Posted by Sailangking > 2020-09-12 18:56 | Report Abuse

steady la.. believe cimb...... hahaha

Posted by CUTLOST > 2020-09-12 23:11 | Report Abuse

Cut loose. Let it be drag erm to zero

Posted by Andy555 > 2020-09-13 14:08 | Report Abuse

CIMB used to have JiB Jib Influence .... now ? Souless...

Posted by Andy555 > 2020-09-13 14:09 | Report Abuse

MBB HLB la

Posted by BearishTrend > 2020-09-13 21:15 | Report Abuse

Nice entry next year.. Maybe at that time best buy Rm1.99

Posted by punisher3333 > 2020-09-13 22:21 | Report Abuse

next year .rm3.99 min

Posted by CUTLOSS > 2020-09-14 09:15 | Report Abuse

2.5 pls come.

Posted by Jeffreyteck > 2020-09-14 09:35 | Report Abuse

How low can it be? Uum, may be follow epf and trust funds averaging down strategy but individuals don't have unlimited funds.

Posted by Sailangking > 2020-09-14 11:49 | Report Abuse

2.80........waiting....

Posted by DannyArcher > 2020-09-14 21:47 | Report Abuse

not yet next QR report already drop like this, imagine next QR they say got XXX bad loans... GG liao... drop to what? RM2?

Posted by CWYeong > 2020-09-14 22:09 | Report Abuse

Almost touch 19 March closing price, continue like that will break supporting price, gg... time to average down again

Posted by Loy Loy Cheong > 2020-09-14 23:21 | Report Abuse

US markets rally on vaccine news, recovery play will be back, I believe the banking counters will be back in play.

Posted by Goldgent > 2020-09-15 11:08 | Report Abuse

Now everyday queuing.......BUY second batch at 3.07.

Posted by Loy Loy Cheong > 2020-09-15 12:10 | Report Abuse

https://www.scmp.com/news/china/society/article/3100570/chinese-drug-firm-says-hundreds-thousands-have-been-given-covid?utm_content=article&utm_medium=Social&utm_source=Facebook&fbclid=IwAR15K-fV4nnI5UUn_UQOwmoVCit103pohOYz752a2apYhXMvl0XmO-s6h14#Echobox=1599891851

Hundreds of thousands have been given Covid-19 vaccines without a single infection, Chinese drug firm says

Days of vaccines will be here soon, recovery of economy will be at play with financials taking the lead.

Posted by dennisthemenace > 2020-09-15 14:24 | Report Abuse

Signs of climbing up

Posted by masterus > 2020-09-15 14:41 | Report Abuse

Luxembourg
Luxembourg strengthens status as offshore renminbi centre
Grand Duchy has become a preferred destination for funds investing into China

Posted by masterus > 2020-09-15 14:44 | Report Abuse

China’s currency hits 16-month high on retail spending boost
China’s currency hit its highest level in more than a year as retail sales rose for the first time in 2020, underscoring the country’s economic recovery from the coronavirus pandemic.

The onshore-traded renminbi strengthened as much as 0.4 per cent to Rmb6.7857 per US dollar on Tuesday, its firmest level since May 2019. That coincided with official data that showed retail spending increased 0.5 per cent in August compared to a year ago. The less tightly regulated offshore-traded renminbi strengthened 0.3 per cent, past Rmb6.8 per dollar.

Posted by goreng_kaki > 2020-09-15 15:40 | Report Abuse

REBOUND SIGNAL? TRAP?

Posted by Sailangking > 2020-09-15 15:49 | Report Abuse

I waiting downtrend... This batch.

Posted by getingreal > 2020-09-15 17:20 | Report Abuse

Selling is over done, bank shares have been punished enough for their playing charities. Talk of a rate cut did not materilise, loan write offs are unlikly to be as big a hit in the 4th 1/4 as people worry about. Its time to invest for the long term.

