Posted by stkoay > 2024-05-01 14:31 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/05/01/reeling-in-reluctant-retailers

“Retailers are attracted by a ‘hot’ market but interest on Bursa has mainly been in big-cap stocks, which local institutional investors were buying due to a more positive outlook for the local market following the politically stable environment, higher investments and policy direction. “This has helped the benchmark index rise to a two-year high.

“Retailers are probably waiting for more certainty on a continuation of the trend before returning, but it could be a case when they might get hit by some profit-taking instead,” he said.

Posted by stkoay > 2024-05-01 14:32 | Report Abuse

Retailers normally like to buy high, hoping to sell higher :p

Posted by speakup > 2024-05-01 14:42 | Report Abuse

Bodoh fund managers! They should goreng up penny stock first before blue chip! Now CI super high, where got retailer dare enter stock market now.

Posted by jeffchan1901 > 2024-05-01 15:08 | Report Abuse

@stkoay ASN withdrawal online transfer takes how long? I redeemed yesterday abd they said funds transfer by yesterday but so far nothing. how long did your took?

Posted by stkoay > 2024-05-01 16:26 | Report Abuse

I have not tried before, i understand it's 2 working days.

Posted by stkoay > 2024-05-01 16:28 | Report Abuse

Fund managers are very smart.
They know that punters have very limited bullets, so they go to the rich man's darlings.
....the heavyweights esp. the banks, that's where the money is and will continue to be.

Posted by stkoay > 2024-05-01 16:32 | Report Abuse

Banks also got different types, some attracts long term funds due to its' high yield....
....while some attracts punters going for speculative play hoping for capital gain.

Posted by stkoay > 2024-05-01 16:51 | Report Abuse

Few years back, I remember someone commented that MBB is only good for its' dividend while the "other one" is better at providing capital gain.
Now, it turned out that MBB is not only good for its' dividend but also its' capital gain.
The "other one" not only gave much lower dividend but also capital loss....its' current price is off 60+ sen from it's recent high 2 years ago.

Posted by stkoay > 2024-05-01 16:55 | Report Abuse

Comparing these two, it turned out that rich uncles and aunties are smarter than the old towkay and towkay so.....lol haha :p

Posted by Mabel > 2024-05-01 23:58 | Report Abuse

jeffchan1901 @stkoay ASN withdrawal online transfer takes how long? I redeemed yesterday abd they said funds transfer by yesterday but so far nothing. how long did your took?
01/05/2024 3:08 PM

jeffchan

Usually it's 3 working days..

Meow

Posted by jeffchan1901 > 2024-05-02 10:13 | Report Abuse

@stkoay, @Mabel Thank you for the information. I also just called up ASN to check and they say that usually 1-3 working days. Since my withdrawal is huge, CS says most probably today or tomorrow. Loading up bullets for next dip. Let us all together sapu the low prices to force FF and Sharks to buy high and push up Tiger price.

-------------
stkoay
I have not tried before, i understand it's 2 working days.

----------
Mabel
Usually it's 3 working days..

Meow

Posted by stkoay > 2024-05-02 11:49 | Report Abuse

https://theedgemalaysia.com/node/710073

May 2): DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.

Posted by stkoay > 2024-05-02 11:50 | Report Abuse

Singapore biggest bank is doing well in 1Q, local bank with substantial exposure there should also benefit.....

Posted by jeffchan1901 > 2024-05-02 11:54 | Report Abuse

yes, banks with exposure of foreign investment will do well.. either performance wise and also forex currency wise

Posted by stkoay > 2024-05-02 12:35 | Report Abuse

Standard Chartered
posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender.

StanChart, which earns most of its revenue in Asia, said statutory pretax profit in the quarter was $1.91 billion. That compared with $1.81 billion a year earlier and the $1.39 billion average of 13 analyst estimates compiled by the bank.

Posted by stkoay > 2024-05-02 12:35 | Report Abuse

Big Banks all sui sui :)

Posted by stkoay > 2024-05-02 12:42 | Report Abuse

Banks shares globally, from US to Singapore are rallying......
....Malaysia normally follows late....
....if/when FF returns, Banks should fly :)

Posted by stkoay > 2024-05-02 12:57 | Report Abuse

https://theedgemalaysia.com/node/710071

Investors scour the globe for shelter as Wall Street shakes.

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve (Fed) interest rate cuts to be revised.

