Posted by shortinvestor77 > 2017-08-03 10:47 | Report Abuse

http://www.klsescreener.com/v2/news/view/263329

Posted by shortinvestor77 > 2017-08-03 10:49 | Report Abuse

KUALA LUMPUR: Maybank Investment Bank Research has upgraded CIMB Group Holdings Bhd to a “buy” with a higher target price of RM7.50 from RM7 previously.


“Maybank said it has raised CIMB’s earnings after taking into consideration its recent upgrade of CIMB Niaga’s earnings forecasts and improved credit costs for CIMB Group into FY18.


“We have marginally raised CIMB Group’s FY17/FY18 earnings by 1%/3%, with revised ROEs of 9.6% and 10.6% respectively (9.5% and 10.2% previously),” it said.


“Our target price is raised to RM7.50 on a higher 2018 PBV peg of 1.3 times and we upgrade the stock to ‘buy’ - what differentiates CIMB is the expected expansion in its ROEs into FY18, versus a step-down in average ROEs to 12.2% in 2018 from 12.6% in 2017, for its peers,” Maybank said.


The research house said following the upward revision in earnings, its ROE forecasts are in line with management’s guidance of 9.5% for FY17 and at the lower end of management’s 10.5-11% target for FY18.


“Our key assumptions into FY18 include stable net interest margins, a cost/income ratio of 50.4% and credit costs of 58 basis points versus 65 basis points in FY17, which would be about in line with management’s estimates,” Maybank added.


It said the domestic corporate loan pipeline remained healthy and positively, there had been increased financing demand from non-government related corporates for capex, which does point to improved business sentiment.


“All in, though, loan growth for the year is likely to fall short of management’s 7% target, but the compensating factors here are that NIM should hold up better than expected, NOII should improve in 2H17, costs are under control and asset quality is stable,” Maybank said.


Meanwhile, Maybank said the MFRS9 impact were to be manageable. It said Day 1 impact to CIMB’s CET1 ratio was estimated to be about 50 basis points, which was manageable.


“Taking this into consideration, management continues to aim for a CET1 ratio of 12% in 2018 versus 11.3% end- 2016, which could be partly supported by asset sales,” it added.



KUALA LUMPUR: Maybank Investment Bank Research has upgraded CIMB Group Holdings Bhd to a “buy” with a higher target price of RM7.50 from RM7 previously.


“Maybank said it has raised CIMB’s earnings after taking into consideration its recent upgrade of CIMB Niaga’s earnings forecasts and improved credit costs for CIMB Group into FY18.


“We have marginally raised CIMB Group’s FY17/FY18 earnings by 1%/3%, with revised ROEs of 9.6% and 10.6% respectively (9.5% and 10.2% previously),” it said.


“Our target price is raised to RM7.50 on a higher 2018 PBV peg of 1.3 times and we upgrade the stock to ‘buy’ - what differentiates CIMB is the expected expansion in its ROEs into FY18, versus a step-down in average ROEs to 12.2% in 2018 from 12.6% in 2017, for its peers,” Maybank said.


The research house said following the upward revision in earnings, its ROE forecasts are in line with management’s guidance of 9.5% for FY17 and at the lower end of management’s 10.5-11% target for FY18.


“Our key assumptions into FY18 include stable net interest margins, a cost/income ratio of 50.4% and credit costs of 58 basis points versus 65 basis points in FY17, which would be about in line with management’s estimates,” Maybank added.


It said the domestic corporate loan pipeline remained healthy and positively, there had been increased financing demand from non-government related corporates for capex, which does point to improved business sentiment.


“All in, though, loan growth for the year is likely to fall short of management’s 7% target, but the compensating factors here are that NIM should hold up better than expected, NOII should improve in 2H17, costs are under control and asset quality is stable,” Maybank said.


Meanwhile, Maybank said the MFRS9 impact were to be manageable. It said Day 1 impact to CIMB’s CET1 ratio was estimated to be about 50 basis points, which was manageable.


“Taking this into consideration, management continues to aim for a CET1 ratio of 12% in 2018 versus 11.3% end- 2016, which could be partly supported by asset sales,” it added.

