Today DT started sounding his import tax horn again
Someone seriously has to beat this guy to shut him up

Not end of the world yet bro, why la so kan cheong?
This one is nothing compared to 2007 la, if you were trading through that period then you know
Small small drop like this is expected, I just keep accumulating and collect dividends lo

Wei salary belum masuk ka? Beginning of the month leh, tak kan you finished up your salary liao?

Drop more buy more. This is Maybank we're talking about lol. Next target to buy 8.60. Prepare your bullets for the next trench. Drop more buy more, please have standby bullets to pick up if it goes lower.
Stay invested for the long term. This is not even 5% drop yet so not end of the world ya

It depends though, if the price drops to a yield level I am satisfied with, then I top up more.
At the recent price of 8.80, I bought in 3k units as the yield is accretive to my overall portfolio.
This time around, if the price does drop to 8.60, then maybe I would scoop up another 2k units or so. But I would usually scoop up at least 1k units at a time to cover my minimum brokerage fee.

You have got to overcome that man. Any possibility to readjust your portfolio to get Maybank? Liquidate stocks that have already outgrown their valuation and yielding less than Maybank? I personally took out a 15k loan from my credit card to fund my recent purchase lol. Interest rate was attractive so what the heck right?

The call for an impeachment inquiry is already starting to gain traction, we will wait for next month to see the actual vote count amongst the Democrats. In the worst case scenario, we would just have to wait until 2020 to witness his defeat. We hope for the best within this one year.

On to the trade war, it should not prompt the Fed to lower the interest rate just yet. Once the tariff starts kicking in, inflation will accelerate. The crucial number to watch would then be the GDP. I believe Fed would choose to watch the GDP figures over the next few months before deciding if they would have to proceed with further cuts.

The impact of Hyflux was already priced in 2 months ago, it was in the region of 0.20, just a minor % of Maybank's outstanding loan amount.

Yup, RM1.6b to Maybank is just a small figure, if we based on last year's profit of RM8bil, that is just around 20% of its annual net profit only. It means that the money can still be made back. If the case is 20% of Maybank's net asset, then that is a cause to be worried of.

Like I mentioned before, the impact has been priced in, as investors have already expected a full write off. We will have to see what happens coming 16/8, when Hyflux management will decide if a deal would be struck with Utico. If it happens, then Hyflux could be saved.

Well, I have to keep making my money work though. Keep on holding to cash is deteriorating my return rate. So like I said, if the yield is accretive to my overall portfolio, I will buy for the dividend. Short term weakness doesn't scare me off now, especially a huge conglomerate like Maybank.

I am just a small anchovy only la. Can buy around 10k each time only. The life of those who can keep buying in with 100k is really my dream la
The thing is that we need to have confidence in Maybank, especially at such valuation. Price around RM8 is a good entry price as historical PE is only around 12x. The PE for a huge conglomerate like this can command around 14x, so I believe the fair price should be around RM9.90. As such, I would take my chances, that is why I am going to take it slow to top up Maybank by going in 10 small lots each time from now on.

"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.

Don't be too worried. There is always opportunity when it comes to Tigerbank. Market is still unstable right now.
Most importantly is that you have invested in it.

Probably due to:

1. Russell decided to keep our bonds in watchlist
2. Interest rate is set to reduced again in the upcoming BNM meeting
3. Just a normal sell-off for profit taking (last DRP shares were priced at RM8.00)

But a 0.10 drop is just a veli small % for a share with pricetag of RM8.60 la (~1.2%)

Dividend and valuation wise, Maybank.
Public Bank for stability over the next 40 years (depending on the succession planning which is still being kept a secret).
I would still go for Maybank as the it has scaled over ASEAN, so potential of growth is still there.
Growth for Public Bank is limited to the local market (which is dead), unless the new successor plans to expand to regional markets. Then it will open up a whole new market for Public Bank.

Ah, correct also. Upon checking, yes PBB has operations in HK, Cambodia and Vietnam. But I can't stop to wonder what is the scale which they are operating at.
Having a presence in a particular country but if working on a small scale, it is just going to increase the cost to income.

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.

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.

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).

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.

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.

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.

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.

It's better to buy a bit first at current price, because it is very unlikely that the price could go down too low from this point. Even with a small cut in interest rate, the effect would be too minor to dent the price to drop more than 5%.
I am confident that Maybank would still be able to maintain its dividend rate at 0.55 for the coming year, thus supporting its price at current 8.60 - 8.80 level (6.40 - 6.25% yield).
The strong yield itself is already a very good reason to buy into Maybank.

As for the hope for Maybank to reach RM8, that is kind of a joke la unless one isn't really serious about investing into Maybank. Like another one guy in our forum who will only wait and wait for the price to hit his TP, it is just a wait while those who have entered would have been receiving dividends. Always remember that we can still average down when the opportunity arises, but once the boat leaves the harbour, no point to cry and complain that you should have bought earlier.

I have been averaging down a few batches but now my average cost is still 9.00, but I don't mind that much as I know I am still getting above 6% dividend.

I started late in Maybank, having bought my first batch at 9.65. Still working to pare it down a little, perhaps after the BNM meeting is a good time to buy more.
I'm expecting to bring the average down to a more manageable average cost of around 8.8x before the end of 2019.

Well said. We have the similar mindset. But I set my dividend rate lower due to my conservative portfolio currently. I set a more conservative 6% p.a. dividend and any possible upside will increase my accumulative yield.

I use Kenanga (with a remisier as most already know), so my brokerage is 0.60% with minimum RM40 per trade. So I do a minimum RM8k per trade, usually I would try to go for more than RM10k, but in Maybank's case, 1000 units per trade is sufficient.