Posted by tollebunsmith > 2021-09-14 16:53 | Report Abuse

sifu stkoay: MBB unshaken.. rock solid. U made the right call and decision! I was wrong about PBB.... MBB is numbawan!

Posted by stkoay > 2021-09-14 17:01 | Report Abuse

When the goverment is weak, bow to the demand from the other side and made VERY IRRESPONSIBLE decision....luckily not too many retail players own MBB, I guess.

Posted by stkoay > 2021-09-14 17:02 | Report Abuse

sifu tolle...only can tell after a few days....haha :)

Posted by stkoay > 2021-09-14 17:07 | Report Abuse

Buying has been quite good lately, and from report, selling was mainly from EPF, PNB and ASB....if not, price would have been much higher.

I guess they are converting some of their DRP into cash to pay dividend to unit holders....when they are done with, price should be much higher.

Posted by tollebunsmith > 2021-09-14 17:55 | Report Abuse

stkoay: something very wrong with PBB & MBB price drop. I think it was done by purpose.

My reasoning: according to The edge

At the time of writing, AMMB Holdings Bhd was leading the decline, shedding 4.31% to RM3.11. This was followed by RHB Bank Bhd (down 3.29% to RM5.29), Hong Leong Bank Bhd (declining 2.23% to RM18.36) and CIMB Group Holdings Bhd (down 1.86% to RM4.75).
Meanwhile, Public Bank Bhd shed 1.48% to RM4, and Alliance Bank Malaysia Bhd slid 0.78% to RM2.54.

Public Bank had a below industry average of repayment assistance loans between 21% and 23%. compared to ind average at 32% to 34%, said UOB Research.

As for Maybank and RHB, the percentage of repayment assistance loans in their portfolio was around the industry average of 27% and 28%.



So why did PBB drop more than average? Funds pakat-pakat? push down to collect?

source:https://www.theedgemarkets.com/article/banking-stocks-red-mof-instructs-banks-work-interest-rate-exemption-loan-moratorium

Posted by Juliana > 2021-09-14 17:56 | Report Abuse

My Harimau.... Kuattt

Posted by stkoay > 2021-09-14 18:06 | Report Abuse

@tolle....PBB got more retail shareholders....while MBB shares are mostly in the hands of PNB, ASB, EPF and old uncles and aunties....thus less knee jerk reaction....haha :p

Posted by stkoay > 2021-09-14 18:14 | Report Abuse

tolle: I read comment from EPF....they say they are realigning their portfolio to maximize returns for their members...

....and from their report to Bursa....EPF have net sold PBB of 318M shares from November 2020 to September 2021.

Posted by Juliana > 2021-09-14 18:14 | Report Abuse

Wahhhh this is from the little Harimau above...


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)

Posted by Juliana > 2021-09-14 18:18 | Report Abuse

tollebunsmith, ( If anyone wants Part 2)... can I get your part 2 story? Thanks a lot.

Posted by tollebunsmith > 2021-09-15 00:16 | Report Abuse

Juliana u are a unny gal/guy/both ( potong yang mana tidak berkaitan)

Posted by tollebunsmith > 2021-09-15 00:20 | Report Abuse

If u can see order (real meaning) from the writing chaos,consider urself smart.

Posted by Juliana > 2021-09-15 06:09 | Report Abuse

Dow Jones 34,577.566 -292.06 0.84%
Nasdaq 15,037.76 -67.823 0.45%

Posted by stkoay > 2021-09-15 11:52 | Report Abuse

https://klse.i3investor.com/servlets/ptres/60808.jsp

Negative development but not likely to have significant impact to banks. Based on our calculations, the interest foregone for 3 months is <2% of earnings. Even if we assume a higher loan moratorium take-up rate by the B50 segment, maximum impact is <7%. From our analysis, Affin and BIMB would lose most while Maybank and CIMB are the least affected.

Posted by Jaya26 > 2021-09-15 13:04 | Report Abuse

Just buy and keep people
U will be rewarded long term

Posted by Jaya26 > 2021-09-15 13:05 | Report Abuse

Wait till next qtr another 2b profit

Posted by linges > 2021-09-15 15:51 | Report Abuse

Well done to who switches fr TNB to MBB..tnb dropped to 10 today..

Posted by jeffchan1901 > 2021-09-15 15:59 | Report Abuse

thank you stkoay for your explanation

Posted by jeffchan1901 > 2021-09-15 16:01 | Report Abuse

linges, unfortunately I still got quite a bit of Tenaga at hand

Posted by jeffchan1901 > 2021-09-15 16:55 | Report Abuse

I think QWD this friday has something to do with the huge price pull happening today to Tenaga since tomorrow is PH. possibility is Friday could have huge jump in price back and that today is the QWD - brought forward. any thoughts on this?

Posted by Juliana > 2021-09-15 19:18 | Report Abuse

Hari hari mahu
Hari-mau

Posted by linges > 2021-09-15 22:48 | Report Abuse

@jeffchan1901..could be also..usually 10 will trigger technical rebound for tnb..let see on friday..

