Posted by tkl88 > 2020-09-01 19:04 | Report Abuse

As at 6.45pm,
Nymex at => $43.11 (+0.50) (+1.17 percent) !
Brent at => $45.86 (+0.58) (+1.28 percent) !

Posted by tkl88 > 2020-09-02 08:13 | Report Abuse

Wow, Amazing !‬
‪Dow Jones closed at=>‬
28,645.66 (+215.61) (+0.76 percent) !

Posted by tkl88 > 2020-09-02 17:21 | Report Abuse

Dow Jones continue it's bull run !
As at 4.57pm,
28,824.5 (+202.5) (+0.71 %) !

Posted by tkl88 > 2020-09-03 02:11 | Report Abuse

Wow, Fantastic !
As at 12.45am,
Dow Jones at=>28,898.26 (+252.60) (+0.88 %) !

Posted by tkl88 > 2020-09-03 07:55 | Report Abuse

Walaoeh, Dow Jones spike up 500 points,
Super bull is coming !

Dow Jones closed at=>
29,100.50 (+454.84) (+1.59 %) !

Posted by Jeffreyteck > 2020-09-04 07:15 | Report Abuse

Strong support around $2.80 for the past few months, believe eventually will down to $2.50 as worst has yet to hit banking sector.

Posted by Up_again > 2020-09-08 13:16 | Report Abuse

So where are all the naysayers?
So weird that the healthcare drop for a week but Ambank stays above rm 3

Posted by tkl88 > 2020-09-09 16:27 | Report Abuse

Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 percent) !
Brent at => $46.17 (+0.62) (+1.56 percent) !

Posted by melanie1818181818 > 2020-09-10 05:33 | Report Abuse

Now ad in recovery phase, end of opr cuts, retailers cashing out from stock market to pay loan, few months back, zero loan collection. Noii should have bottomed during mco. Provisions should stay elevated but active and pre-emptive provisioning has been done, should be manageable. Next two quarters should have another 2b of provisions in total, as guided by management. But ad priced in atm, share market moves faster than qr results

Jeffreyteck Strong support around $2.80 for the past few months, believe eventually will down to $2.50 as worst has yet to hit banking sector.

Posted by tkl88 > 2020-09-10 07:13 | Report Abuse

Walaoeh, Dow Jones super bull run !‬

‪Dow Jones closed at=>‬ 27,940.47 (+439.58) (+1.60 percent) !

Posted by tkl88 > 2020-09-10 15:42 | Report Abuse

OPR maintain at 1.75 %
Tommorrow onwards KLSE will spike up liao !

BREAKING : Bank Negara Malaysia decides to maintain the Overnight Policy Rate (OPR) at 1.75%, citing improvement in economic activity

https://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=5110&lang=en

Posted by Woodswater > 2020-09-21 13:45 | Report Abuse

ICIJ揭美财政部密件 大银行完成逾8兆问题转账

香港《信报》报道，国际调查记者同盟（ICIJ）与美国新闻媒体BuzzFeed引述美国财政部机密文件，显示多间全球性银行在1999至2017年间，在内部指交易有可疑下仍替客户转账，总金额超过2兆美元（约8.2兆令吉）。

https://www.enanyang.my/node/354095

https://www.malaymail.com/news/malaysia/2020/09/21/fincen-leaks-public-bank-ambank-lead-malaysias-transactions-flagged-suspici/1905127

Posted by tkl88 > 2020-09-23 13:09 | Report Abuse

Latest news: Anwar Ibrahim confirm he has strong convincing formidable number to take back ruling party...

Posted by tkl88 > 2020-09-23 13:11 | Report Abuse

Possible of annoucement of General Election @2.30pm ...

Posted by farid47 > 2020-09-24 10:47 | Report Abuse

Azaddin Ngah, CEO of Agensi Kaunseling & Pengurusan Kredit, gave assurance that those applying for repayment flexibility will not be negatively tagged in their CCRIS (Credit Central Reference Information System) reports.

Posted by tkl88 > 2020-09-27 11:41 | Report Abuse

Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !

Posted by tkl88 > 2020-09-27 11:41 | Report Abuse

It’s good for our economy, like that next week KLSE will be spike up like mad already !

