Posted by haohao88 > 2020-11-27 16:29 | Report Abuse

Monday continue again,,,no power now....

Posted by GorengHealthcare > 2020-11-27 16:36 | Report Abuse

big funds accumulating cimb while retailers who trapped struggling to run. Those buy from now is having good margin of safety when it drops from a high of 5.40

Posted by goreng_kaki > 2020-11-27 17:12 | Report Abuse

this CIMB really jia sai....

maybank, pbb, hlb net profit recover but







CIMB QR EVER WORST THAN LAST QUATER!!!!!!!!!!!!!

Posted by Ky Siow > 2020-11-27 17:13 | Report Abuse

Bad qr result if compare with other banks....

Posted by JK22 > 2020-11-27 17:15 | Report Abuse

Alamak Sotong

Posted by goreng_kaki > 2020-11-27 17:15 | Report Abuse

看来CIMB跌比其他银行凶不是没有道理的

Posted by JBond007 > 2020-11-27 17:18 | Report Abuse

Lucky sotong, still black, a mere 194 million.

Posted by Riaz1954 > 2020-11-27 17:19 | Report Abuse

Not too bad at all...recovery on site.

Posted by Miche87 > 2020-11-27 17:22 | Report Abuse

Sohai... HL record profit despite covid. Cimb profit drop like waterfall. Sohai

Posted by kens88 > 2020-11-27 17:24 | Report Abuse

monday how?

Posted by GorengHealthcare > 2020-11-27 17:26 | Report Abuse

monday red a bit lo, look at Genm results sucks only drop 2%.

But after this sure picking up big funds collecting for recovery play Vaccines contract signed.

Posted by Ky Siow > 2020-11-27 17:29 | Report Abuse

Cimb better change CEO lah! Other banks can recovery so soon, but cimb like shit! Must be magnament quality no good lah!

Posted by TomTay > 2020-11-27 17:39 | Report Abuse

This shows that CIMB profit is heavily reliant on loan repayments and is affected by the loan moratorium. Next quarter it will recover and be better.

Posted by Ky Siow > 2020-11-27 17:40 | Report Abuse

Harimau also regional business, but result quite on wat, so this must management problem loh, ask nazir balik jadi CEO lah...

Posted by chiahs > 2020-11-27 17:41 | Report Abuse

TnGo also belong to them

Posted by WarrenPuffet > 2020-11-27 17:42 | Report Abuse

CIMB Dun GIBBAB!!! Dun care what other people talk about you. Just slowly climb up!!!
GAMBARREH!!!

Posted by kens88 > 2020-11-27 18:03 | Report Abuse

Sotong eps quite low d

Someone faster say good things

Posted by Ky Siow > 2020-11-27 18:10 | Report Abuse

kinuxian If others can do well, only this CEO can perform well, sure must ask others candidate to replace him lah, even affin bank performance also better than cimb. Take so much salary but perform so weak, tak malu ?

Posted by Snowpiercer > 2020-11-27 18:12 | Report Abuse

Wow so bad qr

Posted by kens88 > 2020-11-27 18:13 | Report Abuse

Honestly didn't think this quarter can be so much worse than previous quarter

Posted by Snowpiercer > 2020-11-27 18:16 | Report Abuse

Opening will definitely get whack....deserve so

Posted by lkoky > 2020-11-27 18:23 | Report Abuse

lousy bank, no wonder EPA keep selling non-stop

Posted by cruger12345 > 2020-11-27 18:30 | Report Abuse

HOnestly speaking, I dont see it as bad as you guys think. The culprit is the loan loss provisioning. Lat Q Provided 1.5 Bil and this Q another 1.5 Bil. I think the worst could be over. In fact if everything goes as plan, the last Q which is the finaicial end Q you could see a provision write back which is norm for most of the banks. Provided the ECL and year end could write back if the condition is not as bad as expected.

Posted by futureGrowth > 2020-11-27 18:48 | Report Abuse

Monday sure will retrace. Not sure will retest again 3.00.

Posted by serendipity89 > 2020-11-27 18:54 | Report Abuse

wat kinda quarterly result is this 0o0

Posted by Loy Loy Cheong > 2020-11-27 19:04 | Report Abuse

The run up recently is too fast too furious without sufficient fundamental support, Monday will being it back to reality level and I think will remain down for the rest of the year.

Posted by Riaz1954 > 2020-11-27 19:13 | Report Abuse

Let’s be honest 2 huge doggy loans made to Singaporean companies are the reason for CIMBs bad performance. Both companies have been proven to be fraudulent and the auditors role is questionable! That said i suspect CIMB due diligence was not adequate...not surprising given that the regulators and other banks also have been mislead. The total cost is around 1.5 B plus tomCIMB shareholder. So much for fraudulent free Singaporean companies!

Posted by memorylane > 2020-11-27 19:31 | Report Abuse

the 2 famous singapore bad debt in the news previously has been recognized now... hopefully next quarter will be brighter...

