Posted by masterus > 2020-05-22 06:17 | Report Abuse

Australian coal exporters are facing the risk of tougher restrictions selling into China as government authorities in Beijing direct state-owned power plants to purchase domestic product instead.

The move threatens to add to escalating tensions between Australia and its largest trading partner and follows new customs reforms that analysts fear could lead China to delay cargoes of Australia's most lucrative export, iron ore.

Posted by WarrenPuffet > 2020-05-22 07:18 | Report Abuse

Timing to go in is not right. Currently covid 19 cases already exceeded 5m and death toll is on 333k. So far only 2m cured and 3m+ still struggling and based on the spreading rate I afraid to say that the death toll will reach more than "half a million"
Even though Malaysia successfully control the outbreak it is pointless as they can't fully reopens the economy due to many countries still spreads like mad cow.
The travel, tourist and some businesses still will struggle to death at the end.
Japan already announced if the virus still drags for 4-6 months time estimated 40+% of their country newly setup business will goes down and the truth is the virus definitely will still be here for another few month.

Posted by stkoay > 2020-05-22 11:29 | Report Abuse

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

Posted by idkdontaskmelol > 2020-05-22 17:13 | Report Abuse

Quarter report out guys, not looking good, but expected

Posted by lazycat > 2020-05-22 17:19 | Report Abuse

cimb holland liao, i considered myself lucky because i sold it off at 4.91 on Feb2020 , gain chicken feeds only but if i hold till now, then i'll be stucked for a long long coming time

Posted by lomas > 2020-05-22 17:33 | Report Abuse

wow not sure what will happen next quarter

Posted by lkoky > 2020-05-22 17:38 | Report Abuse

moratorioum belum start already -56%... really no eye c

Posted by RogerTan901111 > 2020-05-22 17:49 | Report Abuse

@ikoky, you do realise.. it's provisions right?

Posted by IanQ > 2020-05-22 19:08 | Report Abuse

and guess who was the CEO?

Posted by WarrenPuffet > 2020-05-22 19:20 | Report Abuse

If anyone know who George Soros is, he already warned about the negatives

Posted by Jeffreyteck > 2020-05-22 19:46 | Report Abuse

June results should be bad yoy as last June is simply too good.

Posted by investortrader88 > 2020-05-22 20:36 | Report Abuse

bought cimb today.prepare to hold for mid to long term.good luck everyone.

Posted by slayingsaber > 2020-05-22 20:40 | Report Abuse

bought for long term holding

Posted by mf > 2020-05-22 21:26 |

Post removed.Why?

Posted by yfchong > 2020-05-23 10:13 | Report Abuse

Gap down

Posted by investmalysia > 2020-05-23 11:16 | Report Abuse

GAP down and then close the GAP lol

Posted by stanicmail > 2020-05-23 11:53 | Report Abuse

I think the result not bad, in this situation still have profit. I always buy bank stocks if pe below 10. And cimb is the highest dividend.

Posted by investmalysia > 2020-05-23 12:17 | Report Abuse

Correct. 400 mil profit. Look at Genting 400 mil loss

Posted by stkoay > 2020-05-23 13:34 | Report Abuse

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

We remain committed to
providing returns to our stakeholders.

-------------------------------------------------------------

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

Posted by investmalysia > 2020-05-23 14:09 | Report Abuse

True. A lot of shareholders complain

Posted by kl_guy > 2020-05-23 17:03 | Report Abuse

Banking stock is the recover first after a stock market collapse on 1997 . will that happen this time?
Look Like Covid-19 vaccine will be out by september where sinovac and moderna is doing phase 2 testing. Can we bet on banking stock ?

Posted by stockraider > 2020-05-23 17:05 | Report Abuse

Everybody expect complete collapse of cimb performance to a loss.

But cimb perform much better than expectation with a reasonable profit mah...!!

Posted by stkoay > 2020-05-23 17:46 | Report Abuse

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.

Posted by stkoay > 2020-05-23 17:47 | Report Abuse

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.

