Cimb Group Holdings Berhad

Titan Trading Notes For Monday [7/4/2025]:

KLCI retraced back towards the 1504 points region with an overall negative market sentiment here as we saw over 770 counters closing red for the day. Daily trading volume settled around the 1.8 billion mark, which is a new low for 2025. Definitely looking very bearish here.

There were no stocks that showed strong buying momentum on the top volumes list on Friday.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since retracing back towards the RM 6.80+ main support levels, been able to show some decent buying support over the past few weeks despite the weak market sentiment, and is hovering around the RM 7+ support levels.

For now still sideways here and needs to breakout from its RM 7.20+ major resistance levels before we can expect further upside. Foreign funds still selling quite heavily here for CIMB and we will need to wait for it to subside first before expecting further strength.

Will be monitoring CIMB closely.

$INARI / 0166 (INARI AMERTRON BERHAD) on the other hand also took quite a huge hit and retraced all the way back towards the RM 1.88 levels on the daily chart here with huge selling activities.

For now could be testing its RM 1.85+ major support levels soon and if unable to hold, could go down further towards the RM 1.75+ main support levels on the weekly charts before we can expect a potential rebound.

Will be monitoring INARI closely.

Market sentiment expected to be very volatile as US effectively started a trade war against everyone, including its allies all over the world. Due to uncertain trade policies, the whole market is in major panic mode now.

That said, I don't think we will be in this stage for a prolonged period as no country will be able to survive this, including the USA. This should be a good opportunity for bargain hunting instead but with caution as we still don't know what kind of cards Donald Trump is keeping.

Expecting the coming few weeks and months to be very volatile and a good opportunity to buy good stocks on the cheap here.

Titan Trading Notes For Thursday [3/4/2025]:

KLCI had a decent rebound back towards the 1526 points region with an overall negative market sentiment here as we still saw over 630 counters closing red for the day. Daily trading volume however saw a huge dip back towards the 2.3 billion mark, which is not a good sign.

Main stocks that showed strong buying momentum today would be the likes of CIMB, MYEG, MRDIY, AMBANK, POS, MAYBANK, AVANGAAD, TENAGA, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since retracing back towards the RM 7+ support levels over the past 2 days, been able to rebound back strong towards the RM 7.14+ regions today with good volume and buying momentum despite the weak market sentiment.

For now as long as able to sustain above its RM 7+ support, could breakout from its RM 7.35+ major resistance levels to start trending back up towards the RM 7.50+ regions soon in the coming weeks.

Will be monitoring CIMB closely.

$POS / 4634 (POS MALAYSIA BERHAD) since its earlier breakout from its RM 0.21+ main downtrend resistance levels over the past week, been able to sustain the buying momentum and broke out towards the RM 0.275 regions today with good volume and buying momentum despite the weak market.

For now, it's looking quite strong and as long as able to sustain above its RM 0.25+ immediate support, could breakout back towards and beyond its RM 0.30+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring POS closely.

Bursa Malaysia still facing foreign fund outflows + retail participation is dropping bit by bit here...whole market is getting dry and we will have to be very patient and wait this out.

Only focus on stronger counters and just monitor closely first until foreign funds come back as buyers soon. When we hit rock bottom, the only way is up.

Titan Trading Notes For Tuesday [25/3/2025]:

KLCI retraced back towards the 1503 points region with an overall negative market sentiment today as we saw over 600 counters closing red for the day along with it. Daily trading volume settled around the 3 billion mark, mainly dominated by sellers still.

Main stocks that showed strong buying momentum would be the likes of CIMB, RL, KPJ, OPSTAR, and TTVHB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since taking a huge hit over the past month, been hovering around the RM 6.80 - RM 7 major support levels over the past 2 weeks here on the daily chart as foreign funds continue to sell heavily and are moving out from Bursa Malaysia.

Over the past 2 weeks, local funds been snapping up these CIMB shares, which explains why there is such a strong support around the RM 6.80+ levels. If able to keep this up, could breakout from its RM 7.10+ resistance and start bouncing back towards the RM 7.30+ regions soon in the coming weeks.

Will be monitoring CIMB closely.

BNASTRA since retracing all the way back towards the RM 1.70+ support levels, been able to recover quite well over the past week and today, was able to breakout back towards the RM 1.83 regions on the daily chart with good volume.

