Took hefty profit Will wait for another megasale...remind myself not to be greedy..every counter seems a bit expensive now..will wait for next megasale

Maybank got very good reviews from those so called expert technical analysers, but i think due to H1N1 it will red next week..

Good luck all

During last friday. Someone ensure the counter not drop to RED.

Yup...Saw that too..i'm going sideline, will wait for next week direction..i feel there's not much room to go up unless sentiment improves.

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i forsee this week will be either choppy or downward...hmm...a pullback of 10-20% possible ?

This post has been edited by Ka3tr0: May 17 2009, 09:48 PM

10-20%, do you think possible since most bank shares are in the up trend especially CIMB ?

When MAYBANK release their 1Q result?

ok, their report is out... when will they going to pay interim?
wait so long oledi

Already said no interim last Q, final need to wait until next Q, that one follow dividend policy.

So, how long need to wait ? Another Q (3months) ?

WTF...! half year no interim?
then need to wait for dividend? sick holding my money inside there for a long period...

Since Maybank announced BII take-over, everyone knows it will have significant impairment adjustment/loss and will affect Maybank result for a couple years, as Maybank board has said previous before they projected to take about 5 years or so before BII start to contribute or breakeven, if not mistaken.

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Added on May 23, 2009, 8:44 amThere is why when BII take-over issue being known (due to high acquisition cost compred to general market deal), Maybank share sink from 7-9 until current level,

This post has been edited by cherroy: May 23 2009, 08:44 AM

I'm waiting for Maybank share to go up to RM7 level again. I think it is possible since CIMB also can climb up to RM9.

Maybank's impairment write off is estimated to be about 700m to 800m in this Q. NPL provision could be also higher depending on the economy.

Maybank also has hgher borrowings ( higher interest expense compared to before )

And their foreign banks do not contribute much to their profits.

Next Q results could be ugly.

Correct me if i am wrong.

This post has been edited by SKY 1809: May 23 2009, 10:14 AM

If Maybank continue to deliver poor result, how other or CIMB doing is irrelevant.

It is Maybank itself needs to show good result which eventually set the footing at what level or share price it can be.

I know that company performance play a significant role in the stock price but i think Maybank share price is the lowest amongst the bank in Malaysia. So, it think there is still a room for the stock price to go up. Do you think CIMB is performing and the share price worth RM9 ?

still go RHBCAP after some of the comments looks like i should sell my share after my breakeven

I think no matter how u look at it, Maybank is definitely trading at the lower rung, even when not considering its peers.

Sure, the impairments / write offs could continue, but how low can it get? What is the bottomline? Not far off, in my opinion.
So for long term investors, this would be a good stock for this sector.

it depends on the econ outlook

i need some clarification on impairment/ write off definition in accounting FRS.

if BII starts to make good profit with sustainable share price, that means no more impairment , correct me if i am wrong ?

so forward looking, if global econ is in the midst of recovery, this appears to be prudent.

I think Maybank Singapore contributed to about one quarter of their profit or so (Maybank Singapore very small only) The rest

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Added on May 26, 2009, 5:27 pm1Q more, final should have some, if they afloat after the impairment.

This post has been edited by htt: May 26 2009, 05:27 PM

this counter shines these 2 days... now RM5.60 liao

time to get back my capital... look how much it will go up next week...