True, they might do this - postpone the higher npl provision. I havent look into this quarter report detailedly. I just ctrl F to find the loan loss provision part to see the changes they made from last q.

Anyway, MBB is almost fully valued, no reason to chase high especially for traders.

Bears died because of QE. Back in 1997/98 no QE.

QE was introduced in Nov 25 2008 but not in 97/98. QE sent the stocks flying in GFC 2008/09 and is sending the stock market flying too this tim.

https://www.theedgemarkets.com/article/cgsc...ery-theme-plays
“Local institutional investors were buying banks and Genting Bhd [while] selling glove makers. Last week’s fund flows revealed that local institutional [investors] increased their net buy flows by 34% w-o-w and raised their net exposure to Malaysian banks and Genting,” it said in a strategy report yesterday.

Retail investors continued to be the largest net sellers of Malaysian banks and Genting, and ploughed back some of these funds into rubber glove players


Local institutional investors were selling, not retailers.

Could be mutual funds that do not have more than 5% in the counter

Cannot lo, it is selling and buying ma. Retail must buy from retail or institution. Institution must buy from institution or retail.

Now, institutions find banks stocks more attractive, so they sell gloves buy banks.
Meanwhile, retailers find glove stocks more attractive, so they sell banks buy gloves.

I3. But dont need to check. EPF is disposing all counters in all sectors because of the RM10000 cash out

Bro, EPF has been busy selling Topglov shares too. EPF is selling all counters in all sectors for the RM10k.
https://klse.i3investor.com/servlets/stk/annchsh/7113.jsp

PE is much lower for CIMB in FY2021 and FY2022 based on analysts' projected NP

Both forward FY2021 and FY2022 PE and PB, CIMB is better.

Moderna has been flying for sometime

The sharp plunge in the FBM KLCI, as well as some blue chips, was due to the MSCI rebalancing. A similar trend was also seen in other markets.

Benchmark indices in the region were in a sea of red. Indonesia's Jakarta Composite fell the most by 2.96%, followed by Thailand's Set (-2.05%), Hong Kong's Hang Seng (-2.06%), Singapore's Straits Times (-1.75%), South Korea's Kospi (-1.6%), Japan's Nikkei 225 (-0.79%), and China's Shanghai Composite (-0.49%).


https://www.theedgemarkets.com/article/publ...hit-msci-review

Setting up a new smelter plant, but with its PE at 64 (priced in for future growth).

It is too expensive to be considered a value buy

This post has been edited by HereToLearn: Dec 1 2020, 10:53 AM

Moderna after hours up another 7%. Total 27% @@

Moderna Dec 17 FDA reviews for emergenecy use approval
Will Pzifer mini fly too if FDA approves on Dec 10?

I guess will apply to all gloves stocks. Although long term ASP will normalize, if TG stops SBB and let it drop more.
At the right price, people will start buying for its yield.

Pzifer is Dec 10
Moderna is Dec 17

This post has been edited by HereToLearn: Dec 1 2020, 05:35 PM

Parking to see show with popcorn

Also, Moderna is up another 12% today.

From what I see, the neckline support is 6.0-6.1, if break below this, then welcome to the double top formation.

Something like that.

Simplistically, when the red bar in hot counters is gone, it is time to leave.
When the red just emerged and it is growing, time to get in (make sure to verify with fundamentals so you dont join any goreng counters).

Wow steel theme is going strong. But Lsteel not making money le. CSC Steel better bet? Thoughts? Anyone in steel counters now?

Almost limit up, but not making money. The only 2 steel counters that are making money are CSC steel and Pantech?