Posted by Letsfly > 2023-08-18 20:58 | Report Abuse

share holders of CIMB, you should rejoice... CIMB would rather give more dividends to shareholders than bonus to employees...

Posted by hhhiii123 > 2023-08-18 21:08 | Report Abuse

https://theedgemalaysia.com/node/679179

Heavy penalty coming soon?

Posted by Riaz1954 > 2023-08-20 16:33 | Report Abuse

CIMB again caught out in Singapore. Singapore business for CIMB is an issue….worst loan write off and now money laundering….we all know despite MAS having a reputation for strict regulation officially has been found out ….lot of the money which comes in from China, Russia, India, U.K. etc is black money ….they let it through as it helps the economy, asset prices etc ….

Posted by Riaz1954 > 2023-08-20 16:37 | Report Abuse

Fines on CIMB will be immaterial ….unlike the bad loan write off few years back….

Posted by stkoay > 2023-08-23 16:55 | Report Abuse

....steady sotong :)

Posted by stkoay > 2023-08-25 16:54 | Report Abuse

Nice.....unlike some, morning pumped green but closing dumped red....haha
....so happy, nice and happy weekend for banks shareholders.....

Posted by YT8170C > 2023-08-27 22:41 | Report Abuse

Maybank, CMIB and BIMB roaring....
Two end with IB should having two start with M also
seeing that a lot of people discuss about mercury securities recently, Since they are working with m'sia stock biz guess and public mutual, guess their growth rate is super strong also. Maybe can put inside watchlist to monitor first....

Posted by stkoay > 2023-08-29 19:51 | Report Abuse

Tomorrow's result will help decide if to just hold or continue adding :)

Posted by kokchengkai > 2023-08-30 17:17 | Report Abuse

1.8 billion profit ,17.5 sen dividen .dunno enuf power to push it to RM6.00 or not

Posted by smartly > 2023-08-30 18:24 | Report Abuse

dividend keep increasing. good sign.

Posted by stkoay > 2023-08-30 19:13 | Report Abuse

2nd Q Banks report......
...the best 2 goes to......
....CIMB & Maybank.

My top 2 Heavyweight :)

Posted by stkoay > 2023-08-30 19:14 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3381914

Posted by speakup > 2023-08-31 09:30 | Report Abuse

https://www.malaymail.com/news/money/2023/08/30/cimb-q2-net-profit-rises-to-rm177b-on-higher-non-interest-income/88169
all i can say is WOW!

Posted by Riaz1954 > 2 months ago | Report Abuse

Well run bank now better t management than poorly governed companies like Genting family run rubbish highest paid ceo etc etc some Malaysians go on and on about Genting.Why? Who are they?

Posted by stkoay > 2 months ago | Report Abuse

They probably are little fan boys who fall in love easily...and don't know how to fall out after....haha :p
....happy weekend to all happy bank investors...

Posted by stkoay > 2 months ago | Report Abuse

Not OK....5.60 better :p

Posted by stkoay > 2 months ago | Report Abuse

@pang72......still collecting :)

Posted by stkoay > 2 months ago | Report Abuse

https://klse.i3investor.com/web/insider/detail/SBSH_568806_3191381177

62m shares.....who bought??

Posted by speakup > 2 months ago | Report Abuse

good thing im still holding my cimb from 3.80 🏆

Posted by NatsukoMishima > 2 months ago | Report Abuse

Digital bank coming , all the tradisional bank profits will drop significantly ! Good luck to all shareholder ! I will prefer digital bank higher deposit rate !

Posted by speakup > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/681546

Posted by troy88 > 2 months ago | Report Abuse

Fantastic big dividend ang pow!

Posted by speakup > 2 months ago | Report Abuse

Mediocre Banking Sector Results: NIM And NOII Centre Of Discussion
By
Editor -
September 10, 2023

The banking sector saw a mediocre season with earnings entirely within expectations, this is despite some surprises in tailwinds and headwinds. NIM compression this time was a lot heavier than previously guided for (recall that banks were guiding for “stable-to-minor” compression in 1Q23). NOII improvement was expected, being guided for as a core earnings driver (which came true, but it was unevenly distributed).

MIDF analysts give their guidance for the sector and it’s more skewed towards the negative, largely due to the slower-than-expected NIM recovery and potential asset quality irritation. Nearly all banks revised their NIM guidance downward.

However, on a more positive note, future quarters may see possible positive revisions to NCC guidance (they were initially too conservative). Earnings: Relatively stable, NIM and NOII are central focus. Aggregate Core Net Profit (Core NP) up by +0.6%qoq. It was a good quarter for topline – despite NIM compression, NII largely remained stable to slightly negative while NOII did mostly see solid improvement, mostly on the side of treasury income (though in some cases disappointed).

