Posted by money game > 2019-08-02 09:42 | Report Abuse

now actually is to wait for QR result.. but due to BNM cut rates, therefore investors suspect the profit in banking line will drop, that's why all the banks share drop like shit..

Posted by money game > 2019-08-02 09:52 | Report Abuse

Hong Leong from RM20.06 highest in May drop till 17.68... Maybank from RM9.10 till RM8.67, PBB from RM23.86 till RM21.76... and CIMB from RM5.45 till now RM5.06

Posted by Scavenger23 > 2019-08-02 09:56 | Report Abuse

Expect two more times for rate cut in future buy at rm4.5

Posted by Fundamentalist > 2019-08-02 10:07 | Report Abuse

It’s hard to catch the bottom, if going for mid to long term, does it make sense to collect now?

Posted by Fundamentalist > 2019-08-02 10:09 | Report Abuse

Klci is hovering around 1630 support level, or should start collecting after it breaks and nose dive further?

Posted by money game > 2019-08-02 10:21 | Report Abuse

fundamentalist, if for mid or long term, I will said any price below RM5.20 is a good buy.. CIMB support level is RM5.00 - RM5.05, now actually is testing the support level, if break will go till RM4.80.. around 25 cents from now..

Posted by Fundamentalist > 2019-08-02 10:41 | Report Abuse

Money game, excellent advise. I am holding some, ready to collect more while waiting for a better entry point.

Posted by money game > 2019-08-02 11:29 | Report Abuse

fundamentalist, for mid term, say less than 2 years, it is not so difficult for CIMB to go back to RM6.00.. that's why I think the price now is a good buy... of cos the price may still further drop due to other factors like US-China trade wall etc.. but once all these factors gone, the price will be up back,,, the fundamental for CIMB is still very strong..

Posted by Fundamentalist > 2019-08-02 15:00 | Report Abuse

Money game, agreed. ^_^

Posted by mobidick > 2019-08-02 15:20 | Report Abuse

600 counters down, i advise not to enter yet, to enter now is like catching knife, see for a trend. Last year during market rout, cimb went to down until 4.5-4.8++. No matter how good fundamental you cannot fight bigger trend. Hold steady, u can always enter during up climb.

Posted by money game > 2019-08-02 15:29 | Report Abuse

mobidick.. what is the best price do you think should enter?

Posted by mobidick > 2019-08-02 15:36 | Report Abuse

Technically the pricing now is correct, but try see the bigger market. Banking sector is down as well as klci. So i am looking for volatility to ease down actually.

Posted by money game > 2019-08-02 15:56 | Report Abuse

basically you are right.. and in fact there is no right no wrong too... if you think this is the lowest and buy, then price may drop much lower... but if you think price can go lower and wait, but the price may go up and you miss the boat... this is why so many ikan bilis get caught... in share market, only the big players will manipulate the price... they are the one who decide the price up or down, ignoring the fundamental and technical... therefore many ikan bilis kena burn bcos we cant even know what is the price will go to... but for mid term or long term players, it wont consider much what is the lowest, cos you never know what is the lowest, so just buy and keep till the TP that you want to sell..

Posted by Smallretailer > 2019-08-02 17:57 | Report Abuse

good decision making exiting Hong Kong at the current outlook. protests are making it quite unstable there.can always go back later

Posted by money game > 2019-08-03 12:58 | Report Abuse

yesterday foreign investors net sold off RM377 million shares, that's why KLSE dropped 12 points..

Posted by masterus > 2019-08-04 16:09 | Report Abuse

CIMB shuts HK investment banking operations

KUALA LUMPUR: CIMB Group Holdings Bhd has closed its Hong Kong investment banking (IB) business, citing existing collaboration with its Hong Kong partner in the competitive North Asian market.

Jefferi Hashim, CEO of CIMB Investment Bank said yesterday that with its pan-Asian collaboration with China Galaxy International (CGI), it has recalibrated its investment banking business. The bank said existing clients in Hong Kong will continue to be supported through the collaboration with CGI.

Posted by masterus > 2019-08-04 16:10 | Report Abuse

The bank, Malaysia’s second largest by assets, was reported to have let go of 10 investment bankers based in Hong Kong due to strong competition, leaving only one to oversee the transition, capital markets publication IFR reported.

In 2017, CIMB sold a 50% equity interest in its international brokerage business to China Galaxy Securities 601881.SS, which owns CGI, creating a cash equities joint venture.

