Posted by jonathanchee > 2020-10-22 16:21 | Report Abuse

it is cheap but frankly speaking it is stupid to buy sotong now. obviously it is going to drop more continuous for months even years

Posted by Alfonso > 2020-10-22 16:24 | Report Abuse

years only if covid will last for years, once there are vaccine, this sotong will boom up at least 5%

Posted by zerocool7199 > 2020-10-22 21:09 | Report Abuse

https://www.theedgemarkets.com/article/dosm-expects-malaysias-economic-recovery-continue

Posted by apanama > 2020-10-23 02:35 | Report Abuse

No need to buy CIMB at this level. It will go down to RM 2.00

Posted by yfchong > 2020-10-23 10:19 | Report Abuse

Sotong Sudan Jodi sotong kering

Posted by RainT > 2020-10-23 12:00 | Report Abuse

when to down to 2.00
???

Posted by Alfonso > 2020-10-23 16:47 | Report Abuse

If sotong kering down to 2 ringgit, we need to say goodbye to M'sia already

Posted by aliyusof > 2020-10-24 16:31 | Report Abuse

Ikan bilis keep on shouting and dreaming RM2...save your breath lah. No way we are as small investors can move or influence its share price.

Posted by yfchong > 2020-10-24 17:37 | Report Abuse

Mr Octopus..........when r u going to show your 8 tentacles to all the audience....

Posted by Jeffreyteck > 2020-10-25 16:32 | Report Abuse

Q3, bad.
Q4, bad,
Q1, bad. Priced in? Buy. Not yet, no rush.

Posted by NoNonsenseHere > 2020-10-25 17:10 | Report Abuse

Vaccines not working, hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students, banks cannot lend.

Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of PROFITS because of great companies like Supermax and Top Glove.

Phenomenal.

Posted by PGOne (Pure Goreng One) > 2020-10-25 21:50 | Report Abuse

okay so glove promoter hired by operator now started to promote glove stocks for distribution ? Wakakakakaka

Posted by masterus > 2020-10-26 09:37 | Report Abuse

As Thailand’s protests snowball, rattled royalists would rather blame a hidden foreign hand than look inward

Posted by Alfonso > 2020-10-26 10:25 | Report Abuse

look like the world need nothing already, from now onwards, all human pls proceed with the production and glove and vaccine only.

Posted by Alfonso > 2020-10-26 14:13 | Report Abuse

sotong not giving dividend this year, benggisnya!

Posted by Dontbullshit > 2020-10-26 17:42 | Report Abuse

https://www.theedgemarkets.com/article/akpk-sees-debt-repayment-back-normal-october-post-auto-moratorium

Posted by Jeffreyteck > 2020-10-27 08:00 | Report Abuse

Strong support at $3 as like those days support at above $5.

Posted by WarrenPuffet > 2020-10-27 09:32 | Report Abuse

Government print more money, more more money. Bank goes down. Once bank goes down savings gone. Currency value no value, country bankruptcy.
Buy glove stocks earns millions as long as using this country currency become toilet paper.
God bless you

Posted by Alfonso > 2020-10-27 09:45 | Report Abuse

god please dun bless specific person, just bless the world out from covid19 and everything back to normal.

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

Alfonso why want everything back to normal. Just let those brainless ikan bilis know the consequences or else they everyday dreaming of wanting the price go RM2 la 1.50 la.. this la that la.

Posted by lomas > 2020-10-28 00:47 | Report Abuse

Wanna ask experts here: is CIMB Group in deep deep crisis right now?

Posted by WarrenPuffet > 2020-10-28 09:00 | Report Abuse

Iomas the information we can provide you is the company is still doing fine eventhough Covid-19 brings chaos but few banking company is big and solid enough to overcome the situation.

While if you talk about deep deep crisis I believe none of us here are able to answer you. Even if the bank is truly in deep problems. They will hide it and try deal with it internally. So worry about this is no use.

Posted by xing > 2020-10-28 11:34 | Report Abuse

today that the imposition of the latest Conditional Movement Control Order (CMCO) might require renewed focus on growth support amid a sharp resurgence of Covid-19 infections in the country.It also said the latest extension of the CMCO to Nov 9 might threaten the lower bound of the government’s 2020 Gross Domestic Product (GDP) growth forecast of -3.5% to -5.5%.This may provide an anchor for BNM’s decision on Nov 3

Posted by Alfonso > 2020-10-28 13:51 | Report Abuse

hopefully US election will not affect the share price of this pity sotong.

Posted by Alfonso > 2020-10-28 13:52 | Report Abuse

3.02...adulhai, stay strong ya sotong bayi

Posted by Fundamentalist91 > 2020-10-28 15:29 | Report Abuse

CIMB is very reliant on making money out of loan interest. So when MCO, moratorium is launched. CIMB is the one that felt the most pain. There's also lots of reports regarding how sloppy CIMB internet banking is, hackers and such.

But at the same time, CIMB is the biggest shareholder of Touch N Go, which is probably the most used e-wallet in Malaysia right now.

And its a huge bank with big influence in many countries, not just Malaysia. So at this price, I'll say its just temporary, better buy and hold while it slowly recovers. Really nothing to worry about, bank bankruptcy is really a rare thing, especially this big, they'll keep on continuing to dominate for many years to come

This situation is similar to 2008 financial crisis, where my uncle get to buy $10, then he sold it off at $70 on 2017, not to mentioned the dividends alone paid more than his capitals.

