https://www.thestar.com.my/news/nation/2022/01/30/malaysia039s-banking-sector-remains-resilient-in-facing-operational-challenges-says-finance-ministry

"Today, the non-performing loan ratio is only 1.4 per cent, including the provision for a partial non -performing loan ratio for loans by Genting Hong Kong." said Tengku Zafrul.- Bernama

Banks already made partial provisions la....

https://www.thestar.com.my/news/nation/2022/01/30/malaysia039s-banking-sector-remains-resilient-in-facing-operational-challenges-says-finance-ministry


"Today, the non-performing loan ratio is only 1.4 per cent, including the provision for a partial non -performing loan ratio for loans by Genting Hong Kong. said Tengku Zafrul.- Bernama

For the week from 10/1 to 14/1, where the price traded within 8.28 to 8.50, foreign fund net bought 5.9m shares ie. 0.05%

Latest foreign holding is 16.41%

Foreign shareholding is at highest since June 2021.

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/01/30/investors-find-refuge-from-market-turmoil-in-south-east-asia---thailand-philippines-and-singapore-favoured-spots


SINGAPORE, Jan 30 (Bloomberg): Global risk assets may be tumbling after the Federal Reserve’s hawkish pivot, but the modest reaction in Southeast Asian markets points to a pocket of resilience that offers opportunities to investors.

Banks, energy and stocks that can benefit from reopening economies look set to beat other sectors in such an environment. Financials and energy shares make up almost 40% of the region’s benchmark, with less than 2% in tech shares, according to data compiled by Bloomberg.

"We certainly have been looking at Asia as a good place to be right now,” said Elisabeth Colleran, a portfolio manager for emerging market debt at Loomis Sayles & Co. "You are starting from a better cushion in Asia” in terms of higher spreads compared to US. peers too, she said. - Bloomberg

What will happened to pledged shares if they are not redeemed, will creditors keep for long term investment or will they be sold off, anyone got any idea?

https://klse.i3investor.com/servlets/ptres/61771.jsp

Based on its most recent annual report, it appears that there are no GENM shares pledged by the holding company as collateral, though 14.8% or 570m Genting Bhd shares have been pledged for financing.

Source: PublicInvest Research - 28 Jan 2022

Haha....noted.

Your friend so quite tonite :p

Based on its most recent annual report, it appears that there are no GENM shares pledged by the holding company as collateral, though 14.8% or 570m Genting Bhd shares have been pledged for financing.

Source: PublicInvest Research - 28 Jan 2022



Is the mentioned USD600m unsecured loan being pledged by 570m Genting shares during the negotiation in August 2020 ??

Based on its most recent annual report, it appears that there are no GENM shares pledged by the holding company as collateral, though 14.8% or 570m Genting Bhd shares have been pledged for financing.

Source: PublicInvest Research - 28 Jan 2022



Is the mentioned USD600m unsecured loan being pledged by 570m Genting shares during the negotiation in August 2020 ??

Is the mentioned USD600m unsecured loan being pledged by 570m Genting shares during the negotiation in August 2020 ??

Any implication from troubles at Genting HK? As for any potential impact from the liquidation of Genting HK, we do not expect any major ramification given that there were no cross shareholdings except for Tan Sri Lim Kok Thay being a common shareholder. Also, based on its most recent annual report, it appears that there are no GENM shares pledged by the holding company as collateral, though 14.8% or 570m Genting Bhd shares have been pledged for financing.

Source: PublicInvest Research - 28 Jan 2022

During a boring day, it always fun to come here :p

Wow...SSP888 very keng ah.....non stop action but total posts remains at 280 posts ONLY.....hahaha....

This is the No.1 blue chip, only suitable for serious investors and not suitable for fan boys.....so, hope they do not waste their time here.

Then please do not come back to waste your time here....bye.

