Posted by Michael_chan2022 > 2022-06-09 12:11 | Report Abuse

Pb < 1
Best value banking stocks...hovering between 4.9 - 5.3

Posted by Michael_chan2022 > 2022-06-09 12:16 | Report Abuse

Keeping a close eyes on it..

Posted by Michael_chan2022 > 2022-06-10 10:06 | Report Abuse

Buy

Posted by Michael_chan2022 > 2022-06-13 10:05 | Report Abuse

Batch 2 ..

Posted by sasword > 2022-06-13 17:09 |

Post removed.Why?

Posted by Michael_chan2022 > 2022-06-13 17:29 | Report Abuse

Ang moh Jones going to collapse only....we won't see klse collapsing to 1000. Resaon is simple.....US stock markets are pumped up by FED cheap fund..

Malaysia stocks are not.... buy on dig

Posted by speakup > 2022-06-14 10:46 | Report Abuse

wonder who sold cimb @ 4.83? gila ke?

Posted by kyliew > 2022-06-14 20:37 | Report Abuse

Recession

Posted by jamestecs > 2022-06-15 15:28 | Report Abuse

Ding Crab shorting KLSE.

Posted by Michael_chan2022 > 2022-06-18 10:04 | Report Abuse

https://www.marketwatch.com/story/based-on-history-the-next-bull-market-is-just-months-away-and-could-take-the-s-p-500-to-6000-says-bofa-11655475414

Posted by kyliew > 2022-06-20 19:23 | Report Abuse

Recession 2024

Posted by kyliew > 2022-06-22 12:01 | Report Abuse

Nouriel Roubini: US Economy 'Getting Very Close' to Recession

Recession odds increase significantly next year: Morgan Stanley CIO

Posted by kyliew > 2022-06-22 12:29 | Report Abuse

Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021.
...
Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), First Quarter 2022.
Q1 2022 (2nd) -1.5%
Q4 2021 (3rd) +6.9%

Q2 2022 will be likely negative growth.....lets wait for the announcement in 1st week of July. By then we are in the technical recession. Heloo and welcome year 2008/09

Posted by Michael_chan2022 > 2022-06-22 17:04 | Report Abuse

https://www.bea.gov/data/gdp/gross-domestic-product

We're investing in Malaysia stock market not ang moh Jones...

Here, our economy is still growing..no worry

Posted by momo33 > 2022-06-22 17:19 | Report Abuse

Local Inst are selling crazy. they know better right !
21 June 2022, Tuesday,
Trade Statistics | Participation:
Volume traded 2.79bil
Value traded RM1.87bil
Local Retail: -RM8.38m | 26.01%
Local Insti: -RM125.32m | 50.61%
Foreign: +RM133.70m | 23.38%

Posted by kyliew > 2022-06-23 11:32 | Report Abuse

From peak RM5.70 to current RM4.80. Next month we will know if US market is in technical recession the moment Fed announce the GDP data. By the time, we will see waterfall everywhere....run lor....keep cash for the next upcoming crash which is just around the corner.

Posted by prudentinvestor > 2022-06-23 16:14 | Report Abuse

The US stock market is like a hyper casino. Just can't imagine big capitalized stocks could trade at PEs of several hundred. Tesla used to trade at a PE of over 800. Even today, Tesla and Amazon are still trading at PEs of around 100. How nice if CIMB and Maybank can command a PE of 100. The Dow is still more than 4 times higher than its 2009 lows, the Nasdaq is probably 10 times higher. The KLCI is only about 80% higher.

Posted by Michael_chan2022 > 2022-06-24 07:21 | Report Abuse

https://markets.businessinsider.com/news/stocks/stock-market-outlook-economy-avoid-recession-inflation-cut-in-half-2022-6

Posted by Michael_chan2022 > 2022-06-24 07:22 | Report Abuse

Bull market is back ...

Posted by kyliew > 2022-06-24 15:48 | Report Abuse

Elon Musk warns that recession is 'inevitable,' likely coming soon

Deutsche Bank, Citi See 50% Recession Chance as Rates Rise

Goldman Sachs says a recession is now twice as likely as its previous prediction

Posted by Michael_chan2022 > 2022-06-24 17:44 | Report Abuse

Recession..?? not an issue. usa can start to print money again which many other countries can't. The cycle repeat.

