103820752
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(Kuala Lumpur News, 3rd) The overall performance of the banking industry in the second quarter of 2024 is good. Analysts expect that the net interest margin will stabilize in the future, and the prospects for profit growth are still bright, maintaining a "positive" rating.
In the latest report of Maybank Investment Banking Research, it is observed that in the first half of this year, the core net profit of the banking industry in our country increased by 9% year-on-year, mainly due to the continuous growth of operating profit by 7% and stable credit costs.
Therefore, analysts maintain a growth forecast of 7.6% for full-year operating profit in 2024.
This is mainly based on the forecast of domestic loan growth of 5.5%, an average net interest margin of 2.07%, a non-interest income ratio of 25.1%, and a cost-to-income ratio (CIR) of 44.7%.
Considering the support of lower crediting costs, that is 22 basis points, lower than the 23 basis points in 2023, we have raised our core net profit growth expectation from 6.8% to 7.8%, while the average return on equity (ROE) of the banking industry is expected to be 10.4%.
Question: Can maintain low inflation this year.
Analysts pointed out that the overall inflation rate last year was 2.5%. The bank's economists have already lowered their inflation forecast for 2024 from the previous 3% to 2%, and they expect inflation for 2025 to be in the range of 2.5% to 3%, due to the expected implementation of targeted fuel subsidies next year.
Although the current deposit interest rate has a positive return, given the prospect of rising inflation next year, it means that the central bank is unlikely to cut interest rates in the short term...
In the latest report of Maybank Investment Banking Research, it is observed that in the first half of this year, the core net profit of the banking industry in our country increased by 9% year-on-year, mainly due to the continuous growth of operating profit by 7% and stable credit costs.
Therefore, analysts maintain a growth forecast of 7.6% for full-year operating profit in 2024.
This is mainly based on the forecast of domestic loan growth of 5.5%, an average net interest margin of 2.07%, a non-interest income ratio of 25.1%, and a cost-to-income ratio (CIR) of 44.7%.
Considering the support of lower crediting costs, that is 22 basis points, lower than the 23 basis points in 2023, we have raised our core net profit growth expectation from 6.8% to 7.8%, while the average return on equity (ROE) of the banking industry is expected to be 10.4%.
Question: Can maintain low inflation this year.
Analysts pointed out that the overall inflation rate last year was 2.5%. The bank's economists have already lowered their inflation forecast for 2024 from the previous 3% to 2%, and they expect inflation for 2025 to be in the range of 2.5% to 3%, due to the expected implementation of targeted fuel subsidies next year.
Although the current deposit interest rate has a positive return, given the prospect of rising inflation next year, it means that the central bank is unlikely to cut interest rates in the short term...
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103820752
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103820752
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$SUNWAY (5211.BMS)$ What does Sunway PA dividend of 2.62 mean? Is it really a lot? Masters
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103820752
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Before and after the release of earnings reports, the company's stock price tends to experience significant fluctuations. This week, $PDD Holdings (PDD.US)$ and $NVIDIA (NVDA.US)$ have announced their earnings reports. During significant stock price fluctuations, investors can evaluate a company through earnings reports and technical analysis to make appropriate investment decisions.
How to read an earnings report? You can refer to our previous...
How to read an earnings report? You can refer to our previous...
![Stock price drops after earnings. How to deal with it?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240828/1724825947290-eb0a287547.png/thumb?area=999&is_public=true)
![Stock price drops after earnings. How to deal with it?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240828/1724825947568-e563c6f14a.png/thumb?area=999&is_public=true)
![Stock price drops after earnings. How to deal with it?](https://ussnsimg.moomoo.com/sns_client_feed/77777025/20240828/1724825947275-8ac7158246.png/thumb?area=999&is_public=true)
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103820752
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103820752
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Timetable of IPO
Figure 1: IPO timetable of SDCG
Source: $SDCG (0321.BMS)$ IPO Prospectus
-Will be listed on the ACE Board
Full Video for SDCG IPO (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 423.82246 million
IPO price: RM0.38
Market capitalization: RM161.05 million
Estimated funds to raise from Public Issue: RM45.09 million
PE ratio = 25.36x (based on FY2023)
Business Model
Figure 2: Business model of SDCG
Sour...
