Have cleared all my CIMB position in the meantime, I agree that pull back will be a good opportunity to re-enter. Waiting for it to go back at RM3.50+ level will be great but think might be difficult

The run up recently is too fast too furious without sufficient fundamental support, Monday will being it back to reality level and I think will remain down for the rest of the year.

Today will be looking at the financial budget, gut feeling tell me to stay sidelines today and tomorrow for prices to withdraw after yesterday run up until it stabilize before going in.

EPF dump CIMB to buy sinking TG....

Took profits and am out until the moratorium thing is clear. Will re enter again at a point when things are clear.

Does anyone knows the date to pass the budget in parliament?

This gov can sacrifice everything and everyone as long as he kept themselves in power. BN is known to be legendary corrupted and they think that they will win if GE is call? I will say bring it on and see how many no backbone and backdoor Ministers and MP will be voted out. Honestly aren't you all tired of all this? No political stability means no stable economy.

KLCI is the poorest performance index in East Asia, all this will have to thank the stupid politicians. Extending the moratorium for all sectors is not going to help the economy, it should be targeted for only those that need help. Getting the vaccines and get the economy up by opening up should be the key...stupid politicians are playing politics at others expense.

profit takers took their profits, if you re enter 1 hour back, you will be good.

Afternoon will rally back to yesterday closing or even gain a few cents, it is still hot in general market, volatile will presist for a few days before adjusting to normal market condition.

Re-enter again for afternoon rally.

Stock price this few days will be volatile, banks will continue to climb after profit taking and price stabilised. Still good for long term holding for next 18 months, better then leaving money in the bank.

Took profits in the mean time but will collect again once the price stabilise. The next catalyst for bank stock to move up will be earning result, it should basically be better than last quarter after moratorium had ended although it may not necessary be stellar. Camping here to buy more.

When recovery play are in, earning results become irrelevant as earning are already in the past and you are buying into the future which will be what it will be earning in future after recovery.

Bank stocks also rallied. JPMorgan Chase, Bank of America and Citigroup all rose more than 10%. Wells Fargo traded nearly 13% higher.

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S&P 500, Dow Jones hit record highs on coronavirus vaccine optimism

By Reuters | New York | Last Updated at November 09 2020 20:22 IST

Topics S&P | Coronavirus Vaccine | S&P Dow Jones

     

The Dow Jones Industrial Average rose 1,144.50 points, or 4.04%, at the open to 29,467.90

 The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.

The Dow Jones Industrial Average rose 1,144.50 points, or 4.04%, at the open to 29,467.90.

The S&P 500 opened higher by 73.60 points, or 2.10%, at 3,583.04, while the Nasdaq Composite gained 151.43 points, or 1.27%, to 12,046.66 at the opening bell.

https://www.scmp.com/news/world/europe/article/3108924/astrazeneca-ceo-says-coronavirus-vaccine-could-be-ready-december?utm_content=article&utm_medium=Social&utm_source=Facebook#Echobox=1604769434

Vaccines is coming, if Dec is not soon enough for the nay sayers, I don't know when is consider soon enough. This is good news for the financials and most others sector except rubber glove. Hold on tight to your CIMB and carry on waiting for those wait for 1.50.

Financial will be back in play while rubber gloves days are over. Once vaccines become common, order cancellation will come fast and furious. And those calling for RM1.50 CIMB can continue to be sour grapes...

CIMB Niaga announcement of 3rd quarter result is not too bad considering this pandemic. I maintain that CIMB has been undermined and its worst days are over. I anticipated vaccine announcement by the various countries and WHO by end Nov and CIMB back at RM3.50 level by Dec20

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103157

Perodua records highest ever monthly sales in Oct – 26,852 units beats previous record set last month

The economy may not be as bad as what is expecting, only sectorial areas are affected and hence earnings may not be that bad. News continue to report economy recovering.....so let's see how this will play out. my guess is CIMB oversold, worse days may be over.

If the quarterly result is above expectation, then all the bad things will be history and wait for vaccine news for recovery play on financial sector.

This is not a financial crisis like 2008, this is a virus and health issue, once the vaccine is announced, the end will be in sight and it be be the end of rubber glove play. Bank is still profitable, no one can stop you from wait for lower price, the question is can you get it.

