epf just sold down about 2 million + share YTD. The quantum is not significant compare to some other counter where they are selling millions instead of few k or few hundred thousand unit.
As long as it gives dividend, just buy and wait. Bank stocks take time to rise and dependent on nation's economic and financial progress. Right now, both situations plus foreign confidence are not good.
I have said before that Affin is a good stock to have and I have been proved right by the latest results. And here I am again saying that it is a good stock to have. The price you see now, you will not see in the near future, unless there is a catastrophe or something. All forecasts for the Malaysian economy for the rest of 2016 and 2017 suggests a recovery and growth, Affin will benefit from now on and the results will keep improving.
CIMB already recovered a fair bit of its earnings and price. Slowly all the other banks will follow suit. If don't buy now, wait until funds come back only buy ?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bugle
293 posts
Posted by bugle > 2016-08-19 16:17 | Report Abuse
result just out, not bad. someone told me the selling forces came out from MIDF. I'm wondering why it's so.