Posted by Michael_chan2022 > 2022-06-24 18:33 | Report Abuse

https://news.cgtn.com/news/2022-06-24/BRICS-unveils-initiative-for-global-economic-recovery-1b7rBp5smDC/index.html

Posted by kyliew > 2022-06-24 19:57 | Report Abuse

JP Morgan
Peak = $171.78 @ Oct 2021
Current = $113.92 (negative 33%)

Bank Of America
Peak = $49.18 @ Jan 2022
Current = $32.08 (negative 34%)

Wells Fargo
Peak = $58.31 @ Feb 2022
Current = $37.90 (negative 36%)

Hello & welcome back year 2008...

Posted by prudentinvestor > 2022-06-24 20:20 | Report Abuse

Forget about the US banks which could be doing dishonest things again like what they did in 2008 which triggered the world financial crisis.

Posted by Michael_chan2022 > 2022-06-24 21:51 | Report Abuse

Banking stocks to chiong next week..

Posted by prudentinvestor > 2022-06-24 23:31 | Report Abuse

Doomsayers on this forum may be in for a shock next week. JP Morgan might be proven correct. US stocks are already rallying.

Posted by bullmarket1628 > 2022-06-28 12:06 | Report Abuse

Super good news !
Parliament will dissolves by end Sept 2022 and GE15 is on Nov 2022

For those who still haven’t grab any cheap stocks, please faster grab any of it before too late !
If not, later don’t just sit there and see all of us here making tonnes of profits ya !

Heng ah, Ong ah, Huat ah !

Posted by looiting > 2022-07-06 12:13 | Report Abuse

Retailers very obedient. They continue to hold the bag. Good boy.

Posted by Riaz54 > 2022-07-10 11:08 | Report Abuse

Plenty of bad news is already in the price. US i think will surprise us and it will find a way or reason to have equity rally. Not least US has the biggest retail investors in the world and can print money nilly willy. The wall of investible money from retail investors, pension and Life insurance funds has to have a home, so when there is a major correction, a rally is not too far away! Malaysian market which has has been hit hard over a longer period that US is due for a strong comeback. Unfortunately, the political instability is one of the main reasons. That said I see CIMB is undervalued even now!

Posted by Riaz54 > 2022-07-10 11:14 | Report Abuse

Lot of people in this forum dont understand how US works! They cause a correction others follow, they are first to exit and and first to enter. That is why US retail investors are the most wealthy in the world, as the effectively have inside information, as rests follow like lambs to slaughter. Case in point, Ali Baba US bankers wrote negative thigs abut Al Baba, the price collapsed from 400 + to 70 recently. Then suddenly JP Morgan who had previously said Ali Baba was uninvestible and high risk sent a note to confirm it is a strong buy! Price recovered nicely ....will continue to do. Many folks made 200% plus in a short time mostly in US. Lesson to to be learnt! Don't follow US blindly on negative news!

Posted by kyliew > 2022-07-10 12:27 | Report Abuse

Q2 GDP data will be out on 28th this month. If negative growth again, that's mean we are 2nd consecutive negative growth and in other words we called technical recession

Posted by kyliew > 2022-07-10 12:28 | Report Abuse

I'm looking for US banking stocks like JP, BAC, Wells fargo targeting market bottom at around mid to end of 2023

Posted by kyliew > 2022-07-10 12:29 | Report Abuse

Anything to do with China in US exchange will be a "no-no" for me

Posted by prudentinvestor > 2022-07-11 15:09 | Report Abuse

I prefer to put my bet in local banks like Maybank, RHB bank, CIMB bank and Public Bank in that order.

