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During first MCO CIMB stock drop drastically due to crude oil price slumped, where a lot of oil n gas company struggling to survive, during MCO 2 it is kinda not that worst as compare to first MCO where crude oil price back to 50USD per barrel and no loan repayment moratorium for this cycle. But it still need to take a year or more for the recovery.
yes, Tenaga is monopolize the market in Malaysia. it is no different with banking sector where government are controlling both where government can easily cut down OPR for banking or utilities bill price for Tenaga. Don't forget Tenaga operating cost is a lot higher then banking.
all utilities counter got high debts since they build big project using debts. bank biz is taking money lend money. cannot compare at all from diff industry
yeah.. high debt if unable to manage the company properly then the risk will be much higher, it is not right or wrong buying banking or Tenaga.. but for me I feel more comfortable to hold banking then Tenaga.
my ep for cimb is 2.95 but still holding ,indeed I oso partially topup a bit for tenaga , as long this 2 counter is not chap lap, I just hold them 1st la.aiyo..got dividen ,I dun mind lor..
Cimb 2nd largest bank in Malaysia in assets size. And the largest investment bank in South East Asia and one of the biggest in Asia. Worth above 5 by end of 2021
Genting Malaysia under mco and temporary closed but the share price didn't dropped much. Genting making losses since march 2020 till now. Cimb dropped in profit because loan default in oil and gas loan. Now crude oil already back above USD 50 . I think the worse is over for cimb. Your entry not really overly high just hold for a couple of months for vaccine to arrive.
Profit sink 36% compared with 2019. I read the results but still making profits not loss. Another positive news I just read is collaboration with Ant group in e-wallet (Touch n go) .
PT cimb niaga joint venture in Fintec in Indonesia are very promising. This bank had many growth potential unlike Public Bank. The business strategy in Public Bank is very old fashion type and Conservative approach.
Yesterday Cimb Thai quarter results out and already said limit down today. It never happen. Medium to long-term investor have nothing to worry. I believed second half 2021 will start distributing dividend again. Hold on tight. By year end you see huge returns.
Yeah I was thinking Bank earnings will recover next year. I need to have set a time table. I learned my lesson in Tenaga. Short term profit is difficult to achieve
yes I agreed. Now economy looks bad but will get better soon. Just look at the positive side and hold on . My uncle always reminds me to stay calm and positive. I believed him.
ada wang then buy partially, not enough money then study the strategy whether it works or not. u dun earn money this time but can earn in the future, as long u got plenty of time, no worry.