Thats exactly what they said for CIMB when the hontop issue hit - bad loans

Buy before it flies like how CIMB did. Everyone was badmouthing CIMB when it was sold for RM3... Now it is RM5.5

Finally reached my TP lol. Thanks all, come join me in ambank/rhbbank when they are still cheap. Ambank is cheaper as of now

Next year TP6 confirm hit

5 more cents to reach my TP, waiting to hit to rotate to RHB and AMBANK

Dream on yingzhe17, OPR will be raised in 2H2022. Could be raised as early as March if we follow US. Any dip in this undervalued stocks should be bought and used as an opportunity to accumulate from 2022

If your logic with directors buying works, topglov should be RM30 now instead of RM2

Already mentioned if breaks 0.75, next support is at 0.65.. I can't think of any catalyst to push the counter in the near future. Better stay on sidelines. Also, 60% of group revenue is from coal, ESG score is damn low, FF doesnt want in.

Dont complain dont understand lo... Already mentioned lowest eps since 2010... U see lowest, highest and average price for 2010 is how much...

Nice QR within expectations. Gogogo

Broke 75 cents... next support 65 cents here we go

This is the 1st time I see 4 cents eps for BIMB since 2011. Tomorrow 2.7 support can hold?

Wah gg, without takaful, bimb's eps dives to 4 cents... drops more than 1/2 from normal lol

Next support 3.2

Insider issue is everywhere. Wont get solved. Most importantly, earnings normalized.

Anyway, let us welcome 2.8

Back to 2.8 (-10% from here) is also possible IF the whole world enters lockdown mode again, but the upside from here is much higher, .

TNX is still uptrending, interest rate will be raised soon. Once interest rate is raised, the catalyst to push will be here, now just collect tickets slowly and dont get washed out. Some might consider dividends (6 months from now) to be a catalyst too.

But, lets all pray it falls back to 2.8 lol

@ychong, management decided to defer dividends until end of FY

QR ok: NII, NIM and CTI improved
JAWS also recorded +ve at 10.1%

If cant hold above 75 cents, better consider cutting loss. Next support is at 65 cents

Future tense: Reduction in book value by ~29%, reduction of PAT and dividend by ~16%, change in CEO

FRS17 reduces the book value by 28.5%. To me, that's a serious issue. It instantly raises P/B ratio, which is the primary valuation for insurance companies. Also, PAT and dividend will be reduced by 16%. This is also an issue.

Change in CEO might also be an issue (although there's a possibility that the next CEO will do an even greater job).
15/11/2021 5:49 PM

Might be safer to enter after the implementation for the market to fully absorb the impact OR enter at a low price. IMO, current price is not low

@valuewood11 broke support, no catalyst to push it higher.

Personally, I will try to collect at 1.6 and/or 1.5. Else, just buy stocks that will benefit from the upcoming interest rate hike (catalyst).

Net profit growth of 19.5% in FY23
https://www.thestar.com.my/business/business-news/2021/11/10/bank-profits-will-improve-in-2023

Just hold and wait for it to be re-rated.

33% Cukai Makmur one off, no problem.

FRS17 reduces the book value by 28.5%. To me, that's a serious issue. It instantly raises P/B ratio, which is the primary valuation for insurance companies. Also, PAT and dividend will be reduced by 16%. This is also an issue.

Change in CEO might also be an issue (although there's a possibility that the next CEO will do an even greater job).

Actually there are some fundamental reasons behind it
1. CEO Mohamed Hassan to leave in March 2022
2. FRS17 is projected to reduce the book value by 29% and the profit by 16% in FY2023

Also,
TA: downtrend

Beware of the possible dead cat rebound next week, there were a lot FB lives last Friday. They could be trapped at penthouse, waiting to dispose.

If you really want to buy, you can try your luck at 3.2, not when it is floating in the middle of resistance and support. Again, if they really want to press it down, press to the next support of RM2.1 is NOT IMPOSSIBLE. So please dont flame me if you try at RM3.2, but it falls to RM2.1 later.

Strong selling signal, again dont fight the trend, look at how Takaful is performing now.
Support 1: RM3
Support 2: RM2.4
Support 3: RM2

These supports could be good entries to re-enter later, if you decide to sell on Monday

PS: not a buy/sell call

If EPS goes back to 3-4 range, easily break all support and go back to 2019 level.

Syarikat Takaful CEO Mohamed Hassan to leave in March 2022, Retailers throwing free shares.. Told you to wait..

Please remember how CIMB was pressed until RM2.8 last year. Although I did say that you can try to collect at RM3.2, BUT if they really want to press it down, press to the next support of RM2.1 is NOT IMPOSSIBLE. So please dont flame me if you try at RM3.2, but got pressed to RM2.1.

Just sharing my personal opinion after getting my CIMB and AMBANK pressed last year (AMBANK still being pressed this year LOL). Not buying/selling advice

See my comments on
08/10/2021 5:00 PM

13/10/2021 11:40 PM

You better watch out
You better not cry
Already advised
Telling you not to buy
Takaful is going to ground

New 52-week low. Every week, breaks new record, stop fighting the trend. Operators want to push lower, nothing is going to stop them

HOLYFCK, well done budget 2022

HOLYFCK, well done budget 2022

HOLYFCK, well done budget 2022

Tommorow gap down? Worst QR ever

Attempted to wash down the price but got rejected. Let's go

Buy before budget announcement tomorrow, still have a lot of upside

IMO, CIMB is already close to its fair value

You might be right Riaz, but I would rather rotate it into AMBANK once my TP is reached. At RM5.5, CIMB P/B is 0.95 already. P/B and P/E are much more attractive for AMBANK at its current price.

The current Ambank now is similar to CIMB after hontop and hin leong issues. Once people gain back confidence in Ambank, Ambank should be valued at RM4.5 at a similar P/B of 0.95. Much more upside than holding CIMB.

gogogo, less than 20 cents more to reach TP, and then rotate to another undervalued bank stock

Final call below RM3.4, gogogo TP RM4.5

gogogo, 20 cents more to reach TP, and then rotate to another undervalued bank stock

Dow Jones Financials breaks new high again!!

https://www.investing.com/indices/dj-financials

Dow Jones Financials breaks new high again!! REJOICE!

https://www.investing.com/indices/dj-financials

Dow Jones Financials breaks new high again!! REJOICE!

https://www.investing.com/indices/dj-financials

https://www.investing.com/indices/dj-financials-chart

Dow Jones Financial breaks new high again!!

https://www.investing.com/indices/dj-financials-chart

Dow Jones Financial breaks new high again!!

Dont fight the trend lol. If the operators could press CIMB (which has a much larger market cap and was already extremely undervalued) until below RM3. Pressing Takaful (which has a lower market cap and is currently fairly valued) to the next support is peanuts. Just buyback when there is a turn around in price action.

Agreed, extremely undervalued. Finally breaks above its long term downtrend line. Time to buy on pullback, to RM4.5 we go!

So close to my TP, congrats to all who hold since RM3ish. It has been an honor riding the wave with yall

Consider rotate your funds in banking sector to Ambank once your CIMB TP is reached. Ambank still has a lot of upside IMO (much more attractive PB, PE and ROE; price still hasnt move much from pandemic bottom).

LOL, give it up, even if it rebounds, will be extremely difficult to break above the extremely strong RM4.2 support-turned resistance. Just let it go down and buyback at the next support

EPF keeps selling, Foreign Fund keeps buying. EPF is trying so hard to press the share price down below the long term down trendline. If EPF stops selling, this camel will grow wings and fly

Congratulations holders, 5.5 TP incoming, will rotate to other undervalued banking stock once TP is reached