Posted by troy88 > 2023-09-07 16:32 | Report Abuse

Fantastic big dividend ang pow!

Posted by speakup > 2023-09-10 21:30 | 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 > 2023-09-13 20:07 | 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 > 2023-09-15 16:55 | Report Abuse

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

Posted by speakup > 2023-09-16 11:26 | 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 > 2023-09-18 13:16 | Report Abuse

follow the trend, the trend is your friend.

Posted by speakup > 2023-09-19 07:41 | Report Abuse

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

Posted by stkoay > 2023-09-26 22:47 | 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 > 2023-09-28 14:04 | 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 > 2023-09-30 16:46 | Report Abuse

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

Posted by enning22 > 2023-10-01 12:40 | Report Abuse

no data suggests there is a recession,

Posted by kyliew > 2023-10-01 14:04 | Report Abuse

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

Posted by kyliew > 2023-10-01 14:06 | 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 > 2023-10-01 14:08 | 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 > 2023-10-01 14:11 | Report Abuse

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

Posted by enning22 > 2023-10-01 19:27 | Report Abuse

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

Posted by wahidpenang > 2023-10-02 23:10 | 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 > 2023-10-10 16:58 | Report Abuse

Wow....sotong so keng :p

Posted by speakup > 2023-10-10 21:10 | Report Abuse

super sotong mali!

Posted by wahidpenang > 2023-10-14 22:22 | Report Abuse

I will follow

Posted by willc48 > 2023-10-15 22:56 | Report Abuse

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

Posted by connor94 > 2023-10-17 08:46 | 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 > 2023-10-18 10:37 | 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 > 2023-10-18 10:43 | 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 > 2023-10-18 10:48 | 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 > 2023-10-24 15:17 | 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 NatsukoMishima > 2023-11-13 09:01 | 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 > 2023-11-15 11:15 | Report Abuse

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

Posted by stkoay > 2023-11-30 21:06 | Report Abuse

https://theedgemalaysia.com/node/692201

Posted by stkoay > 2023-11-30 21:07 | Report Abuse

Best YOY among banks

Posted by KingKoil > 2023-12-01 08:27 | Report Abuse

Gap up today. A green world today. Buy buy buy

Posted by troy88 > 2023-12-01 09:05 | Report Abuse

Good QR. Well done!

Posted by Jettson8 > 2023-12-01 10:54 | Report Abuse

Even its peers buy call this 😁

Posted by stkoay > 2023-12-01 12:15 | Report Abuse

Our Outperform call is affirmed with an unchanged dividend-derived target price of RM6.70.

Source: PublicInvest Research - 1 Dec 2023
https://klse.i3investor.com/web/pricetarget/research/69763

Posted by Travisbravis > 2023-12-01 13:32 | Report Abuse

hoot9 eeeee

Posted by Mabel > 2023-12-01 21:09 | Report Abuse

CIMB Group Holdings Berhad

Share Price 7 Day 1 Year
5.77 0.3% 2.3%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations
Third quarter 2023 results:
EPS: RM0.17 (up from RM0.13 in 3Q 2022).
Revenue: RM5.01b (up 11% from 3Q 2022).
Net income: RM1.85b (up 31% from 3Q 2022).
Profit margin: 37% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue.
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%.

Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.

Posted by Travisbravis > 2023-12-05 17:48 | Report Abuse

Kenanga gives CIMB TP 6.30

Posted by vinvin > 2023-12-18 17:53 | Report Abuse

Dear friends, any good news? Price still going up!

Posted by troy88 > 2023-12-19 10:02 | Report Abuse

Very steady. Has overtaken RHB by a good margin after years lagging behind..

Posted by SJSOON > 2023-12-19 11:43 | Report Abuse

Mantap CIMB! Marilah capai RM6.00. insya-Tuhan

Posted by stkoay > 2023-12-19 20:19 | Report Abuse

Wow...52 week high...

....based on current momentum, breaking 6 should be sap sap sui :)

Posted by yewnamhung > 2023-12-20 11:14 | Report Abuse

Mari mari breaking RM6.00, Santa Claus give present " Merry Christmas"

Posted by vinvin > 2023-12-20 15:07 | Report Abuse

Everyone is calling for RM6-00! Yes RM6-00 please!!!

Posted by Mabel > 2023-12-22 16:28 | Report Abuse

ASB holds 9.5% of the total shares of Maybank and CIMB as of 30 June 2023 respectively. This makes ASB the second largest shareholder of Maybank after Permodalan Nasional Berhad (PNB), which holds 48.6%. The total number of shares of Maybank and CIMB as of 30 June 2023 are 10,770,000,000 and 855,000,000 respectively.

Yesterday the Death Cross appeared at the MACD chart which signal massive selling (ASB and EPF) to lock profits to pay Dividends to their respective shareholders. This represents a good opportunity for Mabel to accumulate these two gems (South East Asia 4th and 5th Largest Bank)

Today Mabel Managed to accumulate Maybank at RM 8.880 and CIMB at RM 5.77 and RM 5.76..

Thank you for selling..

To Our Success!

Meow

Posted by Mabel > 2023-12-24 21:37 | Report Abuse

Haha don't worry...Santa is cuming to town..

NEW YORK (Dec 23): Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains. The S&P 500 is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The benchmark index is also on track for its eighth straight positive week.

If history is any indication, that momentum is likely to continue in the short term. The end of the year tends to be a strong period for stocks, a phenomenon dubbed the “Santa Claus Rally”. The S&P 500 on average has gained 1.3% in the last five days of December and first two days of January, according to data from the Stock Trader's Almanac going back to 1969. Those gains have been pinned on reasons varying from buying before the new year following tax-related sales to general holiday hopefulness.

This year, optimism is high. The Federal Reserve (Fed) surprised investors earlier in December by signaling that its historic monetary policy tightening is likely over and projecting rate cuts into 2024, following signs that inflation is continuing to moderate. Data on Friday supported that trend, showing annual US inflation, as measured by the personal consumption expenditures price index, slowed further below 3% in November.

Bursa Malaysia is anticipated to stage a rebound next week, buoyed by continuous support from foreign funds and improving economic conditions. From a technical perspective, the FTSE Bursa Malaysia KLCI (FBM KLCI) failed to surpass the critical resistance level of 1,465 despite a few attempts, followed by four consecutive days of decline and broke below the 20-day exponential moving average (EMA) on Friday. However, as the index has managed to hold above its 50-day EMA, the odds of an upside move are increasing. Hence, we believe the benchmark index is still in a consolidation mode with a slight positive bias.

As such, we anticipate the benchmark index to trend within the 1,450-1,470 range for next week, with immediate support at 1,450 followed by 1,440. On a Friday-to-Friday basis, the FBM KLCI fell 7.87 points to end the week at 1,454.38 versus 1,462.25 a week ago.

Meow

Posted by SJSOON > 2023-12-28 16:45 | Report Abuse

Finger cross. Hopefully tomorrow can close at RM6.00

Posted by SJSOON > 2023-12-29 10:34 | Report Abuse

Cheers. Today it is the last trading day of 2023z CIMB Mantap!

Posted by Layla123 > 2023-12-31 19:36 | Report Abuse

CIMB has successfully sold its shareholdings to CGS for RM780mil. Should start paying attention to this counter.

Posted by speakup > 2023-12-31 22:24 | Report Abuse

Maybe got Special Dividend next Q

Posted by Jack888 > 2024-01-03 16:10 | Report Abuse

6.00 coming!!