Posted by mf > 2022-07-14 21:35 | Report Abuse

Dow Jones

Dow Jones Industrial Average

30,252.12

-520.67

1.69%

Nasdaq

NASDAQ Composite

11,095.15

-152.42

1.35%

Posted by kyliew > 2022-07-14 22:52 | Report Abuse

Big4 banking stocks all deep dived today back to 2020 crash price level after stock opening

Posted by kyliew > 2022-07-14 22:53 | Report Abuse

Recession is real

Posted by kyliew > 2022-07-14 22:54 | Report Abuse

US big4 banking*

Posted by kyliew > 2022-07-15 09:48 | Report Abuse

https://www.youtube.com/watch?v=2J5mKcaduPY

Tune to minute between 5.15 and 5.42. CNBC news anchor on 14 July asked all 4 market researchers on their take of current market situation - all said "recession" outlook

Posted by mf > 2022-07-19 05:49 | Report Abuse

Dow Jones

Dow Jones Industrial Average

31,072.61

-215.65

0.68%

Nasdaq

NASDAQ Composite

11,360.04

-92.37

0.80%

Posted by stkoay > 2022-07-21 15:08 | Report Abuse

https://www.theedgemarkets.com/article/cimb-thais-6mfy22-net-profit-soars-122-yoy-212b-baht-better-cost-control-lower-credit-losses
KUALA LUMPUR (July 21): CIMB Group Holdings Bhd's 94.83%-owned subsidiary CIMB Thai Bank PCL's net profit for the cumulative six months ended June 30, 2022 (6MFY22) jumped 122% year-on-year (y-o-y) to 2.12 billion baht from 1.16 billion baht.

The improvement was mainly attributed to better cost control with a 7.4% decrease in operating expenses and a 63.7% decrease in expected credit losses, according to a statement to the local bourse on Thursday (July 21).

Posted by Valuvestor > 2022-07-27 15:53 | Report Abuse

I think Malaysian banks are insanely over-priced. According to Google, the P/E of CIMB is around 16. In comparison the Singapore bank OCBC, is at 11 and UOB is 12. Similarly with the American banks BOA is 10 and JPM is 9. I also worry that a large proportion of the security for loans is embodied in unoccupied real estate. If these empty flats hit the market all at once, for sure they will turn out to be worthless.

Posted by lomas > 2022-07-27 20:20 | Report Abuse

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%8D%B0%E5%B0%BC%E8%81%94%E6%98%8C%E9%A6%96%E5%8D%8A%E5%B9%B4%E8%B5%9A%E8%BF%9110%E4%BA%BF

Posted by stkoay > 2022-07-27 22:33 | Report Abuse

https://www.theedgemarkets.com/article/cimb-niagas-1h22-consolidated-net-profit-204-yoy

Posted by stkoay > 2022-07-27 22:35 | Report Abuse

KUALA LUMPUR (July 27): CIMB Group Holdings Bhd’s 92.5%-owned PT CIMB Niaga Tbk announced its unaudited consolidated net profit for the first half ended June 30, 2022 (1H22), leaped 20.4% to 2.57 trillion Indonesian rupiah (about RM763.68 million), up from 2.13 trillion Indonesian rupiah a year ago.

According to its financial statement filed with Bursa Malaysia on Wednesday (July 27), CIMB Niaga’s earnings per share for 1H22 was 101.65 Indonesian rupiah against the previous year's 85.54 Indonesian rupiah.

It paid a total dividend of 2.35 trillion Indonesian rupiah in 1H22, twice the amount compared with 1.1 trillion Indonesian rupiah in 1H21.

Posted by kyliew > 2022-07-28 20:46 | Report Abuse

US economy is technically in recession with the latest Q2 GDP data out

Posted by kyliew > 2022-07-28 22:07 | Report Abuse

Breaking News!!!!!
US enters technical recession as economy shrank 0.9% in Q2

Posted by stkoay > 2022-07-28 23:25 | Report Abuse

Ha..ha....this poor clown is working very hard, thinking he can "talk down" the wealth of the rich....so naive.....LOL

Posted by stkoay > 2022-07-28 23:25 | Report Abuse

Go see how the US market is trading....

Posted by stkoay > 2022-08-04 12:14 | Report Abuse

https://www.cnbc.com/2022/08/04/dbs-second-quarter-profit-tops-estimates-as-banks-benefit-from-rising-interest-rates.html

Singapore’s DBS Group reported a 7% rise in quarterly net profit that came in slightly above market estimates and gave a robust outlook as Southeast Asia’s largest lender gains from sharply higher interest rates.