Posted by masterus > 2020-11-01 18:42 | Report Abuse

Prime Minister Boris Johnson has announced a second national lockdown for England to prevent a "medical and moral disaster" for the NHS.

He said Christmas may be "very different" but he hoped taking action now would mean families can gather.

Pubs, restaurants, gyms and non-essential shops will have to close for four weeks from Thursday, he said.

But unlike the restrictions in spring, schools, colleges and universities can stay open.

Posted by masterus > 2020-11-01 18:46 | Report Abuse

Austria's government announced Saturday a second mass shutdown and a curfew starting next week until the end of November, in an attempt to halt rocketing coronavirus infection numbers.

Posted by DannyArcher > 2020-11-01 23:40 | Report Abuse

PH/DAP wants loan moratorium and wage subsidy initiatives to be extended until March 31, 2021.... run... GG

Posted by ahwong95 > 2020-11-02 09:36 | Report Abuse

stupid fcking maybank, rubbish

Posted by aliyusof > 2020-11-02 10:20 | Report Abuse

PH/DAP wants to make voters happy. So, PN likely follows it.

Posted by BuahCiku > 2020-11-02 10:45 | Report Abuse

Aiyo...broken rm7...how can buy ot not....aiyoyo...kikiki

Posted by apanama > 2020-11-02 11:42 | Report Abuse

See you at RM 4.40

Posted by RainT > 2020-11-02 11:52 | Report Abuse

here we go down to below 7.00

Posted by RainT > 2020-11-02 11:52 | Report Abuse

see u at 3.00

Posted by RainT > 2020-11-02 11:52 | Report Abuse

MAYBANK collapse

Msia economy will collapse too

Posted by BigDaddy88 > 2020-11-02 12:02 | Report Abuse

daddy no greedy, only hoping for RM5

Posted by canbuyla > 2020-11-02 12:03 | Report Abuse

rights issue coming ?

Posted by michael_jackson > 2020-11-02 14:36 | Report Abuse

landing point pecah already....how to land safely, if the landasan kapal terbang tenggelam already..

Posted by Alfonso > 2020-11-02 15:29 | Report Abuse

banking kawkaw disappointed this time, what to do, just accept and vote for trump

Posted by kariwong9394 > 2020-11-02 15:43 | Report Abuse

waiting maybank at 4.0...

Posted by skybursa > 2020-11-02 18:37 | Report Abuse

MAYBANK will not collapse but you will

Posted by Shiv76 > 2020-11-02 19:25 | Report Abuse

Maybank wont go down below 6.90. Will rebounce tomorrow.

Posted by Shiv76 > 2020-11-02 19:26 | Report Abuse

Buy and keep it for long term.

Posted by tkl88 > 2020-11-03 06:27 | Report Abuse

The Dow and S&P 500 zoom higher as Wall Street predicts Joe Biden will win
By Anneken Tappe, CNN Business

Updated 1942 GMT (0342 HKT) November 2, 2020
https://edition.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html

New York (CNN Business)The Dow and S&P 500 were up on Monday, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks opened sharply higher before encountering some volatility and paring some gains.
The Dow (INDU) was still up 1.4%, or some 360 points, mid-afternoon. At its high point, the index gained more than 500 points. The broader S&P 500 (SPX) was up 0.9%.
Both benchmarks are retracing some of their losses from last week, when they recorded their worst week since March.
Meanwhile, the Nasdaq Composite (COMP) reversed its earlier gains and fell 0.2% in mid-afternoon trade.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.

