Highlights
KLSE: CIMB (1023)       CIMB GROUP HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
3.46   -0.13 (3.62%)  3.45 - 3.53  15,792,300
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Financials


Market Cap: 34,333 Million

Market Cap 34,333 Million
NOSH 9,923 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 17-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 17-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  31-Mar-2020 [#1]

Latest Quarter: 31-Mar-2020 [#1]
Announcement Date 22-May-2020
Next Quarter: 30-Jun-2020
Est. Ann. Date: 29-Aug-2020
Est. Ann. Due Date: 29-Aug-2020
QoQ | YoY   -40.15%  |    -57.39%

Annual (Unaudited) ( EPS: 45.95, P/E: 7.53 )

Revenue | NP to SH 17,795,879  |  4,559,656
RPS | P/RPS 179.34 Cent  |  1.93
EPS | P/E | EY 45.95 Cent  |  7.53  |  13.28%
DPS | DY | Payout % 25.79 Cent  |  7.45%  |  56.13%
NAPS | P/NAPS 5.62  |  0.62
YoY   -18.34%
NP Margin | ROE 25.03%  |  8.17%
F.Y. | Ann. Date 31-Dec-2019  |  28-Feb-2020

T4Q Result ( EPS: 39.06, P/E: 8.86 )

Revenue | NP to SH 17,772,762  |  3,875,539
RPS | P/RPS 179.11 Cent  |  1.93
EPS | P/E | EY 39.06 Cent  |  8.86  |  11.29%
DPS | DY | Payout % 25.57 Cent  |  7.39%  |  65.47%
NAPS | P/NAPS 5.51  |  0.63
QoQ | YoY   -15.00%  |    -29.15%
NP Margin | ROE 21.08%  |  7.09%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020

Annualized Result ( EPS: 20.47, P/E: 16.90 )

