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Saturday, 2 June 2018

Funds Flow Analysis of CIMB (KLSE: 1023): 2 June 2018, Saturday, 7.37pm Singapore Time

Funds Flow Analysis of CIMB (KLSE: 1023): 
2 June 2018, Saturday, 7.37pm Singapore Time
(Click on FFA Chart above to Expand)

Attached is the Funds Flow of CIMB Group that is listed in the KLSE (KLSE: 1023). The recent breakdown in the Technical Price Structure is not caused by a long term funds outflow, but rather just a short term funds outflow. Like the KLSE broad market, there is no need to overly panic or be too fearful because this is just a risk management action only (foreign funds sideline partially and adopt a wait and see first mentality). The funds flow has been stabilizing recently. Reduction in funds flow from blue chips and index stocks such as banks does not necessarily mean bearishness. Rather, it is a buying opportunity for good quality stocks such as banks using the rare golden dip. With re-deployment of resources (including re-deployment in infrastructure building) and re-negotiation of contracts in requiring more Malaysian banks and Malaysian companies' participation, Malaysian banks will actually have the most direct stimulus. Most people cannot see this far yet, by the time they realise so, funds flow and prices would had already soared up again when demand exceeds supply.

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