A Biden win would also likely mean less news and headline risk for stocks in the term to come, investors believe.
"If the polls are roughly right, Joe Biden is going to win the election comfortably and we will know that before midnight tomorrow," said Andy Laperriere and Don Schneider at Cornerstone Macro.
Even if the polls are wrong, the evidence is still pointing to a Biden victory, they added. Prediction market PredictIt puts a Biden win at 65%.
"We have been emphasizing that the Senate outcome is important for the trajectory of fiscal policy," said Citi economist Andrew Hollenhorst in a note to clients, even though neither party is likely to get a filibuster-proof majority so bipartisan cooperation could still be needed for the next stimulus bill.
"Under any election scenario we expect a $1.5 trillion plus fiscal package, possibly as early as just post-election," Hollenhorst said.
Congress has been stuck on negotiating a second stimulus deal since the summer. Investors have been waiting for results, getting jumpy at any headlines about the progress. What this really tells us is that markets believe the US economy needs more help getting back on track as the effects of the CARES Act are running out.
So far the economy's improvements have been rather uneven. For example, millions of jobs have been added back since the spring lockdown, but the economy is still down more than 10 million jobs from February.
Millions of Americans still need government benefits to make ends meet, and that's bad news because the US economy relies heavily on consumer spending.
Analysts at Goldman Sachs (GS) expect consumer spending to wane in the coming months because of the Covid-19 resurgence is keeping people at home and any new stimulus package will probably take until 2021 to kick in.
And as if this election and its repercussions weren't enough for investors to think about, the week is also filled with important economic reports, including the October jobs report.
On Monday, the Institute for Supply Management reported that America's factories did better than economists had predicted in October. The sector's purchasing managers' index rose to 59.3 points from 55.4 points in September, its highest level since September 2018. Any value over 50 denotes an growth in the sector.

Posted by apanama > 2020-11-03 06:40 | Report Abuse

See you at RM 4.40

Posted by xxxx > 2020-11-03 07:32 | Report Abuse

Don't ever hope!

Posted by masterus > 2020-11-03 07:40 | Report Abuse

KUALA LUMPUR (Nov 2): Malaysia's central bank is seen holding its key rate steady on Tuesday, according to a slim majority in a Reuters poll, amid a fresh surge in coronavirus cases and political uncertainty tied to a challenge to Prime Minister Tan Sri Muhyiddin Yassin's leadership.

Bank Negara Malaysia's (BNM) last monetary policy committee meeting for the year also comes just days before Muhyiddin's administration presents its first budget. Muhyiddin has said the budget will focus on measures to counter the economic impact of the Covid-19 pandemic.

Nine out of 17 economists polled expect Bank Negara Malaysia (BNM) to keep its overnight policy rate at a record low of 1.75%, after having already delivered 125 basis points of rate cuts this year.

Posted by PH_better > 2020-11-03 10:26 | Report Abuse

Loan moratorium no automatic extension reject PN 2021 Budget.

Posted by masterus > 2020-11-03 11:44 | Report Abuse

The Reserve Bank has cut the official cash rate today to an all-time low of 0.10 per cent from 0.25 per cent.
This effectively takes the cash rate to near negative interest rates on Melbourne Cup day.

Posted by aliyusof > 2020-11-03 15:25 | Report Abuse

Apanama...see u at RM2

Posted by masterus > 2020-11-03 15:50 | Report Abuse

KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75% today as the country’s economic activity is projected to improve further and as the central bank expects the nation’s underlying inflation to remain subdued as the world economy contends with the resurgence in Covid-19 cases.

Posted by NoNonsenseHere > 2020-11-03 17:38 | Report Abuse

-
KLCI fell.

Public Bank fell from RM25 to RM14.84.

Maybank with its crook analysts that put out fake news so that they can collect gloves stocks fell from RM10 to RM6.96

Supermax holding it's ground with RM800 mil PAT.

Posted by RedEagle > 2020-11-03 21:14 | Report Abuse

AFTER two consecutive quarters of losses, Malaysia Building Society Bhd (MBSB) anticipates returning to the black in the third quarter of this year.

President and CEO Datuk Seri Ahmad Zaini Othman says MBSB expects to post a profit in the third quarter of the year ending Dec 31, 2020 (3QFY2020), for two main reasons — one, there will not be any modification loss in that quarter and, two, he expects the bank’s net operating income to be sustained as per the level of the second quarter.