Revenue | NP to SH 16,572,116  |  2,031,700
RPS | P/RPS 167.01 Cent  |  2.07
EPS | P/E | EY 20.47 Cent  |  16.90  |  5.92%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -55.44%  |    -57.39%
NP Margin | ROE 12.04%  |  3.71%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
T4Q 22-May-2020 31-Mar-2020 1 17,772,762 5,085,678 3,746,257 3,875,539 2,537,140 54,696,383 65.47% 21.08% 7.09% 9,922,966 179.11 179.11 39.06 39.06 25.57 25.57 5.5121 5.51   -14.99% 31-Mar-2020 3.60 2.01 9.22 0.65 10.85% 7.10% 22-May-2020 3.47 1.94 8.88 0.63 11.26% 7.37%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 17,795,879 5,974,840 4,455,187 4,559,656 2,559,523 55,791,709 56.13% 25.03% 8.17% 9,844,322 180.77 179.34 46.98 45.95 26.00 25.79 5.6674 5.62   -18.34% 31-Dec-2019 5.15 2.85 11.12 0.91 8.99% 5.05% 28-Feb-2020 4.82 2.67 10.41 0.85 9.61% 5.39%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 17,381,968 7,200,667 5,663,353 5,583,510 2,378,157 51,096,139 42.59% 32.58% 10.93% 9,512,630 182.73 175.17 59.67 56.27 25.00 23.97 5.3714 5.15   24.77% 31-Dec-2018 5.71 3.12 9.73 1.06 10.28% 4.38% 28-Feb-2019 5.85 3.20 9.97 1.09 10.03% 4.27%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 17,626,496 6,109,985 4,607,966 4,475,175 2,287,062 47,841,687 51.11% 26.14% 9.35% 9,148,250 192.68 177.63 49.63 45.10 25.00 23.05 5.2296 4.82   25.56% 29-Dec-2017 6.54 3.39 13.37 1.25 7.48% 3.82% 28-Feb-2018 7.19 3.73 14.70 1.37 6.80% 3.48%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 16,065,255 4,884,144 3,632,957 3,564,190 1,765,183 45,091,606 49.53% 22.61% 7.90% 8,825,916 182.02 161.90 41.00 35.92 20.00 17.79 5.1090 4.54   25.08% 30-Dec-2016 4.51 2.48 11.17 0.88 8.95% 4.43% 28-Feb-2017 4.97 2.73 12.31 0.97 8.13% 4.02%
31-Dec-2015 25-Feb-2016 31-Dec-2015 4 15,395,790 3,913,993 2,895,945 2,849,509 1,186,589 40,767,812 41.64% 18.81% 6.99% 8,475,636 181.65 155.15 33.62 28.72 14.00 11.96 4.8100 4.11   -8.28% 31-Dec-2015 4.54 2.50 13.50 0.94 7.41% 3.08% 25-Feb-2016 4.25 2.34 12.64 0.88 7.91% 3.29%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 14,145,924 4,276,423 3,174,557 3,106,808 1,243,386 36,804,236 40.02% 22.44% 8.44% 8,289,242 170.65 142.56 37.48 31.31 15.00 12.53 4.4400 3.71   -31.57% 31-Dec-2014 5.56 3.26 14.83 1.25 6.74% 2.70% 27-Feb-2015 5.95 3.49 15.88 1.34 6.30% 2.52%
31-Dec-2013 25-Feb-2014 31-Dec-2013 4 14,671,835 5,849,229 4,608,822 4,540,403 1,803,441 29,678,805 39.72% 31.41% 15.30% 7,571,123 193.79 147.86 59.97 45.76 23.82 18.17 3.9200 2.99   4.50% 31-Dec-2013 7.62 3.93 12.71 1.94 7.87% 3.13% 25-Feb-2014 7.10 3.66 11.84 1.81 8.45% 3.35%
31-Dec-2012 25-Feb-2013 31-Dec-2012 4 13,494,825 5,638,311 4,396,807 4,344,776 1,739,398 28,419,595 40.03% 32.58% 15.29% 7,439,684 181.39 136.00 58.40 43.79 23.38 17.53 3.8200 2.86   7.79% 31-Dec-2012 7.63 4.21 13.07 2.00 7.65% 3.06% 25-Feb-2013 7.07 3.90 12.11 1.85 8.26% 3.31%
31-Dec-2011 27-Feb-2012 31-Dec-2011 4 12,122,029 5,179,729 4,074,326 4,030,798 1,635,212 26,089,067 40.57% 33.61% 15.45% 7,432,782 163.09 122.16 54.23 40.62 22.00 16.48 3.5100 2.63   15.14% 30-Dec-2011 7.44 4.56 13.72 2.12 7.29% 2.96% 27-Feb-2012 7.14 4.38 13.17 2.03 7.60% 3.08%
31-Dec-2010 25-Feb-2011 31-Dec-2010 4 11,878,203 4,626,717 3,669,887 3,500,803 1,873,946 22,490,238 53.53% 30.90% 15.57% 7,185,379 165.31 119.70 48.72 35.28 26.08 18.88 3.1300 2.27   24.73% 30-Dec-2010 8.50 5.14 17.45 2.72 5.73% 3.07% 25-Feb-2011 8.07 4.88 16.56 2.58 6.04% 3.23%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  15 people like this.
 
stkoay Posted by kinuxian > Jul 23, 2020 10:21 AM | Report Abuse

Surprisingly, Maybank IB research had high TP 4.45.

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Any link to the research report?