Posted by darkstar > 2017-08-03 23:20 | Report Abuse

Well done cimb

Posted by TheLegend27 > 2017-08-06 15:24 | Report Abuse

Dow Jones and Nasdaq up up up

Posted by shortinvestor77 > 2017-08-06 18:56 | Report Abuse

No problem.

Posted by masterus > 2017-08-07 23:29 | Report Abuse

16 HOURS AGO by: Amy Kazmin in New Delhi
On a windswept Himalayan plateau usually frequented by seasonal yak herders, hundreds of troops from China’s People’s Liberation Army and the Indian Army are locked in a stand-off over a small but strategic piece of land.

Bullets are not flying, but rhetoric is, with Beijing warning New Delhi to “correct its mistake” by withdrawing its troops from the contested terrain, that China calls its own. 

India — which says it is has merely come to the defence of its tiny neighbour Bhutan that also claims the land — has ruled out a unilateral withdrawal, while insisting it wants a peaceful resolution of the problem.

Posted by masterus > 2017-08-07 23:32 | Report Abuse

SHARE

Flyer launched for the protest.
DHARAMSHALA: Tibetans living in exile in India are going to hold a protest rally under the banner 'Tibet's independence, India's security' in Delhi over worsening relations between India and China due to the Doklam issue. Tibetan Youth Congress (TYC), one of the largest groups formed of young Tibetans in 1970, has given a call to this rally. It will take place on August 11, 2017. Tibetans will gather at Ramlila Maidan and will hold procession till Jantar Mantar in the national capital.
The organization has 35,000 members worldwide. "We are the largest NGO in exile and are going to hold this rally to highlight that Tibet's independence is the safest guarantee for India's security and peace along the Himalayas. We believe that Tibetans must be a part of discussions concerning the borders" said Tenzin Jigme, President of TYC.

Headquarters of the TYC are situated in Mcleodganj near here. It has 88 chapters in various countries, out of which 65 are in India who would be participating in this protest along with some Indian groups also, said officials of the organization. "Confirmations about the Indian leaders and groups will come in a day or two" they said.

Posted by ZeaXG > 2017-08-08 12:28 | Report Abuse

@masterus, and how is that related to CIMB?

Posted by masterus > 2017-08-08 12:35 | Report Abuse

Bank Indonesia has prepared a draft bill on the redenomination of the Indonesian Rupiah (Draft Bill). The Draft Bill is aiming to improve the economic efficiency and to create smoother commercial transactions. The Draft Bill suggests to remove the final 3 digits of the current Rupiah. By removing the final three digits, the use of the Rupiah would be simplified, however the value of the Rupiah would remain the same.



Circulation Procedures of the New Indonesian Rupiah

The circulation of the new Rupiah will consist of two phases:

The First Phase (January 1, 2020 – December 31, 2024):
Bank Indonesia will issue and circulate the physical currency with the sign “new” incorporated onto the body of the money (First New Money).
The Old Rupiah can still be used as payment method, until its revocation on December 31, 2024
The Old Rupiah can still be exchanged at Bank Indonesia until December 31, 2034
The Second Phase (January 1, 2025 – December 31, 2028)
Bank Indonesia will issue and circulate the physical currency, without the sign “new” incorporated onto be body of the currency
The First New Money will be valid until its revocation on December 31, 2028
The First New Money can be exchanged at Bank Indonesia until December 31, 2038

Posted by darkstar > 2017-08-08 19:27 | Report Abuse

please summarize, don't copy nonsense here

Posted by masterus > 2017-08-09 17:19 | Report Abuse

Washington (CNN)North Korea's military is "examining the operational plan" to strike areas around the US territory of Guam with medium-to-long-range strategic ballistic missiles, state-run news agency KCNA said early Wednesday local time.

Specifically, the statement mentioned a potential strike on Andersen Air Force Base designed "to send a serious warning signal to the US."

Posted by darkstar > 2017-08-10 12:56 | Report Abuse

goldentriangle u go flykite la

Posted by ZeaXG > 2017-08-10 15:28 | Report Abuse

1-2% percent drop is plunged?? kek. Temperature drop from 30 Celc to 29 Celc is also plunge, 3% drop wei. What a joke.

