...Construction MALAYSIA August 14, 2012 IJM Corp Bhd IJM MK / IJMS.KL Current RM5.12 RM6.50 RM6.40 27.0% Conviction FLASH NOTE SHORT TERM (3 MTH) LONG TERM Market Cap Avg Daily Turnover Free Float Target Previous Target Up/downside US$2,266m RM7,074m US$4.25m RM13.41m 71.8% 1,353 m shares CIMB Analyst Property takes the limelight Key takeaways from IJM Land’s property briefing reassured us of its long-term prospects, locally and overseas. Parent IJM is a cheaper proxy for exposure to this segment. A reprieve to IJM Corp’s share price hinges on the imminent signing of the WCE concession. We continue to peg our target price at a 10% discount to IJM’s RNAV, but raise it as we update for IJM Land’s higher market capitalisation and apply a higher sector P/E of 13.3x (13x before) in line with our revised target market P/E. IJM Corp remains a Trading Buy and not Outperform due to election risks with the WCE concession as key catalyst. 3M -9.6 -5.7 12M -22.9 -11.9 % held 14.2 6.1 7.9 in Penang. Sharizan Rosely T (06) 3 20849864 E sharizan.rosely@cimb.com What We Think We are positive about IJM Land’s local and overseas property prospects overall, which will provide longer-term visibility of property earnings. This is in turn positive for IJM Corp. As at FY12, IJM Land’s revenue makes up 27% of IJM Corp’s total revenue and 35% of total pretax profit. Rimbayu’s RM330m GDV for Phase 1 (3% of total GDV) will be launched in 4Q12, and will...
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...CIMB- Entry into Indonesia WRITTEN BY ANUAR, A.Z, HARBAN, A.A., KOH, E., ROBBEN, G., & EDITED BY SEOW KIAN TAN Background CIMB Group is Malaysia’s second largest financial services provider. It is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB). In 2004, the CIMB Group began the process of creating a strong and competitive universal bank anchored by Commerce International Merchant Bankers (CIMB), Malaysia’s largest investment bank. In line with CIMB's forward thinking philosophy, CIMB has acquired stakes in international banks and these subsidiaries have been integrated into the CIMB Group making the CIMB Group the leader in investment banking in Southeast Asia. The majority stakeholder (28.39%) of the CIMB Group is Khazanah Nasional, which is the investment holding arm of the Malaysian Government. Khazanah Nasional also owns a stake in CIMB-Niaga (Khazanah Nasional Berhad, 2010). In just 2 years, CIMB transformed itself from Malaysia’s no. 1 investment bank into a regional universal banking group. CIMB has grown from staff strength of 1,000 in Malaysia to 20,000 in 12 countries while market capitalization has increased from RM6.3 billion to RM19.5 billion. The Group’s total assets grew from RM14.7 billion to RM155 billion with a further RM18 billion being third party funds under management (CIMB, 2010). Objectives and Philosophy CIMB’s objective is to create value by serving the needs of its clients, and doing this with integrity...
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...CIMB-Principal Positive on Bonds with New Fund | 24 January 2011 | Kuala Lumpur: CIMB-Principal Asset Management Berhad (“CIMB-Principal”) today launched the CIMB-Principal Strategic Income Bond Fund (“the Fund”), a fund that allows investors to capitalise on Asia, Australia, New Zealand and the Middle East’s improving credit conditions given the high potential of more rating upgrades. Campbell Tupling, Chief Executive of CIMB-Principal Asset Management said, “The demand for high-quality bonds in Asia, Australia, New Zealand and Middle East continues to remain high given the low interest rates outlook in the US and Europe, and this should support bond prices for the next few years. In addition, the slower economic recovery of these developed markets is shifting investment appetite to Asia. Combined with the likelihood of bond rating upgrades, this will mean potential good returns for investors who want to invest in regional high growth prospects in a stable manner.” Post-financial crisis, bonds remain the preferred asset class for more conservative investors because it is less volatile than equities. Asia, for example, remains a sound investment destination with rapid urbanisation, as a younger and higher population growth will necessitate greater infrastructure spending in the coming years. This provides the golden opportunity to profit from the economic power of Asia, Australia, New Zealand and the Middle East. “By taking a three year buy-and-hold strategy, the...
