Posted by okooi32 > 2021-08-06 21:05 | Report Abuse

Keep more when moving down

Posted by stkoay > 2021-08-06 23:47 | Report Abuse

US banks are sharply higher tonight.

Posted by stkoay > 2021-08-09 16:16 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/08/09/maybank-ib-wins-euromoney-awards039-best-investment-bank-for-sixth-time

Posted by okooi32 > 2021-08-10 12:52 | Report Abuse

Win awards tomorrow 7.50
Ohhhhhh yes

Posted by staypositive > 2021-08-10 16:33 | Report Abuse

So many awards wohoo which other banks can beat Maybank in Malaysia ah

Posted by Bgt 9963 > 2021-08-11 08:54 |

Post removed.Why?

Posted by tollebunsmith > 2021-08-11 09:37 | Report Abuse

11 tradings days before qr release

Posted by tollebunsmith > 2021-08-11 09:38 | Report Abuse

cimb winner today

Posted by tollebunsmith > 2021-08-11 10:17 | Report Abuse

low price is GOOD, why? to weed out the exiting foreign funds. Why let them cabut with more money? This is also a form of forced selling, good to pick up some at lower price. Another example is PBB..good to be below 4

Posted by JJFinn > 2021-08-11 10:49 | Report Abuse

good morning everyone

Posted by shybutter > 2021-08-11 10:51 | Report Abuse

Morning.

Another green counter of mine.

Hopefully today is a good day for me, and Malaysia too. Hee

Posted by tollebunsmith > 2021-08-11 16:23 | Report Abuse

Double whammy for foreign fund quitting Malaysia, cos of the steep price drop of MBB & PBB, and second, exchange rate is 4.12 as compared to their entry during 4.02...

Posted by Cslee1215 > 2021-08-11 19:46 | Report Abuse

Haizzzz....

Posted by Bgt 9963 > 2021-08-12 08:06 |

Post removed.Why?

Posted by whytwocare > 2021-08-12 09:51 |

Post removed.Why?

Posted by Junichiro > 2021-08-12 10:13 | Report Abuse

Posted by whytwocare > Aug 12, 2021 9:51 AM | Report Abuse

check out the latest analysis for Maybank here: https://www.youtube.com/watch?v=y9LClhHnuXk

If you use Tradingview , after adjustment for dividend etc.. the chart does not look the same as that in Investing.com.

Posted by tollebunsmith > 2021-08-12 11:05 | Report Abuse

7.99 nice

Posted by tollebunsmith > 2021-08-12 11:07 | Report Abuse

can start q at 7.8.. dont regret if u dont get if u dont park early..

Posted by tollebunsmith > 2021-08-12 11:07 | Report Abuse

drip will be even better at 7.20... good .. like that

Posted by tollebunsmith > 2021-08-12 11:08 | Report Abuse

unless u are not an investor, when u try to buy low sell high just like property flippers.. then u will lose

Posted by tollebunsmith > 2021-08-12 11:09 | Report Abuse

else the lower the better, just add more

Posted by tollebunsmith > 2021-08-12 11:13 | Report Abuse

after the foreigh fund managers wake up, i expect a bigger drop cos of the new bank negara ruling effective aug 2022....

LOL...
Ahmad Naqib Idris

theedgemarkets.com

August 11, 2021 18:55 pm +08
BNM: Standardised Base Rate to be used as reference rate for retail floating-rate loans from August 2022
-A+A

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) today released the revised Reference Rate Framework that will take effect from Aug 1, 2022, under which the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans.

The framework, introduced in 2015, establishes the BR as the reference rate for retail floating-rate loans in Malaysia. Reference rates are publicly accessible interest rates that are used by financial institutions as a basis for pricing loans, according to BNM in a statement today.

