Posted by mancingbursa > 2019-03-01 00:37 | Report Abuse

CIMB Group Holdings Bhd racked up record earnings for the financial year ended Dec 31 (FY18), a net profit of RM5.58 billion in FY18, up 24.8% year-on-year (y-o-y) from RM4.48 billion.

The group said its net profit for the fourth quarter ended Dec 31, 2018 rose 5.37% to RM1.12 billion from RM1.06 billion in the same quarter a year ago. Earnings per share rose to 11.67 sen from 11.57 sen previously.

FY18 revenue was lower at RM17.38 billion compared with RM17.63 billion a year earlier.

CIMB proposed a second interim net dividend of 12 sen per share

Posted by vinvin > 2019-03-01 09:38 | Report Abuse

Why better results but counter dropping?!

Posted by vinvin > 2019-03-01 09:41 | Report Abuse

The same happened to Rhb yesterday but today up!!!

Posted by signalmw > 2019-03-01 11:41 | Report Abuse

Foreign favorite share alll keep selling few day

Posted by smissions > 2019-03-01 23:52 | Report Abuse

A lot of things are weighing them down - the Scomi issue, the downgrade, the reports that the banking app is insecure (I don't believe this to be true btw, it looks like they were playing an online game, and they had their debit card details in play store, and the game debited the account for some reason - some games trap you like that.)

Also some believed that the bank had "status" with the previous government because of family ties, and that might have been priced in.

Posted by signalmw > 2019-03-04 16:53 | Report Abuse

Foreign lari. US interest flat rise or trade war

Posted by BN_better > 2019-03-06 03:47 | Report Abuse

Where are your turnaround plans, KJ asks govt as Khazanah records RM6.3 bil loss
https://www.freemalaysiatoday.com/category/nation/2019/03/05/where-are-your-turnaround-plans-kj-asks-govt-as-khazanah-records-rm6-3-bil-loss/

Posted by powerinvestor > 2019-03-06 13:35 | Report Abuse

buy or sell

Posted by armadasaxon > 2019-03-06 13:51 | Report Abuse

armadasaxon after this all announcement,market will quiet..careful lor

Posted by Vin Cullen > 2019-03-06 16:33 | Report Abuse

Support RM5.21

Posted by Alan Wong > 2019-03-06 17:03 | Report Abuse

REBOUND TIME been down these few days from high 5.89 (27feb) until today 5.52 (6Mar) = loss of 6.282% !

Posted by FamousAmos > 2019-03-06 17:11 | Report Abuse

All the Khazanah linked counters will be bashed

Posted by griezmann > 2019-03-06 17:49 | Report Abuse

the bank guided for below 10% ROE in 2019... 2018 results achieved with a lot of one-offs... sell this and that... 2019 results y-o-ys will show declines... assuming 10% roe achieved should be around 1x book value ... now is about 1.02x bv... so target price around 5.41...

many other banks look like they have better valuation than cimb e.g. RHB and SG banks.

Posted by Alan Wong > 2019-03-06 21:05 | Report Abuse

Bro your own opi doesn’t affect the market ....it’s the buy low sell high theory

Posted by NESARAJAH1 > 2019-03-06 21:15 | Report Abuse

RHB shares depends much on Aabar. Last Aug they disposed their shares as soon as price goes up. Did it yesterday again. Wont dare to go in this counter until they have disposed all their shares.

Posted by oregami > 2019-03-07 10:41 | Report Abuse

end of the month 12c dividend ma. will compensate your loss

Posted by NESARAJAH1 > 2019-03-07 15:05 | Report Abuse

Dropping

Posted by addison25 > 2019-03-07 15:23 | Report Abuse

5.20 mari

Posted by mancingbursa > 2019-03-07 15:38 | Report Abuse

SYDNEY/TOKYO: The chances of recession have faded enough for emerging market investors to plough billions of dollars into Asian stock markets, but not enough to buy shares in the region's banks.

After a year-long sell-off, stocks in Asian banks are languishing at multi-year, crisis era lows, even though their lending business should benefit from the Federal Reserve and other central banks easing up on monetary tightening as they switch to a pro-growth stance.


