PUTRAJAYA: The National Security Council has agreed to allow individual states to transition into the next phase of the National Recovery Plan (NRP) once they meet their respective threshold indicators for each of the phases.

The matter was announced during a joint press conference between Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob and Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today.

https://www.nst.com.my/news/government-public-policy/2021/07/704780/no-more-blanket-phase-1-all-states

https://www.nst.com.my/news/government-public-policy/2021/07/704780/no-more-blanket-phase-1-all-states

PUTRAJAYA: The National Security Council has agreed to allow individual states to transition into the next phase of the National Recovery Plan (NRP) once they meet their respective threshold indicators for each of the phases.

The matter was announced during a joint press conference between Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob and Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today.

https://www.thestar.com.my/business/business-news/2021/07/03/opt-in-moratorium-more-manageable-for-banks


He points out that banks will still be able to recognise interest income, despite the payment deferments.

“The concern is, however, on the liquidity of banks as cash flow may be affected.

“However, we understand that Bank Negara will provide liquidity support.


______________________________________________________________________

Cut SRR instead of OPR....haha :)

Source : KENANGA
Stock : MAYBANK Price Target : 10.75 | Price Call : BUY
Last Price : 8.12 | Upside/Downside : +2.63 (32.39%)

Henceforth, our top pick for 3QCY21 is MAYBANK (OP; TP: RM10.75) as its industry-leading dividend yield (7-8%) and dividend-to-ROE would provide sizeable buffers for investors seeking a long-term play amidst ongoing macroeconomic uncertainties. Additionally, its GIL ratio is still fairly within the industry average of c.2.2% which indicates the bank has sound asset quality measures despite being the market leader (c.30% financing share) between the 10 banks within our coverage.

https://klse.i3investor.com/servlets/ptres/60102.jsp

Industry-leading dividend yield (7-8%)

Source: Kenanga Research - 1 Jul 2021

Haha....100 % agree.

Source : HLG
Stock : MAYBANK Price Target : 9.40 | Price Call : BUY
Last Price : 8.11 | Upside/Downside : +1.29 (15.91%)

Source : HLG
Stock : PBBANK Price Target : 4.50 | Price Call : BUY
Last Price : 4.12 | Upside/Downside : +0.38 (9.22%)

@choysun....with Rakuten, your shares are parked in nominee account...why not go open your personal CDS account....can "feel more secure" with your shares in own CDS account...haha:)......also dividend payment will be faster.

Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.90/share), Maybank (FV RM10.40/share) and CIMB Group (RM5.60/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.

Source: AmInvest Research - 1 Jul 2021

Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.90/share), Maybank (FV RM10.40/share) and CIMB Group (RM5.60/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.

Source: AmInvest Research - 1 Jul 2021

Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.90/share), Maybank (FV RM10.40/share) and CIMB Group (RM5.60/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.
Source: AmInvest Research - 1 Jul 2021

We orate buying-on-weakness and highlight MAYBANK (OP; TP: RM10.65) as our favourite pick in the sector. Its industry-leading dividend yield (7-8%) and dividend-to-ROE provide sizeable buffers for investors seeking a long-term play amidst ongoing macroeconomic uncertainties. Additionally, its GIL ratio is still fairly within the industry average of c.2.2% which indicates the bank has sound asset quality measures despite being the market leader (c.30% financing share) between the 10 banks within our coverage. Further, its high fixed-rate loan mix (c.28%) is offset by its high CASA-to-deposit ratio (c. 40%) to cushion OPR fluctuations in the near-term.

Source: Kenanga Research - 1 Jul 2021

Nobody ask you to buy or sell anything.
Just to clarify that the dividend of 33 sen declared in previous September was before bonus issue.....
....and just to compare the expected dividend comes this September....
....this is just sharing info....what's wrong with that....

Corrupt lap dog....lan si lan yong....see his face feel like slapping him.

https://www.theedgemarkets.com/article/mah-sing-records-rm6505m-sales-5m21-meeting-40-annual-target

Selling at 8.11 was well absorbed....

....more than 3 million shares done during pre closing.

