Posted by newbie5354_ > 2020-08-18 11:41 | Report Abuse

Windfall tax on gloves fake news? Why not windfall tax on banks?

Posted by Value Investor Coo1eo > 2020-08-18 12:07 | Report Abuse

@michelleng - do not spread fake fake news.

Posted by jltay > 2020-08-18 12:41 | Report Abuse

musa will push the pworth to sky. invest

Posted by vcinvestor > 2020-08-18 12:42 | Report Abuse

fake fake news = real news?

Posted by Enemiemannan > 2020-08-18 16:05 | Report Abuse

wah u all sell maybank to buy topglove ah？ why drop so much

Posted by xxxx > 2020-08-18 16:35 | Report Abuse

The sky is falling on Maybank.

Posted by xxxx > 2020-08-18 16:36 | Report Abuse

Better sell your shares to me.

Posted by tradetoinvest > 2020-08-18 17:41 | Report Abuse

When glove counter fly, the rest counters need to stand aside.

Posted by RedEagle > 2020-08-18 20:42 | Report Abuse

QR announcement why so late? Lower profit due to Modification Loss?

Posted by masterus > 2020-08-19 09:06 | Report Abuse

https://www.nationsencyclopedia.com/Asia-and-Oceania/Malaysia-MINING.html

Posted by masterus > 2020-08-19 09:08 | Report Abuse

Copper price jumps to 2-year high

Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.

Copper for delivery in September trading in New York changed hands for $2.9815 a pound ($6,573a tonne) in afternoon trade, up 2.8% from Monday’s settlement.

Copper futures prices are on track for the highest close since July 2018 and are now up by more than 50% from the covid-19 lows struck in March.

Posted by masterus > 2020-08-19 10:29 | Report Abuse

Around 70% correlation-
The Australian dollar and Copper have around a 70% correlation.

Posted by masterus > 2020-08-19 10:33 | Report Abuse

Trading the Australian dollar (AUD) is just like trading gold in many ways. As the world's second-largest producer of gold (third largest some years), the Australian dollar has a high positive correlation with the precious metal.

Posted by Mk Jr > 2020-08-19 10:39 | Report Abuse

i bought 120 lot of maybank. dunno can bo haha

Posted by masterus > 2020-08-19 10:39 | Report Abuse

Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
Shalini Nagarajan
Aug. 17, 2020, 07:33 AM

Posted by 121212 > 2020-08-19 12:39 | Report Abuse

How come epf keep disposing Maybank?

Posted by masterus > 2020-08-19 17:53 | Report Abuse

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM
Chong Jin Hun
/
theedgemarkets.com

August 19, 2020 12:23 pm +08

Posted by icecool > 2020-08-19 19:43 | Report Abuse

more free money coming !!! Yeehaaa!!! woohooo!!! hahaha!!! huhuhu!!! lalala!!!
_______________________________________________________________________________________________________

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM

KUALA LUMPUR (Aug 19): Bank Negara Malaysia (BNM) may cut the overnight policy rate (OPR) to 1.50% by end of this year as Malaysian Government Securities' (MGS) yields fall to record lows amid the abundance of global liquidity, according to RAM Rating Services Bhd.

RAM economist Woon Khai Jhek wrote in a note today RAM expects domestic bond yields to stay suppressed amid the abundance of global liquidity and that RAM is not discounting another round of OPR cuts by BNM.

"We think (the) OPR could possibly end 2020 at 1.50%,” Woon said.

"In line with robust foreign demand, yields trended down through July. This broad-based decline was also driven by BNM’s fourth rate cut this year, for a total of 125 bps year to date. The benchmark interest rate stands at 1.75% — the lowest since the introduction of this policy tool in 2004. Concurrently, the benchmark 10-year MGS yield fell to a record low of 2.62% as at end-July (-32.2 bps m-o-m) while the shorter-term one-year MGS hit a fresh low of 1.78% (-26.9 bps m-o-m),” he said.

According to Woon, regional (Asian) bond markets have seen a recent resurgence of foreign interest as sentiment improved on the resumption of economic activities.

Another driving factor is the ample global liquidity from quantitative easing, he said.

Woon said Malaysian bonds registered their third consecutive net foreign inflow in July 2020 at RM7.1 billion.

"Consequently, foreign holdings of MGS/GII rose to 23.5% of the total outstanding (bonds) in July, close to the 23.9% in February — pre-Covid-19. In contrast, the participation rate in Thailand and Indonesia stayed on a downtrend despite also seeing a consistent return of foreign demand,” he said.

GII stands for Islamic-based Government Investment Issues, according to BNM’s website.

https://www.theedgemarkets.com/node/527460

Posted by buffet3333 > 2020-08-20 14:33 | Report Abuse

https://www.theedgemarkets.com/article/cruise-ship-operator-genting-hong-kong-suspends-payments-creditors

Tomorrow Maybank and RHB bank share price will drop like crazy...Genting HK collapse, biggest loan are from both of them

Posted by Panorama1 > 2020-08-20 20:18 | Report Abuse

Cruise ship operator Genting Hong Kong suspends payments to creditors
https://www.straitstimes.com/business/companies-markets/genting-hong-kong-suspends-payments-to-creditors?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-08-20%2020%3A08%3A27

Posted by Goodprofit > 2020-08-20 20:56 | Report Abuse

maybank jialat , tomorrow sure gap down

Posted by Goodprofit > 2020-08-20 21:29 | Report Abuse

RM4.50

Posted by Goodprofit > 2020-08-20 21:29 | Report Abuse

maybe still got same like GEN-HK case ? more

Posted by Goodprofit > 2020-08-20 21:51 | Report Abuse

Dividend should be off this Q or next

Posted by buffet3333 > 2020-08-20 22:08 | Report Abuse

Wow RM1.5 billion cash wipe off from Maybank.
That is about one quarter of profit totally wipe off.
More NPL news coming soon waiting to explode.....stay tuned

------------------------------------------------------------------------------------------------------------------------
Panorama1 Maybank loan exposure to Genting HK ~ USD350m. In addition to loan moratorium impact, looks like NPL will spike significantly for QR2 to be announced next week :-{

Posted by 121212 > 2020-08-20 22:14 | Report Abuse

USD350m? Where you get the info?

