Horse stocks need tigers that can fly 🐯
#指数要上涨离不开银行股
In the past, when the index soared, Bank 🐯 and Public Bank 🏦 took the lead. Unfortunately, PBBANK's profit YOY has declined for two consecutive quarters. YOY fell 3.5% in the latest quarter, causing the stock price to drop 2.6% this year (10 percent dividend was paid in March).
Therefore, in this round of MAYBANK and CIMB, the two bank stocks with the largest assets stormed the index. With TENAGA and Yang Jia Shuangxiong, more than two-thirds of the increase in the index this year came from these five companies.
For the index to rise, the banking sector must perform well, because the banking sector accounts for 41% of the index. Yesterday, MAYBANK handed over its 2024Q1 results, growing 9.8% year on year. Turnover and profit are all record highs. Coincidentally, last quarter's PAT was RM2,388 mil, and this quarter RM2,488 mil. I also congratulate you 🎊 Malaysian Stock 888!
The total share of MAYBANK and CIMB indices is 23%. As long as these two companies stabilize and slowly rise, they can at least maintain the lower limit of the index. The remaining few bank stocks are assumed to be able to hand over single-digit% growth without lagging behind, and the market will basically stabilize.
Assuming that the rest of the industrial, medical, consumer, and telecommunications stocks stabilize, the index will still have a chance to advance north. Most importantly, the index stock opening results should be OK next week; otherwise, everything will be empty talk.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
7959Followers
12Following
14KVisitors
Follow
JACKmusk : g