Next 850...

Last 0809 from 10 to 4.

Now see see will have any crisis kick in or not.

maybe trend towards RM8 ex-div wor....

Hold horse guys.

May go more low incoming days

God bless finance 8ndex.

Almost got it... I was queuing at RM 8.50 since last week.

there's very determined (foreign) selling... 1m units thrown at one go at 52w low.

"I suggest averaging down every 5% drop if you believe in the company" - I would like to agree on this, but can I wait for 5% drop? I would like to keep reminding myself to be patient But from the looks of it, seems like 8.36 is closer to becoming a reality now. Haha.

"I suppose you are referring to the EzyCash that most credit card company's provide"
Nope, I don't take those short-term cash advance. I took a 60 months tenure loan at a flat 3.88% pa interest for RM15k, with equal 60 monthly repayments of RM298.51. Total interest payable is RM2,910.60 (19.40% over 5 years). So basically, I could stand to receive total dividend of RM4,260 (assuming a reduced dividend rate of 0.50 per year / 8.80, for a yield of 5.68%). That is already a gain of RM1,350 from just the dividends.

I would only make a loss if a) the dividend rate goes down to 0.34 per year (while share price stays at RM8.80) or b) if the price drops to RM7.10 (assuming no dividends were declared over 5 years).

I believe that it is practically a safe play with Maybank, I am not going to be greedy with this loan.

That sounds like a big amount of FD to unload on Maybank

Just 1 cent off your TP lol. You set GTD at 8.50 ah?

I believe this is due to the slide of MYR against USD, so foreign investors had to pull out funds to avoid forex loss. They will come back when MYR is set to recover its ground.

KLCI rebound! Lets go tiger!!!!

Not a rebound yet. Tomorrow will crash again judging by the downward trend of US stocks' after hours price.

Just slowly average down no hurry. A 1% up doesn't mean the worst is over.
Share prices will be like -2%, +1%, -3%, +2%, -4%, +3%, -2%, +1%, ...
Before you know it, you are down -25%.

This post has been edited by Yggdrasil: Aug 6 2019, 03:30 PM

I do the 5% thing. I also buy in batches - kinda like centering; I bought some at RM 8.66, and may get another batch at RM8.20 ex-div etc.

If it goes up, I've gained money. If it goes down, I get to average.

I also check the yields - 6.3% is pretty much a no brainer for me, although I expect this year's divvy to be in the 53-55 sen range.

2 more things to watch out for - Malaysia's weight on the WGB Index, and another possible 25 bp cut by BNM in Nov.

I'd call KLCI bottom at 1,600 though. I start buying index stocks at this level, though I still do maintain my late economic cycle 50% cash ratio. We didn't go on the global rally, so not much height to fall from either.

If KLCI breaks 1,600, it's going to be ugly. No eye see ugly.

If US/China crash, everything will crash regardless of how well a country/stock is performing including Maybank. Reason why? People panic.

In my opinion, most of Malaysian stocks are lousy and overvalued. Some even have P/E 40+. Most are being supported by EPF and other funds who are forced to buy these junk.

I feel KLCI is only worth around 1,450-1,550 but that's a personal opinion.

Agree. Very few sectors are globally competitive - now we are 2 core engines down - CPO and O&G kaput...

Why do we even invest in Malaysia then? Sometimes I do ask myself that.

I use Malaysia as EM exposure, hopefully will catch more growth here. For EM standards, MY is ok lah. Not awesome, but not bad either - there are certain standards that are very close to Advanced economies already.

I work in startups and Malaysian startups are very dynamic - there's hope for the future yet. We need to be able to fund them to retain them in Malaysia.

I don't think we'll crash yet though - Donald Dump still needs to get re-elected

On another note, still awake ah? Yggdrasil you run your own company is it?

Wow... Sudah touch 8.50 today..

Bila mau naik turun lagi ek

GDP still looking solid.. So I don't think there will be a BNM OPR cut next month.

https://www.thestar.com.my/business/busines...ace-of-49-in-q2

Buy... 😅

Lai queue at 830

finally got it at 850.

Next should be 800.

fuuh lucky I cancel my oder @ 8.50

try to Q @ 8.0

Haha.. Well done.. I think..or hope...😅

Im on holidays.. But next week if it stays this low I will sapu... Can't tahan already..

10 lots?