Posted by Sweetchocalates > 2021-03-05 13:30 | Report Abuse

Bond yield up..that's why tevh down. Health care down coz vaccine

Posted by Sweetchocalates > 2021-03-05 13:30 | Report Abuse

Bond yield up = good for banks

Posted by WaterBlower > 2021-03-05 14:05 | Report Abuse

I blow all the bank up. I and powerful waterblower-king

Posted by Newbieinshare > 2021-03-05 15:48 | Report Abuse

Wtf... my apps sot jor. Anyone notice buy queue at 4.49 keep blinking... from 2000lot brcome 5000lot become 2000lot again. Keep blinking for minutes liao

Posted by DeepValueInvestor > 2021-03-05 17:17 | Report Abuse

https://klse.i3investor.com/blogs/undervaluedbanks/2021-03-05-story-h1542034881-Uptrend_formed_next_target_for_KLFI_is_16200_16400.jsp

Posted by Cakes Moon > 2021-03-05 18:01 | Report Abuse

Walao, CIMB is very strong.

Posted by Riaz1954 > 2021-03-05 19:06 | Report Abuse

Chee Kay...market is forward looking and no doubt CIMB will come back stronger than any other bank in Malaysia...during 2021, they will outperform other banks due to release of management layers of additional bad provisions....possibly the strongest recovering quarter would be 2nd quarter onwards. Price could overshoot to 6+ it is a strong possibility. Also govt institutions will pile in.

Posted by stkoay > 2021-03-05 21:16 | Report Abuse

Posted by stkoay > Feb 27, 2021 2:05 AM | Report Abuse X

https://www.theedgemarkets.com/article/cimb-targets-45-loan-growth-202...

In 2021, we have set ambitious targets and to deliver better financial performance compared with 2020. I’m confident and optimistic, assuming that the economic recovery continues, that we will deliver on our targets,” said Rahman.

https://www.theedgemarkets.com/article/cimb-sees-significantly-lower-p...

“We do expect significantly lower provisions across our segments, and also across key operating markets — Malaysia, Indonesia, Singapore and Thailand, reflecting the recovery,” said CIMB’s group chief financial officer Khairul Rifaie at the bank’s FY20 financial result virtual briefing.

Posted by Alfonso > 2021-03-05 22:40 | Report Abuse

Dun play play with this spring....Too strong

Posted by latuk > 2021-03-06 03:40 | Report Abuse

When CIMB announced its recent qtr result, somebody in this forum said 'run run run'. Now that the price is recovering in anticipating that the worst is over, somebody just said RM6. 00 is not impossible. I learnt one good lesson from this forum. Never take the words that appear in this forum seriously. Use you own judgement, and stop believing too much about what rhe 'experts' say here. Many people in this forum are no experts at all.

Posted by WaterBlower > 2021-03-06 08:37 | Report Abuse

latuk what you said is not false though.....but it's just that when the the price down, those supporters will have nothing to say only haters will blow they words. When the price up the haters dare not to voice up and the supporters starts to gain confidence to speak up.
This is us Human... we are waterblowers. You can't say we are not expert which is not right thing to do that. Some are expert in water blowing like me, some are expert in flirting, and etc etc.

Posted by stkoay > 2021-03-06 12:11 | Report Abuse

https://www.theedgemarkets.com/article/cimb-targets-45-loan-growth-202...

“However, we are confident that the second half of the year will be a lot stronger. With that, we expect the financial industry performance to rebound, particularly as provisions come down,” said Rahman, adding that 2021 will be a pivotal year for the bank.

“We have also begun reshaping our portfolios to ensure we are well-positioned to accelerate growth in key segments,” he said.

Posted by stkoay > 2021-03-06 12:12 | Report Abuse

New Management very confident that 2021 will be a povital year for CIMB.

Posted by Oliver Ooi > 2021-03-06 12:13 | Report Abuse

just hope the price will break above NTA, the rest was bonus. and then it seem haven't back to pre-pandemic price level. most big bank already back to pre-pandemic so it still got potential for upside

Posted by stkoay > 2021-03-06 12:33 | Report Abuse

https://www.bloomberg.com/news/articles/2021-03-06/chinese-investors-turn-to-bank-stocks-as-market-darlings-plunge

China’s most-shunned sector is getting a rare moment in the sun as investors seek shelter from a rout in the market’s darlings.

The CSI 300 Banks Index has climbed 12% this year and is trading near the highest since 2007 even as price-to-book valuations remain at just over half of its 14-year average. Liquor maker Kweichow Moutai Co., a favorite among investors, is down 21% from a February peak, with 30-day volatility at a two-year high.

