Posted by troy88 > 2020-06-25 10:50 | Report Abuse

Should be a good price now to pick up some for long term investment. Maybank relatively stable and provide good dividend yield.

Posted by masterus > 2020-06-25 11:23 | Report Abuse

More cuts in M'sia

AmBank Group chief economist Dr Anthony Dass said the possibility of the central bank reducing the Overnight Policy Rate (OPR) by another 50 basis points in July remains high.

"The rate cut will provide a much-needed boost for economic recovery amidst the Covid-19 pandemic.

"It will help stabilise the national economy and ensure Penjana's success," he said.

Posted by Big3 > 2020-06-25 19:17 | Report Abuse

More foreign funds are existing KLSE. Maybank also got alot of foreign investors pulling out theirs funds. Heard these foreign big funds are going to pull most of their funds from stock mkt to bond mkt soon. It is gonna be massive and billions around the world. Kaw kaw.

Posted by apanama > 2020-06-26 10:50 | Report Abuse

Maybank has problem to breakthru 8.20-8.40. So expect Maybank goes down around 7.30-7.00. If index FBMKLCI break 1448 definitely touch 1,340-1,360. So can expect Maybank to trade below 7.30 at that point. All the best for those who accumulate at 7.60. As for me i would rather wait n b PATIENCE. 7.30 and below just around the corner

Posted by DeepValueInvestor > 2020-06-26 12:15 | Report Abuse

https://www.marketwatch.com/story/bank-stocks-may-rally-powerfully-onc...
https://www.abc.net.au/news/2020-06-26/wall-street-dow-jones-bank-stoc...

Lai, time to fly, banks' QR2 reports will not be as bad as priced in expectations.

Posted by DeepValueInvestor > 2020-06-26 12:17 | Report Abuse

As for stock picks, KLCI blue chips like Axiata, Maybank, CIMB, GenM, Genting, Sime, MISC, Topglove and Harta should witness rotational buying interests to aid uptrend resumption ahead of the mid-year window dressing.
Source: HLB research highlight

Time to collect before buying interest switch from gloves and gaming to banks. Also, in 2008-2009, some banks despite having -eps in some quarters, the banking stocks just shot up when the recession ended on March 2009 (after QE started on Nov 2008)

Posted by MingGoon > 2020-06-26 15:31 | Report Abuse

banking stocks.... next, and next next qtr released financial, the figures should be ugly...

Who want to see the ugly figures..
People scare ma
Scare then how
Run now

Need some time to re-start the economy
business are only start opening
needs time to gather momentum

Some more new 2nd wave coming
USA report more figures

Worry, worry..
If Mar 2020 lowest in bursa history will be coming again
If that happen , then would July 2020 lower than Mar 2020 figures...

Friday...
next week, if July coming.

Posted by Gunplakk > 2020-06-26 22:17 | Report Abuse

Npl will rise after six-month loan moratorium period.... bank shares will drop further... 7 rm target

Posted by tomdickharry > 2020-06-27 00:14 | Report Abuse

<RM5

Posted by tomdickharry > 2020-06-27 00:15 | Report Abuse

Buy only when all the business are closing , more housings are being put up for lelong

Before that scenes happen, it is still not the lowest point

Posted by aliyusof > 2020-06-27 10:44 | Report Abuse

Banking crisis imminent, warns economist

https://www.freemalaysiatoday.com/category/nation/2020/06/27/banking-crisis-imminent-warns-economist/

Posted by aliyusof > 2020-06-27 10:47 | Report Abuse

Dow Jones down 730 points! Sweating..

Posted by stockraider > 2020-06-27 11:18 | Report Abuse

U buy maybank for its good dividend yield & a safe place to hide mah..!!

Posted by freddiehero > 2020-06-27 12:34 | Report Abuse

tiger turun bukit; anda sudah ready belum........???

Posted by Nobita ( I'll be back) > 2020-06-27 22:17 | Report Abuse

Aiseh, banks escape Windfall Tax from Nobita. No worry, after I'm back, I'll look for other windfall tax.

