Posted by limch > 2017-08-28 14:36 | Report Abuse

13 sen coming soon. DY 3.74%(25 sen for 2017) at RM 6.69.

Posted by POORDAD > 2017-08-28 14:49 | Report Abuse

good news but stock drop. what a normal day in KLSE :(

Posted by Beza > 2017-08-28 16:52 | Report Abuse

6.78 now. Down also can go up as long as good business and growing.

Posted by masterus > 2017-08-28 18:10 | Report Abuse

China claims victory over India in Himalayan border row
16 minutes ago
From the section Asia Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share
Indian soldier along China borderImage copyrightAFP
Image caption
An Indian soldier on the China border - Beijing has reiterated what it says is its right to territory
China says India has withdrawn troops from a disputed Himalayan border area, ending a tense stand-off lasting weeks.
The foreign ministry in Beijing said it was pleased that "trespassing Indian personnel have all pulled back to the Indian side of the boundary".
India's foreign ministry confirmed troops were "disengaging" at Doklam after agreement between the countries.
The row began in mid-June when India said it opposed a Chinese attempt to extend a border road on the plateau.
The area is known as Doklam in India and Donglang in China.

Posted by gsi723 > 2017-08-28 18:58 | Report Abuse

Its PE should have getting down as the earning keep improving.....

Posted by masterus > 2017-08-28 20:22 | Report Abuse

US Dollar Index depressed near 92.50
By Pablo Piovano
The US Dollar Index – which tracks the greenback vs. its main rivals – remains under pressure at the beginning of the week, now trading in the 92.40 area, near YTD lows.

US Dollar offered post-Yellen

The index has managed to rebound from fresh yearly lows near 92.30 recorded at the very beginning of the Asian session today, although it remains fragile following the innocuous speech by Chief J.Yellen at the Jackson Hole Symposium on Friday.

Expectations of a Fed’s move on rates later in the year appear to be declining among investors, hurting both DXY and yields in the US money markets. In fact, yields of the US 10-year reference are now attempting a rebound above the 2.17% level after bottoming out near 2.16% on Friday.

In addition, another round of the Trump-NAFTA conflict seems to have buried any optimism regarding the future of the tax reform and extra fiscal stimulus via infrastructure spending, all weighing on the buck and keeping USD-bulls at bay.

Data wise today, wholesale inventories, July’s goods trade balance and the Dallas Fed manufacturing index are all due later in the NA session.

US Dollar relevant levels

As of writing the index is losing 0.01% at 92.51 and a breakdown of 92.31 (2017 low Aug.28) would open the door to 91.91 (2016 low May 3) and then 91.51 (low Jan.15 2015). On the flip side, the next up barrier aligns at 93.25 (10-day sma) followed by 93.44 (high Aug.25) and finally 94.14 (high Aug.16).

Posted by limch > 2017-08-29 04:16 | Report Abuse

25 sen dividend if follow FD 3.3% TP should be RM 7.5.

Posted by masterus > 2017-08-29 07:49 | Report Abuse

The Moment Of Truth For The U.S. Dollar

A
Summary

The fall since January.

Consolidation, a dead cat bounce, and building cause for a technical breakdown.

The euro could be heading a lot higher.

The dollar is starting to impact commodity prices.

The downside target for the world’s reserve currency.

Posted by Beza > 2017-08-29 10:08 | Report Abuse

masterus, no shares don't talk cock here. Go away from all bank counters.

Posted by Beza > 2017-08-29 10:09 | Report Abuse

CIMB, the Top Pick in Malaysian Banks Sector
Author: kltrader | Publish date: Tue, 29 Aug 2017, 09:57 AM

CIMB announced their 2QFY17 financial results yesterday, reporting a 26% increase in their net earnings to RM1.1 bil, while revenue rose 13.8% to RM8.6 bil. According to CIMB Group CEO, Tengku Zafrul, the improved quarter results are testament to the group’s continuous focus on building sustainable growth, maintaining margins, managing cost and optimizing capital (TheStar, 28 Aug).

