It will be good for CIMB if more investor like DeepValueInvestor buy the share.

Home work Well Done!

https://www.cnbc.com/2020/06/21/banks-have-grown-by-2-trillion-in-deposits-since-coronavirus-first-hit.html

https://www.cnbc.com/2020/06/21/banks-have-grown-by-2-trillion-in-deposits-since-coronavirus-first-hit.html

https://www.malaymail.com/news/money/2020/06/15/aminvestment-bank-maintains-buy-call-on-mah-sing/1875687

KUALA LUMPUR, June 15 — AmInvestment Bank Bhd Research (AmBank Research) has maintained its ‘Buy’ call on Mah Sing Group Bhd with an unchanged fair value of RM0.79 per share based on a 60 per cent discount to its revalued net asset value.

https://www.theedgemarkets.com/article/mah-sings-m-luna-kepong-sees-good-response


KUALA LUMPUR (June 15): M Luna’s Phase 1A by Mah Sing Group Bhd has hit a take-up rate of 90% since its launch on Saturday and yesterday. Due to the good response to Phase 1A, the developer opened Phase 1B for sale with early bird privileges. Phase 2 will be launched at a later date.

Look at the latest disclosure, EPF has been accumulating almost on a daily basis.

US Financial index is now up more than 3%

....sebab dia tarak duit beli......

https://www.theedgemarkets.com/article/banks-seek-concessions-help-ease-hire-purchase-pain

https://klse.i3investor.com/insider/substantialShareholder/1023/02-Jun-2020/489436_401792748.jsp

EPF continues to accumulate, now own 16.05% as at 12-5-20



https://klse.i3investor.com/insider/substantialShareholder/1023/02-Jun-2020/489437_401792750.jsp

KWAP also continues to accumulate.

Top ten in volume today.

Posted by mf > May 27, 2020 6:00 PM | Report Abuse

run

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Posted by mf > May 28, 2020 1:20 AM | Report Abuse

run

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Run ??????

Ha...ha.....ha.......

https://www.malaymail.com/news/money/2020/05/28/moodys-investors-service-liquidity-of-maybank-cimb-and-public-bank-to-remai/1870342

KUALA LUMPUR, May 28 — Moody’s Investors Service expects liquidity of Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and Public Bank Bhd to remain strong despite the Covid-19 pandemic, underpinned by deposit growth.

In its latest report, the credit ratings agency said the capitalisation of Malaysia’s three largest banks by assets should remain stable as capital generation would outpace capital consumption due to weaker loan growth.

Hahaha.....so surprised there are indeed people with such mentality.......hahaha.....

https://www.theedgemarkets.com/article/shares-reach-10week-high-sp-500-eyeing-3000

LONDON/SYDNEY (May 26): World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-US tensions to focus on more stimulus in China and a re-opening world economy.

Britain's FTSE and Japan's Nikkei led their regions with 2.2% gains, while US S&P 500 futures cleared the 3,000 level for the first time since early March, when the economic impact of the coronavirus was just becoming clear.

Europe's early spurt saw the STOXX 600 score a near 11-week high. Travel and leisure stocks jumped almost 6% after Spain had said quarantine-free tourism would resume next month.


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Haha.....lonely, silly, nonsense.

60% unemployment?

No wonder you are lonely...who wants to be with someone who think silly and talk nonsense.

Haha.

Posted by stockraider > May 26, 2020 11:26 AM | Report Abuse

Why bank will do well despite poor economics condition ??

People are saying banks will suffer from sub prime loan, interest morotarium, interest cut etc....but do u know bank is a defensive investment leh ??

Why leh ??

1. U borrow from the bank the bank ask u about your income, then they ask u to put 20% to 25# of deposits on the assets b4 the bank will lend u loh..!!

2. After u have been servicing your loan for sometime, suddenly u got hid by mco....u got pay cut....u appeal the bank to restructure your loan portfolio ?
The bank will look at your loan with security coverage 1.4 to 1.0...he will say yes restructure your loan but u must sign this and that and pays your instalment longer...that means longer term repayment...u actually more interest....the bank make monies mah...!!

3. Say after another 6 mths your company bungkus and start retrenching...u get some retrenchment monies say 6 months of your salary...u again approach the bank for help. The bank ask u how much cash you have and how much u can contribute loh ??
U show the bank your retrenchment monies...the bank say ok u contribute 30% of your monies...they will give u a instalment holiday for 3 months then 3 months later u start a new instalment plan at 25% lower from existing instalment....that means your loan is extended longer another few more years. For the banks still make monies from u loh..!!

4. 6 months later u approach the bank again...u tell them u cannot...tahan servicing...u still have not get a job...the bank say will give u 3 months grace...but will charge u penalty interest..after that they will lelong your property.

5. U run around borrow from father, mother, brother, sister u pay the bank all the interest and instalment in arrears including penalty interest loh...!!

