Posted by hengsame > 2020-12-01 16:07 | Report Abuse

Dow Future is up 230 points, and oil price may advance to USD50 by tomorrow....

Posted by Ravin Cheema > 2020-12-01 19:52 | Report Abuse

have a question...the dividend is either cash payment or u can opt for DRP right?

Posted by Noni > 2020-12-01 20:14 | Report Abuse

Solid bank

Posted by kfbusjd > 2020-12-02 21:42 | Report Abuse

obviously overvalued now. Auto loan memo for b40 until next year, and opr still stay at 1.5, how Maybank gonna earn a lot? Anyhow if you can hold for 3-5 years, then this stock is still a good choice.But now many other stocks can do much more better than this one, not interested in this bank until OPR back to 2 above.

Posted by newbie2019 > 2020-12-02 22:59 | Report Abuse

DRP or cash...not info?

Posted by cklimm > 2020-12-03 10:51 | Report Abuse

Not sure whats with all the hoohaa about NPL here, even AeonCR with far worse loan quality is still making profit, what are you guys worried about Maybank?

Posted by Zuliana > 2020-12-03 12:47 | Report Abuse

Harimau super kuat.
I’m loving this

Posted by kfbusjd > 2020-12-03 22:10 | Report Abuse

sad. Now so many small funds come into market and then goreng everything. Glove they goreng, bank goreng, new listing stock goreng and peny stock goreng. Most of the stock become overvalued. Marketplace become more and more risky. Only with vacine hopes the price already back to pre covid level. In 2019, the profit is so beautiful and the price is rm8.30-8.50. Now OPR 1.5 and covid 19 risk is still there but the price already go back to pre covid level.

Posted by fishchu > 2020-12-03 22:18 | Report Abuse

While asset quality has been a concern to the banks given the strong economic headwinds, nonetheless half of the banks have achieved better sequential performance. Some see this as a saving grace that the country’s banking system is resilient, a critical factor that is needed for the domestic economy to bounce back.
Malayan Banking Bhd (Maybank) was the only lender that saw its net profit double or up 107.32% q-o-q in net profit for 3Q20. The banking group also declared an interim dividend of 13.5 sen per share during the quarter.
Other than Maybank, BIMB was the only other bank that declared a dividend of 12.6 sen per share in the quarter.
However, on a y-o-y basis, it is down 2.32% — still considered a commendable achievement.
RHB Bank Bhd (+55.3% q-o-q), Public Bank Bhd (+39.03% q-o-q) and Hong Leong Bank Bhd (+28.01% q-o-q) achieved solid double-digit growth for 3Q20 as most of them made large loan loss provisions in the preceding quarter in preparation to withstand the headwinds.
Among others, AMMB Holdings Bhd saw the biggest drop by 35.01% q-o-q in 3Q20, followed by CIMB Group Holdings Bhd (-29.82% q-o-q), Affin Bank Bhd (-27.72% q-o-q), BIMB Holdings Bhd (-11.25% q-o-q) and Alliance Bank Malaysia Bhd (-0.35% q-o-q).

Posted by JackTan1217 > 2020-12-03 23:55 | Report Abuse

Hopefully this year get more dividend

Posted by kfbusjd > 2020-12-04 18:47 | Report Abuse

cmco in nearly whole country. So do you think profit will be good?

Posted by ronniedem > 2020-12-04 22:26 | Report Abuse

anyone know how to participate in Dividend reinvestment plan. To fill in the form and email back? when is the expiry date for them to receive the form

Posted by newbie2019 > 2020-12-04 23:43 | Report Abuse

have to read more info from the DRP, in the past I took the cash

Posted by jeffchan1901 > 2020-12-05 00:38 | Report Abuse

19th Dividend Reinvestment Plan (DRP) in conjunction with Interim Dividend for Financial Year Ended 31 Dec 2020

Interim Dividend for the FYE 31 December 2020

The single-tier interim dividend was declared by the Board of Directors of Maybank on 27 November 2020 together with the announcement of the third quarter financial results for the financial year ended 31 December 2020.




The single-tier interim dividend of 13.5 sen in which the entire amount can be elected to be reinvested into new ordinary shares.

Issue price: RM7.680 per new Maybank Share

Price Fixing Date: 4 December 2020

The issue price of RM7.680 is based on the five-day VWAMP (Volume Weighted Average Market Price) of RM8.1645 per Maybank Share up to and including 3 December 2020, being the last trading day prior to the Price Fixing Date for the issue price of new Maybank Shares after adjusting for the following:

a dividend adjustment of RM0.135 to the five (5)-day VWAMP of Maybank Shares ("Ex-Dividend VWAMP"); and

a discount of RM0.3495 which is approximately 4.35% discount to the Ex-Dividend VWAMP of RM8.0295.




