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  Riaz54 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! 10/07/2022 11:08 AM Riaz54 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! 10/07/2022 11:14 AM kyliew 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 10/07/2022 12:27 PM kyliew I'm looking for US banking stocks like JP, BAC, Wells fargo targeting market bottom at around mid to end of 2023 10/07/2022 12:28 PM prudentinvestor I prefer to put my bet in local banks like Maybank, RHB bank, CIMB bank and Public Bank in that order. 11/07/2022 3:09 PM mf Dow Jones Dow Jones Industrial Average 30,252.12 -520.67 1.69% Nasdaq NASDAQ Composite 11,095.15 -152.42 1.35% 14/07/2022 9:35 PM kyliew Big4 banking stocks all deep dived today back to 2020 crash price level after stock opening 14/07/2022 10:52 PM kyliew 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 15/07/2022 9:48 AM mf Dow Jones Dow Jones Industrial Average 31,072.61 -215.65 0.68% Nasdaq NASDAQ Composite 11,360.04 -92.37 0.80% 19/07/2022 5:49 AM stkoay 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). 21/07/2022 3:08 PM Valuvestor 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. 27/07/2022 3:53 PM lomas 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 27/07/2022 8:20 PM stkoay https://www.theedgemarkets.com/article/cimb-niagas-1h22-consolidated-net-profit-204-yoy 27/07/2022 10:33 PM stkoay 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. 27/07/2022 10:35 PM kyliew Breaking News!!!!! US enters technical recession as economy shrank 0.9% in Q2 28/07/2022 10:07 PM stkoay Ha..ha....this poor clown is working very hard, thinking he can "talk down" the wealth of the rich....so naive.....LOL 28/07/2022 11:25 PM stkoay 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. 04/08/2022 12:14 PM bullmarket1628 Walaoeh, what happened ? Why today market big up +17.14 points to closed at => 1,507.71 points ? is it the announcement of dissolve parliament for 15th general election ? Heng ah, Ong ah, Huat ah ? 04/08/2022 7:32 PM Fabien _the efficient capital allocator Back to where it belongs...RM7+ 2Q GDP was robust, amidst low base effect. But still, growth is projected at the upper range bound of 6.8%. Banks are the best proxy for economic growth. Inflation seems to peak in the US but rising rates will benefit Banks generally on a net effect basis. Previous credit provisioning will see a reversal and thus boost the bottom line. With higher profit, expects higher dividends. Furthermore, TNG Digital is doing well. Valuations are still reasonable. 12/08/2022 8:25 PM bullmarket1628 Najib whisked away in black SUV to begin 12-year-jail sentence, as daughter vows, ‘Bossku does not end here’ By Soo Wern Jun Tuesday, 23 Aug 2022 7:05 PM MYT https://www.malaymail.com/amp/news/malaysia/2022/08/23/najib-whisked-away-in-black-suv-to-begin-12-year-jail-sentence-as-daughter-vows-bossku-does-not-end-here/24339 KUALA LUMPUR, Aug 23 — After more than four years of being on trial for misappropriating funds from SRC International Sdn Bhd and losing his final appeal against his conviction today, former prime minister Datuk Seri Najib Razak was seen departing the High Court to begin his 12-year-jail sentence. The decision today marks a historic moment for Malaysian politics as the country will witness for the first time a former prime minister sent to prison. "I’m sorry,” were his last words heard when he met with his supporters at the rear entrance of the Palace of Justice….. 23/08/2022 8:57 PM bullmarket1628 Tommorrow stock market definitely will be spike up like mad already liao lah ! Heng ah, Ong ah, Huat ah ! 23/08/2022 10:27 PM stkoay @choysun....quiet means all lari liao...haha... ...but that also means a lot cash is at side line, which is a good thing for next up trend.....cheers 30/08/2022 10:24 PM bullmarket1628 After 3 years pandemic already end,
next year onwards surely is the years of recovery and economy start booming time !
