Imagine 500m provision as guided, plus modification loss, and additional provisions. These three could top 1b which is equivalent to the operating income for the last few quarters. But cimb may want to avoid a loss, so might adjust the additional provisions to show some profits, maybe. But the price now is ad quite low. In 2014, cimb also made huge provisions due to fall in oil price. Made only 200m that one quarter, but share price was 4.5. Today 3.4, you judge can buy or not lo

Cimb changed to reporting after 5pm since a few quarters ago. Nothing much to do with good/ bad results. But back envelope calculation tells me the best result is probably 50-60% fall in yoy net profits. So don’t expect too much ya

But today, banks are very well capitalized, especially Asian banks. Cannot expect that kind of bargain during subprime crisis

I mortgaged my properties to buy Bank of America in loads when it was less than 3 dollars. Made good money from this. Looking back now, was it a once in a decade opportunity?

enigmatic [control your emotions, discipline your mind] "Once in a decade opportunity to accumulate on weakness."
Such a strong phrase to be used.
28/08/2020 2:11 AM

Maybank deferred its dividend for this quarter, they’ll pay but not this quarter as usual. Banking taikor has spoken, expect cimb and others to do the same. Once in a decade opportunity to accumulate on weakness. After heavy provisionings will be writebacks on top of interest rate increases, as long as you can wait for a couple of years. Today sold all gloves for banks

Maybank will pay dividend la, just not this quarter. Slightly adjust the schedule in extra-ordinary situation

But I think Maybank did not do active provisioning in the last quarter, now only start doing it. Other banks have increased provisioning since last quarter

Yes, opr is just the noise, real impact is npl. Maybank results dropped mainly because impairment for loans increased 3.5 times from 400m to 1.8b, excluding this, operating income act improved from 7.9b to 8.2b

Is a quarter >2b, ok?

Impairment for bad loans 1.8b, previous quarter only 400m. Increase 3.5 times... without this impairment, it should be a good quarter.. top glove can make more than 2b consistently?

Anyway, can start nibble ad, rebound soon, especially if other big banks also report better expected results today and tomorrow. Also, cimb will sell the bad debts and recover some monies after this quarter

If another big provision, must sue the management ad, must be something very wrong, need Macc to investigate any hanky panky

Moratorium stops all repayments for 6 months, negative cash flow due to this, maybe will continue for another quarter

Cimb needs to make full provisions on 2 O&G accounts, hinleong and another one (from China also based in sg), 1b provisions in total, half in q1, balance in q2. The management ad gave this guidance a few months back

Well, unless cimb also goreng gloves kaw kaw lat, then maybe trading income/NOII can offset the provisions

Ambank better than expected results due to trading income (goreng gloves maybe) and lower one day modification loss, 58m is actually lower than the 80m given during management guidance. Cimb still need to provision for the 500m this quarter, so need to wait one more quarter for more upsides

Better trading income and lower one day modification loss. Now you know who goreng gloves to sky high valuations

https://www.thestar.com.my/business/business-news/2020/08/26/ammb-posts-higher-underlying-net-profit-of-rm4167m-in-1q

Very much better than expected results

Thread moving slower, die hard supporters also gave up ad. Now is the transition phase to bring in new faces who will naively support this rubbish counter again. Basically base building for the next pump and dump. Punters can prepare to accumulate for next goreng session. Likely can buy cheaper in the coming weeks

Now Microsoft also quietly building data center in boleh land. plus alibaba’s existing data center, need gp’s? Did you see how ppl do business? Quietly build, no need heboh, no need pattern liao liao. All gimmicks for pump and dump. Again, Microsoft is vertically integrated. Gp need this mou la, that mou la. All shows for naive supporters

This counter is a vehicle for ccpuan to pump and dump. Proven uncountable times, latest just last week. What are the prospects of the business when management is only focusing on short term gain by manipulating share price? New faces appear all the time pinning high hopes. But Naive idiots come and go, pump and dump nvr dies

Next round of good news will be from Amazon, Microsoft, Facebook, ... still long list to go, all tech superpower wanna a piece of boleh land business and gp is their only choice. Wait long long ya, pp in this goreng stock, my ssss, LOL

Idiots making comparison with apple, 2,000B vs <20B, not even 1% of appl. Must be of his mind. Sustainable profits vs cyclical(one shot profits), can compare? LOL

Looks similar to steel bar counters years back. Downtrend started before bumper profit was announced. Similarly many supporters was harping in super profits in coming quarters and don’t want to sell. Tested supports multiple times and finally broken and went all way down to below 1, right from where it started. When bumper profit was announced, it was trading at less than half the peak. Because share market moves at least 6 months ahead..

Laugh die me when reading funny comments here. I heard that Microsoft, Amazon, Alphabet are also attracted by GP capabilities and wanna pp 20% each so that they can jointly develop cloud business in MY.




But wait, why need to pp and work with GP? Cloud business need to be developed locally? Their own cloud framework not good enough? LOL

Funny thread, full of funny comments. Dilution of 20% but what’s the proprietary tech that gp is trying to develop? What cloud business specifically? Fight with azure and aws? Seriously?

