Posted by Mabel > 1 month ago | Report Abuse

Let see if Santa is cuming to town at the end of this year.

Yesterday, Bursa Malaysia’s FBM KLCI closed at 1,645.99 points, a 0.28% increased. Market Outlook: Bursa Malaysia is expected to rise, with the FBM KLCI index potentially surpassing 1,780 points by the end of the year.

The Malaysian ringgit is expected to strengthen against the US dollar, potentially reaching RM4.10 to RM4.20 by the end of 2024.

Meow Meow Meow

Posted by Mabel > 1 month ago | Report Abuse

Reaching 1700 by the end of the year is possible, provided there are no further negative developments. The ongoing conflict in the Middle East has been accounted for, unless a third World War breaks out. The next two weeks will be highly volatile due to the US Presidential Election. Harris is more predictable, whereas Donald Trump is less so.

Looking ahead, the market could rise to 1900 by 2028. This is not due to Madani, but because we are part of ASEAN, which includes economic powerhouses like China and India. These two giants are highly competitive. For instance, China can build anything at a low cost. As their domestic market becomes saturated, they are expanding beyond their borders. ASEAN stands to be the biggest beneficiary of this shift..

Posted by stkoay > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/731007

KUALA LUMPUR (Oct 21): CIMB Thai Bank PCL, in which CIMB Group Holdings Bhd (KL:CIMB) owns a 94.83% stake, saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) surge by 62.1% to 595.67 million baht (RM76.77 million) from 367.42 million baht (RM47.33 million) in the same quarter a year ago, thanks to gains on financial instruments and higher operating income.

Posted by Kurama > 3 weeks ago | Report Abuse

Oh my gosh what happen today. Will it further drop

Posted by Mabel > 3 weeks ago | Report Abuse

Tomorrow go up...

Posted by HugoUPUPUP > 3 weeks ago | Report Abuse

PMX mau dividend tax 2%, all foreign fund or local fund run?

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

This Cina India Melayu Bangla Bank share price will overtake Maybank one fine day.

Everyday a huge thick stack more than 1 feet thick of new business bank accounts being opened by SMEs being treated like Yemen Houthi shit by Maybank. 😁
Business SMEs are abandoning Maybank in droves.

I am also joining the herd to abandon Maybank after 25 years business banking with Maybank to open business account with this Cina India Melayu Bangla Bank

No idea why.
Maybe Maybank staff boycott Maybank by screwing Maybank customers

Posted by Income > 3 weeks ago | Report Abuse

Balian sir, this bank in Hokien is call a kiss bank，
Muaz muazs K iss bank. That's why lots of male love to go to kiss bank。U don't know ker?

Posted by Income > 3 weeks ago | Report Abuse

Balian sir, you see marble cat also loves kiss bank。Who doesn't love kiss es?

Posted by Income > 3 weeks ago | Report Abuse

Everyone given a kis s if open an account. Sure heboh one ma ma Mia

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

My rough estimate of Maybank Yemeni Houthi style treatment of SME is a drop in free float of at least minimum RM100 Billion.

Currently these RM100 Billion SME float are lent out to other banks at overnite rates say example 2%.

Once Yemeni Houthi fully activated. Maybank will need to borrow RM100 Billion overnite from Cina India Melayu Bangla Bank.
Maybank drop in income RM2 Billion
Maybank increase in interest expenses RM2 Billion.
Total damage to Maybank RM4 Billion per year.

Total gains to Cina India Melayu Bangla Bank => RM4 Billion per year to net profits.

😁

Those pretty women attending to me opening business bank account have no idea why suddenly their bank is better than sliced bread. 🤣

Posted by Income > 3 weeks ago | Report Abuse

Posted by Balian de Ibelin > Oct 30, 2024 4:35 PM | Report Abuse

😁

Those pretty women attending to me opening business bank account have no idea why suddenly their bank is better than sliced bread. 🤣

？

You will be kis s by Those pretty women attending to me opening business bank account in Kis s Bank. Wow!