Macquarie Equities Research (MQ Research) wrote a report on CIMB, analyzing the results in detail. MQ Research considers CIMB their top pick in the Malaysian banks sector and maintains an “Outperform” rating.

Event
CIMB reported 2QFY17 net earnings of RM1.1 bil. (+26% y-y, -6.6% q-q), taking 1HFY17 net earnings to RM2.28 bil. (+35% y-y) which is 51% of consensus FY17 net earnings forecast of RM4.51 bil. and 49% of Macquarie FY17 net earnings forecast of RM4.66 bil. Return on equity (ROE) eased slightly q-q, to 9.4% (1Q: 10.3%, highest since FY14) and is at 9.9% for 1H17.
Q-q momentum was broadly resilient, with both operating income and operating expenses flat (i.e. neutral jaws), whilst an increase in loan loss provisioning which resulted in profit before tax (PBT) declining 11% q-q was mitigated by tax write back of RM43 mil. stemming from overprovision in prior years (i.e. effective tax rate fell from 25% in 1Q, to 21%). However, on both a y-y and a 1H7 vs. 1H16 basis, CIMB delivered positive jaws as operating income growth outpaced operating expenses.
Non-Malaysia PBT contribution share to the group rose to 34% in 1H17 (1H16: 25%), principally due to the substantially improved PBT from CIMB Niaga in Indonesia (+89% y-y, to RM625 mil. which is 20% of group PBT and back to a level that is in line with its 19% share of group loans). The smaller operations of Singapore (+62% y-y, to RM214 mil.) and Thailand (+80% y-y, to RM171 mil.) also delivered on expectations of earnings recovery after a depressed 2016.
An interim dividend of 13 sen (52% payout; this is the mid-range of the group's 40%-60% targeted dividend payout range) was declared - this is substantially higher than the 1HFY16 interim dividend of 8 sen (41% payout) and reflects significantly improved profitability and CET 1 ratio (+40bps vs. 1Q, to a record 11.9%).
Impact
Group 1H17 loan growth of 8.2% (5.5% at constant currency) was broad-based, with mortgages (+12.3%) and enterprise (+12.3%) key drivers, even as auto loans contracted modestly (-1.5%). On a q-q basis, group loans contracted slightly (-0.7% vs. 1Q) due mainly to corporate repayments i.e.-8% decline in syndicated term loans. As guided by management during the pre-closed period briefing earlier this month, Indonesia loan growth lagged (+2.8% vs. 1H16) but Malaysia was robust at 10%, which is almost double the rate of growth for the sector. Thai and Singapore loan growth was relatively flat.
Net income margin (NIM) remained resilient, relatively flat at 2.71% in 2Q (vs. 2.72% in 1Q) on strong NIM traction at CIMB Niaga coupled with benign cost of funding in Malaysia. 1H17 NIM has improved 8bps vs. 1H16, with group current account, savings account (CASA) share sustained in the 35%-36% range whilst group loan-to-deposit ratio (LDR) has also maintained in a range, of 92%-94%, as deposit growth has kept pace with loans.
Non-interest income growth over 1H17 (+16% vs. 1H16) outpaced that of net interest income (+13%), underpinned by substantial improvements in trading and forex gains against the backdrop of improved market activity levels, underpinning a robust 13.9% 1H17 growth in operating income. This compares to a lower 7.8% growth in operating expenses (i.e. positive jaws) as stringent cost control saw 2Q cost-income ratio (CIR) continue to trend lower, to 52.3% (1Q: 52.6%) and on track to meet management target of a group CIR <53% for FY17 (MQFY17E: 52.9%).
Net credit cost increased q-q, from 52bps to 77.6bps, taking 1H17 credit cost to 66bps (MQFY17E: 60bps) with the bulk of the RM200 mil. increase mainly due to normalisation of provisioning run-rate for corporate banking division after writebacks in 1Q, as well as seasonal increase in delinquencies related to Hari Raya festivities and provisioning for Singapore oil & gas exposure. Re the latter, management expects the difficult environment to continue but provisioning flow-through will remain modest on a group basis (oil & gas loans is 2.5% of group book). Underlying gross non-performing loan (NPL) ratio was flat q-q, at 3.2%.
Group common equity tier (CET) 1 ratio improved 40bps q-q, to 11.9% which is now well ahead of FY17 target of >11.5%. Management expects MFRS 9 Day 1 impact to be equivalent to a modest c.50bps of CET 1; coupled with the continuation of the group's DRS (dividend reinvestment scheme) where acceptance rate is >80%, CIMB's FY17 CET 1 target looks reasonable.
Action and Recommendation