Macro environment is not conducive for share market, lack the market upside catalyst. Until vaccines and recovery news are out, market will remain depress

If you are planning to invest, the price is now at record low and good time to get in. If you are speculating, wait for vaccine for covid announcement and some speculative play from rubber glove will shift over to the financials. Don't expect to buy now and earn fast money, not going to happen.

CIMB will not go up if no big funds is going to buy in, neither will it move down any lower than RM3.00 as selling has been for. Wait for good news to spike up.

Just when buying up seem to start, the selling will thrown in a big way.

How does the listing of Mr DIY will impact the earnings of CIMB in the coming quarter?

Sorry... I meant PB is 0.5.

If PE at 0.5 is not cheap, please find me another bank at this PE. Earning have ups and downs, but it is still profitable and not in the red. Its fine if you are not into CIMB but at this price still not consider cheap then you must be a cheap person to begin with.

I believe it is due to the write down of loans exposure to some oil companies in Singapore that have affected the earnings of last quarter, but from next quarter onwards the earnings should improve, especially with the shares listening of Mr DIY.CIMB moving back to the 5 Ringgit level will be inevitable. Patient is the key here, by end of the year, I expect it to be back at around 4.00

All the bank closed green except CIMB, it is disappointing indeed.

The group in EPF whom disposed 12 millions share will either have to be fired or have to get their head check.

Banks are companies of the country economy structure, while rubber glove is just one of the industry sector that is riding the pandemic wave. Rubber glove has already priced in the premium factor the madness will kill a lot of people chasing the speculation. It will be a joke in this country if rubber glove company is worth more then the banking industries.

Just as expected, once the big players have off loaded in big volumes, the market will go back up with small volume investors. When EPF and others institutional investors come back in, the recovery will be sharp and furious. Downside now is limited, while upside is unlimited, it can be trigger with just a good news from CIMB.

Selling are mostly from the foreign institutional investors with some small panicky retail speculators, once the selling dried up, it is easy for the malaysia sovereign funds to come in and push the price back up the mid 3RM level.

The fear of payment default and NPL has been over rated and stock markets has been over reacting, should see recovery on earnings in the next quarter, this is indeed a good sign and should be seen as a positive note for the market tomorrow.

Insane dumping in the afternoon session today, all the gains yesterday have been given back. See whether closing will claw back some or not.

https://www.scmp.com/news/china/society/article/3100570/chinese-drug-firm-says-hundreds-thousands-have-been-given-covid?utm_content=article&utm_medium=Social&utm_source=Facebook&fbclid=IwAR15K-fV4nnI5UUn_UQOwmoVCit103pohOYz752a2apYhXMvl0XmO-s6h14#Echobox=1599891851

Hundreds of thousands have been given Covid-19 vaccines without a single infection, Chinese drug firm says

Days of vaccines will be here soon, recovery of economy will be at play with financials taking the lead.

US markets rally on vaccine news, recovery play will be back, I believe the banking counters will be back in play.

market good or bad, there will be speculative play, but what I am advocating here is mid to long term of 6 to 12 months investment which I'm sure is going to appreciate in value.

Risk has been factor into the price, the key thing to take note is the continue recovery of the economy, when economy recover during early stages, new businesses need borrowing funds from banks to kick start their business and exiting business will also needs bank facilities to expand businesses scale down by the pandemic. Jobs will come back. So the play now should be economic recovery.

vaccine for covid-19 announcement in the very near future will push up all the banking counters and indices. Watch for it. TP is 4.50 in medium term.

l have not touch this counter for 4 years, I am back accumulating for long term investment. Limited down side but with huge upside potential.

the volume is getting thinner, hopefully MBSB has some positive news to spur up the volume, otherwise apart from the big boys holding most of the shares, the float in the market is simply too small to move.

skyz, are you stalking me? haha, I am not a full time trader, I only spot and time to move in and I do look at other counter, but am extremely selective to buy only worthy shares, speculative ones is not for me.

still at Q to collect @82.5

Yesterday MBSB closed at the lowest of the day, I see people are selling at the very moment the shares up a little bit......I am sensing that the retail investor are giving up.....about time the big fish is going to come in.

vested 82.5sen......seem like selling have slowed.....hope it will pick up later today or tomorrow.

look closely at the selling and buying volume of every individual trade, the seller are always the big lots and buying are mostly smaller, this signify that the selling are not over yet.

I will still say this counter at this price is a steal, but time is needed, so for investor who are use to putting their money in fixed deposit, I think this one over time will reap more profits then just putting it in the bank.