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I think I need to set my target higher to achieve 200k units. 200k units can give rm100k dividend per year on average based on Maybank performance. Anyway more money will be printed.
I also stuck, idk I want to cut loss and go to gloves or just hold and average down haha
I think next QR a lot of sectors will be slowly recovering, but some sectors can continue to be more profitable
Hm... no idea. Just know interest is going to be low for few years, bad loan comes, political unstable, anytime forces bank extend memotorium or whatever... I think you should have some glove stock as well? I am actually quite heavy in glove
+1. even if MBB drop to 6, my profits in 3 glove counters can handle the heavy loss of MBB, PBB and TNB combined. just feel very sad I buy at Tuesday, I really don't know anwar news come out at Wednesday haha
Very bad timing haha
actually if anyone of us cant handle the fluctuation in share price, can consider investing in bond fund with annual returns of 5.5%, if want invest in stocks must aim at least 8-10% returns per year and manage to handle the fluctuation psychologically, cant go ard n complain abt the drop in price bcoz at that moment u bought the share u must admit that its the acceptable price to enter
Dip further would be good. if it is priced at rm6 (which is unlikely), u just need rm600k for 100k units for rm50k income generation per year. This not inclusive of capital gain. how this is not greater than rental properties?
My opinion bank sector is keep for long term investment ...current market not worth for short term/goreng ....worst come to worst situation, mostly merger with other bank ....MBB price drop due to current bad debt news plus no dividend .....but in long run will be fine
Goh - I hope it would dip but looking at current situation and latest QR, all the modification losses have been declared in the moratorium and yet they still profited. Unlikely to have high losses after this, I think prices will go up next month. the only factor it will dip is the changed of gov. other than that, I don't really see any of it. in Msia, I believe there is a defensive mechanism to protect banks price. that is why it is very difficult to drop another 10%. this why I choose maybank.
@Jun - that is interesting observation. Scary if they still profit after moratorium losses.
Final dividend will amount to 6-7% you reckon? with payout ratio 40-50%?
Thanks.
ishver - hopefully there is dividend at the end of the year. I think it will be 4% to 5% dividend (on the safe side) if the bank is giving for this year depending on the rest of the quarter profits. If there is no dividend, I assume that getting cheap MBB stocks is already a big bonus for this year because you need rm1 mil for 100k units back in 3 years. now u need rm700k to reach 100k units. Ain't that good?
for banks, mbb very laggard for capital gain compared to rhb, pbb, hlb, ambank and even cimb.
please refer to 5 year chart. only reason to be in mbb is for 7+ annual dividend
ishver - if u r looking for the capital gains, this counter is not for u. totally unsuitable. Go for healthcare counters for capital gains. don't waste time here.
Don't think there will be high percentage of ppl unable to service their loan based on feed back. Low bankruptcy rate unlike other western countries owing to the relatively low property price, low rental cost. I think the banking sector will be relatively o.k
