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If you think the price is not overvalued, then you can consider to hold it…why I’m saying that? First, the PE value is quite higher than average PE compared to other same industries company, then what is the reason to get higher PE? Second, you can have a look on the website you said, are they starting reducing on this year? Third, why our EPF or other government invest are throwing starting from this month? Are they seeing something that we can’t? From valuation, it is overvalued…From long term investing, a bank may earn money which he can loan to people and the major loan is in two area which is luxury item(Car) and House…so can an individual nowadays able to get more loan in these days? Rumah Lelongs are increase nowadays and bankruptcy even…so, what supported Maybank to earn money and keep giving dividends? It is a good question for all of us to brainstorm on it…
little red book ask to buy more might it becos this is the safest counter of all - bluechip, biggest capitalisation, MY infra project is rolling out, export growing (chips/AI related), Ringgit is stronger.....
As investor regardless of type, they know what they invest in. You are not there yet when asking 'What will happen if if falls?'. Keep investigating other stocks for your own good.
As I said, I just giving my point of view on why I think it is overvalued, if you think it is not, you may hold it…I have not seen before the scenario on stampede on bluechip in Malaysia yet but US yes…it is healthy to have a retrace
Valuation part is expensive because it targeted to give 80% of its profit as dividend. Most of time the Div Yield is around 6% n the company is growing.
dividend yield 6%,yes not stingy...but using up around 80% of income to pay off, what if the company not earning? everyone are aiming for the dividend not only us...so what supporting the dividend keep giving if the macroeconomic is worst in these days? if you are a long term investors, you can keep and long last, but we should think about is this company can be keep earning in next few years? Im not agree with it...
hmm…if you said that so, means that every stock can just rise up but cannot be go down? haha but is okay different people may have different view…not scare for investing in stock but valuations and I just giving my point of view, if you not agree with it then can show your opinion or just no comments on itXD…being sarcastic also not showing that you are good enough too…but nice to have discussion with you
1. P. E wise just slightly higher than its peers, not much though (similar to PBB) .
2. Div Yield consistently around 6% (Should compare to HLB n PBB) .
3. Business is growing rather consistently .... as such Dividend is growing, share price is growing too. Steady but not rapid. Not Yoyo like..... CIMB? Haha
If you say it's expensive, then other banking stocks are expensive too though in different aspects.
for sure, i may not expert and talented as you all, you may share your view and experience too...good view on dividend and share price rising topic, try to have a look in history of HSBC...btw when i said it is expensive, why you all have this big reaction, if you all are so confident in it? Banking stock is expensive now and I agreed with it