Posted by armadasaxon > 2019-04-18 13:13 | Report Abuse

Waiting 8.50..now stuck 9.60..haha

Posted by Xia Yidao > 2019-04-18 13:37 | Report Abuse

RainT, where is the Maybank Support price, I should que at how much to top up?

Posted by Hafid > 2019-04-18 14:26 | Report Abuse

8.50

Posted by MOBAjobg > 2019-04-18 14:51 | Report Abuse

Of course, if you don't care about your money or investments being burnt or substantially reduced for this share/stock, then please go ahead and buy, buy & buy now by all means but it's better to err on the side of caution to stay out until an uptick direction appears.

Posted by RainT > 2019-04-18 15:06 | Report Abuse

@Xia Yidao

Go ask GOD

I am not GOD

Posted by MOBAjobg > 2019-04-18 15:24 | Report Abuse

Perhaps, I should make it crystal clear that the price of this share has been on a downward trend that goes way back to May 14, 2018.

Posted by Greatleaper > 2019-04-18 15:25 | Report Abuse

No rush buying, more sales is coming..

Posted by MirageHotelPD > 2019-04-18 16:24 | Report Abuse

Bargain time ending soon?

Posted by Xia Yidao > 2019-04-18 17:31 | Report Abuse

I check for Maybank online trading,, Maybank drop is sell buy Malaysia Government Body, EPF and Amanah Saham bumi.
EPF hold 12.6% and Amanah Saham hold 34.38% of Maybank share

Posted by goreng_kaki > 2019-04-18 17:44 | Report Abuse

crisis coming, maybank will drop to RM 6

Posted by Jaya > 2019-04-18 19:08 | Report Abuse

Pewuf
I panic that much I bought 10k shares today @ 8.84

Posted by Jaya > 2019-04-18 19:10 | Report Abuse

Watch people trying to goreng get this counter

Posted by Jaya > 2019-04-18 19:11 | Report Abuse

Remove get

Posted by stanleysew > 2019-04-18 19:28 | Report Abuse

Waiting for rm8.0

Posted by PH_better > 2019-04-18 19:37 | Report Abuse

If ASB, EPF can sell to <RM 8 I say PH is better than BN.

Posted by dlau8899 > 2019-04-18 21:42 | Report Abuse

Becareful. https://www.sinchew.com.my/pad/con/content_2040443.html

Posted by 4444 > 2019-04-18 23:10 | Report Abuse

1998 revisit? CI 260 Maybank RM 3?

Posted by MOBAjobg > 2019-04-18 23:26 | Report Abuse

I've to say it, ...Singapore Boleh la ! Worst case scenario about Hyflux has become a reality and is no longer a pipe dream.

Posted by antidebt > 2019-04-19 05:18 | Report Abuse

downtrend. no point to enter. stuck later.

Posted by MirageHotelPD > 2019-04-19 09:43 | Report Abuse

Jaya, good decision to went in

Posted by Jaya > 2019-04-19 09:50 | Report Abuse

Mirage
Thanks brother

Posted by Papayashot > 2019-04-19 10:25 | Report Abuse

Hi, Maybank such a big lender lends ~1.6B to Hyflux. Hyflux cannot pay back. Takkan Maybank so generous and let the money lost like that right? It is ridiculous to see that Maybank did not do anything? Any taiko can advise on the bank lending policy to company? Curios to know ler...

Posted by Hafid > 2019-04-19 10:27 | Report Abuse

Before there lend to hyflux sure got term and conditions. Just that how hyflux can pay it so much debt. So impairment loh. Someone could be fired for it

Posted by Hafid > 2019-04-19 10:27 | Report Abuse

Before there lend to hyflux sure got term and conditions. Just that how hyflux can pay it so much debt. So impairment loh. Someone could be fired for it

Posted by Jaya > 2019-04-19 10:34 | Report Abuse

This counter is still very cheap, thus I shall keep adding
In my opinion it is a buy counter

Posted by MOBAjobg > 2019-04-19 11:06 | Report Abuse

An uptick in its share price today, so bought some units @rm9.01 luckily, I'd waited (price was hovering above rm10 in the past) ...patience is usually rewarded well.