For now, it's looking quite strong here and as long as able to sustain above its RM 1.75+ immediate support levels on the daily chart, could continue to trend back up towards and beyond the RM 1.90 all time high levels soon.

Will be monitoring BNASTRA

Titan Trading Notes For Thursday [13/3/2025]:

KLCI resumed its sell down and retraced all the way back towards the 1484 points region with still an overall negative market sentiment here as we still had over 650 counters closing red for the day along with it. Daily trading volume still settled around the 3 billion mark, mainly dominated by sellers still.

Main stocks that showed strong buying momentum would be the likes of SAPNRG, NATGATE, MRDIY, MYEG, and 99SMART. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since breaking out towards the RM 8.40+ regions, been taking a huge hit over the past few weeks here, plunging all the way back towards the RM 6.92+ major support levels with huge selling pressure.

For now seems to be looking weak here as foreign funds continue their sell down in huge volumes. If unable to rebound back towards the RM 7.20+ regions, could head back towards the RM 6.85 - RM 6.90+ main support levels soon in the coming week.

Will be monitoring CIMB closely as I believe fundamentally it is still solid with dividend yields of over 6% now.

$GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD) since retracing all the way back towards the RM 1.30 from the day before, been able to form a dip and bounced back towards the RM 1.45 regions with good volume and buying momentum today.

It still was able to close green around the RM 1.45 regions here with good volume despite the weak market. If able to sustain above its RM 1.40 support, could bounce back towards the RM 1.50 - RM 1.65+ major resistance levels soon in the coming weeks.

Will be monitoring GREATEC closely.

Titan Trading Notes For Wednesday [12/3/2025]:

KLCI retraced further down towards the 1520 points region with an overall bearish market sentiment as we still saw over 900 counters closing red along with for the day. Daily trading volume however was able to see a minor surge back towards the 3.7 billion mark, mainly still dominated by selling activities here.

Main stocks that showed strong buying momentum today would be the likes of NATGATE, NEXG, SCGBHD, YTL and DNEX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) although retraced all the way back towards the RM 1.03+ major support levels earlier this morning, was able to rebound strong and closed back green around the RM 1.15 regions with good volume and buying momentum here.

Seems to have formed its major dip region here already and if able to sustain above its RM 1.10+ immediate support levels, could breakout from its RM 1.18 - RM 1.20 main downtrend resistance levels for a further rebound soon after being oversold for so long.

Will be monitoring NATGATE closely.

$SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD) on the other hand since retracing all the way back towards the RM 0.94+ main support levels earlier this morning, was also able to rebound strong back towards the RM 1.05+ regions with good volume and buying momentum, especially towards closing.

May have formed its mid term dip region here already and if able to sustain above its RM 1+ major support levels on the daily chart, could continue to trend back up towards the RM 1.10 - RM 1.20+ regions soon in the coming weeks.

Will be monitoring SCGBHD closely.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD) since breaking out towards the RM 8.40+ regions, been taking a huge hit over the past month here as it retraced all the way back towards the RM 7.26+ regions with huge selling pressure from foreign funds.

Over the past few weeks, foreign funds have been selling almost RM 1 billion worth of CIMB here with local institutions mopping up the shares. CIMB is one of those banks where foreign funds were dominated earlier. When huge outflows come out of nowhere in such a short period of time, it will lead to sharp drop in prices despite the company still doing well.

Will be monitoring CIMB closely as it approaches its RM 7.20 major support level in the coming few days. Can see that the national team has been busy supporting CIMB's share prices, we'll see how it goes.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by CGSI

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research Report by TA

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research Report by PBIV

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research Report by MAYBANK

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research Report by KENANGA

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research Report by CGSI

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by HLIB

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by PBIV

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Maybank

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Kenanga

CIMB Thai Bank PCL’s robust results in the third quarter ended Sept 30, 2024 (3Q24) are expected to contribute positively to parent CIMB Group Holdings Bhd, says MIDF Research.

PETALING JAYA: CIMB Thai Bank PCL, an indirectly held subsidiary of CIMB Group Holdings Bhd, recorded a net profit of 1.89 billion baht (US$244.36mil) in the nine months period ended Sept 30, 2024 (9M24), an increase of 8.9% year-on-year (y-o-y) from the same period a year ago.

