Posted by malaysiakuku > 2020-04-02 10:13 | Report Abuse

wow... boleh tahan......hebat!!!

Posted by michael_jackson > 2020-04-02 10:21 | Report Abuse

for your info bro......https://www.thestar.com.my/business/business-news/2020/03/31/banks-asset-quality-remains-sound-bank-negara-says

Posted by dayang_suri > 2020-04-02 10:42 | Report Abuse

my longterm target for maybank is RM9.00~10.00...due to strong & resilient fundamental....

Posted by xxxx > 2020-04-02 15:06 | Report Abuse

If you want to buy this share at below 7.00, you may most likely be able to do it on/after 10th April. As for 6.50, wait some more. You maybe lucky.

Posted by masterus > 2020-04-02 16:12 | Report Abuse

Last year, the central bank reduced the base rate use for lending to 3% from 3.25% in May.

Imran Yassin expects BNM to slash another 25bps, bringing the OPR to 2.25% at the next MPC’s meeting.

“It is very unlikely that the OPR will go to zero because we opine that BNM will need to maintain some buffer to give them room to manoeuvre should the economic conditions worsen,” he said.

In a report, Hong Leong Investment Bank said BNM will likely reduce the policy rate by a total of 50bps this year to bring the rate down to 2% in 2020.

Posted by RedEagle > 2020-04-02 20:24 | Report Abuse

KUALA LUMPUR: Higher crude oil prices lifted oil and gas stocks higher at the close on Thursday, pushing Bursa Malaysia to close in green.

At 5pm, the FBM KLCI closed up 8.24 points, or 0.62% to 1,330.90. The benchmark index opened 2.04 points lower this morning.

Market breadth turned positive as gainers were on the upper hand against the losers on a ratio of 671-to-203 stocks. Traded volumes stood at 5.14 billion shares worth RM2.43bil.

Dealers said market sentiment was lifted by a rebound in crude oil prices on hopes for a deal to end the price war between Saudi Arabia and Russia.

Crude futures surged after US President Donald Trump expressed optimism that a damaging price war between Saudi Arabia and Russia can be resolved.

Brent crude rose 8.97%, or US$2.22 to US$26.96 while US West Texas Intermediate (WTI) advanced 8.67%, or US$1.76 to US$22.07.

Anchoring the gainers list on Bursa Malaysia is Nestle, which added RM1.70 to RM137.80, followed by Petronas Dagangan, rising RM1.32 to RM21.70 and QL Resources, gaining 40 sen to RM7.90.

Decliners on the broader market include Panasonic Manufacturing, declining 50 sen to RM103, PPB Group falling 12.5 sen to 82 sen and EIG, dropping 12 sen to 39 sen.

On the external front, Chinese shares ended higher with the Shanghai Composite index rising 1.69% at 2,780.64. The blue-chip CSI300 index was up 1.62%.

Hong Kong’s Hang Seng index was up 194.27 points, or 0.84%, at 23,280.06, Japan's Nikkei 225 fell 1.37% to 17,818.72 while South Korea’s Kospi added 2.34% to 1,724.86.

Posted by littlejohn56 > 2020-04-03 02:02 | Report Abuse

Is it just me? Coronavirus in the west looks a lot like wayang kulit to me? Are all deaths secretly being reported as covid-19 deaths?

Kings, Queen, prime ministers, celebrities, news anchors reportedly infected with covid-19, but still can do interview, publicly shake hands, not wearing mask, appear like a thousand buck on TV and then recovered without a scratch. So much publicity. The media even more funnier, headlines like below

- Covid-19 death more than 9/11...
What!?!? They trying to spin this as terror attacks, aiming china?
- new trend - not made in china...
Again aiming at china, to undermine china economy, trying to pull manufacturing back to u.s.
- U.S. and Malaysia both says covid cases will peak in mid april...
Why mid April, how can they compares Malaysia and u.s., are the governments in bed? and coordinating when the economy should come back online?

All this shit show looks a lot like undermining china economy and crashing the stock market. Sound familar? Because the same tactic being used back in 2008? Did they (u.s.) release a virus bomb in china? and thank god china survived. If now, it back fires on themselves, serves them right.

China better be careful going forward, because U.S. has no intention to make peace with China. A virus bomb had been dropped into the center of china, china can survive this time, might not be so lucky next time.

Posted by zhen wei & JP > 2020-04-03 02:49 | Report Abuse

They probably want to (wayang tough) to sustain its economy.
QE kicked in. they can't pause.

Posted by xxxx > 2020-04-03 06:26 | Report Abuse

If so,Karma will be on the US.

Posted by RedEagle > 2020-04-03 06:46 | Report Abuse

NEW YORK, April 2 (Reuters) - Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.

Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barrels, as the two countries signaled willingness to make a deal.

Trump did not specify barrels per day (bpd), though the market expresses demand and supply in those terms.

Such a sizeable deal, however, would likely require participation from other big producers outside of the OPEC cartel.

Saudi Arabia said it would call an emergency meeting of the Organization of the Petroleum Exporting Countries (OPEC), Saudi state media reported.