The joint venture includes institutional and retail brokerage, equities research and associated securities businesses in Indonesia, Singapore, Thailand, Hong Kong, India, South Korea, UK and the United States. — Reuters

Posted by JQ > 2019-08-04 17:21 | Report Abuse

Continue to drop ?

Posted by chanjinone > 2019-08-04 17:28 | Report Abuse

Good news. Will go up

Posted by JQ > 2019-08-04 19:25 | Report Abuse

How? Since CIMB sold their business

Posted by chanjinone > 2019-08-04 20:21 | Report Abuse

Go ask google

Posted by Smallretailer > 2019-08-04 22:52 | Report Abuse

watch the news on latest protests in hong kong. getting out of hand. girl being molested by protestors. should exit and come back when more stable

Posted by armadasaxon > 2019-08-05 09:03 | Report Abuse

Good crash more.

Posted by masterus > 2019-08-05 10:09 | Report Abuse

Hong Kong protesters pelt police station

By AAP
5:31pm Aug 4, 2019
A police station in Hong Kong has become the target of protesters' anger as rallies in two different parts of the city converged into one, with participants gearing up for another night of protracted demonstrations.
Following a rally in the Tseung Kwan O area, some protesters used what appeared to be a long, homemade slingshot to hurl rocks, bricks and other objects at a police station on Sunday night.
They shattered multiple glass windows, authorities said. Demonstrators elsewhere also began to barricade and block roads.

Posted by armadasaxon > 2019-08-05 22:12 | Report Abuse

Nice..if it ain't collapse..haha!!

Posted by masterus > 2019-08-06 08:04 | Report Abuse

Hong Kong’s Richest Lose $19 Billion as Protests Batter Stocks
By Venus Feng and Pei Yi Mak
August 5, 2019, 6:56 AM EDT
Updated on August 5, 2019, 8:05 AM EDT
City’s equity market has declined for nine consecutive days
Li Ka-shing’s net worth dropped by about 9% in the sell-off

Posted by RainT > 2019-08-06 09:17 | Report Abuse

yeah

break RM5.00

more downside please

Posted by yfchong > 2019-08-06 09:32 | Report Abuse

Wah Lau eh

Posted by yfchong > 2019-08-06 09:33 | Report Abuse

Durian runtuh

Posted by Willtolive > 2019-08-06 10:29 | Report Abuse

Once RM5 is broken, the leak will continue

Posted by yfchong > 2019-08-06 12:32 | Report Abuse

If got 10 cts dividend OK boh

Posted by masterus > 2019-08-06 12:33 | Report Abuse

Trumpet is watching Hong Kong zombies movie with their popcorn and coke.

Posted by yfchong > 2019-08-06 12:56 | Report Abuse

Mr T n Mr X arm wrestling now....

Posted by armadasaxon > 2019-08-06 13:13 | Report Abuse

Round 2 later

Posted by armadasaxon > 2019-08-06 15:52 | Report Abuse

No bloodsherd...so boring.

Posted by RainT > 2019-08-06 16:43 | Report Abuse

finish bloodshed

so fast

at least last until tomorrow ma

I not yet buy anything

haiz

Posted by RainT > 2019-08-06 16:44 | Report Abuse

when 2nd round???

Posted by mobidick > 2019-08-06 17:00 | Report Abuse

Saw it reach 4.99-4.98 for awhile, got panic a little. Adrenaline rush.

Posted by yfchong > 2019-08-06 18:06 | Report Abuse

Close green

Posted by yfchong > 2019-08-07 08:06 | Report Abuse

New York Green. Blood Shed over. ?

Posted by yfchong > 2019-08-08 12:58 | Report Abuse

Oh Cimb...

Posted by JQ > 2019-08-08 17:41 | Report Abuse

Double bottom forming

Posted by freddiehero > 2019-08-08 18:24 | Report Abuse

good invest

Posted by yfchong > 2019-08-08 20:11 | Report Abuse

On the pirate ship.

Posted by Calvin882 > 2019-08-09 08:19 | Report Abuse

Probably the price is being hold back due to the proposed interest rate cut

Posted by bullstudent > 2019-08-09 11:53 | Report Abuse

Please drop more to 4.5

Posted by chanjinone > 2019-08-09 15:52 | Report Abuse

ya please wait patiently for 4.5

Posted by yfchong > 2019-08-09 16:51 | Report Abuse

Wow 4.50... Really terrible.

Posted by Smallretailer > 2019-08-09 17:08 | Report Abuse

4.50 not this bank already ma. second largest in Malaysia u put that price even i will que all in haha

Posted by yfchong > 2019-08-11 09:29 | Report Abuse

No worry can go to windscopo blog to check he explains well.. cheers