Yes. Looking at recent trading pattern ( past few weeks) MBB looks more stable.

4 weeks range 8.12 to 8.30

PBB 4 weeks range 4.10 to 4.27

“That said, we don't foresee a substantial jump in the moratorium take-up rate from the current 15%. That's because of the additional interest burden that will be accrued for moratorium borrowers and still healthy balance sheets for most household and corporate borrowers in Malaysia,” it said.

S&P base case suggests most weak credits are already covered by the ongoing targeted assistance programs.

“Strong capital positions, sound liquidity conditions, and prudent risk management practices of local banks still anchor our current credit assessment of Malaysian banks.

Haha....last Sept was before bonus issue

Based on 33 sen...after BI then should be 6.6 sen.

In Sept MBB will probably be giving above 25 sen.

RM4 gets 6.6

RM8 gets 25

Which is better :p

CIMB up
RHB up
MBB flat
This one down :(

Cut grant meant for TAR UC....but increase allocation for MARA....

Atuk's lap dog.

All closed flat is GOOD.

If up, then the corrupt people will pressure the goverment to use our money to make him popular....see his face ...feel like slapping him.

PETALING JAYA: The latest loan moratorium under the RM150bil Pemulih package will not be interest free, but it would help borrowers by deferring the repayment to a later date.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said on Tuesday the banks will, however, waive the compounded interest or the interest charged on interest accrued during the six-month moratorium period, as well as any penalty charges.

The method of repayment, including on interest charges, is “between the borrowers and the banks”.

“You will have to discuss this with your respective banks.


“I don’t know the answer, but the interest charges will differ from bank to bank and from product to product.

https://klse.i3investor.com/blogs/hleresearch/2021-06-29-story-h1567089079-Banking_Wider_coverage_for_loan_moratorium.jsp

Retain OVERWEIGHT. We see negligible price reaction on the above development. Recall, back in late Mar-20 and early May-20, when BNM announced the automatic 6- mth loan moratorium and banks agreed to waive the additional hire purchase interest charge on borrowers (upon request by the MoF), on both occasions the KL Finance Index continued to trade sideways.

For large-sized banks, we like Maybank (TP: RM9.40) for its strong dividend yield offering, and Public Bank (TP: RM4.50) for its defensive qualities, over CIMB (TP: RM4.60). For mid -sized banks, RHB (TP: RM6.85) is favoured more than AMMB (TP: RM2.85) as the former has a higher CET1 ratio & also, larger FVOCI reserve to buffer against potential yield curve volatility.

https://klse.i3investor.com/blogs/AmInvestResearch/2021-06-29-story-h1567089053-BANKING_Automatic_moratorium_approvals_for_all_opt_in_individual_loan_b.jsp

We maintain our OVERWEIGHT stance on the sector with top picks of CIMB (fair value RM5.60), RHB Bank (FV RM6.90) and Maybank (FV RM10.40). We like CIMB, RHB and Maybank due to the expected improvement in core operating income coming from the gradual improvement in regional operations performance, progressive improvement in underlying NIMs and provisions for loan losses. Earnings of these banks are also expected to benefit from the improved performance of their Singapore operations which in 2020 were affected by provisions (overlays and specific provisions).

https://klse.i3investor.com/blogs/kenangaresearch/2021-06-29-story-h1567089109-Banking_Moratorium_Returns.jsp

For those who have to stay invested, we recommend accumulating MAYBANK (OP; TP: RM10.65) as its strong dividend yield potential (7-8%) will continue to provide cushion to investors seeking a long-term position. Additionally, despite being the leader in loans market share, it commands a fair GIL ratio of c.2% (within industry average). To us, this indicates that its books are well guarded with tight asset quality checks.

