Malaysian banks have been selling off for the last few weeks.

There are a lot of worries in the market, and government bonds which are the safest investment have been selling off too.

Maybank is now paying 6% assuming the bank pays the same dividend as last year.

Knowing that PNB depends on this dividend, Maybank will try its best to keep the dividend payout.

But in terms of value though, the options are much better now.

As long as Malaysian economy remain in shape, and people continue to pay their mortgage, the banks will be fine.

A listing of the Malaysian banks and their PB ratio (a value measurement) Affin Bank - 0.42x MBSB Bank - 0.45x Bank Islam - 0x56x Alliance Bank - 0.89x RHB Bank - 0.94x AmBank - 0.98x Hong Leong Bank - 1.05x Maybank - 1.30x Public Bank - 1.52x

Malaysian is sheltered from the chaos outisde its shore for now, and the Madani governement is trying its best to shelter the rakyat.

The Madani budget is still projecting a growth and if you are in the right place and the right industry, you can feel the tide is turning in Malaysia’s favour.

Malaysian banks will be a direct beneficiary.