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Finance

CIMB Group Holdings Bhd.

  • 5.67 MYR
  • 0.00
  • 0.00%
  • Malaysia
    Jul 17, 2018
  • Ticker
    KLS(1023)
  • Prev. close
    5.67
  • Market cap (MYR)
    53,104.07M
  • Market cap (USD)
    13,123.42M
  • Shares
    9,365.79M

Company Background

CIMB Group Holdings has grown into a regional banking group through mergers and acquisitions, especially in the past 10 years under ex-Group CEO Nazir Razak. Its recent major acquisitions include the Royal Bank of Scotland's Asia-Pacific investment banking business in 2012. Nazir, the youngest brother of Prime Minister Najib Razak, was re-designated as the group's chairman and made a director at Khazanah Nasional from September 2014.

Government investment fund Khazanah Nasional is the major shareholder of the bank with a 30% stake. Mitsubishi UFJ Financial Group holds 5%. The group is now headed by Acting Group Chief Executive Zafrul Abdul Aziz, who was once the head of Maybank investment banking. Overseas businesses led by listed subsidiaries such as Bank CIMB Niaga in Indonesia and CIMB Thai Bank make substantial contributions to group profit. The group is also one of the top brokers in Southeast Asia and one of the leading global Islamic bond issuers.

Business Summary

CIMB Group Holdings Bhd. engages in the provision of financial and banking services. It operates through the following segments: Consumer Banking; Commercial Banking; Wholesale Banking; Group Asset Management and Investments (GAMI); and Group Funding and Others. The Consumer Banking segment offers banking solutions to individual customers covering both conventional and Islamic financial products and services such as residential property loans, non-residential property loans, secured personal loans, motor vehicle financing, credit cards, unsecured personal financing, wealth management, bancassurance, remittance and foreign exchange, deposits and internet banking services. The Commercial Banking segment includes products and services for customer segments comprising small and medium-scale enterprises and mid-sized corporations. The Wholesale Banking segment comprises investment banking, corporate banking, treasury and markets, transaction banking, equities and private banking. The GAMI segment deals with public and private asset management portfolios. The Group Funding and Others segment covers the firm's assets and liabilities management, capital's investment in fixed income investments and investment in its proprietary capital and funding. The company was founded by Kheng Chiang Wee and Kheng Whatt Wee in 1924 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2017 MYRUSD
Revenue28,589.39M6,649.44M
Gross Profit----
Operating income6,134.00M1,426.67M
Income before tax6,109.98M1,421.08M
Net income4,475.17M1,040.85M
EBITDA----
Diluted EPS0.490.11
Dividends Per Share0.250.05
Total Assets507,116.98M125,306.89M
Total liabilities457,310.55M112,999.88M
Total equity48,445.47M11,970.71M
Operating cash flow11,672.55M2,714.85M
Currency in MYRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 21,567.39M 21,977.53M 23,269.92M 25,465.94M 28,589.39M
Gross Profit -- -- -- -- --
Operating income 4,780.36M 4,184.48M 4,009.84M 4,756.64M 6,134.00M
Income before tax 5,487.79M 4,153.07M 3,828.35M 4,768.45M 6,109.98M
Net income 4,540.40M 3,106.80M 2,849.50M 3,564.19M 4,475.17M
EBITDA -- -- -- -- --
Diluted EPS 0.60 0.37 0.33 0.41 0.49
Dividends Per Share 0.23 0.15 0.14 0.20 0.25
Total Assets 371,278.57M 414,512.18M 462,252.35M 486,441.13M 507,116.98M
Total liabilities 340,050.01M 376,121.06M 420,019.72M 439,361.97M 457,310.55M
Total equity 30,471.09M 37,560.43M 41,250.77M 45,508.17M 48,445.47M
Operating cash flow 6,824.51M 1,723.01M 2,820.51M 6,988.04M 11,672.55M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,845.73M 6,716.80M 5,951.88M 6,147.16M 6,649.44M
Gross Profit -- -- -- -- --
Operating income 1,517.34M 1,278.86M 1,025.62M 1,148.19M 1,426.67M
Income before tax 1,741.88M 1,269.26M 979.20M 1,151.04M 1,421.08M
Net income 1,441.17M 949.50M 728.83M 860.35M 1,040.85M
EBITDA -- -- -- -- --
Diluted EPS 0.19 0.11 0.08 0.09 0.11
Dividends Per Share 0.07 0.04 0.03 0.04 0.05
Total Assets 113,350.19M 118,550.60M 107,663.29M 108,435.38M 125,306.89M
Total liabilities 103,816.21M 107,570.73M 97,826.88M 97,940.70M 112,999.88M
Total equity 9,302.73M 10,742.29M 9,607.72M 10,144.48M 11,970.71M
Operating cash flow 2,166.17M 526.59M 721.41M 1,686.82M 2,714.85M

Valuation Measures

Dec 2017
PER13.17
ROA0.90%
ROE9.52%
Operating margin21.45%
Profit margin15.65%

Key executives

  • Group Chief Executive Officer & Executive Director: Zafrul bin Tengku Abdul Aziz
  • Group CTO & Chief Operations Officer: Ramesh Narayanaswamy
  • Group Chief Financial Officer: Shahnaz Farouque bin Jammal Ahmad
  • Group Chief Compliance Officer: Keen Yew Kwan
  • CEO-Group Asset Management & Investments: Effendy Shanul Hamid

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (27.3%)
  • Employees Provident Fund (13.8%)
  • Permodalan Nasional Bhd. (9.0%)
  • Kumpulan Wang Persaraan (7.2%)
  • The Vanguard Group, Inc. (2.3%)
  • Great Eastern Life Assurance Co. Ltd. (1.6%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • Eastspring Investments (Singapore) Ltd. (1.3%)
  • Fubon Life Insurance Co., Ltd. (1.2%)
  • BlackRock Fund Advisors (0.9%)

Contact Details

  • Website:http://www.cimb.com
  • Address: Level 13, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur, 50470, Malaysia
  • Phone: +60.3.2261.8888

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Competitors

  • TISCO Financial Group Public Co. Ltd.
  • Kasikornbank Public Co. Ltd.
  • Malayan Banking Bhd.
Last Updated on 17 Jul, 2018

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