Posted by moneySIFU > 2021-09-16 01:45 | Report Abuse

Safe heaven

Posted by Juliana > 2021-09-16 08:26 | Report Abuse

Very safe

Posted by stkoay > 2021-09-16 12:58 | Report Abuse

https://www.nst.com.my/business/2021/09/727736/banks-wont-be-seriously-impacted

Based on our calculations, the interest foregone for three months is less than 2.0 per cent of earnings. Even if we assume a higher loan moratorium take-up rate by the B50 segment, the maximum impact is more than 7.0 per cent," said Hong Leong Investment Bank Bhd (HLIB) analyst Chan Jit Hoong.

Chan said the damage would still lesser compare to the first automatic loan moratorium last year, while banks' financial year 2021 (FY21) profit base could be larger mainly due to lower provisioning levels.

CGS-CIMB Research analyst Winson Ng estimated the impact from the interest exemption would be about RM1.42 billion, which could be regarded as a one-off item.

"This would lower banks' net profits by 5.0 per cent. However, the impact would be smallest for Malayan Banking Bhd (Maybank) at 3.9 per cent as only 61 per cent of its loans are in Malaysia."

Posted by stkoay > 2021-09-16 13:00 | Report Abuse

The impact would be smallest for Malayan Banking Bhd (Maybank) at 3.9 per cent as only 61 per cent of its loans are in Malaysia."

Posted by linges > 2021-09-17 02:24 | Report Abuse

@stkoay…3.9sen per quarter or annual boss?

Posted by linges > 2021-09-17 02:25 | Report Abuse

@stkoay…3.9sen per quarter or annual boss?

Posted by linges > 2021-09-17 04:58 | Report Abuse

@stkoay…3.9sen per quarter or annual boss?

Posted by Juliana > 2021-09-17 08:24 | Report Abuse

I just made up a version. Two rats in a bar. Bartender says, hey shouldn't you two be at work. Rats say, Pfizer just outsourced our jobs to a bunch of humans in Israel.

Posted by stkoay > 2021-09-17 11:41 | Report Abuse

linges : analyst predicted the waiver of interest for loan moratorium will affect about 3.9% of Maybank profit for 4Q versus industry average of 5% impact.

Posted by stockraider > 2021-09-17 12:17 | Report Abuse

Fear of interest rebates loh!

Posted by linges > 2021-09-17 12:34 | Report Abuse

stkoay: thank you..3.9% seems very acceptable downside risk, especially for HODLers :) we are with harimau..

Posted by JJFinn > 2021-09-17 13:55 | Report Abuse

Yes,

Posted by stkoay > 2021-09-17 14:28 | Report Abuse

https://klse.i3investor.com/blogs/hleresearch/2021-09-17-story-h1571586464-Traders_Brief_Consolidation_to_Continue.jsp

As China continues its “Common Prosperity” crackdowns, more outflows from the China/HK markets are likely to prevail in the near term and Bursa Malaysia is likely to remain as one of the beneficiaries due to its laggard status. With domestic institutional funds remain net sellers (-RM2.76bn since end July), further external inflows may stimulate the local institutional funds to play catch up. For investors that missed out on the “mini Aug rally” (+7.1% MoM), we reckon the current market weakness could be the next boat to catch on the broader re-opening theme play. Our top picks have a recovery tilt –Maybank.

Posted by OnTime > 2021-09-17 14:30 | Report Abuse

buy

Posted by linges > 2021-09-17 15:41 | Report Abuse

top up more today @8.27

Posted by linges > 2021-09-17 15:47 | Report Abuse

Another batch reserve for pre-closing bet

Posted by jeffchan1901 > 2021-09-17 16:14 | Report Abuse

luckily i sold my Tenaga the other day. I just sold another batch and bought lower. now my Tenaga below 10.00 and spare cash standing by for either Maybank or Tenaga post dividend. QWD really wrecking havoc on Tenaga

Posted by linges > 2021-09-17 16:20 | Report Abuse

Nice

Posted by linges > 2021-09-17 16:22 | Report Abuse

tnb usually declare sp div in Mac…slow2 can accumulate at dips for that..

Posted by linges > 2021-09-17 16:23 | Report Abuse

Now harimau time for drp..

Posted by tollebunsmith > 2021-09-17 16:24 | Report Abuse

just want to inform TNB*c at 9.90 inc div

Posted by linges > 2021-09-17 16:32 | Report Abuse

@tollebunsmith…yeah..its a big dilemma now for tnb

Posted by jeffchan1901 > 2021-09-17 16:39 | Report Abuse

@tollebunsmith can share what this means? not sure on the warrant thingy. means final drop could be 9.68? thanks

Posted by stkoay > 2021-09-17 16:56 | Report Abuse

Foreign Fund traders put the PNB Mara boys in their pockets....these boys need to go back and suck more susu......

Posted by stkoay > 2021-09-17 16:57 | Report Abuse

The EPF boys who are trading PBB did a much better job today

Posted by linges > 2021-09-17 17:00 | Report Abuse

PBB and CIMB stays very strong..happy to see
PBB stay above 4 post div..

Posted by jeffchan1901 > 2021-09-17 17:02 | Report Abuse

yeh was surprised at PBB closing.

Posted by genwong1 > 2021-09-17 17:03 | Report Abuse

still strong