https://www.freemalaysiatoday.com/category/nation/2020/11/28/epf-doesnt-need-to-borrow-extra-funds-for-withdrawals-says-najib/


To meet the cash flow needs of the estimated RM70 billion in EPF withdrawals, Najib said the retirement fund only needed to liquidate its government bonds into the secondary market where there are ready buyers.

“Alternatively, I have also suggested that EPF sell bonds to Bank Negara Malaysia (BNM) in order to minimise the impact on our secondary bond markets and prevent any sudden spike in yields.”

Provisions will remain elevated. The management guided that provisions will remain elevated in 3QFY20. This will be due to forward looking adjustments as we had observed in the previous quarter. The management will include a management overlay to credit cost. Also, there will be “top up” provisions for legacy accounts in Indonesia and Singapore following from the surge in Covid-19 new cases globally.


-----------------------------------------------------------------------

This one by MIDF on OCTOBER

https://klse.i3investor.com/blogs/midfresearch/2020-10-28-story-h1535507646-CIMB_Group_Holdings_Berhad_More_Concerns_Than_Optimism.jsp

..... but expect loan provisions to stay elevated. While the asset quality and R&R trends were a positive, loan provisions, however, is expected to stay elevated in 3QFY20. Firstly, further overlays across the regions will need to be booked in, together with overlays relating to the targeted assistance programme. Secondly, CIMB will be making top-up provisions relating to several legacy accounts in ID and SG.

----------------------------------------------------------------------

Report by Kenanga IB on OCTOBER.

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-28-story-h1535506715-CIMB_Group_Holdings_Potential_Upside_Risk_to_Credit_Cost.jsp

High provisions have already being made known to analysts during earlier briefing on OCTOBER.

We understand that in 3Q20, provisions remained elevated. Further provisions (management overlay) have been set aside for all the key markets. The group has taken further conservative provisions on a forwardlooking basis in Malaysia based on the increase in credit risk following the targeted assistance programme (TAP). Over in Singapore and Indonesia, provisions have been topped up for certain legacy loans. By segment, provisions for consumer loans in Malaysia were more than that of the other countries. Meanwhile, for non-retail loans, the group is closely monitoring a few borrowers that under the sectors directly impacted by Covid-19.


----------------------------------------------------------------------

The above is a report published by Aminvestment IB on 28 OCTOBER.


https://klse.i3investor.com/blogs/AmInvestResearch/2020-10-28-story-h1535506627-CIMB_Group_To_Book_Further_Provisions_As_Management_Overlay_In_3Q20.jsp

This is just the case of new people (CEO) clearing doubtful bad debts by previous management so that he is taking over with strong balance sheet.

Current bad debts was the result of previous management.

Current revenue and cost cutting measures are the results of current management....and will result in strong performance in future QR.

Current high provisioning had already been highlighted to analysts during earlier briefing.....that was why the stock price fell to around RM3.....current buying is recovery play.

Genting started moving this afternoon after it was announced that people can withdraw 10k from EPF.

More money for people to go gambling in Genting casino....haha.

Dow up more than 300 points.

Energy and Financial lead.

Dow up more than 300 points....Energy and Financial lead gain.

Dow up more than 300 points....Energy and Financial lead gain.

Dow up more than 300 points.....Energy and Financial lead gain.

US banks stocks are sharply higher.

Financials index up more than 2%.

https://mykmu.net/2020/11/24/kenyataan-media-anggota-pentadbiran-kerajaan-daripada-parti-barisan-nasional/

Budget will probably be passed.

https://mykmu.net/2020/11/24/kenyataan-media-anggota-pentadbiran-kerajaan-daripada-parti-barisan-nasional/

Budget will probably be passed.

Bought cheap on October.....added some today

....to average up.....haha.

Haha....tok kok old man calvin is back....

https://www.malaysianow.com/news/2020/11/23/ex-minister-slams-top-glove-after-over-1000-workers-down-with-covid-19/

Former youth and sports minister Syed Saddiq Syed Abdul Rahman launched a scathing attack on rubber glove giant Top Glove today over the large number of its workers who have contracted the Covid-19 virus.

“This company has a problematic record when it comes to the welfare of its workers,” the Muar MP said.

59 posts....CONFIRMED NEWBIE....know how to read TA ah?

Wakaka...LOL

Haha......copy and paste from which forum?

LOL......

https://www.sinchew.com.my/content/content_2380635.html

https://www.sinchew.com.my/content/content_2380635.html

People with "sour grape" mentality will never become successful...what more a millionaire....

Hahahaha.......

“Many of them expect once the pandemic is stabilised and the CMCO removed, the snap election can happen as soon as January 2021,” he said.

