Drop like beers promotion during CNY haha.....

CNY sale.....another 10 sen tomorrow ? :p

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-10-story-h-210588423-WHY_IS_DIVIDEND_IMPORTANT_From_Dr_Neoh_Soon_Kean_s_STOCK_MARKET_INVESTM

Not attractive enuf, drop few more sen please...

Dividend announcement time next month.
I think this one will pay a much improved rate.....but the highest yield will probably be Maybank and the lowest yield will probably still be PBB.

....short term traders who chase n punt on high beta stocks normally will get burnt :)

I mean compared to other punter's stock, this one attracts less short term traders.
....most of the buying that brought price to current level was done by institution funds.
FF holding is at a high of about 30%....(Maybank is lower at 18.98%)

This one is doing so well, wonder why so quiet....unlike one which traded around the same price during MCO in 2020, (from 3.50 to 3.00 before rebounding)....that one everyday also have punters crying father and crying mother but price is still below 5 today :p

Happy to see some buddies way back in 2014 in KSL forum....now the price starts to run, hope they make some good money.....pak see boh chow kaki.....:p

Hi yfchong, long time no hear....hope you are doing well in the market.
Good Luck to all, guess it's gonna be good this year.
Happy investing.

I rested after cutting all my position in 2014.
...only came back in early 2020, during MCO....
....bought Mahsing, CIMB and Genting....made some money and now holding CIMB and Maybank for dividends....

Wow...monetary still remember.....
...I cut the profit to cover my losses in PerakCorp......unsuccessful privatisation.
....blessing in disguise :)

I bought some at 90 sen in 2018, and it dropped 50% after...
....now, it's up 50%...ha ha
....just a small position, play play for fun...as token of appreciation for the BIG profit in 2014.

This one hit above 4.90 in 2014.
I sold at 4.50 after it retraced from the high.
Current price is after going one for one bonus issue, so it's 2.68.....
....still got potential to go up.....IF operator wants to push :)

Wow, superb weekend investing lesson by DividendGuy67.
Thanks for Good 👍 sharing.

Hope can revisit 2018 high of 7++

It's not only 52wk high, it's 5 years high :)

KUALA LUMPUR (Jan 5): Daily trading volume on Bursa Malaysia over the last three days consistently surged past five billion shares, a threshold only breached six times over the past two years, boosted by foreign investors entering the market, according to market watchers.

Notably, trading volume on Friday hit 6.62 billion shares, marking a 13-month high for the local bourse since the 6.87 billion recorded on Nov 24, 2022. Over the last 12 months, trading volume has averaged at 3.3 billion shares per day.

https://theedgemalaysia.com/node/696400

PETALING JAYA: Analysts are upbeat about the market this year, and for most, the sector that will drive the FTSE Bursa Malaysia KLCI (FBM KLCI) above the 1,600-point psychological level is banking.

Banking institutions account for 20% of the index’s constituents, making it the “go to” sector for foreign funds looking to invest in the local market, according to the fintech trading platform Rakuten Trade.

https://www.freemalaysiatoday.com/category/highlight/2024/01/05/banking-sector-to-drive-fbm-klci-in-2024-say-experts/

https://www.freemalaysiatoday.com/category/highlight/2024/01/05/banking-sector-to-drive-fbm-klci-in-2024-say-experts/

PETALING JAYA: Analysts are upbeat about the market this year, and for most, the sector that will drive the FTSE Bursa Malaysia KLCI (FBM KLCI) above the 1,600-point psychological level is banking.

Banking institutions account for 20% of the index’s constituents, making it the “go to” sector for foreign funds looking to invest in the local market, according to the fintech trading platform Rakuten Trade.

https://www.thestar.com.my/business/business-news/2024/01/04/standard-chartered-sees-ringgit-outperforming-039on-relative-basis039-in-2024

KUALA LUMPUR: The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 "on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).

Topped up some at 5.84 this morning, 5.83 not matched :(

.....thus the "tekan" of BIG blues since 21-12-23....

It seems local BIG institutions are "mandated" to "keep" the uptrend for next year :)

I guess today is probably the best day to buy "EPF tekan discount"
With FF starting to buy lately, big blue should be good next year.
....waiting to add some towards the close for the day (year) if it stays TEKAN

@nhbeen, same thinking here :)

Yes, guess they are accumulating realized profit for their coming dividend declaration/payment.

....end of next week should be a good time to add :)

Bond yield down, FD rates down....
....this one, price down to give you higher yield...
....will put fresh fund to work, after monitoring another 1 to 2 weeks.

Last year closed at 8.70.
...at 8.70 no more Realized gain for them :)

Whether they will buy back next month, for their new 2024 portfolio after closing 2023 is the million dollar question.

Total volume traded on the day ASB sold 20M was only 14M.
How can they sell 20M in the market, must be off market deal....
....so, there was also a big buyer to buy from them.

ASB and EPF has been locking in Realized gain for their dividend closing at the end of this month....dividend declared can only be from Realized Gain and not Marked to Market gain, thus the current selling....it's for their book closing.

Wow...52 week high...

....based on current momentum, breaking 6 should be sap sap sui :)

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-11-23-story-h-214246788-Malayan_Banking_On_Track_for_a_Decent_Close

MAYBANK is expected to demonstrate operational resilience whilst sustaining its position as the leading bank in terms of market share. We believe MAYBANK’s ability to provide the most sustainable returns via its consistent market leading dividend yields (7%−8%) warrants further accumulation of its shares.

