Posted by riko > 2020-07-06 19:41 | Report Abuse

aiya ... why not dropping today.... i wait tillllllllllllllllllllllll 5pm still 3.7 ... TNS.

Posted by masterus > 2020-07-06 23:56 |

Post removed.Why?

Posted by lomas > 2020-07-06 23:56 | Report Abuse

Those Sifu(s) said will drop below RM3.00, but i have been waiting until now July, still above RM3.50.

Posted by Jason85 > 2020-07-07 00:18 | Report Abuse

I hold so tight , no chance go up or down yet .. even Bursa is so green. Let’s hold

Posted by CakapSohaiThings > 2020-07-07 09:32 | Report Abuse

@lomas slowly collect only, when loan moratorium ends, price will shoot back up for all bank stocks

Posted by CakapSohaiThings > 2020-07-07 09:34 | Report Abuse

Even Buffett started buying ady

Posted by getingreal > 2020-07-07 10:12 | Report Abuse

Maybank shooting up, CIMB stuck in the mud, we are all paying a very heavy price for the Directors employing Pumpkins to run the Banks Due D departments.

Posted by mf > 2020-07-07 12:35 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-set-cut-key-rate-record-low

Posted by aliyusof > 2020-07-07 15:40 | Report Abuse

https://www.theedgemarkets.com/article/bnm-cuts-opr-25bps-175?type=malaysia

Posted by BearishTrend > 2020-07-07 23:56 | Report Abuse

Cut rate.. Will effected banking sector

Posted by Jason85 > 2020-07-08 01:00 | Report Abuse

I felt.. still have lower rate to go.. or even to negative

Posted by Jeffreyteck > 2020-07-08 08:34 | Report Abuse

Priced in rate cut? Or will follow mbsb loss results soon?

Posted by malva > 2020-07-08 08:47 | Report Abuse

Bank Negara Malaysia's (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points (bps) to 1.75% today is driven by global economic conditions that are in the early stages of recovery, said Finance Minister Tengku Datuk Seri Zafrul Aziz.

Posted by malva > 2020-07-08 08:47 | Report Abuse

The decision to reduce the OPR is aimed at accelerating the rate of recovery and further stimulating the country's economy. The government believes that this move, combined with proactive measures deployed since March 2020 under the PRIHATIN and PRIHATIN SME+ economic stimulus packages, and more recently the National Economic Recovery Plan (PENJANA), will be able to regenerate the economy by creating jobs, restoring consumer and investor confidence, as well as containing the likelihood of a sharp economic contraction

Posted by malva > 2020-07-08 08:47 | Report Abuse

the stimulus packages, which totalled RM295 billion, have benefitted around 800,000 businesses and saved an estimated 2.6 million jobs. "The coming three to six months are crucial to the successful implementation of PENJANA initiatives which are expected to show results by the third or fourth quarter of 2020

Posted by malva > 2020-07-08 08:48 | Report Abuse

While noting that Malaysia has demonstrated its resilience in managing various challenges in the past, he gave the assurance that the government will continue to ensure that the nation's financial and investment ecosystems are well prepared to face short- and medium-term eventualities in order to secure Malaysia's economic resilience and sustainability.
The OPR, which is now lowered to 1.75%, is now at a record low since the floor was set in 2004

Posted by CakapSohaiThings > 2020-07-08 09:23 | Report Abuse

On the bright side, lower opr => more people borrowing => more earnings in near future.
Also lower opr => possibly chance less loan defaults after moratorium?

Posted by RedEagle > 2020-07-08 13:22 | Report Abuse

Modification Loss will hit Total Income?

Posted by CakapSohaiThings > 2020-07-08 16:38 | Report Abuse

Bomoh apanama, opr cut bank stocks didnt drop le? What coconut did u use to make such a prediction? Should I use my emergency fund to buy more now, later more expensive how?

Posted by Jason85 > 2020-07-08 16:50 | Report Abuse

OPR cut = all FD come to stock market

Posted by DeepValueInvestor > 2020-07-08 16:59 | Report Abuse

@CakapSohaiThings Maybe because people no longer want to save money in FD and start investing in blue chip stocks for dividend yields.

Posted by DeepValueInvestor > 2020-07-08 16:59 | Report Abuse

https://www.investing.com/indices/kl-finance. Finance components are finally carrying the market. Have a look at my portfolio for my financial stock picks.

I personally really like bimb and takaful for long term investment. Cheers

Posted by getingreal > 2020-07-08 18:06 | Report Abuse

Hopefully the Pumpkins in CIMBs Due D departments have all had their heads slapped or chopped off and we can now look forward to normal write-offs. If this is the case, then I think its time to buy. However if come Dividend time we are told sad and sorry stories and the dividend is badly cut then I'm afraid its time for the CIMB Board to take responsibility for the lack of Due D and cut their salaries and perks 99%! No more cakes with their coffee in the Boardroom! Let the cleaning staff take control they would do a better job I'm sure.

Posted by JBond007 > 2020-07-08 18:22 | Report Abuse

Time to buy CIMB..........Digital banks are set to be introduced in Malaysia in few months time, with regulators ready to provide 5 digital banking licenses.

Posted by Jason85 > 2020-07-08 18:35 | Report Abuse

Woohoo TP4 come soon again for CIMB?

Posted by RedEagle > 2020-07-08 21:53 | Report Abuse

Q2 result true colour for Banking sector
~NPL
~Modification Loss
~Others Income
~Expected Credit Loss
~Lower Disbursement
~Cashflow

Posted by stkoay > 2020-07-08 21:58 | Report Abuse

BNM cut OPR...this stock kena pancung....NO 3.20 but it's getting nearer to 4.20 instead.
Bomoh didn't use coconut, maybe.