Posted by shortinvestor77 > 2017-08-10 22:23 | Report Abuse

OMG. CIMB Up!

Posted by Larrytrader > 2017-08-10 22:30 | Report Abuse

keke keep up

Posted by shortinvestor77 > 2017-08-11 09:16 | Report Abuse

http://www.klsescreener.com/v2/news/view/266983

Posted by shortinvestor77 > 2017-08-11 15:55 | Report Abuse

on the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

PETALING JAYA: The major beneficiaries of foreign fund inflows this year consist mainly of banking, oil and gas (O&G), and gaming related stocks, statistics cited by MIDF Research showed.

For the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

In the O&G sector, MIDF said that players which benefited from inflows were not only the downstream players but also integrated oil and gas services providers along with shipping providers.

“Downstream players such as Petronas Chemicals Group Bhd may have attracted foreign funds partly due to high plant utilisation rate of 99%, strong average selling prices of its products which grew by 22% year-on-year and higher production and sales volume of 16% yoy,” it said.

Genting Bhd recorded the highest inflow during the period between the fourth quarter of 2016 and the second quarter of this year.

Posted by TheLegend27 > 2017-08-11 19:39 | Report Abuse

last minute b4 klse close cimb from red become green.

Posted by Larrytrader > 2017-08-11 20:01 | Report Abuse

good performance

Posted by cheshirecat > 2017-08-12 00:15 | Report Abuse

firm closing

Posted by shortinvestor77 > 2017-08-12 12:45 | Report Abuse

Dow Jones 21,858.32 +14.31 0.07%
Nasdaq 6,256.56 +39.68 0.64%

Posted by masterus > 2017-08-14 11:03 | Report Abuse

Inflation data pulls USD lower
AUGUST 14, 20177:36AM
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THE Australian dollar is higher against its US counterpart which has eased after disappointing US inflation data. At 0635 AEST on Monday, the Australian dollar was worth 78.89 US cents, up from 78.58 US cents on Friday.
Westpac’s Imre Speizer said disappointing US inflation report helped push the greenback down.
The US consumer price index (CPI) disappointed for the fifth consecutive month, with its core measure at 0.1 per cent, versus an expected 0.2 per cent, leaving the annual rate at 1.7 per cent, against the expected 1.8 per cent. “The US dollar index closed down 0.4 per cent ... (while the) AUD rose from 0,7844,” he said in a morning note.

Posted by Bulat > 2017-08-14 16:33 | Report Abuse

aiyo tak boleh naik punya

Posted by Beza > 2017-08-15 09:02 | Report Abuse

Dow Jones 21,993.711 +135.39 0.62%
Nasdaq 6,340.23 +83.68 1.34%

Posted by ZeaXG > 2017-08-15 09:35 | Report Abuse

Beza Dow Jones 21,993.711 +135.39 0.62%
Nasdaq 6,340.23 +83.68 1.34%
15/08/2017 09:02

Plunged again!! Oh wait..

Posted by shortinvestor77 > 2017-08-15 09:59 | Report Abuse

OMG, UP!

Posted by shortinvestor77 > 2017-08-15 10:00 | Report Abuse

Where is goldentriangle? Died already?

Posted by ZeaXG > 2017-08-15 10:37 | Report Abuse

Dieded already

Posted by masterus > 2017-08-15 17:22 | Report Abuse

KUALA LUMPUR, Aug 15 — The ringgit is expected to return to its ‘fair value’ in the second half of this year, much earlier than initially expected in the first half of 2018, according to Standard Chartered’s (StanChart) latest Global Research report released today.
The report showed that the ringgit remained highly attractive from a valuation standpoint.
“This is particularly relevant in an environment where investors, in their search for yield, are settling for assets with stretched foreign exchange (FX) valuations elsewhere in emerging markets,” it said.
StanChart justified that it had a short- and medium-term “overweight” FX weightings on the Malaysian currency.
It recently estimated the ringgit to trade at 4.20 against the US dollar in the third quarter this year and 4.10 at end-2018.

