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S&P affirms CIMB ratings, ups investment bank credit profile

2017-10-19 thestar.com.my
“We expect CIMBB to maintain its position among the top three largest Malaysian banks. CIMBB has established itself as a leading regional bank with a focus on countries in Asean, and is more geographically diversified than domestic peers,” S&P said (1-0)

CIMB slips on news of proposed stake sale by Khazanah

2017-10-17 thestar.com.my
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 to RM6.21. The FBM KLCI fell 1.08 points or 0.06% to 1,753.29. Turnover was 644.83 million shares valued at RM227. (3-0)

MUFG seeks to spend $900 million on acquisitions in US, Asia

2017-10-12 livemint
Tokyo: Mitsubishi UFJ Financial Group Inc.’s lending arm is seeking acquisitions of about ¥100 billion ($890 million) in Asia and the US to bolster its global operations, its top executive said. (59-0)

CIMB Group Chief: Local, foreign investors take up bank’s 4.56pc stake sold by MUFG

2017-10-02 themalaymailonline
Last month, MUFG sold its entire 412 million or 4.56 per cent stake in CIMB Group, reportedly for RM2.56 billion, as part of its strategic global master plan, which included a review of its portfolio of existing investment in affiliates. — Reuters picKUALA LUMPUR, Oct 2 — Mitsubishi UFJ Financial Group’s (MUFG) 4.56 per cent stake in CIMB Group Holdings Bhd have been taken up by both local and foreign institution investors, says CIMB Group Chief Executive Tengku Datuk Seri Zafrul Aziz Tengku Abdul Aziz. (3-0)

Nomura: Consumption recovery will drive Malaysian equity

2017-09-25 thestar.com.my
Nomura: A strong macro print and a gradual appreciation of the ringgit will likely sustain foreign inflows into equities, and we raise our KLCI targets by 3 each to 1,800 and 1,860 for end-2017 and 2018. — Reuters (26-0)

Breakfast briefing: Thursday, September 21

2017-09-21 thestar.com.my
MarketWatch: The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signalled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet. The DJIA rose 41.79 points, or 0.19% to end at 22,412.59, its seventh straight record close. The S&P 500 gained 1.59 points, or 0.06%, to 2,508.24, clocking its sixth record closing high in the last seven sessions. (661-0)

Foreign funds buy most of MUFG’s block of CIMB shares

2017-09-20 thestar.com.my
According to a source familiar with the deal, two-third of the block of 412.5 million CIMB shares had been taken up by foreign shareholders. “These are fund management companies,” the source told StarBiz. (3-0)

Thai PM backs proposal for better sea link

2017-09-16 thestar.com.my
BANGKOK: Malaysia's proposal for a better connectivity between Songkhla Port in southern Thailand and Penang Port has received a thumbs-up from Thai Prime Minister Gen Prayut Chan-o-cha.

MFRS 9 more likely to affect balance sheet

2017-09-12 thestar.com.my
According to AmBank Research, the impact of MFRS 9 will be greater on banks’ balance sheet because any increase in impairment losses provision will be charged to retained earnings.

CIMB launches Biz123 to help SMEs get financial services

2017-08-08 thestar.com.my
Launching of the Biz123 financial services platform by CIMB Group Holdings Bhd CEO Tengku Datuk Seri Zafrul Abdul Aziz (right) and CIMB Group group commercial banking CEO Yong Jiunn Run.

Asian stock markets up on positive outlook

2017-08-08 thestar.com.my
Capital inflow: Investors monitoring stock prices at a brokerage in Kuala Lumpur. On a year-to-date basis, foreign investors have bought RM10.8bil net from the open market.

Breakfast briefing: Friday, August 4

2017-08-04 thestar.com.my
MarketWatch: The S&P 500 and the Nasdaq fell on Thursday, weighed down by Amazon.com, Apple and other top-shelf technology stocks, while the Dow Jones Industrial Average edged up to a seventh straight record high. The DJIA edged up 0.04%, or 9.86 points, to end at 22,026.1, an all-time high. The S&P 500 lost 0.22% to 2,472.16 and the Nasdaq dropped 0.35% to 6,340.34. - Reuters

Maybank IB upgrades CIMB to buy, ups target price to RM7.50

2017-08-03 thestar.com.my
KUALA LUMPUR: Maybank Investment Bank Research has upgraded CIMB Group Holdings Bhd to a “buy” with a higher target price of RM7.50 from RM7 previously.

Breakfast briefing: Tuesday, August 1

2017-08-01 thestar.com.my
MarketWatch: The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower. The DJIA rose 0.28% to end at 21,891.12 points and the S&P 500 lost 0.07% to 2,470.3. The Nasdaq dropped 0.42% to 6,348.12. - Reuters

CIMB Niaga earnings surge to RM450mil

2017-07-31 thestar.com.my
President director of CIMB Niaga, Tigor M. Siahaan(filepic), said: “While we remain cautious, given the economic situation, we are optimistic that our positive performance in the first half will provide a strong impetus for further improvement of our results going forward.”

CIMB Niaga’s H1 net profit up 87.5% to RM449.7mil

2017-07-31 thestar.com.my
Tags / Keywords: Corporate News , Banking , CIMB Group Holdings Bhd , PT Bank CIMB Niaga Tbk

AmBank gets serious about SMEs

2017-07-31 thestar.com.my
Christopher Yap(filepic) is the person tasked to grow the lender’s SME segment housed under what it calls its business banking division. “Regardless of the backdrop of the merger, AmBank continues to work towards strengthening its growth trajectory,” the 44-year-old told StarBiz in an interview.

Would Grab command billions if it goes public?

2017-07-29 thestar.com.my
AFTER the latest round of fund-raising, Grab, the company that has taken the hired-car service industry in the region by storm, commands a valuation of US$6bil or RM25.6bil.

The e-wallet race hots up

2017-07-29 thestar.com.my
ELECTRONIC wallets (e-wallets) are all the rage in countries like India and China but only make up a small presence in Malaysia.

Malaysia has some well-run GLCs

2017-07-25 thestar.com.my
Datuk Seri Johari Abdul Ghani Speaking at the Invest Malaysia 2017 panel discussion. - Ong Soon Hin/The Star

UPDATE 1-Malaysia's CIMB to partner Alipay for mobile payment platform

2017-07-24 reuters
KUALA LUMPUR (Reuters) - CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

Malaysia's CIMB to partner Alipay for mobile payment platform

2017-07-24 reuters
KUALA LUMPUR, July 24 (Reuters) - CIMB Group Holdings Bhd , Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

Malaysia’s CIMB to partner Alipay for mobile payment platform

2017-07-24 themalaymailonline
A man walks out of a CIMB Bank in Kuala Lumpur July 10, 2014. — Reuters picKUALA LUMPUR, July 24 — CIMB Group Holdings Bhd, Malaysia’s second-biggest bank, this morning said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

Breakfast briefing: Monday, July 24

2017-07-24 thestar.com.my
MarketWatch: Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov 8 election of Donald Trump as US president, are facing weak earnings forecasts, little progress on tax reform and recent outflows. - Reuters

BOOST FOR MALAYSIA’S SOCIO-ECONOMIC INITIATIVE

2017-07-23 thestar.com.my
Standing tall: Norashikin received a lot of positive feedback after presenting SL1Ms initiatives at a UN forum.