Thanks.
23/07/2020 5:09 PM
DeepValueInvestor https://www.youtube.com/watch?time_continue=1&v=R0pZLplmAxs&feature=emb_logo
23/07/2020 5:31 PM
stkoay Thanks for sharing, DeepValueInvestor.
23/07/2020 9:56 PM
DeepValueInvestor Warren Buffett just plowed $800 million into Bank of America, boosting his stake to over 11%

https://markets.businessinsider.com/news/stocks/warren-buffett-just-bought-800-million-bank-of-america-stock-2020-7-1029423425#:~:text=Warren%20Buffett%20just%20plowed%20%24800,his%20stake%20to%20over%2011%25&text=Warren%20Buffett%20shelled%20out%20more,of%20America%20stock%20this%20week.
23/07/2020 10:34 PM
Moon1668 Where are all the Shin ka, everyone so quiet today. How come?
24/07/2020 9:26 AM
Bao2lai Im the shin ka to lose money and promising leader to bring u to Holland.
24/07/2020 9:57 AM
choysun @Moon1668 What shin ka? Who did what and bring who to Holland? :p
25/07/2020 8:34 AM
Moon1668 No use pointing fingers, the shin ka in this forum are very fierce. Anyway, have to buy some popcorn to enjoy the forum.
Peace everybody.
27/07/2020 9:15 AM
Jason85 I still though Cimb will be rm3.30 again
28/07/2020 12:58 AM
andrewlow22 CIMB is an ED stock. ED = erectile dysfunction. 阳痿股
28/07/2020 7:02 AM
masterus As covid-19 moratorium nearly ended. How to do? Gold price is now very high. If holded gold, dump it for cash to rescue ourselves after covid-19 moratorium end.
28/07/2020 11:33 AM
mobidick The optimism is this discussion is too high in my opinion. Cimb revenue is projected to drop by around 3-4% and its profitability is also in high risk of double digit drop. Ending of moratorium is when we can really see how badly affected is the NPL. Im not holding my breath, Banks whole sector is re-rated downward but we can see some banks price recovering but not cimb, why?
28/07/2020 3:51 PM
DeepValueInvestor @mobidick
NPLs are expected to reach 1.7%-1.8% this year according to source 1, which is about the same as the NPL ratio in 2013. Lets assume it is worse than predicted (assume 2-3%), which is about the same ratio in 2011-2012.

Banks still functioned quite well at these ratios in the past. Average NPL for the world is 5.06% (source 2).

IMO, loan moratorium hurts banks the most (Instantly wipe out banks' interest income (main income, especially for commercial bank) for 6 months, so Q2 and Q3 financials are going to be very bad); NPL loss is too insignificant compared to moratorium. Once the moratorium is over, the banks' income (especially commercial) will normalise. IMO, this is the perfect opportunity to buy low and hold forever.

I cant deny that the share price might go lower when people see the Q2 and Q3 financials. However, I cant predict the direction in the short term. Buying every dip with my monthly income is my strategy. I am confident that once moratorium is over, banks' financials will normalise (Q4 financials will be spectacular when compared to Q2 and Q3)

https://www.theedgemarkets.com/article/sp-npls-rise-malaysian-banks-political-uncertainty-adds-covid19-blow#:~:text=KUALA%20LUMPUR%20(March%205)%3A,banks%20amid%20challenging%20operating%20conditions.&text=%E2%80%9CWe%20now%20expect%20NPLs%20to,%2C%202019%2C%E2%80%9D%20she%20said.

https://www.theglobaleconomy.com/Malaysia/nonperforming_loans/
28/07/2020 9:54 PM
fisherman11 Collect at drop and sell at rise or collect at drop and still collect at rise and sell even higher.

I agree with @DeepValueInvestor

At this price and lower, I am just going to keep accumulating.
29/07/2020 12:24 PM
kinuxian Bank get another hits on moratorium extension? Or targeted bank assistance.
https://www.nst.com.my/news/nation/2020/07/612440/pm-announce-loan-moratorium-extension-targeted-bank-assistance
29/07/2020 12:48 PM
limkokthye cimb tp 2.70
29/07/2020 1:18 PM
kinuxian SRR was reduced in exchange for 6 months loan moratorium. What will be in exchange for another extension if gov uturn? MFRS 9 waiver? that will be huge as it involve modification loss.

https://www.thestar.com.my/business/business-news/2020/07/21/banks-will-not-extend-moratorium
29/07/2020 1:48 PM
limkokthye keong gan liao, after pm announcement, cimb keong gan d
29/07/2020 2:20 PM
DeepValueInvestor @limkokthye, I concur. If pm extends moratorium, not only banks, whole Malaysia economy keong gan d. Because banks will no longer lend
29/07/2020 2:47 PM
kinuxian Just a clearer explanation on targeted bank assistance. Nothing surprise.
29/07/2020 3:11 PM
DeepValueInvestor Only targeted extension.
- Only the unemployed doesnt need to pay for another 3 months.
- Those who suffer reduction in salary will get reduction in loan repayment.

