SOME Malaysia bank counters are extremely undervalued
Uptrend formed, next target for KLFI is 16200-16400
DeepValueInvestor
Publish date: Fri, 05 Mar 2021, 05:14 PM
Broke above the resistance with higher high, higher low formed today.
We should be able to reach the short term target in a month's time.
The worst for banks is over, start buying the laggards, some of the laggards are still super cheap in valuations and offer a damn lot of potential upside. Please refer to my previous blog below.
https://klse.i3investor.com/blogs/undervaluedbanks/2021-02-25-story-h1541261212-Banks_rally_soon.jsp
Will update the next short term target after the Q1 2021 target is hit.
https://www.theedgemarkets.com/article/maybank-ib-reiterates-fbm-klci-yearend-target-1830
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LOL, the current KLFI is at 15,452.74 as of 6 March 2021. It just needs to go up by another 5% ish to reach 16200-16400. We will reach there in less than a month (prolly less than a week).
@Flying Fox do you know how to differentiate between KLFI (Kuala Lumpur Finance Index) and KLCI (Kuala Lumpur Composite Index)?
2021-03-06 15:10
Posted by DickyMe > Mar 6, 2021 2:37 PM | Report Abuse
What is this? Homework?
==== >> dickyme
Don’t understand then don’t comment ! Make you looked like a “full”
Barking at the BeeDee Tree everywhere, yet without substance or substantiate
Ignore this T R O L L
2021-03-06 23:23
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Flying Fox
Is author from Mars? If he is not, he forgot to add something in the title
“Uptrend formed, next target for KLFI is 16200-16400 in 50 YEARS”
2021-03-06 14:36