Posted by mushimushi > 2016-10-21 14:43 | Report Abuse

budget 2017!! 4pm!! syoknya!! looking good for a great bull run!!

Posted by Short > 2016-10-21 14:57 | Report Abuse

If you see a lot of goodies like it is an election budget then you better quickly buy GLC like Maybank.

Posted by Short > 2016-10-21 15:31 | Report Abuse

More specifically GLC in the KLCI like Maybank.

Posted by richman > 2016-10-21 15:53 | Report Abuse

maybank is a buy now for year end play

Posted by richman > 2016-10-21 15:53 | Report Abuse

I am interested in maybank c24 looks very attractive with big upside coming

Posted by mushimushi > 2016-10-21 16:43 | Report Abuse

Huat la!! very good budget!!

Posted by limkokthye > 2016-10-21 18:59 | Report Abuse

no hope d msia

Posted by cyeec2000 > 2016-10-21 19:19 | Report Abuse

This is not the solution, high cost of living. Even they promised you the GST won't be increased now, but how about after election?

Posted by mushimushi > 2016-10-21 20:40 | Report Abuse

Gst is to cover falling oil price.

Posted by Short > 2016-10-21 21:15 | Report Abuse

http://www.thestar.com.my/news/nation/2016/10/21/budget-2017-goodies-for-civil-servants/

Lots of goodies for the power base... buy GLC?

Posted by Short > 2016-10-22 11:12 | Report Abuse

budget-2017-election-budget-it-says-economist

http://www.theedgemarkets.com/my/article/budget-2017-election-budget-it-says-economist#

X
Short http://www.thestar.com.my/news/nation/2016/10/21/budget-2017-goodies-for-civil-servants/

Lots of goodies for the power base... buy GLC?
21/10/2016 21:15

X
Short If you see a lot of goodies like it is an election budget then you better quickly buy GLC like Maybank.
21/10/2016 14:57

X
Short More specifically GLC in the KLCI like Maybank.
21/10/2016 15:31

Posted by mushimushi > 2016-10-22 18:01 | Report Abuse

No bad news in budget 2017, and No goodies for oppositions either, feeling bitter and walked out. I hate the oppositions, always want to see Malaysia go down, so they can be vindicated. BN stay strong, bright future ahead, hiduplah Malaysia Boleh! spirit. Build strong trade ties with China and also bring in more direct investment from China as much as possible. We have 1 more competitor on the block, the Philippines!! They are competing investment from China as well very very aggressively. If Chinese money don't come to Malaysia it will goes else where especially the Philippines.

Posted by M16s > 2016-10-22 18:33 | Report Abuse

If u are Chinese , I guess you are from MCA

Posted by cyeec2000 > 2016-10-22 19:50 | Report Abuse

The reality is different from what you said, budget has not significantly reduced tax. Cooking oil price is going to be increased then lead to worsen consumer sentiment. Loosen lending to government servant might cause more impaired loan loss for lenders..

Posted by mushimushi > 2016-10-22 20:05 | Report Abuse

Reduce tax? This is not u.s. election bro. Cooking oil is going...dont spread rumours. Your rumours cause bad market sentiments. Loosen lendings to government servants? Simple...no payback no travel, ptptn strategy very good. Kerajaan pandai kira-kira.

Posted by bkt2008 > 2016-10-22 20:07 | Report Abuse

101% FROM MCA

Posted by cyeec2000 > 2016-10-22 20:29 | Report Abuse

Please see carefully the sin chew daily 2 days ago..the headline stated cooking oil is going to be increased..

Posted by valuelurker > 2016-10-22 21:41 | Report Abuse

Next quarter net profit will be less than RM1b,. First time since the dawn of civilisation. Good luck holding, you guys are gonna need it

Posted by limkokthye > 2016-10-22 21:45 | Report Abuse

keep buying when weak,

Posted by bkt2008 > 2016-10-22 22:33 | Report Abuse

Buy 7.00

Posted by Amit Khindriya > 2016-10-23 09:11 | Report Abuse

Rm8..... Post budget

Posted by mushimushi > 2016-10-23 10:50 | Report Abuse

Maybank current revenue per quater is 11 billion more than double pbbank's. 4 times 2008 revenue at 3billion. The growth pace is phenomenal, pbbank not bad also but just double. If looking at growth or future prospect, maybank trading PE should be much much higher. Because maybank net profit can be easily 2-3 billion per quarter, just need to fine tune the operation to be more efficient.

