Yes, the reasons for AmBank was a known issue..

but there it was.... trading in the stock market... Ambank and Maybank... both there for the taking...

and this was exactly how much AmBank outperformed Maybank.


Is this as high as it goes?
LOL! I wouldn't know for 3 sen worth cause I wouldn't know how to bet on banking stocks...
the one and only one thing I know about Maybank is...'Where's the meat?'

Those 3 words still holding true for so many, many moons already..................

I think when it comes to Maybank, there is always that premium when it comes to the name that retailers love.
Great to sit and suck on dividends. But in terms of capital appreciation meat, there are almost always better dishes elsewhere.

Don't have any banking stocks in my portfolio right now so I get to play casual bystander here.

Locally, a few equities I have looking high but am deciding against realizing the profit because nowhere to reallocate the funds to.
My China bet has turned out to be quite painful but that's part of the journey.

The problem imo is that Maybank is not doing enough to grow its profits (or perhaps it is just too big to really grow)

I am a strong believer that growth is an very important part of value. If the company is not growing its profit, for me, that's a plain old eat pau sell pau type of company. No growth. What's the point then? Pointless yes? Well, it is for me.

And look at Maybank.. its profits... it's rather stagnant at around 8 billion or less. Each year. Which is why the share price... it's around 8 or 9.
Pay 8, you should be doing okay.
Pay 9, better give the boys and gals at EPF your money.

And the question is okay just enough?

Sometimes, many just gets suck into the so called attractiveness of the big name. But what's the point? Cause I easily pick out the other banking stock, Ambank, which would generated so much more money. Real money. Meat.
and yea... not saying go buy AmBank now but just pointing our the flaws of following the popular opinion.

Big and popular does not guarantee one success.

Seeing the Ambank price months ago, understanding the circumstances of it's laggard recovery compared to the rest of the market and then understanding the 1MDB factors is beyond a large portion of the population. So if anyone caught this boat, they are quite nicely rewarded. I can't claim to be anywhere near smart enough. I totally missed it until you posted.

Could mean ANZ divestment is progressing.

<a href='https://pictr.com/images/2022/08/27/EP7a11.md.png' target='_blank'>https://pictr.com/images/2022/08/27/EP7a11.md.png </a>
Supermax's strong Q4 not sustainable, FY23/24 EPS cut by 21pct by Affin Hwang

KUALA LUMPUR: Supermax Corp Bhd's strong performance for the fourth quarter (Q4) ended June 30, 2022 is not sustainable, according to Affin Hwang Capital.
The research house said this was given that the bulk of the improvement was due to foreign exchange gains of RM39 million, which were significantly higher than the RM25 million achieved in the nine months of financial year 2022 (9MFY22).
The firm said the gains were likely due to Supermax management taking a view on currency movements, and could have been losses if the movement had been unfavourable.
"The decline in revenue is a better indicator of the weak demand and overcapacity faced by the sector.
"Most of the existing glove manufacturers in Malaysia have reported a decline in profit quarter on quarter (qoq)," it said.
Overall, Affin Hwang said Supermax's financial year 2022 (FY22) results came within expectations.
Supermax recorded a net profit of RM732.4 million in FY22, making up 103 per cent and 97 per cent of Affin Hwang and the consensus' full-year estimates.
"We lowered our 2023-24 earnings per share forecasts by 21 per cent to factor in our latest margin and capacity assumptions.
"We have also cut our target price to 70 sen from 75 sen and downgrade our call to Sell from Hold for Supermax.
"The key upside risks include unexpected foreign exchange gains and exit of unprofitable glove manufacturers in the near term," it added.

sometimes i also wonder, how the genius IBs write their report. sometimes tp10, sometimes tp 50 sen

how much cash in hand supermax has in their bank in terms of per share value? what is their target price again? lol

Malaysia’s Core Inflation at Highest in 6 Years on Food Gain

By Kevin Varley

(Bloomberg)-- Malaysia’s core inflation reading climbed to the highest level since March 2016, primarily driven by a record increase in the cost of food, adding pressures to the government to do more to fight price gains.

The core inflation gauge rose 3.4% from a year earlier in July, the Department of Statistics said in an emailed statement. Headline inflation increased to 4.4%, matching the median estimate in a Bloomberg survey.

The cost of meat rose 12%, driving food prices up by 6.9%, the highest reading since Bloomberg started tracking the data in 2011. Transport and accommodation prices also recorded an increase of more than 5%.

With depreciating rm, expect inflation rate to persists.

Saw this today, sounded interesting.

https://www.thestar.com.my/business/busines...stocks#cxrecs_s

Saw this today, sounded interesting.
Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform, bringing clients the convenience of trading on 12 exchanges across seven global markets from Malaysia via one account.

In a statement, the bank said through SmartStocks, clients will be able to access Bursa Malaysia, Singapore Exchange, the Hong Kong Stock Exchange, the New York Stock Exchange, NASDAQ, US OTC, BATS Global Markets, the Australian Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Exchange – all at a single brokerage rate, which can be as low as zero percent for the its Priority Private clients.

https://www.thestar.com.my/business/busines...stocks#cxrecs_s

Saw this today, sounded interesting.
Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform, bringing clients the convenience of trading on 12 exchanges across seven global markets from Malaysia via one account.

In a statement, the bank said through SmartStocks, clients will be able to access Bursa Malaysia, Singapore Exchange, the Hong Kong Stock Exchange, the New York Stock Exchange, NASDAQ, US OTC, BATS Global Markets, the Australian Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Exchange – all at a single brokerage rate, which can be as low as zero percent for the its Priority Private clients.

https://www.thestar.com.my/business/busines...stocks#cxrecs_s

Saw this today, sounded interesting.
Standard Chartered Malaysia has launched SmartStocks, a one-stop online share trading platform, bringing clients the convenience of trading on 12 exchanges across seven global markets from Malaysia via one account.

In a statement, the bank said through SmartStocks, clients will be able to access Bursa Malaysia, Singapore Exchange, the Hong Kong Stock Exchange, the New York Stock Exchange, NASDAQ, US OTC, BATS Global Markets, the Australian Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Exchange – all at a single brokerage rate, which can be as low as zero percent for the its Priority Private clients.

https://www.thestar.com.my/business/busines...stocks#cxrecs_s

I think when it comes to Maybank, there is always that premium when it comes to the name that retailers love.
Great to sit and suck on dividends. But in terms of capital appreciation meat, there are almost always better dishes elsewhere.

Don't have any banking stocks in my portfolio right now so I get to play casual bystander here.

Locally, a few equities I have looking high but am deciding against realizing the profit because nowhere to reallocate the funds to.
My China bet has turned out to be quite painful but that's part of the journey.

when is maybank ex-date for div?

Rakuten Trade minimum fee is $1.88, so this stanchart could be worth it if your stocks are below $1,880 (of cos IBKR still the best)