Posted by XiaoYa > 2020-09-15 17:21 | Report Abuse

Seem like no more cheap ticket for bank counters

Posted by XiaoYa > 2020-09-15 17:22 | Report Abuse

Next month start to pay back the bank loan

Posted by XiaoYa > 2020-09-15 17:22 | Report Abuse

Bank uptrend is in coming

Posted by Bloodslug666 > 2020-09-15 18:08 | Report Abuse

Nta 5.2,loan memorandum ending soon.. Wahhhhhhhh... So attractive this counter...

Posted by Bloodslug666 > 2020-09-15 18:09 | Report Abuse

Strong feeling it can easily up to 4

Posted by dennisthemenace > 2020-09-15 19:16 | Report Abuse

There are dreamers waiting TP2.8

Posted by zerocool7199 > 2020-09-15 21:04 | Report Abuse

Still not learn from every after market crash??banking stock will recover in very short period..just sell car sell house and all in at this current super discount price!!!

Posted by investmalysia > 2020-09-15 22:35 | Report Abuse

CIMB also don’t dare to buy can quit share market d lo

Posted by melanie1818181818 > 2020-09-16 04:49 | Report Abuse

Umobile 10b, IWH 5b ipo, both appointed cimb as advisor, back of envelope calculation based on 4-6% fees, it’s about 600-900m noii in 2021

Posted by investmalysia > 2020-09-16 08:11 | Report Abuse

Wow impressive, what you guys waiting for

Posted by JBond007 > 2020-09-16 08:20 | Report Abuse

Yes, Malaysia’s fourth largest mobile network operator’s IPO
https://www.theedgemarkets.com/article/newsbreak-u-mobile-appoints-cimb-ipo-adviser-targets-rm10-bil-rm11-bil-valuation

Posted by JBond007 > 2020-09-16 08:41 | Report Abuse

Iskandar Waterfront IPO
https://www.thestar.com.my/business/business-news/2020/09/15/iskandar-waterfront-targets-rm5bil-ipo-in-first-half-of-2021

Posted by Goldgent > 2020-09-16 09:09 | Report Abuse

Haha......Mr D.I.Y. Group (M) Berhad IPO will probably engage CIMB as well.
CIMB IB & Maybank IB have jointly drafted the prospectus few months ago.

Posted by investmalysia > 2020-09-16 14:50 | Report Abuse

CIMB is the strongest in investment banking. Especially corporate finance. Major deals win by CIMB

Posted by MickeyLimitUp > 2020-09-16 14:56 | Report Abuse

CIMB pls drop to 3.10 Im waiting for you my dear friend. Dont rush up so fast, you still left your underwear at my house.. hahaha

Posted by Sailangking > 2020-09-16 16:48 | Report Abuse

uptrend chart.... but still hope can drop 3.1 as well... lol

Posted by Up_again > 2020-09-16 17:04 | Report Abuse

How much valuation do you guys think T

Posted by yfchong > 2020-09-16 19:53 | Report Abuse

....

Posted by Jeffreyteck > 2020-09-16 20:56 | Report Abuse

When frogs' slogan is "promise", who dare to believe it? Anyway, no impact on cimb, remains stable.

Posted by masterus > 2020-09-17 06:30 | Report Abuse

Renminbi Gains Strength Against The U.S. Dollar
Sep. 16, 2020 5:50 AMUUP, UDN, CYB
Summary
The Chinese RMB has strengthened against the dollar in the region of 2.5% in the last four weeks.
The RMB moved from 6.951 to 6.770 per dollar - equating to a stronger RMB, or a weaker dollar.
The RMB is forecast to strengthen further, according to JPMorgan (as reported by the Financial Times).

Posted by WVB 68 > 2020-09-17 08:47 | Report Abuse

Bank counter moving . start collect loan payment .

Posted by Loy Loy Cheong > 2020-09-17 14:51 | Report Abuse

Insane dumping in the afternoon session today, all the gains yesterday have been given back. See whether closing will claw back some or not.

