Posted by stkoay > 1 month ago | Report Abuse

This one....save the best for last :)
....QR will probably on the last day evening.

Posted by stkoay > 1 month ago | Report Abuse

1Q24.....another 3 more days wait :)

Posted by stkoay > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/713691

CIMB Investment Bank and BofA Securities are the joint bookrunners for the block of shares being put up via ANZ Fund.

Posted by stkoay > 1 month ago | Report Abuse

By Marcus Wong / Bloomberg
31 May 2024, 12:19 pm
main news image
Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves.

(May 31): The ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction.

The currency — which has climbed nearly 1% since the end of February — is expected to rise to 4.65 per dollar by year-end from 4.7050 now, according to strategists surveyed by Bloomberg. Rising foreign inflows and income repatriation by state firms are fuelling the optimism.

Analysts are predicting that the ringgit’s rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves. Local stocks are set to receive their first monthly inflow since February while overseas investors snapped up US$233 million (RM1.1 billion) of the nation’s bonds in April.

The ringgit’s performance is due to “foreign inflows into domestic equity and bond markets, improved growth prospects and a widening of the current-account surplus”, said Christopher Wong, a strategist at Oversea-Chinese Banking Corp in Singapore.

Posted by stkoay > 4 weeks ago | Report Abuse

59m shares changed at pre close at 6.84

....so BIG volume :p

Posted by smartly > 4 weeks ago | Report Abuse

beautiful q result. RM7 coming...

Posted by stkoay > 4 weeks ago | Report Abuse

Profit 1.9b
EPS 18.16 sen

Posted by stkoay > 4 weeks ago | Report Abuse

Top 3 Banks 1Q Results

MBB Net Profit 2.48B EPS 20.63 sen QoQ +4.2% YoY +9.8%

CIMB Net Profit 1.93B EPS 18.16 sen QoQ +12.9% YoY +17.7%

PBB Net Profit 1.65B EPS 8.52 sen QoQ +2.35% YoY -3.54%

Posted by Thirai Thiraviam > 4 weeks ago | Report Abuse

Given the latest results, the TTM EPS rises to 68.2 cents. Should we assume its historic PER of 12.3 holds, the new target price would be RM8.38, a price that the stock last hit 11 years ago!

Posted by jluck > 4 weeks ago | Report Abuse

If cimb can keep up with such performances in their next few quarters rm 8 to 10 is highly possible. Compare to some other banks their dividend still consider low. Hope they will pay more dividends.

Posted by enning22 > 3 weeks ago | Report Abuse

relax ,definitely will come to these targets.

Posted by Mabel > 3 weeks ago | Report Abuse

CIMB Group Holdings Bhd reported an 18% increase in net profit for the first quarter compared to the same period last year, driven by faster growth in both interest and non-interest income compared to costs and provisions. The bank recorded a net profit of RM1.94 billion for the three months ending March 31, 2024, up from RM1.64 billion in the same period in 2023. Net interest income experienced a 7.7% YoY growth, reaching RM3.79 billion, while non-interest income surged by 24.5% to RM1.84 billion. CIMB Group did not declare any dividends for the quarter.

Posted by MalaysiaEquityGuide > 3 weeks ago | Report Abuse

https://youtu.be/Tx3xLTmxU1s

banking sector small comparison i did, please see the youtube video on this, I will do more so please subscribe

Posted by troy88 > 3 weeks ago | Report Abuse

Great QR once again. CIMB is probably the best performing bank currently..

Posted by yewnamhung > 3 weeks ago | Report Abuse

Can break RM7.00 today ???

Posted by Mabel > 3 weeks ago | Report Abuse

Broken oledi... Hihihi..

To Our Success

Meow Meow Meow

Posted by masterus > 3 weeks ago | Report Abuse

Report: US imposes sanctions on Malaysian semiconductor company [WATCH]
By New Straits Times
June 4, 2024 @ 12:02am

Posted by masterus > 3 weeks ago | Report Abuse

In future, if they go mad, they pull off the Swift connection. Beware.

