It seems many traders own this stock, need time to flush them out before the price can hold firm.

Susah faham cakap apa.....

@Tedinvestor....agree, I think so.

Haha.....no one need to wait for the drp shares to come before they can sell...
....if investors want to convert their drp allocation into cash, they can sell anytime after the ex dividend date.

.....if you have 10k drp....you sell the shares in your hand first....then wait for the drp to add back to your existing shares....why need to wait for drp shares?? haha.

Malaysia’s Covid-19 vaccination rate has overtaken the average rate across Asia, with latest data showing the country is fast outpacing other major countries with vast populations in the Asean region.

It also showed a sharp upward trajectory as of May 30 in the rate of people given at least a first dose, in a sign of hope that the government’s goal of achieving herd immunity this year might be easily met.

Some 7.3% of the Malaysian population has received at least a first dose of Covid-19 vaccine since the start of the National Covid-19 Immunisation Programme in February, more than the Asian average of 6.47% as well as that of five other neighbouring countries with vast land and population sizes.

https://www.malaysianow.com/news/2021/06/08/sharp-rise-in-malaysias-vaccination-rate-as-it-beats-asia-average/

Dr Noor Hisham: Malaysia’s Covid-19 infectivity rate below 1.0 for second consecutive day.

https://www.malaymail.com/news/malaysia/2021/06/08/dr-noor-hisham-malaysias-covid-19-infectivity-rate-below-1.0-for-second-con/1980410

Dr Noor Hisham: Malaysia’s Covid-19 infectivity rate below 1.0 for second consecutive day

No automatic blanket moratorium....

....Covid new cases down....

....nice :)

Wow....huat ah....

Posted by choysun > Jun 5, 2021 4:59 PM | Report Abuse

And they are ramping up daily vaccination rate even more! Fantastic man. Can't wait to CucukMyAZ in July myself. Hahaha

_______________________________________________________________________

Wah choysun still a young man, still need to wait till July to cucuk AZ....haha :)

But just because we can, does that mean we should? Repeating the blanket moratorium also means that the government may need to significantly compensate banks for a measure that was not even necessary in the first place.

But just because we can, does that mean we should? Repeating the blanket moratorium also means that the government may need to significantly compensate banks for a measure that was not even necessary in the first place.

Just because we can, doesn’t mean we should

I was recently quoted in the media that the government cannot compel banks to give a blanket moratorium, and this was subsequently taken out of context by opportunistic quarters promoting their populist agenda. To clarify, under the Central Bank of Malaysia Act 2009 (CBA) and the Financial Services Act 2013 (FSA), the Minister of Finance does not have the authority to instruct the banks to give an automatic moratorium. Further, under the current Emergency (Essential Powers) Ordinance 2021, any new legislation has to be approved by Cabinet and then presented to the Yang Dipertuan Agong for His Royal Highness’ assent.

Section 4 of the Emergency Ordinance confers powers to the government to acquire and mobilise any resources necessary for public good, but Section 5 clearly stipulates that any compulsory measure by the government must be matched by a compensation to the party that has yielded its resources. In short, this cannot be done at zero cost to the government.

Just because we can, doesn’t mean we should

I was recently quoted in the media that the government cannot compel banks to give a blanket moratorium, and this was subsequently taken out of context by opportunistic quarters promoting their populist agenda. To clarify, under the Central Bank of Malaysia Act 2009 (CBA) and the Financial Services Act 2013 (FSA), the Minister of Finance does not have the authority to instruct the banks to give an automatic moratorium. Further, under the current Emergency (Essential Powers) Ordinance 2021, any new legislation has to be approved by Cabinet and then presented to the Yang Dipertuan Agong for His Royal Highness’ assent.

Section 4 of the Emergency Ordinance confers powers to the government to acquire and mobilise any resources necessary for public good, but Section 5 clearly stipulates that any compulsory measure by the government must be matched by a compensation to the party that has yielded its resources. In short, this cannot be done at zero cost to the government.

https://www.thestar.com.my/business/business-news/2021/06/05/why-use-a-sledgehammer-to-crack-a-nut

https://www.thestar.com.my/business/business-news/2021/06/05/why-use-a-sledgehammer-to-crack-a-nut

KUALA LUMPUR, June 5 — Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long fight against the Covid-19 pandemic, the finance minister argued today.