So in summary, most people will have to continue paying as 87% of the unemployed return to work already.
I was going to dump all shares if moratorium is to be extended. Now, can continue to collect safely.
29/07/2020 3:15 PM
kinuxian Its provide a lenient way out for bank avoid NPL shock by end of moratorium.
29/07/2020 3:32 PM
DeepValueInvestor @kinuxian, true. However, take a look at the past data. NPL really does not affect banks as much as the public thinks. Perfect timing to collect if you follow deep value investing approach: collecting undervalued stocks when no people are paying attention to the counter
-----------------------------------------------------------------------------------------------
NPLs are expected to reach 1.7%-1.8% this year according to source 1, which is about the same as the NPL ratio in 2013. Lets assume it is worse than predicted (assume 2-3%), which is about the same ratio in 2011-2012.

Banks still functioned quite well at these ratios in the past. Average NPL for the world is 5.06% (source 2).

IMO, loan moratorium hurts banks the most (Instantly wipe out banks' interest income (main income, especially for commercial bank) for 6 months, so Q2 and Q3 financials are going to be very bad); NPL loss is too insignificant compared to moratorium. Once the moratorium is over, the banks' income (especially commercial) will normalise. IMO, this is the perfect opportunity to buy low and hold forever.

I cant deny that the share price might go lower when people see the Q2 and Q3 financials. However, I cant predict the direction in the short term. Buying every dip with my monthly income is my strategy. I am confident that once moratorium is over, banks' financials will normalise (Q4 financials will be spectacular when compared to Q2 and Q3)

https://www.theedgemarkets.com/article/sp-npls-rise-malaysian-banks-po....

https://www.theglobaleconomy.com/Malaysia/nonperforming_loans/
29/07/2020 4:19 PM
kinuxian Moratorium is one-off and bad to book due to modification loss (MFRS 9). My view is so long the loan not turn sour become NPL, it's acceptable for long term holder as technically, bank still get back their money but in 6 months later. Bank do lose the liquidity (6m installment + interest) to lend but in return, BNM had compensate it with SRR reduction. That's my reading and correct me if I'm wrong.

However, if situation really bad and NPL spike let says by 5% (after Q2/Q3), Retail folks wouldn't know up front but big boy and insiders will take advantage again. The shock will trigger another round of panic sell and spiral downward and due to weak holder and margin call by IB.

If you old enough, you might appreciate a phrase - never says never.

In fact, I believe most retail folks already anticipated weak Q2 and Q3. Short term movement still by and large control by big boy, liquidity and market sentiment.
29/07/2020 5:54 PM
kyliew bank sector will bounce stronger in 2021.... just put invest
29/07/2020 7:33 PM
JacLow Need extend means many cannot pay. Waiting any opr drop.
29/07/2020 7:50 PM
kyliew Bursa Top 30, if u sort by 3-year past performance, CIMB, Genting, GenM are among those worst performed stocks. just buy and keep for 2-3 years and it will double in value.
29/07/2020 8:25 PM
PeterPan Just buy and walk away
29/07/2020 10:12 PM
aliyusof Kinuxian: your explanation above on effects of moratorium and related modification loss most rational and clear so far! Thanks
30/07/2020 5:29 AM
Plantermen Yesterday Muhyiddin {PM} targeted approach on loan extension come with strings of conditions unlike previous across the board. Impact will be very limited and only a few can qualified
30/07/2020 9:01 AM
masterus U.S. dollar is on edge of losing its position of world's reserve currency as inflation concern in the U.S. is growing. /Reuters
30/07/2020 12:15 PM
masterus Physical gold demand drops 11% in Q2 even with record ETF buying
Neils Christensen Neils Christensen
Thursday July 30, 2020 24:02
30/07/2020 1:30 PM
masterus BANGKOK, July 24 (The Nation/ANN): Like the situation in Laos, Thai gold shops are seeing a surge in customers after prices for the precious metal hit new highs of over Bt28,000 per baht weight for gold bar and over Bt28,500 per baht weight for gold ornament.

