@staypositive....I missed the boat on early October...if it's coming back, I will top up some...if not, I just see song song only.
...actually to long term investor, what's important is the business and the dividend (that's the real deal)...not the share price...because it's for see song song only :)
...and for those who are continuing to top up....actually some correction is good...

Big funds changed hand 11 million shares during pre close.

We prefer underappreciated, laggard, lower beta banking stocks (which have similar recovery growth drivers) like Maybank (TP: RM9.40) as it present better risk-reward opportunity.


Source: Hong Leong Investment Bank Research - 21 Oct 2021


https://klse.i3investor.com/servlets/ptres/61022.jsp

Agree with Sharefisher......opening news have already been factored in....from now onward the stock will trade more on fundamental than on sentiment....and also on market direction.

https://www.theedgemarkets.com/article/malaysias-khazanah-raises-us160-million-cimb-group-share-placement

KUALA LUMPUR (Sept 10): Khazanah Nasional Bhd has successfully completed a placement of 138.4 million shares in CIMB Group Holdings Bhd (CIMB Group) at RM4.80 per share, raising gross proceeds of RM664.5 million.

The placement price represents a 2.8 per cent discount to the CIMB Group’s closing market price of RM4.94 on Sept 8, 2021.

Private placement is better than selling the stocks in the open market.

Khazanah also placed out CIMB at a discount a few weeks back....now, the shares rally.

Yes, tomorrow will put the dividend back to work, will buy some...

Where is the bomoh who predicted 2.50....haha...LOL

Last year when the price yo yo up down up down, this forum was so noisy...now, so nice uptrend...so quiet already...haha...

Nice close.

Foreign shareholding was at 23.6% in September

...from a low of 20.3% in May.

RM6 first....haha :p

SSP...volume spiked on Monday...why this morning volume was so thin?

When this one was at 5.53 on 19-3-21...CIMB was at 4.58 only...

....now CIMB is higher :p

CIMB overtook this one already :p

Aiya...want to follow newbie to trade some...queued some at 5.39 before market opens also cannot match :(

It seems the recovery buying are more on banks....look at CIMB...flying

Aiya...this morning didn't follow newbie2019 to sell some at 5.39 :(

For sector exposure, we like Alliance Bank and Maybank.

Source: PublicInvest Research - 15 Oct 2021

https://klse.i3investor.com/blogs/PublicInvest/2021-10-15-story-h1592708226-Banking_Clarity_on_URUS.jsp

A banking analyst understands that applicants will need to go through AKPK to apply for this scheme. "So these are genuine financially distressed individuals. The impact to earnings will be less than the earlier estimate, as it will be a smaller group that will be entitled to the interest waiver," the analyst said when contacted on this.

https://www.theedgemarkets.com/article/urus-give-interest-exemption-three-months-smaller-installments-b50-borrowers-%E2%80%94-pm

https://www.theedgemarkets.com/article/urus-give-interest-exemption-three-months-smaller-installments-b50-borrowers-%E2%80%94-pm

A banking analyst understands that applicants will need to go through AKPK to apply for this scheme. "So these are genuine financially distressed individuals. The impact to earnings will be less than the earlier estimate, as it will be a smaller group that will be entitled to the interest waiver," the analyst said when contacted on this.

https://www.thestar.com.my/news/nation/2021/10/13/pm-banking-sector-to-implement-urus---a-programme-to-aid-impacted-b50-borrowers


Waiver of interest will probably be targeted and not blanket.

Waiver of interest will probably be targeted and not blanket.

https://www.thestar.com.my/news/nation/2021/10/13/pm-banking-sector-to-implement-urus---a-programme-to-aid-impacted-b50-borrowers

CIMB and RHB have been outperforming the banks rally....

...they have one thing in common....they trade below book value.

...CIMB PE is at 13....and RHB PE is 9...

...so, it's obvious that foreign funds are buying banks which have good value...those trading at low PE , low price to book and high dividend.

...for those who are still hunting....don't miss the boat...BUY MBB

....PE 12 times....PB 1.1 times....dividend yield 7-8 %.

Profit taking well absorbed, volume traded higher than PBB....very good.

Posted by choysun > Oct 13, 2021 8:19 AM | Report Abuse

Today 5.30? :)

_________________________________________________________________________

@choysun : the .30 one is at MBB

...haha :p

So sad...this chun one predicted 8.80..

...my target 9.00 by year end :(

Regret to postpone my topping to November....should have listen to sifu tolle to buy some in early October :(

Wow....sifu tolle June 2022 will probably be achieved in the next couple of days...I guess....haha :)

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

Sifu tolle reached his target for the year....congratulation ya.

