I have lot of cash. Want to buy bank counters bcoz i think they are essential business wont bankrupt.

Target:
Public Bank - RM12
Maybank - RM6
CIMB - RM3

once hit, buy at least 50 lot each.

Bincangkan.

Maybank 6? keep dreaming

actually I think it's possible. now already almost 7

2 weeks ago, if someone told you want to buy maybank at 7.5
you will told them keep dreaming too

we shall see

the target could be hit but be sure that you are able to sleep well with huge paper loss

I'm targeting:
RHB (RM3.96)
Public Bank (RM12.23)
Bank Islam (RM2.72)
Maybank (RM5.99)
ABMB (RM1.69)
AmBank (RM2.46)
AeonCR (RM7.00)
CIMB (RM3.20)

Possible. Never underestimate fear in the stock market. RM4 maybe impossible la.

Yesterday and today supermarkets and morning markets all finished sapued by panic Malaysians. Stock market high chance they panic also.

Make that Maybank at RM0.50

If that's the target price then be prepared for Great Depression.

I would rather short correction so we all could get back to normal lives.

Not target price (as in analyst' target price) but target price for me to enter.
Meaning the upside is higher.

and good luck with it.

Thanks. Once more loans are impaired/non-performing in 2020 Q1 report, probably won't need luck.

keep that to yourself, rofl.

Public bank > maybank

Endless possibilities yo...
Don't be surprised if can hit 5 too..

Both safe but Public Bank has higher Price-to-book value than Maybank. That's why it's falling faster.

I definitely wont be surprised.

Good...
Then better buy if really reach that level 🤑

History shown Maybank would hit that level then recover later on...

What's come down must go up one day..
Unless Maybank goes bankrupt...

But pb can go very high n they give out good dividends once economy recover foreign investors will buy pb n not maybank

Bcoz he dreaming wat

u should buy, not me. it's ur target

So u buy when?
Or don't look at all 🤔🤔

If rbs.l can 220p - 120p
Ximb 5.20 - 3.13
Pbv 20 - 13.70
Geenting 6.20 -3.22

Many npl..few more round of opr cut.

u needed it more than me, I am after u

It's subjective. Anything can happen that's why need target few banks not just 1 or 2. Foreign banks in US are already quite cheap. For now, they rather buy US bank at cheaper price than a cheap Malaysian bank.

Public Bank is still a good bank. I have a family member who held around 25,000 units (worth >RM500k at 2018 price) of Public Bank. I believe she is still holding.

This post has been edited by Yggdrasil: Mar 17 2020, 12:40 PM

History has shown that Maybank can go as low as 3.4. I bet before that nobody even Maybank themselves thought they can go that low. Just something to think about.

Spot on...
That why I said endless possibilities....
For now we shall watch the impact of Covid19 first.. worse yet to come... Few more weeks time we shall know the full force..
New cluster incoming... Not only from Sri Petaling gathering but others too...

Aiyoh...it went down to Rm1.80. BUT what was the NBV at the time????

Believe recent stocks price drop is the first round of a few. Believe price will drop further when plc defaulted with a few hundred million RM loan.

This post has been edited by icemanfx: Mar 17 2020, 02:23 PM

RM3.955

wah .... so much??

so is she automatically a premier banking client?

Definitely but I think she's with CIMB not Public Bank although she's holding Public Bank shares because she gave out CIMB angpow packets.
Her net worth quite a lot. I got to know the no. of units she held in Public Bank because I so happened saw her dividend slip.
She holds quite a number of units in IGBREIT and YTLREIT too. Maybank also got. I think she held Maybank and Public Bank since before 2000.

Did you buy it then? I did.

Look at the earnings!

Nope because I was too young to open a share account.

oh...ok

I bought some at Rm2.50 at the time.

Wah good bargain.
Must be untung a lot.

I think better to wait until the virus die down first.

Never know when it ends but meantime supply chains keep getting disrupted.