“We also expect that gains from the sale of financial instruments will continue to contribute to the group’s total income,” he says in response to questions from The Edge.

The banking group, which is 65.4%-owned by the Employees Provident Fund (EPF), saw net profit rise to a five-year high of RM716.9 million in FY2019 before its fortunes turned this year, mainly because of the Covid-19 pandemic.

In 1QFY2020, the lender posted a net loss of RM73.25 million compared with a net profit of RM83.83 million in the same period a year earlier, due to higher impairment charges on loans, financing and advances. This was despite revenue rising 1.9% year on year to RM741.41 million.

Its net allowance for impairment charges almost doubled to RM291.78 million from RM153.02 million. This stemmed mainly from “property and construction financing, on the corporate side”, according to Ahmad Zaini.

And, in 2QFY2020, it made a net loss of RM121.51 million due to a hefty, one-off modification loss of RM512.61 million that arose because of the blanket loan repayment moratorium granted to customers. This was despite a 17% improvement in revenue to RM886.35 million.

Had it not been for the modification loss, the group would have been in a position of profit. The modification loss was hefty — by far the largest among the listed banking groups — due to its sizeable financing portfolio contracted at fixed-rate financing. In fact, 92% of the loss came from its fixed-rate personal financing business, which is its largest financing segment.

Going forward, Ahmad Zaini does not expect a marked rise in non-performing loans (NPLs) or provisions in 3QFY2020 as customers continued to come under the blanket moratorium until end-September, hence the status of the loans remained as “performing”.

These are not expected to rise significantly in 4QFY2020 either, he says. “We don’t think so, as our personal financing [repayments] are via a salary-deduction scheme. Maybe [some] in home loans, but that would be small.”

As at end-September, the take-up rate among customers for targeted assistance on financing is “not significant”, he says, without providing numbers.

In late August, MBSB had guided analysts that there would potentially be an additional RM30 million to RM50 million modification loss given that the moratorium would be extended beyond September for selected accounts that needed further assistance. Ahmad Zaini now says this will likely come in much lower as applications for such assistance has been lower than expected.

Asked if the worst is behind the group, Ahmad Zaini says it all depends on how long the current third wave of the coronavirus pandemic and the ensuing partial lockdowns last.

“If at all, [the stress] is going to be on the corporate property financing side. We need to see how property sales are, moving forward. If the developers have trouble selling their properties, that could be a problem for us. [The impact of] that will probably be reflected in our second quarter of next year … because banks can still continue to provide R&R (restructuring and rescheduling of loan repayments) to troubled SMEs (small and medium enterprises) and corporates, without having to categorise them as non-performing, until June next year,” he says.

As at end-June, MBSB’s gross impaired loan (GIL) ratio stood at 6.08%, while that of its banking unit MBSB Bank stood at 3.28%. “We expect GIL to improve by year-end, with our collection efforts,” Ahmad Zaini says.

CEO’s last term
According to sources, these are expected to be Ahmad Zaini’s final months as MBSB president and CEO, as he will be leaving once his current two-year contract comes to an end in February next year. He, however, declines to comment when asked about it.

Sources say that MBSB’s long-time chairman, Tan Sri Abdul Halim Ali, 77, will also be leaving upon the end of his term in February next year. Abdul Halim has been chairman since June 2001.

Ahmad Zaini, 63, has been in the lender’s driving seat for over 11 years. He was appointed to the role on Feb 26, 2009.

In early 2018, MBSB created deputy CEO roles for the purpose of succession planning. It appointed Datuk Nor Azam M Taib as deputy CEO of business and Risham Akashah Kamaruzaman as deputy CEO of operations.

It remains to be seen if one of them will eventually take on the CEO role as the EPF, the bank’s controlling shareholder, could also consider an external appointment.