Posted by masterus > 2020-10-28 15:45 | Report Abuse

The Monetary Authority of Singapore's Central Digital Currency project code-named "Ubin" has completed its final phase. Ubin is a collaborative project with industry to explore the use of Blockchain and Distributed Ledger Technology for the clearing and settlement of payments and securities, using a digital version of the Singapore dollar. The project concluded with the key finding that an international settlement network, modelled after this payment network prototype, could enable faster and cheaper transactions compared to conventional cross-border payment channels, proving commercial potential.

Posted by masterus > 2020-10-28 15:45 | Report Abuse

Also in the process of development, the People's Bank of China's e-yuan has already been used for more than 1.1 billion yuan worth of transactions as part of a series of ongoing pilot programmes. The Digital Currency Electronic Payment would allow consumers and businesses to pay for goods with e-wallets rather than traditional banknotes.

Posted by masterus > 2020-10-28 15:46 | Report Abuse

Most recently, the European Central Bank had announced that it will start experimenting with a digital version of the euro, while holding a public consultation with targets to decide whether to launch a digital euro project towards mid-2021. ECB President Christine Lagarde was quoted saying: "The euro belongs to Europeans and we are its guardians. We should be prepared to issue a digital euro, should the need arise."

Posted by Jack888 > 2020-10-28 16:20 | Report Abuse

Lower low... ?? next support 2.87 ?

Posted by Alfonso > 2020-10-28 16:43 | Report Abuse

sotong in deep hurt at the moment, we have to admit this covid is no play play!

Posted by Alfonso > 2020-10-28 16:43 | Report Abuse

Really lowest low at RM3, 28th Oct 2020.

Posted by JK22 > 2020-10-28 16:46 | Report Abuse

Sotong still manyak laku. RM3 satu.

Posted by lomas > 2020-10-28 17:07 | Report Abuse

Game over?

Posted by Aurora13 > 2020-10-28 17:20 | Report Abuse

Damn this cimb really hopeless... Drop Loke no tomorroe

Posted by Keyman188 > 2020-10-28 17:25 | Report Abuse

Aiya...why so worry...Keyman188 never seen any bank in Malaysia can bankrupt...even though last time MBF Finance rumour got problem end up under Ambank lioa......

Aiya...Why so worry...you see salted fish Axiata, today so fierce, shooting up to new high closing 3.04 from last week 2.66....

All same taikor (Khazanah) controlling the ship mahhh.....

Aiya...If so worry then swift to Hong Leong Group lorrr....still steady boombeebee....

Posted by Popiah77 > 2020-10-28 17:26 | Report Abuse

Wa mau masok pun tak berani.

Posted by Keyman188 > 2020-10-28 17:30 | Report Abuse

Aiya...why so worry....you see another salted fish Airport...also shooting up non-stop to above 4.40 liao from last week 1/2 dead 1/2 dead 4.06....

All same captain mahhh...(Khazanah)....

Aiya...why so worry...all que up take turn for u-turn mahh....

Posted by i3invester219 > 2020-10-28 17:38 | Report Abuse

did anyone realize CIMB macd divergence showing price form lower low but macd form higher low?

Posted by Keyman188 > 2020-10-28 17:44 | Report Abuse

Aiya...that's mean volume sudah accumulated muat...muat...

Akan datang positive convergence push price u-turn lorrr....

Aiya...why so complicated...

Down then accumulating lorr...

Up then star to gradually sell lorr...

Ada dividend then angkat lorr....

Tak up tak down then storage lorrr.....

Posted by i3invester219 > 2020-10-28 17:46 | Report Abuse

agree

Posted by i3invester219 > 2020-10-28 17:47 | Report Abuse

U turn anytime...... i am ready hahhaha

Posted by DonWorryBeHappy > 2020-10-29 01:32 | Report Abuse

U turn how much? 5c?10c?

Posted by masterus > 2020-10-29 06:35 | Report Abuse

Taiwan Dollar Tops Nine-Year High as Policymakers Allow Appreciation

Posted by yfchong > 2020-10-29 08:29 | Report Abuse

Die Liau 900 pts

Posted by Jeffreyteck > 2020-10-29 08:55 | Report Abuse

Today is a lucky day as market close. No worry.

Posted by petnch2020 > 2020-10-29 12:55 | Report Abuse

CIMB is just too cheap at this level. Currently trading at basically the same level as during the financial crisis in 2008 (need to adjust for bonus issue in 2010). I know the recent result was not great but when the economy rebound back next year, profit should be a lot better. I dont think any other major malaysia banks trades at 2008 level except CIMB.

FYI, from the lows recorded in 08 the share price actually almost tripple in 2 years time (mainly because profit also improve significantly). Maybe this is an opportunity for those with 3 years horizon.

Posted by Alfonso > 2020-10-29 13:56 | Report Abuse

Stay tune and alert guys, this sotong is so sneaky, it will rebound anytime without warning especially when there is a noticeable reduce number of covid19 cases. Good luck my teman!

Posted by Jeffreyteck > 2020-10-29 17:40 | Report Abuse

... entry to Thai market those days, goreng. Now plan exit, can goreng too.
Budget 2021: Extend loan moratorium to June 2021, MATTA suggests... Further delay the truth NPLs.

Posted by masterus > 2020-10-29 19:27 | Report Abuse

BRUSSELS — France announced a second nationwide lockdown and Germany moved to the very edge of one on Wednesday, testing their pandemic-weary populations as they tried to stop a mounting new wave of coronavirus infections from swamping hospitals and undoing hopes of economic recovery.

The new measures followed on the heels of severe new restrictions in other European countries, from Belgium to Italy to the Czech Republic. While they mostly fell short of the total lockdowns of the spring — a “lockdown lite,” the Germans called it — they raised the specter of a dark winter of relative confinement, leaving leaders in Paris and Berlin pleading with their frustrated publics to follow the new rules.