Posted by Nobita ( I'll be back) > 2020-06-27 22:28 | Report Abuse

Malaysia mudah lupa, Malaysia memang suka-suka kasi windfall tax

https://www.nst.com.my/business/2019/03/470867/finance-minister-hints-...

politik bergolak lagi, ambui....if Tun M menang, Nobita coming back, suka-suka windfall tax coming back oh, kekekekeke

mali-mali mali foreign funds, sila datang balik, Nobita mungkin jadi FM balik wor....jangan lari-lari

ada bola datang balik wor

Posted by Value Investor Coo1eo > 2020-06-27 22:57 | Report Abuse

RM6....

Posted by tradetoinvest > 2020-06-28 14:35 | Report Abuse

https://www.thestar.com.my/news/nation/2020/06/28/finance-minister-govt-to-discuss-with-banks-extension-of-six-month-loan-moratorium

Posted by buffet3333 > 2020-06-28 21:21 | Report Abuse

better become communist...rob all the banks and temporary relief the poor voters...TP revised down to $1.0
---------------------------------------------------------------------------------------------------------------------

tradetoinvest https://www.thestar.com.my/news/nation/2020/06/28/finance-minister-gov...

Posted by buffet3333 > 2020-06-29 00:23 | Report Abuse

https://news.yahoo.com/chinese-firm-says-coronavirus-vaccine-080922778.html

Vaccine is coming !! Expected by September

Posted by aliyusof > 2020-06-29 09:32 | Report Abuse

https://www.theedgemarkets.com/article/banking-and-financial-system-suffer-rm1-trillion-losses-if-economy-not-reopened-—-pm?type=malaysia

Posted by aliyusof > 2020-06-29 09:40 | Report Abuse

Extension of 6 months fixed bank loan moratorium will surely be carried out especially snap general election is likely called this year. Banks and all GLCs (appointment of know nothing MPs as chairmen) are doing charity work at the expense of shareholders. Votes are primary consideration lah.

Posted by newbie4444 > 2020-06-29 12:13 | Report Abuse

If I take new loan can I don't pay if jobless?

Posted by DickyMe > 2020-06-29 12:16 | Report Abuse

"Posted by newbie4444 > Jun 29, 2020 12:13 PM | Report Abuse

If I take new loan can I don't pay if jobless?"
===================================================

Your question only gives others a deep insight of your integrity and honesty. You are not to be trusted.

Posted by CatchThe Bull > 2020-06-29 12:43 | Report Abuse

Maybank not extending the six-month loan moratorium period

https://www.theedgemarkets.com/article/maybank-not-extending-sixmonth-loan-moratorium-period?type=malaysia

Posted by DannyArcher > 2020-06-29 13:06 | Report Abuse

@newbie4444

Before you take a new loan, make sure you have enough money in your bank to pay the loan in the event you lose your job. It is also your responsibility to make sure you have an insurance policy to cover any unforeseen circumstances.

Now, can the bank charge you more if they are making losses? Should you pay more interest if you suddenly earn more? No. it is an agreement between 2 parties and whatever happens in between doesn't void or change the agreement to benefit either sides. Period

Posted by aliyusof > 2020-06-29 13:21 | Report Abuse

All GLC CEO imcluding Maybank will follow instruction if government insist to extend moratorium period. Or he will have to go......no two way about it

https://www.theedgemarkets.com/article/maybank-not-extending-sixmonth-loan-moratorium-period?type=malaysia

Posted by newbie4444 > 2020-06-29 13:42 | Report Abuse

I take loan to help economy. Now jobless because of Covid19 how can I forecast?

Posted by wikioon > 2020-06-29 14:10 | Report Abuse

don't take loan then. you take loan also won't help the economy.

Posted by buffet3333 > 2020-06-29 14:20 | Report Abuse

you sounds like north korea communist country, there is no free lunch, lunch have to come from somewhere
-------------------------------------------
aliyusof All GLC CEO imcluding Maybank will follow instruction if government insist to extend moratorium period. Or he will have to go......no two way about it

Posted by getingreal > 2020-06-29 18:41 | Report Abuse

Directors are legally responsible to look after all shareholders interests, they not there to give free rides to borrowers to gain votes for any political party. If they are not prepared to look after shareholders interests exclusively, then they should in all conscience resign. Come September if Maybank does not pay dividends as per normal I will dump my Maybank shares, as I have recently dumped ABMB for failing to pay its June dividend.

