Posted by troy88 > 2023-06-01 16:48 | Report Abuse

banks getting suppressed. Even if record profits also can't go up for now. The time for banks to surge up again will come eventually

Posted by stkoay > 2023-06-02 11:41 | Report Abuse

Bought some at 4.82....some Q still pending 😊

Posted by Mabel > 2023-06-02 12:01 | Report Abuse

First quarter 2023 earnings: EPS in line with expectations, revenues disappoint
First quarter 2023 results:
EPS: RM0.15 (up from RM0.14 in 1Q 2022).
Revenue: RM4.69b (up 3.8% from 1Q 2022).
Net income: RM1.64b (up 15% from 1Q 2022).
Profit margin: 35% (up from 32% in 1Q 2022). The increase in margin was primarily driven by higher revenue.
Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) were mostly in line with analyst estimates.

Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.

Yum Yum for Upcuming Dividend..

Posted by cwc1981 > 2023-06-02 16:04 | Report Abuse

Added again. Low compared to yesterday

Posted by stkoay > 2023-06-02 18:04 | Report Abuse

4.80 also matched.....completed 1st batch....

Posted by stkoay > 2023-06-02 18:07 | Report Abuse

Focus switch back to Maybank :)

Posted by stkoay > 2023-06-03 12:35 | Report Abuse

https://theedgemalaysia.com/node/669824

On Wall Street, all three main indexes ended higher, led by gains in financials, industrials, consumer discretionary, technology and healthcare stocks.

The Dow Jones Industrial Average rose 2.12% to 33,762.76, the S&P 500 gained 1.45% to 4,282.37 and the Nasdaq Composite added 1.07% to 13,240.77.

Posted by Mabel > 2023-06-05 09:47 | Report Abuse

DJI boosted over 2.1% last Fri as the debt ceiling deal was passed and investors cheering for strong May 339,000 jobs report..

Previous data gave wrong impression. The Growth of Recruitment outpace No of Layoff in US..

Unfortunately Bursa is closed today. Singapore STI is now up by 48 points with Mabel Singapore Airlines, Top 3 South East Asia Banks and Plantation pushing the Index to the next level...

Tomorrow Mabel Malaysian Banks Maybank, CIMB and BIMB should be up lor..

Meow Meow Meow

Posted by cwc1981 > 2023-06-05 16:47 | Report Abuse

Good good last week collected some

Posted by stkoay > 2023-06-06 12:01 | Report Abuse

https://www.nst.com.my/business/2023/06/917022/banks-have-sufficient-levers-sustain-earnings-and-dividend-growth-rhb

Overall, RHB Research has maintained its "Overweight" call on the banking sector, with its top picks include Malayan Banking Bhd, Hong Leong Bank Bhd and CIMB Group Holdings Bhd.

Posted by stkoay > 2023-06-06 12:07 | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/67700

Stock:
CIMB
Price Target:
6.00
Price Call:
BUY

Posted by speakup > 2023-06-06 12:35 | Report Abuse

👍 still holding my cimb 3.80

Posted by stkoay > 2023-06-06 15:13 | Report Abuse

https://theedgemalaysia.com/node/670030

Posted by Mabel > 2023-06-08 17:28 | Report Abuse

Haha early this week Mabel was successful to collect CIMB..

Today someone was kind to sell BIMB to Mabel at RM 1.74 and RM 1.73..Thank you so much..

Tiger as expected so power

Meow

Posted by speakup > 2023-06-08 21:43 | Report Abuse

u can never buy the lowest or sell the highest
last time speakup bought cimb 3.80, that time tot 3.80 will be lowest already.... then it fell all the way to rm3!

Posted by i3lurker > 2023-06-08 21:57 | Report Abuse

growth in CIMB is still fantastic due to easy to open bank accounts.

in fact, if you go other banks, they make life so difficult, its like HELL
and FINALLY tell you to go open bank accounts at other banks

Posted by speakup > 2023-06-09 09:24 | Report Abuse

Last chance to buy below rm5
After this no more below rm5

Posted by troy88 > 2023-06-09 10:15 | Report Abuse

yes, will slowly but surely climb back up to 5.5X

Posted by stkoay > 2023-06-09 11:55 | Report Abuse

Wow...bought one batch only at average 4.81....the boat sailed away liao, no wait for me to collect 2nd, 3rd batch :(

Posted by speakup > 2023-06-09 12:39 | Report Abuse

What's your 2nd batch price? 3rd batch price?

Posted by Mabel > 2023-06-12 11:20 | Report Abuse

Cheers Everyone..

CIMB is looking so good now..

So power..

