https://klse.i3investor.com/blogs/DeepValueInvestor/2021-02-03-story-h1540305821-BIMB_WA_a_hidden_gem_to_be_discovered.jsp

@Ichuanse, well I am always too optimistic, optimistic TP of RM1 will not be reached if everyone is selling at .5-.6

@Ichuanse Hmmmm, .5-.6, my conservative TP is .63, optimistic TP is 1 lol.

I am pretty sure the swing drop in the morning was by big sharks, If they swing low again, we buy again when dip.

No worries, always happy to help, just buy on dip, let the big sharks know the only direction is up.

Unity is strength, if any big sharks are reading this, please stop throwing and hold all the way until price fixing date.

@rheve863 (y)

@Enilec Mak, I think when @Envestor says BIMB, he is mentioning about the major shareholders in BIMB. But tbh, even if they buy back at high price, the major shareholders are gaining too. There's really no need for them to press down the price.

The swing in price is most likely due to big shark traders lurking around, they swing the prices low and higher to earn the roller coaster spread.

@Enilec Mak, we need big sharks to support us on this 'no short squeezing, to the moon' bet

@rheve863 five (5)-day VWAP of the Warrants immediately preceding the price-fixing date.

@Envestor, good point, if retailers unite, this is almost a sure win bet

Just look at the warrant prices for Scientex and Kpower shared by Sipek Huat
https://klse.i3investor.com/blogs/THP/2021-02-03-story-h1540280029-DeepFck_n_Value_BursaBets_Here_in_KLSE_BIMB_WA.jsp

The .63 price I quoted is still quite conservative because BIMB's TP will continue to be revised upwards with the slow recovery in economy. If anyone has realized, HLG just upgraded BIMB's TP by 15% from 4.15 to 4.8.

Enilec Mak, should join force with Sipek Huat to create a telegram group for educational purposes. Once in a blue moon opportunity trade that caps your downside

As mentioned in the main forum: This only starts to get risky when the risk:reward > 1, which is when the price is .63, because at this price, the potential upside is ~59% (1/.63) and downside is also ~59% (.26/.63)

At .27 you risk is at most 4%, your upside is limitless, just keep collecting. Will spike when near the price fixing date.

Look at the 100k queue at .255, when all these queues turn into buyers 5 days before price-fixing, might get to experience limit up

I am in, just buying in slowly if the operators keep pressing down the price

Well looks like we have to keep buying on dip and hold for 2 weeks time until the operators come and push it up for us

Intentionally pushed down by operators to collect low. Just buy on dips, dont let them collect

Intentionally pushed down by operators to collect low. Just buy on dips,

BIMB-WA just got sold down with VWAP of .2917, now .28 OFFER

BIMB-WA just got sold down with VWAP of .2917, now .28 OFFER

This shouldnt be an issue because majority of the warrant holders are shareholders as well?

Drops below .26, I all in

Yes, there's a possibility for that but if they could give warrant worth RM1 years ago, there is a high chance that they wont consider it expensive for anything below RM1, I will be cautious when it is above RM1, and start planning my exit. Else, keep holding it. As of current price, the maximum possible for your loss is 9%(.285/.26), the theoretical maximum upside is unlimited, the rational potential upside is 383% (1/.385).

This only starts to get risky when the risk:reward > 1, which is when the price is .63, because at this price, the potential upside is ~59% (1/.63) and downside is also ~59% (.26/.63)

But again, the entire price action movement is controlled by the operators. If they want, they can swing it as high or as low as they want

BIMB-WA started at RM1, now it is ony RM.285. You should only be worried when BIMB-WA is trading above RM1

Exactly, the warrant was RM1 when issued.

Just push it all the way back to RM1, and let BIMB pays for it

There is no fixed price for the WA buy back

Just push it all the way back to RM1, and let BIMB pays for it

The above 2 comments from me are for BIMB-WA, I apologize for any confusion made.

Very good question, karpai, but with a cap downside at .26, it is definitely a safe bet, can keep holding until price fixing date, when the date is near confirm fly until no tomorrow

So is it true that, they will buy back at the minimum price of .26?

So is it true that, they will buy back at the minimum price of .26?

Just sell before the next QR is out like what INVEST_AA said. This counter QR is cyclical. The record earnings/revenue in the last QR most likely will not be repeated in the next quarter

Well said melanie1818181818, this year is going to be a bad year for bank earnings due to impairment. But if you are a long term investor, it is good to buy on weakness. The earnings will come back in 2021.

@huiwen88 NIM compression if compared to NPL is nothing. Dont worry about OPR cut the real risk here is the NPL

https://www.facebook.com/popularmalaysia/videos/2781615805393746 Even Fong Siling (Cold Eye) supports buying CIMB over other blue chip banks

Is it? Thanks for the information, I thought only 500m. Nice la! Most likely bad qr ahead, let it drop

melanie1818181818 check Q1 report, 500m credit loss already included in Q1 report

@kinuxian, true. However, take a look at the past data. NPL really does not affect banks as much as the public thinks. Perfect timing to collect if you follow deep value investing approach: collecting undervalued stocks when no people are paying attention to the counter
-----------------------------------------------------------------------------------------------
NPLs are expected to reach 1.7%-1.8% this year according to source 1, which is about the same as the NPL ratio in 2013. Lets assume it is worse than predicted (assume 2-3%), which is about the same ratio in 2011-2012.

