ivan9511 Hi my friends. No this . Many also.down. I keep sapu this and also Affin. For bank keep Affin and this confirm sure win . But just my own view. If mistaken please dun marsh. This down then average down lol 10/10/2018 15:28 X ivan9511 seem I buy Call this and Affin is the absolutely right decision alll the best
How do you know for certain that Anwar is really going to be PM. It did not happen in 1998. Again did not happen in 2014. So, again, might not happen also in 2020. Or even 2023.
Aklobi, the overall market is in a bear phase since start of last week. A bear phase is where most counters record a new low almost daily due to continuous forced selling. It's not a good idea to buy at the beginning of a bear phase. Need to have patience to wait it out and bargain hunt only when the market finally hits bottom.
Posted by TheContrarian > Oct 25, 2018 05:04 AM | Report Abuse
Aklobi, the overall market is in a bear phase since start of last week. A bear phase is where most counters record a new low almost daily due to continuous forced selling. It's not a good idea to buy at the beginning of a bear phase. Need to have patience to wait it out and bargain hunt only when the market finally hits bottom.
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"I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited"
Everybody also waiting to buy bottom. Whats the contrarian move.
Patiently waiting to buy at the bottom, no hurry, lots of insanely undervalued counters to choose, lots of cash in short term one month FD standby. Lucky to have sold off a big chunk of Reach Energy at near recent peak of 50.5 sen when the majority was getting excited over there because Brent was then hovering at USD85 and glad to have exited Toyoink. Stockmarket doesn't climb up forever and doesn't drop down forever.
Malaysia could embark on its biggest banking merger to create ASEAN's largest bank nudging out Singapore's DBS from that position through a mega merger anchored by Maybank to glue together CIMB, RHB, Ambank and Affin. Maybank can scoop up the other banks at around their book values, something that may not have been possible previously when values were higher.
if the 5 banks merged, that means no so many banking stocks to play.
so better dont merge.
Posted by TheContrarian > Dec 17, 2018 11:36 PM | Report Abuse
Malaysia could embark on its biggest banking merger to create ASEAN's largest bank nudging out Singapore's DBS from that position through a mega merger anchored by Maybank to glue together CIMB, RHB, Ambank and Affin. Maybank can scoop up the other banks at around their book values, something that may not have been possible previously when values were higher.
true, but it also mean systematic risk in an economy will be higher as well.
especially in syndicated loans, if the risk is not evenly spread, a single large bad loan will hit the profitability of a single entity badly. thereby impacting on the financial system.
if the loan is spread out, average mean will come into play.
Posted by TheContrarian > Dec 18, 2018 12:27 AM | Report Abuse
A mega merger will extract values from the undervalued listed banks and will benefit EPF most.
Right now I am not looking to add Affin as I feel I can make more elsewhere in the short term. Different people have different risk appetite. For a banking stock, present price is reasonably cheap and bear in mind there's not much free float in Affin as LTAT, Boustead and Bank of East Asia Ltd already owned close to 80%. So, when a merger comes, the price will move up rapidly.
Many, many other counters also undervalued during a bear phase of the stockmarket. Affin needs to be involved in a merger with another banking group to unlock its value.
Posted by TheContrarian > Jan 14, 2019 03:36 PM | Report Abuse
Many, many other counters also undervalued during a bear phase of the stockmarket. Affin needs to be involved in a merger with another banking group to unlock its value.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ivan9511
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Posted by ivan9511 > 2018-10-10 17:44 | Report Abuse
ivan9511 Hi my friends. No this . Many also.down.
I keep sapu this and also Affin.
For bank keep Affin and this confirm sure win .
But just my own view.
If mistaken please dun marsh.
This down then average down lol
10/10/2018 15:28
X
ivan9511 seem I buy Call this and Affin is the absolutely right decision
alll the best