Appetite for Chinese bank stocks, long regarded as perennial laggards, is growing as investors hunt for cheaper parts of the market to escape lofty valuations in growth shares spurred by liquidity-fueled gains this year. That also comes as investors recast expectations for the year amid a surge in U.S. sovereign bonds that’s sent global bank shares higher.

“Banks are the safest pocket to stay and the primary opportunity for the year, and we think the rally will be across the board, not just in the leaders,” said Wang Zhuo, fund manager at Shanghai Zhuozhu Investment Management Co. His fund unloaded about half of its holdings in consumer and technology stocks which turned expensive, and bought banks and other undervalued shares, he said.

Posted by Riaz1954 > 2021-03-06 13:04 | Report Abuse

Worldwide banks stocks have made significant recoveries despite rising bad debts.....the reason is that they had gone down a lot and now are seen as recovery stock with worst over. CIMB has plenty to make up...I can see 6+ on the cards running into 2022. Performance wise 2nd quarter results will see significant improvement. Time to drip feed better than FD.

Posted by stkoay > 2021-03-06 15:05 | Report Abuse

https://www.theedgemarkets.com/article/fbm-klci-likley-trade-higher-next-week

KUALA LUMPUR (March 6): The FBM KLCI is likely to trade higher next week on the back of energy and finance counters due to stronger oil prices and Bank Negara Malaysia’s decision to keep the overnight policy rate (OPR) at 1.75%, according to an analyst.

Axi chief global market strategist Stephen Innes said the benchmark index would likely trade between 1,580 and 1,610 next week, well supported by banking stocks that benefited from the recent decision by the central bank in its second Monetary Policy Committee meeting.

"The KLCI is well weighted to benefit from banking and energy," Innes told Bernama

Posted by Keyman188 > 2021-03-07 11:57 | Report Abuse

Senate Passes $1.9 Trillion Relief Bill After Marathon

(March 7, 2021, 1:24 AM GMT+8 Corrected March 7, 2021, 11:41 AM GMT+8)

President Joe Biden’s signature $1.9 trillion Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after Democrats settled an intra-party dispute over unemployment aid.

The measure, the American Rescue Plan Act, now heads back to the House, where Majority Leader Steny Hoyer said a vote will be held Tuesday. Although some House progressives have complained about changes made by the Senate, none so far have threatened to withhold votes. Democrats aim to have it signed into law next week.

Enactment of the second-largest stimulus bill in U.S. history would hand Biden his first legislative victory and set the stage for work this spring on a massive infrastructure and manufacturing recovery bill that he wants.

“As tough as this moment is, there are brighter days ahead -- there really are,” Biden said at the White House after the Senate acted. “It’s never been a good bet to bet against America.”

The bill would provide the biggest health-care expansion since the Affordable Care Act, a temporary plan to slash the child poverty rate and send $1,400 payments soon to millions of Americans. In addition, state and local governments are set to get more than $350 billion in aid and schools would get an infusion of funding, all of which Democrats hope will propel a faster economic recovery long before they face voters in 2022.

It would deliver $300 a week in extra unemployment assistance through Sept. 6 and make the first $10,200 of unemployment insurance benefits non-taxable for households with incomes of less than $150,000. The legislation includes $160 billion for vaccine and testing programs to help stop the spread of the coronavirus. The Senate also adopted a bipartisan amendment from Republican Lisa Murkowski of Alaska and Democrat Joe Manchin of West Virginia to direct $800 million toward alleviating youth homelessness.

Overall, the legislation is double the size of the Obama-era stimulus and exceeded many earlier Wall Street estimates for how big a package could Democrats pass with the thinest margin of control. It is eclipsed in size only by the $2.2 trillion pandemic aid plan passed a year ago.

The Democratic drive in the Senate stalled out for nearly 12 hours on Friday after Manchin -- a pivotal vote in the 50-50 Senate -- balked at an amendment to extend supplemental unemployment benefits into October.

As Republicans tried to lure Manchin to vote for a proposal by Senator Rob Portman of Ohio that would extend the benefits only through July 18, Democrats from Biden on down furiously lobbied Manchin and reworked their earlier plan to get his support.

Negotiations on that amendment caused a separate vote on minimum wage that set a record for the longest vote in Senate history, dragging on for nearly 12 hours as Democrats tried to keep their caucus united. In the end, the provision was left out of the legislation because of arcane Senate budget rules.

Despite that stumble, passage was a major victory for Senate Majority Leader Chuck Schumer, who aimed to show that Democrats could wield power despite the 50-50 Senate split.