Posted by tollebunsmith > 2021-08-12 11:13 | Report Abuse

thse morning sellers are the local smalerl fund managers

Posted by tollebunsmith > 2021-08-12 11:16 | Report Abuse

I think the funds knew this or expected this , so the sell down on PBB & MBB from 4.20/8.50... so hold or top up or sell, i think i will top up at 7.80 and next at 7.50 and later if it reaches 7.20.. another tranch and at 6.99, all in!!! lets hope fopr 6.99 as soon as possible and PBB at RM3.00 for ALL IN!!

Posted by tollebunsmith > 2021-08-12 11:17 | Report Abuse

Hoi!! Mara!! juah laa for epf.. tunggu what?

Posted by tollebunsmith > 2021-08-12 11:20 | Report Abuse

fight for power and position.. kipidap

Posted by y794519 > 2021-08-12 14:39 | Report Abuse

When the dividend will announced?

Posted by tollebunsmith > 2021-08-12 15:14 | Report Abuse

26 Aug 2021 : expected qr date, as with PBB and 100% optiable DRIP for dividend of 0.22 sen

Posted by tollebunsmith > 2021-08-12 15:16 | Report Abuse

epf and big boys are keeping the price low ( just as last drip was set at 7.55 ) when the kept the price of MBB at 8.00

Posted by tollebunsmith > 2021-08-12 15:56 | Report Abuse

kovid 21k

Posted by tollebunsmith > 2021-08-12 15:57 | Report Abuse

Expect redder tomorrow

Posted by Bgt 9963 > 2021-08-12 16:48 |

Post removed.Why?

Posted by tollebunsmith > 2021-08-13 12:53 | Report Abuse

BNM has revised its full-year GDP between 3% and 4%, from 6% to 7.5% for 2021?

lol.. bye bye MBB PBB and the rest

Posted by shybutter > 2021-08-13 13:03 | Report Abuse

These banks surely will find way to make money.

Believe me.

Posted by tollebunsmith > Aug 13, 2021 12:53 PM | Report Abuse

BNM has revised its full-year GDP between 3% and 4%, from 6% to 7.5% for 2021?

lol.. bye bye MBB PBB and the rest

Posted by Bgt 9963 > 2021-08-13 13:56 |

Post removed.Why?

Posted by tollebunsmith > 2021-08-13 15:03 | Report Abuse

shybutter : hope u are right

Posted by stkoay > 2021-08-13 15:52 | Report Abuse

Why EPF got so little to sell today?

Volume traded only 1 M shares and price is up :)

Waiting for some at 7.99 :)

Posted by stkoay > 2021-08-13 15:54 | Report Abuse

tolle's PBB last 2 digits now trailing 8 to 10 sen...haha :)

Posted by tollebunsmith > 2021-08-13 16:20 | Report Abuse

stkoay : lol , last 2 digits off cos the mara grads forgot the rule... xxx mudah lupa, as they say!

Posted by tollebunsmith > 2021-08-13 16:22 | Report Abuse

remermber this rule: Cant buy forever, nor sell forever

Posted by staypositive > 2021-08-13 16:33 | Report Abuse

Waiting qr for dividend ohhh.. ada brapa hmm

Posted by stkoay > 2021-08-13 16:52 | Report Abuse

Haha....tolle's PBB last 2 digits trail 11 sen :)

Posted by tollebunsmith > 2021-08-13 16:59 | Report Abuse

Waiving interest on RM1.4 trillion loans will have significant long-term consequences: BNM
Said income accounts for 80% of banks’ revenues, says governor Datuk Nor Shamsiah Mohd Yunus

Updated 1 hour ago · Published on 13 Aug 2021 4:30PM

Posted by tollebunsmith > 2021-08-13 17:00 | Report Abuse

Just as i predicted: they cant touch banks cos orang kita wants dividend or Tabung Haji , EPF etc.

Posted by tollebunsmith > 2021-08-13 17:01 | Report Abuse

the five points as explained by BNM Samsiah

KUALA LUMPUR – Waiving the accrued interest payment on all individual and business loans will have significant long-term consequences for banks, especially when the interest income accounts for 80% of banks’ revenues, Bank Negara Malaysia said.

