Haha....price higher than Supermax ?

Coming next.....TG.

https://www.theedgemarkets.com/article/anz-writes-down-ambank-stake-after-1mdb-scandal-settlement

ANZ has written down it's 24% stake to A850M....which is equal to RM3.62 per AMMB share.

Wonder why they are writting down if they will still be shareholders ???

@sharewiz118....ok la...but not as good as you because my average is about 3.80...hgher than yours.....haha

I bought...

...from 3.18 to 3.05

...then 4.41 to 3.90

...then 4.04 to 4.39


...every correction I added....buying cautiously to keep for 2-3 years.

Posted by sharewiz118 > Feb 28, 2021 6:07 PM | Report Abuse

We keep for long terms hence next week surge or next year surge it's still a profitable stock

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Yes, agree....it should be that way.....that's why I am not so bothered about ATK comments on the near term movement.

@newbie2019...I think it's very difficult to time the market...as a value investor, I buy value and keep long term.

For info., I sold off all my stocks in 2014 after the 2013 election....that time the market was above 1800....I saw no upside potential...and stocks were expensive...

...I parked all in fixed income and only started to buy stocks again from April 2020.

I think there's operator....but what I see and analyse is different.

Important to continuing monitor and analyse what ATK says from time to time....haha.

Wow...another one.

https://www.thestar.com.my/aseanplus/aseanplus-news/2021/02/28/china039s-first-1-dose-covid-19-vaccine-rolls-out-500m-people-can-be-inoculated-a-year

BEIJING, Feb 28 (Global Times): China's first Ad5-nCoV Covid-19 vaccine was rolled out on Friday (Feb 26). One of the developers of the single-dose vaccine said that the annual production capacity can reach 500 million doses, which means 500 million people can be vaccinated in a year.

https://www.theedgemarkets.com/article/pm-muhyiddin-opposition-mps-larry-sng-wei-shien-steven-choong-shiau-yoon-hand-over-sds


Less posibility of snap election ?

The new management team is very confident that.....2021 will be a pivotal year for the bank.

I have been following the comments and guidance provided by this team since they took over....this is the first time that they sounded so confident and positive.

@Riaz1954.....totally agree....especially with new management team, it's totally a new ball game......

https://www.theedgemarkets.com/article/cimb-targets-45-loan-growth-2021

“However, we are confident that the second half of the year will be a lot stronger. With that, we expect the financial industry performance to rebound, particularly as provisions come down,” said Rahman, adding that 2021 will be a pivotal year for the bank.

“We have also begun reshaping our portfolios to ensure we are well-positioned to accelerate growth in key segments,” he said.

@sharefisher...you missed out on....those who bought last year, holding on to big paper profit and still accumulating at 4.60+ .....haha.

@stockraider....I meant the bank wants to continue doing business and is at their mercy....not referring to you ya...haha.

He the staff of...MBSB...Top Glove...Tenaga...Caely...Penmaster...RHB....and so many more.....report for work just to talk 3 talk 4....haha...LOL

@stockraider.....want to cari makan....at their mercy...what to do??

Wow...have just checked profile/comments.....I am responding to people who goes to many forums just to talk 3 talk 4....haha...LOL

Come back on Monday to see who is correct.

I own some (CIMB much more) and will be happy to add this one if it drops much....

...it is opportunity like this that make the rich people gets richer....Cheers !

EPF owns 40% of RHB...16% of CIMB...14% of MBB.....

...this stock only 10%....limit down?....EPF will be so happy to increase....

Posted by Moustache > Feb 27, 2021 11:42 PM | Report Abuse

Agreed, wonder who will sell to limit down.

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Got ! the people who don't own this stock but holding gloves shaares.....haha...LOL

Settlement of 2.83B is just 1.67% of total assets of 169B....why limit down....LOL

https://www.malaymail.com/news/malaysia/2021/02/26/mof-ambank-to-pay-rm2.83b-to-malaysia-as-1mdb-settlement-will-save-time-ins/1953183

According to the AmBank Group’s website, AMMB Holdings is the public-listed holding company of AmBank Group, while the group is stated to be the country’s sixth-largest banking group by assets, with around RM9 billion of market capitalisation and RM169.2 billion worth of assets as of March 31, 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3134275

Based on the latest consolidated financial statements of AMMB Group as at 31 March 2020, the proforma effects of the Global Settlement will reduce the NA per share from RM6.18 to RM5.22.



As at 31 December 2020, the estimated proforma impact to Core Equity Tier 1 (“CET1”) and Total Capital Ratio (“TCR”) ratio is estimated to be reduced from 13.52% to 11.01%; and 16.39% to 13.88%, respectively after the proposed provision for the Global Settlement.



The Group remains highly liquid with Liquidity Coverage Ratio (“LCR”) of 155.8% and Net Stable Funding Ratio (“NSFR”) for all operating entities above 100%. However, the Group plans to raise Tier 2 debt capital to increase total capital available for on-going working capital purposes.

Since the 1MDB issue in 2015....their NAPS has increased from RM4.90 to current RM 6.40...

