Posted by stocksyndicate > 2020-07-05 16:04 | Report Abuse

Another rate cut next week

Posted by stockraider > 2020-07-05 22:31 | Report Abuse

This sohai LGE just want to fish votes loh....u think your grandfather own the bank meh ??

U better pakai otak & think lah, the banks already says willing to help the borrowers provided it is a viable case to help mah...!! If it is a gone case...better cut it short to prevent more damage later mah..!!


KUALA LUMPUR, July 5 — DAP secretary-general Lim Guan Eng has backed those calling the federal government to consider extending the moratorium on loan repayments slated to end in September by at least another six months.

Lim, who is also Bagan MP, cited how unemployment rates have gone up from 3.2 per cent in January to 5 per cent in April, with April’s figure amongst the highest in the recent decades.

“It will continue to go higher because many companies are still in the process of retrenching their employees. At a time when the economy is getting worse, many Malaysians and local businesses are not prepared to face the moratorium’s expiration.

“I hope the government will extend the moratorium period until the country’s economy begins to recover,” he said in a statement on Facebook here.

Under the Prihatin Rakyat Economic Stimulus Package’s (Prihatin), Bank Negara Malaysia (BNM) has proposed an automatic moratorium on all loan repayments by individuals and small and medium enterprises for six months from April 1 until September 30.

The former finance minister said any form of extension will help ordinary Malaysians plan their financial obligations properly and lighten the burden.

“There is no use in bankrupting anyone and exacerbating the economic downturn that we are weathering through at the moment,” he added.

He added that the six-month moratorium was estimated to cost RM100 billion, according to the prime minister.

“As reported by the finance minister, as much as RM47.5 billion have been utilised as of June 19. I am confident that the government could do much more,” Lim added.

It was reported on Friday that BNM said it was unlikely that financial institutions would extend the six-month moratorium on the payment of monthly instalments for vehicles and housing loans which will end on September 30.

BNM assistant governor Adnan Zaylani Mohamad Zahid reportedly said that the economic recovery would continue and that BNM has no intention of extending the moratorium as it would have repercussions that it wanted to avoid.

Adnan’s statement was consistent with Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, who on June 28 said that it is up to the banks if they wish to extend the loan moratorium in a targeted way.

Tengku Zafrul was quoted as saying that the targeted moratorium extension should be looked at by banks on a case-by-case basis.

Posted by aliyusof > 2020-07-06 07:49 | Report Abuse

Yes, utterly unfair to use private companies though with government as a major shareholders to do charity works.

Posted by stockraider > 2020-07-06 08:15 | Report Abuse

Sohai LGE say that...actually Govt says leave it to the individual bank to decide case by case to see whether can help or not mah...!!

This means the Govt want win win solution loh...!!


Posted by aliyusof > Jul 6, 2020 7:49 AM | Report Abuse

Yes, utterly unfair to use private companies though with government as a major shareholders to do charity works.

Posted by HumbleFund > 2020-07-06 16:50 | Report Abuse

Good run today

Posted by troy88 > 2020-07-06 17:04 | Report Abuse

Nice. Slowly climbing back to 8. No worries, no stress for this share.

Posted by wildkid > 2020-07-06 19:29 | Report Abuse

Why not going down? I waiting for RM5

Posted by buffet3333 > 2020-07-06 22:10 | Report Abuse

not going down because it's going back to $8.50, next month dividend announcement, expected 25sen to 30sen

Posted by masterus > 2020-07-06 23:55 |

Post removed.Why?

Posted by troy88 > 2020-07-07 10:08 | Report Abuse

Steadily climbing up to 8 and above. I wonder why got people waiting for it to go down to 5? Wonder what they are smoking?

Posted by Diamond7 > 2020-07-07 10:44 | Report Abuse

Good dividend yield!
At least 8.2% yearly!
Better than EPF

Posted by wotvr > 2020-07-07 12:13 | Report Abuse

A good stock but external factors remain.

Posted by degaht > 2020-07-07 15:22 | Report Abuse

https://www.theedgemarkets.com/article/bnm-cuts-opr-25bps-175

Posted by troy88 > 2020-07-07 15:42 | Report Abuse

OPR cut, no worries. Will drop a bit but come back up again. If drop back to 7.40-50 which I doubt, I will collect more.

