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DRP option for electable portion dividend of RM0.21 is online already. You may check your email or go online at Boardroom website, select corporate exercise and choose your reinvestment option.
Exercise price is RM7.55 which in my opinion is awesome.
A charges of RM13 payable online is applicable.
The newly allotted shares and balance of unelected portion will be payable to u in cash by transferring into ur bank account on 28/6/2021.
Closing date for DRP is 16/6/2021.
If you choose not to exercise this option, u can just ignore it and all portion of dividend RM0.385 will be payable to u in cash.
Stay safe & may the Tiger will bull run up to the Top. Awaiting the next awesome dividend payout.
@Benjamin Ang ,I recommend not to opt for odd unit as it is non sellable in the market. Choose with options of 100units. If not enough, I advise u to opt for cash instead. Hope this answer your query.
@Baymax thanks baymax for the suggestion, I read some articles also suggest that if the lot is not many better cash out as the gain is not significant.
But why not keep odd units for later? You'll still get divvy. Furthermore, there will be future DRP. You can accumulate until units of 100. Unless you don't intend to invest in Maybank further.
Example, although on previous QR3 Y2020 u buy @ 8.20, u will not lose now because the dividend yield is already 0.52. Bank always pay good dividend. Put it as your life savings. Year 2022 will be an amazing year. Cheers.
Inflation is a challenge for banks. Banks make money by selling loans, and if inflation is high then real interest might be extremely low, and even negative thus hurting earnings growth.
It is economy trend. Now interest rate is being suppressed to assist the affected one during this pandemic. Believe next year interest rate will goes up to par with the inflation rate. If interest rate dont goes up by then, the country economy will be unsustainable. And eventually with current vaccination speed, if by October ‘21 we can achieved immunity herds, year 2022 will be a giant leap in economy. Bank will be the most profitable then. Cheers, your money, your call.
here's a senario
retail suffer gov suggest borrow loan
to survive. next retail increase price consumers not happy spend less. in the end what do you think ?? big drama coming soon.
Target TP8.9 by many IB.. hope the Tiger will roar to the top. Blue chips counter will be the trend now. Investors now will start to go for profitable company, with good dividend and in addition to that, a lot of counters out there now with very low PE and will be on IB radars for the next trend.
Tommorow will see continue uptrend with next immediate resistant of 8.40 and 8.60
With this week a lot of bank giving out QR result, expecting hefty profit and declare dividends to the investors.
Hi all, am newbie and a question to the DRIP. Last DRIP was RM7.55, so does it mean we are getting the stock price at RM7.55 and it will average down my current holding stock price say at RM9? or it's just increase the number of my stocks only?
The 14 cents which can be opt for DRP, it is suggested that if you hold more than 10k unit of MBB shares only you might consider to utilize the DRP option. If not better off take cash as we dont want to have a DRP shares of less than 100unit as it is usually difficult to sell next time.
Looking at the play, this round DRP might be price at region of 7.80
Still maintained 1st TP at 9. Next year to 10.
Just my 2cents opinion.
baymax would like to ask for your advise, if let's say I'm a long term holder isn't that DRP wouldn't be an issue cause I'm not selling so soon? newbie seek for advise here..
Throughout the investing journey, there are some people who do not recommend us to apply for the DRP. One reason is that we will end up having odd lots after DRP is executed. Odd lots are referring to the lots that are not in a hundred share units, eg. 56 units.
In Bursa Malaysia, the share transactions are usually in lots, where one lot is equivalent to 100 units share. If we purchase shares in less than 100 units, for instance, 56 units, then we call that an odd lot.
Guys, don't need to worry about odd lots if you are investing for long term la. You can level off the odd lots when you intend to sell later. E.g. When odd lots is 56, just opt for 44 units at the next DRP lo. :p
Nathan, I think most of the above explanations is good enough for you to decide. Holding long terms would mean anything longer than a year. No matter what choice u make, Maybank has never fail me since holding from yr 2020 till now.
But of course capital appreciation will be a bit slow compare to CIMB. Each have its pro and con. Conclusion is buying bank stocks is not for speculative, its a long term investment.
Happy Investing.
As predicted, the DRP confirmed at RM7.80 for the 14 cents dividend.
Ex-date will be 22/9/2021 and option to respond for DRP will end on 11/10/2021.
You will be able to see the option form on 27/9/2021 at Boardroom Share Registrar and will be able to subcribe it online.
Balance 14cents will be paid in cash on 21/10/2021.
Unexpected news on the MoF instructing banks to work on interest payment exemption for recipients of loan moratorium for 3 months till end of December 2021 will have minimal impact to bank as bankers now is very strict and not everyone is entitled for the current moratorium like before.
this will only involve moratorium recipients in the B50 segment, which is the bottom 50% of all Malaysians in terms of income classification. The planned exemption from interest payments will be applicable for a period of three months in the fourth quarter of this year, so from October to December 2021.
Don't forget that the populist interest-free loan extension was first proposed by dap party politician nobita lim，teach him something about at the next general election.
DRP option is already available on Boardroom Share Registrar website. Remember for those who choose the DRP option, make sure log in online and do it before 11/10/2021. A fee of RM13 is applicable and can be paid online via FPX online. DRP price is RM7.80
Dividend bank in today.. Having my big meal today :) DRP shares will be listed tomorrow. Hoping for more to come. The Tiger is worth more than this.. lets roar..