KUALA LUMPUR: CIMB Thai Bank PCL, an indirectly held subsidiary of CIMB Group Holdings Bhd, recorded a net profit of THB1.89bil (RM244.36mil) in the nine months period ended Sept 30, 2024, an increase of 8.9% year-on-year (y-o-y) from the same period a year ago.

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Maybank

KUALA LUMPUR: CIMB Group Holdings Bhd is poised to chart growth in Singapore as the bank’s pivot to be a niche challenger bank is bearing fruit, according to analysts. 

© New Straits Times Press (M) Bhd

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Kenanga

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Maybank

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by RHB

PETALING JAYA: RHB Research believes CIMB Group Holdings Bhd’s overseas operations, chiefly in Indonesia and Thailand, stand to benefit from the upcoming rate cut cycle.

KUALA LUMPUR: RHB Investment Bank Bhd (RHB Research) believes that a rise in loan growth, combined with strong deposit pricing and cost discipline, are favourable for CIMB Group Holdings Bhd.

© New Straits Times Press (M) Bhd

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by RHB

KUALA LUMPUR: Former CIMB Group Holdings Bhd chairman Tan Sri Nazir Razak shared his rough start at the company, sharing the rejections he faced that ended up shaping his career.

© New Straits Times Press (M) Bhd

Lately, I've come across articles on high profile companies planning to go IPO.

The latest addition is TNG Digital, which according to The Star article, may IPO in the next 2-3 years, so perhaps 2026/27 onwards.

Previously, TNG Digital raised 750 million ringgit from an equity funding round in 2022 led by investors Lazada and parent Touch 'n Go. Lazada is part of Chinese technology giant Alibaba Group , while Touch 'n Go in turn is an indirect unit of Malaysia's second largest bank $CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)

General direction is for TNG E-wallet to be a superapp. Personally, I quite like how it's making travelling extremely convenient. The conversion rates is also fairly competitive. Their Go+ interest rates return is also ok to just park some immediate use cash to garner around 3.4% returns P.A., although it's not risk-free.

They also teamed up with CIMB Bank to provide CashLoan, which makes it way easier to get loans, but I'm not sure if the public have enough financial literacy / knows what they are getting into 😓

Anyway, their potential IPO is still very preliminary, but if it made it into the news... I would ascribe a certain weight to their IPO potentially happening.

Source:
https://cutt.ly/JeYInfIn

TNG Digital website:
https://cutt.ly/SeYInfhe

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by CGS
ADD – TP RM8.66

" NIM trending up in 2Q24”

■ CIMB’s 1H24 net profit was within expectations (at 51% of our full-year forecast) but the special dividend of 7 sen/share was a positive surprise.
■ We project a 6.3% yoy increase in CIMB’s 2H24F net profit, underpinned by higher net and non-interest income.
■ Reiterate Add on CIMB premised on improved outlook for its net interest margin (NIM) and potential further increase in dividend payout ratio.

Analyst:
Winson NG, CFA
winson.ng@cgsi.com

$CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD)
Research by Public
Trading Buy– TP RM8.64

" Steady Performance”

CIMB Group (CIMB) reported a sequentially stronger, albeit marginal, 2QFY24 net profit of RM1.96bn (+10.6% YoY, +1.3% QoQ), with non-interest income (NoII) contributions continuing to support growth. Encouragingly, margins improved further due to lower funding costs while loan loss provisions also declined on better overall asset quality health. Cumulative 1HFY24 net profit of RM3.90bn (+14.0% YoY) is ahead of our expectations at 54% of full-year estimates, though within consensus at 51%. We lift FY24-FY26 net profit estimates by 6.2% on average as we impute better operating margins and lower credit costs. While we continue to remain optimistic over the Group’s medium to long-term prospects as it reaps rewards from its past and ongoing transformation initiatives, our call is lowered to Trading Buy given the strong run in its share price year-to-date, leaving limited upside to our revised dividend-derived target price of RM8.64, the latter raised to account for higher earnings and changes in valuation variables (ie. risk premiums).

Analyst:
Ching Weng Jin
research@publicinvestbank.com.my