Posted by stkoay > 2021-02-13 11:37 | Report Abuse

https://www.theedgemarkets.com/article/stocks-hit-record-highs-yields-highest-march

On Wall Street, all three major indexes hit record closing highs, with energy, financial and materials leading gains among S&P sectors as investors snapped up cyclical and under-priced value stocks.

The Cboe Volatility Index, Wall Street's fear gauge, ended below 20 for the first time since February 2020, shortly before the coronavirus pandemic roiled U.S. stocks.

"We are continuing this rotation that would be consistent with the new business cycle, and as (bond) yields go up, value and cyclicals will lead," Hayes said.

Posted by stkoay > 2021-02-13 17:26 | Report Abuse

https://klse.i3investor.com/insider/substantialShareholder/1295/09-Feb-2021/508805_1444619997.jsp

https://klse.i3investor.com/insider/substantialShareholder/1295/10-Feb-2021/508933_958025520.jsp


https://klse.i3investor.com/insider/substantialShareholder/1295/11-Feb-2021/509019_3213576825.jsp


https://klse.i3investor.com/insider/substantialShareholder/1023/08-Feb-2021/508735_2458906826.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/11-Feb-2021/509030_1565567698.jsp

https://klse.i3investor.com/insider/substantialShareholder/1023/11-Feb-2021/509030_1565567698.jsp

Posted by stkoay > 2021-02-13 17:28 | Report Abuse

Latest moves by EPF....

....Selling Public Bank

....BUYING CIMB

Posted by Kucingmeowikan > 2021-02-13 18:13 | Report Abuse

BAT div p share 27, yield 7%; 7 kali CIMB 1%, dividen idup

Posted by ngliptat > 2021-02-15 10:22 | Report Abuse

Marching towards TP 4.35 very soon.

Posted by 752_michael_chan > 2021-02-15 10:30 | Report Abuse

大年初四，牛气冲天 , 财源滚滚.

Posted by stkoay > 2021-02-15 15:47 | Report Abuse

https://www.cnbc.com/2021/02/15/asia-markets-japan-preliminary-gdp-data-currencies-oil.html

In Japan, the Nikkei 225 surged past the 30,000 level for the first time in more than 30 years, according to data from Refinitiv. It rose 1.91% on Monday to 30,084.15 while the Topix index gained 1.04% to close at 1,953.94.

Posted by stkoay > 2021-02-15 17:50 | Report Abuse

Bursa welcome the year of the Ox with GREEN for recovery stocks...


...and ANG POW COLOUR for gloves.

Posted by Riaz1954 > 2021-02-15 18:29 | Report Abuse

Cimb will move forward....global banks all recovering despite nude write offs...on better times to come...the worst is over and no surprises expected.... market looking forward.

Posted by 752_michael_chan > 2021-02-16 09:00 | Report Abuse

大年初五，财神到..

Posted by stkoay > 2021-02-16 15:38 | Report Abuse

https://www.malaymail.com/news/money/2021/02/16/maybank-ib-upgrades-banking-sector-call-to-positive/1950142

Maybank IB upgrades banking sector call to ‘positive’

Posted by stkoay > 2021-02-16 18:01 | Report Abuse

https://www.theedgemarkets.com/article/hsbc-among-top-bank-share-gainers-asia-reflation-bets

(Feb 16): HSBC Holdings Plc and Standard Chartered Plc’s Hong Kong shares are among top gainers of bank stocks across the region on optimism faster economic growth and higher interest rates will stoke profits.

“Banks/financials generally do well when market rates rise — which they have been recently — on global reflation expectations,” said Chetan Seth, Asia-Pacific equity strategist at Nomura Holdings Inc.

Posted by Riaz1954 > 2021-02-16 19:29 | Report Abuse

On the way...
One has to look beyond the 2020 results...we may see bad dent provisions come down 2nd half 2021...price would have moved up on expectation. Good opportunity to invest if there is mild correction.

Posted by stkoay > 2021-02-16 20:03 | Report Abuse

@Riaz1954....according to analyst, during the recent pre closing briefying....management has stated that most of the doubtful debts has been front loaded into the 2020 report....the last one being the coming 4Q report.

For 2021, the provisions will be back to normal plus some from the moratorium....

Posted by Riaz1954 > 2021-02-17 09:31 | Report Abuse

Little correction today ...will revert back to upward path.