As long as this virus is still causing disruptions, it's unwise to dive in.

Double posted.

This post has been edited by kygt99: Mar 17 2020, 03:07 PM

That's a long time ago. Enjoyed the dividends. Already paid for the principal.

still early to enter...
personally feels it's "not cheap" enough to buy..

Whatever you want to buy, just buy choose 1 bank stock only rather than 3. Choose other industry blue chips so that you don't put all your eggs in one basket and diversify your risks.

Seeing that the Fed already drop to 0 for interest rate, this means BNM will do the same as in drop interest rate, when? nobody knows. When interest rate drops, bank stock also drop. Some say BNM will dragged until May to drop the rates.

There is definitely room to drop.

Depends. If a person only has RM10k to invest, might as well stick to 4 stocks only.

If another person has >RM100k to invest, they can afford to diversify more into 15+ stocks. I'm personally going for around 15 in total.

RM 2.50 to RM 9 over 13 years plus dividend.... how much is the CAGR? ~12% (excl. dividend)? Really good!

Nothing compares to Public Bank though.
I heard that if a person held Public Bank shares since IPO and never sold, that person already millionaire.

but their IPO was in 1992, not 2008. Different time frame.....
in 2008, PBB was like RM 10. At its peak last year, about RM25. Without considering dividend, MBB is better, no?

by the way, the other user said foreign investors prefer PBB over MBB. Why is that?

and what will happen to PBB after THP??

Foreign investor like PBB because of higher free float.meaning more liquidity.

On dividends PBB only pays about half of its earninga in dividends, so it has room to maintain payout. iIts dividends has grown most years except one or two crisis years.

MBB pays more dividends but nearly to the max of its earnings. Any fall in earnings could result in dividend cuts.

What is THP?

then it would be wiser to collect PBB then?

but this has no government backup?

sorry .... THP = teh hong piow. He's already ±90yo, I think .... if anything happens to him, stock price will dive?

also wondering about Berkshire hathaway now since Buffett is even older.

Tbh Difficult pick between MBB and PBB based on current prices. N I think you highlighted good points about lack of govt backing n THP. But lack of govt backing may be a good thing.

P/S I actually think good idea to buy Berkshire now.. Let WB do the market timing.

This post has been edited by Cubalagi: Mar 18 2020, 12:35 AM

I thought so too... because he has 60% cash while I don't.

I believe Public Bank gave a higher return than Maybank because it rose higher between 2008-2019 than Maybank. Maybank was quite stagnant because it kept offering DRIPs.

https://fifthperson.com/4-reasons-why-publi...lionaire-today/

This person claims that if you invested RM15,000 into Public Bank shares at 1992 IPO and reinvested everything, you're a millionaire. But, RM15,000 is a lot.

People analyse bank stocks based on Net-interest-margin, Expense ratio, Price-to-book, Loan growth, Loan-to-Deposit ratio etc.

I'm quite sure Public Bank outperforms Maybank in most areas especially Expense ratio because it's a Chinese company (sorry for generalising but most of the employees are Chinese including major shareholders). Being a Chinaman company, it's very stingy and conservative cutting costs here and there. However, this is good for shareholders.

Chinese tend to be risk adverse too which explains their prudent and strict credit screening unlike banks like Alliance bank who lent to London Biscuits. In fact, I believe it's the toughest bank to get a credit card from. Maybank is strict too but has also lent out to companies like Tuaspring.

Maybank still has a lot of fanatics because it's synonymous to their 'National pride' just like MAS, Proton etc. They believe the government will bail them out if anything happens.

The good thing about Maybank is it has a strong no. of savings account among youngsters (20-30 years old). Almost everyone has a Maybank account. Public Bank is like for old uncle aunty but they are trying to change this.

Maybank is also not afraid to venture into Fintech, Duitnow etc. Public Bank used to be technology adverse but luckily is making changes. Otherwise, it will end up like the Kodak of banks.