Posted by masterus > 3 weeks ago | Report Abuse

Is their currency, your problem, almighty dollar every begging.

Posted by Mabel > 3 weeks ago | Report Abuse

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

EPS: RM0.18 (up from RM0.15 in 1Q 2023).
Revenue: RM5.22b (up 12% from 1Q 2023).
Net income: RM1.94b (up 18% from 1Q 2023).
Profit margin: 37% (up from 35% in 1Q 2023). The increase in margin was driven by higher revenue.

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.

Posted by stkoay > 3 weeks ago | Report Abuse

The boat comes back for those who dare to get on board :)

Posted by masterus > 3 weeks ago | Report Abuse

China Solar Firms Halt Output in Southeast Asia on US Curbs
Longi, Trina Solar are winding down production: Chinese media
Washington has stepped up actions to protect domestic market

Posted by masterus > 3 weeks ago | Report Abuse

As long as dollar and military supremacy have power, anyone will be a scapegoat. Next scapegoat is who?

Posted by pang72 > 3 weeks ago | Report Abuse

Of course dares to enter la

Posted by enning22 > 3 weeks ago | Report Abuse

countries have the right for protectionism, simple economic, why links military and scapegoat etc,etc . such a brainwashed kaki.

Posted by stkoay > 3 weeks ago | Report Abuse

@pang72....not happy there, happy here....haha
....added again yesterday...
....cheers

Posted by stkoay > 3 weeks ago | Report Abuse

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

Posted by TrendSculptor > 2 weeks ago | Report Abuse

wow, singing competition 😯

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

Posted by masterus > 2 weeks ago | Report Abuse

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

Posted by masterus > 2 weeks ago | Report Abuse

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.

Posted by Proff P... > 2 weeks ago | Report Abuse

TP-$7.20 this coming week.

Posted by teknikal > 1 week ago | Report Abuse

CIMB: Uptrend Intact

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

Posted by Mabel > 1 week ago | Report Abuse

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

Posted by vinvin > 1 week ago | Report Abuse

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

Posted by stkoay > 1 week ago | Report Abuse

Cautiously added some at 6.77

Posted by stkoay > 1 week ago | Report Abuse

Yesterday, acted too fast picked up 6.82 :(

Posted by stkoay > 1 week ago | Report Abuse

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.

Posted by Pinky > 1 week ago | Report Abuse

@stkoay some pullback is healthy

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

Posted by itzmia > 1 week ago | Report Abuse

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

Posted by Mabel > 1 week ago | Report Abuse

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

Posted by Thirai Thiraviam > 1 week ago | Report Abuse

@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.

Posted by stkoay > 1 week ago | Report Abuse

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.

Posted by stkoay > 1 week ago | Report Abuse

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.

Posted by stkoay > 5 days ago | Report Abuse

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

Posted by TrendSculptor > 3 days ago | Report Abuse

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

Posted by pang72 > 2 days ago | Report Abuse

My last entry 6.77...
No more money liao!!!

Posted by Mabel > 2 days ago | Report Abuse

Good entry Pang...

Posted by pang72 > 2 days ago | Report Abuse

It is very attractive price at $6.77
I must sacrifice other nonperformance stock to much resilient cimb in the correction time

Posted by pang72 > 2 days ago | Report Abuse

Date Open Price Target Price Upside/Downside Price Call Firm View
2024-06-04 6.87 7.90 +1.03 (14.99%)
BUY
TA
2024-06-04 6.87 7.60 +0.73 (10.63%)
BUY
RHB-OSK
2024-06-04 6.87 7.20 +0.33 (4.80%)
BUY
PUBLIC BANK
2024-06-04 6.87 7.60 +0.73 (10.63%)
BUY
KENANGA

Posted by pang72 > 2 days ago | Report Abuse

Target price quite consistent range from $7.20 to $7.90 by few IB