Posted by stkoay > 2024-08-06 11:55 | Report Abuse

Harimau kuat.

Punter will have to wait for his celebration and trolling.

Posted by newbie2019 > 2024-08-06 12:23 | Report Abuse

keng

Posted by stkoay > 2024-08-06 16:19 | Report Abuse

Wow....sotong more keng :)

Posted by stkoay > 2024-08-06 16:59 | Report Abuse

The boat sailed away very fast ...haha

Posted by prudentinvestor > 2024-08-06 18:01 | Report Abuse

Market is still very uncertain, the US market is gripped by extreme fear now. Maybank investors should not worry too much.

Posted by stkoay > 2024-08-06 19:03 | Report Abuse

Yes, buy on dip only, no need to chase rebound.

Posted by Mabel > 2024-08-06 22:29 | Report Abuse

Haha the headlines in America pointed to concerns over a slowing economy and worries about a recession.

But Mabel think talk of a recession is wildly premature. Based on previous Presidential Election, August and September are a bearish months.

First, the decline that we're seeing is not that unusual. Stocks typically pull back roughly -5% on average of 3-4 times per year, and have a correction of about -10% on average of once a year.

A 'pullback' is defined as a decline between -5% and -9.99%. And a 'correction' is a decline between -10% and -19.99%.

From their recent high close just a few weeks ago, to their worst intraday levels on Monday, August 5th, the Dow pulled back by -6.55%, the S&P 500 pulled back by -9.67%, the Nasdaq corrected by -15.76%, the small-cap Russell 2000 corrected by -11.95%, and the mid-cap S&P 400 pulled back by -9.79%.

As painful as pullbacks and corrections are, they are very common. Every bull market has them. And if you know these are commonplace moves, you can instead look at them as opportunities to buy rather than places to sell. This is the approach that Mabel has adopted.

As for a recession, it's difficult to make a case for a recession when the labor market and economy are still so strong. Granted, last week's jobs numbers were weaker than expected. But this is also what the Fed has been wanting to see -- that and slowing inflation, in order to cut rates, which now looks like there's a good chance of it happening in September, when they next meet (if not sooner).

But the labor market is still adding jobs at a healthy pace. And the recent 4.3% unemployment rate is still historically low.

Moreover, Q2's GDP came in above expectations at 2.8%. And Q3's GDP is forecast at 2.5%. Again, it's hard to make a case for a recession, which typically means two quarters in a row of negative GDP, when the GDP is up and outpacing expectations.

Additionally, corporate earnings and sales are trending higher with Q3 earnings growth estimated at 5.5% and sales at 4.8%; Q4 earnings at 11.7% and sales at 5.4%; and Q1'25 earnings at 13.2% and sales at 5.5%.

None of this even remotely spells recession.

So, Mabel think we are simply going thru a typical pullback and correction.

Again, it's not fun while it's happening.

But these are usually pauses that refresh. And savvy investors should be on the lookout for places to buy, before the next leg up.

To Our Success !

Meow

Posted by stkoay > 2024-08-06 22:37 | Report Abuse

Meow Meow Meow
Cheers.....

Posted by Mabel > 2024-08-06 22:45 | Report Abuse

Meow

Posted by stkoay > 2024-08-07 15:17 | Report Abuse

Harimau kuat.....tapi

Sotong hebat.... :)

Posted by Mabel > 2024-08-07 17:14 | Report Abuse

DBS Earnings Beat Forecasts With Gains in Lending and Wealth Fees - WSJ: 14:39

Meanwhile Singapore banking heavyweight $D05.SG$ reported a rise in net profit for the second quarter, helped by higher net interest income and fees. Net profit climbed 6.1% from a year earlier to 2.79 billion Singapore dollars (US$2.11 billion), the lender said Wednesday. The result, which included costs related to the integration of Citibank Taiwan, which DBS acquired last year, beat the S$2.69 billion consensus estimate from analysts surveyed by FactSet.

Total income increased 9% to S$5.48 billion during the quarter, said DBS, Southeast Asia's largest banks by assets. Net interest income for its commercial book was 5% higher at S$3.77 billion, with net fee and commission income climbing 27% to S$1.05 billion. The bank's first-half net profit rose 10% on the year to S$5.74 billion. Its board declared an interim dividend of S$0.54 a share for the second quarter. DBS rewards their shareholders every quarter.

DBS has a track record of consistent yearly dividends since 2010, showing a commitment to shareholder returns. Over the past 14 years, DBS has paid out nearly S$34.9 billion in dividends, which is roughly 50% of its net income of about S$71 billion during the same period. This payout ratio reflects a balanced approach to rewarding shareholders and reinvesting in the company's growth.