6. U still keep up servicing your instalment...but sometime behind 1 to 2 month instalment....when it hit 3 mths the bank give u lawyer warning letter threathening to foreclosure. But u cannot afford to pay...so the bank lelong your properties........they recover principal...rm 300k, interest plus penalty interest rm 40k and legal and lelong fees of rm 15k.....all charge to your account....after offsetting your property proceeds....there is a shortfall of rm 20k....the bank still sue u personally for the balance with interest.
U meet the bank....the bank says u pay rm 600 every month...the interest pa is 7.5% pa...u already get a lower pay job now staying with parent..so u continue payment....notice the bank still make monies from u loh...!!

7. Thats is how banking model work mah...u need to die 1st b4...the bank suffer loh...!!


Posted by stockraider > May 26, 2020 11:35 AM | Report Abuse

Looking at the bank model....as a bank shareholders, u r safe and very happy loh...!!

Everybody work hard paying for the bank loan 1st mah...!!

After your hardwork u really still cannot pay...the bank sell your assets mah..!!

But after selling your assets, they still go after u for any shortfall loh...!!

U still need to repay the lower balance shortfall with higher interest rates by instalment bcos it is unsecured loan loh...!!

U like this type of business or not leh ??

Warren buffet like this very much mah...!!



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Hahaha.....very well said !!!

Took a long break....went jalan jalan.....and enjoying my beers most of the time....haha

I sold KSL to make up losses for Perak Corpse.....luckily.

Perak Corp lost RM363,000

Sold 200,000 shares at 4.50 in November 2014.

Hi Calvin, I am back after a six years holiday.

Posted by investortrader88 > May 25, 2020 4:52 PM | Report Abuse

The news provided by media maybe can help us to understand a bit why Khazanah have been reducing their stakes in some PLC in equity to avoid exposure to higher risk of investment.

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Good home work done.

This is the kind of investor who buy CIMB at current level.

Cheers.......

No la. Normally this trained Monkey, who go to many tread to talk 3 talk 4 talk cock, do not have money to buy.

She only got free time to do silly things.

Posted by investortrader88 > May 25, 2020 12:03 PM | Report Abuse

Top 25 shareholders own 78.17% of Cimb Group Holdings Berhad.

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According to disclosure made on 20-5-20, EPF has been accumulating on a daily basis....KWAP has also been buying.

Khazanah has recently sold TM for 750M, reason being to invest in new investment.....will they also buy like EPF and KWAP ?

Posted by Bao2lai > May 24, 2020 11:53 AM | Report Abuse

Ya, we mostly encourage to react with current information and estimate an foreseeable near term share movement. When good news come in with increasing share price, we buy. Similarly when bad news about company performance with down trend share price we sell. This intelligent movement jump in good news and jump out at bad news can be done by a trained monkey.
24/05/2020 11:46 AM

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VERY WELL SAID !!

So, from the posting, we can differentiate the trained money from the smart investor.

I am a value investor, started buying in early April and will continue to accumulate at different levels, the lower the better.

https://klse.i3investor.com/blogs/savemalaysia/2020-05-23-story-h1507806732-Banks_earnings_show_real_economy.jsp

The bank’s provisions at RM968mil during the first quarter, which was mainly contributed by its Singapore operations, are almost double its net profit.

On a year-on-year comparison, CIMB’s provisions were triple the amount during the corresponding quarter last year at RM300mil.

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They made additional 668M provision verses 1Q19.
The 1Q profit without this additional provision will result a net profit 1.175B, which is commendable.

https://klse.i3investor.com/servlets/ptres/55022.jsp

More O&G provision top-up. The oil & gas loan portfolio, which makes up 2.3% of total lending is set to drag bottom-line (30% of this are impaired and loss coverage is 80%). So far, we gathered 2 accounts here got hit by fraud and seem unsalvageable. Hence, CIMB intends to provide 100% loss for both bad loans (one in 1Q20 and the other likely in 2Q20); from our channel checks, these could amount close to RM1b.

Management already made known about the large provisions during their conference call on 28/4/20.

https://klse.i3investor.com/servlets/ptres/55028.jsp

O&G impairments: RM1bn provisions – Management guided two major loans to oil & gas (O&G) trading companies will likely see full provisions totaling ~RM1bn.

In the last paragraph of the press release, it says....

We remain committed to
providing returns to our stakeholders.

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Unlike banks in UK, where dividend is being suspended for this year.

https://klse.i3investor.com/blogs/MplusOnline/2020-05-22-story-h1507779110-M_Online_Technical_Focus_22_May_2020.jsp

CIMB has experienced a short-term consolidation breakout above the RM3.52 level on mild volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM3.65-RM3.83 levels. Support will be pegged around the RM3.37 level.

Source: Mplus Research - 22 May 2020

https://www.theedgemarkets.com/article/maybank-1q-net-profit-rm205b-revenue-climbs-rm1322b

https://www.theedgemarkets.com/article/malaysian-banks-remain-robust-facing-covid19-headwind-sp

Malaysian banks are quite robust with a clear position of strength in facing the bump of the COVID-19 crisis and are seen better placed compared with their regional peers, said S&P Global Ratings.