Posted by kfbusjd > 2020-11-03 21:15 | Report Abuse

越跌越好 趁低吸多多 月尾季报出来了有股息=上 没想象中那么差=上 就是真的不美也没多少跌的空间了，稳赚不赔

Posted by tkl88 > 2020-11-04 07:10 | Report Abuse

Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06%) !

World stocks super bull market is coming !

Posted by masterus > 2020-11-04 08:37 | Report Abuse

UAE's vice president receives COVID-19 vaccine

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

Dalio Says Yuan Will Be a Reserve Currency Faster Than Expected
November 2nd, 2020, 6:52 PM GMT+0800

Posted by tkl88 > 2020-11-04 12:30 | Report Abuse

Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !

Posted by Jeffreyteck > 2020-11-04 17:22 | Report Abuse

Muhyiddin hopes all MPs will support Budget 2021... Unfortunately I am not MP. Lol.
Tiger stays strong, not bad.

Posted by signalmw > 2020-11-05 11:05 | Report Abuse

All in

Posted by masterus > 2020-11-05 22:53 | Report Abuse

Trump supporters protest outside Arizona vote center
WORLD
Thursday, 05 Nov 20203:29 PM MYT
By Mimi Dwyer

Posted by masterus > 2020-11-05 22:55 | Report Abuse

WASHINGTON: Kempen Presiden Amerika Syarikat (AS), Donald Trump akan 'segera' memohon supaya undi di Wisconsin dikira semula, kata pengurusnya Bill Stepien dalam satu kenyataan pada Rabu, lapor Agensi Sputnik.

Posted by masterus > 2020-11-05 22:59 | Report Abuse

On what grounds is Trump taking legal action in Wisconsin, Michigan, Georgia and Pennsylvania? Republicans challenge as few as 53 ballots in attempt to contest result
By Jack Elsom For Mailonline
10:08 05 Nov 2020, updated 12:18 05 Nov 2020

Posted by masterus > 2020-11-06 07:22 | Report Abuse

CNA
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Portland police declare 'riot' on night after US vote, arrests made in New York and other cities
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Portland police declare 'riot' on night after US vote, arrests made in New York and other cities

Posted by masterus > 2020-11-06 07:25 | Report Abuse

Protests in Several US Cities as Presidential Vote Remains Undecided
By VOA News
November 5, 2020 01:09 AM

Posted by masterus > 2020-11-06 07:25 | Report Abuse

Photos: Trump And Biden Supporters Protest Across U.S. Cities As Election Hangs In The Balance

Posted by Zuliana > 2020-11-06 07:31 | Report Abuse

Reaching home...
Yahoooo...

Posted by masterus > 2020-11-06 10:07 | Report Abuse

JAKARTA, KOMPAS.com – The Indonesian government expects to roll out its Covid-19 vaccination in December 2020, a little later than previously planned.

“We will start vaccinations during the third week of December,” Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan said, noting that the government is still carrying out the third clinical trials of a Covid-19 vaccine developed by Sinovac and Bio Farma.

Previously, the Indonesian government planned to distribute its Covid-19 vaccine this month.

Posted by samad > 2020-11-06 12:20 | Report Abuse

May bank looking good.
Expect some NPL which is in line with current development
Stay long term.
Expect they r consistent with the dividend policy.

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

Loan moratorium M40 rejected so Budget 2021 must reject? No wonder only 80 MP Initially allowed in.

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

The budget doesn't solve unemployment problems. Most problems never address.

Posted by Calvin882 > 2020-11-07 10:13 | Report Abuse

The budget mostly benefiting B40 group and it just address short term issues.

Posted by flyingtomoon2020 > 2020-11-07 12:58 |

Post removed.Why?

Posted by flyingtomoon2020 > 2020-11-07 12:58 | Report Abuse

Maybank gogogo

Posted by masterus > 2020-11-07 14:22 | Report Abuse

JEREMY CLARKSON US is heading for another civil war but this one will just be pathetic
Jeremy Clarkson
22:28, 6 Nov 2020Updated: 23:02, 6 Nov 2020