Source: Kenanga Research - 23 Nov 2023

@nhbeen Thanks for good sharing.

https://theedgemalaysia.com/node/692510

KUALA LUMPUR (Dec 4): Malaysian banks will overcome external headwinds to deliver a resilient operating performance in 2024, according to S&P Global Ratings.

People who count small small numbers do not understand "percentage" ...haha

If your returns on your 1M is 4.5%, you get 45,000
...if your returns is 6.5%, you get 65,000
....the difference of 2% for 1m is 20,000 each year, understand??

...not everyone count small small numbers, that's why many rich uncles and aunties hold Maybank in their portfolio.

Maybank paid 66.5 sen dividend in 2021 and closed the year at 8.30

.......paid 58 sen in 2022 and closed the year at 8.70

.....paid 59 sen in 2023 and closed the year at ???

....take out your calculator and do the maths on percentage gain for the past 3 years if you have bought at 2020.

ASM currently pays 4.5%
....for those who pass their Mathematics, 6.5 vs 4.5 is 144%
....unless you are a senior citizen, you cannot make withdrawal from EPF after top up....
...even if you are a senior citizen, you can only top up 100k each year.

Our Outperform call is affirmed with an unchanged dividend-derived target price of RM6.70.

Source: PublicInvest Research - 1 Dec 2023
https://klse.i3investor.com/web/pricetarget/research/69763

Best YOY among banks

https://theedgemalaysia.com/node/692201

https://theedgemalaysia.com/node/691341

KUALA LUMPUR (Nov 24): Malayan Banking Bhd (Maybank) has appointed former MISC Bhd President and Group CEO Datuk Yee Yang Chien as its non-independent director effective immediately.

It added that Yee is a nominee of Permodalan Nasional Berhad (PNB), a substantial shareholder of Maybank.

Near-term challenges notwithstanding, we continue to like the Group’s prospects, underpinned by its M25+ initiatives. Our Outperform call and TP of RM9.70 are retained.

Source: PublicInvest Research - 23 Nov 2023

Maintain OUTPERFORM and TP at RM9.95. Our TP is premised on a GGM-derived FY24F PBV of 1.34x (COE: 9.9%, TG: 3.5%, ROE: 12.0%). MAYBANK is expected to demonstrate operational resilience whilst sustaining its position as the leading bank in terms of market share. We believe MAYBANK’s ability to provide the most sustainable returns via its consistent market leading dividend yields (7%−8%) warrants further accumulation of its shares.

Source: Kenanga Research - 23 Nov 2023

https://klse.i3investor.com/web/pricetarget/research/69443

Projecting a 13.1% Qoq Growth in 4Q23 Net Profit
We are projecting a net profit of RM2.67bn for Maybank in 4Q23, representing a growth of 13.1% qoq (+23% yoy). We expect this to be achieved on the back of better contributions from its insurance business (compared to negative contributions in 3Q23 and 4Q22), stable credit costs, flattish or a marginal increase in net interest income, and low single-digit rise in overheads (the above are all qoq trends).

Guidance by Maybank for FY23F
During the conference call on 22 Nov 23, Maybank guid ed for the following for FY23F: 1) a c.25bp contraction in NIM, 2) a net credit charge-off rate of 30-35bp, and 3) ROE of 10.5- 11%.

Reiterate Add on Maybank
We reiterate our Add call on Maybank premised on the potential re-rating catalysts from the write-back of its management overlay and capital management initiatives, which could lead to an increase in dividend payout ratio and ROE. Potential downside risks would be a deterioration in loan growth and asset quality. We retain our FY23-25F EPS forecasts but raise our DDM-based target price (TP) from RM10.30 to RM10.60 (cost of equity: 10.1%; terminal growth rate: 4%) as we roll over our TP to end-CY24F.

Source: CGS-CIMB Research - 22 Nov 2023

https://klse.i3investor.com/web/pricetarget/research/69462

Result is good for dividend investor.
If EPS for 4Q is maintained at this level, full year EPS will be 77+ sen (versus last year 69 sen)
.....at 80% payout, can expect 2nd interim dividend payment of about 33 sen.

https://theedgemalaysia.com/node/689304
KUALA LUMPUR (Nov 8): Malayan Banking Bhd (Maybank) has expanded its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying the financial group’s capabilities and enhancing the ease and efficiency of financial transactions.

In a statement on Wednesday, Maybank said the initiative will benefit over eight million Maybank MAE mobile app users visiting China, as well as more than 700,000 Maybank QRPay merchants in Malaysia via transactions made by visitors from China.

Group chief executive officer of community financial services Datuk John Chong said Maybank’s cross-border initiative demonstrates its commitment to provide convenience to customers and aligns with the group’s strategic thrusts to strengthen its regional presence.

“Our entry into China offers an exceptional opportunity to access the dynamic and thriving Chinese market, further solidifying our international footprint.

https://theedgemalaysia.com/node/689178

Ahmad Maslan added that it is anticipated that total domestic investment will increase to RM700 billion by the end of 2023.

The Ministry of Finance further stated that the EPF is committed to prioritising domestic investments by allocating a significant portion of its annual funds to the local market, including investments in the form of money market funds at local banks.

....so quiet....
....harimau investors quietly adding, I guess :p

.....slow slow sure kaya :)