It does seems that they could be on a sort of protest or strike (if you may call it) after the recent report of pilot error. Certainly this tingy doesn't bode well to the company. But it is not as serious as those in Europe or US. Still the financial of AA is more worrying. So far only respite for AA is the low fuel price that helps to cushion the impact..

Nowadays, whenever before I invest in any counter I would run a check on the directors and shareholders back ground. Most important question in my mind is are they serious in their business? Or are they "hit and run" type? They have certain traits. Those in market long enough would know.

Are they on strike or sick as reported? Interesting.

Anybody remember Ekowood? Satang? Datuk Keramat? and many many more same play. I notice that there are a few more in the making. Please read all announcement or news cautiously. Minority is in a disadvantage position. Can you say anything outside of EGM or AGM? Sometimes it makes you wonder what is the job of having Independent Non executive directors in a company.

We should have a more stringent disclosure rule like Australia. Directors should be held responsible for any for of manipulation. Of course in MY everything is difficult to proof - dilepaskan kerana tiada bukti kukuh or pihak pendakwa gagal membuktikan prima facie. Familiar?

It is up to us to use our wisdom to evaluate and make wise investment decisions. Afterall, it is our own fault we doesn't do well. There are always 2 choice - to buy or not to buy. I feel sad whenever I came across this type of cases.

Good news piece.

TCSS...

Frankly not easy to make money from this counter...when you are confident it will rise further, they start to take profit and trap you in. We you are upset and cut loss, they push it up..Trade with caution. hope you all make some money....I released all at 1.26. Never looked back. Only to share my experience having fun with BAHVEST.

Hmmm...That is sure a bad news for all banks with presence in Indonesia. Enough of debt write off.

..............................PP

I have found out the name of the private investors. There are 3 parties. I am surprised by their presence to invest in a relatively small company. All 3 are big corporate investors and long term players.

Hint: you may find out from Bursa/ from your remisier

sementara menungggu buah "masak" taburlah baja di pokok yang lain

@zamsaham...semua bank kena belasah..kena tunggu sedikit.

@apanama...interesting. That means there could be competition..but from same country?? My source in CeeCeeBee is claiming interest in MY as venture country. Mentioned several times recently..due diligence study. Interest in major infra projects...HSR?? too early to tell.
You didn't divulge any information why worry kena nab? hahaha..good ..perangi rasuah!

some comes with flavours and sure it is "sweet"...kikiki..keep lo and accumulate again on weakness.

Opps...this time round I prefer the price increase...kikiki

Really...another round of bonus...been accumulating and keeping for 7 years now. Just love this counter. Steady growth in earning and solid management.

No worries I bought again today at 8.35

Apanama... Your posting on Pak Man bank kahwin with China bank.. Itu angin sangat kuat sekalang after Enak kasi jual. CCB or ICBC which one is the vulture.

Worth buying and keep...

If you have faith that the Selangor water tariff will be revised, you may consider KPS or else invest elsewhere. KPS still has a major hurdle to overcome. Till then, buy on weakness...

If you have faith that the Selangor water tariff will be revised, you may consider KPS or else invest elsewhere. KPS still has a major hurdle to overcome. Till then, buy on weakness...

Something very very interesting...PRIMA confirmed plan for 25,000 units of house for 2016. 40% landed and 60% high rise. Ajiya IBS is mainly for landed. Since they are the only one, highly likely they may get to supply their IBS to bulk of the project. Assuming Ajiya secured the contract to supply to only 50% of the 40% approved landed house, this will translate to approval for 5000 units.

Conservatively, assuming IBS Net Margin for each house is RM5,000 per unit. Ajiya, will get approximately a whooping RM25million profits only from supplying IBS alone. In other words, Ajiya profit will likely double up in 2016. The rest, NTA, EPS...do your own maths.

Time to revisit Ajiya!. Bounce into their booth at PRIMA Expotoday @PWTC. What a pleasant surprise. Ajiya is the only one building material supplier here and its IBS seems to be the talk of everyone I spoke to at this PRIMA expo. Is Ajiya IBS the choosen one for PRIMA??

As we approach 2016, 10 year economic cycle is coming.... What could be the trigger this time??

I don't think CIMB is going to call for right issue. They have fulfilled Basel III requirement. So unstable compare to RHB, MB or Pak Man's bank due to its close relationship to Jib?. It is jittery when it reports profit is down 10%. It is cyclical nature of business. It's just my 2 cents. Not any sort of recommendation. Anyway, got in again yesterday @4.49.

I have been keeping CIMB since 2008 and are still accumulating whenever there is an opportunity and when the value is right. We should not be overly concerned with certain period of revenue up and down. As long the bank is managed well, no worries.

As for the foreign funds, they are selling based on the negative reports on the country's fundamentals as well as the negative outlook for financials counter. Reversal will only happen with the outlook reverse (of course it will be based on analyst report again). Do some rea up from Nikkei Review and from some other foreign review on how foreigner view our country.

Besides CIMB, I am accumulating Maybank and waiting for PBB to reach my target price.

Well, whenever the price drop fear does sink-in. Buy into this type of counter with different mindset as compare to goreng counter.

I also buys some goreng counter for the excitement but beware it is coming to the tail end of second phase...curtain for some has be released. Cheers and enjoy the excitement of investing.

CIMB worth keeping.