Declaration of the Interim Dividend: Fri, 27 November 2020

Ex-dividend Date: Thu, 17 Dec 2020

Book Closure (Entitlement) Date: Fri, 18 December 2020

DRP documents provided to shareholders: Tue, 22 December 2020

Last date and time for shareholders to submit the Dividend Reinvestment Form: Tue, 5 Jan 2021

Allotment and issuance of new Maybank Shares as well as payment of cash dividend: Fri, 15 January 2021

Listing of New Maybank Shares: Mon, 18 January 2021

https://www.maybank.com/en/investor-relations/dividends/dividend-reinvestment-plan/Current_DRP.page?

https://www.maybank.com/en/investor-relations/dividends/dividend-reinvestment-plan/Current_DRP.page?

Posted by birkincollector > 2020-12-05 10:18 | Report Abuse

fitch downgrade may affect bank stocks...

Posted by Zuliana > 2020-12-05 13:16 | Report Abuse

I’m loving this

Posted by AllYouCanBuy > 2020-12-05 13:18 | Report Abuse

Fitch downgrade affects the confidence of foreign investment in general. Banks with strong fundamentals will not be affected much. Especially banks with low NPLs will be shielded.

Posted by newbie2019 > 2020-12-05 13:51 | Report Abuse

hi Jeff, i read and pls correct me if I am wrong, if I don’t do anything i shall receive the cash dividend right? I only holds 3,500 shares, which only will give me RM472.50, and if i subscribe, i get odd lot of 61.5 or 62 shares (472.5/7680 of the fixed price of DRP?)

Posted by newbie2019 > 2020-12-05 13:54 | Report Abuse

and assuming the price before the ex date is RM8.00, what will the price becomes after ex Date? RM7.78? (304mil/11,241mil shares which is 2.7% lower)?

Posted by jeffchan1901 > 2020-12-05 14:01 | Report Abuse

newbie, from my understanding from other site, calculation as follows.. dividend/share price.x.volumr stocks.. total shares x RMproce at Tm7.63 ...

Posted by jeffchan1901 > 2020-12-05 14:02 | Report Abuse

as this also my first DRP, not sure let's wait till receive form

Posted by DChosen2 > 2020-12-05 18:41 | Report Abuse

PBB n HLB rules .. others gg including this kitty.

Posted by AllYouCanBuy > 2020-12-05 20:07 | Report Abuse

PBB and HLB are the premium banks in Malaysia. Top in risk management. Lowest in NPLs. Maybank is not too far behind, not a big issue LOL

Posted by apprentice > 2020-12-05 20:47 | Report Abuse

Just to clarify since I had participated from the 1st DRP back in 2010. If you wish to receive cash dividend, ignore the form sent to you.

If the price a day prior to X date is 8.00, then the next day shall be 8.00 minus 13.5 sen, 7.86.

Posted by apprentice > 2020-12-05 20:55 | Report Abuse

For those participating do not forget to sign and affix a RM10 stem hasil on the form.

Posted by newbie2019 > 2020-12-06 08:26 | Report Abuse

i know it will be diluted but for 3,500 shares, i think the difference is only RM30 or less... jus don’t want to hold the odd shares
Another perspective is that can try to fill the form (is it digitally sent or hard copy?, can’t remember the last DRP which i was offered too), and enjoy the odd lot and then in the future we will have DRP again and the odd lots get more and more

Posted by apprentice > 2020-12-06 09:58 | Report Abuse

Yes, you shall receive 61 shares if you subscribe to the DRP. If you intend to be a long time investor, then its good to accumulate. If you intend to sell within the next 3 months, then better not as the odd lots will cause you headaches.

By the way final dividend will be about 20 sen paid in Apr or May and another DRP will be forthcoming.

Posted by Zuliana > 2020-12-06 12:44 | Report Abuse

Fitch downgrades Malaysia’s sovereign rating to BBB+, the first downgrade since Asian Financial Crisis
Wong Ee Lin/ theedgemarkets.com

December 04, 2020
KUALA LUMPUR (Dec 4): Fitch Ratings has downgraded Malaysia's long-term foreign-currency issuer default rating (IDR) to 'BBB+' from 'A-', with a stable outlook. The downgrade marks the ratings agency's first for the country since the 1997/98 Asian Financial Crisis.

The depth and duration of the Covid-19 crisis have weakened several of Malaysia's key credit metrics, said Fitch Ratings in a statement today.

The pandemic's impact on the Malaysian economy has been substantial and has added to the country's fiscal burden, which was already high, relative to peers going into the health crisis, Fitch said.

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

Yeh drp at 7.68.....great

Posted by AllYouCanBuy > 2020-12-07 08:38 | Report Abuse

http://www.theedgemarkets.com/article/midf-sets-2021-fbm-klci-target-1700-points#.X815WltlQZ0.whatsapp

Posted by ali baba > 2020-12-08 12:17 | Report Abuse

looking good

Posted by Snowthief > 2020-12-08 20:34 | Report Abuse

Licking good!