KUALA LUMPUR, June 5 — Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long fight against the Covid-19 pandemic, the finance minister argued today.

https://www.malaymail.com/news/malaysia/2021/06/05/just-because-we-can-doesnt-mean-we-should-finance-minister-justifies-banks/1979774

https://www.malaymail.com/news/malaysia/2021/06/05/just-because-we-can-doesnt-mean-we-should-finance-minister-justifies-banks/1979774

https://www.theedgemarkets.com/article/hlib-sees-continued-recovery-banking-sector-twoyear-cagr-166

For large-sized banks, he likes Public Bank (target price [TP]: RM4.50) for its defensive qualities in uncertain times and Maybank (TP: RM9.40) for its superior yield.

https://www.theedgemarkets.com/article/hlib-sees-continued-recovery-banking-sector-twoyear-cagr-166

For large-sized banks, he likes Public Bank (target price [TP]: RM4.50) for its defensive qualities in uncertain times and Maybank (TP: RM9.40) for its superior yield.

Maintain OVERWEIGHT: Bell-weather MAYBANK stood out for exceeding both our and consensus expectations, making up 32% of full-year estimates.

The challenges posed by the pandemic appear to have succeeded in containing costs as evidenced by pedestrian increases in operating expenses, with HLBANK and MAYBANK even reporting lower YoY expenses.

MAYBANK (OP; TP: RM10.75)

https://klse.i3investor.com/servlets/ptres/59859.jsp

Non investor with no money to invest can only watch the rich gets richer.

And this poor non investor only got useless free time to tok kok...

....laugh die me.

The No.1 bank with the highest profit and highest dividend yield, yet it is trading much cheaper (in term of price to earning and price to book) to the No.2 bank.

Don't miss this super bargain.

The whole world, banks are rallying and in US, many hit all time high.

People have to buy first before you have the stock to let go ya.
As a non investor, you can only watch the rich get richer and cannot let go ya.

LOL....laugh die me.

You have to buy first before you have the stock to sell ya.
As a non investor, you can only watch the rich get richer and cannot sell ya.

LOL....laugh die me.

Financial and Energy leading gains in US market.

BAC registered a YTD gain of 44%......amazing.

Haha.....after the price stayed stable, why the non investor giyobear124 deleted some of his post....laugh die me.

Wow....very good home work, salute and respect.

@WenJun....it's not that you have hurt me...but you like to post nonsense, one must be responsible of what they have to say...

....after PM announced loan moratorium is only for B40 and SME affected....you still posted this ........

Posted by WenJun > May 31, 2021 9:31 PM | Report Abuse

Loan moratorium…. Let’s hope for more discounted shares

Wow...first day total locked down...KLCI up 2.35

Tomorrow can overtake TG boh ? :)

No win yet, never mind, most important is share price is up....

.....so that choysun got no cheap tickets....haha :)

Wow...nice

@JBond007....long time no hear, thanks for good news.

Loan moratorium specially for shearer202 and wenjun....please go to your bank tomorrow to get it.

Congratulations to both.

Reported net profit of RM2.46 billion including a one-off revaluation gain of RM1.16 billion
from the deconsolidation of TNG Digital

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3162505

https://www.theedgemarkets.com/article/not-too-late-position-banks-say-analysts

Average TP :

RHB 6.01

HLB 20.88

MBB 9.34

PBB 4.49

BIMB 4.75

Affin 1.64

MBSB 0.84

The rich gets richer....while the poor needs to post silly to earn 25 sen per post....pity them really

@Sharefisher....totally agree....the RICH and the POOR thinks differently....

https://www.theedgemarkets.com/article/mah-sings-1q-net-profit-surges-rm4028m-higher-contribution-property-development-segment

https://www.theedgemarkets.com/article/not-too-late-position-banks-say-analysts#.YLR0x0iCiCh.whatsapp

https://www.theedgemarkets.com/article/analysts-raise-maybank-earnings-forecasts-after-its-1q-net-profit-beat-expectations

AffinHwang Capital IB raised TP from 9.40 to RM10.30

Kenanga TP RM10.75

@choysun....haha....it's because this is the numbawan stock in Malaysia....and most of its shareholders have diamond hands....

....very few billis own this stock....even those billis who have bought, posted and said he is lucky to have sold already.....BUT at lower price than now....haha....

https://www.theedgemarkets.com/article/net-foreign-buying-local-equities-increased-rm1902-m-last-week-%E2%80%94-midf

https://www.theedgemarkets.com/article/net-foreign-buying-local-equities-increased-rm1902-m-last-week-%E2%80%94-midf

The largest foreign inflow was recorded last Friday at RM113.3 million and the smallest inflow was on Tuesday at RM20.5 million.



Friday....was the day Maybank went ex dividend and traded up 26 sen in heavy volume...

Was foreign net bought ??

Haha..all the poor flies not working hard enough...no discount for choysun.