I think you missed the part when I mentioned "I use Kenanga (with a remisier as most already know), so my brokerage is 0.60% with minimum RM40 per trade".
RM28 minimum fee is for online trading, RM40 is for trading through a remisier. And my brokerage rate is 0.60%, so I have to trade to a value of RM6,666.67 to breakeven on my minimum fee.
By buying 1000 units of Maybank per transaction, that covers the minimum fee of RM40. So my transactions are usually above RM10k, except for Maybank.

Just enjoy the dividends and save up more bullets to average down if opportunity arises.
I bought my first tranche at 9.6x range, and has since been averaging down to 9.08. Still on paper loss now but the dividends could easily cover for that.

I bought at few stages from 9.60 to my last purchase at 8.42, so now I'm still in the red with average of 9.08

I started buying blue chip very late, my first purchase of Maybank was on May 30 2018, at 9.65 and has since been averaging down since. Bought over 4 tranches up to now at 9.45, 8.80 and 8.42 to bring the average to 9.08.

Even if Maybank goes to RM4, it will still bounce back one day if its business is intact, as proven from its history.
So I am confident and am ready to keep averaging down on Maybank if the price does go down. Just have to hold and receive the dividends my whole life

Yeah, time for Maybank to test 8.40-8.45 level again. Hopefully this time can secure more units. Need to reduce my average cost further down. Still at 9.08 right now

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.

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.

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

See? Have faith in the harimau. It will never let us (and EPF) down.
39 sen this quarter, that's the highest they ever distributed, even after accounting for all those new units under DRP. Hope this time they do not offer DRP to dilute the EPS and dividend any further la. Just take cash and go happy with it!

7.40 x 100 units = RM740, which is correct.
You have to buy minimum 100 units for every counter on Bursa, even for Nestle also minimum 100 units.
There is no 1 unit over here like in US as most of our shares are cheap enough. In US the shares can go to as high as USD300k per unit.

For the record, I bought some MBB at 7.42 on Thursday 23/4 as well just to average down my ABP.
If it goes down to below 7.20 (highly unlikely but possible), then I buy another batch.
But so far so good, managed to lower down my ABP to around 8.50-ish.

Maybank price have been heavily supported by our big brother. I'd expect them to keep supporting the price above this level.
It could go down to touch below 7.20 level again, but will be quick to rebound as witnessed over several occasions of selldown.
The last time it touched RM7 was on March 17th, and it quickly rebounded to close at RM7.36 making it green.

CGS expects 75 basis points cut lol.

A rate cut in current market condition does not necessarily mean further suppression of banking stocks as witnessed in the last rate cut which caught us by surprise on March 2. Most of the banking stocks ended the day green, and again closed green for few days after. Market situation has changed and I believe we have been accustomed to rate cuts that it is not affecting our emotions anymore. We are more interested to see the upcoming NPL numbers after the moratorium period. So brace yourself 6 months later, not rate cuts.

Well, the more they extend the moratorium, the better it would be for banks in a way (to control the NPL).
So yeah, let's see then, but I doubt so as they have already given 6 months worth of moratorium as opposed to just 3 months.

The pandemic has actually cause a bigger drop in price than the interest rate cut itself. And due to the pandemic sell-off, MBB is now at a very attractive price point already. A rate cut will not further hurt the wound that has been cut wide open.

So for those who were hoping to buy at RM7 today, very sorry for the disappointment.

It is setting its sail, it will sail when the wind starts blowing. Just waiting for that wind now.

Still can buy back at around RM7.40, why do you need RM7 so badly? If you are a long term investor with confidence in MBB, RM7 or RM7.40 also will be the same.
My average cost is still RM8.50, even if MBB pays 47 cents in dividend for FY20 (my projection), I would still yield 5.5% (2% higher than inflation projection).
Your cost of RM7.40 would still be yielding 6.35%, so why worry?

Yes, that one too. But the reduction after ex-date got offset by the rise in price prior to ex-date. So there is not a real discount.

Always reinvest because it is included in my compounding calculation.

I see. Your average cost is quite similar to mine. I feel that this is a good price point to start accumulating for the potential yield. MBB is a yield play.

Indeed, am waiting for that too. But in the mean time I start accumulating and average down my cost as I go. We don't know yet if the second leg will happen. So buy insurance first while the price is still affordable with reasonable yield.

I thought that e-dividend is a requirement now? As far as I remember, I believe that they do not mail cheques anymore. Statements, yes but not so sure if they still mail physical cheques.
All new accounts must be opened with a bank account now, so it should be a requirement.

I see. So I am confused as to what your question is all about then since you have been receiving your cheques?

I too have not been receiving any letter from my broker or any my dividends tax voucher too since the start of MCO. It's been 2 months since I last received my tax voucher. Hopefully they would send them all to me one lump sum after the MCO is over.