Posted by melanie1818181818 > 2020-05-26 12:42 | Report Abuse

Funny, these ppl complain about everything, provision less complain, provision more also complain, management press statement also cannot understand but still Kpkb. Apa lu mau lagi? Sked to buy then get lost

Posted by RedEagle > 2020-05-26 12:51 | Report Abuse

Basic accounting knowlegde
1) Impairment for morotorium
2) Cash inflow

Posted by firewall9301 > 2020-05-26 17:14 | Report Abuse

Bank mergers are imminent! One or Two BIG Banks to monopolise the Banking business. Saved Duplication , Least business rival n competition, maximise Capital , full usage of staff n capital expenditures, full utilisation n exploitation of human n IT resources etc.....Any time soon...you bet?

Posted by investmalysia > 2020-05-26 21:44 | Report Abuse

No point to merge la

Posted by kuaTAKtahu > 2020-05-26 23:36 | Report Abuse

Tomorrow CIMB RM 3.30 ?

Posted by RedEagle > 2020-05-27 07:45 | Report Abuse

RM3.20?

Posted by IvanC > 2020-05-27 10:15 | Report Abuse

already post on 12 may supermax still have 3 months trend & CIMB no good, no one believe me. Now proof that i am correct. Good luck guys.

Posted by Jason85 > 2020-05-27 16:16 | Report Abuse

CIMB is good to hold for Long term.. yet downside is another round of down selling.. who can predict this will happen?

To me buy small and average down every certain % is wise choice for undervalue stock like CIMB.. one day it can reach RM5+ when everything is right. Is this wise and welcome every comment.

Posted by mf > 2020-05-27 18:00 |

Post removed.Why?

Posted by ladybird517 > 2020-05-27 21:12 | Report Abuse

Support jason85.. downside maybe limit liao let say 2.8.. but upside can go till 5.0, I expect 4.0+ also good return for long term + dividend payout..

Posted by stockraider > 2020-05-27 23:18 | Report Abuse

U need to understand this banking principle loh...!!

CASHFLOW
NOT APPLICABLE HERE MAH...BCOS THE BANKS CAN BORROW WHATEVER MONIES FROM BANK NEGARA...THUS IMPAIRMENT MOROT0RIUM ON HP...ONLY AFFECT ONE TIME ADJUSTMENT ON THE BANK PROFITS LOH...IT WILL NOT AFFECT ITS VIABILITY AND ITS CASHFLOW...DUE TO STRONG BANK NEGARA BANKING LOH..!!

YES...BANKS CANNOT COLLECT 6 MONTHS HP INSTALMENT...DUE TO GOVT CONCESSION GIVEN TO THE RAKYAT....BUT SUBSEQUENTLY AFTER THIS ADJUSTMENT....THE BANK WILL CONTINUE TO MAKE MONIES MAH..!!

Posted by RedEagle > May 26, 2020 12:51 PM | Report Abuse

Basic accounting knowlegde
1) Impairment for morotorium
2) Cash inflow

Posted by 5566max > 2020-05-27 23:56 | Report Abuse

collect below RM 3.00

Posted by Jason85 > 2020-05-28 00:48 | Report Abuse

possibility fall below RM3.00 with current strong support ? Except another round of panic selling?

Posted by blood7 > 2020-05-28 01:14 | Report Abuse

run as quickly as you can..... at the current interest rate they probably using your deposit to bet on the stock market too just like you since can't make anything from loans....

very incompetence, TnG could have been THE no.1 cashless payment in Malaysia but they don't even know how to begin, plus the huge impairment in Singapore now, no hope..... even their fellow banker AMinvest call sell target RM3....

Posted by mf > 2020-05-28 01:20 |

Post removed.Why?

Posted by harmonification > 2020-05-28 01:54 | Report Abuse

this counter can tut up dy hopeless,

Posted by Teosoontong > 2020-05-28 12:48 | Report Abuse

Short term wise this counter will fluctuate, but mid long term it will go up, based on monitoring of the this stock price 10 years

Posted by SJSOON > 2020-05-28 15:52 | Report Abuse

Those who say sell sell sell....you better go back to Mars. Now it is time to accumulate all sorts of banking stocks.

Posted by SJSOON > 2020-05-28 15:53 | Report Abuse

Don’t you tell me one day financial service is no longer needed on the earth? Whatever provision it is, it is just an accounting item. Have some business sense. But it and hold for ten years. Ten years later your dividend can provide handsome passive income to you. Don’t tell me Bank will not grow for the next ten years given the fact that QE is on going.

Posted by SJSOON > 2020-05-28 15:54 | Report Abuse

Because of such mentality, ten years later you are still broke and counting your EPF for your retirement. But others are planning for living with higher standard.

Posted by DannyArcher > 2020-05-28 16:04 | Report Abuse

Banks are ok, stable. I think people are concern about Q2 report and NPL after the 6 months memorandum thing. Many just stay at the side and wait. By the end of 2021, I think all bank stocks will be higher, so, for long term bank stocks are cheap already.

p.s. I dont own any bank stocks. Not yet.

Posted by SJSOON > 2020-05-28 17:41 | Report Abuse

Hahaha, I think strategy differs among people. Some hit and run, that’s why they only speculate on the Q2 report.

Posted by Jason85 > 2020-05-28 20:06 | Report Abuse

Who would want to do Panic selling over a strong undervalued company like CIMB?

