Why lost hope? Keep accumulating dividends no good? If it goes down, more chance to average down and then when all these has passed, the stock will surely recover. We are not in a financial crisis so banking side is not at a high risk.

Ok la exaggerated abit, just felt bad always on the dark red side ;P

Cant wait to see the final divi (32 sen?), that shall soften my short term return.

Anyways im going to hold it for long term as divi stock, prospect wise i still love it so yeah it shall flourish when all the opr rates are back up!

Some analysts are now saying that the next rate cut could happen as early as next month!

Next MPC meeting will be on 3rd March 2020. If they cut, then OPR will fall to 2.5%. Last time it was at that level was in May 2010, not long after the 2009 recession.

To be honest, I rather they make another rate cut in March and be done with it for the year, rather than keep us in suspense until end of the year.

Maybe then it's time for me to buy a new car.. .

Don't think it's would be so soon for another rate cut..
I guess BNM is waiting & monitoring the impact from CoronaVirus first... Maybe Q2 only rate cut 🤔

or a new property?

Or property development stock

Yeah, have faith in our country's largest bank and the top cap company in Malaysia.
It has created such a branding for itself that the business is not just focused on Malaysia, but ASEAN as well.
As long as the business profits is intact, do not be too worried about the short term volatility.

I am of the same opinion that the rate cut might not come so soon. It is to be used as as ammunition in case the covid-19 disease gets too out of hand. So far, we are still quite safe with lower daily new cases being reported. Business wise, only certain tourism and hospitality sectors in Malaysia is affected, not across the board. So maybe BNM would continue keeping the rate cut as a standby ammunition for the next MPC before deciding.

Have you considered Matrix? Current price seems to have bottomed out. And yield is very attractive at 6.5% currently, which has been very stable for the past couple of years.

Yah considering. It's pretty solid. But also thinking if go in whether there is more upside in the bigger stocks like Mahsing or Ecowld.. Which has been battered more.

This post has been edited by Cubalagi: Feb 17 2020, 04:01 PM

I'm holding MahSing now.... feel like there's no hope.

Mah Sing is huge, but their projects are quite hard to sell because of their pricing strategy. And furthermore, the future of Matrix lies in its overseas expansion plan. I am having a very positive view of its future prospects of expanding into the development of Indonesia's new township. If their twin tower worked out well, I believe that the collaboration would go further into developing more major cities in Indo, with a huge untapped potential in the new capital city in Borneo.

The valuation of Ecowld on the other hand is a little higher than Matrix. I still feel that it is fully valued at this point, unless they can continue growing their underlying profits. Otherwise, the price would most probably stay within this range and with no dividend.

This post has been edited by Jordy: Feb 17 2020, 04:30 PM

Property cycle is long, so it's now still down cycle.

In 3Q19, Malaysian housing index went negative for first time since 2008 recession. And guess what? Mah Sing is also now trading at 2008 prices! So I'm looking out for a potential property bottom this year and with a slow rally.

Maybe the BNM interest rate cuts will be a catalyst?

Finally become shareholder here

Hi, I'm fairly new in investing.... I noticed that all banks' (except RHB) stock prices have been dropping since last year... was this because of our country's economy or something?

It's because bank hold investible assets like bonds, stocks, treasuries, money market instruments etc. There are several reasons why bank price fall, mainly:

1) Malaysian economy not doing well
Banks give out loans and profit from interest revenue less interest expense. When economy is in bad shape, the likelihood of these loans turning bad/defaulting becomes higher. Hence, profit is reduced. Lower profit means lower EPS which means lower EPS growth which means lower share price.

There is a new MFRS standard implemented few years ago that requires banks to impair loans based on expected credit loss. This means banks now need to recognise more provisions in advance, lowering profits further. This is why bank share price did not return to their highs 5+ years ago.

2) Global economy not doing well
Same explanation as above. Let's say Maybank invest in US stocks. Now US stocks fell. This impacts Maybank's balance sheet i.e. their profit from investment fell.

3) Potential rate cut
When economy tanks, the central bank may try to lower interest rate to increase spending. Remember that bank's profit is the net of interest revenue and interest expense. Now interest revenue is affected because banks charge lower interest.

Thanks very much for your explanation!

Maybank baby steps up since bloodbath on Monday.

Did I miss the 8.20 boat?

1155 MAYBANK MALAYAN BANKING BHD
Quarterly rpt on consolidated results for the financial period ended 31/12/2019
Quarter: 4th Quarter
Financial Year End: 31/12/2019
Report Status: Audited
Submitted By:

Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/12/2019 31/12/2018 31/12/2019 31/12/2018
RM '000 RM '000 RM '000 RM '000
1 Revenue 12,981,041 12,233,912 52,844,964 47,319,853
2 Profit/Loss Before Tax 3,263,604 3,095,595 11,013,880 10,901,346
3 Profit/Loss After Tax and Minority Interest 2,449,130 2,326,355 8,198,074 8,113,260
4 Net Profit/Loss For The Period 2,567,864 2,450,800 8,475,649 8,355,936
5 Basic Earnings/Loss Per Shares (sen) 21.79 21.05 73.45 74.20
6 Dividend Per Share (sen) 39.00 32.00 64.00 57.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 7.2563 6.8174


Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com



27/02/2020 01:00 PM


Ref Code: 202002273100170

Not bad. 39 sen

https://www.theedgemarkets.com/article/mayb...d?type=malaysia

If no virus n political uncertainty sure will shoot up to 9+..

This post has been edited by Cubalagi: Feb 27 2020, 02:37 PM

Is there a date that I have to own the shares to qualify for the 39 sen dividend?

Still lots of time. Need shareholder approval (which of course they happy to approve).

So watch out for final dividend announcent for the ex date. U have to buy before ex date to be entitled for dividends. Last year ex date date for Maybank was 5th June 2019.

This post has been edited by Cubalagi: Feb 27 2020, 02:55 PM