Posted by stkoay > 2021-10-10 20:31 | Report Abuse

Tomorrow...MBB will open at the level it traded for the whole afternoon on Friday, before being pushed down during the close.....THAT IS 8.07.

...after that, up or down is anybody's guess...

...like my sifu tolle said....if you can correctly predict the market...Warren will pay you USD 1M to have a dinner with you

...haha :p

Posted by wallstreetrookie > 2021-10-10 21:32 | Report Abuse

Maybank Berhad downgrade to Underweight

A possible interest rate hike in Q1-Q2 2022 may translate into lower expected demand for lending. Therefore, less lending may cause less customers which in turn could exert pressure on bank earnings in the upcoming quarters. Banks earn profit with depository money and from lending activities and even though the margins will remain the same, the demand will certainly plummet with rate hikes in the horizon. Therefore, we are very bearish on financial sector except consumer lending companies.

Long term price target: RM7.65

Posted by wallstreetrookie > 2021-10-10 21:36 | Report Abuse

However, we remain bullish on financial sector in Malaysia despite the bearish calls on Public Bank and Maybank. These two companies will continue to dominate the local financial sector in both trading/investment and loan/deposit operations. Please do not confuse the bearish call with a proper short report. We only expect a minor correction for BM Financial Services Index.

Posted by stkoay > 2021-10-10 22:00 | Report Abuse

https://klse.i3investor.com/servlets/ptres/60949.jsp

Meanwhile, the US Treasury yields have recently continued to rise with 9 members of the FOMC in favour of an earlier rate hike in 2022 in the recent Fed meeting as compared to 7 previously. The pressure for rate hikes is expected to also spill over to the emerging markets including Malaysia. Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.

Any increase in interest rates is positive on banks’ interest income and margins.



Retain our OVERWEIGHT stance on the sector with our top BUYs on RHB Bank (fair value RM6.80/share), Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share). We favour banks with expected improvement in regional performance from the gradual economic recovery and banks with undemanding valuations.


Source: AmInvest Research - 4 Oct 2021

Posted by jeffchan1901 > 2021-10-11 09:30 | Report Abuse

@stkoay Yes I believe they are rebalancing their portfolio too. As rightly pointed out by you, value wise MBB is the clear winner in the longer term while Tenaga with the current LHDN, Coal Price and ESG hanging over their heads seem to make it relatively unattractive compared to MBB.

Posted by stkoay > 2021-10-11 12:14 | Report Abuse

https://www.theedgemarkets.com/article/temporary-assistance-programme-be-developed-ease-credit-burden-individuals-smes-struggling

"I would also like to clarify that in implementing the current moratorium, all banking institutions have taken various measures that help to further reduce the cost of credit, especially for the most affected borrowers, and go beyond the obligations set out in the original credit agreement," he said.

First, he said, all banks had agreed not to charge compound interest on interest or penalty interest on all product loans during the moratorium. While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

"Second, credit card holders can request to convert the balance of their credit card loan to a term loan at lower financing rates.

"Thirdly, borrowers who apply for assistance through AKPK and are among the most affected, such as borrowers who have lost their source of income or households facing the situation of the death of a breadwinner, can receive a reduction in interest costs from banks as one of the loan restructuring assistance packages," Tengku Zafrul added.

Posted by stkoay > 2021-10-11 12:15 | Report Abuse

While there will be no compound interest, the minister said regular interest (or accrued interest) will continue to be considered on the accrued loan balance.

This is because banks must continue to meet their obligations to pay interest to depositors, cover other funding costs, and allow banks to continue to offer credit to stimulate the economy, according to the minister.

Posted by AllYouCanBuy > 2021-10-11 12:17 | Report Abuse

Why did @wallstreetrookie only downgraded pbb and mbb? He left comments in pbb and mbb forums only but not other bank forums.

Posted by stkoay > 2021-10-11 12:32 | Report Abuse

What is he/she compared to Investment Bank Analyst?

Wakaka........

Posted by stkoay > 2021-10-11 12:35 | Report Abuse

Investment Bank Target Price / Fair Value

Public Bank : 9.30

Kenanga : 10.65

HLB : 9.40

Aminvestment : 9.90

Posted by stkoay > 2021-10-11 14:19 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/10/11/kin-of-borrowers-who-die-can-ask-for-lower-interest-charges-dewan-told/

“The banks have agreed not to charge compound interest or penalise borrowers in any form. Banks need the accrued interest on accumulated loan balances as they need to pay interest to their depositors, and bear financing costs,” said Yamani.