Posted by masterus > 2017-08-16 15:00 | Report Abuse

London biscuit nta 2.18. Market price undervalued at 0.765. Worth to buy.

Posted by masterus > 2017-08-16 15:29 | Report Abuse

August 16, 2017 4:13 am JST
Volatility spikes as Hong Kong dollar continues to slide
Jittery traders keep eyes peeled for hint of market intervention
KEIICHIRO MORIYASU, NQN staff writer

© Reuters
HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency more vulnerable to wild swings.

Under a currency board system, the Hong Kong dollar is pegged to the greenback at a range of HK$7.75-7.85. The exchange rate hovered at close to the HK$7.75 ceiling at the start of 2017, but it has declined gradually to fall to near HK$7.8275 on Aug. 9. That price is within arm's reach of the HK$7.8294 low recorded on Jan. 20, 2016.

While within the accepted range of the pegged system, the Hong Kong dollar's weakness is surprising, given that Hong Kong equities have excelled this year even among high-performing Asian peers, and housing prices are on the rise as well. Normally one might well expect investor cash to pour in, buoying the currency.

Posted by masterus > 2017-08-17 10:03 | Report Abuse

Select Language​▼
CORPORATE
FROM THE EDGE
Credit Suisse sees ringgit improve to 4.10 over next few months
Sulhi Azman
/
The Edge Financial Daily

August 17, 2017 09:51 am MYT

This article first appeared in The Edge Financial Daily, on August 17, 2017.
-A+A
KUALA LUMPUR: Credit Suisse expects the ringgit to trade at 4.10 against the US dollar “over the next few months”, with the country’s upcoming stronger-than-expected economic growth to provide support for the local currency.

“Combined with [the] recently high oil prices and improving August trade seasonality, this helps to keep us constructive on the ringgit, targeting 4.10 versus the US dollar over the next few months,” Credit Suisse’s two fixed income analysts Ray Farris and Trang Thuy Le said in its regional Asia foreign exchange (forex) strategy report yesterday.

Credit Suisse’s forecast of the ringgit was in line with the most recent estimate by Standard Chartered plc (StanChart).

Yesterday, StanChart forex strategist Divya Devesh forecast the ringgit to rebound to a fair value of 4.10 against the US dollar by the year end, adding that he remains “overweight” on the local currency.

The ringgit has rebounded by 4.4% from 4.4938 recorded on Jan 4, 2017.

As for the country’s economic growth — measured by gross domestic product (GDP) — Credit Suisse forecasts the Malaysian economy to grow by 6% in the second quarter of this year (2Q17). This is well above the consensus estimate of 5.4%, and 5.6% that the country managed to chalk in 1Q17.

Posted by heaven123 > 2017-08-17 20:18 | Report Abuse

Engine rosak...

Posted by Bulat > 2017-08-18 13:23 | Report Abuse

tak naik lagi

Posted by Beza > 2017-08-18 14:03 | Report Abuse

The finance & insurance and business services stepped expanded 5.1% and 8.5% respectively.
http://klse.i3investor.com/blogs/kianweiaritcles/130290.jsp

Posted by heaven123 > 2017-08-18 23:12 | Report Abuse

?

Posted by masterus > 2017-08-21 15:35 | Report Abuse

London biscuit just started its engine from yesterday 0.795 to highest 0.815 today. Stay tune.

Posted by heaven123 > 2017-08-21 23:53 | Report Abuse

Hmm...london biscuit.

Posted by masterus > 2017-08-22 20:22 | Report Abuse

BNM’s international reserves now at US$100.4 billion
Tuesday August 22, 2017
03:34 PM GMT+8

ICYMI
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Ambank and RHB merger unlikely to happen, say sourcesAmbank and RHB merger unlikely to happen, say sources

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A woman walks pass the headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat Isa
A woman walks pass the headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat Isa
KUALA LUMPUR, Aug 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.4 billion (RM431.0 billion) as at August 15, 2017, compared with US$99.4 billion registered as at July 31, 2017.