Posted by 752_michael_chan > 2021-02-18 07:42 | Report Abuse

大年初七，人日快乐
祝福您撈的
風生水起，
步步高升，
財源滚滚。

Posted by Didihow > 2021-02-18 11:19 | Report Abuse

Good morning.
Just join us the forum.
Any dividend coming for Cimb?
Need some dole......

Posted by 752_michael_chan > 2021-02-18 11:59 | Report Abuse

Immediate resistance is at 4.30

Posted by zerocool7199 > 2021-02-18 13:27 | Report Abuse

https://www.cnbc.com/2021/02/17/interest-rates-will-continue-to-rise-but-dont-blame-inflation-economists-say.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Facebook#Echobox=1613608227

Posted by YNWALFC > 2021-02-18 16:35 | Report Abuse

short sellers attacking CIMB

what the hell.....

Posted by Riaz1954 > 2021-02-18 16:41 | Report Abuse

World wide banks recovering with good quarter results! In Malaysia we are probably a quarter behind! But people should invest for better returns.

Posted by Newbaby1412 > 2021-02-18 17:25 | Report Abuse

Kns

Posted by 752_michael_chan > 2021-02-18 18:07 | Report Abuse

Minor support @4.14
Major support @3.84

Posted by DeepValueInvestor > 2021-02-18 18:14 | Report Abuse

@Riaz1954 Exactly, I was shocked seeing banks in MY drop, but banks in other countries up. This upcoming QR should be better due to reduction in loan loss provision. This bank in AU even unwinds the provision

https://www.theaustralian.com.au/subscribe/news/1/?offerset=ta_4for4_premium&sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Ffinancial-services%2Fanz-unwinds-provisions-as-economy-improves%2Fnews-story%2F9323b68602bf4ebf358a611fa73954f4&memtype=anonymous&mode=premium&adobe_mc_sdid=SDID%3D3A584616B4ECF6CC-1B706A6FD1044B18%7CMCORGID%3D5FE61C8B533204850A490D4D%40AdobeOrg%7CTS%3D1613642943&adobe_mc_ref=https%3A%2F%2Fwww.google.com%2F

PS: I do not own CIMB, but other banks. I do not think this banks selldown is rational, some hidden hands might be pulling strings behind

Posted by Icomeinpeace > 2021-02-18 18:46 | Report Abuse

Is it because of EPF selling banking stocks to pay the unconditional I-Sinar category 2 that the government just approved?

Posted by WenJun > 2021-02-18 19:55 | Report Abuse

Most KLCI component stocks are getting crushed today, CIMB closed right at MA50, while KLCI closed right at the MA100 and near uptrend support line. Watch closely for the coming days...

Posted by 752_michael_chan > 2021-02-19 07:52 | Report Abuse

https://www.cnbc.com/2021/02/18/treasury-secretary-janet-yellen-makes-push-for-a-big-stimulus-sees-bigger-risk-to-not-doing-enough.html

Posted by Goodprofit > 2021-02-19 07:56 | Report Abuse

soon DJI at risk

Posted by 752_michael_chan > 2021-02-19 10:02 | Report Abuse

Minor support 4.14 broken, next support at 3.84

Posted by zerocool7199 > 2021-02-19 11:03 | Report Abuse

https://www.theedgemarkets.com/node/553941

Posted by stkoay > 2021-02-19 15:21 | Report Abuse

https://www.nst.com.my/business/2021/02/667002/banking-og-aviaition-reap-benefits-national-immunisation-programme-economist

KUALA LUMPUR: The banking, oil and gas and aviation sectors should reap significant benefits from the National Covid-19 immunisation programme launched by the government on Tuesday, said an economist.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the commencement of the immunisation programme was likely to revive business confidence in the country and consequently propel economic growth with more movement restrictions expected to be relaxed.

Posted by stkoay > 2021-02-19 15:27 | Report Abuse

https://www.theedgemarkets.com/article/analysts-mixed-cimbs-outlook

UOB Kay Hian’s analyst Keith Wee sensed growing optimism from CIMB’s management about the group’s recovery prospects for the financial year ending Dec 31, 2021 (FY21) despite the reimposition of the movement control order (MCO).

Wee believed that the worst could already be over for CIMB in FY20, suggesting a two-year earnings compound annual growth rate (CAGR) of over 100%.

“The lumpy bond and derivative impairments (about RM500 million), oil and gas (O&G) specific provisions (RM1 billion), coupled with management provision overlays in FY20, could potentially set the stage for a staggering two-year earnings CAGR in excess of 100% for FY21 to FY22,” he added.

