hahaha,
there is such think called copy and paste.

Due to the end-of-life support of the Windows 7 platform by Microsoft, we have a
remaining order book of Windows 10 platform upgrade amounting to RM10.8 million for
the final quarter of this year. The technology upgrade is a mandatory industry compliance
requirement that banks need to adhere to by the end of 2019. Barring any unforeseen
circumstances, we expect to fulfill the order backlog by the end of this year.

Fairly good result, actually.
compare to Public bank of 9 month Net profit growth of negative 2 %, CIMB net profit actually grew by 4.9%, which is better.
Just hope that it will continue to grow for the coming quarter.

Net profit of RM3.71 billion in 9M19 with a 4.9% YoY growth (excluding the RM928 million
one-off gain in 9M18), with annualised ROE of 9.1%
 Net profit was driven by strong operating income (+7.2% YoY) and reduced loan loss
provisions (down 9.8% YoY)
 Lower loan loss charge of 0.38% in 9M19 compared to 0.45% in 9M18
 Steady loan growth of 5.6% YoY driven by Consumer and Wholesale Banking
 Group CET1 ratio strengthened to 13.1% as at 30 September 2019
CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today reported a Profit Before
Tax (“PBT”) of RM4.90 billion for the first 9 months of 2019 (“9M19”), translating to a net
Earnings Per Share (“EPS”) of 38.4 sen. This was underpinned by the Group’s strong
operating income, steady loan growth and reduced provisions.
The Group recorded a strong operating income (+7.2% YoY) at RM13.27 billion, underpinned
by growth in net interest income (“NII”) and non-interest income (“NOII”). NII grew 5.0% YoY
to RM9.31 billion from the 5.6% loan growth, while the 12.8% improvement in NOII to RM3.96
billion came largely on the back of improved capital market activity. Net Interest Margin (“NIM”)
slightly declined to 2.47% in 9M19 (cf. 2.52% in 9M18), mainly from the spread compression
in Malaysia and Thailand.
Loan loss provisions declined 9.8% to RM1.03 billion, equivalent to a loan loss

@Risktransformer, agree with you that EPF will have major influence in the market. definitely will be wary of their actions. Potentially, they have certain privileged information that most of us do not have.

But, those who take up EPF slots will most likely be some institution buyers, retailers will not have such power. Really hope some one can share info here as who are the main buyers behind this. So, they would have done their research too.

Fundamentally, CIMB is not bad compare to its peers. Consistent div payout with 4 to 5 % yield is not bad for long term investing. Just as human nature, if you can have it at lower price, why not? :)

yes, not sure why is EPF having such a heavy selling.
But then, who are the buyers?

Major shareholders start to ask FA promoting already. :)

@riskabsorber, if you do not mind, can you please share where do you get the source shareholder buying details as you have mentioned for 29 Apr transactions?
thanks.

All small shareholders need to work together as a team to prevent this bully from major shareholders.

I think more importantly is that the company's NTA is 3.29. So, even if my previous entry price was at RM2, i will still be looking at RM3.29 as minimum because that is what the company is worth and so is my share in the company.
By offering 2.33, the company is therefore asking small shareholders to sell the shares back to the company at a discount of RM0.96 per share. This is definitely not a fair deal to small shareholders.
I just hope that majority of small shareholders understand this and not to trade at this 3.29 to 3.33 range now so that they cannot collect enough stocks to go thru the offer.
In fact, small holders should be buying more as we have another potential up side of RM0.96.

SC should come out with the ruling that if any of the major shareholders want to take its listed company private, it should be xx% of premium from its NTA or the last 5 days trading average price, which ever is higher.
This is to protect minority shareholders / investors from being rip off by major shareholders.

EPF holds 3.2%, Public mutual holds 6% and AmanaRaya holds 1.28%.
Let's see what these fund managers have to say.

Time to write to SC to block this offer as it is unfair to minority shareholders.

Bad deal to existing minority shareholders.
T4Q NAPS is RM3.29 and your are offering at 2.33? what a joke!!!
Major shareholders is buying at 30 % discount from minority shareholders at the price of RM2.33.
everyone should reject this deal.