Posted by ccpool > 2024-08-08 08:38 | Report Abuse

2024-04-18 16:17
10.32

---------------

TP incoming

Posted by Steven Chan > 2024-08-08 10:53 | Report Abuse

No more tiger only kuching

Posted by stkoay > 2024-08-08 12:00 | Report Abuse

To those who have, at 10.14/16 .....Harimau Kuat

Posted by Mabel > 2024-08-09 12:14 | Report Abuse

Meow Meow Meow

Posted by stkoay > 2024-08-09 12:40 | Report Abuse

https://theedgemalaysia.com/node/722228

Aug 9): This week’s upheaval in global equities is prompting investors in Asian stocks to turn their attention to markets where their ownership has been falling in recent years, with China and Malaysia fitting the bill.

While the S&P 500 Index has declined 2.8% since last Friday’s poor US jobs data triggered the sell-off, Malaysia’s and China’s benchmarks have both lost less than half of that. Societe Generale SA, Invesco Hong Kong Ltd and UBS Group AG are among those touting China’s attractiveness while Goldman Sachs Group Inc this week upgraded Malaysian shares, citing the market’s defensive nature when it comes to external shocks.

Posted by pang72 > 2024-08-09 17:31 | Report Abuse

Wow! Harimau kuat hari ini together with ringgit.

Posted by jeffchan1901 > 2024-08-10 10:08 | Report Abuse

Haha, Bilis no need Tongkat Ali or Kacip Fatimah, just buy ubat Harimau, pasti hebat

Posted by Mabel > 2024-08-11 00:38 | Report Abuse

Historically, biting down gold coins was common practice among traders for checking the authenticity of the metal. Genuine gold, being soft, would leave dents on the coins.

However, the question of authenticity no longer applies in the Olympics, since the International Olympic Committee stopped awarding pure gold medals in 1912.

As modern-day investors, it can be easy for us to get caught up in the day-to-day fluctuations of the stock market.

The advent of the 24-hour news cycle, up-to-the-second trading platforms, and low-commission trading (or commission free in many instances) can make your head spin and make matters worse in many instances.

However, if there is one lesson stock market history has taught me, it's that a short-term crisis often makes way for longer-term opportunities.

Booms and Busts are Nothing New

Long before Wall Street was even conceived of, history was littered with boom-and-bust periods.

In fact, unless you're hundreds of years old, the first instance happened long before you were born.

During the Dutch Golden Age of the 1700s, tulip speculation ran wild.

Even though there was little real-world value or use around tulips, the price soared to the equivalent of ten times the annual salary of a skilled artisan!

The Extremes of the .com Craze

Fast forward to 1999, and a similar phenomenon occurred with the burgeoning internet sector.

Investors began to realize that the internet would change how we take in information.

However, just like the Tulip Bubble before it, investors suffered from irrational exuberance.

Though most internet stocks had yet to turn a profit, investors piled into any stock with a .com in the name and sent it into the stratosphere.

One extreme example was Netscape. Netscape soared from $28 to nearly $75 a share on its first day of trading!

Many other names went on to have price-to-earnings (P/E) ratios of over 300x earnings - numbers that would wake Warren Buffett up at night.

2008's Global Financial Crisis

The housing crisis of 2008 was yet another example of excesses in one direction leading to excesses in the opposite direction.

Large banks' excessive risk taking and over-lending aimed at low-income home buyers led to a speculative bubble.

You guessed it! Like the dot com craze and Tulip Mania before it, this didn't end well.

First, rampant real estate speculation led to unsustainable prices. Then, the devastating crash came which sparked the demise of large banks such as Lehman Brothers and Bear Stearns.

Learn from the Market's Past to Understand the Future

You may be wondering why I am taking you down this random walk-through memory lane.

One of the primary reasons why crisis equates to opportunity in the stock market is the occurrence of "black swan" events.

Black swan events are rare and unexpected events that significantly impact the market and can cause a rapid decline in stock prices.

The events I walked you through above are all examples of black swan events.

However, black swan events can be a product of things outside of the economy that ultimately impact the economy (think the 9/11 terrorist attacks or the COVID-19 pandemic).

While these events are often devasting to the world and investors caught on the wrong side of the trade, they also pave the way for opportunities for those who have dry powder (cash on hand) and are prepared to take advantage of them.

*Like a weed sprouting its way through a cracked driveway, ultimately markets "heal*".

Meow

Posted by Mabel > 2024-08-11 22:30 | Report Abuse

All 3 Singapore-listed banks have also released their financial results for the 2nd quarter, and for the 1st half of FY2024 – starting with United Overseas Bank (SGX: U11), on 01 August, followed by Oversea-Chinese Banking Corporation (SGX: O39), the following day on 02 August, and then DBS Group Holdings Limited (SGX: D05), on 07 August.

