Banks are companies of the country economy structure, while rubber glove is just one of the industry sector that is riding the pandemic wave. Rubber glove has already priced in the premium factor the madness will kill a lot of people chasing the speculation. It will be a joke in this country if rubber glove company is worth more then the banking industries.

Just as expected, once the big players have off loaded in big volumes, the market will go back up with small volume investors. When EPF and others institutional investors come back in, the recovery will be sharp and furious. Downside now is limited, while upside is unlimited, it can be trigger with just a good news from CIMB.

Selling are mostly from the foreign institutional investors with some small panicky retail speculators, once the selling dried up, it is easy for the malaysia sovereign funds to come in and push the price back up the mid 3RM level.

The fear of payment default and NPL has been over rated and stock markets has been over reacting, should see recovery on earnings in the next quarter, this is indeed a good sign and should be seen as a positive note for the market tomorrow.

Insane dumping in the afternoon session today, all the gains yesterday have been given back. See whether closing will claw back some or not.

https://www.scmp.com/news/china/society/article/3100570/chinese-drug-firm-says-hundreds-thousands-have-been-given-covid?utm_content=article&utm_medium=Social&utm_source=Facebook&fbclid=IwAR15K-fV4nnI5UUn_UQOwmoVCit103pohOYz752a2apYhXMvl0XmO-s6h14#Echobox=1599891851

Hundreds of thousands have been given Covid-19 vaccines without a single infection, Chinese drug firm says

Days of vaccines will be here soon, recovery of economy will be at play with financials taking the lead.

US markets rally on vaccine news, recovery play will be back, I believe the banking counters will be back in play.

market good or bad, there will be speculative play, but what I am advocating here is mid to long term of 6 to 12 months investment which I'm sure is going to appreciate in value.

Risk has been factor into the price, the key thing to take note is the continue recovery of the economy, when economy recover during early stages, new businesses need borrowing funds from banks to kick start their business and exiting business will also needs bank facilities to expand businesses scale down by the pandemic. Jobs will come back. So the play now should be economic recovery.

vaccine for covid-19 announcement in the very near future will push up all the banking counters and indices. Watch for it. TP is 4.50 in medium term.

l have not touch this counter for 4 years, I am back accumulating for long term investment. Limited down side but with huge upside potential.

the volume is getting thinner, hopefully MBSB has some positive news to spur up the volume, otherwise apart from the big boys holding most of the shares, the float in the market is simply too small to move.

skyz, are you stalking me? haha, I am not a full time trader, I only spot and time to move in and I do look at other counter, but am extremely selective to buy only worthy shares, speculative ones is not for me.

still at Q to collect @82.5

Yesterday MBSB closed at the lowest of the day, I see people are selling at the very moment the shares up a little bit......I am sensing that the retail investor are giving up.....about time the big fish is going to come in.

vested 82.5sen......seem like selling have slowed.....hope it will pick up later today or tomorrow.

look closely at the selling and buying volume of every individual trade, the seller are always the big lots and buying are mostly smaller, this signify that the selling are not over yet.

I will still say this counter at this price is a steal, but time is needed, so for investor who are use to putting their money in fixed deposit, I think this one over time will reap more profits then just putting it in the bank.

The dumping is going to be lasting for a while before this counter can pickup.

looks like it is going to open at 68.5sen a gap down from 71.5sen.....how low will it go?

more getting excess lot meaning more selling for quick profits.....there will be some that will sell first and buy back at lower price hence putting intensity into the selling....how low will it go?

tomorrow there might be a scramble to sell MBSB, not every OR subscriber will be able to reap in the profit....however it is a good time to sit on the fence to look out for cheap scoop.

The 1MDB saga is haunting CIMB, with the recent oil prices falling adds on to the misery....but light at the end of the tunnel is blinking....just going in the morning and out in the afternoon made me lunch for this month....not bad....aim to buy again at weakness.

Once the rights floats in the main market, I think it will trend downwards to +5% to +10% of the rights issue price due to the profit taking by those bought at $0.59, and I do not think there will be a V shape recovery thereafter due to poor market sentiments, will have to stay long for this one...but it is a good price to enter for long though.

Well, guess I am too early to cash in....good luck guys

Yeah I know Murali, but profit are always good to hold, I will play my small part of the supporting role during this counter weakness...:-) I will be back

took profit for 300 lots of mother shares....will continue to buy on weakness

The show is on

whether it is buying OR or mother shares of MBSB, I think both have his own reasoning, it is good to see debate and reasoning as this are information that helps each individuals to decide whether to buy and what to buy. Each and every investors have their investing principals and target and we therefore have different views, but one thing that we are united as one is making profit in trade. Make more money and cheers.