In the long run, I think Berkshire will not outperform the S&P500. Buffett even adviced his wife to invest in S&P500 when he's gone. In 2008 financial crisis, Berkshire's shares fell too. Nothing was spared. He's also not perfrct as he made some bad investments into Kraft, Tesco and initially didn't want to invest in Apple.

I'm just afraid of what will happen to the company after he's gone as the company is linked closely to Warren's personality and brain. Also, he's old. Anytime he can have a (god forbid) heart attack since he consumes McD for breakfast everyday.

Except death and tax, nothing is forever certain. Similarly, what will happen to pbb after the chairman is no longer around?

This post has been edited by icemanfx: Mar 18 2020, 08:51 AM

When Steve Jobs passed, Apple's share price didn't fall much (or at all).
Share price will depend on profitability. If good management is chosen, they will steer the company into profitability. Hence, share price will increase.

Berkshire is different as its profitability depends on Warren's and Charlie's (who is also old) stewardship. They are the main masterminds.
Warren is also seen as an icon of Berkshire. Many Berkshire shareholders attend its AGM just to see Warren.

hahaha how many of us can afford 1 berkshire share?
it's in USD samore, x4, 1 share also millionaire already. hahaha

not the A class share; B class share lah...

That's why they have the B shares.

.https://www.marketwatch.com/investing/stock/brk.b

hahaha ok, sorry pardon me please.

for Maybank to drop to that price shit must have hi the fan in Malaysia, the amount of interest that gov n pension fund in that counter is more that you can imagine

as you can see everytime Maybank drop in the morning trading always someone to back it up and push the price to have less loss or go back higher

Battered share market sees EPF losing RM23b

https://themalaysianreserve.com/2020/03/17/...f-losing-rm23b/

THE Employees Provident Fund’s (EPF) investment value in 219 public listed companies fell by as much as RM23 billion since January this year as the novel coronavirus pandemic hammers the stock market.

A check by The Malaysian Reserve yesterday showed that the total equity value of EPF’s stocks declined to RM135.6 billion compared to RM158.5 billion at the end of the fourth quarter of 2019, erasing a staggering RM22.9 billion in total value. Only 42 stocks posted an increase in investment value for EPF in the same period.

The local stock market, like all equities, had been battered after the coronavirus became a pandemic. The FTSE Bursa Malaysia KLCI (FBM KLCI) dropped to 1,280.63 points yesterday, the lowest in more than a decade.

This year alone, the index had shed 19.39% while against the one year return, it fell 21.05%.

The stock market has been going through its biggest fall since 2010 as investors scurried for safe haven instruments following the double threat of a coronavirus-driven global recession and the Saudi-Russia oil-price war.

Foreign investors dumped local equities as fears about the worsening worldwide economic slowdown. Saudi Arabia’s decision to increase oil production to drive Russia and the US out of the market sent further shockwaves into the equity markets.

The EPF’s 10 worst performing stocks in last three months are Petronas Chemicals Group Bhd (PetChem), Sime Darby Plantation Bhd, Public Bank Bhd, Tenaga Nasional Bhd (TNB), RHB Bank Bhd, CIMB Group Holdings Bhd, Hong Leong Bank Bhd, Malayan Banking Bhd (Maybank), Hartalega Holdings Bhd and Malaysia Building Society Bhd.

By industry sector, EPF’s largest current exposures are in the financials (38.4%) and consumer staples (14.9%).

The sector that took the heaviest beating was banking, with a total of RM7.75 billion decrease yearto-date (YTD).

Interest in banking stocks plummeted as world financial regulators cut interest rates to keep their economies floating.

Bank Negara Malaysia (BNM) had cut a total 50 basis points (bps) this year alone.

According to Bloomberg’s data, EPF’s stakes in Public Bank dropped the most, amounting to RM1.4 billion within the last three months, followed by CIMB Group (RM1.3 billion), Hong Leong Bank (RM1.24 billion) and Maybank (RM1.17 billion).