Rising hopes that the United States and China will soon de-escalate their trade war has encouraged buying in other cyclical sectors, but few banks are making it onto investors' shopping lists.

Besides the reduced, but still abiding risk of a sharp economic slowdown, investors are deterred by onerous regulatory changes introduced for lenders since the last crisis.

\"Valuations are cheap but they are cheap for a reason,\" said Olivia Mayell, London-based investment specialist of multi-asset solutions at JPMorgan Asset Management.

\"We're not currently confident enough to want to own banks, we'd look for more stable value, for recession-proof assets. Not to say recession is coming soon, but these things get priced into asset values well in advance of when they happen.\"

Asian banks are cheap. Going by the broadest measure, MSCI's index for Asia ex-Japan banks trades at a price-to-book (P/B) ratio of 0.9, lower than it has been during financial crises in 1997, 2001 and in 2008.

The price-to-book (P/B) ratio, a popular metric for measuring valuation, compares stock price with underlying assets. A ratio below 1 could indicate either an undervalued stock or that investors have concerns about how well the stock is backed up by assets. The low banks' P/B is a red flag for investors.

Some analysts, who think banks are a good buy, argue that banks' book values, which reflect net assets, may have been undermined by the past three years of rising interest rates and a broad reduction in corporate borrowing. But as policy interest rates are cut, book values will recover, they say.

Yet, there are more reasons to regard them as risky investments.

Banks would be prime losers if the United States slips into recession, dragging down global growth and demand. Even if Asian growth holds up, investors have for long struggled to evaluate the quality of banks' assets and quantum of bad loans.

New regulations are also being rolled out that potentially hamper bank profitability ranging from India's new bankruptcy code and requirements for capital to South Korea's plans for internet banks and capital-raising by traditional big banks.

\"A lot of people still remember what happened during the financial crisis. That made banks really out of favour and that is reflected in the really trough valuations,\" said Jian Shi Cortesi, an Asian equities portfolio manager at GAM Investment Management in Zurich.

HOSTAGE TO POLICY

The idea that banks' fortunes are hostage to sometimes fickle government policy also scares investors.

\"In many cases, one share in a bank equals one share in a country. Banks in emerging markets are a regulated business. They are often driven by what's happening in government policy,\" said Sean Taylor, chief investment officer for the Asia Pacific at Deutsche Bank's asset manager DWS in Hong Kong.

Taylor cites China as an example where, despite easing policy, some banks have been squeezed in a scramble for funds.

South Korean banks are also trading at lows last seen before the 2008/09 financial crisis, he said, because domestic regulations are limiting their ability to make money.

The other big risk is that, despite all efforts, the U.S. economy slips into recession, dragging global demand down.
Some analysts see more value in owning sectors like technology or healthcare, which are just as sensitive to growth and demand as banks, but are more resilient.
The extreme cheapness of banks could mean there is room for a rally in the next 6 months to a year, said GAM's Cortesi.
Still, she said: \"If you are investing in Asia growth, you probably don't want to be in banks.\"
Consumer stocks, technology and real estate have all posted double digit growth in the past two months. Banks gained 5 percent, underperforming the broad Asian shares' 10 percent jump.
Even among banks, plenty of investors see value in India's better-capitalised private sector banks and Thai banks. Outliers include Indonesia's Bank Mandiri, which has risen 33 percent since 2015, outperforming the broader Jakarta index's near 25 percent gain. Singapore's DBS is up by a quarter in four years having defied a fall in Singapore markets.

Posted by mancingbursa > 2019-03-07 15:40 | Report Abuse

In a sign of investor enthusiasm for Asian assets, global emerging market funds have registered net inflows of about $21 billion since the week of Nov. 7, with gains in 14 of the past 16 weeks, Nomura said in a report released on Feb. 26.

Yet, only six banks feature in Nomura's list of 52 'buy' rated stocks in Asia - India's SBI, ICICI and Axis, Indonesia's Bank Mandiri and Metropolitan Bank and BPI in the Philippines.

