Posted by stkoay > 2021-06-05 16:25 | Report Abuse

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

Posted by stkoay > 2021-06-05 16:56 | Report Abuse

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.

Posted by stkoay > 2021-06-05 16:58 | Report Abuse

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.

Posted by Ivan_Invest > 2021-06-08 09:54 | Report Abuse

AMInvest's target price is RM5.60, as much as I hope to be true...it's a bit high no?

Posted by WaterBlower > 2021-06-08 11:11 | Report Abuse

Hahahaha wa punya spring day sudah Mali!!!! Sotong manyak green. Wa sukak wa sukak

Posted by Ivan_Invest > 2021-06-08 11:23 | Report Abuse

@Waterblower happy today after so many months
hihihihi

Posted by In_Sight > 2021-06-08 15:28 | Report Abuse

Good sotong. Let’s go!

Posted by Putrajaya666 > 2021-06-08 15:59 | Report Abuse

googogogoggoogog cimb is my huge surprise !!! nice !!! getting to be my 20%++ earning now already

Posted by Pahlawanlimitup > 2021-06-08 18:05 | Report Abuse

Very good sotong

Posted by In_Sight > 2021-06-09 09:38 | Report Abuse

go go go power rangers...

Posted by Untungsikit2 > 2021-06-09 11:05 | Report Abuse

Go go my optopus...fly above 5.5..

Posted by In_Sight > 2021-06-09 11:47 | Report Abuse

https://www.theedgemarkets.com/article/uob-kay-hian-current-riskreward-balance-banks-attractive?type=malaysia

Posted by Riaz1954 > 2021-06-09 14:25 | Report Abuse

Banks are undervalued ....when economy picks up post CV they will show tremendous growth banks in US and Europe have already outperformed

Posted by Riaz1954 > 2021-06-09 14:28 | Report Abuse

No need to refer to local analysts ...look how the banks are performing as an asset class elsewhere ....look back at 2010 ....have bias towards Banks leisure like Genting, Airlines, hotels and engineering and defence

Posted by AllYouCanBuy > 2021-06-09 18:41 | Report Abuse

We are still going through FMCO, of course banks are undervalued. When vaccination covers 50% of the targeted population in August, and daily C19 comes down to below 3000, is the time they fly.

Posted by ceelo87 > 2021-06-10 13:34 | Report Abuse

too many good news recently... staying cautious before enter again.

Posted by yfchong > 2021-06-11 20:43 | Report Abuse

Who is the buyer 41mil shares

Posted by ERICTANCH92 > 2021-06-14 09:54 | Report Abuse

Maybulk

Posted by Riaz1954 > 2021-06-14 23:42 | Report Abuse

Such low valuation ….can’t stay at this price for sure ! Rest of teh markets bank shares are on peak valuation …. Very disappointing …combination of lots of things.

Posted by Gunplakk > 2021-06-15 13:10 | Report Abuse

Is it good time to take profit?

Posted by sianging > 2021-06-16 11:21 | Report Abuse

I had just taken profit at 4.63...

Posted by 1invest1 > 2021-06-16 12:48 | Report Abuse

HSBC to close 13 branches by year-end, remains committed to M'sia

https://www.thestar.com.my/business/business-news/2021/06/15/hsbc-remains-committed-to-malaysia-expanding-digital-banking

First, Citibank want to close certain consumer services.
Second, now HSBC wants to close 13 branches by 31 Dec
What's going on ?

Posted by 1invest1 > 2021-06-16 13:17 | Report Abuse

https://www.malaymail.com/news/malaysia/2021/06/12/federation-of-malaysian-manufacturers-urges-govt-to-inject-rm200b-stimulus/1981715

Many agencies, associations, etc., are requesting for another moratorium, stimulus funding, etc. Will bank profit margins be compressed ?

Posted by Riaz1954 > 2021-06-16 14:21 | Report Abuse

HSBC is a U.K. listed bank that makes 87% of its profits from HK and China and has been looking to restructure and pull from its 120-140 country operations. Rumour has it may relocate to HK. It’s share price has been under pressure for some years now….and looking to rationalise it business strategy by reducing or pulling out of unprofitable locations.

Posted by Riaz1954 > 2021-06-16 14:25 | Report Abuse

As the economy recovers and GDP grows the beneficiaries are Banks ….all the world banks have made good recovery post Covid…and there is plenty to go and is a favoured asset allocation. International investment will return to malaysian banks…why CIMB was hit hard by corporate failures in Singapore and bank made some conservative bad debt provisions…CIMB of all malaysian banks has most to recover …with 2-4 view which could take it back to high 6-700 ringit mark…

Posted by tollebunsmith > 2021-06-18 21:02 | Report Abuse

Closing embargo trance was 7.5 mil done against 4,3 mil done at 4.45 for MBB
Closing embargo trance was 23 mil done against 12.1mil done at 4.45 for PBB

so someone was exixitng (foreign) and someone was grabbing (local)

i suspect cos of the 2022/2023 probable rate hike by Powell

Posted by stockraider > 2021-06-19 11:02 | Report Abuse

BUY LAH!

