Posted by Pudica > 2015-03-06 12:01 | Report Abuse

Drop more buy more.. up down up down, you drop, I buy more, who want to sell, please sell, I want to grab more.

Posted by Vin Cullen > 2015-03-06 15:22 | Report Abuse

This trend showing STRONG UPTREND...Gonna break RM6.05 soon...

Posted by Pudica > 2015-03-06 15:43 | Report Abuse

HAHA, as mentioned who want to sell, please sell more, I want to buy more... Easily hit 5.8++ d, Uptrend like Rocket

Posted by Fong Kh > 2015-03-09 10:08 | Report Abuse

anyone acquires more?

Posted by Vin Cullen > 2015-03-09 13:46 | Report Abuse

Another Hammered again at RM5.70 ~

Posted by AlwayBoom > 2015-03-09 16:48 | Report Abuse

just collect

Posted by Havefun > 2015-03-10 07:44 | Report Abuse

So much buying support!!! Who is buying?

Posted by Fong Kh > 2015-03-10 11:08 | Report Abuse

epf

Posted by AlwayBoom > 2015-03-10 11:32 | Report Abuse

MUFG

Posted by Fong Kh > 2015-03-10 16:26 | Report Abuse

hiong hiong

Posted by Havefun > 2015-03-10 22:31 | Report Abuse

On steroid!!!!!!! Testing 6.05 soon.....

Posted by NoobTrader88 > 2015-03-11 09:44 | Report Abuse

alamakkk

Posted by Fong Kh > 2015-03-11 12:12 | Report Abuse

buy la

Posted by Vin Cullen > 2015-03-11 12:16 | Report Abuse

LOL !! THOR HAMMERED WILL HAPPEND AGAIN AFTER LUNCH ??

Posted by Fong Kh > 2015-03-11 12:20 | Report Abuse

one day down and one day up..another opportunity for the daring to make money

Posted by Vin Cullen > 2015-03-11 15:40 | Report Abuse

Make money only for BIG PLAYER 100,000 lots above :D

Posted by kleboy > 2015-03-11 17:58 | Report Abuse

When TA call for buy mean any high price can run.

Posted by Fong Kh > 2015-03-11 20:34 | Report Abuse

Drp again

Posted by prudentinvestor > 2015-03-12 10:26 | Report Abuse

EPF keeps buying this counter lately. Possibility of uptrend is higher.

Posted by Booyah > 2015-03-12 12:43 | Report Abuse

Reference is made to the announcement dated 3 March 2015 in relation to the DRS.
On behalf of CIMBGH, we are pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has resolved to approve the listing of and quotation for up to 105,250,000 new CIMBGH Shares to be issued pursuant to the DRS for the Second Interim Dividend, subject to the following conditions:

i. CIMBGH and CIMB Investment Bank Berhad (“CIMB IB”) must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the DRS share issuance (“DRS Share Issuance”);
ii. CIMBGH and CIMB IB to inform Bursa Securities upon the completion of the DRS Share Issuance; and
iii. CIMBGH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the DRS Share Issuance is completed.

This announcement is dated 11 March 2015.

Posted by Booyah > 2015-03-12 12:43 | Report Abuse

Can anyone explain what this is about?

Posted by iphone4 > 2015-03-12 13:49 | Report Abuse

CIMB seeking approval for additional Shares listing of CIMB shares for part or full reinvestment of dividend under the DRS (Dividend Reinvestment Scheme). DRS is supposedly to benefit shareholders to own additional shares at a discounted price .

Posted by Booyah > 2015-03-12 13:55 | Report Abuse

So still seeking approval? If it's approved, shareholders will need to apply for this DRS, else they will get dividend in cash? Anyway thanks for the explanation, iphone4 senpai!

Posted by iphone4 > 2015-03-12 17:55 | Report Abuse

Approval granted for 105.250 mil. shares. Shareholders can opt for the offer or cash dividend.

