Mom seems funds were supporting although chart showing bearishness in SMA both mid and long term plus with other indi overall there is still hope as long mid term bottom at RM3.85/RM3.80 not violated although personally i see there is MEGA DOWNTREND is marching its strength on this counter...
Be informative regard business news, otherwise how to make big bucks from equity? Interest rate is set to rise soon in order to curb inflation, ease speculation on housing and rationalize return on saving. It'll come timely after bank earnings were under pressure. Bimb was among few that will benefit the most from interest rate hike due to its high CASA. Also, foreign funds have shown great interest in banking stocks. I have bought in today @0.58, take the recent price weakness as a golden opportunity. Will keep buying if price further down. Huge potentil on this warrant.
Last few days, l bought from 0.58 to 0.565 until my fingers felt tired. Looking forward for it to reach 1.50 at least after adding profits from bank islam.
Still the best loan growth of all local banks BIMB recorded loan growth of 21.9% yoy in Mar 2014, slightly higher than the 21.5% yoy increase in Dec 2013. This was more than double the industry average of 10.2% yoy in Mar 2014 and the highest of all the local banks. Household loans sustained its pace of growth, expanding by 24% yoy in Mar 2014, while the momentum for manufacturing and general commerce loans accelerated.
CIMB rpt dated today We recommend that investors stay invested in BIMB, given its swift expansion in loans and fee income. Its purchase of the remaining stake in Bank Islam will also be EPS-accretive in FY14 onwards.
Derrick ....I thought you oredi sold this counter.....how come nose bleed still.... At 0.575 got buy or not?.... Aiyo told you to have holding power otherwise don't buy.....
For this counter you must have super duper holding power not one or two months but 1 to 2 years, wait till year end ........ you will be surprise what is coming.
Mother is up with small volume. When mother gradually crawl above 4.30, then probably son will move a bit. Got to be very patience in this sleeping volcano counter.
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....
Painter48
97 posts
Posted by Painter48 > 2014-05-08 21:35 | Report Abuse
Aiyoyo..apasal suda sunyi..sama2 pray then tomolo another collection & hope not corrections.gud luck.