https://www.klsescreener.com/v2/news/view/496912

吉隆坡28日讯）联昌国际集团（CIMB Group Holdings Bhd）截至去年12月31日止2018财政年取得55亿8000万令吉的创纪录净利，较2017财年的44亿8000万令吉增长24.8%。

该集团今日向大马交易所报备，截至12月杪末季净利扬升2.8%至11亿2000万令吉，或每股11.67仙，同期报10亿6000万令吉，或每股11.57仙。

然而，全年的营业额从176亿3000万令吉，跌至173亿8000万令吉。

联昌国际建议派发每股12仙的第二个中期股息。

集团总执行长Tengku Datuk Seri Zafrul Aziz在文告中表示，2018财年表现卓著，得益于消费者与商业银行的强劲表现，以及拨备和成本降低。

“投资回酬率（ROE）提高至11.4%，而一级资本比率（CET1）升至12.6%，以及贷款损失费用改善至0.41%。”

与此同时，该银行集团指出，联昌国际回教银行2018财年的税前盈利按年增27.2%至10亿3000万令吉，主要受助于资产负债表稳健增长推动营运收入强劲增长21.1%。

总融资资产年增22.8%至710亿令吉，占集团总贷款的20.5%。

存款总额（包括投资账户）按年扬18.5%，达780亿令吉。

展望未来，Tengku Zafrul表示，联昌国际对2019年仍持谨慎态度，因外围阻力持续。

“全球经济和政治发展将对我们的市场产生影响。此外，我们也在密切关注印尼和泰国的大选和政治局势。尽管存在这些不确定因素，我们预计东盟的增长将保持强劲。”

“联昌国际现正处于转型发展阶段，我们有信心，Forward23的5年策略计划将会把我们带往可持续发展的道路，重点是提升客户和社会的利益。

Nmmmm

CIMB 4Q net profit up at RM1.12b from RM1.06b a year earlier

AirAsia Group 4Q net loss at RM395m versus RM373m net profit a year earlier

2

Hahaha

Too high div given prevent company growth

Clash Over US$2b of debt at Singapore's Hyflux heats up
Read more at https://www.thestar.com.my/business/business-news/2019/02/27/clash-over-us$2b-of-debt-at-singapores-hyflux-heats-up/#Ve6WzEdRygoqw9Th.99

Hm... My question was easy wait to buy or buy and wait. The reason was why must preferred good div? Waiting for the spike and on same time take some pocket money= can buy マクドナルド (makudonarudo)

IT will be even tougher for banks to grow revenue this year given expectations of slower loan growth, ongoing pressure on margins and volatile capital markets, say bankers and analysts.

A trend of declining revenues has been evident since the second quarter of last year.

“Market challenges will remain; however, the framework of base rates based on banks’ cost of funds will help mitigate the impact of margin compression,” says RHB Bank Bhd group managing director Datuk Khairussaleh Ramli.

This, however, does not mean that banks can simply raise their base rates, he adds.

“The base rate is formula-driven and it can be adjusted within a certain range, depending on their [banks’] respective cost of funds. It is reflective of increased funding cost,” he tells The Edge.

In recent months, Hong Leong Bank Bhd, CIMB Bank Bhd, Bank Islam Malaysia Bhd and Bank Muamalat Malaysia Bhd have raised their respective base rates by 10 to 13 basis points. In Malaysia, the base rate is the main reference rate for pricing retail loans like mortgages.

Maybank Investment Bank Research, in a Feb 4 report on the banking sector, says it would not be surprised if more banks opted to raise their base rates as funding costs rise.

One of the reasons funding costs have gone up is because of the stiff competition for deposits in recent months. Banks have been offering highly competitive rates to shore up retail deposits as a means to fund their lending, but this also takes a toll on their margins.

Hence, despite there being a decent expansion in loans last year — loans grew 5.6%, their fastest pace in three years — net interest margin (NIM) trended downward. This year, loan growth is expected to slow to about 5%, analysts say.

