Lately with so little foreign fund participation, bursa movement has been really weird.

I just hope it return to some fundamental logic soon.

Even with a possible 100m impairment it is still moving up.

NPL NPL. Rate Cuts Rate Cuts. Still nono on bank for me right now.

P/E 10 is quite attractive, but during economic downturn, the biggest expose bank has the biggest risk as well.

Better to go in only when you see things start stabilizing and businesses start recovering.

So far there are a few corporate default. But based on the news, Allianz got hit the bulk of recent default announcement. How many more to surface we don't know.

But exposure wise in term of market size, sure Maybank bigger.