Meow Meow Meow

Posted by stkoay > 2023-06-12 11:52 | Report Abuse

@speakup, that time when I bought, the sentiment was very weak and institutional selling was heavy, so, I was waiting to see if it goes lower to slowly accummulate.
...but now that market sentiment has improve a little, i will buy irrespective of price at current level, after it has stabilized for a while.....anything below 5.30 is still considered cheap for investment....and not for trading...haha...just my 2 sen :)

Posted by stkoay > 2023-06-12 12:30 | Report Abuse

This was my No.1 buy in 2020....sold 80% in late 2021 at around 5 and switched to Maybank at about 8
....will now try to buy back the 80%....not swiching from Maybank....will use fund from my fixed income investment....the yield now from this octopus should be higher than my fixed income

Posted by stkoay > 2023-06-12 16:54 | Report Abuse

Closing gave few sen discount to buy tomorrow :p

Posted by stkoay > 2023-06-13 11:29 | Report Abuse

Another opportunity to collect at 4.8+ ??

Posted by troy88 > 2023-06-13 11:49 | Report Abuse

come give me 4.80 again I am hungry to makan some more..

Posted by Mabel > 2023-06-13 15:29 | Report Abuse

Haha now RM 5 oledi...

Meow Meow Meow

Posted by vinvin > 2023-06-15 13:35 | Report Abuse

Any further news?

Posted by Mabel > 2023-06-15 17:21 | Report Abuse

All good...

Today closed RM 5..

Sooo Good!

Posted by stkoay > 2023-06-19 11:38 | Report Abuse

Don't sail away, come back please.

Posted by troy88 > 2023-06-19 11:56 | Report Abuse

No more cheap sales? Haha

Posted by stkoay > 2023-06-19 12:00 | Report Abuse

So sad :(

Posted by speakup > 2023-06-19 13:11 | Report Abuse

No more <5

Posted by troy88 > 2023-06-19 14:47 | Report Abuse

EPF has been buying up like mad during cheap sales. It will soon climb back to 5.5X and above..

Posted by prudentinvestor > 2023-06-19 15:07 | Report Abuse

Wow! Investors have returned to sapu CIMB shares.

Posted by speakup > 2023-06-19 16:37 | Report Abuse

Sale no more 😁
Ppl who expected Mega Sale disappointed

Posted by speakup > 2023-06-19 16:38 | Report Abuse

Already say many times, u can't tell the bottom. Last time speakup buy 3.80 thought was really cheap, then it drop to rm3!

Posted by stkoay > 2023-06-19 19:46 | Report Abuse

Yes I started buying at 3.50....and it dropped to below 3...
...waited for it to drop more but it stayed around 3 very briefly then rebounded....like now, it stayed at 4.80 only very briefly.

Posted by troy88 > 2023-06-20 10:25 | Report Abuse

last time below RM4 was during the OPR cuts and pandemic time before vaccines. It should not go back to those depressed levels unless we see another major pandemic which only losing money glovers are hoping for..

Posted by stkoay > 2023-06-20 11:32 | Report Abuse

Woi.....not so fast, come back first....

Posted by speakup > 2023-06-20 12:11 | Report Abuse

Train already left station

Posted by Mabel > 2023-06-20 20:59 | Report Abuse

Life is so beautiful...

Meow

Posted by stkoay > 2023-06-21 11:23 | Report Abuse

Go slow slow, come back first........

Posted by prudentinvestor > 2023-06-21 12:01 | Report Abuse

Has already gained by 9% from its recent lows just over two weeks ago. Those who had picked up at RM4.85 and below have already made some decent profit.

Posted by stkoay > 2023-06-21 12:03 | Report Abuse

Before the 1Q report came out, one expert said, banks are in dilemma, if economy is good profit growth is limited, if economy no good, profit will be affected....
....but after all companies reported, Banks results were the most impressive....haha :)

Posted by stkoay > 2023-06-21 12:24 | Report Abuse

@prudentinvestor,

Posted by stkoay > 2 weeks ago | Report Abuse

Bought some at 4.82....some Q still pending 😊

Posted by stkoay > 2 weeks ago | Report Abuse

4.80 also matched.....completed 1st batch....

😉😉😉

Posted by stkoay > 2023-06-21 12:26 | Report Abuse

Lai lai.......come sell banks

Posted by prudentinvestor > 2023-06-21 12:29 | Report Abuse

By any measure, banks are the safest counters to invest in but many small investors still prefer to put their money in speculative stocks.

Posted by stkoay > 2023-06-21 12:36 | Report Abuse

@prudentinvestor,

As @linges mentioned, most people started new by punting speculative high beta stocks.....
....and after got burnt a few times and as they get older, they will slowly switch to lower beta blue chips....
....that's where rich uncles and aunties park their money :)

Posted by cwc1981 > 2023-06-21 16:19 | Report Abuse

CIMB keng chow