CIMB : Actively traded. Sharp dive with whatever support breaking. But ... the good news could be the selling might be over soon and technically, it might rebound. RSI at 13, it is ridiculous. Najib might be busy preparing for Raya and perhaps I should visit him during the open day and to ask him personally if he is having a fight with his brother. How could you let CIMB to bleed, brother?

CIMB shares dip on foreign investors' selling
Published: 2011/08/27

The recent decline in CIMB Group Holdings Bhd's share price was due to selling by foreign shareholders amid concerns of slower growth, says its chief executive, Datuk Seri Nazir Razak.

"I had expressed some caution over the environment and CIMB's intention to move cautiously and maybe, some foreign investors, interpreted that as slower growth. "If they valued CIMB for high growth, then maybe, they would want to reduce their holdings in it," Nazir told reporters after distributing 5,000 special CIMB Touch 'n Go Cards to motorists at the Gombak Toll Plaza, here today.

CIMB has a foreign ownership of 38.4 per cent.

"The share price is determined by investors. What we do is to manage the company over the long-term and also be as transparent as possible in terms of our strategy," he said.

CIMB's share price dropped a staggering 11.2 per cent over the week to close at RM7.04 on Friday and also marked a new one-year low.

Asked about a possible threat to growth in Asia due to the US position of instituting no new measures to boost the economy, Nazir said the probability of a double-dip recession is reasonably high.

He said a double-dip recession this time would affect the world and no economy would be able to offset the pressure as in the 2008 crisis.

"The bottom line is in Malaysia, we are fortunate that the banking system is robust and the economy is well-balanced. So, I think that even a double-dip won't be so severe in the country," he added.

Nazir said that people have to handle such an environment sensibly in terms of balancing their own finances and reducing debt. -- Bernama




RHBCap : The slling is not over. RSI 22 with everything pointing downwards. Watching at RM7.85, breaking this will be better. The volume is not really high(as of 23rd and 24th June) and we do need to wait for the dust to be cleared. At RM10, Maybank and CIMB were 'forced' to accept her but claimed it is too expensive. At RM8 now, will Maybank or CIMB be interested again? Perhaps RM7 should be cheap enough?


Tenaga :  Showing some signs of rebound in few days time. Checking at RM5.20 or below and and early signs of reversal, I will like to have her. Hopefully, by then Axiata taken profit at RM4.90-RM5 and to keep Tenaga.


YTLLand : Yes, I was waiting for a huge volume selling and yesterday, YTLLand came alive being no 13th most actively traded stocks. It has been looong time you dont see her at top-20. The selling might not be over yet, so we shall check her at 0.90 level. With RSI 13 at 0.94, at 0.90 RSI will be going to 10 level. FEAR factor? Game over?

Google-ad : I am glad that google has sent me an e-mail to let me know that my first cheque is on the way!! Yeah ... Thanks google and thanks to those click-click on my advertisements.

So there could be around 800 readers now visiting here. Out of the 800, by giving away 50% discount(haha ... like how some analysts pegging the fair values of some stocks - discounted values!), I could have around 400 regular readers now. Out of the 400 readers, 80% of them here only interested to read about THEIR stocks(rather than sharing and learning), that will be only ... hmm ... 80 readers!! Wow ... from 80 of them, I have the chance to 'coach' 8 of them personally. So that is only 10%. Hence, next month ... targetting another 10% for my SEPT trading class, that 80-20 concept which I used could be applied.

80-20 concepts works well in many situation. Only 20% of those attended courses will learn to use the system(s) well. Only 20% of the readers here are regular and appreciative. Haha.

6.30 pm : Just came back from a lunch appointment with my hard-working new turtle, BL who drove all the way from Kepong to Subang Jaya to have lunch(on him, of coz! haha) with me ... and I do have classes from 1.30pm to 5.30pm after that, ok? I am tired ... phew! talking about 'busy' and tired'.

So, what is the motivation for me to share it here? I am disappointed with some who 'demand' me to analyse some of THEIR stocks, demand updating some certain sector news, blah blah ... READ ME. This is a 'free' personal blog. Nothing to do with YOUR stocks la. Wrong channel, wrong place ... move on, ok?

But, I will still share my knowledge here, especially to those novices ...HOPING that could help them to LEARN and UNDERSTAND markets a little better. I was novice then, hoping someone could write about LEARNING CORNER ... and I feel so appreciative with such good humans, good souls which help me along the way in my learning. I do know how novices/newbies feel ... but do readers care how we bloggers feel, especially an Ah Pek like me ...

Please stop asking around what to do with your Salcon, Naim, Jaks, Scomi, Saag, LionDiv, YTLLand, E&O, KNM, AirAsia, MAS, DVM, KBunai and such ... no one could help you. If u still dont see me as helpful and do not even appreciate my TIME writing here, answering some questions(it needs TIME and KNOWLEDGE, ok?) ... what else can I do? I repeat ... I do not have qualifications to answer you. I do not have financial, economics, accounting, business, investments or trading background to answer anyone. Please understand that I am NOT selfish, ok?

Pausing from blogging ... off for holiday.

Happy Holiday ... I will take a break from market and blogging too. I will be going to Temerlor to teach a person and might be going to Kuantan again(any readers from Kuantan to meet up with? haha) ... and to drive up to Trengganu ... that is the holiday plan so far. By the way, I love Malaysia so much that I will certainly prefer to travel in Malaysia and will wish to travel all around Malaysia. My dream of travelling around the nation with a bike is still there  ... my Malaysia is 54-years old now, still a very young country ... so, HAPPY MERDEKA too.

Proud Malaysian,