Among banks under its coverage, S&P Ratings had given A rating with stable outlook for Public Bank and A- with stable outlook for Maybank and CIMB which were on par or higher than sovereign rating of Malaysia which is at A-, and believes that the Government is highly supportive of the banking industry.

“The banks enjoyed 2 to 3 notches of stand-alone credit profile (SACP) protection. Therefore, at this juncture the rating downgrade is very unlikely, given the current scenario,” she noted.

Posted by investmalysia > May 21, 2020 9:26 AM | Report Abuse

Gtrade, no need to make noise here. If you don’t like just switch broker. Anyway brokerage is Min RM8 per trade only. Wont affect CIMB much.

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Correct correct correct.....Just Switch Broker, CIMB will not miss you.

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488506_2738761859.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488507_2738761858.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488510_2738761818.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488504_2738761863.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488503_2738761864.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488509_2738761854.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488508_2738761856.jsp

KWAP also continues to accumulate......owns 700M shares as at 6th May 2020.

https://klse.i3investor.com/insider/substantialShareholder/1023/20-May-2020/488500_2738761869.jsp

EPF continues to accumulate......owns 1.5B shares as at 6th May 2020.

https://www.theedgemarkets.com/article/maybank-indonesia-1q-net-profit-leaps-30-feebased-income

https://www.theedgemarkets.com/article/indonesia-surprises-holding-key-rate-amid-volatile-market

https://www.theedgemarkets.com/article/indonesia-surprises-holding-key-rate-amid-volatile-market

https://www.cnbc.com/2020/05/18/dividend-rich-bank-stocks-are-late-to-the-rally-but-their-bounce-may-be-a-good-sign-for-market.html

Mike Mayo, Wells Fargo banking analyst, said there was also positive news for the group, when Warren Buffett’s Berkshire Hathaway disclosed that its holdings continue to be heavily in banks, even though it sold a large chunk of a long-held stake in Goldman Sachs and shed some of its JPMorgan stock.

“Buffett still has basically his biggest investment in history in the banks. That’s quite a statement. He’s not afraid to bail when something’s not going the way it should. The best investor of all time has his biggest investment ever, less 3%, in banks. Maybe he knows something the market is missing,” Mayo told CNBC in an email.

Mayo notes that Buffett’s holdings remain in Bank of America, Bank of New York Mellon, and M&T Bank. Berkshire also built higher stakes in PNC and U.S. Bancorp, Mayo added.

https://www.cnbc.com/2020/05/18/dividend-rich-bank-stocks-are-late-to-the-rally-but-their-bounce-may-be-a-good-sign-for-market.html

Mike Mayo, Wells Fargo banking analyst, said there was also positive news for the group, when Warren Buffett’s Berkshire Hathaway disclosed that its holdings continue to be heavily in banks, even though it sold a large chunk of a long-held stake in Goldman Sachs and shed some of its JPMorgan stock.

“Buffett still has basically his biggest investment in history in the banks. That’s quite a statement. He’s not afraid to bail when something’s not going the way it should. The best investor of all time has his biggest investment ever, less 3%, in banks. Maybe he knows something the market is missing,” Mayo told CNBC in an email.

Mayo notes that Buffett’s holdings remain in Bank of America, Bank of New York Mellon, and M&T Bank. Berkshire also built higher stakes in PNC and U.S. Bancorp, Mayo added.

https://www.cnbc.com/2020/05/13/stock-market-futures-open-to-close-news.html

Dow claws back 458-point loss, turns positive as banks rally

https://www.theedgemarkets.com/article/banks-entering-hardship-period-position-strength-%E2%80%94-bnm

https://www.businessinsider.sg/stock-market-bottom-2021-could-boom-year-stocks-jeremy-siegel-2020-5

More money has been added to the system in the past eight weeks than was added in the entire year following the collapse of Lehman Brothers, according to Siegel.

Once confidence begins to recover, that liquidity will flow into spending and into the stock market.

“I do think that the March low is definitely going to be the low,” Siegel said, adding that the stock market can make news highs in the next year-and-a-half to two years.

Still, there is risk, according to Siegel.

“The only worse-case scenario is if there’s a huge second wave in October, we don’t have therapeutics, no vaccine is available … and there’s a total shut down again,” he said.

While Siegel said that investors can’t take that possibility off the table, he views it as a low-probability risk.

https://klse.i3investor.com/blogs/savemalaysia/2020-05-07-story-h1506939064-SRR_relaxation_can_boost_bank_earnings.jsp

https://www.nst.com.my/business/2020/05/590076/rm16bil-additional-liquidity-bank-negara-relaxes-srr

Why is the "non investor" so concerned about whether other ppl buy or not???

It will probably be lower revenue and lower profit.....not negative revenue and losses.

During the conference call on 28th April, management is still holding to a 40-60% dividend payout guidance.

https://klse.i3investor.com/servlets/ptres/55028.jsp

https://www.cnbc.com/2020/04/30/ubs-worlds-wealthiest-sticking-with-stocks-despite-coronavirus-crisis.html