Budget 2018: Response from banking sector

27 Oct 2017 - The Star Online
Tengku Datuk Sri Zafrul Aziz, group chief executive, CIMB Group Tengku Datuk Sri Zafrul Aziz, group chief executive of CIMB Group, said that Budget 2018's focus on bread-and-butter issues will go a long way towards ensuring the rakyat's interest. "The focus on building more than 385,000 affordable homes ...
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CIMB valuations attractive with strong projected earnings, Says Maybank IB

23 Oct 2017 - The Star Online
KUALA LUMPUR: Maybank Investment Bank Research has maintained its Buy call on CIMB and target price of RM7.50 based on a FY18 profit beore tax of 1.3x. "The recent share placements have depressed CIMB’s share price but valuations are attractive, in our view. At RM6.18, CIMB trades at a prospective FY18 ...
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AmInvestment maintains Hold on CIMB, provisions dampen CIMB Thai earnings

20 Oct 2017 - The Star Online
AmInvestment maintains Hold on CIMB, provisions dampen CIMB Thai earnings KUALA LUMPUR: AmInvestment Research has maintained its Hold recommendation on CIMB group with an unchanged fair value of RM6.70 a share. This is based on FY18/price-to-book value of 1.2x on the back of a return on equity of 10.4%. ...
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CIMB Thai posts lower nine-month profit on provisions

20 Oct 2017 - The Star Online
PETALING JAYA: CIMB Thai Bank pcl saw an increase in the bank’s consolidated income for the nine months ended Sept 30, 2017, but net profit was lower as a result of higher provisions. During the period in review, the 94.11%-owned subsidiary of CIMB Group Holdings Bhd posted a decline of 30.6% year-on-year ...
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CIMB Thai posts lower net profit in 9MFY17 on higher provisions

19 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd's subsidiary CIMB Thai posted lower net profit of 554.4mil baht (RM70.71mil) in the nine months ended Sept 30, 2017 due to higher provisions for non performing loans (NPLs). CIMB Thai, which is 94.11% owned by CIMB Group, reported on Thursday the 9M2017 net profit ...
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S&P affirms CIMB ratings, ups investment bank credit profile

19 Oct 2017 - The Star Online
KUALA LUMPUR: S&P Global Ratings affirmed its A- long-term and A-2 short-term issuer credit ratings on CIMB Bank Bhd (CIMBB) and CIMB Investment Bank Bhd (CIMBIB). It said on Tuesday the outlook on the long-term rating was stable. CIMBB is the main operating subsidiary of CIMB Group Holdings Bhd (CIMB ...
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S&P Ratings affirms CIMB ratings, ups investment bank credit profile

17 Oct 2017 - The Star Online
KUALA LUMPUR: S&P Global Ratings affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on CIMB Bank Bhd (CIMBB) and CIMB Investment Bank Bhd (CIMBIB). It said on Tuesday the outlook on the long-term rating is stable. CIMBB is the main operating subsidiary of CIMB Group Holdings ...
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CIMB slips on news of proposed stake sale by Khazanah

17 Oct 2017 - The Star Online
KUALA LUMPUR: Shares of CIMB Group Holdings Bhd fell to a low of RM6.14 early Tuesday as investors reacted to news about Khazanah Nasional’s plans to sell a stake at between RM6.13 and RM6.24. At 9.41am, it was down eight sen to RM6.16. There were 4.83 million shares done at prices ranging from RM6.14 ...
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Zafrul: Mitsubishi stake in CIMB picked up by institutional investors

2 Oct 2017 - The Star Online
KUALA LUMPUR: Mitsubishi UFJ Financial Group's (MUFG) stake in CIMB Group Holding Bhd has been absorbed by institutional investors. "Institutional investors both local, including Employees Provident Fund and Permodalan Nasional Bhd, and overseas had taken up MUFG's stake," said CIMB chief executive officer ...
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CIMB gets nod to sell Bank of Yingkou stake

27 Sep 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd has received the green-light from China’s banking industry regulator to divest its 18.21% equity interest in Bank of Yingkou Co Ltd (BYK). CIMB Group told Bursa Malaysia that the China Banking Regulatory Commission, through its letter dared Sept 26 (Tuesday), approved ...
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