The Wall Street Journal reported that the kingdom would consider dropping output to roughly 9 million bpd, or about 3 million bpd less than what it planned on pumping in April.

Brent futures rose US$5.20, or 21.0%, to settle at US$29.94 a barrel, while US West Texas Intermediate (WTI) crude rose US$5.01, or 24.7%, to settle at US$25.32.

Despite the huge gains, oil prices have still lost more than half their value this year.

The market slumped in early March, when Saudi Arabia and Russia were unable to come to terms on a deal to curb production, and the Saudis boosted output to more than 12 million bpd and shipped discounted cargoes worldwide.

Since then, the coronavirus pandemic has severely cut fuel demand. US crude prices fell under US$20 per barrel a few times in recent days.

"The question will come down to, Will they be able to agree to something? It's taken a couple of weeks of Brent at US$25 and WTI at US$20 and it seems as if the Russians are more approachable than they were a month ago," said Gene McGillian, vice president of market research at Tradition Energy in Stamford, Connecticut.

Brent soared as much as 47% during the session, its highest intraday percentage gain ever. WTI jumped as much as 35%, its second highest ever, after an intraday gain of 36% on March 19.

Oil prices pulled back from those highs as traders questioned whether Russia and Saudi Arabia could actually agree on such a big production cut.

A senior administration official told Reuters the United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask US domestic oil producers to chip in with their own cuts.

"Despite today’s headlines, we remain skeptical that a deal to cut output will materialize," analysts at Capital Economics said, noting Saudi Arabia is unlikely to cut output unless Russia and possibly other non-OPEC producers, like the United States and Canada, join in a coordinated reduction.

With fuel demand expected to fall by 20% to 30% in coming months, pressure was building on oil producers to reach a deal, and Trump expressed growing frustration about the crude price and its effect on the energy industry.

Texas regulators are exploring the possibility of cutting production in that state, which produces more than 5 million bpd.

Posted by littlejohn56 > 2020-04-03 07:29 | Report Abuse

@zhen wei & jp, yes! And QE too. Simply look at trump and cronies smilry faces while signing the bill, shaking hands afterwards. They were like, oh we cannot shake hands? But we already passed the bill, we can totally drop the act now.

Posted by Miz Raya Bloom > 2020-04-03 10:47 |

Post removed.Why?

Posted by masterus > 2020-04-03 11:09 | Report Abuse

The Federal Reserve said Tuesday it would launch a temporary lending facility that for the first time will allow foreign central banks to convert their holdings of Treasury securities into dollars, its latest bid to alleviate strains in global markets.


The program is designed to alleviate stresses in currency markets that had prompted more foreign central banks to sell their holdings of Treasurys. The Fed has been aggressively purchasing Treasury and mortgage securities to reduce market strains, and the latest move could reduce the supply of those securities hitting the market if foreign central banks can more easily exchange them for dollars.

Posted by zhen wei & JP > 2020-04-03 11:10 | Report Abuse

Oil Price Crash Pushes Whiting Petroleum To Bankruptcy As Stock Slumps 91%

Make amrika great again!

https://www.google.com/amp/s/www.forbes.com/sites/gauravsharma/2020/04/01/oil-price-crash-pushes-whiting-petroleum-to-bankruptcy-as-stock-slumps-91/amp/

Posted by Junichiro > 2020-04-03 11:25 | Report Abuse

"Trump told reporters at the White House late on Thursday he had made no offer to cut U.S. output."

It means all bets are off. The US is operating a bubble economy whereas Russia has little debt.

Posted by mf > 2020-04-03 11:41 | Report Abuse

COVID-19: Bank Negara unjur ekonomi Malaysia antara -2.0 hingga 0.5 peratus tahun ini
Oleh Wartawan Bisnes BH
bhbiz@bh.com.my
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KUALA LUMPUR: Bank Negara Malaysia (BNM) mengunjur ekonomi Malaysia akan berkembang pada kadar antara -2.0 peratus hingga 0.5 peratus pada tahun ini susulan kesan negatif penularan COVID-19 dan juga harga komoditi utama seperti minyak mentah yang rendah.

Posted by zhen wei & JP > 2020-04-03 11:57 | Report Abuse

Meanwhile on China,
新型肺炎で泣き面の中国を今度はバッタが襲う

https://www.newsweekjapan.jp/amp/youkaiei/2020/03/post-53.php?page=1

Posted by michael_jackson > 2020-04-03 15:14 | Report Abuse

perfect and magnificent....going up to the sky...

Posted by malaysiakuku > 2020-04-03 15:21 | Report Abuse

michael, you tunggu dividen masuk ke?.....ex-date minggu depan ye....yoyo bro....

Posted by xxxx > 2020-04-03 15:46 | Report Abuse

Economy to tank to -2.5 to 0.5 %? The share market does not seem to think so!

Posted by Papayashot > 2020-04-03 17:25 | Report Abuse

Share market always move ahead of economy. All companies share down becoz. investors already know this pandemic would affect the bottom lines.. That's why the share go down...