Posted by Beza > 2017-08-29 10:09 | Report Abuse

Management expects 2H17 to be a modest reversal of the growth trends seen over 1H17 i.e. acceleration in loan growth, led by Indonesia (slow start to the year) and also recovery in Malaysian corporate loan growth, whilst net income margin (NIM) is expected to moderate - re the latter, NIM weakness was flagged for Malaysia (5-6bps compression) whilst Indonesia is also to see some attrition following a strong 1H uptrend. Group net credit cost has been maintained at 60-65bps, with incremental improvement expected to be led by the ex-Malaysia operations as regional economies continue to show recovery.
With the Bank of Yingkou stake sale and China Galaxy jv on track to be completed by end-2017, operating ratios can be expected to continue their improving trend into 2018, underpinning MQ Research’s expectations of further improvement in cost income ratio (CIR) (MQ: 50.6%), net credit cost (MQ: 55bps ex-MFRS 9 adjustment) and ROE (MQ: 10.3% vs. CIMB target of 10.5%-11.0%).
Maintain Outperform. CIMB is MQ Research’s top pick in the Malaysian banks sector.
Source: Macquarie Research - 29 Aug 2017

Posted by masterus > 2017-08-29 10:29 | Report Abuse

Dollar falls to 4-month low vs yen after N.Korea fires missile
Dollar dropped to a four-month low against the yen
The greenback had been on the back foot after Fed Chair Janet Yellen's Jackson Hole speech made no mention of monetary policy

Posted by Beza > 2017-08-29 10:35 | Report Abuse

KUALA LUMPUR: Maybank Investment Research has maintained its Buy call on CIMB Group Holdings Bhd as it forecasts robusts earnings growth of 27%/16% in FY17/18E with an expected ROAE expansion to 10.6% in FY18 from 7.9% in FY16.

Its target price remains unchanged at RM7.50 on a 2018 price-book value of 1.3x.

CIMB's earnings in the second quarter ended July 30, 2017, was up 26% year-on year(y-o-y) and took first half profit to RM2.16bil, accounting to 49% of Maybank Investment Research's and consensus full-year forecast.

Positives for the quarter include stable net interest margin (-1bp quarter-on-quarter) and ongoing cost control/positive JAWS. On the flip side, loan growth remains subdued, NOII contracted q-o-q in Q2 while credit costs were higher.

"Management’s targeted 9.5% ROE for FY17 does appear to be achievable and our forecast is a tad higher at 9.6% for the year. Into FY18, management targets an ROE of 10.5% to 11% and our forecast of 10.6% is at the lower end of this range.

"Separately, management has announced a first interim dividend per share of 13 sen vs 8 sen in H1FY16, this being a dividend payout ratio (DPR) of 52%. We raise our FY17 DPS forecast to 26 sen from 25 sen, to reflect a higher DPR of 52% versus 50% previously. Forward yields of >3.9
Read more at http://www.thestar.com.my/business/business-news/2017/08/29/maybank-investment-maintains-buy-on-cimb-on-robust-earnings/#pf3AiEsR2r7PTuqW.99

Posted by apanama > 2017-08-29 17:12 | Report Abuse

The correction is over and over done...normally last day August trading gap from low to high will be about 10++ ..i am not surprise..tomorrow CIMB will GREEN..and also other banks as well..:)..Market FBMKLCI will settle about 1768-1773

Posted by masterus > 2017-08-29 23:25 | Report Abuse

This will likely continue to run as an issue for the markets in the background but certainly is one further reason for caution in being exposed to the US dollar versus the core G10 currencies like the yen, euro and Swiss franc.

