The great thing about PB is its a stingy Chinaman bank with a crazy low cost to income ratio of like 33% compared to normal Malaysian banking industry standard of 40%-50%, which means great ROI.

I do wonder whether it's conservatism and stinginess will backfire in the long run tho.. But now it's starting to look attractive price wise..

Agree, but the stingy Chinaman isn't going to be there for that long anymore, thus we need to see who would be taking over the throne and see what he/she does to it before deciding. In the meantime, Maybank is the better choice for the foreseeable future.

Below 8.50 close.. All these temptations come. when fasting.

Can buy batch by batch 😒

8.42 masuk masuk, one batch first

Delay no more

This post has been edited by donhay: Oct 4 2019, 09:50 AM

One batch already RM8k+, wonder how many batches can one keep going in if the price keep falling like this
Need to have VERY deep pockets to keep accumulating like this wor.

Why buy 1k shares when u can buy smaller 🤑
To ride the weakness of Maybank 😁

No choice, minimum brokerage fee is RM40 (0.6%), so had to buy RM7k worth to make up the minimum fee.
I usually buy my shares in multiples of 1k lots as I don't buy expensive counters (like Nestle, BAT or F&N types).

Oh okay..
U think that way...

Well for counters like Maybank or those u stated..
Needed to buy smaller.. yes. brokerage fee would eat.. think long term.. can cover back...

I don't know why u still use remisier..

I just put order at RM8.40. But I see a lot ahead of me in the Q, so let's see if kena.

8.40 already ,52 weeks low

Think of it this way. If I keep buying in smaller quantities, then everytime I will kena RM40. Buying 1 time big lot I get charged around RM60 on time (0.6%+SST+clearing fee).
If I were to buy in smaller lots, say 2 x 5 times, I have to pay RM40 x 5 = RM200 (not including all the SST + clearing fee).

I need to attend meetings, travel outstation for work, and some times I even get too busy shouting at people until I forget to check my phone.
With a remisier, easy. I just have to send one Whatsapp with my instructions and I'm done, no need for me key in many things and to keep following up all the time.
After all, my remisier have been serving me for 20 years already since I started trading in stocks. I don't feel it is nice to just terminate him like that.
For newbies who have just started with the remisier yes, can dump anytime. I started trading when Internet was still very new, when the stock trading apps were launched, we already built over 10 years of trading relationship.
I am a person with heart, not easy for me to dump a long relationship like this. If he stop working, then only I will stop using remisier and do manual trading.

I'm queuing at RM 8 and RM 8.30 .... actually not much difference.

Queued at 8.42 and got it matched within 2 minutes at 11am. Seems like hard to get at 8.40 as too many people queuing at that price, so I cut the queue a little at buy at 0.02 higher.

And here I first tot ur remisier must be lenglui.. 😆 But good lar u.

On banks, now seem chance of another Fed 25bps rate cut end of this month is much higher due to their weakening economic indicators. If so that will mean 3 x 25 bps cuts by them. Means possibility of BNM cut in Nov has got higher too.

On Maybank I noticed PNB has been aggressive selling. I guess this is part of their diversification effort. Epf has been picking up (n selling Public Bank). I follow EPF.. 😆

This post has been edited by Cubalagi: Oct 4 2019, 01:25 PM

You must have been very disappointed right? Well can say I'm stupid but that is my personality. I can't bear to tell him that I will terminate his long-time service just so I could save some extra coffee money.

I have been waiting for opportunity for a very long time, when opportunity comes knocking we hop on. It's ok if we get it a little wrong sometimes, as long as the dividend payout is still intact and better than FD.
And I too have noticed that EPF is continuously and consistently buying Maybank instead of their usual buy sell buy sell pattern.

Don't understand the rationale of buying Maybank or even Public Bank atm.

Come...try hard sell me...

RM40 or 0.6% looks quite expensive, as it hinders investors buying in small batch, which is an important strategy when buying at downtrend time for long term play.

With smaller batch, I can buy in various price from 8.40, 8.30, 8.20, 8.10, 8.00, 7.90, 7.80
I have better chance to buy or hit the bottom, vs the other person need to buy a larger batch, eg. at 8.50, 8.00.
Not to mention, better strategy maneuver in between. Currently, it is big bear trend, need to adopt small batch buying strategy, and avoid trap in too much capital in one or two go.

Even my own remisier (he can also earn 0.6% if phone over) also advise to key in myself to save the commission charge via online order. There is no different than key in order ourself vs the remisier keying in.
Just type in price and lot, then done, quite simple only.

Understood the concept. Here is the fee charged if I were to key in the order on my own using my broker's online platform.

"Our standard brokerage rates are 0.42% or minimum RM28 per contract. Other charges are stamp duty (0.1% round up) fees and clearing fees (0.03%). Standard SST of 6% is applicable to brokerages and clearing fees."

Still, I would get charged a minimum fee of RM28 @ 0.42%. Say, if I trade 300 Maybank shares @ 8.42, my brokerage fee would be 0.99% (min. RM28 / RM2826 = 0.0099).
In order to cover for the RM28 min fee, the value of my trade would have to be RM6,667. That is almost 1 big lot of Maybank shares

Malaysian brokerage fee is high, hence making it inefficient for small purchases.

Wah..

After attack Reits now want to attack Maybank pula.. 😆

OK let me sell you

Strategy is Buy now at RM8.42 (or whatever level next week). Sell when it hits RM10+. The Sell may have to wait a bit, could be next year or a few years after but it will get there. In the meantime, enjoy 6+% per anum dividends while you wait.

Good right?

This post has been edited by Cubalagi: Oct 4 2019, 06:39 PM