Funds shifted positions from glove to traditional blue chips. The concerted rise for non-glove klci components is evident. If i were fm, I would have closed my position for glove since this is the best timing when retailers are rushing in to buy due to the expected good results. Don’t be the fool who hold the ticket last when supply-demand normalizes

You’ll have to pay more when banks start showing improving results. Remember, stock market moves 6 months ahead

Yes, disbursements from SRF will offset losses from HP thingy. See briefing from ambank when they released the quarter two weeks ago. It mentioned interest free funds being loaned to SMEs at 3.5%, resulting in HP losses being reduced from 400m to 80m

Ad reported by management before releasing quarter, hontop and hinleong. These are the two problematic loans which require full provision about 1b, The former has been impaired in last quarter 430m. Now the legal suit is to try recover at least something from someone, actually something positive because any recovery can reverse the provisions made, which is a gain

ok la, enough for now. you ppl continue dream and shock sendiri.
when I bored, I'll come here again to see what are the funny things you ppl said

naïve and ignorant.
rubbish gp spent billions on P! and sold at a fraction of cost to tm. good business?


Good123 GP is good at creating new thing including P1 worth few hundred million ringgits grabbed by tm

dream like no tomorrow? do you know what's the core business of tencent? wtf tencent wanna come buy some shares of this rubbish company? what's the proprietary technology gp can offer to tencent? tencent nothing better to do? tencent needs gp or gp needs tencent? think with brain, not s

keni371 yes very true ... bcos if the new entrant is Tencent, whatever price does not matter ... it will fly to sky

seriously? first time I hear a listed company issued new shares to nobody and KEEP ASIDE? by whom? WTF!! spin like this also can... facepalm

SpartanFury This is not exactly news... in 2019 at the EGM it was approved that 10% shares would be issued and kept aside for private placement in Q3. Basically, it had already been in existence. Just not in anyone's hands..hell if you all look back a few pages you would see the discussion of waiting the new private placement as yesterday was the beginnin of Q3.

acting like sifu, but can't brain what is the situation
in share market, uncertain = sell and go away. period.

SpartanFury @mikeann.. it's a bit of a mixed bagged situation really..

this forum full of dreamers.. laugh die me... when bored can come here scroll and see what these jokers say.. LOL

Lol, after latest quarter, still “insane”? This rubbish stock will drop further, buying now is suicide

Good123, victoryong are the few diehard supporters of ccpuan, kena kencing still ask for more. These idiots really asked for berak from ccpuan

Facepalm, flooding the forum with useless info to wash out critical comments, naive and stupid

Don’t buy shares by looking at how much who sold and bought and at what prices, it’s stupid. Especially for rubbish goreng stock like gp. share price was pushed up using announcements as smokescreens. You never know how much ccpuan sold at 1.6 through proxy accounts

Ad warned, reality should knock some sense into sweet dreams of die-hard supporters. Told ya sales are drying up, especially after contributions from Star 1 and 2 have been mostly realized and Star 3 sales hit the wall, expect next quarter to be much worse with the halt of all construction activities. With almost nil revenue from progressive billings and cost of business around 70m, expect loss of 60m to 80m for next quarter

Facepalm, laugh die me, gonna get so much cash hoh, 200m pun tak sampai if assume these dreams are realized. debt how much? Close to 300m.... dream some more wanna get license for digital banking. Enough capital or not? Ok la, assume get the license la, how to raise capital? Rights issue? Wtf, these ppl really no medicine can help. Ccpuan kasik kencing tapi these ppl still say not enough, kasik berak somemore, facepalm

Ad warned multiple times, stay away from goreng stock. The way it went up from 0.3x by timely announcements of toilet paper memorandums or product launches clearly indicate goreng at max. Now puancc kasik kencing sama lu orang balu realize. But sure still have some die-hard supporters will come up with story like shake this and shake that la. If want buy tech stock, bursa is not the place. Look further nyse, topix etc. Tech stocks on bursa almost all rubbish, no proprietary technology, only know how to do toilet paper memorandums or ask for gov support. Can grow meh?

Told ya it’s a goreng stock, still die die wanna defend, from 1.xx ad asked you run, until 0.8x my last warning.. I hope there are more who heeded the advice and run early

To be honest la, if cimb fails, I mean IF... everyone in boleh land will be affected, there will be no escape, your epf, pension, amanah saham, fd, savings in bank, ringgit all will gg. If you think this will happen, why not cash out from all these and move all your assets some where else? Somewhere you think safe, if there’s any

Pls la, when and where did you see "human behavior has change, more and more people using glove,"? mask and sanitizer are more common, glove? seriously? kidding yourself can reverse the trend? even mask and sanitizer are easily available nowadays


sunshine99 freetospeak is right

Just take a look at TG share price in 2009 and in 2020, did it fall back to Pre SARS price after SARS has been declare combat? It may adjust back but it will keep growing. At the same time, glove production capacity also keep growing, why the company can still make money? Because human behavior has change, more and more people using glove, it’s still a very big market in 3rd world country.

By the way I also buy into supermx after I read his comment few months back

18/06/2020 1:50 PM

Facepalm, very naive. Still thinking bankers bought a couple hundred lots like retailers...

lolonew i have a question, if IB bought at RM2, why they sell now @RM7 or @RM6.9 not when it was RM9.24?

always take what bankers said with a pinch of salt, and do the opposite

don't be silly and naive to think bankers are so kind to spend so much time writing reports and asking you to buy, so that they can earn that pittance commissions from you.
in share market, you are not playing against each other, you are pitting against the bankers