Wednesday, February 15, 2012

MBSB and CIMB

Financial counters... yes, I am bullish on these 2 counters for some very good reason....
MBSB has been on the up trend since last year Dec and I think if you look at the volume and operating profit and margin, its not that of a surprise for the market capitalization to expand... Lately there have been news of the stock being targeted for privatization with GO at RM2.80. It even came out in a local news paper TheStar... so is the GO a real thing or merely a rumour... Looking at all angles, I think the likelihood of that is real. If I have to guess, I think 90% its going to happen... likely this quarter...

CIMB share price on the other hand has taken a hit since it hit RM9 and for the past quarter it has been hitting bottom at RM7 range and technical indication from chart shows very promising uptrend... volume have been strong of late so I think its going to move up even more...
RM8 is an easy target to hit within a month or so. Those with high risk appetite, go for the warrants... pick and choose though.

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