Posted by numberone > 2020-05-23 18:59 | Report Abuse

CIMB has huge loan book, 100% provision to whole o&g will not hurt them, we can see huge profit still

Posted by investmalysia > 2020-05-23 21:09 | Report Abuse

It’s good that they Include the provision separately in few quarters rather than one time provision

Posted by stkoay > 2020-05-23 22:11 | Report Abuse

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.

Posted by shareinvestor88 > 2020-05-24 00:53 | Report Abuse

Sell SELL TP 1

Posted by buffet3333 > 2020-05-24 11:23 | Report Abuse

''And those with significantly higher portions of floating-rate loans – the very same reason that protects banks from higher modification loss from HP loans – will be hit harder by NIM compression. Among them are RHB Bank Bhd (whose loan portfolio comprises 88.6% floating-rate loans), CIMB Group Holdings Bhd (84.6%), Alliance Bank (Malaysia) Bhd (83%) and Hong Leong Bank Bhd (81.8%)''

https://www.theedgemarkets.com/article/are-battered-banking-stocks-now-good-bargain

CIMB will be hammered again after OPR cut expected in July...sell now sell fast

Posted by Bao2lai > 2020-05-24 11:53 | 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

Posted by Keyman188 > 2020-05-24 11:56 | Report Abuse

Soon will join the party......

Posted by numberone > 2020-05-24 12:30 | Report Abuse

The price has factored in all, CIMB is stable and strong, this is a good fundamental stock

Posted by BATFLY > 2020-05-24 13:20 | Report Abuse

More, stable then oil n gas stock..

Posted by stkoay > 2020-05-24 15:54 | Report Abuse

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

----------------------------------------------------------------------

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.

Posted by Maxireturn > 2020-05-24 16:50 | Report Abuse

You won’t be here if you are a value investor. All traders and punters here kiki

Posted by kl_guy > 2020-05-24 17:40 | Report Abuse

cimb is control by the big boy epf, kwap and others gov fund. up or down is their say.
let's watch Wednesday. I think nothing will happen. Price maintain .

Posted by Frontline > 2020-05-25 09:22 | Report Abuse

CIMB bank had exposure amounting to some RM500 million to troubled Singapore oil trader, Hin Leong Trading Pte Ltd.

Posted by stockraider > 2020-05-25 10:42 | Report Abuse

Hin leong & hin top exposure almost fully provided with its latest cimb provision of Rm 920m for march quarter.

Despite this huge provision cimb still makes more than rm 500m profit mah....!!

Remember cimb provided Rm 920m compare with Pbank only provided Rm 60m, this means cimb is aggressive and prudent in front loading its forseeable losses...leading to better performance in the future mah..!!

I think can look into it positively loh..!

Posted by gohku > 2020-05-25 11:18 | Report Abuse

Stockraider thinking is in line with my thought on cimb.

Cimb has a good brand name

Posted by shareinvestor88 > 2020-05-25 11:41 | Report Abuse

Sell TP 2. MORE write off coming

Posted by investortrader88 > 2020-05-25 12:03 | Report Abuse

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

Khazanah Nasional Berhad

24.55%

Employees Provident Fund of Malaysia

15.97%

Permodalan Nasional Berhad

11.41%

Kumpulan Wang Persaraan

7.07%

The Vanguard Group, Inc.

2.23%

Eastspring Investments (Singapore) Limited

1.77%

BlackRock, Inc.

1.31%

Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments

1.3%

JPMorgan Chase & Co, Brokerage and Securities Investments

1.26%

Fubon Asset Management Co., Ltd.

1.19%

Temasek Holdings (Private) Limited

1.1%

PPM America, Inc

1.05%

Credit Suisse, Investment Banking and Securities Investments

1.04%

FIL Limited

1.02%

ValueCap Sdn Bhd

0.94%

Norges Bank Investment Management

0.89%

CIMB Securities Sdn Bhd

0.78%

AIA Investment Management Private Limited

0.72%

Dimensional Fund Advisors L.P.

