prudentinvestor

"Look at past records, RHB DRIP take-up rate were around 85%,
Logically, the DY = (0.15+0.15+0.10*(15%) ) / 5.50 = 5.72%."
@i3gambler, someone who has bought RHB Bank at RM5.50 a share and did not take up the DRP shares allocated to him would have received total dividend amounting to RM400 a year. His dividend yield is 7.27%. Your argument is specious. I subscribed for all the DRP shares offered to me and I gain an extra couple of hundred Ringgit. I also bought my RHB Bank shares at an average price of about RM5.50. My dividend yield is therefore slightly higher than 7.27%.

4 days ago

i3gambler

prudentinvestor
You must understand one thing, whenever there is DRIP, the total out-standing shares of the company will increase.
Therefore harder for the company EPS, DPS and price to move up.
Do not just look at the numbers of share you own, but the ownership in term of percentage is more important.

4 days ago

prudentinvestor

i3gambler, with DRP, RHB Bank's total dividend payable this round would be reduced by RM430 million, assuming the take up rate was 100%. It would need to issue an additional 88 million shares to its shareholders but it has an additional RM430 million to spare which it can loan out to earn interest. Maybank has 13 billion shares on issue and Public Bank has almost 20 billion shares compared to RHB's 4.3 billion.
Suppose my total dividend this round was RM10,000. I would be allocated 4,000/4.88 or 833 additional new shares which I can dispose of now at RM5.50 a share for a total of RM4,581.5. With DRP, I have extra RM581.5 or 5.815% extra.

4 days ago

stkoay

EPF bought & sold kaw kaw on 24/4/24.....morning rallied to 9.88 but closed 9.80 down 2 sen....lol.
.....pump & dump ? :p

4 days ago

Cslee1215

@stkoay, my AI says when he realised neighbour got more leng lui.

3 days ago

derricksyl

BUY AS MUCH AS U CAN ...... MAYBANK, RHB, PUBLIC & CIMB ....

3 days ago

kiwimelon

wta...has anyone receive the door gift thru email? any idea when the mail will come? tq

3 days ago

Kicapmanis

Wuttt..got door gift tru email ?

3 days ago

kiwimelon

then how r we supposed to get it? i saw its lotus voucher during live stream...but dont rmb the details. nowadays some companies issue e-voucher to us

3 days ago

stkoay

Door gift of e voucher will be in your e mail in 7 days time....

3 days ago

kiwimelon

@stkoay thanks alot :)

3 days ago

Kicapmanis

Need to attend or sign up for the agm?

3 days ago

stkoay

Door gift in already.
MBB is so efficient.

3 days ago

MULTIEVER

what evoucher you got this year?

3 days ago

stkoay

https://www.thestar.com.my/business/business-news/2024/05/01/reeling-in-reluctant-retailers

“Retailers are attracted by a ‘hot’ market but interest on Bursa has mainly been in big-cap stocks, which local institutional investors were buying due to a more positive outlook for the local market following the politically stable environment, higher investments and policy direction. “This has helped the benchmark index rise to a two-year high.

“Retailers are probably waiting for more certainty on a continuation of the trend before returning, but it could be a case when they might get hit by some profit-taking instead,” he said.

2 days ago

stkoay

Retailers normally like to buy high, hoping to sell higher :p

2 days ago

speakup

Bodoh fund managers! They should goreng up penny stock first before blue chip! Now CI super high, where got retailer dare enter stock market now.

2 days ago

jeffchan1901

@stkoay ASN withdrawal online transfer takes how long? I redeemed yesterday abd they said funds transfer by yesterday but so far nothing. how long did your took?

2 days ago

stkoay

I have not tried before, i understand it's 2 working days.

2 days ago

stkoay

Fund managers are very smart.
They know that punters have very limited bullets, so they go to the rich man's darlings.
....the heavyweights esp. the banks, that's where the money is and will continue to be.

2 days ago

stkoay

Banks also got different types, some attracts long term funds due to its' high yield....
....while some attracts punters going for speculative play hoping for capital gain.

2 days ago

stkoay

Few years back, I remember someone commented that MBB is only good for its' dividend while the "other one" is better at providing capital gain.
Now, it turned out that MBB is not only good for its' dividend but also its' capital gain.
The "other one" not only gave much lower dividend but also capital loss....its' current price is off 60+ sen from it's recent high 2 years ago.

2 days ago

stkoay

Comparing these two, it turned out that rich uncles and aunties are smarter than the old towkay and towkay so.....lol haha :p

2 days ago

Mabel

jeffchan1901 @stkoay ASN withdrawal online transfer takes how long? I redeemed yesterday abd they said funds transfer by yesterday but so far nothing. how long did your took?
01/05/2024 3:08 PM

jeffchan

Usually it's 3 working days..

Meow

2 days ago

jeffchan1901

@stkoay, @Mabel Thank you for the information. I also just called up ASN to check and they say that usually 1-3 working days. Since my withdrawal is huge, CS says most probably today or tomorrow. Loading up bullets for next dip. Let us all together sapu the low prices to force FF and Sharks to buy high and push up Tiger price.