Posted by Vin Cullen > 2015-03-13 08:05 | Report Abuse

prefer cash..Since we are just small fish :D

Posted by iphone4 > 2015-03-13 10:02 | Report Abuse

Factor in RM10.65 (RM10 Stamp Duty + RM0.65 Postage) as additional cost of the subs.rights. If yr subs. right is small , forget it.

Posted by Vin Cullen > 2015-03-13 13:45 | Report Abuse

Even If 50,000 lots still cannot get 1,000 in Cimb ~ Since only 5sen dividend..

Posted by SinGor > 2015-03-14 07:19 | Report Abuse

Small lot--forget DRS. Take the RM10 and get your self a good Prawn Mee

Posted by rlch > 2015-03-14 17:22 | Report Abuse

Edge Weekly
Is the worst over for CIMB?
By Surin Murugiah / theedgemarkets.com | March 14, 2015 : 11:22 AM MYT
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KUALA LUMPUR (March 14): The Edge weekly in its latest edition spoke with CIMB Group Holdings Bhd (Financial Dashboard)’s newly confirmed group chief executive Tengku Datuk Zafrul Aziz on the outlook and direction of the country’s second largest banking group.

In an exclusive interview with the Edge’s Joyce Goh and Adeline Paul Raj, Zafrul said that the worst was over for the banking giant.

The Edge reported that one of the tough decisions Zafrul had to make with his team was to close down CIMB’s Australian business and cut jobs in Hong Kong, Taiwan and Singapore, where a total of 168 people were laid off.

The weekly quoted Zafrul as saying that the review was ongoing and that CIMB would continue to do it to achieve its targets.

The Edge said that CIMB, which was once a trailblazer in banking, was now one of the weaker performers in the industry.

The magazine said CIMB’s earnings had been declining for the last three consecutive quarters and it recently announced its worst quarter yet in terms of return on equity (ROE), achieving only 0.64% in its fourth quarter ended Dec 31, 2014 (4Q2014).

The Edge reported Zafrul as saying that the last six months as being very hectic, as CIMB weighed a potential merger with RHB Capital Bhd ( Financial Dashboard) and Malaysia Building Society Bhd ( Financial Dashboard) that failed to materialise.

It quoted Zafrul as saying that since the merger did not take place, the banking group was now focused on its mid-term strategy (T18).

“We’ve also reinvigorated our organisational structure and interlaced a mixture of new blood and experience in the new management line-up,” it quoted Zafrul as saying in his first interview since officially taking on the top job on Feb 27.

“We announced our results — not our best — but at the same time, we bulked up our capital base significantly and have outlined some very clear plans to move the firm forward with T18. All in all, I am optimistic and the task now is to focus on executing our plans,” said Zafrul.

CIMB saw its net profit fall 81% year on year to RM200.3 million in 4Q2014, mainly due to higher corporate banking loan impairments in Indonesia and Malaysia as well as a loss-making wholesale banking division.

Allowance made for impairment losses on loans, advances and financing almost tripled to RM919.2 million from RM308.5 million a year ago. Revenue dropped marginally by 3% y-o-y to RM3.67 billion.

For the full year, CIMB saw its net profit drop 31.6% to RM3.1 billion in 2014 from RM4.54 billion a year earlier. Allowance made for impairment losses, advances and financing jumped 131% y-o-y to a whopping RM1.52 billion. The group’s annualised FY2014 ROE was 9.2%, in stark contrast to the 15.5% achieved in FY2013.

Despite the tougher environment, CIMB’s rivals like Malayan Banking Bhd (Maybank) ( Financial Dashboard) and RHB Capital managed to grow their earnings last year. Maybank’s net profit grew a marginal 3% to RM6.72 billion while RHB Capital’s rose 11.5% to RM2.04 billion.

Zafrul says CIMB fared worse because it had the biggest exposure to the Indonesian market and a larger investment banking (IB) franchise regionally compared with the other local banks.

The Edge said that apart from battling a highly competitive market, which was eating into its profit, CIMB was facing another conundrum, on its talent front.