KLCI is seriously lacking compared to the other major index.

Hope today will be a good day.

Even if you had bought the rights for 59c, there's the uncertainty that the price may not be what you are able to sell when mass selling comes in with those extra shares float in the market. Holding the mother shares in this case gives you the flexibility to sell as and when the price is moving up (or down, to cut lost). However we all know that MBSB at the current valuation is definitely a good stock to buy provided if you are able to stay long. my 2 cents...

Looks like have to long this counter...will tied up some capital....

The volume traded so high, but price rarely move, not even 1/2 sen.....feeling like all the big guns are just waiting...

Hopefully you are right Murali, I was expecting the mother share to go up today so as to force the OR price up and make those bought pay another 59sen as a force take up kinda thing, but looks like it is not going to happen or do we have to wait for the last min surge? we'll have to see. But hopefully the mother share will go up tomorrow to cushion the extra shares in the market later next month.

I am bullish on CIMB in the medium, long term, I will continue to buy on weakness, you will not go wrong with a company that is still profitable despite brexit or whatever event that might happen. Like I said before, CIMB is a defensive stock, the price going up and down are just market play...but fair valuation will remain around RM5.00++

Open a I-Trade account with minimum 10K cash deposit, and you get 0.038% or $8.80 per trade which ever is higher. I am using this account. You can make money with 4-5sen up every time, set aside 1 million for trading, but at every one time, trade with only up to 500K, the balance 500K, use for averaging down when you hit a temporary bear market...but still must be very careful...you will be able to make about 10K per month if you have good trading sense.

EPF holds 17.5% CIMB shares in Dec 2015 vs now 16.5%....I think there's room for EPF to expand CIMB portfolio....even recently I can see MS buying aggressively...the Brexit thing is making people turn cautious, but like I say, this will be a non event due to our far proximity from the Euro zone and in fact trade might out flow to Asean if indeed they vote for the exit, but nevertheless, I think that is not going to happen....todate there's only 30% chance where 70% will vote for staying status quo...so therefore, any opportunity when the market goes down, one should pick up some CIMB shares and wait for the rebound. Fair value for this counter should be 5.18 as mentioned by PB analysis.

So far I have not seen any CIMB announcement that make the shares spike up....if they announce shares buy back at say 4.4....everyone will start a panic buy mode.....u see...it is very easy for them to prop up the shares....just be steady....but if no holding power, please stay away.

This is a money making company, it is a matter of how much earning CIMB make for investors, there is a valuation for the company which is determine by each investor, the small one speculate and the big boys invest....there will be a point where the numbers will reverse and goes up, those weak ones who sold at a lost will then KPKB....this will repeat like a cycle...

External factor affect the market, but when buying a shares, one must focus on the earnings and its potential. CIMB at its current valuation, it worth a buy....I call for short term rebound to 4.55.

It is definitely a good buy, brexit will not happen, there are a lot of signs that said that will not happen, but even with a little tiny wee bit of uncertainty, market do not like it, and fear being fear, people like us that is not within the Euro have no big connection to brexit, some smart alex talk like brexit is going to kill everyone...haha...how naïve.

Market are cautions of Brexit fear.....most likely a non event.....23rd will be the key date to look out for.

hng33, you are good always strike at the right time, I am already in again at 436, but looking to buy more at the current level, fund transferring by CIMB click traders too slow for me to enter today....

When is the CD and XD date? Anyone?

The volume traded in the last 5 days of decline is all on very small volume....think why last week MS and EPF is loading up so much?

whether 2 cts is a pittance or a lot is relative to the number of shares that you hold, As BN_menang have said, this is additional.

The dividend is targeting at big institutional investors like MS and EPF etc...they will get the additional shares and hence will be holding on for their shares despite the current volatile market. In fact it is the small retail investors that have weak holding power that is selling...once the price drop to "stupidity" level, you will see them buying up fierce and fast....so those that have caught will curse and swear again....hold.

CIMB giving special dividend shares of equivalent to 15sen to shares holders....entitlement date to be announce, so it is good news for those holding their shares as of today. Price should be up tomorrow in accordance to this announcement.

Recently we have seen huge acquisition of CIMB shares by Morgan Stanley (surprise) and EPF, plus the shares that were hold on by others institutional investors, the daily trading volume has been dropping due to the fact that this big boys are holding the shares and only some small retail investors playing the market. By this measures, I can say that CIMB shares is now a safe and defensive counter.