Provisioning did pick up from last quarter’s softer activity, with a few banks amping up on credit costs for a poorer macroeconomic outlook and asset quality irritation. There was a minor issue of slightly elevated tax rates in the quarter, due to higher provisioning and investment-related gains that are less tax deductible.

As for the balance sheet, growth was poor but expected to pick up. Weaker corporate loan growth offered downside pressure. Retail contributions – particularly solid mortgage and hire purchase growth – were bolstered by strong unsecured loan offerings. Unfortunately, this was not enough to offset weaker growth coming from the non-retail side – though the industry has guided for a much healthier post-election pipeline in 2H, maintaining their far-from-target loan growth forecasts. Deposit growth was more mixed, but liquidity remains ample.

CASA attrition on the other hand took a light breather as pricier FDs matured without renewal but should resume in subsequent quarters. Different banks took different approaches to managing NIM optimisation, hence reporting varying quarterly deposit growth figures.

Increasing impairment pressure within certain brackets, but heavy write-offs keep GILs manageable. Asset
quality pressure mainly came from the residential mortgages and SMEs linked to RA loans, though there was some
irritation already coming from riskier overseas and unsecured segments. Few banks have guided that GIL ratio is close to
peaking (or has already peaked). While LLC values have come down, some banks are looking at chunkier recoveries in the
coming quarters to keep this manageable while refraining from making larger allocations.

Among the banks, Maybank saw an unexpected, massive non-fee income gain within the quarter, CIMB displayed
exceptional performances in almost all aspects, especially loan growth. But Affin saw an abnormally sharp sequential drop in NIMs, which dragged earnings. RHB brought in decent quarterly earnings, but this was largely driven by overlay writebacks – while everything else was lacklustre.

From a pure valuation perspective, BIMB remains the most attractive while Affin is the least. Moving forward, the house is neutral for 2H outlook and doubts that ROE outlook is going to be that much better than 1H. Loan growth outlook is positive – banks are very optimistic about 2H’s non-retail pipeline. NIM outlook is more neutral – i.e. most banks are guiding stable to positive movement, though MIDF is cautious of year-end deposit competition.

On the other hand, more banks are opting for full-cash dividends. BNM doesn’t seem likely to exercise any additional leniency in capital ratio levels soon. Regardless, several banks have already guided for higher dividend payouts and halting DRP programmes – signalling that they are happy with current CET1 levels.

Posted by Mabel > 2 months ago | Report Abuse

Upcoming dividend of RM0.17 per share at 6.1% yield

Eligible shareholders must have bought the stock before 20 September 2023.
Payment date: 12 October 2023.
Payout ratio is a comfortable 53% but the company is not cash flow positive.
Trailing yield: 6.1%.

Within top quartile of Malaysian dividend payers (5.2%).
Higher than average of industry peers (5.2%).

Meow Meow Meow

Posted by stkoay > 2 months ago | Report Abuse

Wow....12m share done at pre close at 5.78 :)

Posted by speakup > 2 months ago | Report Abuse

Perak Corporation Berhad has entered into a Debt Settlement Agreement with CIMB Bank Berhad to settle the amount outstanding due and payable which stood at RM29.3 million.

The figure is based on the facility agreement the state-owned company’s subsidiary PCB Taipan went with CIMB to accept the revolving credit facility of RM30 million granted through various letters of offer and supplemental letters of offer from the bank. In 2020, CIMB had declared an event of cross-default by Perak Corp and its subsidiary PCB Taipan, in respect of the revolving credit facilities of up to RM90 million granted to them, following the declaration of an event of default by Affin Islamic Bank Berhad for financing extended to Perak Corp. CIMB had demanded full payment of the said revolving credit facilities.

Perak Corp said the debt settlement is part of the proposed debt settlement to restructure its debt obligations to comprehensively resolve the financial issues that has caused the group to trigger the prescribed criteria under the Practice Note 17.

Posted by enning22 > 2 months ago | Report Abuse

follow the trend, the trend is your friend.

Posted by speakup > 2 months ago | Report Abuse

TODAY LAST DAY TO BUY CIMB FOR BIG ANGPOW DIVIDEND 17.5!

Posted by stkoay > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/683908

He said banks’ net-interest margins are expected to improve in the last quarter of the year on easing credit cost and lower effective taxes.

“Banks have displayed resilience and achieved solid earnings in the recent quarterly results. We like Malayan Banking Bhd, RHB Bank Bhd and CIMB Group Holdings Bhd for their solid dividend yield while AMMB Holdings Bhd for its attractive valuations,” said Thong.

Posted by speakup > 2 months ago | Report Abuse

https://www.malaymail.com/news/money/2023/09/28/duitnow-qr-cimb-to-retain-zero-transaction-fees-for-merchants-until-december-31/93296
bank prihatin

Posted by kyliew > 2 months ago | Report Abuse

Recession is around the corner yield curve inverted so much. Keep cash for next crash sale.