Khairussaleh says banks will increasingly look towards fee income to make up for slower revenue from loans. Wealth management is one area that is growing in importance.

“Increasingly, banks need to focus on growing fee income. Banks need to harness diversified revenue streams that go beyond just loans. My view is that there will be growing penetration into the wealth management segment as this holds high growth pontential in Malaysia. For us at RHB, we are driving wealth management among small and medium enterprises,” he says.

He also voiced hope that capital markets would become more active again, enabling banks to derive fees from capital market-related activities such as initial public offerings (IPOs).

“It was a tough year for capital markets last year. For this year, based on recent reports, at least two major IPOs are expected to take place. Hopefully, there will be more such opportunities over the coming months,” he says. The two big IPOs he was referring to are that of QSR Brands (M) Holdings Bhd and Leong Hup International Bhd.

Analysts say that slower revenues pose one of the biggest headaches for banks now.

The revenue of public-listed banks fell 0.8% year-on-year (y-o-y) in 3Q2018, the second consecutive quarter of decline. The lower revenue was the main drag on banks’ core net profit growth, which stood at a mere 2% y-o-y compared with 6.3% in 2Q2018.

It was mainly lower costs and loan loss provisions that helped prop up net profit.

Banks have yet to release their 4Q2018 financial results, but the general expectation is that revenues would have declined for the third consecutive quarter. The reporting season for the sector will kick off with Public Bank Bhd’s results this week.

“Two consecutive quarters of declines in revenue underscore the difficulties banks face in expanding their top-line. What is even more discouraging is the fact that we do not expect the situation to improve significantly this year,” says CIMB Research in a Dec 12 report.

It expects competition for deposits will remain stiff this year, as banks will have to attract deposits to meet possible new requirements imposed by Bank Negara Malaysia for net stable funding ratio (NSFR), earliest by 2020.

“This will continue to exert downward pressure on banks’ margin and limit the recovery in the growth of net interest income this year,” it notes.

Last year, one the main reasons some banks shored up their deposits was to raise their NSFR — a key liquidity measure that prioritises long-term stable funding — ahead of this year’s expected adoption deadline. However, last November, BNM announced that it was extending the NSFR observation period for another year to 2020.

CIMB Research notes that catalysts for growth in banks’ fee income — another avenue of revenue — are also lacking this year.

“In light of [potentially] weaker economic growth this year, we think that expansion in banks’ fee income, primarily income from trade finance, treasuries and insurance could remain subdued,” it says.

In 3Q2018, banks’ net interest income — revenue from their customers’ loan payments minus what is paid out to depositors — slid 2.2% y-o-y, weighed down by margin contraction arising from the stiff competition in deposits. Non-interest in

KUALA LUMPUR (Feb 26): Hong Leong Bank Bhd expects to achieve loan growth of more than 5% for financial year ending June 30, 2019 (FY19), mainly driven by the retail and business banking segments.

"If the momentum continues as (we have seen in) January and February, so far it looks quite good, thus we should do better than 5% (loan growth for FY19)," Hong Leong Bank group managing director and chief executive officer Domenic Fuda said here today at a media briefing to announce the group’s 2QFY19 and 1HFY19 financial results.

Earlier, Hong Leong Bank said in a statement to Bursa Malaysia that the bank's 2QFY19 net profit rose to RM687.25 million from RM683.07 million a year earlier, while revenue fell to RM1.14 billion from RM1.23 billion.

For 1HFY19, Hong Leong Bank said cumulative net profit climbed to RM1.39 billion from RM1.32 billion a year earlier, while revenue was lower at RM2.39 billion versus RM2.41 billion.

"Net interest income came in lower at RM1,716 million (RM1.72 billion) against the corresponding period in the previous year, underpinned mainly by rising funding cost from deposit competition during the period under review.