-------------
stkoay
I have not tried before, i understand it's 2 working days.

----------
Mabel
Usually it's 3 working days..

Meow

1 day ago

stkoay

https://theedgemalaysia.com/node/710073

May 2): DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.

1 day ago

stkoay

Singapore biggest bank is doing well in 1Q, local bank with substantial exposure there should also benefit.....

1 day ago

jeffchan1901

yes, banks with exposure of foreign investment will do well.. either performance wise and also forex currency wise

1 day ago

stkoay

Standard Chartered
posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender.

StanChart, which earns most of its revenue in Asia, said statutory pretax profit in the quarter was $1.91 billion. That compared with $1.81 billion a year earlier and the $1.39 billion average of 13 analyst estimates compiled by the bank.

1 day ago

stkoay

Big Banks all sui sui :)

1 day ago

stkoay

Banks shares globally, from US to Singapore are rallying......
....Malaysia normally follows late....
....if/when FF returns, Banks should fly :)

1 day ago

stkoay

https://theedgemalaysia.com/node/710071

Investors scour the globe for shelter as Wall Street shakes.

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve (Fed) interest rate cuts to be revised.

"Diversification will be a lot more important going forward,"

Investors said the Stoxx appealed because it is stacked with companies in so-called value sectors such as banking and energy which benefit from steady global growth but tend not to suffer when borrowing costs rise.

The general macro outlook is supportive for a cheap, cyclical value market."

1 day ago

Pinky

While I'm currently holding Maybank (and my 2nd biggest holding after United Plantation), I'm hesitating whether I should shift some to CIMB.

CIMB pros - more regional exposure
CIMB cons - no insurer

Maybank pros - full-fledged FinCo, having everything under its wings. Everywhere in Malaysia
Maybank cons - upside seem limited from here

1 day ago

Pinky

But being everywhere in Malaysia also means higher overheads in maintaining less than optimal branches/outlets. Comments?

1 day ago

stkoay

@Pinky, CIMB is currently cheaper than MBB, lower PE n PB, but its dividend yield is also slightly lower. It seems to have better growth potential. Its CASA is growing stronger than MBB and is expecting NIM growth of about 5 basis point while MBB is expecting a flat or slightly lower NIM for this year

1 day ago

i3gambler

Maybank for high DY.
HLFG for low PE.

1 day ago

Pinky

Nahhh for HLFG
Looks like a value trap to me 😅

1 day ago

GreatDreamer

CIMB has more risky loan than Maybank. Any economic downturn, it will be hit by more bad debt than maybank (eg during covid pandemic).

1 day ago

i3gambler

Once it come out from the trap, it will fly. 😀😀

1 day ago

stkoay

My top 2, both sui sui :p

1 day ago

Pinky

Combo MBB+CIMB

Better than voluntary EPF contribution 😁😁

1 day ago

stkoay

Yes, one for stability and high yield...
...the other for potential strong capital gain....

1 day ago

jeffchan1901

Is it too late to get into the Sotong action now? seems the price almost 2 fold. Dont want to be stuck in Penthouse Condo. Any thoughts on this? If so, what would be the good entry price ?

1 day ago

masterus

No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’
Yellen’s remarks come as top US diplomat visits China and both sides scale up official contacts to keep relations from fraying

22 hours ago

speakup

when speakup bought cimb at 3.80, nobody promote cimb kuat kuat
when speakup bought cimb at 2.70, nobody promote ambank kuat kuat
aneh!

22 hours ago

masterus

China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns

22 hours ago

Pinky

I have AmBank, CIMB and Maybank now.

Only AmBank is seriously undervalued. Maybank and CIMB...will only buy when got sale or when I cash-rich until nowhere else to put.

20 hours ago

stkoay

@jeffchan1901

CIMB - EPS 65.46 sen - NTA 6.4066 - Dividend 36 + (special) 7 sen.......PE 10.13

MBB - EPS 77.55 sen - NTA 7.8474 - Dividend 60 sen........PE 12.62

Do the Maths, even price is high, it is still not expensive (comparable with the top 2 valuation)

18 hours ago

stkoay

Even PBB has dropped to current 4.10, its' PE is still 12 times, Dividend yield only 4.62% and its' NTA only 2.82.

So, high price is expensive or low price is cheap??
haha :p

18 hours ago

Mabel

https://www.theedgesingapore.com/capital/results/dbs-hits-milestone-100-billion-cap-record-1qfy2024-fed-stance

DBS Group Holdings has hit the milestone market cap of $100 billion after its share price gained this morning following yet another record net profit of $2.96 billion for the 1QFY2024 ended March 31, 15% higher y-o-y and 24% higher q-o-q.

The 1QFY2024 net profit is also well above a Bloomberg poll of $2.465 billion for the first quarter. While the year is still young, DBS may well meet and possibly beat FY2023's record-breaking $10 billion.

As at 9.16am, DBS shares changed hands at $35.92, up 3.01%, valuing the company at $102 billion.

17 hours ago