Crazy ppl buying into banks. Go ask your local bank branch if anyone is asking for moratorium extension.

  that guy talk as if like Malaysian Ringgit is a reserve currency.

no cheong for TG this morning ah?

Harta is really dropping like mad

CIMB how? can enter now or wait till reaching 3?

Wait
Heard another 25 opt cut on 10 September

Foreign investment outflow probably cos they are all going in to DJI tech stocks.  Probably have to wait for that bubble to burst first before the foreign money comes back in.

hahahaha okay nice nice.. at least we on the same boat.. Maybank also down T.T.. average down which side.. maybank or cimb bank? cimb bank the ETA is pretty good thinking to pump in more into it as well. but moratorium ending need to prepare RM30k for my installments next month also. hahaha

usually whatever everyone predicts.. the opposite will happen. HAHAHAHA

PS: anyway enough for this years stock market.. nabeh.. from my 100k initial investment now i'm looking at 79k... hopefully it goes back to normal.

stashaway for the remaining months of the year.

I am holding harta at insane high, comfort and carepls, all red, gg

LOL, pay your home loan 1st...
Can la, chill, lke he said, bank performance = economy performance; banks are highly cyclical.

Buying at trough will not go wrong.
Sample case study (Maybank in AFC 1997):
Maybank dropped from a high of RM8.00 in February 1997 to a low of RM1.50 in August 1998- a drop of RM6.50 or 81%
Then, went back to RM9.65 in January 2000- a gain of RM8.15 or 543%!

If you sui sui bought at RM8 in Feb 1997, after 3 years you still gain compounded 6.5% per year (dividend exclusive)

Just buy stocks that can comeback, dont buy stocks that will/might die.
And buy the most hardly hit ones for maximum gains

QUOTE
Analysts lower FBM KLCI year-end target

MIDF Research has cut its FBM KLCI outlook to 1,400 due to the recent quarterly earnings season where financial results were below market expectations.

PETALING JAYA: Brokers have cut their year-end FBM KLCI target to reflect the weak corporate earnings from April to June, despite their belief that earnings would be stronger in the second half of the year, with the government’s stimulus measures and a recovery in demand.

MIDF Research has cut its FBM KLCI outlook to 1,400 due to the recent quarterly earnings season where financial results were below market expectations.


This is a contributing factor to the downfall today? 

harta 17.45
comfort 4.72
carepls  5.13

Gloves downgraded to neutral because ASP will begin to taper off in [the first quarter of] 2021

Duopharma Biotech Bhd and Pharmaniaga Bhd also downgraded because prices of these pharmaceutical companies had run ahead of fundamentals.

Investors are likely to rotate in the later part of the year to cyclical sectors, which will benefit from the recovering economy post-COVID-19.

Look like glove frenzy is over.

Harta keep on falling.

Bought 3 lots TG at 26.08 yesterday.

Now like slowly going down.

Should I sell?

This split confusing my decision a little

More like "stock market frenzy" is over. All sectors are looking quite dim.

Currently queue at 8.3, if didn't make it then yes tomorrow it is.

that old bird koon saw it coming in his previous blog mentioned that after BI share prices will drop.