"Gross loans, advances and financing grew 4.8% y-o-y to RM131.6 billion, on the back of cautious business sentiments and a challenging economic environment. Overall loan growth was predominantly driven by expansion in our mortgages and domestic business segments, as well as overseas operations," Hong Leong Bank said

@onlyinvestment yes u r right put in ur money here bcos cimb was the most safer counter to prevent loses!

@amerda lol

The green may be good result fr Maybank!

KUALA LUMPUR: Hong Leong Financial Group recorded a 3.8% increase in net profit to RM987.24mil for the first half of FY19 ended Dec 31, 2018, on the back of flattish revenue of RM2.63bil.

According to the group, efforts to drive its Islamic financial services came to fruition with net income from the Islamic banking and Takaful businesses growing 8.3% to RM371.6mil year-on-year.


Non-interest income increased 4.9% to RM894.7mil, due mainly to higher net income from the insurance business, and better unit trust and asset management income, it said.

\"Despite a challenging business environment, we are pleased to record a steady first half financial result from our core businesses,\" said Tan Kong Khoon, Hong Leong Financial Group president and CEO.

\"The Group continues to show strong key balance sheet and liquidity risk metrics. We have a clear and focused business and digital strategy, where we will continue to execute diligently to build long-term sustainable value for our shareholders.”

The group's commercial banking business recorded profit after tax of RM1.39bil, a 5.5% increase over the year-ago period due to a healthy expansion in its loan books, improving asset quality metrics as well as solid contributions from associates.

Non-interest income for the period rose 7.9% y-o-y to RM674.9mil, representing a higher non-interest income ratio of 28.2% on stable fee income contributions, improved forex gains and the divestment of a joint venture.

In the insurance segment, HLA Holdings Sdn Bhd recorded a pretax profit of RM140.9mil in 1HFY19, 7.6% lower y-o-y due to lower premium and equity market volatilities.

According to the group, it continues to make good progress in growing non participating and investment link new business premiums at over 90% of new business premiums.

\"This is important to our efforts to create higher new business embedded value in the current business environment,\" it said.

\"The focus remains on growing and improving the quality of HLA’s premium base, increasing profitability drivers as well as growth across multiple distribution channels.\"

Meanwhile, the investment banking division under Hong Leong Capital Bhd, recorded a pretax profit of RM37.5mil in 1HFY19, maintaining last year’s profit

Hong leong not bad results

Tommorow

CIMB Group Holdings Bhd
(Feb 25, RM5.84)
Maintain buy with a target price (TP) of RM6.70: We lower our financial year 2019-2020 (estimate) (FY19-20E) net profit forecasts for CIMB Niaga Tbk (Niaga) by 8% respectively to factor in lower net interest margin (NIM) assumptions.

The impact on CIMB Group’s earnings is about -2% and our forecasts for the group are maintained pending the release of its FY18 results on Feb 28.

Positively though, credit costs have come in better-than-expected and should continue to improve, thus providing support to CIMB Niaga’s overall earnings.

CIMB Niaga’s fourth quarter of 2018 (4QFY18) core net profit of 890 billion rupiah (+8% year-on-year [y-o-y] and 0% quarter-on-quarter) took FY18 core net profit to 3.48 trillion rupiah (+17% y-o-y).

The results are within expectations at 96% of our full-year forecast.

FY18 operating profit declined 4% y-o-y as net interest income contracted amid muted loan growth of 2% y-o-y and a 62 basis points (bps) y-o-y compression in NIM.

This negated a 14% y-o-y increase in NIM. Credit costs, however, improved to 163bps in FY18 from 226bps in FY17, to support the 17% y-o-y growth in net profit.

Looking to FY19, the management targets mid-single-digit loan growth of 5% and while it does expect NIM pressure to persist, the goal is to hold the margin above it as long as possible.

As the bank continues to invest in digital initiatives, the expenses are expected to expand at a rate of about 5-6% per annum moving forward. A mitigating factor to these cost pressures is that credit costs are expected to remain stable if not improve, and the target is to take credit costs below 150bps.

