Posted by Johnwong03 > 2021-11-01 12:09 | Report Abuse

KILL THE GOOSE THAT LAYS THE GOLDEN EGG.
Don't invest in Bursa Malaysia anymore, invest into other share market, no big investor want to invest anymore in Bursa Malaysia with the high stamp duty & Cukai Makmur (the highest in Asia, mention 1-off, who know maybe 2-off, 3-off, investors have no confident on M'sia government), They will run to other country. MOF is damaging the Bursa Malaysia.

Posted by tollebunsmith > 2021-11-01 12:13 | Report Abuse

Just sharing: my bottom line P&L didnt change as much as i feared and portfolio mix seems good although not excellent.

As my sifu said, end of day closing price is a more practicle measure and not to be swayed by knee jerk reaction.

Posted by ahbah > 2021-11-01 12:15 | Report Abuse

I am half alive today bcos of the red mkt !!!

How are U ?

Posted by SureHuat > 2021-11-01 12:17 | Report Abuse

A lot of panic selling now

Posted by Traderjoes > 2021-11-01 12:22 | Report Abuse

@tollebunsmith Im a dividend investor. If got big sale I'll usually top up, as long as fundamentals still strong. what do you think about Bursa Malaysia price now? looks like got shopee 11/11 sale now, down almost 7% BAY also? worried about their falling revenue, but their margins always increasing.

Posted by Traderjoes > 2021-11-01 12:23 | Report Abuse

BAT*

Posted by stkoay > 2021-11-01 12:29 | Report Abuse

https://www.malaymail.com/news/money/2021/11/01/aminvestment-rates-malaysias-banking-sector-overweight-as-loan-growth-picks/2017520

On the average impact to banks from the one-off imposition of “Cukai Makmur” (Prosperity Act) as announced in Budget 2022, the research firm said as it is only a one-time tax rate hike and it expects investors to eventually turn their attention to the improving fundamentals of banks (recovery plays) which will benefit from a stronger economic growth.

“We continue to see prospects of improving total income supported by a pick-up in loans growth and potential interest rate hikes benefiting banks’ net interest margins.

“Additionally, banks’ asset quality is anticipated to improve ahead, hence, requiring lower provisions,” it added.

We retain our overweight stance on the sector with our top buys on RHB Bank with a fair value (FV) of RM6.80 per share, Maybank (FV RM9.90/share) and CIMB Group (FV RM5.80/share).

Posted by nuttyprofessor > 2021-11-01 12:30 | Report Abuse

my PBB and MAY managed to sell get half profit.. PBB was better cause selldown was later than MAY.. and re-enter back with new price...make clean getaway by 14 cents per share kept the profits i make from TP just in case in pars lower for better reentry price..... cashed out from MMC for war chest for bargain hunt also. don't think I gained much but managed to redeploy some cash for a lower entry price

just a bit sour grape with the lost of half my earlier MTMs

Posted by stkoay > 2021-11-01 12:41 | Report Abuse

Dividend versus Capital appreciation.

Dividend is determined by the fundamental of the company.

Capital appreciation is determined by market forces/trend.

I prefer low beta high dividend stocks because when the market is down and (if) it stays down for many many years I still get my dividend if the fundamental of the company is intact.

Fundamentals for banks are improving....market trend no body knows ( like my sifu tolle said...if you know, Warrent Buffet will pay you USD1m to have lunch with you).

If you own Maybank and you compound the dividend yields of 7-8% over many years it's still a VERY ATTRACTIVE INVESTMENT RETURNS.

My 2 sen for the day.

Posted by Rocky > 2021-11-01 13:17 | Report Abuse

Politics aside, taxing the rich to help the nation n the poor makes sense. But it hurts sobsob.. So the sifus here, this knee jerk should last couple of days yea.. many bargain hunters n also, the rest of the budget n news not too bad.

Posted by jolynce > 2021-11-01 13:29 | Report Abuse

Surprisingly Maybank didn't drop much.

Posted by chasingyield > 2021-11-01 13:45 | Report Abuse

support at 8-00 quite strong, well supported by the high dividend yield

Posted by bang_miskin > 2021-11-01 13:46 | Report Abuse

Already dropped a lot on compared to the past two trading days. I guess some people got the news on late Friday afternoon and unload a whole bunch before closing time.

Below RM8 Maybank can buy. Sahan harimau manyak stabil.