Posted by tkl88 > 2020-09-29 00:09 | Report Abuse

Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !

Posted by ahbah > 2020-09-29 09:55 | Report Abuse

Malaysian banking sector trading at all-time low against book value.

I oredi kena banyak teruk from the banking stocks bcos of their all time low !

Sell or buy now ?

Posted by satt1984 > 2020-09-30 10:24 | Report Abuse

buy more to average down...,10yrs once chance.ambank was rm8 in 2013

Posted by maimunah > 2020-10-01 11:48 | Report Abuse

The Association of Banks in Malaysia and Association of Islamic Banking and Financial Institutions Malaysia said banks remain committed to support affected borrowers/customers as the targeted moratorium phase begins tomorrow.

Posted by shareinvestor88 > 2020-10-03 19:34 | Report Abuse

ahbah , it is going to get worse. Better sell.

Posted by yfchong > 2020-10-03 20:44 | Report Abuse

ai yah....

Posted by shareinvestor88 > 2020-10-04 09:39 | Report Abuse

Wait till 2.00

Posted by tkl88 > 2020-10-05 12:00 | Report Abuse

Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.

Posted by tkl88 > 2020-10-05 12:00 | Report Abuse

Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards Banking theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-10-06 08:14 | Report Abuse

‪Walaoeh ! ‬
‪Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68%) !

Posted by yfchong > 2020-10-13 07:13 | Report Abuse

Bila boleh balik
4.20....

Posted by khwong2028 > 2020-10-14 13:18 | Report Abuse

super bullish look at the price lol

Posted by ivanlau > 2020-10-15 19:41 | Report Abuse

Ambank average pe 9 , based on current eps 43 x 9 , the fair value should be rm 3.87
today closing 2.88, think about that..........

Posted by shareinvestor88 > 2020-10-15 21:09 | Report Abuse

Think about NPLs , fair value 2

Posted by mf > 2020-10-15 22:36 |

Post removed.Why?

Posted by Pen6 > 2020-10-17 11:17 | Report Abuse

yfchong Bila boleh balik
4.20....
Tomorrow Tomorrow can balik 4.20!
Ambank mah!

Posted by alfred > 2020-10-17 16:52 | Report Abuse

The Employees Provident Fund (EPF) will resume its counter services at its Klang office on Monday, Oct 19, 2020, in accordance with the Conditional Movement Control Order (CMCO) guidelines for the Selangor state.The resumption of services at EPF Klang follows its temporary closure from Oct 9, 2020, following the earlier CMCO imposed for the district.
All members must go through a temperature screening and check in via MySejahtera prior to entering the branch premises and they must follow the EPF social distancing measures during their entire visit.

Posted by ivanlau > 2020-10-20 20:12 | Report Abuse

if based on forward eps 40 x pe 9 , the fair value of year 2020 will be 3.60, today closing 2.91, think about that ..........

Posted by 陈国荣 > 2020-10-21 14:15 | Report Abuse

Good bank, look the annual report. I Realize that GIL is very low, compare with CIMB. But I think that, if economy rebound, big fund will push CIMB shares price go up. Based on CIMB is index stock

Posted by yfchong > 2020-10-25 15:39 | Report Abuse

Stress in seeing the price drops.....hai yaa like uncle roger saying...

Posted by Jeffreyteck > 2020-10-27 08:03 | Report Abuse

Is the gradual drop that trapped in more investors.

Posted by xing > 2020-10-28 11:36 | Report Abuse

The OPR currently stands at 1.75% after the central bank slashed the key interest rate four consecutive times this year, kicking off with the two 25 bps reductions at the January and March meetings, followed by a 50 bps cut in May and another 25 bps cut in July.

Posted by shareinvestor88 > 2020-10-30 21:07 | Report Abuse

ivanlau think about NPL FAIR VALUE 1

Posted by DChosen2 > 2020-10-30 22:47 | Report Abuse

GG BNM gonna reduce OPR again ..

