First you must know your goal to buy this stock. Is it for long term holding ( 3 - 5 years or even more) or short tem trading. What is your target price to sell? What is the price you feel comfortable to buy?



This post has been edited by darkknight81: Oct 2 2008, 09:34 AM

Darkknight81, my strategy is only long term investement, if possible I will keep forever if a counter can generate handsome return or capital gain each year until the market price exeeding its value. So I think only those strong fundamental corps are worth to hold. However, I find those strong as steel corps like PBB, BAT, Dutch Lady, F & N, Nestle....are too expensive to me. I do not have enough bullet at this moment But I don't want to miss this golden opportunity when I can buy cheap stocks.

So I go lower to Maybank, Genting, IOI, YTL Corp....But I am not comfortable with MBB performance. Shall I give priority to other counter like Genting, IOI and YTL ? I need your advice on Maybank before I decide my next step.

There are not much stock which can hold for long term in our KLSE. My view is stock at currently level are still expensive. If you really want to hold a good business which is selling at a discount . I can say it is still not the time yet. For me, YTL power are still ok as from my other topic as i think windfall tax will have a harder and more direct impact on YTL power compare to current financial credit crisis from US. That y i dare to buy last few months. Recently just recived the bonus share from ytl power


Besides, you can consider JTINTER , if you are a dividend stock player. Currently it was steady at RM 4.30

This post has been edited by darkknight81: Oct 2 2008, 01:53 PM

Jtinter been staying within RM4 plus for years which I think it is not growing, also I think most smokers prefer European products and I anti smoking. Most importantly I am convinced that people are quiting smoking habit from time to time especially in developed countries and Europe. That is why most cigerate companies focusing their sales in Asia.

I agree with you that most stocks are still expensive, but do you think the price can drop further ? As many investors and fund managers out there are hunting for good and healthy counters which are very limited here, due to low supply I doubt it would drop to a bargain point.

To me I think the stock price now is 30% off from market price, which is still far from what I look for at 50%.

This post has been edited by rayloo: Oct 2 2008, 03:52 PM

Jtinter is not a growth stock. It is an income stock which generously giving out dividend. Which means the earnings they pay back to the share holder. Where as growth stock they will reinvest the earnings for the futures growth/expansion. I also din smoke but we cannot stop ppl from smoking EITHER... you don buy JTinter does not mean that ppl will stop smoking either.

You invest by buying good business on a price that suit your own appetite. If the price does not meet your target you can wait and be patience. Thats what we call value investing.

Can anybody tell me that Maybank is valuable to buy?

Actually the valuation is very low at around 1.6 (price/NBV). But market worry about the 'contribution' they are going to receive from recent acquisition. Their foundation remain strong and should be good buy at RM6 region. And hopefully they are not going to repeat another BII

if you're long term investor.., you will not go wrong purchasing this stock..

intermediate target from CIMB - 8.16

I'm also planning to enter a few unit, for longterm.

maybank have been good in the past for it's dividend.. on par with Digi's..

maybe this year not a maybank year's judged from all the bad news..

but next year.. it will bounce back..

Just want to share, but I find the earning growth for Maybank is only 4.4% while Public Bank is 18.7%
Long term wise Maybank is not my choice, but maybe you could consider by taking advantage of the market sentiment which resulted the price decline to RM6.60.

See PBB price still stiff as rock at RM10.

Just my humble opinion.

But it worth to note that Maybank is the largest bank in Malaysia. The current turnmoil that they have with BII has rendered the stock cheaper.

My opinion, also find the biggest tree to rest.. So buy, but at what price you have to ask the sifus.

Maybank is the largest in Malaysia, but comparing to the world ? Or maybe Asia ? Or maybe South East Asia.....it is still little that needs protection within our territory. Don't forget the globalisation we are in now. What I see BII in Indonesia is the huge potencial Islamic Banking business. If well managed strategy who knows MBB will become.

Just my 2 cents...

This post has been edited by rayloo: Oct 5 2008, 05:14 PM

I think more people are interested in Maybank because of short to mid term speculation/trading purposes due to the share plummet after recent acquistion saga.

For really long term investors, normally people will take into consideration that company is taking care shareholders benefits as much as possible while provide good return to the shareholders. But recent acquisiton saga didn't show they are fully taking care of shareholders benefits by buying at 2x higher than market price. My opinion only.

i wonder how can it reached 8.16 at current market... 5 years target price ? How can you say next year it will bouce back? Any reason behind?

Being the biggest doesn't guarantee you anything, but government's bail out when failed.

The valuation is consider cheap by KLSE standard, but based on the earning, you might be surprise that MBB is trading almost like DBS, UOB or OCBC in SGX. Not forgetting it is not as solid as them. I felt being oppressed as minority shareholder in their recent acquisition as well, don't think any bank will value BII in the way MBB value it, I really hope I am wrong on this.