Posted by Goldgent > 2020-08-20 22:16 | Report Abuse

Read today The Star & The Edge news.

Posted by zhen wei & JP > 2020-08-20 22:21 | Report Abuse

Pipe leaking.

Posted by JBond007 > 2020-08-20 22:30 | Report Abuse

Oops.......pity for the Harimau Bank.

Posted by pedang > 2020-08-20 23:40 | Report Abuse

limit down incoming

Posted by secretinvestor8888 > 2020-08-20 23:42 | Report Abuse

TOMORROW ALL BANKS LIMIT DOWN..... ALL NON-COVID-RELATED SECTORS WILL BLEED!

Posted by secretinvestor8888 > 2020-08-20 23:42 | Report Abuse

HUAT AAAAAAAAAAAAAAAAR

TOMORROW SUPERMAX FLY TO AMAZING NEW HEIGHTS

BE FOREWARNED

I AM THE GREAT PROPHET

I PREDICT AUGUST 18 RISE

I PREDICTED BLACK MONDAY AND BLACK FRIDAY

NOW IM TELLING YOU TOMORROW IS GOLDEN GLOVE FRIDAY

ALL GLOVES FLY TO NEW HEIGHTS BE VERY VERY SCARED IF YOU HAVENT BUY YET BECAUSE OTHER STOCKS WILL PLUMMET WHILE GLOVE GO SUPER HIGH....

Posted by JK22 > 2020-08-20 23:43 | Report Abuse

What TP? Should wait till QR out ?

Posted by smallkid91 > 2020-08-20 23:51 | Report Abuse

:x

Posted by secretinvestor8888 > 2020-08-20 23:52 | Report Abuse

TP 4.44!!! HAHAHAHAHAH BE VERY SCARED!

Posted by secretinvestor8888 > 2020-08-20 23:53 | Report Abuse

AUG 21st IS THE DAY ALL GLOVE NAYSAYERS WILL CRY

Posted by secretinvestor8888 > 2020-08-20 23:54 | Report Abuse

A DEADLY WOUND ALWAYS STARTS SMALL..... SOON IT WILL CAUSE TETANUS AND DEATH!!! BE VERY AFRAID!!!
https://themalaysianreserve.com/2019/05/31/maybanks-1q-profit-falls-3-on-additional-provisions-for-bad-loans/

Posted by JBond007 > 2020-08-20 23:57 | Report Abuse

Month of seven......lots of hantu.
Very scary.....stay away from stock market.

Posted by pedang > 2020-08-20 23:57 | Report Abuse

no wonder la why warren buffet sell out all banking stocks

Posted by truly > 2020-08-20 23:59 | Report Abuse

tp 3.33

Posted by pedang > 2020-08-21 00:01 | Report Abuse

to playsafe buy gloves and duopharma stocks

Posted by secretinvestor8888 > 2020-08-21 00:02 | Report Abuse

sell sell sell all pharma.... buy GLOVES only....... best warrant is supermax c97

Posted by secretinvestor8888 > 2020-08-21 00:02 | Report Abuse

@pedang dont mislead them with your small brain...... gloves is the only viable option

Posted by fightingdragons > 2020-08-21 05:43 | Report Abuse

https://www.theedgemarkets.com/article/maybank-has-lent-us350m-and-rhb-bank-us100m-genting-hk-which-has-temporarily-suspended

The total loan exposure of US$350 million, or RM1.45 billion, consists of US$250 million unsecured loans. Analysts estimate the exposure to be about 26 to 29 basis points (bps) of Maybank’s gross loans.

At RHB, the banking group’s loan exposure to GENT HK is US$100 million, Bloomberg data shows. This is estimated to be equivalent to about 22 to 25 bps of the group’s gross loan portfolio.

Analysts opine that loan loss provision is inevitable for the two banking groups in view that GENT HK is currently in the rough waters as the COVID-19 pandemic has taken a heavy toll on the cruise industry.

Posted by fightingdragons > 2020-08-21 05:46 | Report Abuse

26-29 basis points i.e. 0.26% to 0.29% of gross loan. I assume this is not going to make a big dent on profits and share price although sentiment will be affected.

Posted by zhen wei & JP > 2020-08-21 07:39 | Report Abuse

Peanut butter.

Posted by JP1952 > 2020-08-21 07:39 | Report Abuse

Top glove will be the largest company if shares of Maybank plunged today.

Posted by BATFLY > 2020-08-21 08:02 | Report Abuse

Maybank also hit by oil and gas company.. Maybe this is the tips of iceberg.. More to come..

Posted by xxxx > 2020-08-21 08:32 | Report Abuse

Alfred E Neuman said not to worry..."What me worry?"

Posted by 121212 > 2020-08-21 11:38 | Report Abuse

I believe epf will dispose maybank and buy rhb