Posted by Fireplume > 2017-11-16 15:07 | Report Abuse

Think will touch 5.50 soon...better keep cash in own pocket now

Posted by casanwk > 2017-11-16 15:27 | Report Abuse

buy @5.98

Posted by casanwk > 2017-11-16 15:38 | Report Abuse

support level dated 11-22 may17

Posted by Michael Wong Yew Kong > 2017-11-16 15:42 | Report Abuse

Cimb share price is retreating now foreign is selling for window closing. Take notes.

Posted by Happy Trader > 2017-11-16 16:54 | Report Abuse

Long term support broken.

Posted by free2invest > 2017-11-16 17:49 | Report Abuse

Is the share price dropped caused the lost of several magnetic tapes containing back-up data? Worrying that authorities like Bank Negara may take actions against them?

Posted by fmbklci > 2017-11-16 20:53 | Report Abuse

cimb at 5.92?havent seen this for long time. lucky i sold before ex date above 6.40

Posted by Winmore88 > 2017-11-16 21:09 | Report Abuse

ohhh my God...this is nightmare

Posted by shortinvestor77 > 2017-11-16 21:16 | Report Abuse

http://www.klsescreener.com/v2/news/view/307617

Posted by limch > 2017-11-16 21:44 | Report Abuse

CIMB Bank to open a branch in the Philippines
https://www.nst.com.my/business/2017/11/304105/cimb-bank-open-branch-philippines

Posted by shpg22 > 2017-11-16 21:50 | Report Abuse

That's good news. Initiate strong buy to 7.00

Posted by rlch > 2017-11-17 05:54 | Report Abuse

Phil so near M'sia still no branch yet?

Posted by heaven123 > 2017-11-17 09:29 | Report Abuse

both first class conman.

Posted by GoodCompanies > 2017-11-17 09:44 | Report Abuse

Full banking license in Philipines? Happening after PM met Duterte? Hmm..Bro Nazir must owe his big bro big time now .... In any case, this is what we all been waiting for

Posted by kenlee123 > 2017-11-17 10:39 | Report Abuse

Bought at RM 6.00, if RM 5.75 buy again, if RM 5.50 buy again, if RM 5.00 all in

Posted by csl1991 > 2017-11-17 16:10 | Report Abuse

3Q GDP growth at 6.2%, and GDP growth is usually proxy to bank performance...

Posted by shortinvestor77 > 2017-11-18 17:53 | Report Abuse

Banks performed good in this 3rd Q generally (Bank Negara 3rd Q report).

Posted by curious2 > 2017-11-18 22:24 | Report Abuse

Economy grow 6.2% Q3 so better coming QR for CIMB?

Posted by Happy Trader > 2017-11-19 08:29 | Report Abuse

Total EPF holding from 10% to 14%. From rank 21 to top 13

Posted by Happy Trader > 2017-11-19 09:11 | Report Abuse

Morning star doji. Currently, technically positive. Hopefully will climb up soon

Posted by shortinvestor77 > 2017-11-19 20:06 | Report Abuse

We maintain our TP at RM6.90 , derived from GGM based on i) WACC of 9.0% ii) ROE of 9.8%. Maintain HOLD.

http://klse.i3investor.com/servlets/ptres/42868.jsp

Posted by shortinvestor77 > 2017-11-19 20:08 | Report Abuse

http://klse.i3investor.com/blogs/nanyang_stock_expert/138574.jsp

Posted by fmbklci > 2017-11-19 21:26 | Report Abuse

target price is getting lower. before this many research house give cimb target rm7 or more. now they give below rm7. around rm6.50

Posted by Happy Trader > 2017-11-19 22:02 | Report Abuse

Short term maybe due to Thailand under performance. But longer term under current price is definitely worth to invest

Posted by masterus > 2017-11-20 13:20 | Report Abuse

Select Language​▼
CORPORATE
FROM THE EDGE
Rate hike to come on the back of a stronger ringgit
Supriya Surendran & Chester Tay
/
The Edge Financial Daily

November 20, 2017 10:38 am +08

This article first appeared in The Edge Financial Daily, on November 20, 2017.

-A+A
KUALA LUMPUR: The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.000 to the US dollar in the next 12 months.

The local currency has strengthened 7.4% year to date against the US dollar — the second best-performing currency in Southeast Asia after the baht which gained 8.4% in the same period according to Bloomberg data. The ringgit closed at a fresh one-year high of 4.1610 to the greenback last Friday.

Barclays plc senior regional economist Rahul Bajoria is one of the few economists who predict the ringgit could hit the 4.000 to 3.950 mark, premised on stronger economic growth, international reserves and current account balances.

