CIMB GROUP HOLDINGS BERHAD

KLSE (MYR): CIMB (1023)

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Last Price

6.86

Today's Change

+0.03 (0.44%)

Day's Change

6.83 - 6.90

Trading Volume

8,495,600

Changes
Ann. Date Date Type Name Title View
Discussions
20 people like this. Showing 50 of 17,484 comments

Mabel

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.

4 weeks ago

MalaysiaEquityGuide

https://youtu.be/Tx3xLTmxU1s

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

4 weeks ago

troy88

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

4 weeks ago

yewnamhung

Can break RM7.00 today ???

4 weeks ago

Mabel

Broken oledi... Hihihi..

To Our Success

Meow Meow Meow

3 weeks ago

masterus

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

3 weeks ago

masterus

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

3 weeks ago

masterus

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

3 weeks ago

Mabel

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.

3 weeks ago

stkoay

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

3 weeks ago

masterus

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

3 weeks ago

masterus

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

3 weeks ago

pang72

Of course dares to enter la

3 weeks ago

enning22

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

3 weeks ago

stkoay

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

3 weeks ago

masterus

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

2 weeks ago

masterus

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.

2 weeks ago

Proff P...

TP-$7.20 this coming week.

2 weeks ago

Mabel

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

1 week ago

vinvin

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

1 week ago

stkoay

Cautiously added some at 6.77

1 week ago

stkoay

Yesterday, acted too fast picked up 6.82 :(

1 week ago

stkoay

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.

1 week ago

Pinky

@stkoay some pullback is healthy

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

1 week ago

itzmia

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

1 week ago

Mabel

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

1 week ago

Thirai Thiraviam

@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.

1 week ago

stkoay

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.

1 week ago

stkoay

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.

1 week ago

stkoay

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

1 week ago

pang72

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

4 days ago

Mabel

Good entry Pang...

4 days ago

pang72

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

4 days ago

pang72

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

4 days ago

pang72

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

4 days ago

stkoay

Wah @pang72 comes liao, I also want to add liao.
...every time pang72 comes, price sure will go up...
....and when he takes profit, price will go higher :p

1 day ago

pang72

Stkoay,
Lets join the most favarable banking bull..
Cimb is the leader now!

1 day ago

pang72

Please do witness CIMB catching up MBB..
So, taking profit or buy or hold...
You decides yourself. I am enjoying the slow and steady quiet bull buildup in CIMB

1 day ago

pang72

Please note day high is $6.87..
Key note to put into your reference because......

1 day ago

Pinky

Yeah Tiger Bank just won't hold above 10.00

Sotong Bank more potential

23 hours ago

pang72

Tiger bank is strong and resilient.
Sotong bank is lagged and good earning yet to show to the share price.
Sotong bank is catching up now

23 hours ago

pang72

Hopefully Sotong catches up Tiger soon..
Then, Tiger will lead all banking to move to next level above $10....xx

23 hours ago

pang72

Tenaga shot down government to drive the index to 1770points.
So, banking will take the lead for record index by year end...

6 more months to go...

23 hours ago

pang72

It still much possible to hit 1770 when Sotong meet Tiger at $10!!
Good friends hur!

23 hours ago

pang72

$6.88 over yesterday high at $6.87

3 hours ago

pang72

..... See you at $7 soon...
Then, $8,$9..... $10 for 1770 index target

2 hours ago

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