DDNK believes that the snap election would be able to resolve the current domestic political situation and hence attract more foreign inflows into the local market and push it higher next year.

“This (snap election) will be one of the biggest catalysts for the market’s bullishness next year,” he told Bernama.

https://www.freemalaysiatoday.com/category/business/local-business/2020/11/21/snap-polls-will-power-klci-to-1800-in-2021-says-asset-management-firm/

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to revisit the 1,800 mark — a level last seen in 2018 — by end-2021, if a snap election is called next year.

https://www.freemalaysiatoday.com/category/business/local-business/2020/11/21/snap-polls-will-power-klci-to-1800-in-2021-says-asset-management-firm/

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to revisit the 1,800 mark — a level last seen in 2018 — by end-2021, if a snap election is called next year.

https://www.freemalaysiatoday.com/category/business/local-business/2020/11/21/snap-polls-will-power-klci-to-1800-in-2021-says-asset-management-firm/

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to revisit the 1,800 mark — a level last seen in 2018 — by end-2021, if a snap election is called next year.

Besides that, he said the optimism over the Covid-19 vaccine would lead to market rotation where investors would shift from growth to value stocks next year, particularly the beaten-down stocks like plantation, airlines, hotel, tourism, gaming, banking, and real estate investment trusts (REITs).

https://www.freemalaysiatoday.com/category/business/local-business/2020/11/21/snap-polls-will-power-klci-to-1800-in-2021-says-asset-management-firm/

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to revisit the 1,800 mark — a level last seen in 2018 — by end-2021, if a snap election is called next year.

With additional profit from gloves and economy returns to normal....dividend above 6.5 sen is realistic for 2022 onward.

Dividend for 2020.....3.35 sen

.........for 2019.....4.5 sen

.2018 and before......not less than 6.5 sen


At current price, 6.5 sen gives a yield of 7.1%.....triple FD and higher than ASB/ASM.

@Tedinvestor.....he/she got NO money to buy..

...so becomes sour grapes...

....so talk 3 talk 4 talk kok...

.....only 9 posts....wakakak....

And only 9 comments....Wakakaka...

Wow...people who have NO money to buy.....

....go to so many forum to spread panic....

....to talk three talk four talk kok.

Good try !

But CIMB is dominated by institution not retail.

No use to talk three talk four here.

Phase one production target : 3.68B pieces of gloves.

At a conservative profit of USD15 per 1000 (pre covid ASPs), it works out to be about 9 sen per share, at a conservative 15 times PE...it's RM1.35 (gloves alone).....fair price plus property should be above RM2.00.


Phase two production target (2022) ; another 3.68B pieces.


Mahsing is now a value (property) + growth (gloves) stock.


But the trading is still volatile.....if want to buy is for keep....

....don't buy to trade.

https://www.theedgemarkets.com/article/dissecting-mah-sings-rubber-glove-ambition

But price not moving much leh.

I own Genting....I want to share with Genting shareholders that I noticed something is brewing at Mahsing.

Disclaimer....I own Mahsing also.

Do your own homework ya.

Market down...Gloves down.....Mahsing up...

....may be the buyers know something that others don't.

https://www.theedgemarkets.com/article/property-developer-mah-sing-turns-rubber-glove-maker

We are also planning to venture into other healthcare and medical device-related ventures and explore the possibility of listing our manufacturing division separately from the group to further unlock its value in the future,” said Leong.


https://www.theedgemarkets.com/article/sinopharm-jvco-sponsor-10000-doses-covid19-vaccine-front-liners


Vaccine ??

https://www.theedgemarkets.com/article/sinopharm-jvco-sponsor-10000-doses-covid19-vaccine-front-liners

Tan Sri Leong of MahSing is involve with China vaccine ??

https://www.theedgemarkets.com/article/sinopharm-jvco-sponsor-10000-doses-covid19-vaccine-front-liners

MahSing Health to be distributor for China vaccine ??

https://www.cnbc.com/2020/11/16/moderna-says-its-coronavirus-vaccine-is-more-than-94percent-effective.html

https://www.theedgemarkets.com/article/iois-1q-profit-jumps-87-amid-stronger-cpo-prices

Plantation profit up due to stronger cpo prices

Bull run how to trap ....haha

Ha..ha..ha....joker with 4 posts only

CIMB...cumming.....more than Genting up 10%

It followed the movement of gloves stocks these few days...

...today, some property stocks are starting to move (SP Setia reported a loss is up today)

Those who miss this boat.....

....CIMB is also coming...

Wow....3.60 broken.....

Wow.....3.60...

Hope can break.....