Banks still functioned quite well at these ratios in the past. Average NPL for the world is 5.06% (source 2).

IMO, loan moratorium hurts banks the most (Instantly wipe out banks' interest income (main income, especially for commercial bank) for 6 months, so Q2 and Q3 financials are going to be very bad); NPL loss is too insignificant compared to moratorium. Once the moratorium is over, the banks' income (especially commercial) will normalise. IMO, this is the perfect opportunity to buy low and hold forever.

I cant deny that the share price might go lower when people see the Q2 and Q3 financials. However, I cant predict the direction in the short term. Buying every dip with my monthly income is my strategy. I am confident that once moratorium is over, banks' financials will normalise (Q4 financials will be spectacular when compared to Q2 and Q3)

https://www.theedgemarkets.com/article/sp-npls-rise-malaysian-banks-po....

https://www.theglobaleconomy.com/Malaysia/nonperforming_loans/

Only targeted extension.
- Only the unemployed doesnt need to pay for another 3 months.
- Those who suffer reduction in salary will get reduction in loan repayment.

So in summary, most people will have to continue paying as 87% of the unemployed return to work already.
I was going to dump all shares if moratorium is to be extended. Now, can continue to collect safely.

Long live BIMB

Only targeted extension.
- Only the unemployed doesnt need to pay for another 3 months.
- Those who suffer reduction in salary will get reduction in loan repayment.

So in summary, most people will have to continue paying as 87% of the unemployed return to work already.
I was going to dump all shares if moratorium is to be extended. Now, can continue to collect safely.

@limkokthye, I concur. If pm extends moratorium, not only banks, whole Malaysia economy keong gan d. Because banks will no longer lend

@James89 Thats great actually. Give us more chance to collect. I plan to long hold this counter until I die anyway. The cheaper the better. I am praying that it wont go up too much. My monthly pay is not here yet

@mobidick
NPLs are expected to reach 1.7%-1.8% this year according to source 1, which is about the same as the NPL ratio in 2013. Lets assume it is worse than predicted (assume 2-3%), which is about the same ratio in 2011-2012.

Banks still functioned quite well at these ratios in the past. Average NPL for the world is 5.06% (source 2).

IMO, loan moratorium hurts banks the most (Instantly wipe out banks' interest income (main income, especially for commercial bank) for 6 months, so Q2 and Q3 financials are going to be very bad); NPL loss is too insignificant compared to moratorium. Once the moratorium is over, the banks' income (especially commercial) will normalise. IMO, this is the perfect opportunity to buy low and hold forever.

I cant deny that the share price might go lower when people see the Q2 and Q3 financials. However, I cant predict the direction in the short term. Buying every dip with my monthly income is my strategy. I am confident that once moratorium is over, banks' financials will normalise (Q4 financials will be spectacular when compared to Q2 and Q3)

https://www.theedgemarkets.com/article/sp-npls-rise-malaysian-banks-political-uncertainty-adds-covid19-blow#:~:text=KUALA%20LUMPUR%20(March%205)%3A,banks%20amid%20challenging%20operating%20conditions.&text=%E2%80%9CWe%20now%20expect%20NPLs%20to,%2C%202019%2C%E2%80%9D%20she%20said.

https://www.theglobaleconomy.com/Malaysia/nonperforming_loans/

Warren Buffett just plowed $800 million into Bank of America, boosting his stake to over 11%

https://markets.businessinsider.com/news/stocks/warren-buffett-just-bo....

Warren Buffett just plowed $800 million into Bank of America, boosting his stake to over 11%

https://markets.businessinsider.com/news/stocks/warren-buffett-just-bo....

Warren Buffett just plowed $800 million into Bank of America, boosting his stake to over 11%

https://markets.businessinsider.com/news/stocks/warren-buffett-just-bought-800-million-bank-of-america-stock-2020-7-1029423425#:~:text=Warren%20Buffett%20just%20plowed%20%24800,his%20stake%20to%20over%2011%25&text=Warren%20Buffett%20shelled%20out%20more,of%20America%20stock%20this%20week.

Warren Buffett just plowed $800 million into Bank of America, boosting his stake to over 11%

https://markets.businessinsider.com/news/stocks/warren-buffett-just-bought-800-million-bank-of-america-stock-2020-7-1029423425#:~:text=Warren%20Buffett%20just%20plowed%20%24800,his%20stake%20to%20over%2011%25&text=Warren%20Buffett%20shelled%20out%20more,of%20America%20stock%20this%20week.

https://www.youtube.com/watch?time_continue=1&v=R0pZLplmAxs&feature=emb_logo

https://www.investing.com/indices/kl-finance. Finance components are finally carrying the market. Have a look at my portfolio for my financial stock picks.

I personally really like bimb and takaful for long term investment. Cheers

https://www.investing.com/indices/kl-finance. Finance components are finally carrying the market. Have a look at my portfolio for my financial stock picks.

I personally really like bimb and takaful for long term investment. Cheers

https://www.investing.com/indices/kl-finance. Finance components are finally carrying the market. Have a look at my portfolio for my financial stock picks.

I personally really like bimb and takaful for long term investment. Cheers

@CakapSohaiThings Maybe because people no longer want to save money in FD and start investing in blue chip stocks for dividend yields.