The record prices have sent people flocking to gold shops in Bangkok’s Yaowarat area to sell their jewellery and ornaments, the Gold Traders Association reports.
30/07/2020 1:32 PM
Jeffreyteck Still well supported, not bad.
30/07/2020 4:16 PM
RedEagle Modification Loss Impairment
30/07/2020 7:20 PM
investortrader88 https://www.theedgemarkets.com/article/snap-election-emerges-another-stock-market-theme
31/07/2020 12:06 PM
limkokthye tp 2.70
01/08/2020 12:20 AM
stockraider U will surprise that cimb will surge when close to qtr result despite of bad earnings loh...!!
01/08/2020 11:46 AM
CakapSohaiThings Jeffreyteck Still well supported, not bad.
________________________________

Someone was pushing it up. For the past 2 business days, about the 20% of the total daily volume was transacted at 4.50pm, forming 2 bottoming tail signal (dragonfly doji).
01/08/2020 9:56 PM
kyliew bank sector, no matter how, the country needs it. this bank doesn't belong at this price.
02/08/2020 2:23 PM
stockraider U need to understand digital bank loh...!!

A digital bank without the ability to manage & allocate the bank resources & lend prudently will not able to carry the bank far loh..!!

A digital bank...without the ability to risk manage & lend, are of no threat to traditional bank like CIMB mah....!!
02/08/2020 2:27 PM
freddiehero Apa itu.. no far different LA.. bank also digital bank, digital bank also bank MA.. aiya Apa sudah oh
02/08/2020 4:28 PM
IvanC Check back history, i post on early May, cimb no good. Glove counter still got 3 months trend. That time got die hard cimb fans attack me. haha.
03/08/2020 11:31 AM
alwayspositive knee jerk reaction due to the loan moratorium extension announcement.... sotong bank is one of the most undervalued right now
03/08/2020 11:59 AM
getingreal With the Govt. treating banks like charitable institutions to buy themselves votes, then sorry to say its time to run.
03/08/2020 12:46 PM
CakapSohaiThings @IvanC. Cant deny that the gloves' appreciation are way better than the banks (and the entire market) because people are selling all other counters to join the gloves hype, making a lot of the counters in the market significantly undervalued right now.

When the crocs are done distributing and when the retailers need to start paying loan after Sept 30, at the current prices, the gloves depreciation will be messy. At most, glove counters will only last for another 2 months.
03/08/2020 1:34 PM
Veloster ambank tp3.30
03/08/2020 1:57 PM
Veloster any price below 3.30 consider a good buy cheers :)
03/08/2020 1:58 PM
julian1981 TP2.7.shit counter, sell .
03/08/2020 3:46 PM
mobidick I think NPL around 5-6%. Any lower is far too optimistic. KLCI is also not moving because ppl is merely moving funds out of different counter and into gloves and healthcare related. You can see this happening by looking at utility and communication company. Kena shoot down really bad.
Pass 2 week indices are only green on 2 category healthcare and technology, others bright red.
Also dont be too fast to step aside npl, it can go really bad if banks force to consider it as impairment. God knows when can recover impairment for defaulted loan, presumably never.

I have no more holdings on cimb as of last month, but i will keep in watchlist because banks is primary growth indicator of economy but to anyone recommending to collect now, pls dont. Earning reduction is for sure for Q3 maybe even Q4, so down can go even lower, why would you recommend something so risky.
03/08/2020 5:32 PM