Yes. That is what dividend stocks are for. CASHFLOW

The Tiger is running HARD!

Here is to hoping!

Yesterday?

Its pretty oversold. Depending whether you are an active trader or not i guess.

20th is BNM meeting? Maybe thats what they are waiting for.

People are going for fast trades.

5%? More like 6+% at today's price.

For full year.

This post has been edited by prophetjul: Feb 25 2021, 02:48 PM

Maybank expects loan loss provision to remain elevated, sets ROE FY21 target at 9%

KUALA LUMPUR (Feb 25): Malayan Banking Bhd (Maybank), whose financial performance was dragged by higher impairments has guided that loan loss provisioning is expected to remain elevated given the continued impact of the Covid-19 pandemic and weak credit environment across its home markets.

The Group's allowances for impairment losses on loans, advances, financing and other debts increased in its financial year ended 31 Dec 2020 (FY20) by RM2.3 billion or 101.0% to RM4.6 million compared with the previous corresponding financial year.

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The group is targeting for its return on equity (ROE) to hover around 9% in financial year 2021 (FY21), slightly higher than the 8.1% recorded in FY20. Looking at past data, its net return on average shareholders equity ranged from 10% to 12% for the five-year period between FY2015 to FY2019.

Maybank group president and chief executive officer, Datuk Abdul Farid Alias said today that economic recovery is expected to be gradual and uneven amid the pandemic containment measures such as the current Movement Control Order (MCO) which will impact business activity.

“Last year the economic activities that opened accounted for 30%, while this year is about 60% of economic activity. So it’s still not 100%. Therefore like last year when we saw a slowdown in growth in the first half, we will probably see the same this year. And with limited mobility, some businesses will be affected,” Farid told a virtual briefing following the release of Maybank’s 4QFY20 results earlier.

Loan growth is expected to gather momentum in line with economic recovery while net interest margins (NIM) should improve as deposits fully re-price, barring further interest rate cuts, said Abdul Farid, adding that Maybank expects the overnight policy rate to stay at 1.75% this year.

Group gross loans for 2020 came in relatively flat at RM523 billion, however the group’s Malaysian operations was the only home market to register growth of 4% to RM326.7 billion, outpacing the industry growth of 3.4%.

For FY21, Abdul Farid did not reveal Maybank’s forecast on loan growth, however he guided that it is expected to pick up this year subject to the country’s economic recovery.

“Even with the MCO last year, we were able to grow mortgage loans by RM10 billion, auto financing grew by RM3 billion and SME also by RM3 billion. So we are quite hopeful to see better growth this year, but there are factors that will determine that,” he said.

Dividend payout ratio at 91.2% for FY20
The bank today said net profit for FY20 fell 21% year-on-year to RM6.48 billion from RM8.2 billion previously, as it was hit by higher net impairment losses during the year of RM5.07 billion compared with RM2.32 billion previously.

Still, Maybank is rewarding shareholders with a 38.5 sen dividend per share, comprising an electable portion of 21 sen per share under its dividend reinvestment plan. Together with the interim dividend of 13.5 sen per share, the full-year dividend amounts to 52 sen per share, and translates into a full-year dividend payout ratio of 91.2%.

The payout ratio of 91% is higher than the 87.8% it paid in FY19, which Abdul Farid said was due to the electable portion.

“We have had this dividend reinvestment plan over the past few years in order for us to pay out more and give the option to the shareholders to elect whether they want to take cash or shares. Because of the ability to combine both, that’s why we have a higher dividend payout ratio. Assuming that every shareholder opts for shares, then our payout ratio would be around 39%.”

We hope that shareholders will opt for shares because that will allow us to issue more and strengthen the capital base of the bank. The rationale being is that in the current volatile market place, the higher the capital, the higher the liquidity and the stronger the bank will be,” he said.

Looking at the past five-year time frame from FY2020, Maybank’s dividend payout ratio was in the 70% range prior to FY2019’s 87.8%. It was 76.3% in FY2015, 78.1% in FY2016, 78.5% in FY2017 and 77.3% in FY20818.

Shares of Maybank ended 20 sen or 2.53% higher at RM8.09, for a market capitalisation of RM92.34 billion.

Looks llike people here are more interested in the door gift than their investment! LOL

How about discussing the AGM itself?

Door gift investors. LOL

Holding SG stocks is also very good too. Rising currency vs MYR

How will Maybank be affected by this?

https://www.theedgemarkets.com/article/cred...going%20concern.

https://sapuraenergy.com/press_release/sapu...bt-refinancing/

EPF will take some hit due to exposure to local banks.

Problem is they allow the bad companies to become so big and then collapse. They either wish to just assist the cronies or just do not care about the future of the rakyat.

EPF to the rescue?

Yeah. THe EPF is the biggest cash cow in Malaysia. 1 or 2 billion missing is a drop in the ocean.