Asian tech giants Alibaba Group and Tencent Holdings, insurance group Ping An, Hong Kong property firm China Overseas Land and Hong Kong's MTR are among Nomura's top 5 picks. - Reuters

Posted by mancingbursa > 2019-03-07 15:40 | Report Abuse

Just hold tight...

Posted by 129055444514385 > 2019-03-07 16:10 | Report Abuse

target prices, rm5.80 to rm7.55 :)


Price Target
Date Open Price Target Price Upside/Downside Price Call Source
01/03/2019 5.84 6.50 +0.66 (11.30%) BUY PUBLIC BANK
01/03/2018 5.84 7.55 +1.71 (29.28%) BUY MIDF
01/03/2019 5.84 6.10 +0.26 (4.45%) HOLD KENANGA
01/03/2019 5.84 6.00 +0.16 (2.74%) HOLD HLG
01/03/2019 5.84 5.80 -0.04 (0.68%) HOLD AmInvest
01/03/2019 5.84 6.10 +0.26 (4.45%) HOLD Affin Hwang Capital

Posted by 129055444514385 > 2019-03-07 16:10 | Report Abuse

bagus


KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 26-Mar-2019 Acquired 100,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Feb-2019 Acquired 235,900 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 28-Feb-2019 Acquired 100,000 0.000 View Detail

Posted by 129055444514385 > 2019-03-07 16:31 | Report Abuse

rising profit, ada wang, boleh beli

Thursday, 28 Feb 2019

5:16PM CIMB NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)

1:04PM CIMB Financial year end net profit 5.663 billion (increased 22.90%)

Posted by 129055444514385 > 2019-03-07 16:33 | Report Abuse

bagus, dividend yield is higher than FD rate.... P/E ratio is below 10 now.... boleh simpan :)


CIMB Financial Information
Market Capital (RM)
: 52.413b
Number of Share
: 9.564b
EPS (cent)
: 58.38 *
P/E Ratio
: 9.39
ROE (%)
: 10.87
Dividend (cent)
: 25.000 ^
Dividend Yield (%)
: 4.56
Dividend Policy (%)
: 0
NTA (RM)
: 5.371
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.

Posted by 129055444514385 > 2019-03-07 16:38 | Report Abuse

Yearly second interim dividend about 12 to 13sen ex-date this month is coming.... hold your breath. tunggu after ex-date baru jual jika mau jual.. :)

07-Sep-2018 24-Sep-2018 DIVIDEND First Interim Dividend RM 0.13 Dividend Detail
16-Mar-2018 28-Mar-2018 DIVIDEND Second interim dividend RM 0.12 Dividend Detail
28-Sep-2017 10-Oct-2017 DIVIDEND First Interim Dividend RM 0.13 Dividend Detail
16-Mar-2017 28-Mar-2017 DIVIDEND Second interim dividend RM 0.12 Dividend Detail

Posted by Alan Wong > 2019-03-07 17:37 | Report Abuse

CIMB = Come Invest My Bank

Posted by freddiehero > 2019-03-07 17:38 | Report Abuse

steady la..

Posted by Alan Wong > 2019-03-07 18:23 | Report Abuse

7 losing streaks in a row ....time to rebound!

Posted by armadasaxon > 2019-03-07 18:53 | Report Abuse

Alan wong..from genting..to sime..now cimb

Posted by oregami > 2019-03-07 20:34 | Report Abuse

cimb was 1.2x BV during financial crisis. now 1.05x

Posted by ariffrazak > 2019-03-07 21:13 | Report Abuse

Anyone know why Cimb hasnt declared dividend yet? It has announced in the news that the dividend would be 12 cents but hasnt declared it yet on Bursa it seems

Posted by Alan Wong > 2019-03-07 21:31 | Report Abuse

Haha I sold all Genting and Pump into Comercial Int Merchant Bank lo..switch

Posted by oregami > 2019-03-07 21:33 | Report Abuse

last yr declared on 16 Mar. ex on 28 Mar. pay on 30 Apr

Posted by Alan Wong > 2019-03-07 21:35 | Report Abuse

07 MaRCH
PROPOSED RENEWAL OF THE AUTHORITY FOR CIMB GROUP HOLDINGS BERHAD ('CIMB') TO PURCHASE ITS OWN SHARES.

Something Big Could Be Brewing ....Aqusation or Merger....it gonna be positive news