Posted by yfchong > 2020-09-17 21:47 | Report Abuse

All my hope is with CIMB

Posted by zerocool7199 > 2020-09-17 21:53 | Report Abuse

https://www.theedgemarkets.com/article/starhub-secures-first-sustainabilitylinked-loan-rm270m-cimb

Posted by Jeffreyteck > 2020-09-18 06:35 | Report Abuse

Still strong supported, otherwise should be around 2.50 amid expected poor results Q3 and Q4.

Posted by Good123 > 2020-09-18 10:45 | Report Abuse

CIMB shares settled 5 sen lower at RM3.18 today, its lowest in over 10 years, for a market capitalisation of RM31.56 billion. The stock is currently trading at 0.56 times to book.

Posted by Good123 > 2020-09-18 10:45 | Report Abuse

cimb is expected to rebound like Maybank last time

Posted by Good123 > 2020-09-18 10:46 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

CIMB GROUP HOLDINGS BERHAD

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARDAddressTINGKAT 19, BANGUNAN KWSP
JALAN RAJA LAUT
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.Company No.EPF ACT 1991Nationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary Shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest110 Sep 2020

500,000

AcquiredDirect InterestName of registered holderCITIGROUP - EPF BOARD (TEMPATAN)Address of registered holderTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR.Description of "Others" Type of Transaction
Circumstances by reason of which change has occurredCitigroup - EPF Board (TEMPATAN) - Acquired 500,000Nature of interestDirect InterestDirect (units)1,635,647,341Direct (%)16.48Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change1,635,647,341Date of notice11 Sep 2020Date notice received by Listed Issuer15 Sep 2020

Announcement Info

Company NameCIMB GROUP HOLDINGS BERHADStock NameCIMBDate Announced15 Sep 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-15092020-00093

Posted by Good123 > 2020-09-18 10:46 | Report Abuse

better late than never. buy for medium term :)

Posted by Good123 > 2020-09-18 10:52 | Report Abuse

CIMB – CIMB Niaga: Monthly Snapshot for July 2020

Date: 09/09/2020 

Source : MACQUARIE GROUPStock : CIMB     Price Target : 4.50     |     Price Call : BUY    Last Price : 3.17     |     Upside/Downside :   1.33 (41.96%) Back

In a Macquarie Equities Research (MQ Research) report released today, CIMB Niaga, a 92.5%-owned Indonesian subsidiary of CIMB Group Holdings (CIMB), reported a 19% fall in year-to-date net profits and return on equity of 7.7% on higher provisions. MQ research sees CIMB as a recovery play and maintains its target price at RM4.50.

Event

Indonesian banks published their monthly financial data for July.CIMB Niaga (a 92.5% subsidiary of CIMB that contributed 63% of 2Q20 profit before tax (PBT)) reported a -19% decline in year-to-date (YTD) net profits and return on equity (ROE) of 7.7% on higher provisions.

Impact

Falling net interest margin (NIM) and decelerating loan growth drove net interest income (NII) down -3% y/y. Non-interest income (NoII) also saw a drastic swing into -ve territory, -RP463bn for the month. Operating expenses (Opex) discipline ( 0% y/y) could not offset the drop in revenues, resulting in -21% year-on-year (y/y) in pre-provisioning operating profit. Provisioning decelerated month-on-month (m/m) July to RP479bn (June: RP559bn), still elevated vs historic levels and bringing net credit costs to 230bps YTD, the highest level since 2016. Overall, the challenging operating environment drove ROE to 7.7% YTD July. Notably, Niaga remains highly liquid on robust current accounts and savings accounts (CASA) growth vs deliberate selective deceleration in loan growth, particularly in commercial banking. The NoII swing aside, the trajectory is broadly within expectations.

Earnings and Target Price Revision

No change.

Price Catalyst

12-month price target: RM4.50 based on a Price to Book methodology.

Catalyst: 3Q20 results, peak provision guidance.

Action and Recommendation

MQ Research maintains CIMB as their preferred big cap Malaysian bank (RHB [RHBBANK MK, RM4.69, Outperform, TP: RM6.20] is overall top sector pick) on depressed valuations and -ve expectations well priced in. While earnings will remain under pressure through FY20, MQ Research sees CIMB as a recovery play.