BATFLY 
548 posts |  Posted by BATFLY > Jan 22, 2021 9:12 AM | Report Abuse
CIMB Group Holdings Bhd's 94.8%-owned subsidiary CIMB Thai Bank PCL saw its net profit for the financial year 2020 (FY20) ended Dec 31, 2020 decline 36% from a year earlier to 1.29 billion baht (RM173.96 million). The fall in earnings was attributed to a 60% increase in provisions to 2.68 billion baht as at the end of FY20 from 2.3 billion baht at the end of FY19. The bank also registered an expected credit loss of 4.47 billion baht in FY20.
CIMB Group Holdings Bhd's 94.8%-owned subsidiary CIMB Thai Bank PCL saw its net profit for the financial year 2020 (FY20) ended Dec 31, 2020 decline 36% from a year earlier to 1.29 billion baht (RM173.96 million). The fall in earnings was attributed to a 60% increase in provisions to 2.68 billion baht as at the end of FY20 from 2.3 billion baht at the end of FY19. The bank also registered an expected credit loss of 4.47 billio
CIMB Group Holdings Bhd's 94.8%-owned subsidiary CIMB Thai Bank PCL saw its net profit for the financial year 2020 (FY20) ended Dec 31, 2020 decline 36% from a year earlier to 1.29 billion baht (RM173.96 million). The fall in earnings was attributed to a 60% increase in provisions to 2.68 billion baht as at the end of FY20 from 2.3 billion baht at the end of FY19. The bank also registered an expected credit loss of 4.47 billion baht in FY20 |
Riaz1954
421 posts | Posted by Riaz1954 > Jan 22, 2021 9:36 AM | Report Abuse 60% increase in provisions! That says it all! |
gongkia
157 posts | Posted by gongkia > Jan 22, 2021 12:31 PM | Report Abuse the best thing cimb consistent deliver is bad asset. |
BountyOfTheBourse
1825 posts | Posted by BountyOfTheBourse > Jan 22, 2021 1:30 PM | Report Abuse Good news from TopGlove |
BountyOfTheBourse
1825 posts | Posted by BountyOfTheBourse > Jan 22, 2021 1:30 PM | Report Abuse TopGlove offering 9,000 jobs to Malaysians
https://www.thestar.com.my/business/business-news/2021/01/22/top-glove-launches-recruitment-drive-for-9000-employees |
BountyOfTheBourse
1825 posts | Posted by BountyOfTheBourse > Jan 22, 2021 1:30 PM | Report Abuse Hooray! |
BountyOfTheBourse
1825 posts | Posted by BountyOfTheBourse > Jan 22, 2021 1:30 PM | Report Abuse Yee haah! |
BountyOfTheBourse
1825 posts | Posted by BountyOfTheBourse > Jan 22, 2021 1:31 PM | Report Abuse Well done, TopGlove |
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copterbandito
6 posts | Posted by copterbandito > Jan 22, 2021 3:19 PM | Report Abuse Topglove kaki drinks too much latex till brain damaged and now post in wrong counter. |
Moon1668
63 posts | Posted by Moon1668 > Jan 22, 2021 4:16 PM | Report Abuse Drunk? or Short circuit?
Market is getting too stressful for some to handle.
Anyway, they have my sympathy. |
FlyingElephant
15 posts | Posted by FlyingElephant > Jan 22, 2021 4:36 PM | Report Abuse accumulate on weakness, sure win in 2 more years to come |
Tedinvestor
714 posts | Posted by Tedinvestor > Jan 22, 2021 5:31 PM | Report Abuse Just raised my holding to 151,900 units. Banking will recover by year end. |
WaterBlower
12 posts | Posted by WaterBlower > Jan 22, 2021 5:43 PM | Report Abuse Wow!! 150k units worth RM600k+ kaya Bang. Bang need some friends to talk to can look for me. I can chitchat anything just buy me some meal can edi. |
Gunplakk
91 posts | Posted by Gunplakk > Jan 22, 2021 7:27 PM | Report Abuse https://www.malaymail.com/news/malaysia/2021/01/22/fitch-solutions-says-bnm-too-optimistic-predicts-opr-to-drop-to-1.5pc-later/1942962 |
Gunplakk
91 posts | Posted by Gunplakk > Jan 22, 2021 7:27 PM | Report Abuse More down side risk over the horizon... Recovery is slightly delayed. |
752_michael_chan
470 posts | Posted by 752_michael_chan > Jan 22, 2021 9:29 PM | Report Abuse HLG has a TP of 4.35 for CIMB |
Tedinvestor
714 posts | Posted by Tedinvestor > Jan 22, 2021 10:00 PM | Report Abuse https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.thesundaily.my/business/earnings-outlook-for-malaysian-banks-intact-for-now-EN6249987&ved=0ahUKEwjaj6a62a_uAhWgxDgGHZu8BeEQxfQBCC4wAA&usg=AOvVaw0AHLURBWoFFaZyaLqxPPd7 |
