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Overview
Financial Highlight
HeadlinesBusiness Background CIMB Group Holdings Bhd is a full-service bank based primarily in Malaysia and other Association of Southeast Asian Nations. The bank’s offerings include consumer banking, commercial banking, investment banking, Islamic banking, and asset management products and services. Most of the bank’s income is derived from net interest income. The vast majority of the bank’s earning assets are in loans, advances, and financing, while its portfolio of financial investments constitutes the next largest portion. The bank’s strategy emphasizes cost control and digital banking.
  Jeffreyteck Unlikely fall below 3 next week amid many supporters. Q3 & Q4 unlikely to be good. Priced in? Buy. Not yet, save $. 16/10/2020 5:56 PM kens88 prefer below 3. all banks no give dividend. see how public bank price falls 17/10/2020 11:32 AM  foongkitmun allocation of NPL will be greater without vaccines...... really shit!!! 17/10/2020 11:59 AM alfred Having high-profile predecessors at CIMB Group Holdings Bhd — one now the country’s finance minister, another the younger brother of a former prime minister — may have made the job a tad harder for Datuk Abdul Rahman Ahmad.Taking on the position of group chief executive officer (CEO)/executive director of CIMB in the midst of a weak economy made worse by the relentless Covid-19 pandemic, how will he steer the country’s second largest banking group through this perfect storm? 17/10/2020 4:58 PM alfred In his first media interview as CIMB's group CEO, Abdul Rahman, who is new to banking, believes he will bring a fresh perspective to CIMB by “looking at the bank with different lens”.He is quick to admit that the learning curve is steep, yet he feels privileged to be given the opportunity to head the banking group. His key focus over the next four years is to deliver and create value for shareholders. For a financial institution like CIMB, he believes that if there is a metric that determines shareholder value, it would be the return on equity (ROE). 17/10/2020 5:43 PM alfred Abdul Rahman also sheds light on CIMB’s refined medium-term plan, now labelled Forward23+. He is a strong believer in having continuity within an organisation.Part of the plan includes eyeing opportunities amid the crisis, such as in the wealth management segment and technology. With so many things at play and clouded by prolonged uncertainty, how will Abdul Rahman lead CIMB through these times? 17/10/2020 5:44 PM stocktrade101 it is going to be a long learning process for him and will take a long time to revive CIMB. 17/10/2020 7:20 PM Dontbullshit You would be surprised later as most of the SME, house loan car loan lenders are able to pay back the loan :) 18/10/2020 11:22 AM foongkitmun hopefully the worst is over.... vaccines is around the corner.... I am looking at below 3.... 18/10/2020 11:38 AM aliyusof https://www.theedgemarkets.com/article/bnm-identifies-maybank-cimb-public-bank-domestic-systematically-important-banks These 3 big banks too big to fail .. Any one fail....rock financial system of country 18/10/2020 3:45 PM PH_better MOH wants tighter conditional MCO as cases continue to rise https://www.malaysiakini.com/news/547081 18/10/2020 8:21 PM  mobidick Banks are gathering data on their projected NPL growth, once that is cleared only then will they plan on mitigation if needed. We wont know of any dangerous signs at least until Q4 is over. It will continue on downtrend or sideways until december. I also dont see how the upcoming us election going to affect bursa, if trump wins fed continue current monetary policy, if biden wins it will also continue because democrats are pro-business + relations with china start healing. There will also not be another blanket lockdown with 100% certainty, only statewide lockdown. So economic recovery will begin soon. 19/10/2020 4:59 PM Loy Loy Cheong If you are planning to invest, the price is now at record low and good time to get in. If you are speculating, wait for vaccine for covid announcement and some speculative play from rubber glove will shift over to the financials. Don't expect to buy now and earn fast money, not going to happen. 19/10/2020 5:24 PM WarrenPuffet Think of Covid as a good experience for human. Human only can grow more competitively when facing under extreme condition and this is how human survived many countless situation. This pandemic will makes human better. 