Posted by Yua213 > 2020-06-29 23:50 | Report Abuse

drop till 6 something maybe boleh consider masuk test water

Posted by MichelleNg > 2020-06-30 05:41 | Report Abuse

Hope below RM5. No rush to buy now

Posted by WarrenPuffet > 2020-06-30 08:42 | Report Abuse

Still wait mea.... The see the price statistics the price chart already on a U-Turn shape. The lowest is already past (months back).

Posted by smallkid91 > 2020-06-30 11:17 | Report Abuse

Not yet priced in npl/foreclosures le..
Loan memorandum also priced in up to march :x

Can slowly buy if got fomo.
Else make your camps and wait first

Posted by degaht > 2020-06-30 14:26 | Report Abuse

https://www.theedgemarkets.com/article/sp-global-revises-outlook-five-malaysian-banks-negative

Posted by degaht > 2020-06-30 14:28 | Report Abuse

https://www.theedgemarkets.com/article/sp-global-revises-outlook-five-malaysian-banks-negative

Posted by masterus > 2020-06-30 17:14 | Report Abuse

UK (Fitch) credit rating downgrade from AA to AA-

Canada (Fitch) credit rating downgrade from AAA to AA+

Hong Kong (Fitch) credit rating downgrade from AA to AA-

Hong Kong (Moody's) credit rating downgrade from Aa2 to Aa3

Posted by arthur8756 > 2020-06-30 20:10 | Report Abuse

Enter at 7.84, want let go or not?

Posted by Ronaldh > 2020-06-30 20:46 | Report Abuse

long term holding , wont be wrong , dont cut loss....

Posted by smallkid91 > 2020-06-30 23:59 | Report Abuse

Arthur depends how much capital u have deployed.

If you have overleveraged/ have over exposure, you can always trim instead of let go.

Posted by CatchThe Bull > 2020-07-01 14:32 | Report Abuse

I wrote a sharing on How to invest Maybank (for newbie) for 100% guarantee return in my chinese blog: https://fashiongateway.blogspot.com/2020/07/maybank.html

Posted by buffet3333 > 2020-07-03 00:30 | Report Abuse

https://www.globaltimes.cn/content/1192598.shtml

For the first time a phase 3 human trial of vaccine started, Chinese company, prepare for glove stock bubble burst in September 2020

Posted by troy88 > 2020-07-03 09:49 | Report Abuse

Good thing I bought when it was low 7.5X. This share quite stable and I can close eyes and let the dividends roll in like passive income.

Posted by HumbleFund > 2020-07-03 09:57 | Report Abuse

Same average down by adding 2 days ago. Now seems good.

Portfolio negative 0.50%, recovering slowly but surely!

Posted by troy88 > 2020-07-03 10:09 | Report Abuse

This is one share that I own that I have no worries. At it's worst it may go down to low 7s but will bounce back up quite fast. When Covid crisis is over, it will be back in the 8-9 range easily. You won't become rich but you know your money is safe and earn the dividends like a good FD.

Posted by HumbleFund > 2020-07-03 17:44 | Report Abuse

Well said troy

Posted by thetruthoracle > 2020-07-04 02:36 | Report Abuse

Banks are always heartless, their stocks will suffer. they are no longer a safe haven for investors. Glove stocks is now the safe haven. In any event, banks deserve less pity since they make massive profits over the years. Cut all their bankers' bonuses and all will be well again. Sickening to read all the cry over the less gains, have you ever heard of a bank making losses? I never thought bankers' service are that good ....mostly a bunch of arrogant salesmen/women. The covid is a good time to correct the situation. Give business to the banks that serve us well. those that inflexible with their terms, guys bring your business elsewhere. refinance your loans - make these banks compete for your business. the choice is us consumers not them.

Posted by bombominvest > 2020-07-04 07:25 | Report Abuse

Maybank can continue hoot le!

Posted by bombibistock > 2020-07-04 07:26 | Report Abuse

wah bom! click your name can see Maybank!