The deals he brokered on stimulus payments and unemployment aid, as well as the addition of a dozen smaller changes, ensured that moderate Democrats like Manchin and Arizona’s Kyrsten Sinema were on board along with progressives like Senate Finance Chairman Ron Wyden. That may also help in the House, where progressives were already angered over the loss of the minimum wage provision.

Democrats held together to reject Republican amendments on limiting state and local aid; restricting abortion funding; banning aid to schools that have transgender athletes or fail to open 5 days a week; and ending aid to minority farmers, among others

Schumer said the vote showed Republicans that if they don’t negotiate, Democrats are prepared to act on their own.


Cont...


## https://www.bloomberg.com/news/articles/2021-03-06/senate-passes-1-9-trillion-relief-package-after-marathon-votes?srnd=premium-asia


-------------Further great boost market news ahead------------------------------

Posted by stkoay > 2021-03-07 14:38 | Report Abuse

https://www.malaymail.com/news/money/2021/03/07/china-exports-spike-to-highest-in-decades-after-covid-19-hit/1955621

Posted by Keyman188 > 2021-03-07 14:39 | Report Abuse

U.S. Economy Ready to Surge With Big Stimulus, Fast Vaccines

(March 7, 2021, 2:00 AM GMT+8 Updated on March 7, 2021, 3:41 AM GMT+8)

~ Growth estimates have jumped in light of recent developments

~ Gains may give some pause on massive infrastructure package

With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is much sunnier than it looked in early January.

The latest Bloomberg monthly survey of economists shows the annualized pace of growth in the first quarter will be 4.8%, twice as fast as respondents expected just two months ago. For the full year, gross domestic product is projected to rise 5.5%, which would be the fastest since 1984 and is up from January’s estimate of 4.1%.

After January’s key run-off elections in Georgia, where Democrats secured two Senate seats to win slim control of the chamber from Republicans, economists were generally penciling in a pandemic relief package worth around $1 trillion. Democrats stuck together to push through a bill almost double that size; no Republican senators voted for the plan on Saturday. The measure next goes back to the House for a final vote, expected to be Tuesday.

President Joe Biden, speaking Saturday after the Senate vote, looked for a major boost to the economy.

“This will create millions of new jobs,” Biden told reporters at the White House. “It’s estimated over 6 million new jobs by itself; increase the gross domestic product by a trillion dollars.”

“As tough as this moment is, there are brighter days ahead -- there really are,” Biden said. “It’s never been a good bet to bet against America.”


Cont...


## https://www.bloomberg.com/news/articles/2021-03-06/u-s-economy-ready-to-surge-with-stimulus-expanding-vaccines?srnd=premium-asia



----------------Unstoppable further great great news------------------------------

Posted by zhen wei & JP > 2021-03-08 13:45 | Report Abuse

Eyeing for 4.80sen

Posted by stkoay > 2021-03-08 14:20 | Report Abuse

Warming up only...still at accumulation mode.

Posted by Riaz1954 > 2021-03-08 18:17 | Report Abuse

CIMB has plenty left ...for sure, s all,profit taking and then move upwards and onwards. Target is 5.20

Posted by investortrader88 > 2021-03-08 21:56 | Report Abuse

sotong very strong recently.hope it will continue uptrend.good luck guys.

Posted by prudentinvestor > 2021-03-08 22:59 | Report Abuse

Has gone up too much, from RM3.80. Could be running out of steam.

Posted by stkoay > 2021-03-09 01:25 | Report Abuse

Financial lead rally in US....up 2.3%

Posted by Alfonso > 2021-03-09 08:07 | Report Abuse

today no doubt, please up another 2%-3% at least!

Posted by limiklimik > 2021-03-09 09:57 | Report Abuse

so soon profit taking already?

Posted by Riaz1954 > 2021-03-09 10:46 | Report Abuse

Surprised to see selling ...5 + is on....worldwide financials rallying .....let’s keep pushing to target level

Posted by WaterBlower > 2021-03-09 15:46 | Report Abuse

5/3/2021 CIMB wishes to announce that it will be seeking its shareholders' approval for the proposed renewal of the authority for CIMB to purchase its own shares of up to 10% of the issued and paid-up share capital of CIMB ("Proposed Share Buy Back") at its 64th Annual General Meeting (AGM) to be convened on a date to be announced later.

This announcement, is this some kind of preparations for heavy fall and they will try to hold it?
Or they need some liquidation so might arrange some financial institutional to push the price down and buy back some to earn back some for the impairment they got hit hard?

