KLFI spiking upwards. Most FIs all up.
Its ok, opportunities are everywhere: take a look at BIMB (5258). Lower PE, higher ROE and much better revenue growth

This post has been edited by HereToLearn: Oct 9 2020, 06:07 PM

One hell of a way to crash the economy. Please share your source. A lot of people like to spread fake news for their own interest

https://www.rappler.com/business/loan-morat...nt-banks-groups

Share sources

Can still wait meh? 2020 ending soon. Also, BNM did not cut OPR in Sept suggesting that economy recovery is as per BNM's plan.

Estimated sector earnings per share stands with a sharper contraction of 29% followed by a 16% y-o-y recovery in 2021.
https://www.thestar.com.my/business/busines...o-hit-the-banks

“If Supermax and Kossan do replace Genting Malaysia Bhd (GENM) and Genting Bhd (GENT), we estimate Supermax’s weight in the KLCI to be 3.09% and Kossan at 1.89%,” it said.

Bye bye childhood, hope to see u back in KLCI after 2021

Maybe, they will get replaced back after ASP normalization. Maybe just a short transition.

2 things for sure
- Gloves will continue to post good results until ASP starts normalizing (in a post covid world). Analysts foresee ASP normalizing in 2H2021 or 1H2022.
- GenM wont have good result until 2021Q3, as border is closed until 2021Q2.

There is no way Gentings can beat gloves until 2022.

Why dont they remove MAHB too... -ve earnings too

This post has been edited by HereToLearn: Oct 12 2020, 11:44 AM

"Based on the company’s dividend payout policy of 50% and our projected earnings, the implied dividend yield for FY21 is 7.7%. For every 10% additional payout, the dividend yield increases by 1.6%. That said, dividend yields would moderate to 2.1% and 1.2% for FY22 and FY23 respectively,” Wong said.
https://www.theedgemarkets.com/article/top-...uarterly-payout

Glove is definitely the things to stay - Agree, ASP will remain elevated until 2H2021 or 1H2022.

Continuous uptrend until 2022 at least - disagree. I dont think people would want to buy after 2H2021, knowing that they might get stucked with 1-2% div yield. (if uptrend continues the div yield would be less)

This post has been edited by HereToLearn: Oct 12 2020, 11:55 AM

Airport already being removed from KLCI - Is it? I am still seeing 5014 in KLCI as of today though

Nothing wrong if a stock being excluded or included due to business cyclical issue or changing issue - Agreed

Thanks for the update

double post

This post has been edited by HereToLearn: Oct 12 2020, 12:29 PM

What you bought? If you bought cyclical stocks, normal la down during recession

I think BIMB better, ROE a lot more higher, althought PE is slightly higher

True, but it is just for a quarter though

What makes abmb different? Confirm 100% wont slide for 3 months?
All banks results wont be good for the next quarter result (except unexpected trading revenue surge), only long term investors will slwly buy banks now

I mean as of data for now, result just slump 1q. Certainly most banks' results wont be good next q.

Why say so?

Fintec confirm jialat earnings confirm unsustainable

I like allianz, revenue looks like still growing, but its last q spike in profit should be treated as bonus (occasional spike in profit due to less than normal claim amount). Do take a quick look at Takaful too.

They said
1. glove production plant will be set up within 6 -9 months. By the time they set it up, ASP should have started normalizing (ASP normalization should begin in 2021Q1-Q2 as of today's data).
2. their cost would be around 25-27 USD. Spot price NOW is above 100USD. After ASP normalization, should be able to stay slightly higher than pre-covid price. You see lo, if the business is profitable or not? However, do note that before pandemic outbreak, there was pressure on the gloves ASP due to massive supply (the gloves were already on expansion mode before covid). Hence if, the supply somehow outstrips demand in the future (might happen with more aggressive expansion and new players joining the gloves market), then say to MahSing lo
https://www.thestar.com.my/business/busines...ted-to-continue

CY21 Net profit forecast 6965mil
Current PE based on CY21 NP forecast = 11.4

There are banks with lower PE and similar ROE out there

This post has been edited by HereToLearn: Oct 22 2020, 10:43 AM

The PE (based on the CY21 NP forecast) have to be sensible la.

PE 8 I will buy, IF drop lower then buy another batch at PE 7. And will just leave it in the portfolio, unless the forecasted PE is changed substantially.