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  Valuvestor I know this is a bit off topic, but has anyone noticed that the CIMB Clicks app, now mandatory for approving most online banking transactions in Malaysia, hangs a Samsung handphone's internet connection after a few hours? If I install the CIMB Clicks app and then just leave my telephone sitting idle for a while, the internet browser on the handphone won't respond to requests to display new pages. If I remove the CIMB Clicks app, everything returns to normal. Has anyone else noticed this? 24/12/2022 2:18 PM stkoay Not true. I use a Samsung S20 and I use both CIMB Clicks & CIMB OCTO apps. 24/12/2022 2:57 PM Valuvestor Anyway, this is the response I received from CIMB when I lodged my complaint: "RM0 RM0.00 CIMB: Ref to feedback: 1-13470750956, please be inform that the CIMBClicks Apps has no impact to the user internet connection. Should you have issues with internet connection, kindly refer to your internet / telco service provider for further " When a user reports a problem, you do not go into denial. That's just a sure fire way of making sure that the problems accumulate. 29/12/2022 10:03 AM 2023BursaKing bank share price will continue to go up as interest rate expected to be increased over time amidst recession 08/01/2023 11:57 AM  speakup https://www.nst.com.my/business/2023/01/873891/cimb-group-see-nim-nii-growth-coming-quarters-says-hlib-research 28/01/2023 4:11 PM stkoay Kenanga’s top stock picks are Malayan Banking Bhd (Maybank), with a target price (TP) of RM10.40, for its persistently high dividend cushion and leading market share, CIMB Group Holdings Bhd (TP: RM6.40) for its resilient non-interest income stream performance, and Alliance Bank Malaysia Bhd (TP: RM4.20) for its strength in the small and medium enterprise space. https://www.theedgemarkets.com/node/653819 02/02/2023 12:53 PM speakup https://www.thestar.com.my/business/business-news/2023/02/17/cimb-niaga-pre-tax-profit-jumps-267-in-fy22 18/02/2023 10:42 PM stkoay No major changes in tax.....no new prosperity tax......capital gain tax for unlisted shares from 2024 under study.....cheers......next week, banks shares probably trade up. 24/02/2023 5:03 PM zhen wei & JP Uhm great stream of growth. May need another QR to adjust share price. 13sen which means payout of 50%? 28/02/2023 10:15 PM prudentinvestor RHB Bank final dividend 25 sen a share. Total dividend for the year is 40 sen. Share price only 1% higher. 28/02/2023 11:00 PM speakup Maybank hidden gem is Etiqa CIMB hidden gem is TnGo Public Bank hidden gem "was" THP 01/03/2023 7:48 AM masterus US closes Silicon Valley Bank in biggest collapse since 2008 By AFP March 11, 2023 @ 8:36am SANTA CLARA, United States: US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis. US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. Little known to the general public, SVB specialised in financing start-ups and had become the 16th largest US bank by assets: at the end of 2022, it had US$209 billion in assets and approximately US$175.4 billion in deposits. Its demise represents not only the largest bank failure since Washington Mutual in 2008, but also the second largest failure ever for a retail bank in the United States. 11/03/2023 9:44 AM stkoay NEW YORK, March 11 — The surprisingly rapid implosion of Silicon Valley Bank (SVB) has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion. SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble. A note from analysts at Morgan Stanley put it simply, saying, “We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity.” Treasury Secretary Janet Yellen described the US banking sector as “resilient,” while Cecilia Rouse, chair of the White House Council of Economic Advisers, also cited US reforms in arguing disaster would be averted. “Our banking system is in a fundamentally different place than it was a decade ago,” Rouse said yesterday at a White House briefing. Following the 2008 demise of Lehman Brothers and the ensuing financial meltdown, US regulators required major banks to hold additional capital in case of trouble. US and European authorities also organise regular “stress tests” designed to uncover vulnerabilities at the largest banks. Following SVB’s disclosure on Wednesday, investors punished the banking sector in total on Thursday. But by yesterday, shares in some larger banks posted gains. https://www.malaymail.com/news/money/2023/03/11/analysts-say-svbs-demise-a-sign-of-worry-but-limited-contagion-risk/59077 12/03/2023 3:56 PM stkoay After this SVB incident, may be potential depositers might reconsider where is safer to park their deposit....... .....it might be positives for the SIBs......to attract more deposits...... 12/03/2023 4:01 PM stkoay Just in case the Mat Terus don't know what SIBs stand for.... ...it is Systematically Important Banks...... ....they are Maybank, Public Bank and CIMB....... 12/03/2023 4:04 PM masterus New York’s Signature Bank taken over by state government, FDIC to protect depositors’ assets Signature Bank, which held nearly $200 billion in assets and deposits as of the conclusion of 2022, has been taken over by the New York State Department of Financial Services (DFS) in a moved designed to protect depositors, the agency announced Sunday evening. It’s the second major financial institution taken over by a government entity since Friday, March 10,when the federal government shuttered Silicon Valley Bank in California. Upon taking possession of Signature Bank, the DFS appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver, a move designed to protect depositors. Source: AM New York 13/03/2023 8:11 AM speakup If cimb bungkus, means economy damn bad and a lot of ppl will be out of jobs, including u 14/03/2023 10:00 PM stkoay MIDF Research maintains their ‘positive’ call on the sector. “We believe that any weakness is a buying opportunity, especially given that banks offer attractive dividend yields,” it said. Kenanga’s last call on the sector was ‘overweight’, noting banking stocks would be firmly held up by resilient earnings. https://www.freemalaysiatoday.com/category/highlight/2023/03/14/malaysian-banks-tumble-on-knee-jerk-reaction-to-svb-collapse/ 14/03/2023 11:02 PM masterus Credit Suisse shares tank over 30% after Saudi backer rules out further assistance Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day. Credit Suisse’s biggest backer, Saudi National Bank, has said it won’t provide further financial help for the bank. Speaking to CNBC’s Hadley Gamble during a panel session in Riyadh on Wednesday morning, Credit Suisse Chairman Axel Lehmann declined to comment on whether his firm would need any sort of government assistance in the future. 15/03/2023 9:47 PM masterus First Republic Bank was cut to junk by S&P Global Ratings and Fitch Ratings amid concern that clients will pull holdings from the lender, even after U.S. regulators pledged support for the banking sector. The California-based bank’s credit rating was lowered to BB+ from A-, and it remains on credit watch negative, according to an S&P statement Wednesday. Shortly after, Fitch cut the bank to BB from A-, a step below the S&P rating, and placed it on a negative rating watch. 16/03/2023 5:27 AM speakup https://www.nst.com.my/business/2023/03/889844/embattled-credit-suisse-shares-rebound-after-54-billion-lifeline 17/03/2023 8:15 AM stkoay “With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook. “There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.” https://www.theedgemarkets.com/node/659583 17/03/2023 12:47 PM masterus Stocks slide following Fed’s rate hike, Dow sheds more than 500 points: Live updates 23/03/2023 6:25 AM  JJPTR Credit Suisse collapse is just the beginning of more cockroaches to appear. 26/03/2023 12:02 PM JJPTR Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year High 26/03/2023 12:03 PM masterus If Fed and SNB bail out such troublesome bank, they need the central bank foreign reserves to be used. Mean central bank foreign reserves down. Mean?? 26/03/2023 1:41 PM  | |