Posted by RainT > 2019-04-19 11:43 | Report Abuse

@papayashot

1. do impairment

2. claim the collateral

3. go court and claim back whatever assets balance as per contract

Posted by RainT > 2019-04-19 11:44 | Report Abuse

today MAYBANK erect a bit

later soft back? lol

Posted by Xia Yidao > 2019-04-19 13:02 | Report Abuse

This morning b4 open markrt, i que 40 lot at 8.78 , no chance lol

Posted by chickenrice > 2019-04-19 21:57 | Report Abuse

from what i understand - maybank is the sole secured creditor for the tuaspring plant. c.$500m SGD on an asset BV of $1.3b (but is now valued less). Unless it is sold for less than $400m (maybank already made provision for c.$100m), then there shouldn't be a need to write off any more?

anyone else with better understanding of the picture? As sole secured creditor they rank first (after the accountants ) in receiving the proceeds

Posted by LordY > 2019-04-19 23:34 | Report Abuse

Mbb’s exposure is closer to $602.4m excl int & credit charges.With Singapore govt effectively force acquiring Tuaspring assets only for nominal $1 without debts,all creditors & lenders incl Mbb’d be wiped out.If banks & credit agencies are registering this episode properly,Singapore’s sovereign risk (implicit & explicit) along with corporate risks should see immediate downgrades & with it higher credit charges for any future borrowings and issuances

Posted by calvintaneng > 2019-04-19 23:50 | Report Abuse

Hi guys

Hyflux like so many company suffered due to over expansion at the wrong time

At its peak in year 2013 Hyflux was invited to the Middle East to do Water Plants

Huge amounts of monies were invested with the hope of profit. But alas! Next year in 2014 Crude Oil price collapsed....many could not pay Hyflux...So Hyflux concentrated on its homeground in Singapore

Now Hyflux went into an uncharted business of Tuaspring in desalination plant with excess electricity to be sold to the Spore Power Grid

Again due to the Collapse of Oil & Gas there was surplus electricity generated from Jurong Island several Oil Refineries

This caused price war to the happiness of Spore consumer

Many households can opt for different power suppliers. Of course we opt for the cheapest

Now Hyflux suffering deep losses will go bankrupt soon

Many thought Hyflux is like GLC in Malaysia which must be saved, Just like Malaysian Govt saved FGV by injecting more than Rm6 billions to save it

But Spore practises meritocrasy and took Tuaspring of Hyflux as a commercial venture

So like any business entity Hyflux will succeed or fail on its own merit.

INVESTMENT FUNDS SAW MALAYSIA DEFICIT WORSENING DUE TO BAILING OUT GLCs WHILE THEY ALSO SEE SPORE GOVT PROTECTING ITS RESERVES CAREFULLY

SO THEY SOLD DOWN RINGGIT RECENTLY WHILE SPORE CURRENCY REMAIN FIRM

Now what will happen to Maybank being the one that gave out the most loan to Hyflux?

Maybank might lose more than Rm1.5 Billions or more

That will shave of at least 18 sen from Maybank share price

So Maybank is worth about Rm7.00 a share

You guys better sell off Maybank before others know and start selling

Regards

Calvin from Singapore

See

https://www.bloomberg.com/news/articles/2019-03-12/singapore-water-debacle-becomes-dagger-in-chest-for-investors

Posted by calvintaneng > 2019-04-20 00:02 | Report Abuse

https://www.youtube.com/watch?v=oLqhNhGzWQg

Posted by calvintaneng > 2019-04-20 00:02 | Report Abuse

https://www.youtube.com/watch?v=FtxayKPWQi8

Posted by calvintaneng > 2019-04-20 00:04 | Report Abuse

https://www.youtube.com/watch?v=mXkZq01R3B0

Posted by calvintaneng > 2019-04-20 00:34 | Report Abuse

https://www.youtube.com/watch?v=rH-faR2CbNA

Posted by apprentice > 2019-04-20 11:16 | Report Abuse

11 months old story Calvin.