....writing off 90+ sen from NAPS and no dividend for current year for settlement....what is the big issue to result a limit down in share price....haha....so many naive people....LOL

Genting Malaysia.....made a loss of 2.26B in 2020....NAPS RM2.51

Share price is now on uptrend....

https://www.freemalaysiatoday.com/category/nation/2021/02/27/stick-to-sops-until-herd-immunity-achieved-says-noor-hisham/

Noor Hisham said the National Security Council would evaluate and discuss from time to time the measures which have been implemented to curb the spread of the pandemic, including international border control, the enforcement of various rules and procedures, as well as Covid-19 testing and screening.

“The decision to allow inter-state or inter-district travel, for example, depends on the evaluation of some of these factors by the government.

Kenanga...Buy Call...TP 1.05

HLB...Buy Call....TP 1.15

AmInvest...Buy Call...TP 1.28

https://www.theedgemarkets.com/article/analysts-mixed-cimbs-outlook

UOB Kay Hian’s analyst Keith Wee sensed growing optimism from CIMB’s management about the group’s recovery prospects for the financial year ending Dec 31, 2021 (FY21) despite the reimposition of the movement control order (MCO).

“The take-up rate of targeted assistance surprised on the downside even within the B40 (bottom 40% income) group. As such, the group could potentially deliver the strongest earnings recovery in 2021,” he opined in a report today.

Wee believed that the worst could already be over for CIMB in FY20, suggesting a two-year earnings compound annual growth rate (CAGR) of over 100%.

“The lumpy bond and derivative impairments (about RM500 million), oil and gas (O&G) specific provisions (RM1 billion), coupled with management provision overlays in FY20, could potentially set the stage for a staggering two-year earnings CAGR in excess of 100% for FY21 to FY22,” he added.

On the other hand, RHB Research Institute analysts Liew Wai Hoong and Fiona Liong maintained their "buy" call on CIMB, with a TP of RM5.10.

They shared the same view with UOB’s Wee, pointing out that CIMB’s total provisions are expected to have been elevated in the fourth quarter of FY20 (4QFY20) as the lender brought forward more provisions to FY20, “thus paving way for a cleaner recovery in FY21” where credit cost is expected to be lower year-on-year (y-o-y).

https://www.theedgemarkets.com/article/cimb-targets-45-loan-growth-2021

In 2021, we have set ambitious targets and to deliver better financial performance compared with 2020. I’m confident and optimistic, assuming that the economic recovery continues, that we will deliver on our targets,” said Rahman.

https://www.theedgemarkets.com/article/cimb-sees-significantly-lower-provisions-loans-fy21

“We do expect significantly lower provisions across our segments, and also across key operating markets — Malaysia, Indonesia, Singapore and Thailand, reflecting the recovery,” said CIMB’s group chief financial officer Khairul Rifaie at the bank’s FY20 financial result virtual briefing.

ATK surely must have his purpose, if not, why do you think he wants to waste his time here...

....on what could be his purpose, then you need to use your intelligence.....haha...

DestinyL is very sharp....clap clap....

Pity themeg....cry no tears......

Going through the list that report today, other the banks, most do not pay dividend.....8.5 sen is considered very good.

@DestinyL......RM15K....is it enuf to do renovation for your kitchen?

Sorry for not chun ya....

MBB made 57.66 sen and pay 52 sen dividend....I guess can expect good dividend from most good companies...that's why market shot up after MBB and PBB QR.

Haha....operator can push for few days and run at HIGH....what a joke haha....think so easy as playing masak masak....haha...LOL

Why would operator want to push high for everyone to run and profit while they buy all the high and loose money...haha.

Haha...ATK...operator don't give easy short term gain....they will shake up and down when collecting.....

MBB and PBB higher after dividend announcement...

Wow....DestinyL holds 50% more than me.....so envy....

...hope will consolidate more for me to chase DestinyL....

https://www.theedgemarkets.com/article/amresearch-upgrades-cimb-buy-raises-fair-value-27-rm520

AmInvestment Bank Research (AmResearch) has upgraded CIMB Group Holdings Bhd to a "buy" from "hold", and revised up its fair value (FV) to RM5.20 from RM4.10, saying the stock's “valuation remains undemanding”, and that the bank is one of the systematically important banks envisaged to post improved earnings by riding on the economic recovery.

@apple168.....anymore monkey stories to entertain us?

...or you are saving the stories to entertain yourself?

@DestinyL very likely cos the boss needs $$$

I predict a dividend of 10-15 sen.....

Today's recovery trade is more confined to Banks....my CIMB is nice.......pridicting a dividend of 8-9 sen coming....

Whole world, banks stock price are flying....this one remains one of the most attractive....after QR, confirmed dividend coming....will probably FLY !

Consolidating recent gains while waiting for QR, very healthy.

If dividend is attractive, sure will OVERTAKE SUPERMAX !

The one who walked off still pretended that he is still holding....hope he can continue to pretend and join us to continue cheering....must be very stressful for him to do so....haha.

https://www.cnbc.com/2021/02/23/stock-market-open-to-close-news.html

Dow turns higher boosted by recovery plays, S&P 500 is flat amid tech sell-off