Haha.....:p

https://www.theedgemarkets.com/article/cimb-closes-rm5-first-time-february-2020

Banking stocks, regarded as a proxy to the economy, have attracted renewed buying on the back of an anticipated economic recovery, after more economic sectors were allowed to operate and the resumption of interstate travel in the country.

The Bursa Malaysia Financial Service index closed 140.90 points or 0.93% higher at 15,353.46.

CIMB’s larger rival Malayan Banking Bhd closed up 11 sen or 1.37% at RM8.16.

https://www.theedgemarkets.com/article/cimb-closes-rm5-first-time-february-2020


Huat ah.........

What so surprising ??

Look at CIMB...another FF favorite.

MBB is just warming up for the next wave...

....hopefully a powerful one for the year end rally.

....don't miss the boat ya :)

Wow....today, CIMB got 1st Prize

....RHB got 2nd prize

....MBB got 3rd Prize

...not bad :)

https://www.freemalaysiatoday.com/category/nation/2021/10/11/kin-of-borrowers-who-die-can-ask-for-lower-interest-charges-dewan-told/

“The banks have agreed not to charge compound interest or penalise borrowers in any form. Banks need the accrued interest on accumulated loan balances as they need to pay interest to their depositors, and bear financing costs,” said Yamani.

Yamani added that banks were discussing the request for a three-month interest moratorium extension for B40 borrowers, who were mentioned in the Memorandum of Understanding (MoU) on transformation and political stability signed by the prime minister and Pakatan Harapan leaders.

“This has to be studied as it will affect their financial status as well as their shareholders’ interests. A workable solution will be announced and implemented.”

Investment Bank Target Price / Fair Value

Public Bank : 9.30

Kenanga : 10.65

HLB : 9.40

Aminvestment : 9.90

What is he/she compared to Investment Bank Analyst?

Wakaka........

While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

https://www.theedgemarkets.com/article/temporary-assistance-programme-be-developed-ease-credit-burden-individuals-smes-struggling

"I would also like to clarify that in implementing the current moratorium, all banking institutions have taken various measures that help to further reduce the cost of credit, especially for the most affected borrowers, and go beyond the obligations set out in the original credit agreement," he said.

First, he said, all banks had agreed not to charge compound interest on interest or penalty interest on all product loans during the moratorium. While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

"Second, credit card holders can request to convert the balance of their credit card loan to a term loan at lower financing rates.

"Thirdly, borrowers who apply for assistance through AKPK and are among the most affected, such as borrowers who have lost their source of income or households facing the situation of the death of a breadwinner, can receive a reduction in interest costs from banks as one of the loan restructuring assistance packages," Tengku Zafrul added.

https://klse.i3investor.com/servlets/ptres/60949.jsp

Meanwhile, the US Treasury yields have recently continued to rise with 9 members of the FOMC in favour of an earlier rate hike in 2022 in the recent Fed meeting as compared to 7 previously. The pressure for rate hikes is expected to also spill over to the emerging markets including Malaysia. Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.



Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.80/share), Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.


Source: AmInvest Research - 4 Oct 2021

Tomorrow...MBB will open at the level it traded for the whole afternoon on Friday, before being pushed down during the close.....THAT IS 8.07.

...after that, up or down is anybody's guess...

...like my sifu tolle said....if you can correctly predict the market...Warren will pay you USD 1M to have a dinner with you

...haha :p

Comparing MBB vs Tenaga....my personal view is that MBB has got better value :

MBB 6 mths 2021 : EPS 38 sen...Dividend 28 sen...current price 8.05

Tenaga 6 mths 2021 : EPS 31 sen...Dividend 22 sen...current price 9.71

...and from historical records....MBB's dividend payout is more consistent.

@jeffchan1901 : For Tenaga...what I noticed is...while EPF has been buying MBB lately....but they have sold Tenaga quite a lot.

In September, EPF sold a total of 44M shares in Tenaga.
Don't know why, may be they were realigning their portfolio.

https://klse.i3investor.com/insider/substantialShareholder/5347/03-Sep-2021/523625_3271069049.jsp

https://klse.i3investor.com/insider/substantialShareholder/5347/06-Oct-2021/525949_332692457.jsp

@prudentinvestor : you are correct....the No.1 blue chip in Malaysia is trading at 12 times PE, dividend yield 7%, price to book 1.1 times....

...that's why, I, as a value investor is invested heavily in this stock.

@jeffchan1901 : It was just my personal observation, I may and may not be correct.
What I observed....most of the sell Q are in big quantity...and before this Q comes in in the early part of the morning, sell Q were very minimal...and on several occasion, a minutes before mid day break, sellers pulled out the, 3 Q you are able to see, all at the same time....and there were many days during the preclosing 10 minutes...buyer/seller are Q at preclosed price...but not a single trade was done during the 10 minutes.

....sifu tolle should be sharper at monitoring these types of movement...may be he can share with us.