Posted by stkoay > 3 weeks ago | Report Abuse

Yes yes, today I sold some Maybank to buy CIMB.

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

A RM100 Billion bank run on Maybank is very disturbing.
I believe Directors and staff of Maybank do not bother and do not care.

As a Maybank 25 years business customer, I do not ask any reasons, no service? just switch banks.
At CIMB Bank to open business bank account, I was amused to see that I was not the only Maybank runaway.
Most CIMB branches got huge stacks of Maybank runaways to process every day.

Actually you can also see on the Maybank technical charts.
Maybank share price is diving downwards as the RM100 Billion Maybank bank run proceeds everyday.

Posted by Income > 3 weeks ago | Report Abuse

Balian Cimb sui cha bo，
Everyday Sui cha bo Cimb Balian。 Balian eh bing cheo bi bi。
This is Cimb Bk the great Sotong.

Posted by mf > 3 weeks ago | Report Abuse

Stock futures fall for a second day as Microsoft, Meta results disappoint

Posted by enning22 > 2 weeks ago | Report Abuse

RECORD-HIGH PBT CIMB Niaga
Record PBT of Rp2.2 tn in 3Q24
(+1.0% qoq) bringing 9M24 PBT of
Rp6.6 tn (+5.1% yoy) driven by quality
loan growth and enabled by better

operating efficiency, and asset quali

Posted by vinvin > 2 weeks ago | Report Abuse

What is happening to Sutong now?

Posted by troy88 > 2 weeks ago | Report Abuse

KLCI back to being jinx. PMX all talk only but no substance

Posted by enning22 > 2 weeks ago | Report Abuse

taann ,sop , theseteo stocks also safe to invest.

Posted by dompeilee > 2 weeks ago | Report Abuse

At least I don't feel so bad about selling OFF my last shares in CIMB, held since Aug 2013, for $8.14 last month!

Posted by Pinky > 2 weeks ago | Report Abuse

Game over for banks?

Posted by stkoay > 2 weeks ago | Report Abuse

Banks fundamental remain strong, but overall market is weak.

Posted by enning22 > 2 weeks ago | Report Abuse

global markets are waiting to adjust to new Trump government and his policy changes

Posted by Mabel > 2 weeks ago | Report Abuse

To say next week is pivotal is probably understating it.

Wall Street awaits with bated breath the outcome of the U.S. presidential election on Tuesday, in a season that has seen plenty of twists and turns. Various polls have placed U.S. Vice President Kamala Harris and Republican opponent Former President Donald Trump neck-and-neck for the White House, while prediction platforms have swung between the two candidates.

The election will be followed by the penultimate Federal Reserve monetary policy committee meeting of the year, commencing on Wednesday. On Thursday, policymakers will announce their decision.

Since the central bank's bumper half-point rate cut in September, incoming data has suggested a continued deterioration in the labor market, an economy that was still chugging along, and an inflation situation that may not be completely out of the woods yet. It keeps the Fed on track to deliver another interest rate cut next week, and markets expect it to be a 25 basis point decrease.

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,729.93

+1,508.05

3.57%

Nasdaq

NASDAQ Composite

18,983.46

+544.29

2.95%

Posted by troy88 > 1 week ago | Report Abuse

Banks and plantation holding up KLCI above 1600. Otherwise should be in the 1500+ range. Look at Singapore market so strong and not so heavily manipulated like KLCI.

Posted by masterus > 1 week ago | Report Abuse

Fed Cuts Rates Again
The Federal Reserve cut interest rates by a quarter point, the second reduction this year. A combination of strong data and Donald Trump’s return to the White House muddles the outlook on what comes next.

Nov. 7, 2024
Updated 8:39 p.m. ET

Posted by mf > 1 week ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

44,293.13

+304.14

0.69%

Nasdaq

NASDAQ Composite

19,298.76

+11.98

0.06%

Posted by stkoay > 1 day ago | Report Abuse

YTD still up 40%.....Sotong is Best !!

The uncle who missed out on this one, gets very angry with the one who has....
.....haha.