Posted by Alan Wong > 2019-03-07 22:07 | Report Abuse

2016 last buyback shares price went up

Posted by ariffrazak > 2019-03-07 23:11 | Report Abuse

oregami thanks. Swift move by the bank management to buyback its own shares since the price has gone significantly lower. PE is about 9 at the moment, surprisingly low.

Posted by Alan Wong > 2019-03-08 01:03 | Report Abuse

“We like Maybank (Malayan Banking Bhd) and CIMB [Group Holdings Bhd], as their local businesses are resilient, and there are potential improvement from their overseas operations as well,” Wong said.

Imran Yassin, meanwhile, said a stronger bank is relatively more capable in weathering any sudden shock in the market.

“We have ‘buy’ calls for CIMB, Maybank and Public Bank Bhd. We think CIMB is undervalued while our projection is that the group’s growth is stable and earnings are expected to be better in 2019.

Posted by Alan Wong > 2019-03-08 01:04 | Report Abuse

Here’s the link ya all ...wassup cimb
https://www.theedgemarkets.com/article/banks-remain-profitable-2019-%E2%80%94-analysts

Posted by jakar > 2019-03-08 04:10 | Report Abuse

“We have ‘buy’ calls for CIMB, Maybank and Public Bank Bhd. We think CIMB is undervalued while our projection is that the group’s growth is stable and earnings are expected to be better in 2019."

expect to rebound soon.

Posted by armadasaxon > 2019-03-08 08:14 | Report Abuse

armadasaxon after this all announcement,market will quiet..careful lor

28/02/2019 15:20

Posted by pamaladu > 2019-03-08 08:24 | Report Abuse

TQ Alan for the positive news

Posted by 129055444514385 > 2019-03-08 09:05 | Report Abuse

Higher profit higher dividend this month :)

Posted by 129055444514385 > 2019-03-08 09:25 | Report Abuse

CIMB is a much better buy than RHB, check it out yourselves :)

CIMB Financial Information
Market Capital (RM)
: 52.318b
Number of Share
: 9.564b
EPS (cent)
: 58.38 *
P/E Ratio
: 9.37
ROE (%)
: 10.87
Dividend (cent)
: 25.000 ^
Dividend Yield (%)
: 4.57
Dividend Policy (%)
: 0
NTA (RM)
: 5.371
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.


RHBBANK Financial Information
Market Capital (RM)
: 22.176b
Number of Share
: 4.010b
EPS (cent)
: 57.49 *
P/E Ratio
: 9.62
ROE (%)
: 9.88
Dividend (cent)
: 15.000 ^
Dividend Yield (%)
: 2.71
Dividend Policy (%)
: 0
NTA (RM)
: 5.820
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.

Posted by oregami > 2019-03-08 11:17 | Report Abuse

div as high as fd rate. upside potential 20% within a yr. save bet

Posted by Vin Cullen > 2019-03-08 11:53 | Report Abuse

This quarter Increase coz of disposed gain... Dont rush to enter.. Wait Bullish hammered performed only go in :D

Posted by Fabien Extraordinaire > 2019-03-08 12:11 | Report Abuse

Bought a bit 5.45

Posted by Plug > 2019-03-08 14:05 | Report Abuse

Bought 5.49 consider cheap already, now even cheaper...

Posted by ariffrazak > 2019-03-08 14:50 | Report Abuse

Global economics concern looks pretty gloomy. Cheaper everyday. I'll just wait for Monday, maybe cheaper.

Posted by Vin Cullen > 2019-03-08 15:56 | Report Abuse

When you think RM1 is cheaper.. You buy..It will drop to RM0.50 ~~ After that you think RM0.50 cheaper...It will turned (RM-0.50) :D This is what stock market Is !!