Forum : Stock: [CIMB]: CIMB GROUP HOLDINGS BERHAD

6.64 to 7.24 within 4.weeks..for 40c profit for cimb bank.
It is a substantial earning to me.....
I don't expect much but it is my top performing retirement stock..
I still enjoy hefty dividend yield as extra bonus...

pang72

51,542 posts

Posted by pang72 > 2024-07-11 17:24 | Report Abuse

I will expect t much more upside once QR out..
$7.60 is not a dream anymore by glc pouring $2B into bluechip

pang72

51,542 posts

Posted by pang72 > 2024-07-11 17:27 | Report Abuse

Tiger can touch $10
Why not cimb Sotong?
When it's touch $10 is my next big achievement in stock investment..
Patiently waiting for the glory day

Mabel

24,233 posts

Posted by Mabel > 2024-07-11 22:48 | Report Abuse

https://theedgemalaysia.com/node/718568

Malaysia is starting to sail again…

KUALA LUMPUR (July 11): After almost six years of maintaining an "underweight" rating on Malaysia, JP Morgan has upgraded its stance on the country to "neutral", according to a recent CNBC interview with Rajiv Batra, its head of Asia-Pacific (ex-Japan/China) equity strategy.

The decision was driven by several key factors, including policy reforms, data-centred investments, and a significant infrastructure buildout.

Malaysia is recording a 4.2% gross domestic product (GDP) growth in the first quarter of this year, and earnings growth tracking around 10% to 11%.

Foreign money is coming back to Malaysia

Malaysia, which had fallen off the radar for many foreign investors, is now attracting attention once again. "We suffered (US$)7 billion outflows in Asean equities this year. Malaysia started with around (US$)150 (million) to (US$)160 million outflows in the first quarter but saw a return of (US$)200 million in the second quarter,"

The changing perception among international investors is evident, as Malaysia has seen foreign investors returning after initial outflows. Notably, year-to-date, the bellwether index FBMKLCI has gained 11%, while FBM70 is up 28%.

Meanwhile, the ringgit has strengthened more than 2% against the US dollar from its over two-decade low in February. "People are warming up to Malaysia and asking where they should invest.

One reason for this renewed interest is Malaysia’s potential as a technology hub. "Foreign money is starting to come back to Malaysia," noting the interest in sectors like chip packaging in Penang, data centres, electric vehicles (EVs), green energy and solar projects. Foreign investors are recognising the multiple themes and sectors that Malaysia has to offer.

Considering Malaysia’s substantial market capitalisation, comparable to Singapore, Indonesia and Thailand, it is becoming a more attractive destination for foreign investment. "Foreign investors are taking baby steps and putting money in," …although the foreign ownership level remains at only 19%, not yet peaking at the 35% to 40% levels.

JP Morgan’s upgrade reflects a combination of economic growth, effective policy implementation and improving governance, making Malaysia a more promising investment destination.

pang72

51,542 posts

Posted by pang72 > 2024-07-12 09:45 | Report Abuse

Good morning marble bring good news to cimb

pang72

51,542 posts

Posted by pang72 > 2024-07-12 09:46 | Report Abuse

Foreign funds are diverted money to Malaysia

troy88

3,022 posts

Posted by troy88 > 2024-07-12 11:44 | Report Abuse

Bank stocks should do pretty well with JPM positive outlook on Malaysia market. However, it's important to invest in the good ones and CIMB is without doubt amongst the best

pang72

51,542 posts

Posted by pang72 > 2024-07-12 16:55 | Report Abuse

7.13 up 4c
No down 20c?
Today lesson learn is to be very noise and arragont than Toukeh so they are FOMO too...

pang72

51,542 posts

Posted by pang72 > 2024-07-12 17:00 | Report Abuse

Taokeh is out of patients as I seen because cimb continues going up without any 20c drop...

Anywhere, buy 7.6 sell 8.60 is still profit
Buy 8.60 sell at 9.60 is still untung...

pang72

51,542 posts

Posted by pang72 > 2024-07-12 17:01 | Report Abuse

Another week laughing all the way to bank..

Pinky

3,478 posts

Posted by Pinky > 2024-07-12 17:04 | Report Abuse

@pang72 we are ALREADY at the bank hahaha

stkoay

6,491 posts

Posted by stkoay > 2024-07-12 17:08 | Report Abuse

It takes just one negative news....and punter will laosai n cabut kuat kuat.....happened last few months....and said hold cash is better n will get to buy back cheaper next few months...but when price trade much higher, punter FOMO and jumped in at higher price ...and come back to talk 3 talk 4 ......wakaka....

pang72

51,542 posts

Posted by pang72 > 2024-07-12 23:36 | Report Abuse

Pinky,
Why am I always meet you at Private Bank lounge...
Hahaha....

pang72

51,542 posts

Posted by pang72 > 2024-07-12 23:38 | Report Abuse

I am sure we can camping at banking to count money liao perhaps everyday looking at FOMO people bising bising outside there..complaining doesn't help lo

pang72

51,542 posts

Posted by pang72 > 2024-07-15 15:23 | Report Abuse

Panic buy lagi

pang72

51,542 posts

Posted by pang72 > 2024-07-15 17:49 | Report Abuse

$7.18 up 5c...
No drop 20c... Hihi..
Tmr, break $7.24... FF return

TrendSculptor

96 posts

Posted by TrendSculptor > 2024-07-15 20:40 | Report Abuse

CIMB teams up with DHL to mitigate 20% of air shipments’ carbon emissions. More people will open CIMB accounts 😁