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CIMB just came out a put warrant strike target at 3.18 and maturity at december, meaning to say that the Cimb bank need more cashflow to cover cost and the stock price will be trading above 3.18 till december.
yup u are right, banker are very smart, so the price will be hard to drop below 3.18, as my technical analysis also show 3.20 is a very strong support.
Hmm...not say impossible, its possible below too but will not stay long then will be rebound back, maybe the same day will bound back d, cz big player oso will nid to collect cheap price eh
Expected credit loss cimb put a lot, if become reality, those defaults will trigger cimb to do recovering job, liquidate asset of borrower, then bank will have impairment gain next quarter. Ecl actually is a provision for the loss caused by default.
