What stock?

sad weii .....CIMB drop more hahahaha

my loss getting more ...

need sell more gloves pump in cimb again

i sold off my MBB cause i am scared it follows the foreign banks.. OCBC down damn alot too..

All headwinds are temporary.. but i am expecting a lower price, so might as well go with my gut for this..

HLB and HLFG are on drugs today. Bad sentiment, but top 2 gainers in KLCI index.

Net profit drop, but still declare 20 cents dividend.... *looks at Maybank*

I just sold off my MBB with a bit of losses. Am scared even when moratorium ends, companies still can't pay back their loans. Economy won't be good for a while.

https://www.penangpropertytalk.com/2020/09/...y-as-september/

These news will make banks go down further

I have most of my money in FDs, but rates are just.... pathetic, to say the least. If not because I need to keep them in cases of emergency and for future uses, I would have put even more in stocks now.

OPR cut impact is never big - too minimal to affect banks' profitability. But the OPR is a good lead indicator of where the economy is going.
- If cut, means economy is not recovering yet
- If maintain, means the economy recovery is heading towards the track intended by BNM
- If rise, means economy is overheating

The only big impact is from NPL. Among the blue chip banks, CIMB has the highest increment in loan provision (% wise) compared to other banks, and hence showing the worst performance over all banks (maybe except MBSB). One important thing to take note on banks
- All provisions if not 'loss', will be credited as profits in the future; but since most people dont take time to read balance sheet and only focus on the eps, they will just run.

So let them run, only then the share price can drop more . It is almost always unwise to fight the trend, let them drop and only start buying banks when there is a clear indication that the economy recovery is on track (OPR).

Banks might be doing better after moratorium, when the cashflow is back. BUT post moratorium unexpected spike in NPL will hurt them.
*Note that there was no automatic moratorium on corporate, just SMEs and individuals. But the sum of all 'ikan bilis' NPL could also be big.

Again, if you are against timing the market (I know it is hard, but I think we should at least try), just DCA for the next 6-12 months. You will be fine buying them at this price.
Unless the economy will only recover after 10 years, then prepare to hold for 10 years .

Meanwhile, you can buy pennies and very overly-heated stocks, but just get ready to hold for 10 years if you are trapped high and not willing to cut lost .

I missed those days when topglove and hartalega carried KLCI, the hype was so strong, almost everyone was making ez money.

The sentiment is slowly shifting, I wonder what will be the next hype for syndicate traders to target for the remaining 2 months? Pennies or vaccines?

TP is below RM5.67 and is still very far away bro.
I remembered you were saying that if I counted it that way. I will never buy anything.

But if MBB doesnt drop to RM5.67, there are other better offered banks to buy.

At the rate KLSE is going, it's gonna fall to 1400 points by tomorrow.... which is not a good sign.

TPs purely based on PE with eps from 2019.

Maybank 73.4*8 = RM5.87
PBB 141.97*10 = RM14.2
HLB 130.23*10 = RM13.02
CIMB 46.98*8 = RM 3.76
BIMB 44.75*8 = RM 3.58
RHB 61.92*8 = Rm 4.95

P/B should also be taken into account. For banks, a lot of people like to use P/B to measure (because banks rely heavily on assets to make money), also lower P/B means if got cash flow problem, the bank has more to liquidate. Banks with lower P/B and higher RoA should be preferred.

Today not a good day for the heavyweight...

Banking all slow and steady descend little by little spiral down.
See HL....announce 20cents dividend.....very strong.

The rest bank refuse to announce dividend mean IT IS NOT the Right time to buy ahead of emd of Moratorium

tomorrow freeze limit up.
Still Dare to buy at 1.05?

i got today 1.05
1.5 million units

Maybank and PBB bleeding very bad today man..... again last minute show, from green to red.....

dont play play bro.. he make 13k play penny stock wor

Oopps... Wtf bro
Wat did u buy?