Posted by Tedinvestor > 2020-04-03 18:09 | Report Abuse

Only 3 local banks are capable to weather this storm. (1) Public Bank (2) Hong Leong Bank (3) MAYBANK bhd. Public bank is the most solid local bank.

Posted by littlejohn56 > 2020-04-04 00:33 | Report Abuse

Something is very strange with U. S. big fat rich corporation like Apple, google, Microsoft, facebook, amazon, the super rich like bill gates, warren buffet, tim cook, jeff bezos. We dont hear a word from them donating to help their own f-ing country???!!!! The health workers crying pleading for help, but no answer.

Instead you need taiwan to donate 10 millions masks to help the United States. Wda f ia going here? Are the super rich in america really these stingy? Or its just part of the plan to break the country, the people of america and the stock markets around the world?

Posted by zhen wei & JP > 2020-04-04 02:31 | Report Abuse

Goldman Sachs: The stock market's biggest driver will plunge 123% in a brutal 2nd quarter

https://markets.businessinsider.com/news/stocks/stock-market-earnings-projections-slide-coronavirus-shutdown-recession-goldman-sachs-2020-4-1029063649

Posted by GreatDreamer > 2020-04-04 03:48 | Report Abuse

Spore Lockdown. Share price to drop on Monday as Maybank derive 30% revenue from Spore Ops.

Posted by EDINVESTOR > 2020-04-04 06:13 | Report Abuse

Crude oil rising means more upside for MAYBANK. I believed the price will hit above 7.70 before the dividend ex date on 10th April.

Posted by chongkahagent > 2020-04-04 21:40 | Report Abuse

Maybank is highly overpriced

Reasonable price= rm 0.60

Whoever hold it should run for your life

Posted by EDINVESTOR > 2020-04-05 08:43 | Report Abuse

You dreaming about 0.60 every day and night? Only can afford to buy at 0.60? You are most stupid investor in bursa and a poor one.

Posted by skybursa > 2020-04-05 10:20 | Report Abuse

Buy before dividend ex date. Next month I will receive over RM 13k dividend

Posted by masterus > 2020-04-05 21:37 | Report Abuse

Brent crude rebounded to $34 per barrel

Posted by skybursa > 2020-04-06 08:00 | Report Abuse

The contagious in most part of Europe and US are flattering accept in Turkey and UK. I think the next pandemic will be India and Indonesia. Crude oil prices rise is good news for bursa Malaysia.

Posted by leslieroycarter > 2020-04-06 08:56 | Report Abuse

I think buy ex div 39c shall b better coz by that time the stock may dip below 6.50 .

Posted by michael_jackson > 2020-04-06 09:07 | Report Abuse

wow...very early at 9.00am, already got heavy panic buying.....haha.

Posted by signalmw > 2020-04-06 09:13 | Report Abuse

All in

Posted by malaysiakuku > 2020-04-06 09:21 | Report Abuse

siapa cepat, dia dapat.....memang betul giler....

Posted by malaysiakuku > 2020-04-06 09:25 | Report Abuse

7.50....memang dalam cengkaman...

Posted by dayang_suri > 2020-04-06 09:41 | Report Abuse

yes, moving up a lot today...

Posted by michael_jackson > 2020-04-06 09:53 | Report Abuse

confirmed up.....

Posted by JN88 > 2020-04-06 10:21 | Report Abuse

sell

Posted by EDINVESTOR > 2020-04-06 10:49 | Report Abuse

Buy buy buy buy ......... .buy

Posted by stocksyndicate > 2020-04-06 10:55 | Report Abuse

Don't hesitate. DONT THINK THIS & THINK THAT. LIFE ARE MUCH SECURE WITH HARIMAU MALAYSIA. ITS A SYMBOL OF NATIONAL PRIDE. BUYYYYYY!

Posted by teeren90 > 2020-04-06 12:15 | Report Abuse

hi guys, may i ask if Maybank share price will be adjusted after the dividend? if so, by how much? thanks

Posted by stocksyndicate > 2020-04-06 12:35 | Report Abuse

Of course adjust after 0.39 cents after ex date

Posted by EDINVESTOR > 2020-04-06 12:37 | Report Abuse

HARIMAU BOLEH! ROAR! ROAR!ROAR!

Posted by malaysiakuku > 2020-04-06 14:19 | Report Abuse

7.63....horrray horray horray!!!!

Posted by anal_yst > 2020-04-06 14:33 | Report Abuse

lol...good luck guys... normally when it shoot up like this ... those has not yet exit... will be slaughtered... ;) careful ah.. limpeh no lie to you ah...

Posted by michael_jackson > 2020-04-06 14:35 | Report Abuse

power lah maybank....

Posted by Tedinvestor > 2020-04-06 14:39 | Report Abuse

US stock market futures rise over 800 points. KEEP BUY CALL ON MALAYSIA TIGER. BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

Posted by michael_jackson > 2020-04-06 14:40 | Report Abuse

all financial services stocks seem going up today....panic buying on the way...haha..

Posted by EDINVESTOR > 2020-04-06 14:44 | Report Abuse

I guess the covid-19 cases beginning to show flattering patterns in Europe and US. The crisis will be over very soon