CIMB Badly Sale Down By Foreign Investor

CIMB had badly sale down by foreign investor since end Jun after hits RM9. CIMB chat had form double top formation before dip below RM7 level (22.2% loss) Base on the chart, the sale down may not end yet but next week may likely see some market test on foreign investor share holding, if the holding is less CIMB is ready to be mark up again. 5 trading day moving sideways may a sign of end of the dip.

Huge Foreign Fund Exit CIMB

Yesterday we see CIMB share give up all the share price gain in a year. The price deep to RM7.02 is the level year ago. Huge foreign fund exit CIMB and most of Malaysia blue chip after Najib said Malaysia share market is majority domestic and US effect is not mach.

But this few day FBM KLCI is the badly hits in Asia share market. Najib brother company hits the most.

CIMB Show Bullish Sign In Short Term

CIMB had bottom at below 8.00 level and now the chart had show some bullish sign in short term. When enter APR I think CIMB will move up due to Sarawak election.

In March some investor is accumulate CIMB share in low price, this also show that when accumulated enough, share is about to move up.

CIMB Chart Turn Bearish If 8.80 Level Not Been Broken In Short Term

CIMB price dip below RM8.40 with high vol have mark a turning point from bullish to bearish. After a long bull run, CIMB investor is taking out they profit may be need to use in coming election. However if in short term CIMB price can move up back to RM 8.80 level, the big dip into RM8.40 may be a panic accumulation for the big money.

CIMB Is Forming A Bull

CIMB is forming a bull run, base on the chart CIMB is testing low price to remove the weak holder. Once the weak share holder remove, CIMB price may hits news high after CNY together with the 4Q2010 result flow out. However for PBBANK, the rally like going to end due to the 4Q2010 result may out this week or next and the share price already show the good result.



















FBM KLCI to go new high before election I think CIMB sure will hits new high as a brother support.

Malaysia is now the “least favoured market” in Asia Pacific

News come out at Malaysia insider report that Malaysia is now the “least favoured market” in Asia Pacific for investors after nearly doubling its underweight rating from last month, according to a recent Bank of America Merrill Lynch report. The country slipped two spots — from 10th place to dead last — in the investment bank’s latest Fund Managers Survey, even as the Najib administration prepares to unveil ambitious economic reforms meant to boost investor confidence.

















So I think Najib administration fail to boost investor confidence but successful boost FBM KLCI index go up. The biggest reason why FBM KLCI index move up may likely because they need to cover the real economic situation, however if this is the reason so FBM KLCI will be a safe place to invest. Sure Najib administration will use any thing to support the FBM KLCI till next general election, now the budget for 2011 is near and if really next year the general election sure this budget will be very good for FBM KLCI index to go higher that 1,500 level.

For me, now I only invest into FBM KLCI component share only especially CIMB and PetDag. For FBM KLCI to move higher I thing TopGlov will up to new high after the accumulation end.

CIMB 4Q2009 recording net profit of RM802.89 million

CIMB Group Holdings Bhd reported a strong set of earnings in the fourth quarter ended Dec 31, 2009, recording net profit of RM802.89 million, up 152% from the RM318.59 million a year ago. The group declared a dividend of 18.5 sen (single tier) amounting to a total net payment of RM653 million and proposed a one-for-one bonus issue.

If you can recall back since Najib become PM of Malaysia CIMB profit is getting up and up, during Badawi time CIMB profit is not so good at all so how come thing get better during economic crisis? The relationship between politic and economic is really a complex mattel and this why many people want to jump into politic. However CIMB is really a good share to invest as long as Najib is PM of Malaysia. To short term take profit on it wacth out CIMB call warrant tomorrow.