Yes. They may want to retain earnings to strengthen their balance sheets if the NPLs grow.

Dividend ex date coming

You have to buy by end of Thursday to be entitled for dividends.

You buy Friday, you do not get the dividends.

By Friday, the price may or may not come down. Nobody knows.

Yes. They are entitled for dividends even if they sell on 10 Apr.

Imagine I double down on my investment at RM5. Now my ROI is 15%.

This post has been edited by prophetjul: Apr 8 2020, 12:33 PM

Why?

Good start.

https://www.bernama.com/en/news.php?id=1843828

Maybank Q1 net profit rises 13.3 pct to RM2.05 bln

KUALA LUMPUR, May 21 -- Malayan Banking Bhd (Maybank) recorded a higher net profit of RM2.05 billion in the first quarter ended March 31, 2020 (Q1 2020), up 13.3 per cent from RM1.81 billion in the same period last year.

Revenue soared to RM13.22 billion from RM12.98 billion previously, it said in a filing to Bursa Malaysia today.

The country’s largest bank by assets said its net fund based income grew marginally by 0.9 per cent, net fee based income rose 53.2 per cent, while net operating income increased to RM6.72 billion.

The results translate into a return on equity of 10.6 per cent and earnings per share of 18.2 sen, up 11.4 per cent from 16.4 sen per share in the same period last year.

Maybank chairman Datuk Mohaiyani Shamsudin said a steady result was achieved in Q1 despite the significant market volatility and disruption as a result of the COVID-19 outbreak.

"This is a reflection of Maybank’s resilience arising from the prudent stance we have taken over the years to build a solid foundation especially in terms of capital and liquidity.

"At the same time, we are pleased that our rapid response in activating our Business Continuity Plan from January itself has enabled us to continue serving our customers and creating value for all our stakeholders. The group will remain proactive on all fronts as we seek to ride through the impact of this pandemic,” said Mohaiyani.

Meanwhile, group president and chief executive officer Datuk Abdul Farid Alias said the Q1 results is not representative of the way the bank will perform for the rest of the year.

"The largest contributor came from the sell-down of some of our liquid assets and fixed income instruments, which was above the optimal level. This resulted in a 53.2 per cent rise in our net fee based income, which then lifted our net operating income by 14.7 per cent.

"While we still hold a large level of liquid assets, we need to strike a balance when selling them to ensure that it will not contract our net interest income, particularly in the current declining interest rate regime globally," he said

Abdul Farid said the bank expects the operating environment for the rest of 2020 to remain uncertain and sensitive to the kinetics of the pandemic as well as the outlook for treatment and vaccines, which will have implications to public health and economic policies.

"We will continue to help our customers whether the strain from supply and demand disruptions as a result of the sub-optimal market environment caused by the restricted movement globally. This will be very challenging," he added.

On loans and deposits, the group saw loans at its Malaysian operations grow 5.0 per cent year-on-year (YoY) in the first quarter, lifted by increases in both the Community Financial Services and Global Banking segments.

Maybank’s liquidity coverage ratio, meanwhile, was at a healthy 138.2 per cent, way above the regulatory requirement of 100 per cent, while its gross impaired loan ratio moved up to 2.71 per cent as at March 2020 from 2.48 per cent last year.

The group’s Islamic Banking business continued to perform strongly, with profit before tax for the first quarter 2020 rising 10.4 per cent Y-o-Y to RM990.1 million.

Its Etiqa Insurance & Takaful businesses saw an 8.5 per cent rise in Total Net Adjusted Premium on the back of a 13.3 per cent increase in Total Life & Family premium as well as a 3 per cent rise in Total General premium.

to da moon.

Buy Buy BUY!

It will be bad this year. Have you not heard?

https://www.freemalaysiatoday.com/category/...-than-expected/

You broker must love you a lot.

The fall in 2009 was much greater than this one. It went down from almost Rm13 in 2008 to Rm4 in 2009!

This time its hardly retreated.

Resistance?

Many say that all the time.

Never mind. Learn.

And what do you reckon the earnings to be? Book value may not change much.

Indeed. No way. You would be lucky to get around 50.

Depends on your time outlook.
i bought quite a lot at Rm4.3 in 2009 during the big drop in the financial crisis. So all in all a pretty good investment just on reaping dividends.

Bought another one paying 12 % dividend in the crisis. Went up 4 bagger later.