‌*Dividend Payout to Shareholders*:
The management of UOB pays out a dividend on a half-yearly basis – once when it releases its results for the 1st half of the year, and once when it releases its results for the 2nd half. ‌For the 1st half of FY2024, a dividend payout of 88.0 cents/share was declared – this represents a 3.5% improvement from its payout of 85.0 cents/share declared last year. The amount also represents a payout ratio of about 51%. Dividend payout: 23 August 2024

Similar to UOB, OCBC’s management also announces dividends to shareholders bi-annually – once when the bank releases its results for the 1st half of the year and again for the 2nd half. For the 1st half of FY2024, a dividend payout of 44.0 cents/share was declared – a 10.0% increase from its payout of 40.0 cents/share last year, and representing a payout ratio of 50%. Dividend payout: 23 August 2024

‌Unlike UOB and OCBC, the management of DBS declares a dividend payout to the shareholders on a quarterly basis. Similar to the first quarter, a payout of 54.0 cents/share was declared for the 2nd quarter. Hence, for the 1st half of the year, a total payout of $1.08/share was declared – a 20.0% improvement from its payout of 90.0 cents/share last year. Dividend payout: 26 August 2024

Let's hope Maybank, CIMB and BIMB can beats the 3 Singaporean Princess!

Meow Meow Meow

Posted by jeffchan1901 > 2024-08-12 16:21 | Report Abuse

AVOID CPO stocks, buy Bank shares

https://theedgemalaysia.com/node/722449

RHB IB urges plantation sector to diversify amid volatile CPO prices

KUALA LUMPUR (Aug 12): RHB Investment Bank Bhd (RHB IB) recommends plantation industry players to diversify into other sectors to strengthen their businesses, rather than relying solely on consistently high crude palm oil (CPO) prices to sustain earnings.

In a note on Monday, RHB IB highlighted that some plantation companies have already ventured into industries such as property development, fruit farming, glove manufacturing and dairy farming.

"Recently, we've observed more environmentally sustainable diversification, including the production of wood, fertiliser and other products using palm oil waste," RHB IB stated.

However, the investment bank noted that aside from ventures leveraging their landbanks — such as land sales and property development — none of these efforts have significantly contributed to earnings.

It pointed out that with the monetisation of landbanks through initiatives like data centres or renewable energy projects, such as solar farms, diversification may become more impactful in future.

RHB IB estimated profitability per hectare per year from solar energy could be 26 times higher than from oil palm cultivation.

The bank said with challenges such as lower yields, ageing trees, environmental pressures, rising costs, labour shortages and reduced profitability, the plantation sector must explore alternative strategies.

"CPO prices have surged to levels not seen in the last decade, but there remains a risk that external factors could drive prices below breakeven levels.

"We expect long-term CPO prices to be at the upper end of RM3,000 to RM3,500 per tonne, but prices are likely to remain volatile," it said.

Given that price fluctuations are beyond the control of planters, RHB IB emphasised the importance of focusing on revenue growth, cost management and diversification.

Additionally, it noted that planters should enhance mechanisation to improve efficiency and reduce reliance on labour, increase investment in research and development to produce better-yielding seedlings with lower maintenance costs, and prioritise environmental, social, and governance (ESG) practices to secure ESG premiums.

RHB IB also observed that the sector is progressing in ESG terms, with the average score improving to 2.6 this year, up from 2.5 previously.

The bank maintained its "neutral" rating on the plantation sector.

Posted by NatsukoMishima > 2024-08-13 09:20 | Report Abuse

Tradisional bank will be a sunset after digital bank gxn coming ! Rm 10 better buy vstec lah bro !

Posted by stkoay > 2024-08-13 12:56 | Report Abuse

https://www.nst.com.my/business/corporate/2024/08/1090797/operating-environment-banks-favourable-over-next-18-months-fitch

"Banks are poised to post high market-related income in 2024 on continued volatility in the FX market and as global interest rates start to decline," it added.

Posted by jeffchan1901 > 2024-08-13 21:07 | Report Abuse

Local stocks pummeled after US tech rout

THE STAR
Thursday, 25 Jul 20249:12 AM MYT

KUALA LUMPUR: The overnight plunge in US equities spilled over to Bursa Malaysia, which had already been shaky in recent days due to heightened investor caution.

At the start of trading, the FBM KLCI gapped down 4.06 points to 1,617.08, tracking the sharp sell-off in US markets after investors pulled out of the Magnificent 7, Wall Street's leading tech counters, following disappointing earnings from Tesla and Alphabet.


Following the fall below the 1,630 psychological level yesterday, the local key index in now looking to defend the 1,600 support, said Apex Securities Research in a note.