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...are promoting and practicing best HR practices. In the study, CIMB and Microsoft have been found to promote and practice many notable HR practices. Since our company “CARA SKY” has been trying to perform well but somewhere along the line of performance there is something misplaced or broken. CARA SKY Company has been suffering from employees’ absenteeism, which is being caused the morale of the employees. Having consulted the best HR practices in CIMB and Microsoft, the objective is to accommodate or apply some newer hr practices to reduce the problem of employee absenteeism in CARA SKY Company. CIMB CIMB Bank is one of the reputed banks operating in Malaysia. CIMB has started its operation back in 1920s by starting a bank in Sarawak. For the last 95 years, CIMB has been operating successfully and also expanding their business to some Asian countries namely Singapore, Indonesian, Cambodia, and Thailand. CIMB has two mainstream banking products namely – CIMB banking solutions for conventional customers and CIMB Islamic window for Muslim customers (Cimb.com, 2015).The company vision statement is to be the Premier Investment Bank in Malaysia post liberalization and deregulation and mission statement is to invest in our people to derive a culture driven by innovation to deliver quality service whilst providing superior returns and value to our stakeholders. Human resource being an importance resource for CIMB, CIMB has been following some of the industry’s best noteworthy HR...
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...Introduction Background of CIMB Bank Our assignment is to investigate the products and services offer by CIMB Bank. The reason we choose CIMB Bank is that it is a pure Malaysian bank. The Board of Director and management team almost all form by Malaysian. The Chairman of CIMB Bank is Tan Sri Dato’ Md Nor and the Chief Executive Officer of CIMB Bank is Dato' Sri Nazir Razak (The son of the Second Malaysia prime minister, Tun Abdul Razak). CIMB Bank is an indigenous ASEAN investment bank and has the widest retail branch network across the region, with over 1100 branches. Briefly discuss about the history of CIMB Bank. CIMB Bank was not the original name at the beginning. It named after the merged of Bank of Commerce (Bian Chiang Bank), United Asian Bank, Bank Bumiputra and so on. At the year 1924, the founder of Bian Chiang Bank established Bian Chiang Bank in Kuching, Sarawak, Malaysia and the founder names Wee Kheng Chiang. The bank's activities were mainly related to business financing and the issuance of bills of exchange. At the year 1979, Bian Chiang Bank renamed Bank of Commerce Bhd. At the year 1935, Ban Hin Lee Bank established in Penang, Malaysia. Original business of the bank focus was to serve local businesses in their trade and merchant activities. In the 1960s, it also branched into real estate and home financing. By the 1990s, the bank had become a modern and thriving financial institution, with its headquarters in Penang and operations throughout Malaysia and...
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...Crisis in year 1997. CIMB bank, as a major player in this industry, has faced a lot of challenges from local and international. As a growing bank in that time, CIMB bank has struggled hardly to become the best financial institution in Malaysia. In recent years, the government has liberalized the banking industry, which allows more foreign financial institutions to start their business here. This has increased the level of competition within the industry and in fact, has affected the position of CIMB bank as one of the leading banks in local market. Owing to certain problems mentioned above, we have chosen CIMB bank as the topic to perform in-depth research and analysis on the organization. Our main objective is to advise the Board of Directors of CIMB bank on the impact and implications of current developments and challenges on its organization and make appropriate recommendations to ensure the continued relevance, competitiveness and growth of the organization. CIMB bank has many retail branches across the ASEAN and operates under several corporate entities such as CIMB Investment Bank, CIMB Islamic, CIMB Securities International and etc. Besides, CIMB bank business model basically covers several areas which are Consumer Banking, Insurance & Takaful, Corporate & Institutional Banking and CIMB Thai. (CIMB, 2012) The vision of the CIMB bank is to be the Premier Investment Bank in Malaysia post liberalisation and deregulation. Mission of CIMB bank is investing in our...