Posted by dragon12345 > 2020-07-07 17:50 | Report Abuse

https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5078

Posted by Mabel > 2020-07-07 18:32 | Report Abuse

@troy88 OPR cut, no worries. Will drop a bit but come back up again. If drop back to 7.40-50 which I doubt, I will collect more.
07/07/2020 3:42 PM

Indeed troy88,

Beside KLSE Top 10, Maybank usually gives dividend yield, at least 8.2% yearly which is better than n EPF. Today market retrace for Banking Stocks. Decided to add Maybank into Mabel Banking portfolio to join her 4 sister CMIB, Alliance Bank, Bank Islam Malaysia and MBSB Maybank used to trade above RM 11. Current price is an offer that Mabel cannot refuse.

Very please to join this team

I presume by the end Dec KLSE top 10 MCap company as follows..

1. Mabel Wife Top Gloves
2. Mabel Mother Hartalega
3. Mabel Banking Maybank
4. Mabel Utilities Tenaga
5 PBB
6 PChem
7 IHH
8 Mabel Girl Friend Supermax
9 Mabel Banking CIMB
10 Maxis

Meow Meow Meow

Posted by Mabel > 2020-07-07 18:40 | Report Abuse

In the Glove Sector, we have this saying "If Top Glove is your wife, Kossan is your Japanese mistress and Supermax is your girlfriend ....Hartalega is your MOTHER.

No matter how much you love your wife, mistress and girlfriend, Do not ever forget your own mother. They all exist for a reason.

Meow Meow Meow Meow

Posted by eugenechan9 > 2020-07-07 22:16 | Report Abuse

mabel i see you everywhere. high capital huh bought so many counters. cheers

Posted by malva > 2020-07-07 22:22 | Report Abuse

Maybank cuts base rate to 1.75% from 2% following OPR revision

Posted by malva > 2020-07-07 22:22 | Report Abuse

Malayan Banking Bhd (Maybank) will cut its base rate (BR) and base lending rate (BLR) by 25 basis points (bps) effective July 9

Posted by malva > 2020-07-07 22:23 | Report Abuse

follows Bank Negara Malaysia’s move today to reduce its Overnight Policy Rate (OPR) by 25 bps to a record low of 1.75%. The central bank has made four OPR cuts totalling 125 bps so far this year.

Posted by malva > 2020-07-07 22:23 | Report Abuse

Maybank said its BR would be lowered to 1.75% per annum from 2% at present, while its BLR will be revised to 5.40% from 5.65%

Posted by malva > 2020-07-07 22:23 | Report Abuse

The move will also be replicated in its Islamic Base Rate and Base Financing Rate. The Islamic Base Rate will be lowered 25 bps to 1.75% per annum, from 2%, and the Base Financing Rate to 5.40% from 5.65%.

Posted by troy88 > 2020-07-08 09:32 | Report Abuse

OPR cut, down a bit just for a while and back up. Steady counter.

Posted by OPR_must_cut > 2020-07-08 11:04 | Report Abuse

BNM rate cut hints of a higher vulnerability
https://www.theedgemarkets.com/article/bnm-rate-cut-hints-higher-vulnerability

Posted by RedEagle > 2020-07-08 13:21 | Report Abuse

Modification Loss will hit Total Income?

Posted by Reiko8 > 2020-07-08 17:16 | Report Abuse

Will drop to 7.5?

Posted by Mabel > 2020-07-08 19:49 | Report Abuse

@eugenechan9 mabel i see you everywhere. high capital huh bought so many counters. cheers
07/07/2020 10:16 PM

Meow Eugene... So happy bought yesterday..

Today my Maybank already turn green..

Life is so beautiful..

Meow Meow Meow

Posted by RedEagle > 2020-07-08 21:54 | Report Abuse

Q2 result true colour for Banking sector
~NPL
~Modification Loss
~Others Income
~Expected Credit Loss
~Lower Disbursement
~Cashflow

Posted by Juniper > 2020-07-09 09:32 | Report Abuse

Look like today is banking day

Posted by rosepetal > 2020-07-09 12:35 | Report Abuse

aiyoooo.... all green today.... wanted to buy leh... still a good buy?