Posted by WaterBlower > 2021-03-09 18:03 | Report Abuse

Don't act smart with 2 wordings . Nice act smart lol

Posted by yfchong > 2021-03-09 18:30 | Report Abuse

5......is the gate

Posted by Cakes Moon > 2021-03-09 19:35 | Report Abuse

Hold for long term gain.
This is RM8 stock.

Posted by stkoay > 2021-03-09 22:10 | Report Abuse

https://www.theedgemarkets.com/article/cimb-investment-bank-named-malaysia-bond-house-year-ifr-asia-awards

KUALA LUMPUR (March 9): CIMB Investment Bank Bhd said it has been named Malaysia Bond House of the Year in the IFR Asia Awards 2020, in recognition of its outstanding performance in a series of complex and innovative debt financing deals and continued leadership in the ringgit bond market.

Posted by Riaz1954 > 2021-03-10 18:29 | Report Abuse

Should move up again after a breather ......good prospect for medium term...we know that any correction will be temporary...question is how much to top up..that’s all!

Posted by Happy Investing > 2021-03-11 09:25 | Report Abuse

Dividend not announced yet?

Posted by WaterBlower > 2021-03-11 12:16 | Report Abuse

No dividend!!!

Posted by pcyee56 > 2021-03-11 16:25 | Report Abuse

dividend 4Q is 4.8 sen; ex-date not fixed yet

Posted by stkoay > 2021-03-11 17:26 | Report Abuse

Correct !!

Posted by stkoay > 2021-03-11 17:30 | Report Abuse

Dividend for 2018 25 sen

.............2019 26 sen

.............2021 should be about 20 sen.

Posted by stkoay > 2021-03-11 17:31 | Report Abuse

At current price it yields above 4%.....better than bank FD.

Posted by WaterBlower > 2021-03-11 17:53 | Report Abuse

Without the attractive dividend.... we are not expecting any FDI to come in to CIMB at these period of time.

Posted by Riaz1954 > 2021-03-11 19:14 | Report Abuse

It would be irresponsible for bank to pay out excessive dividends before it repairs its damaged balance sheet. Very sensible. Besides FDI is not necessarily linked to dividend income, capital growth is important as well. If bank recklessly pays out high dividend may actually increase risk and dent confidence.

Posted by stkoay > 2021-03-11 20:28 | Report Abuse

https://www.malaymail.com/news/money/2021/03/11/cimb-fixes-dividend-reinvestment-schemes-issue-price-at-rm4.02-each/1957004

Posted by WaterBlower > 2021-03-12 10:40 | Report Abuse

1023    CIMB    CIMB GROUP HOLDINGS BERHADInterim Dividend (with Dividend Re-Investment Plan)Entitlement Details:Single Tier Interim Dividend of 4.81 sen per share in respect of the
financial year ended 31 December 2020
Entitlement Type:Interim Dividend (with Dividend Re-Investment Plan)Entitlement Date and Time:25/03/2021  05:00 PMYear Ending/Period Ending/Ended Date:31/12/2020EX Date:24/03/2021To SCANS Date:Payment Date:22/04/2021Interest Payment Period:Trading of Rights Start On:Trading of Rights End On:Stock Par Value:Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlementsA Depositor shall qualify for the entitlement in respect of:- Securities transferred into the Depositor's Securities Account before 25/03/2021 04:30 PM in respect of ordinary transfers.- Securities transferred into the Depositor's Securities Account before in respect of express transfers.- Securities deposited into the Depositor's Securities Account before in respect of securities exempted from mandatory deposit.- Securities not withdrawn from the Depositor's Securities Account as at .- Securities bought on BMSB on a cum entitlement basis according to the Rules of the BMSB.

I low education cannot understand. Apa dia orang cakap? That 4.81 cents also don't wanna pay us and give us share instead?

Posted by cklimm > 2021-03-12 11:24 | Report Abuse

Waterblower, it means that you can keep the dividend of 4.81sen, or subscribe for new CIMB shares at 4.02 each

Posted by param1 > 2021-03-12 11:34 | Report Abuse

thanks cklim

Posted by Steven Tan > 2021-03-12 12:53 | Report Abuse

cklimm, do you know whether they will send us a physical letter or an email for us to choose whether we want to receive cash or shares? Thank you in advanced.

Posted by Plantermen > 2021-03-12 14:06 | Report Abuse

Traders locking in position on Friday

Posted by ZeaXG > 2021-03-12 14:24 | Report Abuse

@Steven Tan, the registrar for CIMB which is Boardroom will sent the physical DRP form to you. You will need to fill it in, affix a RM10 revenue stamp which can be bought from post office and send it back to Boardroom.