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...CIMB Bank is that it is a pure Malaysian bank. The Board of Director and management team almost all form by Malaysian. The Chairman of CIMB Bank is Tan Sri Dato’ Md Nor and the Chief Executive Officer of CIMB Bank is Dato' Sri Nazir Razak (The son of the Second Malaysia prime minister, Tun Abdul Razak). CIMB Bank is an indigenous ASEAN investment bank and has the widest retail branch network across the region, with over 1100 branches. Briefly discuss about the history of CIMB Bank. CIMB Bank was not the original name at the beginning. It named after the merged of Bank of Commerce (Bian Chiang Bank), United Asian Bank, Bank Bumiputra and so on. At the year 1924, the founder of Bian Chiang Bank established Bian Chiang Bank in Kuching, Sarawak, Malaysia and the founder names Wee Kheng Chiang. The bank's activities were mainly related to business financing and the issuance of bills of exchange. At the year 1979, Bian Chiang Bank renamed Bank of Commerce Bhd. At the year 1935, Ban Hin Lee Bank established in Penang, Malaysia. Original business of the bank focus was to serve local businesses in their trade and merchant activities. In the 1960s, it also branched into real estate and home financing. By the 1990s, the bank had become a modern and thriving financial institution, with its headquarters in Penang and operations throughout Malaysia and Singapore. At the year 1965, Bank Bumiputra was established and it line up with government initiatives to increase Bumiputra (Origin races...
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...INTRODUCTION As described in the chapter 1, the banking industry around the world has been changing very rapidly since the early 1970s. The industry has experienced a substantial change in competitive conditions as a result of a number of factors. Therefore, what makes an excellence bank strategy? What strategy as it applies to banking? Is it because of new competitors entering the financial services market made new approaches to servicing corporate clients? There are a lot of questions comes into our mind but we will answer all the questions later. For your information, banks potray themselves as a “One Stop Financial Services Centre”. Banks no longer remain in their traditional service market because they are now more aggressive in providing a full menu of services that will cater for its customer’s needs. Therefore, what is the type of services that bank provide for their customers that make them satisfied with the speed efficiency and cost involved? Then, as described in the chapter 2, we can conclude that the main goal of any financial service organization is to create for itself a “sustainable competitive advantage” in the market place. So, in order to do this, it has to generate products, services or ideas that offer superior value for its customers that is not easily imitated by competitors. Financial services especially banks should used 4Ps which is price, product, place and promotion for their marketing tools for influencing customers. Therefore, in this assignment...
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...CHAPTER ONE INTRODUCTION 1.0 OVERVIEW This paper intent to analyze the performance of Islamic equity unit trust funds’ in CIMB Wealth Advisors Berhad by comparing with the FTSE Bursa Malaysia Composite Index (KLCI) as benchmark. This chapter will discuss the background of the study, historical development of unit trust industry in Malaysia, understanding unit trust, problem statement, research objectives and the significance of the study. 1.1 BACKGROUND OF THE STUDY A plenty of investments alternative can be seen nowadays. But it’s depends on people which alternative they prefer to invest or depend on their skills of investing in such instruments. Most of the people who are lack in financial knowledge or investing skills will prefer to make investments in unit trust funds. There has abundance of benefits in unit trust and also can be advantageous to the small investors. Unit trust is an ideal way for small investors to invest for their future. Small investors are people who earn their living engaged in activities not related to the financial arena. They are aware that investing is important to them, but they lack of know-how to make the right decisions. For people who are unable or unwilling to do research and analyze investment markets and climate on their own, unit trusts is a good way to invest. In order to maintain a portfolio of stocks in the share market, a person has to keep himself up-to-date with market information and climate. For many people, this is difficult...