Results is good.. Margin increases... Benefactor of weak ringgit??

Thanks for sharing KYY.

Take time to heal from analyst pessimistic view of the financial sector. CIMB in certain aspect is leader of the pack. Good for keeping.

Any fan?

Kwsp funds are managed by fund managers... Most analyst is giving unfavourable analysis on Financil services counter. They are giving banks a miss. One reason is the heavier burden of bank shareholders to fulfill Basel III requirements. Hence you can see the sellibg but some funds manager.

Thumbs up

Hi Calvin, thanks for your suggestions. My portfolio are very diversified and very long term. I have PBB, QL, Press Metal, TNB, Maybank and CIMB which I kept since 2009.

Of course occasionally I added some stocks to that list IHH, Karex, Nhfatt and last year I added Ajiya.

For some fun and quick gains, I do participate in some counters to keep my adrenaline pumping... Haha.

Regarding your earlier comments for a friendly challenge between CIMB and KPSCB it does sounds interesting. For the fun of it why not. I will revisit KPSCB after 6 months. KPSCB may go up due to rotational play but it won't change my mind that KPSCB is not a long term counter.

Btw do you still hold Ajiya?

Astino revenue is mainly from metal roofing. A cut throat area in building material supplies with gross margin of 4%-6% at best. Drop in RM also has an impact on raw mat...which are mainly imported. Averagely the raw mat cost has increased by 12-15%. One may argue that the raw mat can be sourced locally from local steel players but their cost also shoot up due to weak RM.

Ajiya fares better as they are more diversified with more products. Ajiya has more good news to come. I can see that their quarterly result will only gets better when the new business segment contribution increases over time.

Astino share may rise over some rotational play but certainly not sustainable as it lacks fundamental compare to it's peer.

Interesting..especially on Pak Man Bank. Affin is indeed attractive to own. CIMB and Maybank may be out of bullet to do further acquisition in near term.

Hi Calvin, certainly your sifu make good money with long term investment but that is not my point.

I certainly don't make sweeping statement accusing you or anybody as syndicate. We are here to discuss and share my 2 cents worth of ideas/info.

My point is that if the stocks is highly recommended fundamentally, there must be a catalyst for growth or else the price hike would remain sluggish. The question is, is there one such item?

Back to Ajiya, the company would take long long time to grow without a new growth segment hence the slow moment of price. I have learned that the recent price hike could be due to one new products that could propel them to greater future growth.

It is just my 2 cents worth of opinion. Noting personal. Cheers

Interesting point. However, I beg to differ. I personally think that Alliance Bank and Bank Rakyat could be the target of the big 4 (Maybank, PBB, CIMB, & RHB). BR is not in good shape..may need a lifeline soon.

Posted by apanama > Nov 12, 2015 06:37 AM | Report Abuse

Let me reveal something how I see the BANKING INDUSTRY in Malaysia will position itself for next few years

1. Maybank will merge with CIMB
2. Hong Leong n Public Bank
3. MBSB n RHB

While the best position is AFFIN. He can choose to be with Maybank CIMB or MBSB N RHB..

Just wait n see...:)

Agree 100%

Any analysis need be fair and reflective of actual fundamental. Frankly, I don't see how this counter can grow to RM1 just based on the general comments/ analysis. My personal rating of the
A)management 5.5 of 10
B) catalyst for growth 2/10.
C) profit growth 2/10

This counter is in business with tight margins and highly competitive. If and unless they venture into a new product line to catapult they growth prospect..financial results will remain sluggish.

Calvin may claim glory by guessing on Ajiya and some other counters. I have ran around checking and discover the catalyst for Ajiya future growth. That actually would explain the real reason for its share spike. Wait for their news soon. It is not related to the glass business in Iskandar. In fact most if the glass supply in Iskandar went to a unlisted company ( also Johor based). That also explains the shrinking contribution from glass operation.

Pickup again few lots today. Go down some more,, buy again nothing to loose. Even if US does increase interest rates, I doubt there will be significant impact. Government debt is more worrying factor.

August sentiment in the making again....?? Foreigners selling all bank counters and going back to US. Dejavu.

Wah now up again...

moving sideways....up 10 cents down 10 cents.....tak bole cari makan lah...dunno how long have to wait....may be till next result.

I doubt so. Duty and taxed for alcoholic beverages in Malaysia is already the second highest in the world.. second only to Norway. Any further increase will have negative effect on government revenue. Some sin tax is necessary now that Government revenue is limited

The selling seems to be by foreigh investors. After 3 weeks of buying now two weeks of selling... Hmmm. Thanks for the thoughtd

CIMB Niaga Indonesia bad debt is dragging it down. Bought some at 4.58. Looks attractive enough. I doubt Valuecap will pump in to boost this counter. Anyway, I like this bank as it is well managed. The current situation could be short term. At least some serious action is taken before it gets worst.

Let's not be tempted by the upwards move....Teh Tiong Boon is right.. If you make some or breakeven, or loss a bit.. Sell... do find some other counter. All the best. Managepay could be a better bet (but on weakness).

I like that...no up=no vote.

Anyone know when is the result expected?

That theory is a possibility. Ajiya now bleeding. As suspected, shares will be down whenever there is news on private placement. As always, the parties concern pushed up the share to organise the private placement and then slowly off loading their position to unsuspecting "chaser(s)".Write a comment..