Oleh itu, sukacita saya umumkan, dengan kerjasama pihak bank,
moratorium enam bulan akan diberikan kepada semua peminjam individu, sama
ada dari golongan B40, M40 atau T20, dan usahawan mikro. Tiada lagi syarat
seperti pengurangan pendapatan, tiada semakan sama ada anda telah hilang
pekerjaan dan tiada lagi dokumentasi yang perlu dikemukakan untuk
permohonan. Anda Cuma perlu memohon dan kelulusan akan diberikan secara
automatik. Kemudahan ini juga ditawarkan kepada pengusaha PKS yang terjejas
tertakluk kepada semakan dan kelulusan pihak bank. Permohonan akan dibuka
pada 7 Julai 2021. Peminjam hanya perlu memohon dan menandatangani
perjanjian pindaan syarat-syarat pinjaman yang berkaitan.


______________________________________________________________________


Except vehicle HP, for other loan, if sign moratorium for 6 months need to pay interest ya.

But I think for vehicle HP....bank cannot change the monthly installment amount...so it's free, I guess.

Pls highlight if I am wrong

Just to postpone payment

Yes, no mention of "free" moratorium.

Dividend in account already....now waiting good entry level to put dividend back to work....this is call compounding...haha :)

FM said he had talked to EPF on the new assistance.....but EPF has still been accumulating lately.

https://klse.i3investor.com/insider/substantialShareholder/1155/21-Jun-2021/518215_610846271.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/22-Jun-2021/518416_1644673095.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/23-Jun-2021/518487_3258089206.jsp

https://klse.i3investor.com/insider/substantialShareholder/1155/25-Jun-2021/518713_1252947553.jsp

My guess is it will be blanket for B40 and targeted for M40 and T20.
It will not affect much because a lot of B40 is now already under targeted moratorium.

As the FM has said they might need to compensate for losses, may be BNM might act to release some holding fund to banks to minimise losses.

@Tedinvestor....yes and will slowly top up if it falls on moratorium.
50% of my fixed income from ASM is already in...and will top up another 10 to 20% if price is attractive.

Poor people like rotten apple who cannot afford to own bank shares after losing his underwear playing gloves stock, now everyday praying for auto loan moratorium like a beggar....so shameful.

Poor people like rotten apple who cannot afford to own bank shares...everyday praying for auto loan moratorium like a beggar....so shameful.

@choysun...yes correct.

But whether it's 8 or 10...no difference...because this is a "no sell" stock in my portfolio :p

For the past few days, EPF has been buying while ASB has been selling. (converting their DRP into cash, I guess)

Based on latest dividend, EPF pays higher....they must have better fund managers, I guess.

Follow the winners :)

Good for him....that's why ...name choysun :)

sh*tinvestor88 is not working hard enough for choysun to get cheap tickets :)

Warren Buffett once said: The stock market is a machine that transfers money from impatient investors to patient investors.

Posted by stkoay > Jun 18, 2021 5:01 PM | Report Abuse X

7.5 Million shares done at single price 8.20 during pre closing.

Fund managers play play......

______________________________________________________________________

Last Friday, Foreign Fund net bought 314 Million....Local Institution net sold 328 Million.

https://www.freemalaysiatoday.com/category/nation/2021/06/21/new-lease-of-life-for-tourism-in-a-matter-of-months-says-nancy/

Aside from Langkawi, the ministry has already identified Kota Kinabalu, Penang, Desaru Coast, Pulau Perhentian, Kuching, Melaka, Genting Highlands and Pulau Tioman as green bubbles.

@choysun....4.5 million shares done at pre closing.

7.5 Million shares done at single price 8.20 during pre closing.

Fund managers play play.......

https://www.theedgemarkets.com/article/malaysias-economic-health-gradually-recover-national-recovery-plan

When all is well, CGS-CIMB Securities Sdn Bhd expects investors to shift their portfolios in favour of recovery stocks (its key big-cap recovery picks are Maybank, Genting and Malaysia Airports) in the period leading to phase three of the recovery and Budget 2022.

https://www.theedgemarkets.com/article/malaysias-economic-health-gradually-recover-national-recovery-plan

When all is well, CGS-CIMB Securities Sdn Bhd expects investors to shift their portfolios in favour of recovery stocks (its key big-cap recovery picks are Maybank, Genting and Malaysia Airports) in the period leading to phase three of the recovery and Budget 2022.

Kacang hoping the rich will not get too much richer...haha lol.

My bet...no bullet...LOL