Posted by wondering808 > 2016-10-23 12:22 | Report Abuse

Looking good with the Indonesian turnaround.

Posted by KedahMalay > 2016-10-23 14:14 | Report Abuse

Tp 8.75

Posted by mushimushi > 2016-10-23 22:01 | Report Abuse

Dang i still want to buy low. Don't start the bus yet lol

Posted by richman > 2016-10-24 09:25 | Report Abuse

buy maybank c24

Posted by richman > 2016-10-24 09:26 | Report Abuse

lot of upside coming for this CW 24

Posted by richman > 2016-10-24 10:47 | Report Abuse

looks good and think should move to at least 7.80 today in the afternoon

Posted by mushimushi > 2016-10-24 11:13 | Report Abuse

Superbull sudah mau mari...semua naik

Posted by Short > 2016-10-24 14:41 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/10/24/maybank-indonesia-posts-strong-9m-earnings/

Posted by Short > 2016-10-24 14:45 | Report Abuse

KUALA LUMPUR: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) posted a strong set of earnings in the January-September 2016 at Rp1.3 trillion or RM416.89mil, boosted by higher net interest income and improvement in fee based income.

The bank reported on Monday the earnings had jumped 118.4% from Rp592.2bil. Profit before tax surged 123.7% to Rp1.8 trillion in September 2016 from Rp784bil a year ago.

“A healthy rise in net interest income (NII), improvement in fee based income, continuous cost management efforts and outstanding achievement in Sharia Banking contributed to the overall improved performance for the period,” it said.

Maybank Indonesia reported net interest income rose 14.8% to Rp5.5 trillion from Rp4.8 trillion in the previous corresponding period due to the bank’s discipline in loan pricing and active funding management.

Its net interest margin (NIM) increased 4.8% in September 2015 to 5.1% in September 2016.

Fee based income rose 21.4% to Rp1.9 trillion due to the increase in fee based income was mainly driven by bancassurance fees from its new partnership with Allianz, treasury related fees, retail administration and other services.

“The bank continued to manage its costs well during the first nine months of 2016 as reflected by the marginal increase of 1.2% in its overhead costs from Rp4.1 trillion to Rp4.2 trillion. Cost-to-income ratio (CIR) improved to 55.9% in September 2016 from 64.3% in September 2015,” it said.

Sharia Banking's net profits increased by 43.9% to Rp344 billion. Total financing rose 39.3% to Rp11.3 trillion in September 2016 while its total deposits grew 80.3% to Rp10.1 trillion. Sharia Banking’s total assets increased by 33.5% to Rp17.8 trillion, contributing 10.9% of the Bank’s total assets.

However, Maybank Indonesia's loans growth grew at a slower pace of 4.4% to Rp116.4 trillion from Rp111.5 trillion in September 2015.

Underpinning the growth were the bank’s small and medium enterprises (SME) and commercial loans growth of 14.7% growth to Rp48.7 trillion.

Retail banking loans remained stable at Rp44.8 trillion, while global banking loans fell 5.8% year-on-year as the bank continued to focus on re-profiling and re-aligning its corporate portfolio to the overall strategy.

It explained corporate loans fell on-quarter due to the decision to exit selected loans which are not aligned to the Bank’s risk posture.

Consolidated NPL level was lower at 4.0% (gross) and 2.4% (net) as of Sept 30, 2016 compared with 4.2% (gross) and 2.7% (net) a year ago. Provision expense was up 1.8%.

“Nonetheless, the bank remains cautious over loan quality as businesses are still being impacted by the current economic slowdown.

It said PT Maybank Indonesia Finance (Maybank Finance) recorded a 28.7% increase in total financing (stand alone) to Rp5.4 trillion in September 2016 from Rp4.2 trillion in September 2015 despite the challenging conditions.

Asset quality remained solid with gross NPL at only 0.42% and net NPL at 0.34%. Maybank Finance’s profit before tax reached Rp232bil in September 2016.

“To strengthen its long term funding, Maybank Finance is finalising its issuance of senior bonds of approximately Rp1 trillion which is expected to be completed in the fourth quarter of 2016,” it added..

There was also a turnaround in PT Wahana Ottomitra Multiartha Tbk (WOM), which recorded a significant increase in its profit before tax of Rp73 billion in September 2016 compared to a loss before tax of Rp22 billion in September 2015.