Posted by DannyArcher > 2020-07-10 09:49 | Report Abuse

come, invest in semiconductor companies such as MPI with good dividend.

Posted by InsiderShark > 2020-07-10 15:39 |

Post removed.Why?

Posted by newwin168 > 2020-07-10 17:12 | Report Abuse

Will opr cause further drop of bank share?

Posted by Sales > 2020-07-11 15:46 | Report Abuse

Hi Mabel!

Posted by buffet3333 > 2020-07-13 08:56 | Report Abuse

https://news.cgtn.com/news/2020-07-12/China-s-COVID-19-vaccine-maker-in-talks-with-Phase-III-trial-overseas-S3D8Zv6UHm/index.html

Vaccine coming Sep-Dec 2020

Posted by Mabel > 2020-07-13 10:38 | Report Abuse

@Sales Hi Mabel!
11/07/2020 3:46 PM

Hi Sales!

Nice to see you here too..

Meow Meow Meow

Posted by Mabel > 2020-07-13 10:40 | Report Abuse

@InsiderShark Semiconductor is the future, buy MPI, DUFU, Penta, Frontken for future. Invest some now when it is still cheap, diversify. Banks will be making lower profit, therefore the price will fall. Come to semiconductor now.
10/07/2020 3:39 PM

Already done...

Greatec
Penta
Istone
Inari
MyeG
Revenue
Elsoft..

Meow

Posted by getingreal > 2020-07-13 16:49 | Report Abuse

Tourism sector all crying for further moratorium, in other words asking the banks shareholders to bear the brunt again. The tourism sector is mostly made up of hotels which are either owned by offshore entities, millionaires or by public companies. I say their own shareholders should inject capital if they cant afford their loans, same as any other business.

Posted by buffet3333 > 2020-07-13 22:54 | Report Abuse

moratorium is to help common folks, not for tourism businessman that wants to reduce own losses by using other people money

Posted by Mabel > 2020-07-15 10:35 | Report Abuse

Today, took another opportunity to collect the Mother of all Gloves (Hartalega), Wife of all Gloves (Top Gloves )and the Mother of all Banks (Maybank) as the market is still on pull back.

Meow Meow Meow

Posted by smallkid91 > 2020-07-15 13:01 | Report Abuse

@insidershark AFAIK... Malaysia's tech more on manufacturing, which countries like vietnam is putting pressure on. :X

Posted by Mabel > 2020-07-15 18:31 | Report Abuse

So Nice and so Green...

Meow

Posted by freddiehero > 2020-07-15 19:11 | Report Abuse

yes.. look nice

Posted by AdamK733 > 2020-07-16 16:14 | Report Abuse

For MBB CDS account holder.....hang kei is very common. We get used to it. Just another day

Posted by buffet3333 > 2020-07-16 16:22 | Report Abuse

Always hang when volume very high at MBB CDS account....30 years old system still using Internet Explorer to run....but this time is Bursa, due to glove stock bubble bursting already

Posted by Legend > 2020-07-16 16:36 | Report Abuse

MBB still used Internet Explorer...otai pasti berbisa!

Posted by CakapSohaiThings > 2020-07-17 17:13 | Report Abuse

When the big players are done consolidating, get ready to fly!

https://www.forbes.com/sites/sergeiklebnikov/2020/07/16/what-recession...

https://www.wsj.com/articles/trading-powers-morgan-stanley-to-45-profi....

Posted by CakapSohaiThings > 2020-07-17 17:21 | Report Abuse

Collect now when it is still cheap and thank me later.

Also, please express gratitude to all the traders out there for all the trading volume and the trading revenue for the IBs. Q2 YoY profit might reduce, but will be significantly better than expectations due to the massive boost in trading revenue in the market rally.

Posted by smallkid91 > 2020-07-18 10:48 | Report Abuse

@cakapsohaithings imo collect small volume ok la.. but impact of potential defaults after sept from service sector not priced in yet i think..