tag:blogger.com,1999:blog-19741162.post333058791918301457..comments2024-02-22T02:33:21.869+08:00Comments on Another Brick in the Wall: Be firm on latest "bank run" attempt on LUTH A Voicehttp://www.blogger.com/profile/01780035743502972342noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-19741162.post-44410325875198522592016-01-28T07:16:45.957+08:002016-01-28T07:16:45.957+08:00anon 9:42 PM
I agree with u..
moron is just perfec...anon 9:42 PM<br />I agree with u..<br />moron is just perfect..<br />to cap it. stupid & idiot best describe them too..<br />don't you think so..?<br />think bro.. think..unless..hmmmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-4050380297119766332016-01-27T20:38:59.767+08:002016-01-27T20:38:59.767+08:00This comment has been removed by a blog administrator.Ayamnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-87117497036181423022016-01-27T18:24:11.972+08:002016-01-27T18:24:11.972+08:00you have to asked why is there so many leakages. t...you have to asked why is there so many leakages. the only reason is because the people no longer believe in the system. if people believe in the governance, check and balance and rule of law; not many leakages will happen cause the system will eventually be put in place.<br /><br />there will be a mechanism which will eventually put the wrong doer to be prosecuted.<br /><br />but how can anyone believe the system anymore when, after the new AG was appointed his decisions was glaringly against the norm:<br />1. rejected the investigation by BNM on 1MDB<br />2. free the Budu man from cowgate<br />3. rejected SPRM's investigation on Najib<br /><br />any thinking person won't buy the reasoning given by AG. Cash is only king for the people who have no moral and integrity; let alone to buy loyalty from Allah fearing person.<br /><br />Assalamualaikum. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-40449753437968464312016-01-27T16:09:56.528+08:002016-01-27T16:09:56.528+08:00Dear ABITW.
Out of 8.8 million depositors, 5% of ...Dear ABITW.<br /><br />Out of 8.8 million depositors, 5% of them holds 75% of the total RM58 billion deposit, collected by TH.<br />Therefore, same as in ASB, ASD...etc., there are people with tons of cash, deposited their money in TH, risk-free, without the intention of going for the Haj. Infact, these can go for Umrah, as much as they want, anytime.<br />If the makcik & pakchik withdraw their saving, TH would not be effected at all. It's those 'Orang-kaya-banyak-duit' that TH should be worry about.<br />And this is where, top people in TH, especially the politicians play a part. Who knows, those 5% depositors might have 'strong-cable' with them. That itself explain why TH have been paying 107% from its profits, 2012~2014.<br /><br />RD.https://www.blogger.com/profile/06318291442880190908noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-77552847820702908522016-01-27T11:07:56.185+08:002016-01-27T11:07:56.185+08:00Its no wonder the EX BAnker is an EX banker!Its no wonder the EX BAnker is an EX banker!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-64684940670998388772016-01-27T07:42:32.695+08:002016-01-27T07:42:32.695+08:00Do you need to be profitable, to pay dividends? Di...Do you need to be profitable, to pay dividends? Dividend cannot be paid from reserves?<br /><br />TH can afford to dish out dividends, so WTF should bnm and the anarchistic bloggers bother about reserve and all that nonsence.<br /><br />BNM shd know better than apply banking and trust fund standard on business conglomorate like tabung haji.<br /><br />If they need to match liabilities, then pay low divideng saje lah. When that happens, these bloggers will turnaround to make an issue of low dividend and inplicate 1mdb.<br /><br />All this is a politically motivated sinister move by kadir jasin, syedakbar dan highly likely firdaus abdullah is behind theblack blog.ex bankernoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-22995096725782834652016-01-27T06:53:27.950+08:002016-01-27T06:53:27.950+08:00Continuation