Posted by masterus > 2020-12-09 09:14 | Report Abuse

Select Language​▼
MALAYSIACORPORATE
TOP STORIES
Currency
(Updated)
Ringgit to strengthen to 3.80-3.90 against US dollar in 2021 — Rakuten Trade
Tan Siew Mung
/
theedgemarkets.com

December 07, 2020 12:16 pm +08


-A+A
KUALA LUMPUR (Dec 7): Rakuten Trade Research foresees the ringgit (MYR) to strengthen to the range of 3.80 to 3.90 against the US dollar (USD) in 2021 as it expects Chinese yuan (renminbi or RMB) sentiment to improve against the greenback's.

The research house’s head of research Kenny Yee said in a briefing he envisages the new US administration to be less volatile next year, hence expecting regional currencies to strengthen against the US dollar.

“We expect China to lead Asia as the new US administration is seen as a better business partner than Trump’s.

“As the MYR/USD movement is the closest with RMB/USD, we foresee the MYR to strengthen against the USD to possibly the 3.80/90 levels in 2021,” he said.

Posted by dompeilee > 2020-12-09 09:46 | Report Abuse

Dividend! Yes!!! 1.8% on my cost on top of 13% in capital gains...hopefully the price won't drop too much after ex-dividend.

Posted by masterus > 2020-12-09 12:43 | Report Abuse

The FDA says Pfizer’s Covid vaccine is safe and effective. But trial participants warn of intense symptoms after second shot
PUBLISHED TUE, DEC 8 20203:31 PM ESTUPDATED TUE, DEC 8 20208:40 PM EST

https://www.cnbc.com/2020/12/08/pfizer-moderna-covid-vaccine-side-effects-trials.html

Posted by dompeilee > 2020-12-09 15:10 | Report Abuse

Wahhh!!! 8.40 already!!! =) Today I also made 2 delightful discoveries: I forgot about the TM shares that I had bottom-fished for in May 2018 for 4.78 & 3.29 respectively & also about the extra 25 lots of MTDACPI shares I speculatively bought for just under 20c in early 2019.

=)

Posted by dompeilee > 2020-12-09 15:17 | Report Abuse

Sometimes forgetting about a stock & remembering many months later is the most PROFITABLE technique to earn from the schizophrenic market...unlike some people I know who monitor every tick & complain why it didn't move the way the expect...as though they could make the market do what they want!

Posted by Rahmat_Daud086 > 2020-12-09 17:13 | Report Abuse

TopGlov - $6.84 interim dividend@ 16.5 sen vs Maybank - $8.38 interim dividend at 13.5 sen. Who is better ?

Posted by getingreal > 2020-12-09 19:14 | Report Abuse

The one who is still strong a year from now when COVID-19 glove boom is over and all the suppliers including the new suppliers’ factories are all are fighting each other for markets for their gloves when their gloves are no longer required in such numbers. We have seen this before in Malaysia, in the late 80s at the onset of AIDS, gloves were in hot demand, buyers qued up knocking down doors for supply. Then as more and more factories came on line and supply grew to overtake need .... the price of gloves rapidly plummeted from US$100 per 1000 pcs FOB, to US16.00 per 1000 pcs CIF, and still couldn’t sell! Glove factories closed shop all over Malaysia. many millions of gloves wjent to the rubbish dump. Rahmat_Daud086 if you were not around then, then ask your Dad.

Posted by newbie2019 > 2020-12-09 20:43 | Report Abuse

wow, that happened on 80s? geeze

Posted by burking > 2020-12-09 23:23 | Report Abuse

Hi there, anyone know how to calculate the dividend yield?

Posted by dompeilee > 2020-12-10 08:07 | Report Abuse

The gloves demand is already on the decline but the dumb holders of glove stocks don't even know it yet!

Posted by dompeilee > 2020-12-10 09:51 | Report Abuse

Wahhhh!!! 8.49 !!! =)

Posted by Kyypundek > 2020-12-10 19:14 | Report Abuse

Pundek la 839

Posted by dompeilee > 2020-12-10 19:22 | Report Abuse

Ambank raise TP to 950 hah!

Posted by tkl88 > 2020-12-11 00:35 | Report Abuse

Wao, oil price spike up like mad !
As at 11.57pm,
Brent at=> $50.87 ‪(+2.01) (+4.11 %)‬
Nymex at=> $47.56 ‪(+2.04) (+4.48 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by newbie2019 > 2020-12-11 10:13 | Report Abuse

harimau strong

Posted by aliyusof > 2020-12-11 10:51 | Report Abuse

Look at PBB and HL Bank price ..harimau is moving up daily too

Posted by newbie2019 > 2020-12-11 10:54 | Report Abuse

next Harimau crossing 9 to 9.5 soon liao

Posted by Stockhunter88 > 2020-12-11 11:59 | Report Abuse

Harimau need to up fast or else pbb will over take.. Susah la being jaguh bank, after TG chase now kena PBB