“We think the ringgit remains attractive and should continue to appreciate in the next 12 months. We like the currency based on [the country’s] strong economic growth, improving reserves and current account balances,” he told The Edge Financial Daily via email.

Deutsche Bank head of Asia macro strategy Sameer Goel pointed out that Malaysia’s balance of payments is sensitive to interest rate differentials, and it would be important to see the basis between global rates and those in Malaysia.

“We expect the same to narrow, as the US Federal Reserve is likely to hike rates in December and another three times in 2018. That said, the ringgit is cheap on the average of our valuation models, and so any likely fallout on the currency should be limited,” he explained.

Posted by loico > 2017-11-21 11:30 | Report Abuse

When is QR coming out?

Posted by loyalok > 2017-11-21 17:44 | Report Abuse

Economy fundamental figure good, ringgit is going up but klse ...

Posted by loyalok > 2017-11-21 17:47 | Report Abuse

when KLSE will be in bull run ?.Worldwide share market is running like rocket

Posted by Junichiro > 2017-11-21 19:51 | Report Abuse

The structure of our stockmart is:-
foreign funds - low participation
retail players - low participation
local institutions - high participation

To start the bull, EPF, KWAP, ASN ... must buy n buy. Otherwise, there is no bull. Phone them to start the bull.

Posted by loyalok > 2017-11-21 20:53 | Report Abuse

klse lagging behind our nearby country

Posted by shortinvestor77 > 2017-11-21 22:28 | Report Abuse

（吉隆坡21日訊）國行批准聯昌集團（CIMB，1023，主要板金融）旗下一觸即通卡私人有限公司（Touch `n Go），與螞蟻金服成立聯營公司，在大馬推介新流動付款和其他相關金融服務平台。

聯昌集團向馬證交所報備，國家銀行已致函通知一觸即通卡公司，批准成立TNG數碼私人有限公司。

在這項合作下，一觸即通卡公司將持有聯營公司的主要股權，螞蟻金服為少數股東，這也是螞蟻金服在大馬的首項投資。螞蟻金服是支付寶（Alipay）的母公司。

聯昌集團總執行長東姑拿督查夫魯早前指出，以一觸即通卡在國內的領先地位，加上螞蟻金服的能力，可讓大馬人在長期內參與和使用數碼金融服務。
http://www.chinapress.com.my/20171121/%E5%9C%8B%E8%A1%8C%E6%89%B9%E5%87%86%E8%81%AF%E6%98%8C%E8%88%87%E6%94%AF%E4%BB%98%E5%AF%B6%E8%81%AF%E7%87%9F/

Posted by masterus > 2017-11-22 13:34 | Report Abuse

KUALA LUMPUR: The ringgit was higher against the US dollar early Wednesday as demand for the local note intensified with heightened investor confidence in the currency's fundamentals.

Dealers attributed the positive spillover to Malaysia's 6.2 per cent economic growth in the third quarter of this year and the dollar's subdued performance.

At 9 am(0100 gmt), the local unit was traded 120 basis points higher at 4.1260/1290 against the greenback from Tuesday's close of 4.1380/1420.

OANDA Head of Trading Asia-Pacific Stephen Innes told Bernama the ringgit has been unfettered by the Europen Union's political noise or the recent bid in the dollar across broader markets.


“As it stands, a January 2018 rate hike looks all, but, certain and the robust Q3 GDP does suggest an additional rate hike for 2018, suggesting the ringgit has a long way to go before the currency runs out of gas,” said Innes.

Meanwhile, the ringgit was traded higher against a basket of major currencies.

The ringgit appreciated against the Singapore dollar to 3.0475/0504 from 3.0525/0568 on Tuesday and increased against the yen to 3.6741/6771 from 3.6805/6844 Tuesday.

The local unit improved versus the euro to 4.8435/8483 from 4.8526/8586 and rose against the British pound to 5.4653/4705 from Tuesday's 5.4779/4836. -- Bernama


Read more at https://www.thestar.com.my/business/business-news/2017/11/22/ringgit-higher-against-us$/#ASQxZYBgz0JeMQTo.99

Posted by Happy Trader > 2017-11-22 13:48 | Report Abuse

Why cimb being dumped so heavily ?

Posted by masterus > 2017-11-22 19:15 | Report Abuse

KUALA LUMPUR (Nov 22): The ringgit strengthened to 4.1180 this afternoon against the US dollar, its highest in 27 months since it closed at 4.1058 on Aug 19, 2015.