Posted by chasingyield > 2021-11-01 13:51 | Report Abuse

hopefully the extra tax will be offsetted by better earning

Posted by AllYouCanBuy > 2021-11-01 14:17 | Report Abuse

散戶在停損 高手默默買進

星期五的財政預算案，造成今馬股資金明顯外流，不少個股跌幅介於3%～5%

很多散戶看見自己的股票跌幅不斷擴大、達到停損的界線，就按照紀律停損出場，但這時高手們卻正在默默買進。。。。。。

觀察市場氣氛是高手們判斷市場行情的一個指標，當市場上一面倒的觀點是最危險的

散戶之所以在停損，而高手在買進，不管原因如何，可以確定的是——高手手上有多餘資金可以買進！

這代表著：高手不是滿手股票，所以有錢可以撿便宜貨，而散戶往往在股價處在高檔的那一刻投入所有資金，導致下跌的時候百分之百承擔了損失，之後更沒能力在下跌時加碼買進

通常的情況是：散戶才剛買進而已，就跌下來了

人云亦云是危險的，尤其市場上一面倒的觀點最危險，你必須把『市場從來不是多數人決定、而是少數人決定』這句話放在心裡！

只有心態改變了、行為才會跟著改變、投資結果才能跟著改變！

Money never sleep : 金錢永不眠

Posted by stkoay > 2021-11-01 14:29 | Report Abuse

https://klse.i3investor.com/servlets/ptres/61102.jsp

The initiatives from the Budget 2022are mostly positive for the banking sector as various measures have been proposed to increase household income with jobs creation and more cash assistances. Businesses (mainly SMEs) will benefit with enhanced micro-lending facilities while receiving incentives for hiring employees from targeted groups. However, the one-off Prosperity Tax will hurt CY22Eearnings, by 5-14% within our coverage buthas a marginal impact to our TPs (refer to overleaf for further details). That said, there should still be an overall improvement from CY21 amidst better loans performance, asset quality and lower net impairments. However, the uncertainties behind NIMs leave us cautious as its correction could be quicker-than-expected. MAYBANK(OP; TP: RM10.55) is our Top Pick for dividend safety (6-7% yield) and RHBBANK (OP; TP: RM6.10) as a tactical pick for its potential participation in the digital banking space.

Source: Kenanga Research - 1 Nov 2021

Posted by i3kyan > 2021-11-01 14:50 | Report Abuse

small potato q at 7.99 for so long oso cant get :(

Posted by Tedinvestor > 2021-11-01 14:51 | Report Abuse

The high taxes and high stamp duty will discouraged both foreign funds and locals retailers.

Posted by stkoay > 2021-11-01 15:06 | Report Abuse

KUALA LUMPUR (Nov 1): CGS-CIMB research estimated that "Cukai Makmur" will lower banks’ total net profit for financial year 2022 (FY22) by 9%, with AMMB Holdings Bhd appearing to be the hardest hit.

In his view, Malayan Banking Bhd (Maybank) will be the least affected as he estimated a 7% negative impact on the projected FY22 net profit for the bank.

He assumed that 39% of Maybank's FY22 pre-tax profit will be generated from the overseas market and hence not affected by Cukai Makmur.

However, he maintained his "overweight" call on banks given the potential rerating catalyst from his projected core net profit growth of 7.3% for FY22.

He also estimated banks’ loan loss provisioning for the third quarter (3QFY21) increased quarter-on-quarter but declined year-on-year (y-o-y), which was positive for banks’ y-o-y net profit growth in 3QFY21.

Posted by jeffchan1901 > 2021-11-01 15:31 | Report Abuse

just put in order for another 102 lots.. after rebalance some from Tenaga

Posted by Red Dragon > 2021-11-01 15:32 | Report Abuse

I Top up some at 8.00, good luck.

Posted by jeffchan1901 > 2021-11-01 15:33 | Report Abuse

i parked at 7.99

Posted by stkoay > 2021-11-01 15:43 | Report Abuse

Good decision.

I also queue 20% of my available fund at 7.99....if cannot get by pre close, will adjust up 8.00 :)

Posted by InvestorX > 2021-11-01 15:52 | Report Abuse

7.99 please tq

Posted by jeffchan1901 > 2021-11-01 16:06 | Report Abuse

i think 7.99 can get. funds throwing

Posted by kotatata > 2021-11-01 16:37 | Report Abuse

Whoever got ticket dump now.... it will drop to 7.00 in next 2 months...

Posted by kotatata > 2021-11-01 16:39 | Report Abuse

Government no money, epf gonna sell a lot share to give I citra and government expenses .... until next income tax receiving days it will be bloodbath ...

Posted by jeffchan1901 > 2021-11-01 16:49 | Report Abuse

my remisier says a good chance will drop a little tomorrow before picking up the next couple of days.. leaving it parked at 7.99

Posted by jeffchan1901 > 2021-11-01 16:50 | Report Abuse

haha.. matched all 102 lots at 7.99

Posted by ToTheMoon > 2021-11-01 16:54 | Report Abuse

100 lot is how much? 10k units? 80k ringgit?

