Posted by Mabel > 1 month ago | Report Abuse

Meow Meow Meow

Posted by Mabel > 1 month ago | Report Abuse

Second quarter 2024 earnings released: EPS: RM0.061 (vs RM0.06 in 2Q 2023)

Second quarter 2024 results:
EPS: RM0.061 (up from RM0.06 in 2Q 2023).
Revenue: RM590.2m (up 8.4% from 2Q 2023).
Net income: RM137.2m (flat on 2Q 2023).

Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses.

Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in Malaysia.

Today BIMB climbs 2.69 %

To Our Success !

Meow

Posted by Mabel > 1 month ago | Report Abuse

Yesterday was Bank Islam, Maybank just released their Result

MAYBANK 2nd Quarter 2024

1. Maybank 2nd Quarter 2024 net profit increased 8.2% to RM2.53 billion. This is due to lower provisions and tax expenses.
2. According to its filing with Bursa, Maybank maintains its target to achieve return-on-equity (ROE) of 11% for FY2024.
3. The company announced a dividend of 29 sen per share similar to the level announced last year.

Next is CIMB

Yum Yum

Posted by TheContrarian > 4 weeks ago | Report Abuse

Two days ago put buy order at RM2.56. Didn't realize my order was done until I checked my account today.

Posted by Mabel > 4 weeks ago | Report Abuse

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Posted by Mabel > 3 weeks ago | Report Abuse

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Posted by Ubaidah At-Tasiki > 3 weeks ago | Report Abuse

I personally target bimb rm 3

Posted by TheContrarian > 3 weeks ago | Report Abuse

BIMB holding up well.

Posted by Mabel > 2 weeks ago | Report Abuse

It seems all Mabel's 3 Banks took a slight deep today...

So Far all 3 Banks are holding up steadily...

Posted by Mabel > 1 week ago | Report Abuse

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

Posted by Mabel > 1 week ago | Report Abuse

Look like Mabel's 3 Great Builders of Infrastructures, Properties and Data Centers; Gamuda, Sunway and Sime Darby Property are on it's way to hit all time high...

Soon Banks will be joining soon..

Posted by Syah919 > 1 week ago | Report Abuse

https://themalaysianreserve.com/2024/08/28/hlib-research-upgrades-bank-islam-shares-to-buy-target-price-rm3-10/