0.53%

Stichting Pensioenfonds ABP

0.49%

UBS Asset Management

0.47%

Public Mutual Berhad

0.37%

Wellington Management Group LLP

0.27%

Wells Capital Management Incorporated

0.22%

Affin Hwang Asset Management Berhad

0.22%

Posted by stkoay > 2020-05-25 14:03 | Report Abuse

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 ivanlau > 2020-05-25 14:25 | Report Abuse

High dividend stock.....

Posted by investortrader88 > 2020-05-25 16:52 | Report Abuse

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

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

----------------------------------------------------------------------

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 ?
25/05/2020 2:03 PM


Agree with you that from Bursa announcememt recently EPF & KWAP have been accumilating Cimb shares.Recently Khazanah Nasional & Urusharta Jamaah investment arm of Ministry Of Finance having been cutting down their stakes in many PLC  as part of its on-going overall portfolio restructuring..As from Bursa annoucement havent seen Khazanah increase their stakes in Cimb.


https://www.malaymail.com/news/malaysia/2019/10/23/why-did-khazanah-lose-rm6.3b-in-2018-new-policy-strategy-and-financial-repo/1802907


https://www.thesundaily.my/business/khazanah-to-focus-on-rebalancing-portfolio-strengthening-financial-position-this-year-XE644374



https://www.thestar.com.my/business/2019/10/09/khazanah-md-explains-divestment-capital-redeployment-strategy


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.

Posted by stkoay > 2020-05-25 18:14 | Report Abuse

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.

----------------------------------------------------------------------

Good home work done.

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

Cheers.......

Posted by Keyman188 > 2020-05-25 18:25 | Report Abuse

Aiyo...why so difficult !!!......

Today only Monday...still holiday...tomorrow only Tuesday....still holiday...

Just simple only...Once Bursa open trading on Wednesday....

If CIMB deep below 3.40 then start to sapu....

How to trade???...

If the price reach......

3.40 buy @ 2 lots

3.35 buy @ 2 lots

3.30 buy @ 2 lots

3.25 buy @ 2 lots

3.20 buy @ 2 lots


Average cost of 10 lots by 3.30


If rebound back gradually then....

3.30 sell @ 1 lot

3.35 sell @ 1 lot

3.40 sell @ 1 lot

3.45 sell @ 1 lot

3.50 sell @ 1 lot

Average disposal of 5 lots by 3.40

## So now you average cost of 5 lot

1) 3.40 - 3.30 = 0.10 x 5 lots = 0.50

2) 5 lots x 3.30 = 16.50 - 0.50 (from profit) = 16.00

3) now average cost of 5 lots = 16.00 / 5 lots = 3.20


## Of course only assumption how to leverage your cost for long term value investment lahhh....(need to deduct the brokerage fee & other miscellaneous lahhh...)


&&& This method still can repeating a few times transactions, so long as the stock like to "Swing"......kekeke...kekeke...

Posted by Keyman188 > 2020-05-25 18:51 | Report Abuse

If scare to buy Cimb...then buy ABMB lorrr....(Keyman188 still holding @ 1.55 cost...kekeke...kekeke...)

ABMB no need impairment loss on energy biz because management is not granted...kekeke...kekeke...

Or maybe PBB also can mahhh....If feel expensive then...

Or maybe Ambank also not bad...every time go down to 2.90 then strong support...later swing back above 3.00 ~ 3.05....

Sure not scare to loss much lorrr...........kekeke...kekeke....

Posted by masterus > 2020-05-25 22:38 | Report Abuse

Hong Kong police fired tear gas and water cannon to disperse thousands of people who rallied on Sunday to protest against Beijing's plan to impose a new national security law on the semi-autonomous city.

In a return of the unrest that roiled Hong Kong last year, crowds thronged the Causeway Bay shopping area in defiance of curbs imposed to contain the coronavirus. Chants of "Hong Kong independence, the only way out" echoed through the streets.

Posted by stkoay > 2020-05-26 12:10 | Report Abuse

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 !!!

Posted by RedEagle > 2020-05-26 12:41 | Report Abuse

6 months impairment morotorium and cashflow opportunity to gain income for Bank, will impact banking sector 2020..