CIMB Group Holdings

CIMB

MYL1023OO000

Banks

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
6.61 ^MYR	-1.05%		+0.76%	+12.99%

Apr. 18	Malaysia's RHB Bank Boosts Sustainable Financing Target to More Than $10 Billion	DJ
Apr. 16	Permodalan Nasional Names Group Chief, President	MT

CIMB, J Trust Among Bidders for Indonesia's Bank Commonwealth, Reuters Reports

November 31, 2023 at 09:09 pm EDT

--Malaysian lender CIMB Group Holdings and Japanese finance services company J Trust are among companies competing to buy Indonesia's PT Bank Commonwealth in a deal may value the lender at $400 million to $500 million, Reuters reports, citing unnamed sources.

--According to Reuters, sale's financial adviser Morgan Stanley requested bidders to submit binding proposals by early November .

Full story: https://jp.reuters.com/article/bank-commonwealth-ma/cimb-j-trust-among-suitors-for-indonesias-bank-commonwealth-sources-idINL4N3C11ID

Write to Ying Xian Wong at yingxian.wong@wsj.com

(END) Dow Jones Newswires

10-31-23 2108ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
J TRUST CO., LTD.	447 JPY	+0.45%	+1.82%	391M
MORGAN STANLEY	92.83 USD	+0.29%	+2.39%	151B
CIMB GROUP HOLDINGS	6.61 MYR	-1.05%	+0.76%	14.81B

Latest news about CIMB Group Holdings

Malaysia's RHB Bank Boosts Sustainable Financing Target to More Than $10 Billion	Apr. 18	DJ
Permodalan Nasional Names Group Chief, President	Apr. 16	MT
CIMB Group Holdings Berhad Announces Re- Designated Datuk Mohd Nasir Ahmad as Non-Independent Non-Executive Director in Line with Good Corporate Governance, Effective 20 July 2024	Apr. 16	CI
CIMB Group Holdings Berhad Announces Resignation of Dato' Abdul Rahman Ahmad as Group CEO, Effective 30 June 2024	Apr. 16	CI
Malaysian lender CIMB Group CEO Abdul Rahman to step down	Apr. 16	RE
Kobay Technology Secures MYR21 Million Banking Facilities	Apr. 04	MT
CIMB Securities Names Independent Chairperson	Mar. 21	MT
Malaysia's mini-market chain retailer 99 Speed Mart files IPO draft prospectus	Mar. 11	RE
CIMB Group Holdings Berhad Announces Single-Tier Second Interim Dividend for the Financial Year Ended 31 December 2023, Payable on 3 Apr. 2024	Mar. 01	CI
Cimb Group Holdings Berhad Announces Special Dividend for the Financial Year Ended 31 December 2023, Payable on 3 Apr. 2024	Mar. 01	CI
CIMB Hikes Dividend as Profit Jumps in Q4	Feb. 29	MT
CIMB Group Holdings Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 29	CI
Transcript : CIMB Group Holdings Berhad, 2023 Earnings Call, Feb 29, 2024	Feb. 29
Singtel Earnings Weighed by Australia Outage, India One-Offs -- Update	Feb. 22	DJ
YTL Shares Jump After Sixfold Rise in Quarterly Profit	Feb. 22	DJ
CIMB Group Completes Purchase of KAF Equities	Feb. 12	MT
CIMB Completes Acquisition of KAF Equities	Feb. 08	DJ
CIMB Group Holdings Berhad acquired KAF Equities Sdn Bhd from KAF-Seagroatt & Campbell Berhad for MYR 150 million.	Feb. 07	CI
INSTANT VIEW 8-China Evergrande ordered to liquidate by Hong Kong court	Jan. 29	RE
UOB establishes $1.06 billion Islamic debt programme in Malaysia	Jan. 24	RE
CIMB Thai's Profit Slumps 44.9% in 2023	Jan. 22	MT
CIMB Offers Shares to Eligible Employees	Jan. 16	MT
Malaysia palm oil firm Johor Plantations files IPO draft prospectus	Jan. 09	RE
CIMB Group Completes Divestment of Stake in CGS-CIMB	Jan. 01	DJ
CIMB Group Holdings Berhad entered into a conditional Share Purchase Agreement to acquire KAF Equities Sdn Bhd from KAF-Seagroatt & Campbell Berhad for MYR 150 million.	Dec. 30	CI

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Company Profile

CIMB Group Holdings Berhad is a Malaysia-based company engaged in banking and financial services. The Company's segments include Consumer Banking, Commercial Banking, Wholesale Banking and CIMB Digital Assets & Group Funding. The Consumer Banking segment covers both conventional and Islamic financial products and services such as residential property loans, non-residential property loans, wealth management, bancassurance, remittance and foreign exchange, deposits, and Internet banking services. The Commercial Banking segment provides banking credit facilities, trade financing, cash management, online business banking platform, remittance and foreign exchange, as well as general deposit products. The Wholesale Banking segment comprises investment banking, corporate banking, treasury and markets, transaction banking, equities and private banking. It is present in all 10 ASEAN nations: Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines.

Sector

Banks

Calendar

2024-05-28 - Q1 2024 Earnings Release (Projected)

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Ratings for CIMB Group Holdings

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.61 MYR

Average target price

7.155 MYR

Spread / Average Target

+8.24%

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Company calendar

Sector Commercial Banks

	1st Jan change	Capi.
CIMB GROUP HOLDINGS	+12.99%	14.81B
AGRICULTURAL BANK OF CHINA LIMITED	+16.61%	210B
PT BANK CENTRAL ASIA TBK	+2.39%	73.14B
ANZ GROUP HOLDINGS LIMITED	+7.99%	54.82B
CRÉDIT AGRICOLE S.A.	+13.25%	47B
INDUSTRIAL BANK CO., LTD.	+1.36%	47.1B
CHINA CITIC BANK CO., LTD.	+19.29%	44.81B
JAPAN POST BANK CO., LTD.	+10.93%	36.6B
QATAR NATIONAL BANK (Q.P.S.C.)	-16.21%	35.14B
INVEST BANK	-96.60%	32.24B

Commercial Banks

CIMB Group Holdings

Equities

CIMB

MYL1023OO000

Banks

CIMB, J Trust Among Bidders for Indonesia's Bank Commonwealth, Reuters Reports

Stocks mentioned in the article

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