Posted by calvintaneng > 2021-04-12 17:35 | Report Abuse

NO!

Cannot follow Kenanga to holland

1) Banks got loan moratorium and later Very high NPL as many will default in payments

2) Warren Buffet seeing danger already SOLD OFF MOST OF HIS BANK SHARES

3) In Iskandar Banks have lent out Rm20 BILLIONS TO RM30 BILLIONS FOR MANY WOULD BE GHOST TOWERS

These Condos are now practically empty especially in Medini

Liar loans like 110% loan to cover down payment now not serviced as people jus walked away

200 Blocks of Condos with Units from 300 to 800 now in danger of default
Bank auctions already see discount of 40% to 50%

Later will end up as NPL

4) So better avoid banks. Best to sell off now before bad debts unravel

5) EPF, ASB & PNB all selling Maybank shares and EPF also selling Public Bank

AVOID BANK STOCKS NOW AND DON'T REGRET LATER!

Posted by calvintaneng > 2021-04-12 17:43 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147249