Posted by Goldgent > 2020-11-27 19:33 | Report Abuse

The Star: CIMB's 3Q pre-tax profit improves sequentially on higher operating income
https://www.thestar.com.my/business/business-news/2020/11/27/cimb039s-3q-pre-tax-profit-improves-sequentially-on-higher-operating-income

Posted by mita29 > 2020-11-27 19:46 | Report Abuse

I expected sotong to make loss this Q or next Q but they shows me positive net income, so next Monday limit up or gap up.. @kens88 I said something good Dy, where is my angpow?

Posted by Bullbursa > 2020-11-27 21:04 | Report Abuse

One of the worst banks.

Posted by RedEagle > 2020-11-27 21:10 | Report Abuse

CIMB same level to BIMB and MBSB
Eerrmmmm...

Posted by Goldgent > 2020-11-27 21:28 | Report Abuse

The Edge: CIMB records lower net profit of RM194m in 3Q
https://www.theedgemarkets.com/article/cimb-records-lower-net-profit-rm194m-3q

Posted by Goldgent > 2020-11-27 21:31 | Report Abuse

The Sun Daily: CIMB sees 80.8% drop in Q3 net profit
https://www.thesundaily.my/business/cimb-sees-808-drop-in-q3-net-profit-FF5351160

Posted by mita29 > 2020-11-27 22:13 | Report Abuse

CIMB is now a high PE bank (21+), the tesla bank of Malaysia, the management team must be world class standard to deserve to such expensive valuation when there are so many cheaper alternatives.

Posted by firehawk > 2020-11-27 22:39 | Report Abuse

低利率环境导致该集团收入下滑，其中，消费者银行业务的税前盈利按年跌了47.5%；而商业银行业务更是从去年同期的税前盈利3.57亿令吉，转为税前亏损1.27亿令吉。

All glory gone along with Najib brother?

Posted by limkokthye > 2020-11-27 23:55 | Report Abuse

keong gan liao monday sure limit down

Posted by WarrenPuffet > 2020-11-28 07:08 | Report Abuse

Have to identify what's the reason for such low profit, not just see the final figure. As for the revenue comparing with last year did not drop much.
Anyway CIMB DUN GIBBAB!!! GAMBARREH!!!!

Posted by kens88 > 2020-11-28 07:46 | Report Abuse

Genting more shit also down few cents only

Posted by Jonathan Keung > 2020-11-28 07:58 | Report Abuse

Really disappointed with the Qtr result. Profit drop 80 % { assuming alot of non performing loans } bad quality clients

Posted by Riaz1954 > 2020-11-28 09:16 | Report Abuse

Those disappointed sell please those forward looking can invest for turn around. Look like folks being critical without understanding the reasons for poor performance...which boils down mainly to 2 huge institutional NPL out of Singapore!

Posted by splendidkiller > 2020-11-28 10:21 | Report Abuse

If added back the ECL back to their Profit Before Tax, actually it is much better than last year 3Q. ECL is very subjective, CIMB could get this money back in future.

Posted by Icon8 > 2020-11-28 10:46 | Report Abuse

QR result because appoint non-banker as CEO?

Posted by Ky Siow > 2020-11-28 11:58 | Report Abuse

Icon8 If in the exam, all classmate pass the exam, but only you failed in the exam. So do you think is exam question got problem or is you got problem? So if other banks performance is much better than CIMB. So is bank industry got problem or is the CEO & management got problem?

Posted by 5354_ > 2020-11-28 13:01 | Report Abuse

CEO contract until when?

Posted by 5354_ > 2020-11-28 13:02 | Report Abuse

Affin 1.6 even EPS higher.

Posted by stkoay > 2020-11-28 13:16 | Report Abuse

This is just the case of new people (CEO) clearing doubtful bad debts by previous management so that he is taking over with strong balance sheet.

Current bad debts was the result of previous management.

Current revenue and cost cutting measures are the results of current management....and will result in strong performance in future QR.

Current high provisioning had already been highlighted to analysts during earlier briefing.....that was why the stock price fell to around RM3.....current buying is recovery play.

Posted by Riaz1954 > 2020-11-28 13:54 | Report Abuse

Cimb represent better turnaround opportunity. Given the latest nos, things will get better from now on.....any price correction will be an opportunity to make 20-30%! All depends on how you base investment decision!

Posted by cockroach > 2020-11-28 14:55 | Report Abuse

so how was cimb qr good or bad?

Posted by stkoay > 2020-11-28 14:57 | Report Abuse

We understand that in 3Q20, provisions remained elevated. Further provisions (management overlay) have been set aside for all the key markets. The group has taken further conservative provisions on a forwardlooking basis in Malaysia based on the increase in credit risk following the targeted assistance programme (TAP). Over in Singapore and Indonesia, provisions have been topped up for certain legacy loans. By segment, provisions for consumer loans in Malaysia were more than that of the other countries. Meanwhile, for non-retail loans, the group is closely monitoring a few borrowers that under the sectors directly impacted by Covid-19.


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The above is a report published by Aminvestment IB on 28 OCTOBER.


https://klse.i3investor.com/blogs/AmInvestResearch/2020-10-28-story-h1535506627-CIMB_Group_To_Book_Further_Provisions_As_Management_Overlay_In_3Q20.jsp