Currently do not hold any but plan to hold 22.5% of it in my portfolio. I'm currently holding CIMB. Most likely holding a total of 45% finance stocks (Maybank & CIMB) in the ratio of 9:7.

I'll enter next month in batches. If banking stocks announce a fall in profitability before Maybank's QR is out, most likely Maybank will also suffer fall in profitability. I'll wait 20 days for the earnings drift to end before entering. If a few banks report good results, I'll enter immediately before the QR is released.

Right now I'm at 65% cash 35% equities.

US already announced a potential rate cut this month although it will be very small. Malaysia will likely follow if that happens.

It's about to hit RM8.80 liao!!

Lai lai support at RM8.80

Touched 8.80 intraday. Close@ 8.82... Maybe by nxt week see it touch 8.75 (52 weeks low) again.. 😮

This post has been edited by Cubalagi: Jul 23 2019, 05:28 PM

Damn, I didn't call my remisier to help me queue at 8.80! The support at 8.82 and 8.83 was quite strong in the morning. Stayed at KPJ for the whole day for follow up with doctor after lunch, so missed the 8.80 intraday

Hope tomorrow got chance to buy in some at 8.80, this time I will queue from morning, no more waiting

Anyone of you got it at 8.80 today?

something is cooking..
related to lower rate cut by US Fed

Later see see 850

Wah still use remisier.. Haha..

I say I waiting at RM8.80 but actually queuing at RM8.50



Better wait for Department of Statistics Malaysia's inflation rate for June 2019 first. It should be out by end of this month. If it's deflation then most likely BNM will follow US and cut rates. This will cause banking stocks to drop further.

This post has been edited by Yggdrasil: Jul 23 2019, 08:31 PM

Bought them below 8.95. as 70% of investment portfolio is due to my portfolio being very small (<20k), just started not long ago

Market expectation for a higher rate cut in US, but if lower then it will be less exciting for the market.
A lower rate cut is also a sign that the economy is growing well, so lesser risk of a recession.

That is a bit far fetched la. There must be a supporting argument to prove the weakness of the share. At the moment there is no clear signs of such a huge weakness in it's price. 8.80-ish is the support level for now in my humble opinion. If BNM cut rate by Q3, then we might see the price going down to about 8.65-ish, but it won't stay there for long as low interest rate will spur lending. The loss in margin can easily be offset by increase lending activity as Maybank is still one of the top choice for Malaysians when it comes to borrowing.

Yes, been with the same remisier since I started trading 20 years ago. And because I am always out of office for meetings and outstation, I cannot keep tracking. So a Whatsapp message comes in handy, when the deal is done he will revert back to me.

Even if BNM cut rates also, it will not cause such a big selldown of the price. At most it might touch 8.65, chance of it hitting 8.50 is quite remote unless trade war risk worsens to a full-scale war which will in turn affect global market.

If you have additional bullets to top up if the price continues to weaken, then you may proceed to average down. If you have less cash, then better wait and see for a bigger drop before buying.

Edit: B/Q at 8.80 is strong at 11k lots, big buying support at 8.80. This looks like a good sign that it is bottoming out for now.



This post has been edited by Jordy: Jul 24 2019, 11:36 AM

There you go. CPI released as per your request

And as we can see, the growth figure looks good, inflation is kept under control with no immediate worry of a recession or pressure to cut interest rate anytime soon.



Source: https://www.thestar.com.my/business/busines...rated-year-ago/

This post has been edited by Jordy: Jul 24 2019, 01:08 PM

Ok. Who's going all in?

Guess i shouldn't be too greedy for now. Better to diversify into other reits at this opr cutting season

Not going all in yet. Queued 3k units at 8.80 since 10am. Hopefully my queue would be matched in the afternoon session

Buying support at 8.80 is too strong, guess it would be quite difficult for my order to get matched. Sellers are not letting go lol.

Tapi Malaysia Boleh still cut according to us fed right?

Huh? Where got OPR cutting season wor? Choiiii. There is no pressure for BNM to cut interest rate, why you want them to cut some more?

US fed is expected to cut rates not because they need to, because of some stupid big mouth keep asserting pressure only. Inflation figure is good in US, there is low risk of recession. Fed was reluctant to cut rates until just recently due to that stupid fella.

Malaysia doesn't have to follow US, we have our own sovereignty lol. Why care about that stupid big mouth?

This post has been edited by Jordy: Jul 24 2019, 01:24 PM

Inflation is higher than past months (it was negative early in the year), but fact is YTD is still relatively low. As mentioned in the article, RAM has revised this year target to 1% inflation. A country like Malaysia's healthy level of inflation is 2-3%.

What this means is that, when u combine soft inflation with other central banks also cutting, there is a higher chance of another rate cut by Bnm in Sept or Nov.

This will compress bank margins further if it happens, which I think why bank stocks are still dropping today.

Personally, I prefer Bnm to cut rates, but I won't bet on it.

Year end or early next year may be if economy data keep on coming in soft.

The last round of cut effect may not surfacing yet, if so fast have another round of cut, may be seen as use up "ammunition" too early.

Currently OPR is 3%, the room of cut is not a lot, you don't want to use up too early as well.

So anyone bought Maybank? I am buying other shares instead. CIMB is actually quite tempting to buy compared to this.

Based on my calculation, CIMB should give at least 8% return p.a. (total of capital gains and dividend) for the next 5 years.