Posted by shareinvestor88 > 2020-10-31 15:29 | Report Abuse

SELL SELL NPL ON THE WAY , TP 1

Posted by tkl88 > 2020-11-01 14:27 | Report Abuse

Covid-19: Malaysia reports 659 new cases, 80.3% from Sabah; daily recoveries hit record 1,000

Ahmad Naqib Idris/theedgemarkets.com
October 31, 2020 18:15 pm +08

https://www.theedgemarkets.com/article/covid19-malaysia-reports-659-new-cases-today-803-or-529-sabah-recoveries-hit-new-daily-high

KUALA LUMPUR (Oct 31): Malaysia reported 659 new Covid-19 infections today, 80.3% or 529 of which came from the worst-hit state of Sabah, while the Klang Valley contributed 10.6% or 70 cases. This raised the country's cumulative positive cases to 31,548, according to the Ministry of Health (MoH).
The number of recoveries hit 1,000 today — the country's highest so far in a day — as recoveries exceeded new infections for the second day in the past four days; on Thursday, recoveries came in at 685 versus 649 new infections.
This means a total of 21,248 patients have recovered so far, yielding a recovery rate of 67.4% of total confirmed cases.
As for active cases, which carry transmission risk, the tally is now down to 10,051 from 10,392 yesterday.
The death toll, meanwhile, remained at 249 or 0.8% of total infections, with no new additions.
No new infection clusters were reported today, according to the MoH. This means the number of active clusters remains at 33, while 114 clusters have ended.
In Sabah, 205 cases originated from existing clusters, while 203 cases were discovered via contact tracing and 121 infections were discovered from other Covid-19 screening tests.

Selangor saw 55 new cases, 18 of which came from existing clusters, followed by 22 from contact tracing, and 15 from other Covid-19 tests.
Labuan and Kuala Lumpur saw 12 and 11 cases respectively, followed by Sarawak (nine cases), Perak (six), Putrajaya (four), Kedah (two), Pulau Pinang (two), Terengganu (two), Pahang (one) and Kelantan (one).
Meanwhile, 137 cases or 20.8% of total infections today were linked to the prison clusters and temporary detention centres, namely the Kepayan cluster (26 cases) and the Rumah Merah cluster (111 cases).
Of the 659 cases reported today, one was an imported infection involving a foreigner who travelled from Bangladesh.

Declining R0
During the question and answer (Q&A) session today, MoH director-general Tan Sri Dr Noor Hisham Abdullah said Malaysia's R0, which measures the contagiousness of the virus, was brought down to 1.5 last week — from 2.2 at the start of the third wave of infections. A higher R0 translates into a higher rate of infection in the community.
For comparison, the second wave had an R0 rate of 3.55.
“Based on the projection for R0 of 1.5, daily new cases should be 1,357. If the R0 is 1.0, it should be 950 cases per day. However, we have been seeing daily cases of below 950 — at 799 yesterday and 659 today. So our R0 is currently below 1.0.
“This means that the measures that have been enforced under the CMCO (conditional movement control order) for the past two weeks — that is, by allowing economic sectors to operate while toning down social, education and sports activities — have resulted in a lower rate of infection,” he added.
Tan Choe Choe

Posted by tkl88 > 2020-11-01 14:34 | Report Abuse

Covid-19: Malaysia’s recovery on track, infectivity rate decreasing, says Health DG
* NATION
* Saturday, 31 Oct 2020 
7:00 PM MYT By TARRENCE TAN and AUSTIN CAMOENS

https://www.thestar.com.my/news/nation/2020/10/31/covid-19-malaysia-on-track-of-recovery-infectivity-rate-decreases-says-health-dg

Posted by tkl88 > 2020-11-01 14:35 | Report Abuse

https://www.thestar.com.my/news/nation/2020/10/31/covid-19-malaysia-on-track-of-recovery-infectivity-rate-decreases-says-health-dg

PUTRAJAYA: Despite daily three-digit Covid-19 infection figures in the country, Health director-general Tan Sri Dr Noor Hisham Abdullah says Malaysia is on the road of recovery.
This was because the projected figures were much lower than expected, as the Health Ministry was predicting a four-digit spike of 1,357 cases on Thursday (Oct 29), based on the 1.5 infectivity rate, or known as the R nought (R0), said Dr Noor Hisham.