Oil and gas (O&G) stock PetChem was the worst hit stock with RM1.63 billion lost in EPF’s investment value since January 2020.

The EPF in early March raised its stake in the company to above 8%, comprising of 640.5 million shares in PetChem after acquiring additional 5.81 million shares. It is believed EPF bought the stake from PetChem parent company Petroliam Nasional Bhd. The state-owned energy firm reduced its shareholding in a few of its subsidiaries late last year.

The increase in stake has led the stock to surge in stock price but the oil price war dragged PetChem’s share price down by 34%. As of yesterday, the company is trading at RM4.30 a share, valuing the company at RM34.4 billion.

Berkshire is a investment holding company, profits is collectively from companies they owned.

Go ahead. But bhy not buy crude oil, easy to digest the price based on supply demand.

Yes but it's actively managed no?

still need waiting.

I just realised that other banks had already fallen a lot and more than Maybank. In fact, Maybank gives the lowest capital return
I guess I'll be skipping Maybank until it falls more.

Yggdrasil so is PBB better than MBB?

I'm targeting 19 stocks in total. For now, Maybank, AmBank, RHB are not on my list because it has little capital gain upside.

Eyeing Public Bank, BIMB, Takaful, CIMB but still need to read financial statements. MBSB and Alliance Bank might be risky but return is very much greater.

Looking at non-banking stocks too.

did Teh ever mention what's the plan after his death to his shareholders? I think Buffett has some sort of plans in place, not sure about PBB.

Teh's children are not interested in his empire, right?

Any WhatsApp group in here?

You / I can make one if theres enough interest. Whatsapp / Telegram

I think no latest news since 2018 but I think they are working on it.
Here's from 2018's Annual Report.



I don't think so. But this can be seen as a good thing. Means they follow meritocracy not nepotism.
Genting you see family fighting over control and bailing out family members.
Sunway is alright since JC is grooming his children to take over and they did a pretty good job.

Bank senior management need approval from bnm and none of his immediate family has. his successor is likely a seat warmer.

sunway jc not nepotism?

JC did good job at teaching his children. Any complaints?

What about lim goh tong?

? Do you read news?

Only selected news services.

I'm surprised nobody asked this at the shareholders' meeting.

Yggdrasil maybe can buy PBB and attend the AGM, and ask them directly. I'm sure this question is on everyone's mind.

Shy leh. I'm nobody. Don't dare go in front of mic.

More info from 2018 AGM minutes




This post has been edited by Yggdrasil: Mar 19 2020, 08:57 AM

Chinese towkay PANTANG succession!

When you guys buy stocks do you minimise transaction cost? What is the minimum value of share you buy per transaction?

best is 8k otherwise at least 3k

CIMB very near your target now. Get ready your bullets

PBB is also not far away

I include the transaction fees to my average price.

Hehe

Public bank share price goes rm4 ... hmm ?????

bonus issue la bro.

Malaysian analysts have been upgrading Malaysian banks' TP.
Covid new daily cases have been dropping since Jan 8.
https://www.worldometers.info/coronavirus/w...hs/#daily-cases

US banks will do buybacks by end of March.

Buy when there's no interest yet. Get in early.
I personally think ambank and rhbbank are the better value per price picks. But, a rising tide lifts all the boats, so it doesnt really matter significantly.

I faintly remembered A and R banks were in a sort of unanswered scandals.

Try dig out some old news

I searched it up lol.
No wonder, they are so cheap, well the scandal has definitely provided a good buying opportunity.
IMO, ambank is better due to larger safety margin.

As long as the numbers are attractive, it is a good investment, people will forget about scandals.

https://www.bursamalaysia.com/market_inform...?ann_id=3195972



Do you do research on dividend reinvestment plan???


Alliance
Ambank
Hong leong no


Even mbsb bank have
Bimb also

None of the target prices hit ..

if you bought any of those when you were posting, huat loh