The dumping is going to be lasting for a while before this counter can pickup.

looks like it is going to open at 68.5sen a gap down from 71.5sen.....how low will it go?

more getting excess lot meaning more selling for quick profits.....there will be some that will sell first and buy back at lower price hence putting intensity into the selling....how low will it go?

tomorrow there might be a scramble to sell MBSB, not every OR subscriber will be able to reap in the profit....however it is a good time to sit on the fence to look out for cheap scoop.

The 1MDB saga is haunting CIMB, with the recent oil prices falling adds on to the misery....but light at the end of the tunnel is blinking....just going in the morning and out in the afternoon made me lunch for this month....not bad....aim to buy again at weakness.

Once the rights floats in the main market, I think it will trend downwards to +5% to +10% of the rights issue price due to the profit taking by those bought at $0.59, and I do not think there will be a V shape recovery thereafter due to poor market sentiments, will have to stay long for this one...but it is a good price to enter for long though.

Well, guess I am too early to cash in....good luck guys

Yeah I know Murali, but profit are always good to hold, I will play my small part of the supporting role during this counter weakness...:-) I will be back

took profit for 300 lots of mother shares....will continue to buy on weakness

The show is on

whether it is buying OR or mother shares of MBSB, I think both have his own reasoning, it is good to see debate and reasoning as this are information that helps each individuals to decide whether to buy and what to buy. Each and every investors have their investing principals and target and we therefore have different views, but one thing that we are united as one is making profit in trade. Make more money and cheers.

KLCI is seriously lacking compared to the other major index.

Hope today will be a good day.

Even if you had bought the rights for 59c, there's the uncertainty that the price may not be what you are able to sell when mass selling comes in with those extra shares float in the market. Holding the mother shares in this case gives you the flexibility to sell as and when the price is moving up (or down, to cut lost). However we all know that MBSB at the current valuation is definitely a good stock to buy provided if you are able to stay long. my 2 cents...

Looks like have to long this counter...will tied up some capital....

The volume traded so high, but price rarely move, not even 1/2 sen.....feeling like all the big guns are just waiting...

Hopefully you are right Murali, I was expecting the mother share to go up today so as to force the OR price up and make those bought pay another 59sen as a force take up kinda thing, but looks like it is not going to happen or do we have to wait for the last min surge? we'll have to see. But hopefully the mother share will go up tomorrow to cushion the extra shares in the market later next month.

I am bullish on CIMB in the medium, long term, I will continue to buy on weakness, you will not go wrong with a company that is still profitable despite brexit or whatever event that might happen. Like I said before, CIMB is a defensive stock, the price going up and down are just market play...but fair valuation will remain around RM5.00++

Open a I-Trade account with minimum 10K cash deposit, and you get 0.038% or $8.80 per trade which ever is higher. I am using this account. You can make money with 4-5sen up every time, set aside 1 million for trading, but at every one time, trade with only up to 500K, the balance 500K, use for averaging down when you hit a temporary bear market...but still must be very careful...you will be able to make about 10K per month if you have good trading sense.

EPF holds 17.5% CIMB shares in Dec 2015 vs now 16.5%....I think there's room for EPF to expand CIMB portfolio....even recently I can see MS buying aggressively...the Brexit thing is making people turn cautious, but like I say, this will be a non event due to our far proximity from the Euro zone and in fact trade might out flow to Asean if indeed they vote for the exit, but nevertheless, I think that is not going to happen....todate there's only 30% chance where 70% will vote for staying status quo...so therefore, any opportunity when the market goes down, one should pick up some CIMB shares and wait for the rebound. Fair value for this counter should be 5.18 as mentioned by PB analysis.

So far I have not seen any CIMB announcement that make the shares spike up....if they announce shares buy back at say 4.4....everyone will start a panic buy mode.....u see...it is very easy for them to prop up the shares....just be steady....but if no holding power, please stay away.

This is a money making company, it is a matter of how much earning CIMB make for investors, there is a valuation for the company which is determine by each investor, the small one speculate and the big boys invest....there will be a point where the numbers will reverse and goes up, those weak ones who sold at a lost will then KPKB....this will repeat like a cycle...

External factor affect the market, but when buying a shares, one must focus on the earnings and its potential. CIMB at its current valuation, it worth a buy....I call for short term rebound to 4.55.

It is definitely a good buy, brexit will not happen, there are a lot of signs that said that will not happen, but even with a little tiny wee bit of uncertainty, market do not like it, and fear being fear, people like us that is not within the Euro have no big connection to brexit, some smart alex talk like brexit is going to kill everyone...haha...how naïve.

Market are cautions of Brexit fear.....most likely a non event.....23rd will be the key date to look out for.

hng33, you are good always strike at the right time, I am already in again at 436, but looking to buy more at the current level, fund transferring by CIMB click traders too slow for me to enter today....