In addition, the debt ceiling deadline at the end of September and the government shutdown risks will continue to weigh on the dollar over the short-term.

Posted by apanama > 2017-08-30 03:36 | Report Abuse

Thanks for info masterus...definitely market will push thru from end of August (30/8/2017) until early September...plus..logically ..12/9 NajibRazak will meet Trump..definitely market is well supported because want to show Malaysia is OK..:)

Posted by Beza > 2017-08-30 17:03 | Report Abuse

No problem.

Posted by shpg22 > 2017-08-30 17:04 | Report Abuse

Last min surge above 7.00. Good closing

Posted by desmondcsh > 2017-08-30 17:18 | Report Abuse

Huat ah for those who sold at 4.50pm

Posted by limch > 2017-08-30 17:23 | Report Abuse

Sold at RM 7.08. Bought AMMB.

Posted by shpg22 > 2017-08-30 17:35 | Report Abuse

Just a matter of time to reach 10.00. Have faith.

Posted by darkstar > 2017-08-30 17:37 | Report Abuse

Obvious manipulation for the long weekend, a sign of PRU?

Posted by Bulat > 2017-08-30 18:22 | Report Abuse

Next week up again

Posted by Bulat > 2017-08-30 18:22 | Report Abuse

Tq

Posted by vinvin > 2017-08-30 18:36 | Report Abuse

limch, a good play!

Posted by gsi723 > 2017-08-30 19:11 | Report Abuse

What a push? Someone intentionally push up CIMB & UMW last minute.... electin play, 7.50??

Posted by cheoky > 2017-08-30 19:32 | Report Abuse

Wow

Posted by Larrytrader > 2017-08-30 20:57 | Report Abuse

hoho still holding since 5.60 earn big Liao

Posted by limch > 2017-08-30 20:59 | Report Abuse

I afraid today big surge due to 60 years Merdeka tomorrow. Will drop back next Monday?

Posted by Larrytrader > 2017-08-30 21:06 | Report Abuse

won't drop lah drop also drop little only

Posted by Larrytrader > 2017-08-30 21:07 | Report Abuse

something is happening about election go buy politic stock now

Posted by meistsk3134 > 2017-08-30 21:23 | Report Abuse

Walao 37cent

Posted by Larrytrader > 2017-08-30 21:54 | Report Abuse

38

Posted by samsmb > 2017-08-31 10:16 | Report Abuse

Up one day drop 10 days ..

Posted by vinvin > 2017-08-31 18:48 | Report Abuse

Hi samsmb, what school r u from? I mean group!

Posted by masterus > 2017-08-31 20:56 | Report Abuse

ENVIRONMENT & HEALTH HONG KONG
Another tropical cyclone brewing in S.China Sea to bring more wet weather to Hong Kong this weekend
31 August 2017 13:05 Karen Cheung2 min read
FBTwitterFlattrRedditDonate
Another tropical cyclone may bring more unstable weather to Hong Kong over the weekend, just a week after two back-to-back storms caused strong winds, flooding, and transport havoc across the city.

Posted by shortinvestor77 > 2017-09-02 11:55 | Report Abuse

Moving to 7.50. What to worry if its business is growing?

Posted by masterus > 2017-09-02 14:48 | Report Abuse

THE EXPRESS TRIBUNE > BUSINESS
US dollar losing its lustre


NEW YORK: In times of uncertainty or crisis, investors typically take refuge in safe options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its lustre, especially to the euro. After this week’s North Korean missile launch over Japan raised fears it could trigger a major conflict, the single European currency rose above the symbolic threshold of $1.2 for the first time since January 2015. “The dollar and US Treasuries are typically safe haven assets. But no one really wants to own the dollar right now,” said Brad Bechtel, head of foreign exchange trading at Jefferies. US monetary policy also plays a role in the dollar’s relative value as do comments – or the absence thereof – from central bankers.