Governor Datuk Nor Shamsiah Mohd Yunus said the total loans for individual and small and medium enterprises (SMEs) eligible for the automatic opt-in moratorium amount to about RM1.4 trillion – or 73% of the total bank system's loans.

She said there are serious implications if the banks are to waive accrued interests, given their critical role in the economy.

“First, banks will pull back on lending to conserve their buffers, especially with higher credit losses still expected to emerge.

“Secondly, banks’ owned credit ratings may be downgraded to reflect weaker future earnings capacity, and this will make it more expensive for banks to raise capital funding and the higher costs will be passed on to borrowers,” she told a press conference on the “Economic and Financial Developments in Malaysia in Q2 2021” report released today.

Thirdly, she said confidence in banks will be affected, which could trigger liquidity stress, and depositors may have concern for the safety of their deposits. This will also jeopardise depositors’ interests when bank earnings are adversely affected.

Fourthly, banks will not be able to pay dividends to their retail investors and institutional funds that hold public savings, such as the Employees Provident Fund, Retirement Fund (Incorporated), Permodalan Nasional Bhd, Armed Forces Fund Board, and Tabung Haji.

“This will result in lower returns to depositors and retirement savings. So when you take all these together, this would significantly hurt economic recovery and have longer-term implications for the economy and financial system.

“It is very critical that banks remain sound as this is what will enable them to provide the extensive repayment assistance that borrowers need at this time. To our knowledge, the repayment assistance offered by Malaysian banks has been the most extensive compared with any country in terms of scale and scope,” she said.

It is also to be noted that there are about 18.4 million individual depositors in the country, of which 15% are above the retirement age of 60, and many depend on the interest to partly sustain themselves.

The governor said the central bank is doing its part in getting through these difficult times.

Nor Shamsiah said monetary policy will remain accommodative given ascendancies, the future monetary policy stances will remain guided by new information, and the bank will take into account the overall outlook of inflations and domestic growth and implement appropriate policies.

On repayment assistance, she assured that the banks will continue to assist those who need it, and borrowers just need to choose the help they need.

Among the avenues available for them to manage their debt obligations is the Credit Counselling and Debt Management Agency, which can help borrowers, especially those with multiple bank loans, to further extend their loan moratoriums.

SMEs can obtain concessionary loans to enable them to pivot or enhance their business operations and improve their prospects.

At the beginning of the Covid-19 pandemic last year, a six-month blanket moratorium between April and September was announced benefitting both individuals and businesses affected by the pandemic.

Today, the central bank announced that the Malaysian economy grew by 16.1% in Q2 2021 year-on-year compared with -0.5% in the first quarter of the year, supported mainly by the improvement in domestic demand and continued robust exports performance.

This was against the -17.1% GDP growth recorded in the same period a year ago as it took the brunt of the lockdown measure as Covid-19 hit the country.

The central bank said the strong growth reflected the low base from the significant decline in activity during the second quarter of 2020. – Bernama, August 13, 2021

Posted by tollebunsmith > 2021-08-13 17:03 | Report Abuse

#BankerJagaBanker

Posted by kennethlkf > 2021-08-13 21:57 | Report Abuse

The only basic thing in my mind, don't know whether am I correct.

Individual or company loan from bank, where the money from? Part of it are saving or FD money that ppl save in bank. Bank collect loan interest from customer, then pay interest for FD and saving. If waive interest, then have to waive the customer saving also? If not, who want to putih putih give the saving interest to ppl? I think the bank shareholder won't agree to bare this big amount. So if waive the FD interest, what will happen? I think all the depositor will cash out the money to put in other investment like bond, fund, or even lousy asnb. All ppl go cash out, where the money from if the bank already loan out part of it before? So personally I think that is not a good move to waive all the interest. It will make more messy for the country.

Posted by Bgt 9963 > 2021-08-14 08:47 |

Post removed.Why?

