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4 comment(s). Last comment by Keyman188 2021-09-01 10:06

calvintaneng

56,440 posts

Posted by calvintaneng > 2021-09-01 09:47 | Report Abuse

No. Cannot overweight on banks for these reasons

1. Covid 19 still ongoing and more than 70% of SMEs either closed or scale down operations due to MCO lock down

As such loans will shrink as Cimb bank forecasted

2. The profits and dividends of banks currently cannot be sustained as day of reckoning for Loan moratorium deferred

Once Loan payment resumes many will default and banks will book huge losses leading to impairment of bank's balance sheet

Then Npl will rise and dividends will dry up

In fact must sell banks now in euphoria

Keyman188

5,968 posts

Posted by Keyman188 > 2021-09-01 09:50 | Report Abuse

Really laugh die Keyman188 liao...

Fortunate Keyman188 never listen to you...



wkwkwk...kekeke...hehehe...

calvintaneng

56,440 posts

Posted by calvintaneng > 2021-09-01 10:03 | Report Abuse

No need

Gpacket, mmag and Sendai punters also never listened and all chased at same bullish price of Rm1. 60.

Keyman188

5,968 posts

Posted by Keyman188 > 2021-09-01 10:06 | Report Abuse

Your investment behaviour more on gambling than investment...

Keyman188 really pity newbies never study & follow your suit...




wkwkwk...kekeke...hehehe...

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