CIMB (1023) Overview - CIMB GROUP HOLDINGS BERHAD

CIMB Group Holdings Bhd is a full-service bank based primarily in Malaysia and other Association of Southeast Asian Nations. The bank?s offerings include consumer banking, commercial banking, investment banking, Islamic banking, and asset management products and services. Most of the bank?s income is derived from net interest income. The vast majority of the bank?s earning assets are in loans, advances, and financing, while its portfolio of financial investments constitutes the next largest portion. The bank?s strategy emphasizes cost control and digital banking.

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20 people like this. Showing 50 of 17,499 comments

stkoay

https://www.cnbc.com/video/2024/06/06/malaysian-stocks-have-outpaced-the-asean-region-sgx.html

3 weeks ago

TrendSculptor

wow, singing competition 😯

https://www.nst.com.my/lifestyle/groove/2024/06/1061499/showbiz-cimb-rising-start-regional-singing-competition-open

3 weeks ago

masterus

The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.

Biz Community

2 weeks ago

masterus

PETALING JAYA: The United States returns around US$156mil (RM721.4mil) to the Malaysian Government marking the fourth installment of recovered misappropriated funds from the 1Malaysia Development Berhad (1MDB) scandal.

US Ambassador to Malaysia Edgard D. Kagan met Prime Minister Datuk Seri Anwar Ibrahim to confirm the handover of funds on June 11, according to a statement by the embassy.

2 weeks ago

Proff P...

TP-$7.20 this coming week.

2 weeks ago

teknikal

CIMB: Uptrend Intact

https://klse.i3investor.com/web/blog/detail/BursaTechnical/2024-06-17-story-h-158930858-CIMB_Uptrend_Intact

2 weeks ago

Mabel

Valuation
Rolling valuations forward to FY25, we raised CIMB’s TP to RM7.90 from RM7.50. Our valuation is based on an implied PBV of c. 1.14x based on the Gordon Growth Model. Buy reiterated on CIMB.
Source: TA Research - 4 Jun 2024

2 weeks ago

vinvin

Dear friends, what's the problem now, keep on dropping for two days? Thanks.

1 week ago

stkoay

Cautiously added some at 6.77

1 week ago

stkoay

Yesterday, acted too fast picked up 6.82 :(

1 week ago

stkoay

At 6.79, PE is below 10, cheapest among the top 3.
....for the strong hands, can slowly n cautiously pick up for long term keep....don't buy to trade.

1 week ago

Pinky

@stkoay some pullback is healthy

Sotong bank straight line too scary la if you see 1 year chart

1 week ago

itzmia

why is it keep dropping (sobs).. bought at 6.92 few days ago haha.. expected a 7+ …

1 week ago

Mabel

Profit Taking Continues

The FBM KLCI fell for an 8th straight day as profit taking activities continue. Selling continued in the broad market as well, however heavy hitters within the healthcare and transportation & logistics space kept their respective indices from falling into the red.

Meow

1 week ago

Thirai Thiraviam

@itzmia:
> I started buying shares when CIMB was selling at around RM3.40 four years ago. I have sold whenever the prices went too high and bought when the prices dropped sharply. Right now, I believe CIMB is undervalued. I am not adding anything now, but would likely do so should the price drop another 15%. So, don’t fret. Even if the prices stagnate at this level, you’d still be enjoying CIMB’s decent dividend.

1 week ago

stkoay

https://www.nst.com.my/business/2024/06/1066793/lofty-dividend-payouts-expected-fy2024-financial-health-improves

"By holding dividend stocks, investors can mitigate portfolio risk, as dividends provide a buffer against losses even if stock prices decrease.

"Additionally, dividend-paying stocks demonstrate lower volatility compared to non-dividend-paying counterparts," he said.

Banks and real estate investment trusts (REITs) are renowned for their attractive dividend yields.

He said UOB Kay Hian's in-house analysts project a dividend yield of 6.5 per cent in 2024 for the banking sector, with expectations for it to rise to 6.8 per cent in 2025 and further to 7.1 per cent in 2027.

1 week ago

stkoay

FBM KLCI on Uptrend

Mohd Sedek said the FBM KLCI has shown a consistent recovery since the fourth quarter of last year.

With robust support from foreign institutional buying activities, the FBM KLCI posted a year-to-date rise of 9.41 per cent, adding 136.83 points.

He said UOB Kay Hian Wealth Advisors has revised the year-end target for the barometer index upwards to 1,735, a level last seen in 2018, reflecting improved domestic liquidity.

"For reference, the bottom-up target is 1,713 and the hypothetical target at mean price-to-earnings ratio valuation would be 1,803.

1 week ago

stkoay

KUALA LUMPUR (June 24): MBSB Bank Bhd said on Monday that it is working closely with authorities to resolve a case concerning illegal withdrawals in Kota Kinabalu.

A thorough internal review initiated by the bank led to the commencement of a police investigation into the matter, said the Islamic bank in a statement on Monday.

It said the incident involved a syndicate that colluded with certain staff members, who are currently in police custody, to carry out the illegal withdrawals authenticated through forged identity cards used by the syndicate.

https://theedgemalaysia.com/node/716580

1 week ago

TrendSculptor

Nice, more stringent security

https://www.thestar.com.my/tech/tech-news/2024/06/26/cimb-to-require-securetac-authorisation-for-all-fund-transfers-by-end-of-june

6 days ago

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