Yamani added that banks were discussing the request for a three-month interest moratorium extension for B40 borrowers, who were mentioned in the Memorandum of Understanding (MoU) on transformation and political stability signed by the prime minister and Pakatan Harapan leaders.

“This has to be studied as it will affect their financial status as well as their shareholders’ interests. A workable solution will be announced and implemented.”

Posted by jeffchan1901 > 2021-10-11 15:09 | Report Abuse

ya, @wallstreetrookie unsolicited comments are a joke really. commenting without basis and against general consensus would be unwise. today's PBB and MBB price says otherwise.

Posted by Traderjoes > 2021-10-11 16:03 | Report Abuse

any idea what led to this counter increasing this much, this quickly? usually everyday will up one or two sen only

Posted by stkoay > 2021-10-11 16:56 | Report Abuse

Wow....today, CIMB got 1st Prize

....RHB got 2nd prize

....MBB got 3rd Prize

...not bad :)

Posted by intrigue83 > 2021-10-11 16:57 | Report Abuse

^^ yeah i am curious also. Maybe wanted more people to take up drp?

Posted by stkoay > 2021-10-11 17:07 | Report Abuse

What so surprising ??

Look at CIMB...another FF favorite.

MBB is just warming up for the next wave...

....hopefully a powerful one for the year end rally.

....don't miss the boat ya :)

Posted by 1invest1 > 2021-10-11 21:47 | Report Abuse

Agree with stkoay
Agree with AllYouCanBuy,
Agree with jeffchan1901

1. More loans with higher interest rates prior to C19
than now even with much lower interest rates.
2. Higher margins at higher interest rates
previously.
3. PBB & MBB will suffer.
(His statement highlighted only MBB & PBB.
All banks will suffer, not only these 2).

These 3 facts disprove his statements.

Going forward,
with ff returning & economy reopening & returning
to normal open business environment,
there will be GREATER business growth for banks.
More Potential Growth for banks' share price.

Posted by stkoay > 2021-10-11 21:56 | Report Abuse

https://www.theedgemarkets.com/article/cimb-closes-rm5-first-time-february-2020

Banking stocks, regarded as a proxy to the economy, have attracted renewed buying on the back of an anticipated economic recovery, after more economic sectors were allowed to operate and the resumption of interstate travel in the country.

The Bursa Malaysia Financial Service index closed 140.90 points or 0.93% higher at 15,353.46.

CIMB’s larger rival Malayan Banking Bhd closed up 11 sen or 1.37% at RM8.16.

Posted by masterus > 2021-10-12 05:45 | Report Abuse

Dow jones index dropped 250 points
Nasdaq index dropped 93 points

Posted by tollebunsmith > 2021-10-12 11:59 | Report Abuse

bullmarket1628 quoted as below.

I take back my words.. my apologies. Today hit 8.29...no screw loose nor smoking

"bullmarket1628 Tommorrow Maybank probably will be opened at=>
8.25 (+0.20) (+2.5%)
and closed at=> 8.35 (+0.30) (+3.7%)"

Posted by stkoay > 2021-10-12 12:17 | Report Abuse

Haha.....:p

Posted by stkoay > 2021-10-12 12:18 | Report Abuse

Sifu tolle reached his target for the year....congratulation ya.

Posted by Gash19 > 2021-10-12 14:32 | Report Abuse

steady stock in malaysia, regret for seeling my cimb and bank stock.

Posted by tollebunsmith > 2021-10-12 14:43 | Report Abuse

sifu stkoay: my next target is 8.45 before June 2022

Posted by tollebunsmith > 2021-10-12 14:48 | Report Abuse

Gash19 : sell cimb, buy mbb. easy.

Posted by tollebunsmith > 2021-10-12 14:56 | Report Abuse

Gash19 : if u change counters, u dont miss out on the action much, but if u exit the market and hold cash, then there sure will be papaer loss/papaer gain.. both useless. Only ok i fu see a market big drop and grab.

But is that possible? it is always a gamble.. maybe no drop at all? then what?..

Anyways no right nor wrong, just lose much or less, or gain much or gain less...life got more meaning than numbers... as long as u are happy and not grumpy, that it is all good.
Maybe ur were fated to change counters ( glove perhaps) and loseor gain 10 fold ). so consider ur self lucky.

Pls have humour and move on, Everybody who has bought a share eventually, always regrets after buying or sellng or held on to their shares.. but only on hindsight.

Posted by tollebunsmith > 2021-10-12 14:58 | Report Abuse

I too regret not topping up at 8.01 last week... and holding to my stoopit policy of buying schedule only in January 2022.. maybe it will be RM10 then.. then how?