Posted by luckypunting > 2017-09-02 16:15 | Report Abuse

Will September going to blew election wind? Rotating pushing election counters?

Posted by shortinvestor77 > 2017-09-03 23:52 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/131424.jsp

Posted by shortinvestor77 > 2017-09-03 23:53 | Report Abuse

SE Asia is a booming zone. We will see lot of investors to come.

Posted by shortinvestor77 > 2017-09-05 20:47 | Report Abuse

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

Posted by shortinvestor77 > 2017-09-05 20:55 | Report Abuse

http://www.klsescreener.com/v2/news/view/276895

Posted by GoodCompanies > 2017-09-07 11:47 | Report Abuse

Where is that Bloomberg article saying something "sinister" is happening in malaysia banking system ....so rookie the writer, don't even understand Loan deposit ratio and Bassel acts..

Posted by Coldman > 2017-09-07 18:49 | Report Abuse

walao last hr suddenly up.....tmr back to normal price......haha

Posted by heaven123 > 2017-09-08 12:50 | Report Abuse

Prostitute club.

Posted by eYuppie > 2017-09-08 17:06 | Report Abuse

Better go for AmBank as it has more room to go up than CIMB

Posted by diehardunited > 2017-09-10 18:36 | Report Abuse

I'd rather bet into this stock. Giant in the making! Get ready for the LIMIT UP SOON!
http://klse.i3investor.com/m/blog/warrenbuffet/131824.jsp

Posted by masterus > 2017-09-12 10:58 | Report Abuse

image: http://www.thestar.com.my/~/media/online/2016/12/19/02/14/ringgit-dec15.ashx/?w=620&h=413&crop=1&hash=E7F62D61716F93AE1B19E58FB7073315790FFC9B


KUALA LUMPUR: AmInvestment Research is maintaining its positive view on the ringgit due to six factors which include the stronger economic growth, healthy inflow of foreign funds into the equities market and easing inflation pressure.

It said on Tuesday its positive outlook was firstly, the better-than-expected 1Q and 2Q GDP growth of 5.5% and 5.8%.

The higher GDP growth has prompted it to revise upwards its full year 2017 GDP to between 5.7% and 5.9% supported by strong exports and complement with domestic activities;

Secondly, it also noted the healthy inflow of funds into the equity market with net inflow year-to-date around RM10.7bil after registering net outflow for three consecutive years while foreign holdings in Malaysian Government Securities (MGS) at 40.32% which is equivalent to RM150.9bil.

Thirdly, it expects inflation pressure to ease in 2H2017 to average around 3.0%-3.3% from 4.1% in 1H2017 bringing the full year average to around 3.5%-3.7% as a result of lower cost push pressures with a more stable fuel price.

Fourthly, the research house envisages the current negative real returns could potentially fade away with the Overnight Policy Rate expected to stay unchanged at 3% as inflation pressure eases.

“Still we maintain a 45% chance for a rate hike by 25bps in 4Q2017 should demand pull inflation picks up strongly while supporting GDP,” it said.

Fifthly, the onshore sentiments on the ringgit has improved supported with strong external reserves which has surpassed the US$100bil mark, now is at US$100.5bil.

As for the sixth factor, it expects the continued weakening pressure on the US dollar index (DXY) index due to the ongoing sentiments in the US. We expect the DXY index to be around 90-91 in 2017.

The DXY is an index (or measure) of the value of the dollar relative to a basket of foreign currencies.

“From our estimates, it shows more room for the ringgit to strengthen. Our fair value for the ringgit is around 3.95 against the US$. However, our year-end target for ringgit is 4.12 while our full year average is 4.31.to 4.33,” it said.

Read more at http://www.thestar.com.my/business/business-news/2017/09/12/aminvestment-research-positive-on-ringgit/#EkGfT9D409C5XpSc.99

Posted by callmeSugarDaddy > 2017-09-12 11:24 | Report Abuse

Good, I like this