Posted by Pinky > 2024-11-01 16:51 | Report Abuse

Game over for banks?

Posted by stkoay > 2024-11-01 17:00 | Report Abuse

Banks fundamental remain strong, but overall market is weak.

Posted by enning22 > 2024-11-02 10:49 | Report Abuse

global markets are waiting to adjust to new Trump government and his policy changes

Posted by Mabel > 2 months ago | Report Abuse

To say next week is pivotal is probably understating it.

Wall Street awaits with bated breath the outcome of the U.S. presidential election on Tuesday, in a season that has seen plenty of twists and turns. Various polls have placed U.S. Vice President Kamala Harris and Republican opponent Former President Donald Trump neck-and-neck for the White House, while prediction platforms have swung between the two candidates.

The election will be followed by the penultimate Federal Reserve monetary policy committee meeting of the year, commencing on Wednesday. On Thursday, policymakers will announce their decision.

Since the central bank's bumper half-point rate cut in September, incoming data has suggested a continued deterioration in the labor market, an economy that was still chugging along, and an inflation situation that may not be completely out of the woods yet. It keeps the Fed on track to deliver another interest rate cut next week, and markets expect it to be a 25 basis point decrease.

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,729.93

+1,508.05

3.57%

Nasdaq

NASDAQ Composite

18,983.46

+544.29

2.95%

Posted by troy88 > 2 months ago | Report Abuse

Banks and plantation holding up KLCI above 1600. Otherwise should be in the 1500+ range. Look at Singapore market so strong and not so heavily manipulated like KLCI.

Posted by masterus > 2 months ago | Report Abuse

Fed Cuts Rates Again
The Federal Reserve cut interest rates by a quarter point, the second reduction this year. A combination of strong data and Donald Trump’s return to the White House muddles the outlook on what comes next.

Nov. 7, 2024
Updated 8:39 p.m. ET

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

44,293.13

+304.14

0.69%

Nasdaq

NASDAQ Composite

19,298.76

+11.98

0.06%

Posted by stkoay > 2 months ago | Report Abuse

YTD still up 40%.....Sotong is Best !!

The uncle who missed out on this one, gets very angry with the one who has....
.....haha.

Posted by KingKKK > 2 months ago | Report Abuse

WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_

Posted by HKHedgeFund > 2 months ago | Report Abuse

Najib agree to withdraw 1mdb USD8.9 billions from oversea to inject CIMB for 100 year with agreement of unable to sell off

Posted by stkoay > 2 months ago | Report Abuse

Wow...so heavy volume traded 💪👍

Posted by Mabel > 2 months ago | Report Abuse

Among Mabel's 3 Banks, Maybank, CIMB and BIMB, only Prince CIMB make it to No 6 in Malaysia Top 10 Best Performing Stocks.

No 6: CIMB Group Holdings (YTD Performance: 42.7%)

CIMB Group is a leading ASEAN universal bank providing a wide range of financial services, including retail banking, corporate banking, investment banking, Islamic banking, and asset management. It operates across Malaysia and other ASEAN countries, offering solutions to individuals, businesses, and institutions.

CIMB’s strong performance as one of Malaysia’s top 10 gainers YTD can be attributed to several factors. Firstly, the bank has benefited from robust economic recovery in ASEAN, which boosted demand for banking services across retail, corporate, and investment sectors. Its strategic focus on digital transformation has improved customer experience and operational efficiency, contributing to higher profitability. Furthermore, CIMB’s prudent risk management and cost-control measures have enhanced its financial stability. The positive market sentiment and the bank’s solid capital position have also driven investor confidence and stock performance.

Well done CIMB!!!!

Posted by stkoay > 2 months ago | Report Abuse

Wow, CIMB is No.6 best performing stock YTD this year.
Congratulations to those who spotted this one early.
Sorry to those who said "CIMB is over valued la" when it was trading at 6+

Posted by vinvin > 2 months ago | Report Abuse

👍

Posted by Pinky > 2 months ago | Report Abuse

AmBank lagi kuat 😏

Posted by prudentinvestor > 2 months ago | Report Abuse

Looks like CIMB Bank would continue to do well, judging by its share price performance.

