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This week Genting will release the worst ever QR result for Genting Bhd since genting listed in bursa. I believe the stock price will not up at this moment.
Provision lose due to Hin Leong bad debt ard reflect in Q1 result. This is why CIMB Q1 result unexpectedly bad. I predict Q2 bad result mainly contribute by moratorium.
CIMB already consider the most undervalue bank stock. It worth and less risk to hold this stock at this value RM3.5 especially for long term investor. But I believe it will not fly over RM4.20 in this few months. This is due to economy crisis caused by pandemic, bad debt and impairment loss. All bank are not exception from this risk. It depends on how the bank manage the risk.