Like previously economy downturn period of: 1)Crisis 1986-1990 start booming 1993 to 1997 2)Crisis 1997-2000 start booming 2003 to 2006 3)Crisis 2006-2010 start booming 2013 to 2016 4)Crisis 2016-2022 start booming 2023 to 2027 So, our economy and KLSE will be spike up like mad start from year 2023 which is next year and i predict our KLSE this round of bull run start 2023 will hit it’s record high of around 2,000 points ! Heng Ah, Ong Ah, Huat Ah ! 03/09/2022 8:09 AM kyliew Still bursa? Enough la I better invest in US market in fact recession is happening just wait for the right timing to all in. 03/09/2022 1:16 PM stkoay https://www.theedgemarkets.com/article/traders-find-haven-global-stock-gloom-southeast-asia SINGAPORE/HONG KONG (Sept 4): As global equities struggle after the Federal Reserve's (Fed) latest hawkish rhetoric, Southeast Asia's growth outlook is making the region an investor favourite. Most of the region's biggest economies are expected to grow at least 5% this year, according to estimates compiled by Bloomberg, with the scrapping of pandemic-era restrictions offering a key boost. Malaysia more than doubled its annual target for tourists following an uptick in recent months, while Thailand expects to reap in US$11 billion (RM49.33 billion) from a surge in foreign visitors in the second half. The composition of Southeast Asia's equity benchmarks — low tech weighting and relatively high ratio of bank shares — is also favourable in a rising global interest-rate environment. 04/09/2022 1:58 PM stkoay https://www.bloomberg.com/news/articles/2022-09-06/indonesian-stocks-eye-fresh-record-boosted-by-commodity-gains?srnd=premium-asia 06/09/2022 12:35 PM bullmarket1628 Bank Negara raises OPR by 25 basis points to 2.5% Thursday, 08 Sep 2022 3:23 PM MYT https://www.thestar.com.my/business/business-news/2022/09/08/bank-negara-raises-opr-by-25-basis-points-to-25 KUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points (bps) to 2.5%, in line with market expectations. In a statement, it said it raised the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively. This is the central bank's third consecutive rate hike, bringing the total increase in the OPR to 75bps so far this year. "At the current OPR level, the stance of monetary policy continues to remain accommodative and supportive of economic growth. "The MPC is not on any pre-set course and will continue to assess evolving conditions and their implications on the overall outlook to domestic inflation and growth," said Bank Negara….. 09/09/2022 6:47 AM bullmarket1628 Wow, Bank Negara raises OPR by 25 basis points to 2.5% Like that today CIMB will be limit up already liao lah ! Heng ah, Ong ah, Huat ah ! 09/09/2022 6:54 AM stkoay KUALA LUMPUR, Sept 18 — Former finance minister Lim Guan Eng has called on the government to protect the people and not banks’ profits. The DAP lawmaker said the government should instead demand that banks share their “good fortune” following the rise in the overnight policy rate (OPR). https://www.malaymail.com/news/malaysia/2022/09/18/protect-people-not-banks-guan-eng-tells-putrajaya/28767 18/09/2022 12:49 PM BobAxelrod The problem is the Lims have a louder bark than a bite........and also never finish what they started........always. 18/09/2022 12:52 PM stkoay Wow....nice, 5.50 again....investors will definitely get richer over the long term.... .....non investor busy busy trolling...busy busy monitoring the wealth of investors must be very stressed out.....haha....LOL 20/09/2022 11:40 AM bullmarket1628 Fed rate hike: US interest rates hit 14-year high in inflation battle * By Natalie Sherman * Business reporter, New York 21 September 2022, 19:01 BST https://www.bbc.com/news/business-62973376.amp The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are expected to climb more - and remain high, the bank said. The move comes despite mounting concern that the cost of controlling inflation could be a harsh economic downturn… 22/09/2022 6:55 AM bullmarket1628 Wow, Fed Hikes Interest Rates 0.75 % lifting the target range to a record high of 3% to 3.25% Like that today CIMB will be limit up already liao lah ! Heng ah, Ong ah, Huat ah ! 22/09/2022 7:03 AM  | APPS  I3 Messenger Individual or Group chat with anyone on I3investor  MQ Trader Earn MQ Points while trading with MQ Traders Group  MQ Affiliate Earn side income from MQ Affiliate Program
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