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...|TABLE OF CONTENTS | | | |PAGE NUMBER | |BACKGROUND |1 | |AIM |1 | |MAIN PRODUCT |2 | |STATEMENT OF FINANCE COMPARISON |2 | |Asset |2 | |Net Profit |3 | |Equity |3 | |Liability |3 | |RATIO COMPARISON ...
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...Matrix No:2013245798201345120420138048862013294204 | II | Name of Company: | CIMB Group Holding Berhad | III | Year | 2012 | | No of pages | 1-270 | 1 | Vision or Mission:reflects (if any) If not available then just state “NOT AVAILABLE”Shareholder Theory Stakeholder Theory | Vision : To be the leading Asean CompanyMission : The company want to provide Universal Banking Services as a high-performance, institutionalized and integrated company located in Asean and key market beyong, and to champion the acceleration of Asean integration and the region’s links to the rest of the world. | 2 | Read chairman’s statement:Identify any strategies and when you read the statement just try to figure out whether the strategies or activities mentioned relates to either a shareholder or a stakeholder perspective & write your findings in the column provided. | RECORD PROFITIn 2012 is CIMB Group’s most profitability year yet, as creating value for our shareholder is a foundation of everything we do. I. We added or expanded operations in Sydney, Melbourne, Hong Kong, Taipei, Seoul, London and New York through the acquisition of some Asia Pasific units of the Royal Bank of Scotland II. We remain in discussion to purchase a majority stake in the Bank of Commerce in the Philiphines and we finalized the acquisition of the Thai broker SICCO Securities. III. We intensified our internal restricting with ‘CIMB 2.0’ which is organizational step change to recalibrate and accelerate business...
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...About Al Baraka | | Al Baraka Islamic Bank B.S.C. (c) - Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Islamic banking and finance. The Bank is registered with the Bahrain Ministry of Industry &, Commerce CR no. 14400 and is licensed by Central Bank of Bahrain (CBB) as an Islamic Retail Bank, with an authorized capital of US$ 600 Million, of which US$ 122 Million has been issued and fully paid.AIB - Bahrain is one of the Banking Units of Al Baraka Banking Group's (ABG). ABG is a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges and one of the well-known leading international Islamic banks. It has been rated by Standard & Poor's as BBB- with a short-term rating of A-3. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Sharia'a. The authorized capital of ABG is US$1.5 billion, while the total equity amounts to about US$ 1.8 billion. The Group has a wide geographical presence in the form of subsidiary banking Units in 14 countries, which in turn provide their services through more than 400 branches. These banking Units are Jordan Islamic Bank/ Jordan, Al Baraka Islamic Bank - Bahrain, Al Baraka Bank Limited/ Pakistan, Banque Al Baraka D'Algerie/ Algeria, Al Baraka Bank Sudan/ Sudan, Al Baraka Bank Ltd/ South Africa, Al Baraka Bank Lebanon/ Lebanon, Al Baraka Bank Tunisia/ Tunisia, Al Baraka Bank Egypt/ Egypt, Al Baraka...
