The guy withdrew his EGM request to remove KPMG as external auditor, which shouldn’t even be raised in the first place. He has a fair share to blame when Serbdk is being panic sold. Now we will just see what happens next.

@stkoay Jun 1, 2021 6:13 PM | Report Abuse

@WenJun....it's not that you have hurt me...but you like to post nonsense, one must be responsible of what they have to say...

....after PM announced loan moratorium is only for B40 and SME affected....you still posted this ........

Posted by WenJun > May 31, 2021 9:31 PM | Report Abuse

Loan moratorium…. Let’s hope for more discounted shares

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Isn't that a forum like this supposed to be open to all kinds of comments from people like you and me? Why do you care so much about "nonsense" that I posted, rather than improving what you are posting and posted? This reminded me so much about those people who bash naysayers of glove stocks just less than a year ago.

You do know why CIMB's loan quality is among the worst right? That's why I only commented about it here. On top of that, there is a loan moratorium option for M40 and T20 too, although it is not for all and has a much lower impact (see: https://www.hmetro.com.my/amp/bisnes/2021/06/712720/moratorium-bukan-hanya-untuk-b40).

Anyway, it's been a great day for CIMB investors like us, we should be happy rather than arguing here! Congratz!

@stkoay May 31, 2021 10:45 PM | Report Abuse

Loan moratorium specially for shearer202 and wenjun....please go to your bank tomorrow to get it.

Congratulations to both.

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Thanks, but unfortunately I am far from qualifying for any BPR assistance.

I must have hurt your glass-made heart so badly since you are attacking me every time you saw me. Anyway, good luck to you, financially and mentally.

Loan moratorium…. Let’s hope for more discounted shares

Wow! But 1.155b of gain is coming from disposal of subsidiaries

Wow. Impairments of 1.79b and settlement of 2.83b… Ambank gone all out in this QR

If you found a problem with me, I remove you. Sounds strangely familiar…..

Huat today!!! Now waiting for the QR

Wow, second-highest quarterly earnings throughout the history, I wonder how's CIMB going to be like

It’s been a while since I touch Aeon, was expecting it to stay sub-1.20, but looking not too bad now, although the volume isn’t too convincing. Could it be a backtest of 1.24~1.25 resistance level (previous support level)?

Lol, 24800 lots of RSS volume? Looks like it is possible to collect around RM4 or lower soon

@tollebunsmith Yeah, since your cost is very low, it is worth keeping. Over the longer term, MBB is almost certainly better than PBB

stkoay May 19, 2021 8:39 PM | Report Abuse

True blue Maybank share holders are long term investors who don't trade for profit or panic sell.

The smart investor who sold yesterday might have bought the wrong stock.

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Thanks for your advice.

However, the stock market is filled with all kinds of investors and traders, you can't talk bad about others simply because they have different trading styles and objectives with you.

For example, your objective could be dividend incomes and long-term capital appreciation. My trading style and objective are short-term driven, where I attempt (and succeed) to grow my capital by multiple folds. My trading strategy works for me and it allowed me to minimize losses and have a high percentage of successful trades. Doing so reduces or even eliminates my exposure to the potential US market overnight big correction.

Note: I do not hold any stock or warrant as of now. Might buy back anytime when I deem it is worth the risk-return tradeoff.

Luckily sold it yesterday... I didn't trade today and thus able to keep all-time high returns of my portfolio. The situation these days are quite depressing to the market, hope everything can get well soon

Huat ah hehehe

charliecharlie Jan 6, 2021 9:52 PM | Report Abuse
juz let it drop, then buy and keep for next gen...if those that need urgent and fast money, pls look elsewhere...


charliecharlie Dec 16, 2020 3:23 PM | Report Abuse
bring it down pls...return from dividned only 5%, return from appreciation, more than 10%!!

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Yeah indeed it is :)

There are over 6000 lots of huge dumping around 10:30 am and over 15000 lots of mega dumping around 2:44 pm, what is happening? Hopefully I did not caught the wrong knife..

Please come down a little more for me to collect..

Anyone know if the AGM has announced the ex-date for the dividend?