Posted by stkoay > 2 months ago | Report Abuse

November closing 8.25
YTD up 41%
Walao eh, not only good, it's super BEST
😄😄😄

Posted by YKS419 > 2 months ago | Report Abuse

why Q3 report so good but share price drop from 8.4 to 8.25 yesterday ? I dont understand is that retrace ?

Posted by mesoan > 2 months ago | Report Abuse

total outstanding loan is contracting. it will impact future earning

Posted by Mabel > 2 months ago | Report Abuse

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations
Third quarter 2024 results:
EPS: RM0.19 (up from RM0.17 in 3Q 2023).
Revenue: RM5.41b (up 8.1% from 3Q 2023).
Net income: RM2.03b (up 9.9% from 3Q 2023).
Profit margin: 38% (in line with 3Q 2023).
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%.

Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.

Posted by Mabel > 2 months ago | Report Abuse

YKS419 why Q3 report so good but share price drop from 8.4 to 8.25 yesterday ? I dont understand is that retrace ?
29/11/2024 5:09 PM

Banking counters drag KLCI below key level. The FKLI's inability to reclaim the 50-day EMA, coupled with the formation of a big red candle, indicates that bears have regained momentum. This development suggests the potential formation of a new lower high within the prevailing downtrend. A decisive break below the approaching 200-day EMA could signal a bearish continuation..

Posted by stkoay > 2 months ago | Report Abuse

Sotong dropped 4 sen in a sea of red.....not so BAD.

Posted by HKHedgeFund > 1 month ago | Report Abuse

FKLI keep long for DEC

Posted by HKHedgeFund > 1 month ago | Report Abuse

Due to dividend tax over RM100K, now corporate plan to readjustment the share price to market value instead of paying dividend

Posted by stkoay > 1 month ago | Report Abuse

https://www.malaymail.com/news/money/2024/12/09/midf-local-institutions-dominated-bursa-malaysia-with-rm106b-net-buying-surge-last-week/159322

KUALA LUMPUR, Dec 9 — Local institutions continued to be Bursa Malaysia’s primary supporters, with net buying skyrocketing nearly fivefold to RM1.06 billion last week from RM207.7 million recorded in the week before.

Local institutions’ interest focused on Tenaga Nasional, Maybank, CIMB, AMMB, and RHB Bank, which were the top stocks to record weekly net inflows last week.

Posted by stkoay > 1 month ago | Report Abuse

Very interesting trade today....morning opening down to 8....closing 8.18.
Tug of war between BIG funds....

Posted by Mabel > 1 month ago | Report Abuse

Top-Traded Malaysia Stocks
$CIMB (1023.MY)$ was the most actively traded company on Monday, climbing 0.12 percent to close at RM8.180.

Posted by masterus > 1 month ago | Report Abuse

It’s time to sell the U.S. dollar, Morgan Stanley says

Source: market watch website

Posted by Pinky > 1 month ago | Report Abuse

Rally game over?

Posted by Pinky > 1 month ago | Report Abuse

If you don't have 390K after working for years you are a failure

Posted by mf > 1 month ago | Report Abuse

Dow poised for first 10-day losing streak since 1974 after Fed signals fewer rate cuts: Live updates

Posted by Mabel > 1 month ago | Report Abuse

Haha today Mabel has multiple orgasam...

Both Mabel YTL Power and YTL rocket to the roof today...

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has cleared YTL Communications Sdn Bhd of any wrongdoing in its probe into the now-defunct RM4 billion 1BestariNet project.

“We wish to announce that we have received confirmation from MACC that it has concluded its investigations and determined that no charges will be pursued against YTL Communications,” YTL Power International Bhd said in a bourse filing today.

To Our Success !

Meow Meow Meow

Posted by Mabel > 1 month ago | Report Abuse

https://www.msn.com/en-my/news/national/macc-clears-ytl-communications-in-1bestarinet-probe/ar-AA1w544g?ocid=BingHp01&pc=U673&cvid=ea85bc9f9a13481bdef3dc4efb34440b&ei=19

What we need in CIMB is just one good new like this...