Therefore, we are lowering our FY19 and FY20 earnings forecasts for CIMB Niaga by 8% respectively, taking into account lower NIM assumptions (5.09% in FY19 versus 5.12% in FY18). The expected impact on CIMB Group’s earnings is -2% in FY19/20 — our forecasts for CIMB Group are maintained for now. — Maybank IB Research, Feb 21

.

Today qr announcement..

https://www.klsescreener.com/v2/news/view/493572

Guan Eng upbeat on economy after January CPI data, more jobs created | https://www.klsescreener.com/v2/news/view/493578

https://www.thestar.com.my/business/business-news/2019/02/22/cimb-investment-bank-ceo-to-retire-next-month/

KUALA LUMPUR (Feb 18): The Malaysian economy as measured by gross domestic product (GDP) is to remain on a sturdy growth path in 2019, despite challenging market conditions, according to Permodalan Nasional Bhd (PNB) chairman Tan Sri Dr Zeti Akhtar Aziz.

Zeti, who was former Bank Negara Malaysia (BNM) governor, said the country's 2019 GDP growth “should be as good, if not better”.

“Well, I’ve always said a growth between 4% to 6% is a sturdy growth path. So Malaysia, still, despite very challenging environment, remains on sturdy growth path.

“The outlook will be presented by all the investment houses, as well as [an] official one by the central bank and the Ministry of Finance, so you will have to wait for their projection; I do not want to pre-empt,” Zeti told reporters on the sidelines of the Nomura Islamic Asset Management Malaysia's 10th anniversary conference here today.

On Thursday (Feb 14), theedgemarkets.com, quoting BNM, reported Malaysia's GDP grew 4.7% in the fourth quarter of 2018 from a year earlier, as private sector activity remained the main driver of growth, while a rebound in exports of goods and services contributed towards net export growth. BNM said full-year 2018 GDP growth stood at 4.7%.

Today, Zeti also fielded reporters' questions on PNB. Zeti said she is confident that the Malaysian government-owned fund manager will achieve a sustainable return in 2019.

“Investment is all about diversification and the idea is to achieve a sustainable return. I have full confidence in the PNB team, that they will give their best effort to achieve such sustainable return,” Zeti said

GIVEN a host of challenges at home and abroad, banking sector loans are expected to grow at a slower pace of about 5% this year after expanding 5.6% last year, their fastest pace in three years.

Bank Negara Malaysia’s latest monthly statistics show that outstanding loans in the banking system stood at RM1.67 trillion as at Dec 31, 2018, a 5.6% increase over 2017.

This was the fastest pace since 2015 when loans expanded 7.9%, following growth of 4.1% in 2017 and 5.3% in 2016.

Household and business loans saw a pick-up last year, expanding 5.6% (2017: 5.1%) and 5.7% (2.9%) respectively.

However, analysts are unanimous in their view that the pace of overall loan growth will moderate this year, a poll by The Edge found. The seven banking analysts polled had growth projection ranging from 4.7% to 5.1%.

The projections come amid divided views on whether the pace of economic growth will be slightly faster, slower, or on a par with last year’s.

The government’s forecast gross domestic product growth of 4.9% for the year is only marginally higher than the estimated 4.8% expansion last year, but markedly below the 5.9% recorded in 2017.

Bank Negara Malaysia is expected to announce 2018 GDP growth on Thursday.

“We see headwinds for banks’ loan growth in 2019, arising from slower economic growth and US-China trade tensions. As such, we are projecting slower loan growth of about 5% for 2019,” says CIMB Research.

The recent weak loan application trends already point to the likelihood of slower loans.

“We expect measured loan growth in 2019 of 5%, given slower growth in loan applications and approvals through 2018 (+2% and 5% respectively) compared to the previous year (+5% and +10%). Retail loans, notably residential mortgages which are still growing at around 8%, albeit moderating, will nevertheless still support the industry,” says AllianceDBS Research.

Meanwhile, analysts expect the industry’s asset quality to remain stable, but are nevertheless keeping a close eye on banks’ loan exposure to the oil and gas, commercial properties and construction sectors.