Year to date, the ringgit has appreciated 8.2% from 4.4862 against the US dollar on Dec 30, 2016.

Reuters reported that most Asian currencies firmed on Wednesday on the back of a weakened US dollar on dovish comments from Federal Reserve chair Janet Yellen, who stuck by her prediction that US inflation would rebound, though she added she was "very uncertain" of it happening.

Bank Negara Malaysia also announced this afternoon that Malaysia's international reserves were unchanged at US$101.5 billion (equivalent to RM429 billion) as at Nov 15 — compared to two weeks ago on Oct 31.

The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt, the central bank said.

As an oil exporter, the ringgit tends to rise when the prices of crude oil go up. At the time of writing, Brent crude oil futures were at US$63.31 per barrel, up 1.2% from its close of US$62.57 per barrel yesterday.

Posted by Happy Trader > 2017-11-23 07:01 | Report Abuse

No hope

Posted by masterus > 2017-11-23 07:05 | Report Abuse

On the Latest US Dollar Weakness
Adam Button Adam Button
AshrafLaidi.com
The main catalyst for US dollar bulls over the past 2 months has been tax reform, but that could also be the catalyst for the bears as Ashraf indicated here and here. The yen was the top performer Wednesday while the US dollar lagged. New Zealand retail sales beat estimates in early Asia-Pacific trading. The Premium Insights took 90-pip gain on 1 of the 2 EURUSD trades. 6 of the existing Premium trades are currently in the green.

For months various markets have been pricing in changes to the US tax code. It's impossible to say exactly what's priced in but it's clear that passing something is more likely than ever. So why the US dollar weakness?

We've been writing this week about the divergence between stock markets and USD/JPY. In the past , there has been a solid correlation between the pair and equity prices. Recently, however, the S&P 500 and Nikkei have soared while USD/JPY has languished.

One theory is that traders are wary of 'selling the fact' and getting out of the way early. Perhaps that's true. Another is that the Fed is increasingly getting worried about low inflation. Today's release of the FOMC minutes showed some members want to hit the pause button after a December hike and wait for inflation to get closer to target. There is probably some truth in that as well.

Back to the tax story. The dollar is selling because of the tax plan. More specifically, the details of the plan. It's increasingly clear this isn't a broad-based tax cut. It's heavily skewed to corporations and the top earners, while offering little to the vast majority of Americans. See Ashraf's notes on the disappointing tax holiday for US multinationals and rising cost of debt in the aforementioned pieces.

Maybe the market is saying that this plan isn't going to boost incomes, wages, investment or growth. Instead it will add to the deficit and lead to spending cuts down the road. What it will do is boost corporate profits and that explains the rosy reaction in stocks

Posted by casanwk > 2017-11-23 10:05 | Report Abuse

break the 6.05-6.09 resistance
keep banging-- good!

Posted by Happy Trader > 2017-11-23 10:24 | Report Abuse

Finally dead cat wake up

Posted by Happy Trader > 2017-11-23 20:02 | Report Abuse

EPF and kwsp keep increase shareholding

Posted by Mypickers > 2017-11-23 20:57 | Report Abuse

Keep buying..ya..ka..

Posted by csl1991 > 2017-11-24 08:55 | Report Abuse

EPF knows that upcoming QR is good...

Posted by casanwk > 2017-11-24 09:12 | Report Abuse

have a great ride on d smart money

Posted by loico > 2017-11-24 10:22 | Report Abuse

when is upcoming QR coming?

Posted by GoodCompanies > 2017-11-24 11:58 | Report Abuse

Wahh..EPF and KWAP buying like crazy....should we follow?

Posted by godshare > 2017-11-25 14:15 | Report Abuse

I think no if only EPF and KWAP is in the market to buy. Other buying come in EPF and KWAP will start to unload.

Posted by shortinvestor77 > 2017-11-25 15:21 | Report Abuse

They bought because they know the next result already, I guess. Of course after QR released, they will sell on news. They are traders too, not just long term investors with big number of shares.

Posted by limch > 2017-11-27 09:47 | Report Abuse

GE14 within days after Chinese New Year?
https://www.nst.com.my/news/nation/2017/11/307580/ge14-within-days-after-chinese-new-year

Posted by limch > 2017-11-27 09:47 | Report Abuse

GE 13 CIMB RM 9. GE 14 RM 8 can?

Posted by linges > 2017-11-28 13:07 | Report Abuse

QR released..

Revenue 4.4b
net profit 1.13b
eps 12.5c
nta 5.3

Posted by csl1991 > 2017-11-28 13:09 | Report Abuse

Satisfactory result in line with expectation