Wee also shared that CIMB’s management “remains hopeful of sustaining a 40%-50% dividend payout ratio for FY20 and beyond” as it expects its Common Equity Tier 1 (CET1) ratio to remain comfortably above 12% (currently 12.9%) even after stress tests.

On the other hand, RHB Research Institute analysts Liew Wai Hoong and Fiona Liong maintained their "buy" call on CIMB, with a TP of RM5.10.

They shared the same view with UOB’s Wee, pointing out that CIMB’s total provisions are expected to have been elevated in the fourth quarter of FY20 (4QFY20) as the lender brought forward more provisions to FY20, “thus paving way for a cleaner recovery in FY21” where credit cost is expected to be lower year-on-year (y-o-y).

Posted by WenJun > 2021-02-19 15:58 | Report Abuse

Bought below MA50 this morning, seems to be rebounding well :D

Posted by stkoay > 2021-02-19 16:21 | Report Abuse

Yes...holding firm after shaking off some weak holders yesterday afternoon.

Posted by Riaz1954 > 2021-02-19 16:24 | Report Abuse

I still think 5+ is a reality....looking into 2021 performance.

Posted by DeepValueInvestor > 2021-02-19 16:32 | Report Abuse

@Riaz1954 looking at banks counters worldwide, I think going back to pre-covid in Q12021 is not a problem. I am tracking to see if they will be able to break above and pre-covid level and inch higher after that with the pent-up demand for lifestyle upgrades after being confined for so long.

Posted by Tedinvestor > 2021-02-19 17:45 | Report Abuse

OTHERS | https://www.klsescreener.com/v2/announcements/view/3308925

Posted by Tedinvestor > 2021-02-19 18:05 | Report Abuse

Cimb niaga profit dropped slightly compared to MAYBANK indonesia

Posted by kokchengkai > 2021-02-19 18:06 | Report Abuse

Any comment abt cimb niaga Indonesia latest qr report???

Posted by stkoay > 2021-02-19 18:10 | Report Abuse

Dividend 1,392,161 vs last year 696,485 ??

Posted by Tedinvestor > 2021-02-19 18:31 | Report Abuse

The report seems confused

Posted by Nice149 > 2021-02-19 19:43 | Report Abuse

What was the results for Q4-2020 as compared to same quarter last year ?

Posted by Riaz1954 > 2021-02-20 10:26 | Report Abuse

Niaga results I guess not too bad...still profitable...net profit down around 40% from previous year..increase in bad debt provisions....I think where other industries are making losses...this result is not too bad...and hopefully impairments set aside are more than sufficient with recovery in 2021...

Posted by Riaz1954 > 2021-02-20 10:32 | Report Abuse

Dividend wise big increase from previous year ..that suggests Bank is more confident about 2021 and it has strong cash flow and solvency capital requirements. This show flow into CIMB group results....

Posted by zerocool7199 > 2021-02-20 19:48 | Report Abuse

https://www.theedgemarkets.com/article/shares-rise-cyclical-stocks-provide-support-yields-climb

Posted by DeepValueInvestor > 2021-02-20 20:57 | Report Abuse

@zerocool7199 Within expectations

https://www.theedgemarkets.com/article/shares-rise-cyclical-stocks-provide-support-yields-climb
in anticipation the U.S. economy will boom on pent-up demand

DeepValueInvestor @Riaz1954 looking at banks counters worldwide, I think going back to pre-covid in Q12021 is not a problem. I am tracking to see if they will be able to break above and pre-covid level and inch higher after that with the pent-up demand for lifestyle upgrades after being confined for so long.
19/02/2021 4:32 PM

Posted by Riaz1954 > 2021-02-21 07:30 | Report Abuse

DeepValueInvestor...you are correct there is likely to be unleashing of pent up demand once vaccination begins to take hold....I can see very strong demand not only in US but world wide as people react to be constrained for 1 year plus. Timing wise now is the right time to take position for upward momentum that will be unleashed.

Posted by Riaz1954 > 2021-02-21 07:32 | Report Abuse

Cimb to open positively on Monday and move upwards ...post results I can see price making further progress after initial reaction. 1 qtr 2021 results will set the tone....for rest of the year as better results will be posted

Posted by Mytime > 2021-02-21 09:37 | Report Abuse

Fat dividend confirmed. Trust uncle here.

Posted by Bgt 9963 > 2021-02-21 10:27 |

Post removed.Why?