Anyways, why got people say next year stamp duty rm200.

Real or not?, 1 day contract rm 200? More expensive than using local broker to buy foreign stock?

Posted by InvestorX > 2021-11-01 16:54 | Report Abuse

Kena 7.99 too

Posted by stkoay > 2021-11-01 16:55 | Report Abuse

Come....come...come....the one who predicted a 10% drop, come to confirm your status as THE BIG CLOWN of i3

Posted by stkoay > 2021-11-01 17:00 | Report Abuse

Posted by apple168 > Oct 31, 2021 6:07 PM | Report Abuse

Estimates Maybank to drop at least 10%!

Posted by jeffchan1901 > 2021-11-01 17:13 | Report Abuse

@stkoay that clown better comment in his own Singapore market instead of being white noise here

Posted by AllYouCanBuy > 2021-11-01 17:20 | Report Abuse

Asking all the sifu here, my average cost is 7.80. Should I buy at 7.95?? Wouldn't it make my cost go higher??

Please advise and many thanks in advance.

Posted by Thks1956 > 2021-11-01 17:32 | Report Abuse

When u see maybank below 8, it’s no brainer……: close eye and buy

Posted by jeffchan1901 > 2021-11-01 17:34 | Report Abuse

@AllYCB yes it would as Dollar Cost Average applies. depends whether you are optimistic or pessimistic investor if u wonder to buy or not

Posted by stevenckheng > 2021-11-01 17:35 | Report Abuse

Posted by AllYouCanBuy > Nov 1, 2021 5:20 PM | Report Abuse

Asking all the sifu here, my average cost is 7.80. Should I buy at 7.95?? Wouldn't it make my cost go higher??

Please advise and many thanks in advance.


will go below your cost

Posted by jeffchan1901 > 2021-11-01 17:43 | Report Abuse

https://www.klsescreener.com/v2/news/view/903115

interesting read

Posted by jeffchan1901 > 2021-11-01 17:47 | Report Abuse

@Tothe moon now is 1 lot is 100 units, we don't say 1 lot 1000 units for sometime d

Posted by AllYouCanBuy > 2021-11-01 18:09 | Report Abuse

So miss is better than kiss if price does not fall below my cost?

Posted by jeffchan1901 > 2021-11-01 18:29 | Report Abuse

@AllYCB if buying the stocks increase your average price a,little above but below RM8.00 but you know that come dividend time it shoots to Rm8.30, will you buy?

Posted by jeffchan1901 > 2021-11-01 18:30 | Report Abuse

it will also depend on your investment objective

Posted by jolynce > 2021-11-01 18:59 | Report Abuse

I am in the same boat as you. My average is 7.90. So, as for me, I will buy if it drops below that. Otherwise, I have other stocks that I would want to buy with my spare cash.

Posted by AllYouCanBuy > Nov 1, 2021 5:20 PM | Report Abuse

Asking all the sifu here, my average cost is 7.80. Should I buy at 7.95?? Wouldn't it make my cost go higher??

Please advise and many thanks in advance.

Posted by tollebunsmith > 2021-11-01 19:09 | Report Abuse

supersinginvestor talk kok// why u still here? u said u were leaving... ypu lied. so selling off at 8.30 must be a lie too. Now, go away.

Posted by AllYouCanBuy > 2021-11-01 19:16 | Report Abuse

It's for long term investment purpose. So just buy??

Posted by AllYouCanBuy > 2021-11-01 19:29 | Report Abuse

https://www.theedgemarkets.com/article/prosperity-tax-will-lower-banks-fy22-total-net-profit-9-estimates-cgscimb-research#.YX-SpFiSKxU.facebook

Maybank will be least affected. Followed by Public Bank and HL Bank.

Posted by xxxx > 2021-11-02 04:44 | Report Abuse

Buy, don't think twice. Buy Mbb = investment.

Posted by nisah395 > 2021-11-02 08:27 | Report Abuse

wooow... 102 lots


jeffchan1901 > haha.. matched all 102 lots at 7.99
01/11/2021 4:50 PM

Posted by jeffchan1901 > 2021-11-02 08:59 | Report Abuse

@AllYCB to share with you, I initially bought PBB at RM14.96 (or RM2.992/unit for perspective) in June 2020, I topped up more PBB till it's RM3.593/unit and again till RM3.796/unit. Since it's long term for me, i dun mind topping up even if it increases my average price as long as it's below the market rate.

Currently my portfolio holdings are MBB:PBB:Tenaga = 56%:13%:31% after pairing down Tenaga for MBB yesterday