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David, for the 3 banks to agree to take up shareholding of this “dying” company is not easy. Unless some deal has been agreed upon behind closed doors. One thing for sure, power play is in place for this restructuring. Too much at stake if this exercise fail. Watch this space, it will be a happy ending for all parties.
Next week 17 Sept, Fed Reserve will announce if there is an interest cut or not. Market is putting a 80% chance of 25bps cut. If that happens, expect a bit more HOT money will come in.
Hopefully this round more will come to Msia as to avoid Thailand & Indon. ( geopolitical issue )
Blue chips like MBB is always the easiest pick for them. High liquidity ( easy to buy, easy to cash out )
With all due respect, my comment is only to highlight how much I have benefited from this investment. As well as to encourage others to do so ( of course with the extra monies ).
When & what price to buy is absolutely irrelevant.
1. Who can predict how the price will fluctuate tmr ? Even based on chart’s pattern. Nothing is certain.
2. If the price is hovering between 9 - 11 for the next 10 years, those who waited for RM8 will be forever waiting.
3. Looking at the bright sides, when you have to sell MBB share due to financial difficulties, at least you have this “good” shares to sell ( in times of need ). Like an auntie sell her gold necklace during bad time.
Maybank is the first stock I hold for long term.
During 2020, someone I trust told me, just buy only, don’t think too much. And I bought a lot between 7.30 to 7.80. Then tasted the first dividend. Continue buying until today.
Been keeping all the dividends payment receipt. Using it as proof of PASSIVE income for my mortgage application. 2 banks accepted it & offer their loans.
52+58+58+60+61+30 =319
Tell me, what difference does it make whether it hit RM11 or RM14 or RM9.50