Posted by calvintaneng > 2019-04-20 13:52 | Report Abuse

Apprentice

Rumour of volcano eruption started as early as 2016.

No danger yet at that time.

Now it is going to explode in the coming balance sheet of Maybank

Just like in stone master, seacera or jaks later

So leave early before it engulfs sorchai naively overstayed

Posted by apprentice > 2019-04-20 15:09 | Report Abuse

The news was out in May 2018, Calvin, so wake up.

Maybank has dropped from 10.70 since then.

Posted by calvintaneng > 2019-04-20 17:17 | Report Abuse

Apprentice

This is only the tip of the iceberg.
Hyflux debacle is not the only manifestion of imcompetency
There are other hidden mismanagements unraveling
Sell and get out and don't tarry

Posted by FAIRnREASONABLE > 2019-04-20 18:54 | Report Abuse

Total exposure of Maybank to Hyflux is RM1.9B and is supposedly secured loans. This means that there will be something left.

If "kosong" recovery being the worst case, and base on RM100B market capitalization of Maybank, the share price may be shaved by no more than 20 sen. Simple maths.

Calvin's assertion that Maybank is only worth RM7.00 is completely absurd and without mathematical basis.

Posted by FAIRnREASONABLE > 2019-04-20 19:06 | Report Abuse

Maybank is very profitable.

The 100% exposure to Hyflux is less than a quarterly profit.

Worst case is for Maybank having one-off zero profit for a quarter, and then moves on with regular over RM2B quarterly profit going forward.

Nothing that alarming really. The correction was overdone considering that 20 sen justifiable reduction in share price.

Posted by smissions > 2019-04-20 20:17 | Report Abuse

@calvintaneng if it gets sold down to Rm7, DY will be 7.14%. A bit of Googling turned up this : http://www.sharetisfy.com/2017/08/top-10-oversold-stocks-to-buy-now-while.html

People can make their own judgment whether or not his analysis is worth anything :)

Posted by calvintaneng > 2019-04-20 21:04 | Report Abuse

Smissions
Tabung Haji also cooked books and gave out dividends
Bernie madoff also gave dividends until game over

I think I will stop here.

Posted by chickenrice > 2019-04-20 21:18 | Report Abuse

@lordY, thanks a bunch, really appreciate your response.

Posted by wotvr > 2019-04-21 00:09 | Report Abuse

Maybank will recover the money. If go into liquidation they will gut assets of Hyflux. They will be able to get at least half or more. No worries on that.

Posted by smissions > 2019-04-21 09:40 | Report Abuse

@calvintaneng Madoff wasn't running a bank lol :) and do you have proof or are you just libeling TH?

Posted by (2.6m shares buyback April ) Philip > 2019-04-21 09:55 | Report Abuse

Why are you wasting time arguing with Calvin tan, let's face it Maybank is giving out 6% dividend today, and if hyflux is really bad news to mbb it will only be an opportunity to buy.

Think about it, in the long term, has the business fundamentals of Maybank changed? Are it's branches closing down? Is it no longer profitable? Are you going to close your mbb account and open savings in POSB?

It's impossible. The exposure, the balance sheet basically everything is solid, even if you have another salad oil crisis ( like AMEX) it will only mean that you get to buy more Maybank at Rock bottom prices.

The business fundamentals are untouched in the long term.

I can't say the same for other investments that Calvin has made ( talamt, protasco, karambunai,destini,asianpac, etc etc etc)

He is a troll with no portfolio pure and simple.

You would listen to a dog barking and ignore it just the same.

Posted by experttanengyee > 2019-04-21 10:02 | Report Abuse

He is a troll with no portfolio pure and simple.

You would listen to a dog barking and ignore it just the same
_________

Bingo!Tan eng Yee is a troll with no portfolio, seeking attention due to loneliness.

Posted by armadasaxon > 2019-04-21 15:44 | Report Abuse

Careful..alloty bad news incoming global