The industry’s gross impaired loan (GIL) ratio improved to 1.45% as at December 2018, from 1.49% in November and 1.53% in December 2017.

The asset quality indicator appears to be defying the odds for now, says CIMB Research. “However, we expect the GIL ratio to rise to 1.8% at end-2019, in light of the slower economic growth and headwinds from the US-China trade tensions,” it says in a Feb 1 report on the sector.

“What we would monitor would be asset quality in housing and commercial property whereby in absolute terms, housing GILs rose 10% year on year at end-2018 while non-residential property GIL rose 23% y-o-y,” says Maybank Investment Bank Research.


All eyes on mortgages

All eyes will be monitoring mortgage growth trends closely, given that the segment makes up the biggest portion of banking sector loans.

Of the RM1.67 trillion outstanding loans as at end-December, mortgages accounted for 33.4% followed by working capital (23.4%) and non-residential property (13%).

“While mortgage loan growth has yet to see the ill effects of the property market downturn, the growth pace has been slowing over the past three years. We think near-term mortgage growth is anticipated to remain relatively high, but the effects of the negative property market will kick in eventually,” AllianceDBS opines.

Other analysts, too, believe that mortgages, non-residential property and automotive loans — the three main segments of household lending — are likely to remain soft this year. Last year, growth in these three segments slowed to 7.6% (2017: 8.9%), 2% (2.1%) and 0.1% (0.9%) respectively.

Interestingly, there was a higher pace of growth in personal loans and share margin financing last year, at 7.8% (2017: 4.1%) and 7.1% (0.9%) respectively.

Meanwhile, growth in working capital loans — the main segment within business lending — stood at a higher 5.5% last year compared with just 0.9% in 2017. However, weaker applications for working loans point to slower growth this year. On a three-month moving average basis, working capital loan applications contracted by 18.5% y-o-y in December 2018, the fifth consecutive month of contraction.

On the same basis, mortgage applications were flat at 0.6% y-o-y in December, having contracted 2.3% in November. Approvals, however, rose 4.2% y-o-y compared with 3.6% in November. The average approval rate was stable at 46%.


Higher base rates?

An interesting point to note from the latest Bank Negara banking statistics is that growth in CASA (current account and savings account) has trailed that of overall deposits.

Some analysts say they would not be surprised if more banks raised their base rate, a move that would make loans more expensive for borrowers.

“That total deposit growth of 7.8% y-o-y is outpacing loan growth of 5.6% y-o-y points to ample liquidity in the banking system. However, CASA growth has trailed overall deposi

https://www.cnbc.com/2019/02/15/reuters-america-asia-distillates-gasoil-cracks-surge-to-highest-in-2-12-months.html

Liao... Cimv downgrade airasia to 1.80
Walaueh...

Habis CNY datang LG, hahaha
But I top up on others not ewint, paisey

THE Edge Media Group chairman Tong Kooi Ong has gifted whistle-blower Xavier Andre Justo RM8.2 million (US$2 million) for his help in exposing wrong-doings at 1Malaysia Development Bhd (1MDB).

Justo, his wife Laura and four-year-old son Zander visited The Edge Media Group’s office in Petaling Jaya, Selangor, on Jan 31, where they met Tong and group publisher and CEO Ho Kay Tat.

“The gift to Justo is in appreciation of his contribution to Malaysia in helping to expose the kleptocracy of the past government,” said Tong. “Without him, the wrongdoings involving 1MDB, as exposed by The Edge, would not have come to light.”

The exposés that started in March 2015 led to a global investigation in the US, Switzerland and Singapore that revealed that as much as US$6.5 billion belonging to 1MDB had been stolen. The US Department of Justice described it as the largest case of kleptocracy it had ever uncovered.

Justo paid a heavy price for providing information to The Edge as well as Sarawak Report, which showed billions were stolen from 1MDB under the guise of a joint venture with PetroSaudi International between 2009 and 2011.