20/10/2020 8:13 AM masterus Long bets on Taiwan dollar, South Korean won hit over 2½-year high Taiwan's dollar, Asia's best performer so far this year as demand for laptops and other gadgets among people working from home during the Covid-19 pandemic spurs the tech-heavy economy, saw bullish bets jump to their highest since January 2018. South Korea's won has been propped up by rising exports while the central bank has kept its policy rate at a historic low and reiterated an accommodative monetary stance. 20/10/2020 9:45 AM  Alfonso Unfortunately our politician will learn nothing from this pandemic, there are purely looking for their own interest only. 20/10/2020 2:20 PM Alfonso This sotong keep wandering around 3.04-3.10, very high possibility will drop below to 3 with current situation of covid19 20/10/2020 3:51 PM zerocool7199 https://www.theedgemarkets.com/article/cgscimb-reiterates-overweight-call-banking-sector 20/10/2020 7:25 PM masterus CFETS RMB Index CFETS RMB Index mainly refers to CFETS (China Foreign Exchange Trade System) currency basket, including CNY versus FX currency pair listed on CFETS. The sample currency weights are calculated by international trade weight with adjustments of re-export trade factors. The sample currency value refers to the daily CNY Central Parity Rate and CNY reference rate. The baseline date is 31th Dec 2014. The baseline index value is 100 points. The index is calculated by the geometric mean method. 21/10/2020 7:38 AM masterus http://www.chinamoney.com.cn/english/svcnrl/20191231/1496897.html#:~:text=CFETS%20RMB%20Index,of%20re%2Dexport%20trade%20factors. 21/10/2020 7:39 AM nasi555 stupid management get hit by AAX. No such rubbish from Public or Hong Leong Bank. 21/10/2020 9:54 AM jonathanchee gloves counter down, the "safe heaven" bank sector also like half dead, especially this sotong, really no hope. will go down below 3 soon, should not enter now 21/10/2020 5:51 PM jonathanchee many people around me asking abt sotong can enter or not and so eager to buy sotong. good luck to them high chance to buy burnt charcoal sotong 21/10/2020 5:53 PM masterus October 21, 2020 11:26 am by Hudson Lockett in Hong Kong China’s renminbi has hit its strongest level in more than two years, fuelling expectations Beijing will move to arrest the appreciation in the currency prompted by the country's robust recovery from the coronavirus crisis. The renminbi gained as much as 0.5 per cent to Rmb6.64 against the dollar in trade within mainland China on Wednesday, marking its highest level in relation to the buck since July 2018. The onshore exchange rate has gained 4.7 per cent this year, while the less-regulated offshore renminbi rate is up 4.9 per cent. 22/10/2020 6:57 AM masterus China GDP: economy grew by 4.9 per cent in third quarter of 2020 China’s growth picks up from 3.2 per cent in the second quarter and a contraction of 6.8 per cent in the first quarter of 2020 Industrial production and retail sales grew by 6.9 per cent and 3.3 per cent respectively from a year earlier as investment turned positive for the first time this year Topic | China GDP Orange Wang Orange Wang Published: 10:00am, 19 Oct, 2020 Updated: 7:42pm, 19 Oct, 2020 22/10/2020 7:13 AM Alfonso nevertheless sotong is now very cheap but if the sotong going to lelong more, y not wait for while? 22/10/2020 8:48 AM Keyman188 What happening for Cimb !!!...... Why Bluechip become RedChip....kekeke...... Why Bluechip become Blue-Shit......kekeke...... Time to wake up lorr.... No more traditional bluechip liao...... No matter local or foreign institutions....all swift their funds to more defensive stocks not affected by pandemic & political uncertainty... Wake up lorrr............ 22/10/2020 10:57 AM Keyman188 别人笑我太疯癫 我笑他人看不出穿 People laugh at me too crazy I laugh at others can’t see thoroughly kekeke...kekeke...kekeke... 22/10/2020 11:29 AM lomas 财经新闻 泰国联昌第三季净利猛跌77% 2020年10月22日 https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%B3%B0%E5%9B%BD%E8%81%94%E6%98%8C%E7%AC%AC%E4%B8%89%E5%AD%A3%E5%87%80%E5%88%A9%E7%8C%9B%E8%B7%8C77 22/10/2020 12:20 PM jonathanchee it is cheap but frankly speaking it is stupid to buy sotong now. obviously it is going to drop more continuous for months even years 22/10/2020 4:21 PM Alfonso years only if covid will last for years, once there are vaccine, this sotong will boom up at least 5% 22/10/2020 4:24 PM zerocool7199 https://www.theedgemarkets.com/article/dosm-expects-malaysias-economic-recovery-continue 22/10/2020 9:09 PM Alfonso If sotong kering down to 2 ringgit, we need to say goodbye to M'sia already 23/10/2020 4:47 PM aliyusof Ikan bilis keep on shouting and dreaming RM2...save your breath lah. No way we are as small investors can move or influence its share price. 24/10/2020 4:31 PM yfchong Mr Octopus..........when r u going to show your 8 tentacles to all the audience.... 24/10/2020 5:37 PM  | |