Posted by CakapSohaiThings > 2020-07-08 22:41 | Report Abuse

@RedEagle Q2 is not true colors but temporary setback. But the stock market is forward looking, I am personally foward looking into post SEP30 and 2021. Also, lowering OPR artificially inflate markets' average PE anyway.

NPL is priced in.

Modification loss affects Public Bank, Hong Leong Bank, Maybank. Affin Bank and AMMB more than CIMB
https://www.nst.com.my/business/2020/05/590048/four-banks-will-be-negative-due-highest-hp-loans-exposure#:~:text=A%20%22modification%20loss%22%20is%20the,the%20terms%20of%20the%20loan.

Posted by Big3 > 2020-07-08 22:59 | Report Abuse

Hello, is Cimb by any chance Airasia's financier?

Posted by stkoay > 2020-07-08 23:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/08/inflow-of-foreign-funds-into-debt-markets-surged-in-june#cxrecs_s

Today, all Bank stocks traded at much higher volume than usual, are the foreign funds coming back to Bursa??

Posted by Big3 > 2020-07-08 23:30 | Report Abuse

Foreign funds are leaving BURSA

https://www.bursamalaysia.com/market_information/market_statistic/securities

Posted by Jason85 > 2020-07-09 00:26 | Report Abuse

After TP4 if unable hold long term may take profit as after kangaroo market jump, shall be down and QR may be disappointed

Posted by CakapSohaiThings > 2020-07-09 09:01 | Report Abuse

@Big3, the daily trading participate u gave there was for 07 July. For 08 July foreign fund was the net buyer (bought 836 sold 606), I guess foreign fund likes bank stocks better than gloves too

Posted by adriantam > 2020-07-09 11:10 | Report Abuse

Can go up to tp 4?

Posted by CakapSohaiThings > 2020-07-09 11:35 | Report Abuse

@adriantam EASILY with buying interest slowly switching from gloves to banks.

It is still way below my sifu DeepValue's calculated intrinsic value of ~RM6. Anything below RM5.4 (10% safety margin from my sifu's RM6) I will keep on collecting with my monthly payroll for long term investment

Posted by stkoay > 2020-07-09 12:34 | Report Abuse

Posted by CakapSohaiThings > Jul 9, 2020 9:01 AM | Report Abuse

@Big3, the daily trading participate u gave there was for 07 July. For 08 July foreign fund was the net buyer (bought 836 sold 606).

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

It seems ppl who bought CIMB are investor who do their homework.

Posted by CakapSohaiThings > 2020-07-09 12:45 | Report Abuse

@stkoay my sifu definitely did his research thoroughly. I saw his excel sheet comparing each bank stocks. Still dont know how he picks the stocks. But I am just following him to keep buying his picks when they are still under his calculated intrinsic value.

Posted by stkoay > 2020-07-09 17:14 | Report Abuse

Ha...ha....today CIMB traded as volatile as gloves stock.....

Posted by vicvercam > 2020-07-09 20:14 | Report Abuse

RM 3 coming

Posted by BATFLY > 2020-07-09 20:45 | Report Abuse

OPR down, moratorium and impairment loan will cause Bank to loose a lot money.. Take note CIMB is one of the big lender for oil n, gas industry..

Posted by BATFLY > 2020-07-09 20:46 | Report Abuse

Agreed Rm3.00 is actually target set by HLIB..

Posted by stkoay > 2020-07-09 21:24 | Report Abuse

Ha ha after bomoh 3.20......now we have Chinese ang kong medium 3.00

Give a timeline, and come back to see if you are smart or silly.

Posted by stkoay > 2020-07-09 21:56 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/07/09/maybank-ib-research-ups-public-bank-to-hold-tp-rm1810#cxrecs_s

The modification gain arises from the disbursement of SME loans under the Special Relief Facility (SRF) scheme which, as a result of being 80% guaranteed by Credit Guarantee Corporation, contributes to lower funding cost to banks, thus resulting in a modification gain which could be offset against the Day 1 modification loss on hire-purchase loans.

Posted by Jason85 > 2020-07-09 21:59 | Report Abuse

will gather more when price down again.. if want come down faster oh

Posted by melanie1818181818 > 2020-07-10 05:01 | Report Abuse

Yes, disbursements from SRF will offset losses from HP thingy. See briefing from ambank when they released the quarter two weeks ago. It mentioned interest free funds being loaned to SMEs at 3.5%, resulting in HP losses being reduced from 400m to 80m

Posted by aliyusof > 2020-07-10 05:42 | Report Abuse

https://www.theedgemarkets.com/article/after-us9-billion-credit-hit-banks-seek-trade-finance-revamp?type=corporate

Posted by BATFLY > 2020-07-10 08:04 | Report Abuse

RM3 A GOOD BUY FOR CIMB..

Posted by luckypunting > 2020-07-10 08:18 | Report Abuse

waiting to re-enter when price come down .... :p

Posted by JaBerry > 2020-07-10 12:24 | Report Abuse

Wait price down

Posted by InsiderShark > 2020-07-10 15:40 | Report Abuse

Interest rate already drop so much, means earnings will drop too, therefore stock price will drop too. Come invest in Semiconductor, it is the future, buy MPI, DUFU, Penta, Frontken for future. Invest some now when it is still cheap, price will continue to go up like Tesla, Facebook, Amazon, Square and etc... don't miss the train.