scroll up a bit, see post 712 and 713

why not get the cheaper one?

This post has been edited by ante5k: Mar 11 2009, 02:36 PM

Agree with ante5k, as there are no diff...... get the cheaper one

Saw it, the dividend is the same. But I heard PBB01 is for foreign ? Don't really get what foreign means.

Pbbank -O1 is for those foreigners that bought it got voting right in it. Because they limit foreign shareholding (with voting right) up to 30%.

Foreigner still can buy Pbbank (local), but no voting right.

While Malaysian still can buy Pbbank-O1 which entitled all the same benefit with Pbbank (local).

So if both are the same and identical in term of benefit as shareholder, which one to buy? This answer I don't need to giv already.

Thanks, Cherroy.

Looks like all the doom and gloom on the recession is affecting the counter... I myself have quite a fair bit of PBB shares. Ouch!

Ouch indeed. How many lots @ what price?

What's your decision? Keep, average down or sell to cut more losses?

I think the counter's trend may continue to go south but its your call.

This post has been edited by Freelancer: Mar 11 2009, 11:21 PM

I also want to buy PBB share but too expensive for me.

what do you mean by too expensive

1. The share price is too high in terms of the valuation of the company based on the price. or

2. The share price is high in absolute terms, aka PBBank is expensive because 1 share is RM7.xx while KNM is cheap because one share is RM0.3x?

If you are thinking in the second way, then your are not thinking the right way.

Expensive based on current price of 7.x. I would think most of our bank share are overpriced! Look at US bank share and you need to ask why Malaysia bank share is still so strong!

Because we still have cash...?

Our bank don leverage like what us banks. We still have cash whereas US banks are facing liquidity problems due to the lenders not be able to pay their installment as their properties are overvalued. We cannot compare apple with orange.

This post has been edited by darkknight81: Mar 12 2009, 08:07 AM

Ooo....scary things happened..... as when ppl said that PBB is a fundamental stock and it it for long term investment...
so what happened today we have a low of 7.15.........

but back to 1997/8 if not mistaken, PBB hit the lowest in its history at 90 plus cents....
and later it bounced back to 2.00 plus plus and slowly marching....towards...3.00
and then later there was a merging between PBbank and PBfinance at 5.00 plus i guesss..
and the the share shoot up till 12.00

and in between this 10 years... those who performing cost averaging method probably still gain today but yet...
if no one sold them at 12.00 plus or above.... they are missing the boat....

now the question back to here, its share now at 7.00 plus so it is a good time to accumulate for long terms
or it is still too early due to the bear market still in the infancy stage....

probably many of us be it categorized as value investor or traders are targeting the price as lower as possible...
but yet how could we tell which is the lowest point, as most of us don;t want to catch a falling knife and also scare of missing the boats.... yet cost averaging at this moment still a good stategy, u got to tell me?

and back to its fundamental, as economy is still in cloudy situation...banking sectors are projected to be in disadvantage position, due to its biz nature exposes to all sort of industries....as they are the one who lend out money to those who borrow from them... haha what a repeatable statement i have... .
in summary 2 factors
Can it sustain its Profit / dividend payment in coming 1-3 years?
Can it maintain or prevent more NPL growing?

I have done a quick fundamental analysis on PB and the intrinsic value is around $9.50.

Factoring margin of safety to the IV at 30%, the price will be around $6.65. Most likely, I will only enter PBB is around that pricing.

Just a thought on my side

why ppl all of a sudden throwing pbbank shares ar?
they kena something?

Kamen Rider,

If SOMEONE bought PBBank at 97/98 at 90 plus cents, they would have collected enough dividend over the past 10 years to cover that 90 cents many times over. Why do they need to sell?? Their cost basis is ZERO. Their effective dividend yield is incredible.

I want MORE FEAR so that I can pick up more PBBank. I welcome more trader to sell their PBBank shares.

Basic rule of investing is

You sell A when you can buy B that provide better ROI than A.

So, if you sell PBBank (A), what would be your better ROI investment aka B?

Dreamer

P.S.: I am NOT a value investor as per PBBank. I am a dividend investor.

This post has been edited by dreamer101: Mar 12 2009, 09:47 AM

they have to raise tier 1 capital to shore up RWCR
market will punish them for doing that , if they dont do it, market will aslo punish them. Benchmark it with DBS, HSBC, MBB, so pbb is a bit late in doing it.
sentiment, look at the sentiment.
loan growth, fee income, NIM all under pressure

alfredfx,

So, all those questions are RELEVANT if you are

A) Traders

B) Invest because you want to sell it for capital gain

Now, for dividend investor like me, those are IRRELEVANT questions.

My questions are

A) Can they maintain their current dividend??

B) Can they grow their current dividend??

How much was last year's dividend??

I do not care about current market sentiment except if the price went down further, it might be time for me to buy more.

Dreamer

Dreamer, it is relevant. Think. Strategy. DY. Dilution.

Hi Dreamer,

Understand you are a dividend investor, and based on market sentiment, it is definitely not a factor to determine a sell...
as mainly you are expecting that PBBank able to sustain it biz and payout dividend or more dividend in future...

and basically, if the above assumption is correct, you are preparing to grab more when its share price plunges further...


But question on when to SELL? Know that there are many triggering points
a. Sell due to Capital Gain
b. Sell due to Company prospect not good
c. Sell due to personal need on the mony

My question wonder any one sell at RM12 due to reason b.