"Diversification will be a lot more important going forward,"

Investors said the Stoxx appealed because it is stacked with companies in so-called value sectors such as banking and energy which benefit from steady global growth but tend not to suffer when borrowing costs rise.

The general macro outlook is supportive for a cheap, cyclical value market."

Posted by Pinky > 2024-05-02 13:37 | Report Abuse

While I'm currently holding Maybank (and my 2nd biggest holding after United Plantation), I'm hesitating whether I should shift some to CIMB.

CIMB pros - more regional exposure
CIMB cons - no insurer

Maybank pros - full-fledged FinCo, having everything under its wings. Everywhere in Malaysia
Maybank cons - upside seem limited from here

Posted by Pinky > 2024-05-02 13:38 | Report Abuse

But being everywhere in Malaysia also means higher overheads in maintaining less than optimal branches/outlets. Comments?

Posted by stkoay > 2024-05-02 14:28 | Report Abuse

@Pinky, CIMB is currently cheaper than MBB, lower PE n PB, but its dividend yield is also slightly lower. It seems to have better growth potential. Its CASA is growing stronger than MBB and is expecting NIM growth of about 5 basis point while MBB is expecting a flat or slightly lower NIM for this year

Posted by i3gambler > 2024-05-02 14:28 | Report Abuse

Maybank for high DY.
HLFG for low PE.

Posted by Pinky > 2024-05-02 14:48 | Report Abuse

Nahhh for HLFG
Looks like a value trap to me 😅

Posted by GreatDreamer > 2024-05-02 15:24 | Report Abuse

CIMB has more risky loan than Maybank. Any economic downturn, it will be hit by more bad debt than maybank (eg during covid pandemic).

Posted by i3gambler > 2024-05-02 15:27 | Report Abuse

Once it come out from the trap, it will fly. 😀😀

Posted by stkoay > 2024-05-02 16:52 | Report Abuse

My top 2, both sui sui :p

Posted by Pinky > 2024-05-02 17:18 | Report Abuse

Combo MBB+CIMB

Better than voluntary EPF contribution 😁😁

Posted by stkoay > 2024-05-02 19:18 | Report Abuse

Yes, one for stability and high yield...
...the other for potential strong capital gain....

Posted by jeffchan1901 > 2024-05-03 05:47 | Report Abuse

Is it too late to get into the Sotong action now? seems the price almost 2 fold. Dont want to be stuck in Penthouse Condo. Any thoughts on this? If so, what would be the good entry price ?

Posted by masterus > 2024-05-03 07:35 | Report Abuse

No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’
Yellen’s remarks come as top US diplomat visits China and both sides scale up official contacts to keep relations from fraying

Posted by speakup > 2024-05-03 07:36 | Report Abuse

when speakup bought cimb at 3.80, nobody promote cimb kuat kuat
when speakup bought cimb at 2.70, nobody promote ambank kuat kuat
aneh!

Posted by masterus > 2024-05-03 07:42 | Report Abuse

China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns

Posted by Pinky > 2024-05-03 09:03 | Report Abuse

I have AmBank, CIMB and Maybank now.

Only AmBank is seriously undervalued. Maybank and CIMB...will only buy when got sale or when I cash-rich until nowhere else to put.

Posted by stkoay > 2024-05-03 11:46 | Report Abuse

@jeffchan1901

CIMB - EPS 65.46 sen - NTA 6.4066 - Dividend 36 + (special) 7 sen.......PE 10.13

MBB - EPS 77.55 sen - NTA 7.8474 - Dividend 60 sen........PE 12.62

Do the Maths, even price is high, it is still not expensive (comparable with the top 2 valuation)

Posted by stkoay > 2024-05-03 11:54 | Report Abuse

Even PBB has dropped to current 4.10, its' PE is still 12 times, Dividend yield only 4.62% and its' NTA only 2.82.

So, high price is expensive or low price is cheap??
haha :p

Posted by Mabel > 2024-05-03 12:14 | Report Abuse

https://www.theedgesingapore.com/capital/results/dbs-hits-milestone-100-billion-cap-record-1qfy2024-fed-stance

DBS Group Holdings has hit the milestone market cap of $100 billion after its share price gained this morning following yet another record net profit of $2.96 billion for the 1QFY2024 ended March 31, 15% higher y-o-y and 24% higher q-o-q.

The 1QFY2024 net profit is also well above a Bloomberg poll of $2.465 billion for the first quarter. While the year is still young, DBS may well meet and possibly beat FY2023's record-breaking $10 billion.