It broke below MA50 yet still holding 1.24, things do not look good as of now

What I know is that there are some foreign funds using Credit Suisse to dispose huge loads of sotong these days

Looks like sotong is going to touch RM4 in the near future...

A bullish hammer with high volume is formed, looking good now

Sotong touched Fib 0.618 retracement level @ 4.13, short-term rebounds are seen around other Fib retracement levels over the past few weeks, so it is a good price level to build up some positions.

Aiyo poor sotong keep dropping when other banks are rising

Good closing after touching 50MA, but the volume is not high, maybe more consolidations ahead.

The market sentiment after lunch hour is bad as the daily covid cases rise over 2000, looks like they are flushing away contra players and weak holders. The last hour rebound is looking good, caught some falling knives.

I doubt that would happen, the BKX index has been around all-time high for weeks now, yet the banking stocks in Malaysia have been in a downtrend or staying flat for the same time. They don't really have any significant correlation with Malaysian banks.

But I have been building out some position in recent days, once the foreign funds stop selling heavily (or when the local institutions have collected enough holdings), local institutions would probably start pumping to make KLCI looks better.

Hi TreeTopView, I understand that a candlestick body counts much more than its wicks, but failure to close at those wicks can indicate huge resistance around those prices. It is not always reliable, but it is worth monitoring. I will definitely pay attention to your Fibonacci TPs, good luck and all the best.

@TreeTopView Yup a close above 1.34 is good, the next target would be 1.39, a rise above it would trigger more buying pressure. The 1.70~1.75 TP is too optimistic as of now, but who knows what will Aeon does, it has been full of surprises :P

Foreign funds have been selling a few hundred million ringgit worth of shares during the past several weeks, it is probably foreign funds that want to get out of CIMB.

Vroom vroom

So weak yet so strong at the same time, confusing time it is...

Wow, 5872 lots of RSS volume today... If it does not hold 4.25 tomorrow, the next technical support is MA100 @ 4.09~4.10, which also confluence with the handle downtrend support line of the cup and handle pattern. Psychological supports are 4.20, 4.15, and 4.10.

Technical chart: https://www.tradingview.com/x/M0AfIqnU/

The saying is that the commie of China is backing the military coup of Myanmar because of the strategic location of Myanmar... Big powers like the U.S. and China did a lot of bad things just to protect their interest and profit off the rest of the world.

Haha, yeah it is tough to know what is next with the movement these days, stay put until something major happens will probably be a better move.

Well, it broke below MA50 @ 4.30, will it be a false breakout or an actual breakout?

Continue to move sideways until breakout downwards or upwards...

Technicals are looking good so far, it broke above MA20 and one of the upper trendlines of the bull flag, doing so with a two times higher trading volume compared to the recent average. MACD also showing an uptick:

https://www.tradingview.com/x/y6Pai2S1/

Still need to see the price action of tomorrow for confirmation though, like @Jack888 said, crossing above 1.34 will be a very good sign.

Everything is holding well so far... When would the show begins?

Well, the short-sellers only covered 300 lots of position yesterday despite the semi-heavy selling pressure. Looks like they are aiming for higher profits. Trade carefully guys.

Also, with the price range today, the RSS volume is down to only 36 lots. This indicates that even the short-sellers also don't think it would go down much from here, since the price is very close to MA50. They might have started to cover their short positions today as the broad market sinks, which we can know whether or not they did it by tomorrow morning.

Touched MA50 and closed at a slightly higher price, not too bad.

Is this a double-top or a cup and handle pattern? The financial services index also exhibits a similar pattern and closed at support level. Let's see what will happen next.

Aiyo, it is approaching MA50, good time to enter

Please come back to below 10 again :D

Hopefully it will reach at least MA50 before a bounce

Looks like CIMB is currently at the “handle” part of a cup and handle pattern.

@Azam Sahlan It is okay, realized profits are better than paper profits. This prediction may not come true at all.

Hi TreeTopView, personally I am not that bullish either, it really depends on how the price actions are going to happen next. We may see some breakdowns too, I will just wait while the signals are still unclear before buying any :)

The volume is in a decreasing trend, with the almost sideway-like price actions, it looks like a bull flag. Technical wise it is pointing towards 1.70~1.75 once it broke out of the flag with high volume.