Figure 1: IPO timetable of SDCG
Source: $SDCG (0321.BMS)$ IPO Prospectus
-Will be listed on the ACE Board
Full Video for SDCG IPO (Chinese version) - YouTube
Info of IPO
Enlarged no. of shares upon listing: 423.82246 million
IPO price: RM0.38
Market capitalization: RM161.05 million
Estimated funds to raise from Public Issue: RM45.09 million
PE ratio = 25.36x (based on FY2023)
Business Model
Figure 2: Business model of SDCG
Sour...
![IPO Series - SOLAR DISTRICT COOLING GROUP BERHAD](https://sgsnsimg.moomoo.com/sns_client_feed/104849695/20240829/1724904087393-random6267-104849695-android-org.jpeg/thumb?area=104&is_public=true)
![IPO Series - SOLAR DISTRICT COOLING GROUP BERHAD](https://sgsnsimg.moomoo.com/sns_client_feed/104849695/20240829/1724904087888-random9235-104849695-android-org.jpeg/thumb?area=104&is_public=true)
![IPO Series - SOLAR DISTRICT COOLING GROUP BERHAD](https://sgsnsimg.moomoo.com/sns_client_feed/104849695/20240829/1724904088109-random8304-104849695-android-org.jpeg/thumb?area=104&is_public=true)
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$SUNWAY (5211.BMS)$
Is this the right way to draw? For all the bosses who understand drawing?
Is this the right way to draw? For all the bosses who understand drawing?
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![Wow! The reminder of RM 4.00 has been knocked 120++ times since the opening today.](https://sgsnsimg.moomoo.com/sns_client_feed/104384610/20240829/1724918049113-random5230-104384610-android-org.jpeg/thumb?area=104&is_public=true)
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103820752
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$SUNWAY (5211.BMS)$ I saw the chart today, it seems to rise today, but it fell below the average line again. Should I withdraw or hold on? What do you have? $SUNWAY (5211.BMS)$ Are you going to withdraw with profit or continue to hold on?
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![Can Sunway hold on?](https://sgsnsimg.moomoo.com/sns_client_feed/104384610/20240829/1724915348903-random2770-104384610-android-org.jpeg/thumb?area=104&is_public=true)
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103820752
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Hi, mooers!
This week, $SUNWAY (5211.BMS)$ and $IJM (3336.BMS)$ are said to report their quarterly earnings.
Both core businesses include property development and construction, which company will satisfy the market more? Make your prediction to grab point rewards!![]()
Rewards
● An equal share of 5,000 points: For mooers who correctly guessed the winner who makes the biggest % gains in intraday trading this week (e.g., If 50 mooers make a corr...
This week, $SUNWAY (5211.BMS)$ and $IJM (3336.BMS)$ are said to report their quarterly earnings.
Both core businesses include property development and construction, which company will satisfy the market more? Make your prediction to grab point rewards!
Rewards
● An equal share of 5,000 points: For mooers who correctly guessed the winner who makes the biggest % gains in intraday trading this week (e.g., If 50 mooers make a corr...
![Sunway vs. IJM: Guess the market winner for earnings week!](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240827/1724740098622-72d99e7a0f.png/thumb?area=104&is_public=true)
![Sunway vs. IJM: Guess the market winner for earnings week!](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240827/1724740087485-cf1b7fb4fa.png/thumb?area=104&is_public=true)
![Sunway vs. IJM: Guess the market winner for earnings week!](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240827/1724724845874-39139e12bc.jpeg/thumb?area=104&is_public=true)
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