As at 9.16am, DBS shares changed hands at $35.92, up 3.01%, valuing the company at $102 billion.

Posted by masterus > 2024-05-05 07:39 | Report Abuse

African and Middle Eastern Nations Withdraw Gold Reserves Amid American Economic Concerns

ByJillian Bennett
APR 24, 2024

Posted by masterus > 2024-05-05 07:41 | Report Abuse

In a move reflecting growing concerns over the stability of the American economy, several African and Middle Eastern nations have begun withdrawing their gold reserves from the United States in recent months. This trend marks a significant shift in global economic dynamics and underscores the increasing skepticism among nations regarding the traditional safe haven status of the US dollar and American financial institutions.

The decision to repatriate gold reserves is not merely symbolic; it reflects a deeper unease among these nations about the trajectory of the American economy. Among the countries taking such actions are Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt, and Saudi Arabia, each representing crucial regions in Africa and the Middle East. Their actions are prompting questions about the future of the US dollar as the world’s primary reserve currency.

Posted by i3gambler > 2024-05-05 09:01 | Report Abuse

Look at the latest Cost to Income Ratio (CIR) of the 6 blue chip banks.
1) AMBANK = 43.8%
2) CIMB = 46.9%
3) HLBANK = 39.7%
4) MAYBANK = 47.8%
5) PBBANK = 33.7%
6) RHBBANK = 47.5%

PBBANK is really no joke, it is so well managed, its CIR is even lower than DBS's 37.0%,
No wonder it is trading at the highest Price / Book ratio among the 6 banks.

HLBANK is also not bad, but the mother company HLFG is so cheap due to Conglomerate Discount, so I prefer HLFG over HLBANK / PBBANK.

But MAYBANK is the "dragon head" among the local banks, and with high Dividend Yield.
So must invest in MAYBANK too.

Posted by jeffchan1901 > 2024-05-06 09:35 | Report Abuse

@stkoay thanks bro, I understand and thanks for sharing

Posted by stkoay > 2024-05-06 19:53 | Report Abuse

https://www.freemalaysiatoday.com/category/business/2024/05/06/bursa-bounces-to-52-week-high-amid-upbeat-regional-trend/

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said he expects buying activities to continue with the upswing in investor sentiment, supported by a steady and strong inflow of foreign funds into the region.

“The increasing daily trading volume signifies a growing appetite for the market and the benchmark index is charging towards the 1,600 psychological level.

Echoing the sentiment, UOB Kay Hian Wealth Advisors’ designated portfolio manager and head of wealth, research and advisory, Sedek Jantan also said the index may continue its upward trajectory, potentially breaching the psychological barrier of 1,600.

“The KLCI has not yet reached overbought levels, indicating the market is not excessively heated, and there is room for further ascent,” he said.

Posted by stkoay > 2024-05-07 12:13 | Report Abuse

Wow...the "other one" rocket liao...
....don't miss the boat ya, this is only "starting" :p

Posted by stkoay > 2024-05-07 12:16 | Report Abuse

https://theedgemalaysia.com/node/710558

The gains appear sustainable and on track to hit 1,755 by the end of this year, CGS International said.

For strategy, CGS likes banks, construction, utilities, real estate investment trusts, conglomerates, healthcare and telecoms, he added.

Posted by stkoay > 2024-05-07 12:37 | Report Abuse

Where is pang72?
still waiting to bargain hunting the "other one" ? :p

Posted by derricksyl > 2024-05-07 15:06 | Report Abuse

Tiger very geng chau

Posted by derricksyl > 2024-05-07 15:06 | Report Abuse

Lets break RM10

Posted by stkoay > 2024-05-07 16:13 | Report Abuse

https://theedgemalaysia.com/node/710583

KUALA LUMPUR (May 7): CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets

......confirmed what I posted earlier, CIMB is No.2 by assets.....

Posted by jeffchan1901 > 2024-05-08 15:17 | Report Abuse

anyone going in today? :-)

Posted by stkoay > 2024-05-08 16:11 | Report Abuse

Yes, am now monitoring the "other one"......not free just now,
now off low, will see till closing

Posted by jeffchan1901 > 2024-05-08 16:20 | Report Abuse

hah! knew sharks setting a trap for billis at 9.79. the way they tickle the billis with 1 - 2 lots at 9.79 occassionally while they parked whole army parked at 9.80. true enough, 4.15pm all in sailang billis. I parked at 9.78, hopefully can get some.