Posted by stkoay > 1 month ago | Report Abuse

Nice, it looks attractive again 😎

Posted by weiyanghau > 1 month ago | Report Abuse

not bad not bad, the return is pretty decent

Posted by KingKKK > 1 month ago | Report Abuse

FBMKLCI's Stellar 2024: Insights into the Top 5 Outperforming Sectors, #FBMKLCI #KLCI, #CIMB, #GAMUDA, #TENAGA, #YTL, #YTLPOWER, #SIMEPROP, #TOPGLOV

https://klse.i3investor.com/web/blog/detail/bestStocks/2025-01-01-story-h497006422-FBMKLCI_s_Stellar_2024_Insights_into_the_Top_5_Outperforming_Sectors_FBM

Posted by stkoay > 1 month ago | Report Abuse

Happy New Year !

2024 was Best Year for Banks investors, let's hope the market will continue to do well so that EPF & ASM will continue to give Good Dividend.
Cheers.....

Posted by Pinky > 3 weeks ago | Report Abuse

Under pressure...hard to climb 🤔

Posted by Pinky > 3 weeks ago | Report Abuse

OCBC@SGX went crazy today, breaking all time high

CIMB pulak...ZZZzzz

Posted by Pinky > 2 weeks ago | Report Abuse

Habislah sotong, dropped below 8

Posted by speakup > 2 weeks ago | Report Abuse

When sold already, post Habislah. 😂

Posted by Pinky > 2 weeks ago | Report Abuse

I still holding la, though my smallest holding among my 3 banks

1. Ocbc
2. Ambank
3. Cimb

All 3 have their strengths

Posted by speakup > 1 week ago | Report Abuse

https://fortune.com/2025/01/17/jpmorgan-chase-union-jamie-dimon-wall-street-return-to-work-employees-anger/
my friend at cimb still practice work from home

Posted by Mabel > 1 week ago | Report Abuse

Malaysian stock index has experienced a continuous decline, severely testing investor confidence. After more than two weeks of decline, the market finally showed signs of recovery on Friday, providing some relief to investors. However, during this period, many stock prices fell sharply, causing trouble for many investors.

Let's take a look at the market trend at the daily level. Recently, after the index fell below the 0.618 position of the Fibonacci retracement line, there was a sharp rebound. This phenomenon shows that the current support level has played a positive role. This rebound is not only a reaction of the market to the rapid decline in the previous two weeks, but also reflects the market's recovery and increased demand for rebound in the callback stage. On Friday it closed at 1566.72 which is above the key support level is 1529 points.

In the next period of time, we have reason to believe that the index will continue to rebound. Specifically, the first pressure level of the rebound is around 1590. If the rebound momentum is strong and can effectively break through and stand above 1590, then the market will most likely start a new round of rising market, and a series of favorable factors will bring more opportunities for investors to participate.

Posted by kokchengkai > 1 week ago | Report Abuse

Mr. Paul Wong Chee Kin, President and Chief Executive Officer, CIMB Thai Bank PCL commented on
the unaudited consolidated financial results for the year ended 31 December 2024, where CIMB Thai
Group recorded a consolidated net profit of THB 2,852.1 million, an increase of THB 1,246.8 million or
77.7% year-on-year (“YoY”) from 2023. This was mainly from a 9.7% growth in operating income and a
13.7% decrease in expected credit losses, offset by an increase of 2.6% in operating expenses.

Posted by enning22 > 1 week ago | Report Abuse

CIMB THAI posts net profit of THB 2,852.1 million, a 77.7%YoY increase for FY2024
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=154594&name=EA_GA_ATTACHMENTS

Posted by HKHedgeFund > 1 week ago | Report Abuse

RM 2.97 up to RM8.7, 1MDB money injected back? or TNG transform to global VISA and Matercard payment gateway? haha

Posted by enning22 > 4 days ago | Report Abuse

CIMB and OCBC vying for controlling stake in Indonesia's Panin Bank, Maybank working on potential bid —
https://theedgemalaysia.com/node/737175

Posted by speakup > 1 day ago | Report Abuse

https://www.thestar.com.my/business/business-news/2025/01/29/cimbs-4q-net-profit-likely-to-dip-on-nim-pressure

Tomorrow buy opportunity?