Kian Leong LimThis is just my suspicion: I believe cimb share price drop to around RM6.28 is because this will be the price of cimb after the conversion of rhb and cimb shares to the new entity. see RM6.28*1.38=RM8.67. Even if you get the new shares of 1.38 times more, you still can not sell at a profit. They are deliberately keeping the CIMB share price low now for the sake of the merger. If you don't sell before the voting for rhb shareholders, you will be trapped!
activetraderFor those who bought at high price i would say sorry cuz u need to wait. and for those who bought at recent low i congratulate you becuz you will earn the money from those who bought high. :) cheers. Dont speculate too much. You only can get cheap price when there is bad news. Dont cry when it back to 7.00 level. Then you will say 'i should have buy it when the price dip to 6.28 :) My philosophy. 'Buy on dip not the green' :) cheers.
activetradermy hint to all of you. the rate raised on July will benefit their earning in the coming quarter :)
Vin CullenAlways remember.. Cimb Brother of PM... Do you think the counter will go deep more ??? :D Even Umno counter will low EPS...still can go up...Why ??!! Coz is UMNO !!