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...EBB20603 RISK MANAGEMENT IN ISLAMIC FINANCIAL INSTITUTIONS DR. FEKRI ALI MOHAMMED SHAWTERI (IF70) REPORT CIMB ISLAMIC BANK BERHAD REPORTED BY: Nur Atteya Amanda binti Amirudin 62289214273 Syamimi Fatihah binti Mohd Sobri 62289214372 Nur Aizat binti Mun 62289214006 Norhafiza binti Alalguring 62289214119 Noor Rahimah binti Abdul Rauf 62289214281 TABLE OF CONTENTS NO | TOPIC | PAGES | 1.0 | Introduction | 3 | 2.0 | Bank Profile | 5 | 3.0 | Financial Analysis | 7 | 4.0 | Credit Risk | 14 | 5.0 | Liquidity Risk | 24 | 6.0 | Operational Risk | 27 | 7.0 | Market Risk | 30 | 8.0 | Shariah Risk | 34 | 9.0 | Capital Requirement | 36 | 10.0 | Conclusion | 39 | 11.0 | References | 39 | 1.0 INTRODUCTION CIMB Islamic was officially launched by Malaysia’s Bank Negara Governor Tan Sri Dato' Dr Zeti Akhtar Aziz in June 2003. Since then, CIMB Islamic has won numerous accolades for its innovative Shariah-compliant solutions. It providing the consumer market with an Islamic alternative for deposit accounts and financing. CIMB Islamic offers a range of deposit and investment products to help manage business cash flow and cash reserves more effectively such as Wadiah Current Account-I, Fixed Return Income Account-I, and Special Investment Account-I. The money will only be invested in Shariah-Compliant activities. In the context risk, risk refers to the probability of loss. Risk actually elucidates the probability that an actual return on an investment will be lower...
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...and not only on business owners and shareholders could influenced the development of business practices throughout the ideas of what constituted a modern workplace were first beginning to take shape. A stronger integration of social responsibility into business strategy emphasizes responsible employment practices and HR’s strategic role in communicating, protecting and maintaining business values. According to Uddin et al. (2008) social responsibility to employees extends beyond terms and conditions of the formal contract of employment. Table 1 presents the results of the analysis of the human resources related activities. The framework had fifteen disclosable items relating to human resources activities. Table 1: Selected CSR practices | CIMB Bank | | Maybank | | Public Bank | | Hong Leong Bank | Supporting local talent development | / | | / | | / | | / | Communication and engagement between management and employees | / | | / | | / | | / | Competitive remuneration (include benefits on medical and health care) | / | | / | | / | | N/A | Recognition on high performance (opportunities to performing employees) | / | | / | | / | | N/A | Thriving on workforce diversity (gender, ethnicity, culture, religion) | / | | / | | / | | N/A | Provide learning facilities | / | | / | | / | | / | Corporate scholarship and sponsorship schemes | / | | N/A | | N/A | | N/A | Nurturing future generations (training, development and leadership) | / | | /...
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...RINGKASAN EKSEKUTIF Rancangan Perniagaan ini disediakan adalah bagi mendapatkan pembiayaan kewangan dari CIMB bagi projek naiktaraf perniagaan pakaian saya iaitu Fancy Apparel yang menempatkan kedai pakaian di The Store Sungai Buloh. Berbekalkan pengetahuan melalui kursus jahitan dan perniaagaan pakaian yang telah saya usahakan selama lima tahun di kedai Fancy Apparel di The Store Sungai Buloh, saya bercadang untuk mendirikan kilang menjahit di Kuang, Selangor serta suntikan modal bagi saya untuk memenuhi pasaran dari negara China dan Indonesia. Selain mempunyai kedai, saya juga baru berjinak-jinak dengan perniagaan pakaian secara online dan saya memerlukan suntikan modal bagi memenuhi permintaan yang agak tinggi dari negara Indonesia dan China. Saya bercadang untuk memohon suntikan modal sebanyak RM500,000. Kos projek tersebut termasuklah pembelian peralatan kilang dan premis kedai, ubahsuai premis, pembelian stok, perbelanjaan pra-operasi dan modal pusingan. Daripada jumlah tersebut, saya bercadang untuk mendapatkan bantuan pembiayaan CIMB sebanyak RM500,000 manakala sumbangan saya adalah sebanyak RM100,000. Lorong Anggerik, Kuang saya dapati adalah satu lokasi yang sesuai untuk mendirikan kilang jahitan kerana ia merupakan satu perkampungan di mana di kalangan penduduk di sini ramai yang terdiri dari surirumah. Persekitarannya juga amat sesuai kerana ia terletak berhampiran di premis The Store Sungai Buloh, pusat perniagaan kawasan Kuang dan Bukit Rahman Putra...
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