Results had been consistent all these while except for last quarter, revenue grew almost 3 folds but NP not growing (flat to negative), which does not add up at all and no explain . let's see....

@ Valin
hahaha. you have such a good respond from them that makes me takes you as one of them. :)

BTW, who do you in communication with?
they never respond to my queries. :(

@ Valin,
Thank you very much for your great effort in seeking explanations from RGB and getting back to us.
We all know what is COS includes.
When I look at your NP margins, i am not just looking at your FY2017 only. I am also looking at your FY2016 and 2015 results where during those period you have huge interest cost to erode your margin and yet you still can produce decent NP margin. ( in FY 17, you have fully paid off your long term loan and hence margin erosion due to interest expense is minimal and therefore have better margin)

I fully understand the dynamics of business environment and hence its NP margin but just hard to accept the current NP result.

Anyway, i would like to comment on your great effort in growing your revenue but would like the mgmt and board to pay more attention on cost containment in the future quarters as revenue growth and EPS growth are always the key criteria in investment. Not just either one.

Thank you for the great effort all these years in generating good return to share holders and hope you will continue to do so.

@Valin, we understand that there were some carry over of Q1 revenue into this Q. The cost will be capture in the same period anyway.
But we are just very concern about COS jumping so much that eroded the NP by more than 8% but do not understand where it comes from.

Actually, RGB is one of the companies that had shown good mgmt to deliver predictable results all these years. As long term value investors for years, we expect it to deliver good revenue with expected NP for this quarter.
But it really caught off guard with such a poor NP results without much explanation is a poor communication between the board to the investors.

Big drop in share price is a reflection to management confident issue here.
As long term investors, when you see that revenue increased by 179% but cost of sales increased by 370% that resulted in NP margin drop of 8% without any proper explanation, what would you think and do?

Very disappointing results.
Revenue 166 M is great but PBT and NP is just so disappointing. Take pass average NP of 13.3%, with 166 M, NP should be 22 mil. even with the discount for forex losses and etc, it should still be able to clock in at least 15 Mil instead of 8.6 mil.
Can the MD please explain in details for its cost of sales (others) of 136.58 mil? What exactly are they consist of? why is there such a big jump. It just not proportionate to revenue increase.

Do not think this quarter result will be good. Oil Palm production output is about the same as corresponding period, but CPO price dropped by about 16% as compare to corresponding period.

Mgmt is not doing a good job in managing oil palm production output. Output rate is 10% below industrial average despite having 91% of planted trees are at prime mature age.

Sr executives should have pay cut.

EGM on 29th August for bonus issue. :)

http://www.rgbgames.com/home/news-clipping.html

Bonus issues had been conditional approved by SC pending shareholders approval in the coming EGM.
All to be concluded by Q3.

If they can have a CAGR of 25 to 30% for revenue and EPS growth continuously and consistently for next 3 to 5 years, Fund managers will sure be waiting at the door by then.

At the moment, it will just be a market lagger and only genuine investors, who can wait and think this is the business to be in will buy and be prepared to keep for 2 to 3 years.

As for its LA business, I am not that optimistic but is s good place to expand market territory. Just beware that it is also high risk in that region.

Most importantly, the executives must focus on growing the business and improve its EPS growth rate. Company Value creation is far more important than dual listing exercise in the region.

Fund Managers are just not interested in this Co.
They will just ask you to put your money in FDs rather than wasting your time and resources in this co.
Cold Eye already sold more than half of his holding as of March 2018.
what he is holdings are just his profits (free shares)
Current share price @0.25 is fair value (may be a little premium too) at its current EPS.
Need to hold for 2 to 3 years when their revenue and EPS doubles their current level then only share price will be at RM0.5 unless there is a break through in revenue and EPS for the current year.
This co. is for long term investors who think there is potential for business to grow with improve EPS and have trust and faith to the management team.

see you at 0.15.

RM1.95 special div will be given out in April according to schedule. so, your holding cost will be 38 cents for next 12 months to get RM1 back, assuming they cannot find any core business. :)

Revenue down, NP down, where is the 20% annual growth rate as stated in your corporate mission statement?

Ringgit strengthen, potential revenue and profit drop due to forex conversion losses for Q4 result. Do not expect good result for Q4.