"Amidst the heightened volatility, we remain defensive, favouring the REIT and Utilities sector," it said.

As expected, the local tech sector was doused by the negative sentiment stemming from US markets, falling nearly 2% in early trade.

The Bursa Malaysia Technology Index dropped below the 50-day simple moving average as it returned to a six-week low with three-quarters of its component counters in the red.

Leading decliners included Unisem down nine sen to MR4, Vitrox falling six sen to RM4.09, Vstecs shedding 12 sen to MR3.96 and Frontken falling 11 sen to RM4.23.

Posted by Tedinvestor > 2024-08-14 10:30 | Report Abuse

Safest bet are Maybank, RHB and Cimb. Still give dividend during bear market

Posted by mf > 2024-08-14 10:30 | Report Abuse

Time
US 30
39,748.9 39,775.7 39,723.0 -16.7 -0.04%
22:28:47
US 500
5,431.2 5,437.9 5,427.8 -3.2 -0.06%
22:28:47
US Tech 100
18,999.7 19,055.4 18,987.9 -6.5 -0.03%
22:28:00

Posted by Steven Chan > 2024-08-15 09:58 | Report Abuse

Dip to dipper

Posted by MinisoPenguin > 2024-08-16 14:55 | Report Abuse

wanna ask the RM1million fine to maybank will it impact the dividend payout amount?

Posted by stkoay > 2024-08-16 16:56 | Report Abuse

Harimau Kuat

Sotong Hebat

Posted by stkoay > 2024-08-16 16:57 | Report Abuse

Gaya.....Mutu.......Keungullan.....

Posted by newbie2019 > 2024-08-17 10:59 | Report Abuse

highest in 52 weeks closed yesterday
Hari Hari Mau

Posted by newbie2019 > 2024-08-17 11:00 | Report Abuse

Maybank Div coming year will be 7,200mil MYR
1mil is like 0.13% affected

Posted by prudentinvestor > 2024-08-18 16:59 | Report Abuse

Earnings should be close to or even slightly exceed RM10 billion this year. With EPS of around 85 sen and assuming a PE of 12.5, it should go up to around RM10.60 a share.

Posted by prudentinvestor > 2024-08-19 11:16 | Report Abuse

Maybank has now scaled to the highest level in over 6 years. Soon it would reach all time high.

Posted by Mabel > 2024-08-19 11:26 | Report Abuse

Meow Meow Meow

Posted by prudentinvestor > 2024-08-19 11:44 | Report Abuse

Maybank is not a cat, it is a big tiger. Its roar can be heard from miles away.

Posted by stkoay > 2024-08-19 11:52 | Report Abuse

Meow meow meow

Posted by stkoay > 2024-08-19 12:07 | Report Abuse

Rich uncles & aunties who park their retirement fund in banking stocks are today very much richer :)

Posted by nhbeen > 2024-08-19 12:11 | Report Abuse

I think most of the banks are moving due to favourable GDP growth announced last week. This positive growth rate signals demand towards banking products and services are expected to be strong in coming quarters and thus could translate into higher revenue and better profit. My 2 cents opinion.

Posted by Steven Chan > 2024-08-19 12:15 | Report Abuse

Banks most solid n remunerative go for it

Posted by happybuying > 2024-08-19 12:27 | Report Abuse

So happy with Tiger. Luckily did not sell to realise capital gain.

Posted by pang72 > 2024-08-19 12:31 | Report Abuse

Tiger bank is roaring kuat kuat today:)

Posted by pang72 > 2024-08-19 12:31 | Report Abuse

What a wonderful day man:)

Posted by stkoay > 2024-08-19 12:32 | Report Abuse

Today, long term rich investors happy lo...most of them is heavy on blue chips esp. BANKS

Posted by stkoay > 2024-08-19 12:40 | Report Abuse

Today's trading definitely took many by surprise.
It's very different from previous pattern...previous hot favorite YTLP is also down but all banks up kaw kaw ...and in heavy volume.

Posted by Cslee1215 > 2024-08-19 13:08 | Report Abuse

I was surprised.

Posted by Tedinvestor > 2024-08-19 13:28 | Report Abuse

Happy moments for all bank investors.

Posted by Tedinvestor > 2024-08-19 13:29 | Report Abuse

The ringgit also one of the reasons for the bullish performances

Posted by pang72 > 2024-08-19 13:37 | Report Abuse

I am super surprised as well because my aim is up 1c a day considered byk untung mah...

Who know? Up 20c.... Adui...

Posted by pang72 > 2024-08-19 13:38 | Report Abuse

My objective is to get 6% dividend yearly.
No need headache...
Who know, up like this....

Bo Bian lo!!