Posted by Bulat > 2017-08-23 12:45 | Report Abuse

tak naik lagi

Posted by Bulat > 2017-08-23 12:45 | Report Abuse

us market yesterday up 100+ point

Posted by masterus > 2017-08-24 16:05 | Report Abuse

The U.S. dollar weakened on Wednesday as investors reduced exposure in higher-yielding assets after U.S. President Trump’s threat of a government shutdown and comments about the possible termination of a North American trade agreement.
In a speech In Phoenix, Arizona, late Tuesday, Trump warned he might terminate the NAFTA trade treaty with Mexico and Canada after a three-day conference failed to settle deep differences. He also stated that he may shut down the government if he does not get funding for a wall on the U.S. –Mexico border.

Trading conditions were thin as investors awaited speeches from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday in Jackson Hole, Wyoming. Therefore, the market may have over-reacted to Trump’s comments. No one can be certain whether Trump was trying to publicly negotiate changes to the current treaty, or if he was actually serious about ending NAFTA completely.
Forex
Investors didn’t waste time trying to determine whether Trump’s comments were a negotiation ploy or a real threat. They moved money into the Japanese Yen for protection. This move weighed on the U.S. Dollar.
The EUR/USD also rose after the release of strong German and French PMI survey readings.
Essentially, the dollar remained under pressure because the buying was too thin to mount an intraday counter-trend move.
U.S. Economic News
Disappointing U.S. economic data also pressured the U.S. Dollar. Flash Manufacturing PMI came in below expectations at 52.5. Analysts were looking for a reading of 53.4. Flash Services PMI data, however, exceeded expectations. New Home Sales were ugly, coming in at 571K, well below the 611K forecast.
In other news, Dallas Federal Reserve President Robert Kaplan said on Wednesday that high levels of debt in the United States represent an impediment to future growth.
During a Q&A session at the Permian Basis Petroleum Association Membership luncheon in Midland, Texas, the FOMC member also said he wants to be patient and wait for more data before raising argument for removing some monetary accommodation from the economy.

Posted by masterus > 2017-08-24 16:47 | Report Abuse

Currencies will depreciate
Geopolitical strains could also weaken the Korean won (Exchange: KRW=) and the Taiwan dollar (Exchange: TWD=).
Financial markets in those countries have a large number of foreign equity investors, and those traders tend to sell shares in the wake of political tensions, explained Khoon Goh, head of Asia research at Australian bank ANZ.
When those stock markets take a beating, so do their currencies. If that's the case, Goh predicts the won will fall to 1180 per dollar from 1130 presently, and the Taiwan dollar to hit 31.6 from current levels of 30.2.
But the safe-haven Japanese yen (CME:Index and Options Market: ZJP*) would likely benefit amid the overall risk-averse mood, Goh added.

Posted by Nickmotor > 2017-08-24 21:31 | Report Abuse

What happen today?? Drop kaw kaw and i think buy from kwsp to rebound

Posted by masterus > 2017-08-25 23:43 | Report Abuse

Us dollar index fall to 92.78.

Posted by masterus > 2017-08-28 10:39 | Report Abuse

At 0635 AEST on Monday, the Australian dollar was worth 79.24 US cents, up from 79.04 US cents on Friday. Westpac’s Imre Speizer said the US dollar, along with bond yields fell following the annual central bankers meeting.
“The eagerly awaited Jackson Hole speeches from (Federal Reserve chair Janet) Yellen and (European Central Bank president Mario) Draghi contained little on monetary policy, disappointing those looking for clues on outlook. The US dollar and bond yields fell,” he said in a Monday morning note.
“The US dollar index closed down 0.6 per cent on the day, to the lowest level since May 2016.” On Monday the Australian dollar would likely stay within the 78.65 to 79.65 US cent range “with a slight upward bias”.
The local currency is lower against the yen and the euro.

Posted by loyalok > 2017-08-28 12:20 | Report Abuse

1h company result will out soon !

Posted by loyalok > 2017-08-28 13:02 | Report Abuse

good result for 1h ,EPS=25.56 ,dividend=13 sen ,NTA =5,2

Posted by shortinvestor77 > 2017-08-28 13:07 | Report Abuse

Excellent.

Posted by luckypunting > 2017-08-28 14:25 | Report Abuse

KLCI will go up further today bcos of CIMB? :D