Also, the Bursa index at end Sept w...Continuation<br /><br /><br />Also, the Bursa index at end Sept was 1600 points but at end 2015, it closed slightly below 1700 points - this means that valuation of TH's equities investment at end financial year 2015 would likely be higher.<br /><br />In 2014, it had paid dividends and bonus of 8% totaling RM3.2b - the highest in 14 years.<br /><br />Thus to pay a similar 8% dividends and make up its Sept shortfall , TH would need a valuation increase from Sept to Dec 2015 of abut RM4.6 billion - or about 8% increase from the RM56.72b assets in Sept - which is not impossible.<br /><br />But whatever it is, TH deposits are protected by government so there will be no loss.to depositors.<br /><br />However due to overall weaker economy in 2015, expecting a similar 8% dividend would be very optimistic<br /><br />For example, in the last recession years of 2008-2009, the dividend was only 5% while in the years of 2001 to 2004, the total dividends were only between 3.25% to 4.3% only.<br /><br />Anyway, TH Chairman had already said today that TH will have no problems being profitable and paying dividends for last year and to wait for the official dividend announcements - so let's wait.<br /><br />The timing of the leak of these letters seemed to suggest an attack on TH Chairman and MP for Baling who is allegedly playing a part in the Kedah MB crisis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-44585487509465466212016-01-27T06:53:01.268+08:002016-01-27T06:53:01.268+08:00Assuming that the leak of BNM letters to Tabung Ha...Assuming that the leak of BNM letters to Tabung Haji is real, these are the facts:<br /><br />1) BNM is concerned that TH's assets as at Sept 2015 is lower than the amount of liabilities (meaning deposits by the depositors) due to weaker stock market performance.<br /><br />The letter expresses BNM's worries to TH that it needs to increase its reserves and strengthen its risk management.<br /><br />It is not a letter to penalize TH.<br /><br />2) BNM believes that the total assets of TH as at Sept is only enough to pay 98sen for each RM1 of deposits. This means that there is RM56.72b worth of assets to cover RM57.9 billion of deposits - a shortfall of RM1.158b.<br /><br />3) BNM says the reason for this shortfall is because between 2012 to 2014, TH depleted their reserves by paying more dividends than their profits - meaning paying RM1.07 for each RM1 of profit.<br /><br />This does not mean that the reserve money has gone missing but rather it has been used to more generously pay the depositors.<br /><br />4) It is likely that the Sept 2015 asset values used by BNM does not take into account revaluation of real estate assets as well as exchange rates - especially foreign real estate.<br /><br />As a general rule TH invests 50% in Bursa,, 20% fixed income, 20% Real Estate and 10% money market.<br /><br />Despite heavy criticism then, since 2013 TH had invested heavily in overseas real estate.<br /><br />With the appreciation in foreign real estate and the weakening of the Ringgit, TH had recently said that it had made 200% returns on its property investment in UK recently, http://www.nst.com.my/news/2015/12/115908/back-basics-tabung-haji<br /><br />TH is sitting on substantial potential revaluation gains that they will have to recognize at end Dec 2015.<br /><br />ContinuedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-28391058490444808942016-01-27T01:03:51.126+08:002016-01-27T01:03:51.126+08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-16519452511087784062016-01-26T21:06:04.781+08:002016-01-26T21:06:04.781+08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-29027757827846164542016-01-26T18:43:21.209+08:002016-01-26T18:43:21.209+08:00So the spread is truth?So the spread is truth?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-77923581049698565372016-01-26T18:38:40.327+08:002016-01-26T18:38:40.327+08:00I doubt the Police or SPRM can do anything anymore...I doubt the Police or SPRM can do anything anymore. Both are alreday compromised and results of any investigation will have no credibility in the present circumstances. I am sad because I have some savings in TH and I don't know what is going to happen to my money.<br /><br />Many other depositors I know are equally despondent over these recent developments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-6507875185825087602016-01-26T17:41:48.259+08:002016-01-26T17:41:48.259+08:00No need to make lousy analysis, because a lot of w...No need to make lousy analysis, because a lot of way to cover up ,see after this the Najib tamby will come out and say all ok we give out dividen but of cause all will come from government coffer that's a tax payer money .Anonymoushttps://www.blogger.com/profile/12628918803896769720noreply@blogger.com