It said a number of its old guard recently left the group or are in the midst of leaving, including former CEO of corporate banking, treasury and markets Datuk Lee Kok Kwan and former group CFO and CEO of group strategy and strategic investments

Kenny Kim. Lee and Kim, who were with the group for many years and were among former group CEO Datuk Seri Nazir Razak’s trusted lieutenants, are now in advisory roles. Lee will also become a board member.

“We have a strong second layer to move up. A few changes have already been announced and for CIMB, it is a big thing. I don’t think we have done such a major reshuffling in the last 10 years,” Zafrul comments.

Just last week, CIMB announced more changes to its senior management team that saw Tigor M Siahaan nominated as president director of CIMB Niaga and the appointment of Effendy Shahul Hamid as CEO of group asset management and investments and Kwan Keen Yew as group chief compliance officer.

Indeed, all eyes are on Zafrul to see how soon he can deliver CIMB from this difficult period and get it into the next and more challenging phase of its journey.

Posted by Vin Cullen > 2015-03-16 16:00 | Report Abuse

Very hard to break 5.95 ~~ Need turbo to boost It !!

Posted by fkuling > 2015-03-17 11:54 | Report Abuse

can we still invest in this stock now..any suggestion?

Posted by J2529 > 2015-03-18 12:36 | Report Abuse

only 5 cents...............lousy

Posted by Fong Kh > 2015-03-18 15:37 | Report Abuse

6.02

Posted by Vin Cullen > 2015-03-18 17:04 | Report Abuse

LOL !! Showing Bearish Shooting star !!

Posted by SinGor > 2015-03-18 17:53 | Report Abuse

maybe last minute Force selling

Posted by davidkkw79 > 2015-03-18 23:03 | Report Abuse

Do cimb got borrow money to 1 MDB ?

Posted by AlwayBoom > 2015-03-19 11:32 | Report Abuse

road block 6.05

Posted by SinGor > 2015-03-19 16:36 | Report Abuse

Big sellers coming

Posted by Vin Cullen > 2015-03-19 17:39 | Report Abuse

TP : RM7.00 In long term ~

Posted by Nyalas1955 > 2015-03-24 01:03 | Report Abuse

In the last 10 minutes of Monday trading. CIMB SHARES WERE bought up at 6.04 by mammy maximum volume of 500,000! This is to ensure the share price is maintain so that ppl will take up the DRS at 5.51. Once these DRS SHARES ARE LISTED in April, PRICE MAY FALL!

Posted by GoodCompanies > 2015-03-24 09:22 | Report Abuse

Make no difference in the long term...just buy when you can CIMB shares. Accumulate over this time. At current level, it is undervalued even at rm7.

Posted by rlch > 2015-03-24 11:35 | Report Abuse

First EPF buy non stop. Now foreign fund also join?

Posted by Vin Cullen > 2015-03-24 11:57 | Report Abuse

CIMB break the resistance... Near term RM6.50 ~

Posted by money168 > 2015-03-24 12:06 | Report Abuse

only give 5 sen and ask shareholders to join DRS. 1000 mother share only can buy 9 DRS shares ==

Posted by tookosin > 2015-03-24 18:01 | Report Abuse

Yes, just buy and keep it.

Posted by astalavista > 2015-03-24 18:36 | Report Abuse

Yeah...today i sold all my cimb lots...kept from July last year

Posted by astalavista > 2015-03-24 18:36 | Report Abuse

Patience baby....patience

Posted by astalavista > 2015-03-24 18:37 | Report Abuse

Wil never buy cimb

Posted by kleboy > 2015-03-25 14:28 | Report Abuse

New target price RM 6.70, I was thinking will takes how long meeting the price.

Posted by Vin Cullen > 2015-03-25 17:22 | Report Abuse

2015 Good Year for CIMB ~~ The Worst Is Over !!
The EPS should stay at 50++
Market Cap value at 60Billion++