Posted by melanie1818181818 > 2020-05-28 20:10 | Report Abuse

Bank stocks no good because glove stocks need support? 2 years later bet which one will give higher return, banks or gloves? Now is time to sell gloves to buy banks, not the other way round. Anyway, sold all gloves, locked in huge profits, all in banks

Posted by chanjinone > 2020-05-28 23:33 | Report Abuse

Heard of a saying “bank dont die. Only you die”

Posted by BATFLY > 2020-05-28 23:41 | Report Abuse

CIMB Group Holdings Berhad is the second-largest banking group in Malaysia with assets of US$128.5 billion, deposits of US$90 billion and funds under management of US$20 billion. It is also one of the largest Islamic and investment banks in Asia

Posted by BATFLY > 2020-05-28 23:44 | Report Abuse

Top glove the biggest glove counter has only us1. 6 billion assets..

Posted by BATFLY > 2020-05-28 23:45 | Report Abuse

Imagine top glove share is rm13 and cimb about rm3.5..someting is seriously not right..

Posted by stkoay > 2020-05-28 23:46 | Report Abuse

https://www.malaymail.com/news/money/2020/05/28/moodys-investors-service-liquidity-of-maybank-cimb-and-public-bank-to-remai/1870342

KUALA LUMPUR, May 28 — Moody’s Investors Service expects liquidity of Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and Public Bank Bhd to remain strong despite the Covid-19 pandemic, underpinned by deposit growth.

In its latest report, the credit ratings agency said the capitalisation of Malaysia’s three largest banks by assets should remain stable as capital generation would outpace capital consumption due to weaker loan growth.

Posted by 123eztrade > 2020-05-28 23:50 | Report Abuse

At this price, market is saying CIMB will have a very much weaker earnings, or worst case no earnings ie. loss, in the near term...beware

Posted by zai > 2020-05-28 23:56 | Report Abuse

today rally some..

Posted by BATFLY > 2020-05-28 23:59 | Report Abuse

Banks profit still far better than glove counter.. Even after provision for impairment.. Their profit is, billion not million..

Posted by melanie1818181818 > 2020-05-29 05:48 | Report Abuse

All priced in, bad quarter for banks is priced in the single digit PE and historical low PB. Good quarter for gloves is priced in the average PE 70!! If you don’t know what it means, forward PE is 70/2=35 or 70/3=23 if gloves profit x2 or x3 next year. Expectations are high but sustainable? When investment banks set super high TP and ask you to chase, you should do the opposite. Imagine comfort glove TP changed so quickly in matter of weeks from 1.xx to 3.xx. Btw, do you know that banks can sell their NPL after write downs and provisions? That’s why ppl say you can nvr outwit banks, because a 3rd party will still come after you after write down and provisions

Posted by masterus > 2020-05-29 06:59 | Report Abuse

For nearly three decades, the U.S. has given Hong Kong special status — letting goods flow back and forth without tariffs and people to fly in and out with no visas. Other countries do the same. That makes Hong Kong a vital business hub, according to Fraser Howie, an independent financial analyst in Singapore.

It’s a “very unique environment, different from the mainland,” Howie said. “Hong Kong was always seen as low-tax, exciting destination, a can-do type of place.”

If Washington ditches Hong Kong’s special status, there’d be “serious implications,” the U.S. Chamber of Commerce warned.

Posted by bonds56 > 2020-05-29 07:47 | Report Abuse

CIMB UNDERVALUED

Posted by mobidick > 2020-05-29 12:18 | Report Abuse

At this point its not valued or overvalued, we will need to refer to BNM policy. Rumor around is that another rate cut is very likely at next OPR meeting 7 July. Further cut will compress margin further, look at whole bank sector. Overall all banking stocks is consolidating close to march big fall.

Posted by Goldgent > 2020-05-29 15:00 | Report Abuse

Wah.....up 14 cents today.

Posted by IanQ > 2020-05-29 15:02 | Report Abuse

what happened? it just hopped.

Posted by Goldgent > 2020-05-29 15:10 | Report Abuse

Don't know, but today volume higher than Supermax.

Posted by Mukesh > 2020-05-29 15:13 | Report Abuse

im lost...but enjoying the ride

Posted by IanQ > 2020-05-29 15:30 | Report Abuse

could it be some merger announcement? cannot imagine what else cimb can be up to that can be so exciting...

Posted by mobidick > 2020-05-29 15:31 | Report Abuse

What the... sudden move..

Posted by investortrader88 > 2020-05-29 15:32 | Report Abuse

yee haaa. !

Posted by investortrader88 > 2020-05-29 15:33 | Report Abuse

undervalue blue chip uptrend !

Posted by stkoay > 2020-05-29 15:37 | Report Abuse

Posted by mf > May 27, 2020 6:00 PM | Report Abuse

run

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Posted by mf > May 28, 2020 1:20 AM | Report Abuse

run

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Run ??????

Ha...ha.....ha.......

Posted by Lee Kim Chong > 2020-05-29 15:47 | Report Abuse

With the current economic situation, I will not expect CIMB to go back to 5rm in a years time. But I think 4rm is a fair hope when the economy recovers. Of contra play is a big no no.

Posted by Mukesh > 2020-05-29 15:59 | Report Abuse

12 MIL buy orders at at 4pm

Posted by Jason85 > 2020-05-29 15:59 | Report Abuse

Ship start fly off liao

Posted by WarrenPuffet > 2020-05-29 16:00 | Report Abuse

I am so surprised for the sudden rise

Posted by wckrich > 2020-05-29 16:18 | Report Abuse

Any news cause CIMB flying today ? Surprise me