Thank you for sharing. I do agree with your method. As I say earlier, it is very prudent.

This post has been edited by SKY 1809: Feb 21 2008, 10:14 AM

We are all young, and working. If we have save some backup money, we can go all out. No need preparation

sold my pbb at 11.50 bought at 11.00 .. now at 11.70 ( so high )
how to buy ??
should have listen to my sister and keep pbb instead of buying genting.

as long as u earned liao...nvm la......now it's better for you to buy back when there is a big drop (hard to see it coming) or after ex-date for the dividend.....

at least u earned some during the weak market!

BTW...if i can prepare 2-5 yrs of savings..i think i need to wait another 10 yrs only can play share lo..hehehehe

This post has been edited by kinwawa: Feb 21 2008, 02:32 PM

In investment, a rule of thumb is to never look back and never be greedy.
If the situation is recersed, you would be thanking the gods instead

Actually I see some of the PBank investors are quite anti Public Mutual agents.

By right, people like Jordy and some agents who sold billions of funds that making Pbank stronger in time to come.

Do appreciate what Jordy has done for us. Thank you.

Gua also have some public mutual. in my pocket agent keep asking me to top up. advice me not to play so much on shares.
first encounter with mutual I bought on epf. now epf oledy penuh ( every 3 month i sign to top up) i add cash. but because it is crawling (mutual funds) and I got itchy hands , I think buying shares is much more fun..

I only play small time. don't have much money.

leaving a notes here...

PBBANK 50 sens dividend exdate is today
price is dropping, at 10.90 now

if I buy pbbank today (feb 27 at 2.00pm) do i still qualify for the dividend ?

not qualify. you must buy before the exdate. you should buy on yesterday.

This post has been edited by panasonic88: Feb 27 2008, 10:37 AM

tried buying at 11.30 yesterday but was not lucky
on the bright side, I have extra money for karaoke .

B U S I N E S S

Wednesday February 27, 2008

Public Bank aims to maintain loan growth

PETALING JAYA: Public Bank Bhd, the country's second largest lender, aims to maintain double-digit loan growth this year.

Independent co-chairman Tan Sri Thong Yaw Hong told shareholders at the bank's AGM yesterday that this was among the targets, which also included a high dividend payout that would continue to create superior shareholder value.

The group's loans increased 20% to RM101.4bil at end-2007, giving it a domestic market share of 14.4%. At the same time, its customer deposits grew 24% to RM138.8bil.

Public Bank's net dividend payout for the financial year ended Dec 31, 2007 is expected to total RM1.85bil or 87% of net profit.

Tan Sri Teh Hong Piow (right) and Tan Sri Thong Yaw Hong
Its founder and chairman Tan Sri Teh Hong Piow said the banking group would continue to pursue its strategy of high organic loan and deposit growth, and improve cost efficiency and asset quality during the year.

The group would also further enhance its fee-based revenue.

"While we are pleased with the strong profit performance in 2007, I wish to reassure shareholders that the Public Bank group will continue to harness its resources to strive for another year of record performance in 2008," he said.

Teh also said the group intended to maintain the rate of increase in dividends in line with the rise in the group's profits.

To a shareholder's question on the group's succession plan and the possibility of the share price falling if Teh sold his stock, Thong said Teh had told the board of directors that he had no intention of disposing of his stake in the group.

"Teh will maintain his shares in Public Bank," he said.

Meanwhile, senior general manager Leong Kwok Nyem, in response to a question from the floor, said Public Bank was in strong position to deal with any possible effect of a slowdown in the US economy.

Malaysia's economy, being more domestic driven due stronger internal demand as well as Ninth Malaysia Plan spending, would be more resilient to an external slowdown and the group expected its domestic customers to also be resilient for this reason, Leong said.

He said Public Bank also had no plan at the moment to sell its treasury shares or distribute them to shareholders. To date, Public Bank has spent RM1.27bil buying back 176 million of its own shares or 5% of the bank's paid-up capital.

Oh, it has been awhile since I last checked this thread.
I must take this as a compliment from an old-timer

I am very confident with PBBANK.
If the price touches RM10.50 by any chance, I would consider taking it.
I still need to think of accumulating my money, but PBBANK is considered defensive counter.
I need to weigh the pros and cons to come up with a solution.
Any opinions guys?

Jordy,

1) One strategy on accumulating the counter that you have strong confident on is to set a limit buy order at 10% to 15% below current price. So, you do not have to watch counter every day. If there is some kind of panic going on, it will hit your buy order.

2) Patient. Things will go BAD after GE. So, why are you in a rush to buy anything?? Do (1) and wait.

Dreamer

This post has been edited by dreamer101: Feb 27 2008, 11:53 PM

If I were given a choice to choose between Pbank and " others ", I would choose Pbank.

Pbank. Put your hard earned money to where "the trust and faith are ." The management works day and night for you. The track records are there for you to see.

Others might look good on paper but comes with a catch.

P/s > i assume you had given me the permission to talk.

This post has been edited by SKY 1809: Feb 28 2008, 06:12 AM

making another note...

PBBANK is moving downtrend after the exdate

today PBBANK closed at 10.40 while PBBANK-O1 closed at 10.50

i wonder will PBBANK goes below 10? if yes, i would like to wait for it at 9.80

I believe won't drop below RM10 for this current quarter unless KLCI crash again. Seems pretty strong above RM10.

crossing finger, let's see
please report in when you hit the "buy" button on PBBANK

Yes, very good comment there bro
Currently, I am still not going in yet because the time is way sooner than what I thought.
I would consider it after April.

Of course you have the permission to talk!
PBBANK is definitely a good choice, but it is still not the best.
Management wise, I really have no doubts in PBBANK.
We will have to look at the loan performance now.

You need to compare Apple with Apple.

Foreign Banks like Citigroup always trying their best for benefits of the shareholders, but comes with Sub Prime problem.

The best as you know in PM could be just one year performance out performing others.

To me, bank with Lowest NPL and high annual growth rate of 20% is the BEST.

Chinese do not believe in Good Sales figures alone. but also good collections too. There are so many people want to borrow from you if it is for "FOC".


Just my 2 sen opinion.

This post has been edited by SKY 1809: Feb 29 2008, 06:17 AM