Posted by WaterBlower > 2021-06-23 07:29 | Report Abuse

Wakao lu olang a...jangan buang sama ini share dulu la. Manyak IB cakap ini share bagut la harga boleh kaki 5.10.
Wa mao simpang ini share kasi naik sama 6 o... lu olang jangan kasi buang buang a. Wa taklak happy lu olang ini macam buat

Posted by Ahmadahmad88 > 2021-06-23 08:50 | Report Abuse

Ahlong loan shark punya bahasa.

Posted by aliyusof > 2021-06-23 11:48 | Report Abuse

Ha ha...semua banks pun ah long berlesen juga

Posted by Beginner123456 > 2021-06-24 14:18 | Report Abuse

1 month of lockdown and nothing has changed covid wise...now most probably another useless extension to this so callled full lockdown. The future isnt bright in the near term ladies and gentlemen. More pressure from various parties to impose moratoriums. Long term no issue la but short term is a bit scary

Posted by JacLow > 2021-06-24 16:28 | Report Abuse

Glove down, banks up

Posted by aliyusof > 2021-06-24 16:37 | Report Abuse

Cimb doing quite well today !

Posted by Bgt 9963 > 2021-06-24 16:41 |

Post removed.Why?

Posted by wallstreetrookie > 2021-06-24 23:34 | Report Abuse

Retail banking business doing pretty well compared to its peers. No position in CIMB but this looks good.

Posted by Cakes Moon > 2021-06-26 20:18 | Report Abuse

Banking stock on the move.

Posted by apple168 > 2021-06-27 06:39 | Report Abuse

Memorandum for loan extension to everyone to be declared soon! Good Luck!

Posted by apple168 > 2021-06-27 06:40 | Report Abuse

https://www.wsj.com/articles/vaccinated-people-account-for-half-of-new-covid-19-delta-cases-in-israeli-outbreak-11624624326

Posted by stkoay > 2021-06-27 13:37 | Report Abuse

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

Posted by getingreal > 2021-06-27 15:45 | Report Abuse

What does he mean "extended" is he talking about extending the current banks being helpful to the poor sods who cant meet their obligations, or is he talking about to a reintroduction of the free money for everyone at the banks shareholders expense?

Posted by getingreal > 2021-06-27 15:49 | Report Abuse

Finance Minister should be very clear when making statements. Confusion, dump banks stocks or not? Dump and play safe?

Posted by Will188 > 2021-06-27 17:25 | Report Abuse

https://www.change.org/TempStopRSSBursa

Posted by Beginner123456 > 2021-06-27 20:56 | Report Abuse

Now talks of moratorium extensions without additional interest has been going around in the media. If banks dont collect interest, that's gonna cause a dent

Posted by RedEagle > 2021-06-28 09:24 | Report Abuse

Modification Loss again..
Moratorium for 6 or 9 months?

Posted by DChosen2 > 2021-06-28 14:19 | Report Abuse

I dont know why the current government is still gaining support from the rakyat. They r obviously incompetant in running the country. The pandemic has been here when they gained power through tebuk atap and after 16 months, nothing has changed, improved nor they even have any clue to resolve tye situation. What NRP phase 1 remain in force till the conditions met? Is that how they run a country? What is actually in their mind?

Posted by WaterBlower > 2021-06-28 15:58 | Report Abuse

Ini macam wa suda taklak heppi. Itu hali kasi hijau semua heppi takmao, mesti mao kasi merah merah olang taklak heppi

Posted by stkoay > 2021-06-28 18:09 | Report Abuse

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.


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

Posted by getingreal > 2021-06-28 20:45 | Report Abuse

Moratorium, Interest deferred its not free. So bottom line will be slightly affected due to slow cash flow, but it will not affect NTA, or even P&L much.

Posted by stkoay > 2021-06-29 12:37 | Report Abuse

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).

Posted by NatsukoMishima > 2021-07-01 13:21 | Report Abuse

KUALA LUMPUR (July 1): Malaysia's announcement of another sweeping loan moratorium will further delay the recognition of non-performing loans (NPLs) of Malaysian banks into 2022 and may lengthen the time needed for the banks' credit cost and profitability to revert to normal, said Fitch Ratings.