Justo was arrested in June 2015 on blackmail charges, paraded in front of selected media in Bangkok as if he was a hardcore criminal, and then incarcerated in a Thai prison for 18 months.

“His family was harassed and intimidated while he was languishing in jail. No one should have to go through what he had to endure for helping to reveal the truth,” said Tong. “On behalf of all Malaysians, I would like to say thank you to him and his family.”

Tong said: “I would also like to add that Justo has confirmed to me that the accusation that he stole the data is untrue. My lawyers had tried to reach PetroSaudi on their past claims and they had chosen repeatedly not to respond.”

Justo expressed his appreciation for the gesture by Tong.

“I would like to say thank you to Tong. The gift from him will go a long way in helping me and my family rebuild our lives,” he said. “I take comfort (from the fact) that I have not suffered in vain. Malaysians got to learn the truth (about 1MDB) and I eventually got my freedom back.”

https://www.klsescreener.com/v2/news/view/490192

https://www.klsescreener.com/v2/news/view/490152

KUALA LUMPUR (Feb 14): Malaysia's current account surplus grew to RM10.8 billion (US$2.7 billion) in the fourth quarter from RM3.8 billion in the previous three months, the government said on Thursday.

Portfolio investment saw a net outflow of RM5.8 billion, compared with a revised net inflow of RM0.8 billion in the third quarter of 2018.

(US$1 = RM4.0640)

Happy happy happy bcos of you!

https://www.klsescreener.com/v2/news/view/490138

Above forecast

https://www.klsescreener.com/v2/news/view/489972

pension funds, two of the sources told Reuters.

KUALA LUMPUR/SINGAPORE: Malaysian sovereign wealth fund Khazanah Nasional will unveil a plan this month to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence in spots such as London, sources told Reuters.

Can but

Ter.... Baai..i..i..k...!

KUALA LUMPUR (Feb 13): RHB Bank Bhd’s recently-launched US$300 million senior unsecured notes, which is the third issuance under its US$5 billion Euro Medium Term Note (EMTN) programme, has been oversubscribed by six times.

“The order book at the final price guidance stood at over US$1.8 billion,” RHB said in a statement today.

This has allowed the bank to tighten the credit spread for the notes to offer a yield of 3.766% per annum, which is 128 basis points over the 2.49% yield of five-year US Treasury notes, it added.

“(This) represents the tightest credit spread for Southeast Asia and South Asia issuances year to date,” RHB said.

The bank expects to complete the issuance of the senior notes by Feb 19. They will be listed on the Singaporean stock exchange and and Labuan International Financial Exchange Inc.

The senior notes are rated A3 by Moody’s Investors Service Inc, RHB noted.

The bank said that it would use the net proceeds from the issuance for general working capital purposes.

RHB had earlier issued US$300 million worth of senior notes in September 2014 as the first issuance under the EMTN programme. It later completed its second issuance of US$500 million senior notes in October 2016.

Yes today collect some

Sabah...

Or matured already?

Habis, today cimb up 1.04% 6sen 5.82
Takaful up 7se 1.58% to 4.50
Ambank still change tyre on the road side?

https://www.klsescreener.com/v2/news/view/489254

Bank Negara Malaysia's international reserves rose US$400mil to US$102.1bil as at Jan 31, 2019 compared with US$101.70bil on Jan 15.
Bank Negara Malaysia's international reserves rose US$400mil to US$102.1bil as at Jan 31, 2019 compared with US$101.70bil on Jan 15.

KUALA LUMPUR: Bank Negara Malaysia'

RX350 Go buy beli sai, only 0.005 sen
30/01/2019 12:37


Lol

@kyy Mr. Robin lim was in dgsb, lol

Lucky dgsb got ROBIN LIM

I just called the tnb and said dgsb sub contaract pasang wayar fr micro to underground cable. Talik dari kl and then to undersea bed till London, hohoho

Buy buy buy

Wo?

Lai liao, lai liao

Where uncle lim? He said this one pasang wayar no hope qo?