Although national motorcycles sales fell 10%, WOM recorded a 29.6% increase in its total financing portfolio (stand alone) to Rp5.7 trillion in September 2016 from Rp4.4 trillion in September 2015.

Driving the growth was its multipurpose financing startegy, which was launched in mid 2015, and this has successfully contributed 33% of WOM’s new financing in term of units financed.

The cost management effort has improved its cost-to-income ratio to 73% from 83% in the same period last year.

“WOM also remains focused on the implementation of prudent risk management practice to ensure sound asset quality. WOM’s gross NPL was at 3.84% and net NPL was 1.36%,” it said.

President Commissioner Maybank Indonesia and chairman of Maybank Group, Tan Sri Megat Zaharuddin Megat Mohd Nor said Maybank Indonesia has continued to grow, strongly leveraging on its re-branding to Maybank at the end of last year to demonstrate to customers our range of products and services as a regional leader.

Maybank Indonesia president director Taswin Zakaria said the bank continued to demonstrate improvement at the operating level in the first nine month period.

“Our core business performance significantly improved as our rigorous risk and cost management measures as well as disciplined approach towards pricing and growth are in place.

Posted by Short > 2016-10-24 14:46 | Report Abuse

“We are optimistic to be able to conclude the financial year of 2016 with commendable results whilst at the same time maintain the view of continued challenging market conditions for the remaining year.”

“We intend to step up our involvement in financing of infrastructure projects and continue to grow our SME portfolio in line with the government’s economic development agenda. Through our extensive reach and regional capabilities, we believe that we can leverage the group’s resources to support the country’s growth agenda.”

Posted by mushimushi > 2016-10-24 16:33 | Report Abuse

graph showing buy/sell pattern pointing towards a breakout and pushed up.

Posted by lck1300 > 2016-10-24 18:51 | Report Abuse

yes break 7.70 finaly , i been waiting so long

Posted by Short > 2016-10-24 19:57 | Report Abuse

No shorting of Maybank today.

Posted by Short > 2016-10-24 19:59 | Report Abuse

Bank Maybank Indonesia Tbk has good results.

Posted by Short > 2016-10-24 20:05 | Report Abuse

Beyond 8.00 by end November after 3rd QR.

Posted by mushimushi > 2016-10-24 20:36 | Report Abuse

4 times revenue compares to 8 years ago shows maybank expansion is superfast. It is good strategy to grab regional market shares first. Maybank brand is getting more more popular abroad gives maybank an edge. As the operations become more and more efficient, net profit will surely gets stronger. 2-3 billions net profit, sap sap sui (easy as pie)

Posted by mushimushi > 2016-10-24 23:48 | Report Abuse

Palm oil price at 2 years high, same as oil price. sgd vs myr 2.99, usd vs myr 4.17, tons of goodies in budget 2017, 6% GST isn't so bad after all, it helps everyone in general. I can say things are really turning around for Malaysia. The bull run is very real indeed.

Posted by mushimushi > 2016-10-25 10:41 | Report Abuse

super strong buying queues, breaking 7.80 very soon then 7.90, 8.00...TP 8.70. Anticipating very good 3rd quarter.

Posted by mushimushi > 2016-10-25 10:53 | Report Abuse

Building strong queue at 7.79, will clear the 7.80 and move up to 7.85.

Posted by Short > 2016-10-25 11:12 | Report Abuse

Beyond 8.00 by end November after 3rd QR.

Posted by mushimushi > 2016-10-25 11:19 | Report Abuse

eating up the sell queue like pac man lol. Breaking out and pushing up. 7.90

Posted by M16s > 2016-10-25 11:20 | Report Abuse

Enemy down..move move!!

Posted by mushimushi > 2016-10-25 11:29 | Report Abuse

7.82 now. unleash the pac man push up to 7.90

Posted by mushimushi > 2016-10-25 11:45 | Report Abuse

7.84 now, maybank rising like a rocket

Posted by mushimushi > 2016-10-25 11:47 | Report Abuse

7.86

Posted by M16s > 2016-10-25 11:49 | Report Abuse

Congrats MCA guy..lol

Posted by mushimushi > 2016-10-25 11:49 | Report Abuse

kup kup kup pac man, 7.87

Posted by richman > 2016-10-25 11:54 | Report Abuse

maybankc24 congrats