Posted by enning22 > 2 months ago | Report Abuse

no data suggests there is a recession,

Posted by kyliew > 2 months ago | Report Abuse

Everytime yield curve inverted, between 1-3 yrs recession will follow. Inverted since March 2022...

Posted by kyliew > 2 months ago | Report Abuse

Did u buy RM3.00 cimb in Oct 2020? I bought RM3.20 because too early enter b4 that due to FOMO

Posted by kyliew > 2 months ago | Report Abuse

When recession hit, u must "all-in". For now, put FD rollover 1-month by 1-month to earn some interest while waiting for the opportunity

Posted by kyliew > 2 months ago | Report Abuse

Maybank, PB, CIMB.... Malaysia Top-3 banks

Posted by enning22 > 1 month ago | Report Abuse

keep for medium and long term as investment for banking stocks.

Posted by wahidpenang > 1 month ago | Report Abuse

Maybank saw an unexpected, massive non-fee income gain within the quarter, CIMB displayed
exceptional performances in almost all aspects, especially loan growth.

Posted by stkoay > 1 month ago | Report Abuse

Wow....sotong so keng :p

Posted by speakup > 1 month ago | Report Abuse

super sotong mali!

Posted by wahidpenang > 1 month ago | Report Abuse

I will follow

Posted by willc48 > 1 month ago | Report Abuse

goreng cimb & ambank. potential M&A rumour coming soon. market news very kuat...political hidden hand again???

Posted by connor94 > 1 month ago | Report Abuse

EPF disposed shares at an average price of RM5.40 per share. What are your thoughts on this decision? https://www.facebook.com/groups/269692053078872/posts/6670028913045122/

Posted by enning22 > 1 month ago | Report Abuse

cimb is a multinational banking business. this includes indonesia thailand and malaysia.

Indonesia's economy advanced by 5.17% yoy in Q2 of 2023, faster than market forecasts of a 4.93% gain, and after a marginally revised 5.04% growth in Q1. This was the 9th consecutive period of expansion and the strongest pace in three quarters, as household consumption accelerated during the fasting month of Ramadan and the Eid-ul Fitr festivals (5.23% vs 4.54% in Q1). Also, there was a strong pickup in both government spending (10.62% vs 3.45%) and fixed investment (4.63% vs 2.11%). Net trade, however, contributed negatively, amid falls in both exports (-2.75%) and imports (-3.80%). On the production side, output growth quickened for agriculture (2.02% vs 0.43%% in Q1), manufacturing (4.88% vs 4.43%), mining (5.01% vs 4.92%), wholesale & retail trade (5.25% vs 4.92%), communication (8.02% vs 7.13%), and construction (5.23% vs 0.32%). The central bank for this year projected the economy to grow between 4.5-5.3%. In 2022, the economy expanded by 5.31%, the most since 2013. source: Statistics Indonesia

Posted by enning22 > 1 month ago | Report Abuse

The Gross Domestic Product (GDP) in Malaysia expanded by 1.50 percent quarter-on-quarter in the second quarter of 2023, the second straight quarter of expansion, after a 0.90 percent growth in the previous quarter. source: Department of Statistics, Malaysia

Posted by enning22 > 1 month ago | Report Abuse

Thailand’s economy rose 0.2% quarter-on-quarter in the three months to June 2023, well below market forecasts of 1.2% and slowing from a 1.9% expansion in the prior period. The slowdown was mainly due to the contraction from government spending (-0.8% vs -1.2% in Q1) and fixed investments (-2.8% vs 1.1%). Meanwhile, private consumption continued to rise further (3.7% vs 2.6%). Net trade contributed negatively to the GDP, as imports (2.2% vs 4.1%) grew faster than exports (1% vs 3.7%). On the production side, the agriculture sector decreased (-2.8% vs 2.9%) and the non-agriculture sector eased (0.5% vs 1.7%), due to smaller increases from the industrial (0.2% vs 0.7%) and services sector (0.9% vs 1.9%). source: Nesdb, Thailand

Posted by wahidpenang > 1 month ago | Report Abuse

We like Malayan Banking Bhd, RHB Bank Bhd and CIMB Group Holdings Bhd for their solid dividend yield while AMMB Holdings Bhd for its attractive valuations,” said SCMP

Posted by Mabel > 3 weeks ago |

Post removed.Why?

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Deposit Flight Hits all the banks soon , Banking Industry Is ‘Gradually Shrinking ! Bank stocks not a safe haven anymore ! SELL

Posted by enning22 > 2 weeks ago | Report Abuse

US stocks and treasuries surged after softer-than-expected US inflation - Newsquawk Asia-Pac Market Open