If the R0 level was at 1.0, Dr Noor Hisham said Malaysia would have gotten 950 cases on Oct 30 and 955 cases on Oct 31.
“But, there were only 659 cases on Oct 31. This means our R0 level is less than 1.0, ” said Dr Noor Hisham during a press conference at the Health Ministry in Putrajaya on Saturday.

“This meant that the conditional movement control order (MCO) that allows only the economic sector to function has a positive effect on reducing our R0 level to 1, ” he added.
For an R0 level of 1, it means that each Covid-19 patient will infect one other person.
Dr Noor Hisham also credited the lowered R0 level to the efforts of the Health Ministry, adding that they are now targeting to reduce the infectivity level to 0.3.
Dr Noor Hisham also urged Malaysians to play their role in ensuring SOPs are adhered to in order to curb Covid-19.

Posted by tkl88 > 2020-11-01 14:44 | Report Abuse

Wow, Superb Good news !
Covid-19=>Malaysia’s recovery on track !
Furthermore next week is budget 2021 week and US presidential election will be over next week Wednessday !
So, next week start onwards will be the bull market for world stock markets including Malaysia’s KLSE !

Huat ah ! Heng ah ! Ong ah !

Posted by shareinvestor88 > 2020-11-02 00:47 | Report Abuse

HUÀT AR TP 2

Posted by shareinvestor88 > 2020-11-02 13:42 | Report Abuse

HUÀT AR TP 2

Posted by shareinvestor88 > 2020-11-02 22:49 | Report Abuse

HUÀT AR TP 2

Posted by tkl88 > 2020-11-03 06:29 | Report Abuse

The Dow and S&P 500 zoom higher as Wall Street predicts Joe Biden will win
By Anneken Tappe, CNN Business

Updated 1942 GMT (0342 HKT) November 2, 2020
https://edition.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html

New York (CNN Business)The Dow and S&P 500 were up on Monday, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks opened sharply higher before encountering some volatility and paring some gains.
The Dow (INDU) was still up 1.4%, or some 360 points, mid-afternoon. At its high point, the index gained more than 500 points. The broader S&P 500 (SPX) was up 0.9%.
Both benchmarks are retracing some of their losses from last week, when they recorded their worst week since March.
Meanwhile, the Nasdaq Composite (COMP) reversed its earlier gains and fell 0.2% in mid-afternoon trade.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.

A Biden win would also likely mean less news and headline risk for stocks in the term to come, investors believe.
"If the polls are roughly right, Joe Biden is going to win the election comfortably and we will know that before midnight tomorrow," said Andy Laperriere and Don Schneider at Cornerstone Macro.
Even if the polls are wrong, the evidence is still pointing to a Biden victory, they added. Prediction market PredictIt puts a Biden win at 65%.
"We have been emphasizing that the Senate outcome is important for the trajectory of fiscal policy," said Citi economist Andrew Hollenhorst in a note to clients, even though neither party is likely to get a filibuster-proof majority so bipartisan cooperation could still be needed for the next stimulus bill.
"Under any election scenario we expect a $1.5 trillion plus fiscal package, possibly as early as just post-election," Hollenhorst said.
Congress has been stuck on negotiating a second stimulus deal since the summer. Investors have been waiting for results, getting jumpy at any headlines about the progress. What this really tells us is that markets believe the US economy needs more help getting back on track as the effects of the CARES Act are running out.
So far the economy's improvements have been rather uneven. For example, millions of jobs have been added back since the spring lockdown, but the economy is still down more than 10 million jobs from February.
Millions of Americans still need government benefits to make ends meet, and that's bad news because the US economy relies heavily on consumer spending.
Analysts at Goldman Sachs (GS) expect consumer spending to wane in the coming months because of the Covid-19 resurgence is keeping people at home and any new stimulus package will probably take until 2021 to kick in.
And as if this election and its repercussions weren't enough for investors to think about, the week is also filled with important economic reports, including the October jobs report.
On Monday, the Institute for Supply Management reported that America's factories did better than economists had predicted in October. The sector's purchasing managers' index rose to 59.3 points from 55.4 points in September, its highest level since September 2018. Any value over 50 denotes an growth in the sector.