When is the CD and XD date? Anyone?

The volume traded in the last 5 days of decline is all on very small volume....think why last week MS and EPF is loading up so much?

whether 2 cts is a pittance or a lot is relative to the number of shares that you hold, As BN_menang have said, this is additional.

The dividend is targeting at big institutional investors like MS and EPF etc...they will get the additional shares and hence will be holding on for their shares despite the current volatile market. In fact it is the small retail investors that have weak holding power that is selling...once the price drop to "stupidity" level, you will see them buying up fierce and fast....so those that have caught will curse and swear again....hold.

CIMB giving special dividend shares of equivalent to 15sen to shares holders....entitlement date to be announce, so it is good news for those holding their shares as of today. Price should be up tomorrow in accordance to this announcement.

Recently we have seen huge acquisition of CIMB shares by Morgan Stanley (surprise) and EPF, plus the shares that were hold on by others institutional investors, the daily trading volume has been dropping due to the fact that this big boys are holding the shares and only some small retail investors playing the market. By this measures, I can say that CIMB shares is now a safe and defensive counter.

Nasir selling...3 million shares @4.49....need money meh?

Quarterly profit for CIMB rose 27%, good news for those holding to it shares, earnings per share increase to 9.74sen......tomorrow will see the stock price surge....

Oil cross the phycology mark of $50, analyst think this is a short term mark, but overall it signify a upward trend for the oil industries which is a good catalyst for CIMB stock.

today the volume is barely half of the usual traded, hopefully in the afternoon, it will reach 14 million share with mostly buy up mode, regional markets are all trending up with KLCI lagging behind and playing catch up. Crossing fingers.

Oil after a brief downward spiral, it is trending up again and breaching $50, this is good for the economy and banking stocks. Re-enter into CIMB @4.33....hoping for the upward spike in the afternoon rally.

CIMB is 2nd in terms of asset, and 3rd in terms of market cap.

Always form your own opinion, do not be effected by others, MSCI announce it loud when they reduce the weighting, do you think they will tell you that you are selling too cheaply to them when they pick up the dirt cheap price people are throwing?

This is 2nd largest M'sia bank, EPF have the fiduciary duty to upheld its equities price, while some may not agree, this is to avoid being taken over by another foreign company or bank. In the business world, it is brutal and they will always try to eat you up. EPF is just protecting M'sia asset. Good job EPF.

Many here caution about the MSCI weighting without knowing exactly how this weighting affect a stock is absolutely rubbish. MSCI index provide only a guidance to the emerging market stocks which including large, mid and small size cap, they did not specify exactly why they reduce the weighting on CIMB and Maybank, therefore it can only be interpreted that Morgan Stanley would like to reduce their holdings for this 2 counters due to various reasons, the reason may not be CIMB or Maybank but rather their own investment strategy reasons. CIMB is traded below market PE, that is a fact that doesn't change regardless MSCI weighting, CIMB since last year has been pursuing cost reduction and had yielded results, it could only be better. So for those calling for sell, it is obliviously their own selfish call to talk down the counter so that they can buy from you.

I hope nobody short this counter this morning hoping to buy back....if you did that, you know who I am talking about

my prediction is close at 4.39 today.

a huge selling block at 4.35, that is a block setup to collect at 4.34, there are marriage deal from 4.36 to 4.39.....CIMB indeed generate a lot of interest, all are market play.....I am sure this counter will come back in the very near term....

the contra buyers whom have weak holding power from last fri and mon are now being flushed out of the market, by afternoon we should be CIMB back in positive...I think this is the bottom if there is no more negative market news.

In macro view, the world economy is looking good for growth, with oil prices low and America economy picking up steam. The market is playing down all this data because of fear that The Federal Reserve is going to up the interest rate, it is only a matter of time that the market have to go up and when it comes, it will be fast and furious. Counter like CIMB will climb faster for the selling was over done and it generally generate more interest then the other banking counter. Just look at the daily volume and you know. It can be the evil stock when the market was down, it will be the darling when it reversed.

when the market is bad, less people will gamble in speculative stocks while more will flock to safe counter like CIMB. Valuation is what you will get as some self prophecy here may tell you, I do not see why CIMB is not a good counter given the last dividend pay out and a higher earning report coming soon. At the current valuation, it is oversold, only the shorts will tell you otherwise, pick up some if you can, I am seeing it returning to 5.50 soon.

today is the earnings result announcement.

took profit too early and cannot find the lower point to re-enter.....for those still holding on....good luck...will look for opportunity to load up again

Read some reports purchase on Reuters, the bank is pretty much oversold and analyst call for buy, in short term, the counter will rebound strongly once negative perception and sentiment tone down.