Posted by MrWinMoney > 2021-08-14 09:05 | Report Abuse

dividend expected for this quarter? If yes, any idea what price range will it be?

Posted by tollebunsmith > 2021-08-14 09:32 | Report Abuse

kennethlkf : sit down and think one minute only. Answer all questions honestly.

A very simple story.

If u buy a house for 200k , u do not pay cash.
If u sell a house for 200k, u dont get cash,
If they pay you cash, u also dowan cash.
So where is all the money?
If u buy,, the bank just ask u to sign some a4 papers , which u can buy 400 pieces for RM10.
The same bank give the seller a small, printed form ( b4 size) to transfer the cheque into ur account, for simplicity assume it is the same bank ( in which case u dont even receive a cheque ), You dont touch any cash.

And the buyer pays about 4% per annum, and u the seller will receive about 1% for keeping just a digital record for the buyer and seller.

So if law says buyer dont have to pay interest, banks turn to the seller and say, sorry seller we cannot pay u intrest, so take ur money back. And if u insist to keep all the cash in another bank, the bankers are all angry, and they dowan to take ur money. They say if u want the bank to keep your cash, u pay me 3% intrest per annum for me to jaga your money. You get angry too, so u say it is unfair. Banker say ok, it is unfair? Ok.. banker from tomorrow say he will sleep and work in your house but he wont pay any money as it is unfair.

So u decide to take cash back to your house and keep the cash. So u worry about Nazeeb songlap ur money, so u hire security, which dont come cheap as they must be checked for corruption and work record and that is expensive, Only Nazeeb wants to work free for you. So u decide better hire good people and u need to spend 100k per year to safeguard your 200k.

Then u get a brilliant idea. You ask a few sellers. u help them to safe guard their cash and u want to charge 10k per month for the service,. THe sellers argue it is not fair to them u charge them a fee ( in other words intrest).

So , how now?

Pay or dont pay.

If sellers pay, then BNM Zeti comes to you house and say, u kena fine RM10 million for doing illegal deposit. You argue, u dint know, so want to make it legitimate. So Zeti , is ur friend decides to tolong you. She gives u a lesen and say the annual fee for the banking lesen is 100 mil a year renewable every year, just as PBB , AMBANK, Allianz, CIMB are allcharged as much.

You so happy, u nearly trip and fall from ur balcony. Lucky ur wife save you.
Then u sit down and cry, cos if u get the lesen also no use cos nobody want to pay any intrest.

Now nobody can buy any house unless they pay cash , as banks say they dowan ur intrest ( both buyers and sellers) cos banks all in into crypto and suddenly MBB Zam and PBB Teh both share same table as Warren Buffet as the two bankers are declared richest bankers in the world .


If u so keras dowan pay any intrest, bankers also dowan ur lousy intrest and dont want to do hire purchase/mortgage.

At first Finacial companies very very happy, until they learn they cannot charge intrest. So financial all in into ETH and DOGEn. They also dowan to see your face and the next month they sell ETH and drive felali. Even if u beg them to keep ur money, they want u to buy Safe deopsit box , and for that u have to pay 3% value as service fee . So you happy, banks happy, Mahia happy and every body happy cos no pay intrest.

So, u get my point? or dont you? ( Answer: yes!! yes.. i see I will be paying 3% instead of getting paid to keep my money in the bank as the bankers pusing and collect service fee more than paying intrest)

So, if this happens , Zafrul will be celebrated as the BEST guy in the whole world for abolishing intrest rate in Malaysia , and even Biden invites him to the white house to honour him. Warren Buffet begss to makan lunch with Zafrul and Warren also sponsers #bankerjagaBanker hashtag although Warren dont faham bahasa.

so, #abolishintrest gains traction
and Nazeeb warns of #becarefulwhatyouwishfor

And so ends the story, they lived happily ever after.
( If anyone wants Part 2) pls request thru ur RM- relationship managers)