Posted by tollebunsmith > 2021-10-12 15:02 | Report Abuse

Missed the boat too when PBB was at 4.01.... regret regret regret regret.. but life goes on.. and I am keep calm... patience is very important and a cool mind,. Anyone has these will be very far ahead of the pack of investors/speculators here

Posted by tollebunsmith > 2021-10-12 15:06 | Report Abuse

But never forget Oct 21st.. to check ur DRIP and cash dividend of MBB.. that will cheer every MBB investor... that is until 28th June 2022 when we get another DRIP and cash , which will be much more that this .

Posted by tollebunsmith > 2021-10-12 15:07 | Report Abuse

Gash19 will regret not buying MBB now and dont get the 2022 divvy.

Posted by tollebunsmith > 2021-10-12 15:08 | Report Abuse

Buy BB and sleep... it is on automatic mode... #bankerjagabanker

Posted by stkoay > 2021-10-12 17:18 | Report Abuse

https://www.malaymail.com/news/money/2021/10/12/banking-counters-rise-as-foreign-interests-persist/2012741

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the lifting of travel restrictions spurred more business activities for the financial sector.

“Banks are always the first liners when foreigners buy our stocks. They are stable, safe, fairly good growth and provide good dividend,” he told Bernama.

Posted by yjasonng2020 > 2021-10-12 19:21 | Report Abuse

https://twitter.com/JJ39132147/status/1447884828712452099?s=20

Posted by Cslee1215 > 2021-10-12 19:35 | Report Abuse

Tolle, maybe end of October would be good time to shop mbb

Posted by jeffchan1901 > 2021-10-12 22:05 | Report Abuse

guess who's no. 1
https://www.fsmone.com.my/funds/research/article-details/239461/10-malaysia-dividend-stocks-to-build-recurring-income?src=funds

Posted by jeffchan1901 > 2021-10-12 22:06 | Report Abuse

no wonder EPF throwing Tenaga like no tomorrow

Posted by stockraider > 2021-10-13 08:26 | Report Abuse

Collect lah!

Posted by tollebunsmith > 2021-10-13 09:12 | Report Abuse

sifu stkoay: MBB gila liew... 8.35

Posted by tollebunsmith > 2021-10-13 09:13 | Report Abuse

PBB sleeping, MBB numbawan..PBB too far away, cannot see shadow also

Posted by jeffchan1901 > 2021-10-13 10:00 | Report Abuse

wow MBB and PBB really performing. meanwhile, where's that naysayer saying MBB and PBB is underweight? disappeared like a thief in the night. lousy prediction. simply talk 3, talk 4 only. better don't quit his day job.

Posted by tollebunsmith > 2021-10-13 10:25 | Report Abuse

jeffchan1901 : hahahahahaha

Posted by JJFinn > 2021-10-13 10:54 | Report Abuse

@tolle : look like 8.45 will be here sooner than June 2022. Your target going to hit very soon... :)

Posted by linges > 2021-10-13 11:07 | Report Abuse

wah!! Congrates to whoever sapu below 8.30 before ex-date..now all 28sen dividend masuk pocket, not including drp discounts…
Congrates Congrates!!!!

Posted by stkoay > 2021-10-13 11:17 | Report Abuse

Wow....sifu tolle June 2022 will probably be achieved in the next couple of days...I guess....haha :)

Posted by stkoay > 2021-10-13 11:27 | Report Abuse

Regret to postpone my topping to November....should have listen to sifu tolle to buy some in early October :(

Posted by tollebunsmith > 2021-10-13 11:31 | Report Abuse

sifu stkoay & JJfinn: my target has always been very very very consevative ( extremly) so if my target achieved means i am a happy man, and whatever above my target price is considered a bonus... Thanks for the congrats.. BUT lets wait it to breach 8.45.... eitherway we are winners,,, ( hidden dividend is a special kind of gratification)

Posted by tollebunsmith > 2021-10-13 11:34 | Report Abuse

Hopefully the staters ( new investors) will buy on dips no matter how small and keep till domesday and pass it on to kids.. maybe we will be 3x or 4x the price it is now.

Posted by AllYouCanBuy > 2021-10-13 12:28 | Report Abuse

As I said last week, it will be 8.30 this week. 8.80 year end.

Posted by stkoay > 2021-10-13 12:33 | Report Abuse

So sad...this chun one predicted 8.80..

...my target 9.00 by year end :(

Posted by stkoay > 2021-10-13 17:01 | Report Abuse

Profit taking well absorbed, volume traded higher than PBB....very good.