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Buying CIMB Stock

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CIMB Group Holdings Berhad (CIMB) is a Malaysian universal bank with headquarters in Kuala Lumpur. It operates in the rapidly growing economies of ASEAN and has more than one thousand eighty branches in the region. As one of the few indigenous investment banks in the region, CIMB offers a wide range of financial services to customers.

CIMB’s stock price recently traded at 5.55 a share, up 0.02% from the previous trading day. The stock has gained 4.71% over the past four weeks and 5.71 percent in the past twelve months. The stock is trading on the KLSE stock exchange. If you’re interested in learning more about CIMB, continue reading.

A few months ago, I posted a CIMB VCP Setup. The stock rallied from early June to a high of 18% by 20 Oct. The stock was then halted and went into a natural reaction. The price then dropped back down to a contraction zone (C1-C4), which is considered a low-risk entry zone. The overall risk of owning CIMB stock is only about 6%.

CIMB’s debt is higher than its total assets, but its cost-to-income ratio is only 50% to 60%. CIMB has started paying out dividends of 25.0 sen per share, which is 4.42% per year. This dividend yield is higher than the 10-Year average of 3.41%.

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