@sifu tolle...rich people make smart investment to get richer....while poor jokers need to lie, hoping to cari makan nasi lemak....LOL

https://www.theedgemarkets.com/article/maybank-names-khairussaleh-ramli-new-group-president-and-ceo

Prior to his appointments at RHB, he had served over three years at Maybank as its group chief financial officer (CFO) for three years before heading Maybank’s Indonesian operations as president-director and CEO.

“His other corporate sector experiences include positions as Group Chief Strategy Officer at Telekom Malaysia Berhad, CEO of TM Ventures and Chief Financial Officer at Bursa Malaysia Berhad, where he led the listing of the company on its own exchange in 2005. He also spent eight years at Public Bank Group in the Corporate Banking and Stockbroking/ Futures broking divisions.

“Datuk Khairussaleh holds a Bachelor of Science in Business Administration from Washington University and is a graduate of the Advanced Management Programme at Harvard Business School. He is also a Fellow Chartered Banker with the Asian Institute of Chartered Bankers,” the statement wrote.

Why is EPF everyday selling PBB at much larger numbers of shares compared to MBB ?

Is there anything that EPF knows about PBB that we don't ?

Fan boys after buying a little of their idol then feel so insecure about their purchase, need to come jaga this No. 1 blue chip 24/7

...haha...laugh die me.

EPF selling MBB only ???

https://klse.i3investor.com/insider/substantialShareholder/1295/24-Jan-2022/534030_2694769011.jsp

https://klse.i3investor.com/insider/substantialShareholder/1295/25-Jan-2022/534085_439252583.jsp

https://klse.i3investor.com/insider/substantialShareholder/1295/26-Jan-2022/534175_1816265128.jsp

https://klse.i3investor.com/insider/substantialShareholder/1295/27-Jan-2022/534275_3086495934.jsp

No CNY ang pow this year :p

Dropped almost RM1 from recent high, so, newbie2019 NTA down by about 100k? :p

Cash rich people will still need to put their money to work..

....one of the good place is low beta high dividend stock...

....while waiting the global markets to correct .....

Yes Jaya26....correct.

https://www.theedgemarkets.com/article/maybank-has-made-provision-variables-mco-30%C2%A0

Farid highlighted that Maybank has made a whopping non-performing loan provision of RM4.6 billion in 2020 which has also taken into account the likelihood of impairment this year.

“Most of it is done on the basis of macroeconomic variables to prepare Maybank for the eventual possibilities that there will be impairment come 2021.


https://www.theedgemarkets.com/article/maybank-says-allegations-it-will-face-major-financial-trouble-exposure-genting-hong-kong-are


Maybank added that it has a rigorous asset quality monitoring process, whereby vulnerable borrowers are identified and managed accordingly from the onset of any potential asset quality weakness.

"As such, loan provisioning will be proactively made from the beginning of any such asset quality weakness based on the borrower's risk rating with the bank. Therefore, Maybank would like to state that our current net credit charge of guidance for loan provisioning remains unchanged and we can confirm that our financial position remains strong," the bank's spokesperson added.

Rich investors will get richer...while poor jokers will remain poor...that's a fact.

https://www.theedgemarkets.com/article/rhb-bank-chief-datuk-khairussaleh-ramli-sees-leave-absence-jan-24


The announcement came at the time when Khairussaleh’s former employer Malayan Banking Bhd (Maybank) is looking for a successor to its current group president and CEO Datuk Seri Abdul Farid Alias who will step down on Aug 1.

“Maybank does not comment on market speculation. As indicated in Maybank’s press release dated Jan 3, 2022, the process of identifying a new Group President & CEO of Maybank is underway.

"Any announcement pertaining to this impending appointment will be made at the appropriate time,” said Maybank in response to a Bloomberg report that the country’s biggest lender is hiring Khairussaleh as its CEO.

@Jaya26...yes 20 sen discount from recent trading range is quite a bargain....very busy these few days, not free to get my bullets yet :)