Nasir selling...3 million shares @4.49....need money meh?

Quarterly profit for CIMB rose 27%, good news for those holding to it shares, earnings per share increase to 9.74sen......tomorrow will see the stock price surge....

Oil cross the phycology mark of $50, analyst think this is a short term mark, but overall it signify a upward trend for the oil industries which is a good catalyst for CIMB stock.

today the volume is barely half of the usual traded, hopefully in the afternoon, it will reach 14 million share with mostly buy up mode, regional markets are all trending up with KLCI lagging behind and playing catch up. Crossing fingers.

Oil after a brief downward spiral, it is trending up again and breaching $50, this is good for the economy and banking stocks. Re-enter into CIMB @4.33....hoping for the upward spike in the afternoon rally.

CIMB is 2nd in terms of asset, and 3rd in terms of market cap.

Always form your own opinion, do not be effected by others, MSCI announce it loud when they reduce the weighting, do you think they will tell you that you are selling too cheaply to them when they pick up the dirt cheap price people are throwing?

This is 2nd largest M'sia bank, EPF have the fiduciary duty to upheld its equities price, while some may not agree, this is to avoid being taken over by another foreign company or bank. In the business world, it is brutal and they will always try to eat you up. EPF is just protecting M'sia asset. Good job EPF.

Many here caution about the MSCI weighting without knowing exactly how this weighting affect a stock is absolutely rubbish. MSCI index provide only a guidance to the emerging market stocks which including large, mid and small size cap, they did not specify exactly why they reduce the weighting on CIMB and Maybank, therefore it can only be interpreted that Morgan Stanley would like to reduce their holdings for this 2 counters due to various reasons, the reason may not be CIMB or Maybank but rather their own investment strategy reasons. CIMB is traded below market PE, that is a fact that doesn't change regardless MSCI weighting, CIMB since last year has been pursuing cost reduction and had yielded results, it could only be better. So for those calling for sell, it is obliviously their own selfish call to talk down the counter so that they can buy from you.

I hope nobody short this counter this morning hoping to buy back....if you did that, you know who I am talking about

my prediction is close at 4.39 today.

a huge selling block at 4.35, that is a block setup to collect at 4.34, there are marriage deal from 4.36 to 4.39.....CIMB indeed generate a lot of interest, all are market play.....I am sure this counter will come back in the very near term....

the contra buyers whom have weak holding power from last fri and mon are now being flushed out of the market, by afternoon we should be CIMB back in positive...I think this is the bottom if there is no more negative market news.

In macro view, the world economy is looking good for growth, with oil prices low and America economy picking up steam. The market is playing down all this data because of fear that The Federal Reserve is going to up the interest rate, it is only a matter of time that the market have to go up and when it comes, it will be fast and furious. Counter like CIMB will climb faster for the selling was over done and it generally generate more interest then the other banking counter. Just look at the daily volume and you know. It can be the evil stock when the market was down, it will be the darling when it reversed.

when the market is bad, less people will gamble in speculative stocks while more will flock to safe counter like CIMB. Valuation is what you will get as some self prophecy here may tell you, I do not see why CIMB is not a good counter given the last dividend pay out and a higher earning report coming soon. At the current valuation, it is oversold, only the shorts will tell you otherwise, pick up some if you can, I am seeing it returning to 5.50 soon.

today is the earnings result announcement.

took profit too early and cannot find the lower point to re-enter.....for those still holding on....good luck...will look for opportunity to load up again

Read some reports purchase on Reuters, the bank is pretty much oversold and analyst call for buy, in short term, the counter will rebound strongly once negative perception and sentiment tone down.

The selling at $4.07 seem to last forever....

oil is creeping up slowing, market seem quiet about this, they tend to talk down when oil is falling but ignore when it is slowing moving up. The market trend is slowly changing to a neutral market from a bear one.

http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=CIMB:KLS

Stock review is generally good at the current price.

The selling down towards the end is really a disappointment, where does all this selling coming from?

Can see a lot of profit taking right now

as stock market volatile calming, dividend play for CIMB will set in, by end Feb, we could see a possible climb up to nearing RM5.

Short term recovery to RM5, medium to long for RM6. Those shouting to sell or not buying are not market movers and hence not needed, what we need are institutional funds to buy in.

For those which made a mockery on CIMB share price really should take a good look at yourself, if you cannot be rational playing the stock market, you should really get out.

CIMB is now at 5yr low, how low can it go? The upside is huge, the sell down is grossly overdone, it is easy to see on the chart, this is not any rocket science.

The loans given are mostly in our own country, this loans are relatively safe compared to if the loans are given to say Russia and the other parts of the world. Malaysia is a oil producing country where oil are relatively easy and cheap to tap. The oil industry are down but not completely out at least in Malaysia sense further more, we do not really rely on oil export income. Oil will not stay in this range forever, however those which cannot hold for medium or long term will be flushed out, which will help the market in the short term.

I was caught at 4.19, tomorrow will average down as see no reason except external factor. Was reading the news release and during 13th and 14th Jan, most big institutional investors had acquire shares instead of dumping...so very strange to see it down so much today....strongly believe it is going to rebound, however for me, I am in for long...so targeting only when above $5...any advice from brother here?

Ben Berneke also coming out to said that the China economy wasn't so bad as analyst has painted, saying that market have over reacted. The 2016 sold down was obliviously over done, with oil at 12 year low, it world economy will continue to grow at a measure pace. Tomorrow will be a good day to pick up bitten down counter, I expect CIMB to "GAP" up tomorrow.

Expected earnings per share is about 0.35 to 5.0 cents...at $5.00 per share, the returns you get is a good 8%....if you have buy in at $4.00, your return is a good 10%-12%...that's my rational seeing that the stock price will go up to $5 within the next 1 month.

I believe the stock price was manipulated for dividend play, results for 2015 4Q are announcing on Feb and so are the dividend. Looking promising to go up to $5 - $5.50 by mid Feb. For those $2.50 day dreamers, please continue to wait.

The following factor will determine how far CIMB will go for the next 3 weeks :-
1) Oil price stabilized and move up to $40
2) 22.2.16 when CIMB report last qtr earnings...I would expect it to match 3Q or slightly up
3) Foreign shares holder stop selling, if they start buying will be a bonus.
4) CIMB reorganise their business and further trim their operating cost and improve productivity.

Being the 2nd biggest bank in M'sia, I believe CIMB should be worth $6 to $7, at the current price, there are a lot of room for appreciation.

it is the retail or small punters whom are weak that are pushing the price down, unless MUFJ continue to sell, you will not see 3.50, what I am saying is, the price move only if the big institutional investors buy or sell...as I believe most of CIMB stocks are now in the big investors hand.

There's no facts, only interpretation. CIMB is down on rumours and bad market, once the market stabilized, most counters including CIMB will climb...weak players will be flush out....ultimately only the strong and big institutional investors will benefit.

I think it is a good thing that the foreign holding are reducing its share percentage, the local funds like EPF and Khazanah taking over should be view as a positive sign that less foreign participation means a more stable CIMB and money retain in Malaysia (less dividend payout for foreign holdings), the side effect of this is temporary and I am sure the price will resume back above $5 in the medium term.