This post has been edited by htt: Oct 6 2008, 01:36 PM

laugh all you can.. ..

but... people tend to forget....! when market recover.. when maybank report their Q4 earning.., price will move again..!

then.. when institutional fund comes back.., they will 1st look through stocks that historically performs well.! and maybank is one of them.!

history never lie..! strategist and investor also based on historical statistic to make their investment decision..

when time come.. we can re-visit this thread back..

No, we are not laughing on it, nothing to laugh on. The major concern about is, it is not taking care of shareholders benefit by expensive acquisition. Sellers (Temasek) even get give you discount after first deal collapse due to BNM refusal sum up it. FYI, it is acquiring 2x more expensive than market price.

Maybank for the last 5 years did perform below par compared to market average or indices.

The data obtained is after adjusted bonus and dividend, data obtained through N2N
When market low time 2002 (Sars broke out)

Maybank was 4.00-4.20, now 6.50
Pbbank was 2.00-2.20, now 9.80.
IOI was 0.85-0.90, now 3.90
Genting was 2.20-2.30, now 5.30
BAT was 19-20, now 40
Tanjong 5.90-6.00, now 13.30

Infact, when KLCI was at historical high of 1,5xx time, Maybank is one of major laggard in the index which hinder the index to register higher level.

Investors particular instituitional invest in a particular a stock because of its future earning looks good and promising. History is past, it never dictate how a stock performs in the future. Fundamental can be changing overtimes depended on economy situation.

Don't mean Maybank is good or not good in the future. What important for stock price is the future earning of the company. If Maybank can show it, then surely its share will rise. But, just recent acquisition saga did raise a lot of concern.

Just my 2 cents.

This post has been edited by cherroy: Oct 6 2008, 06:03 PM

Last time it use to be in one of my favourite list.... After looking more thoroughly, it is not so good indeed....Yes it looks good from outside....

Like what cherroy said... shareholder benefit is one of the priority when you choosing a stock....
You must remember when you buy in maybank you are just a small ant.....If the major shareholder does not take care of your benefit... basically you cannot do anything... what you can do is sell off the stock maybe to show your distress....Don be too optimistic in stock market...Think of all the bad side of the stock before taking care of the good one.....Basically is the person who is too optimistic will end up loosing all their money in stock market.... Once they realise it will be too late already...

Mind you ppl who invest are looking for that company futures... not the past... the past already past ok...

IF we can buy stock base on past performance it is damn easy everybody can get rich already.... Thats y in stock market there are ppl who always loosing money as they have this type of mindset....

This post has been edited by darkknight81: Oct 6 2008, 07:48 PM

But not without some plus for the new CEO, I can see Telekom customer service improve under his leadership (although still far from satisfying). If he can do the same to MBB, they might still have chances. Given current price (MBB drop from approx. 10 to 6.55, while PBB stay still at approx. 10), there might be some upside, just the way they treat their minority share holder irked...

I got some funny feeling on this counter, the share price before the acquisition is around RM8.20 (approx), now 6.30, dividend 0.20, total number of share = 4.9b (approx). Then the market value lost is 4.9b*(8.20-6.30+0.20) = RM8.33b. This amount seems near to provide 100% loss for the BII purchase (Lousy it might be, but don't think it not even worth a dime ). Is market over reacted? Of course this excluded the recent KLSE plunge... Just some hypothesis only.

And latest news, they might get another discount on purchase (from other parties), maybe another RM200+m, think the sellers are so eager to offload this hot potato...

This post has been edited by htt: Oct 7 2008, 03:04 PM

well said darkknight..

agree that we should look into future plan also..


This Wahid always carry good track record to wherever he go. Good reputation, good for maybank. Whatever he do know, maybe he try to do firefighting (i.e to minimize losses for a decision that was made before he's on board)..

And from news so far, it is clear that Temasek is pushing maybank to get this deal go through..., and i'm quite surprised that maybank choose to accept the rebate offered.. !

If I were them - I would choose to loose out the 400++mill deposit put rather than lost the other 90% more (total 4.6billion) on this deal...

let's just hope.. maybank can quickly capitalize this purchase and go on re-branding exercise soon after dust settled.

mind you - with BII wide network of branches across vast Indonesia.. and with millions of legal + illegal indon here in our shores.., maybank might just creating a great expansion plan here..

even here in malaysia - you can't deny that maybank provide the best Internet banking experience so far.

hate it all you want.., me too (for the matter of fact).. I do chaste them for all kind of charges they put on us in doing our transaction online or over the counter.. , but they got the upper hand - the service efficiency and the most list of online payee for paying your bill.

imagine maybank expanding this online service to across indonesia..

HAHA Are you serious? No way they are the best. Even Public Bank's Online banking is already 2 times better without the lag. Maybanks online was one of the first to start and get the ball rolling but they have not improved on their original interface or even tried to increased their bandwidth to cope with new customers.