CIMB (1023): Stocks Analysis and Forecast 2025

Key Takeaways

• CIMB Group Holdings (1023.BMS) is Malaysia’s leading banking stock with a strong presence across Southeast Asia, offering diversified operations in consumer, commercial, wholesale, and digital banking.
• The stock appeals to investors due to robust fundamentals, double-digit YoY profit growth, strategic digital expansion, and significant institutional support, including major holdings by EPF and Khazanah.
• CIMB’s stock price shows short-term consolidation around RM7.30–7.45, with technical indicators suggesting potential bullish momentum driven by institutional buying activity and sector support.
• Q2 2025 earnings showed slight declines in EPS and net profit, but the bank remains profitable with stable margins and consistent report releases—next earnings are due on November 28, 2025.
• CIMB maintains a consistent semi-annual dividend payout with a 55% payout ratio and 4.88% yield, making it suitable for income-focused investors prioritizing stable returns.

What is CIMB (1023.BMS) Stock?

CIMB Group Holdings Berhad (stock code: 1023.BMS) is one of Malaysia’s leading banking and financial services providers, with operations spanning across Southeast Asia. Listed on the Bursa Malaysia Stock Exchange, CIMB stock is categorized within the financial services industry and is often considered a benchmark player in the ASEAN banking landscape. The company operates through four core segments: Consumer Banking, Commercial Banking, Wholesale Banking, and CIMB Digital Assets & Group Funding. Its diversified revenue streams position CIMB stock strategically within the banking sector, offering investors exposure to both retail and institutional financial activities. As a leading stock in Malaysia’s banking sector, CIMB’s scale, regional presence, and steady dividend payout make it a focal point for portfolio managers and institutional investors. For those analyzing CIMB stock, key metrics such as asset growth, earnings per share, and return on equity provide essential indicators of financial health and operational performance.

Why Consider Investing in CIMB (1023.BMS) Stock?

Robust Financial Fundamentals: Income and Profitability Trends

CIMB’s consistent profitability places it among the top-performing Malaysian financial groups. In FY2024, the group reported MYR 22.24 billion in operating revenue, a healthy year-over-year (YoY) growth of +6.28%. Net profit, a key profitability indicator, climbed +10.57% to MYR 7.92 billion, showing strong cost management and stable operations.
Despite a slight QoQ decline in 2025Q2, with net profit dropping by -3.91%, the net profit margin remains strong at 34.50%, indicating high efficiency in turning revenue into profit. CIMB’s earnings per share (EPS) for FY2024 stood at MYR 0.72, supported by a decent return on equity (ROE) of 11.2% – metrics that beginner investors can interpret as the company returning healthy profits to shareholders relative to the capital invested.

Potential Expansion Based on Industry Dynamics and Strategic Diversification

CIMB continues to benefit from diversified revenue streams: 45.67% from consumer banking, 21.75% commercial banking, and 18.47% from wholesale banking. Furthermore, its digital banking and funding arms contribute 14.12%, an area aligned with the broader trend of embedded finance and fintech growth in Asia. These segments provide cushion against volatility in any single division, like a tripod that keeps standing even if one leg falters.
Meanwhile, the Malaysian banking sector is gaining momentum, driven by regional cross-border trade, financial digitalization, and rising consumption. CIMB is well-positioned in these areas, and analysts expect its revenue for 2025Q3 to reach MYR 5.594 billion. This continued optimism in forward estimates suggests confidence in the group’s future earnings recovery and strategic pivots.

Analyzing Institutional Holdings and Capital Flows: Smart Money Moves

CIMB enjoys significant backing from institutional players. As of July 2025, over 76.5% of shares were held by institutions, a strong sign that large, experienced investors see long-term value in the stock. Key stakeholders include Khazanah Nasional Berhad (21.46%), Employees Provident Fund (17.86%), and Retirement Fund of Malaysia (6.39%). Notably, the EPF increased its stake by over 130 million shares, signaling rising institutional confidence.
Recent capital movements also reflect net inflows across several trading days, most notably on October 28, when CIMB saw net capital of MYR 38.15 million enter the stock, with heavy buying by mid- and big-sized traders. Understanding capital flow is akin to following the tide; when large waves (institutional money) head toward the shore (a stock), savvy investors take notice.

Technical Performance Overview: Momentum and Price Trend Indications

CIMB’s short-term price movement shows signs of consolidation. The MACD is flattening, signaling a possible shift in trend, while the RSI (Relative Strength Index) hovers around 45, indicating a neutral zone without overbought or oversold pressure. From a moving average perspective, the price currently trades near its 5-day and 10-day averages, suggesting stability following recent volatility.
Furthermore, Bollinger Bands indicate price compression, typically a precursor to a breakout move. For beginners, think of it like a calm before a possible storm — low volatility often leads to sharp moves either up or down, making it a watch zone for traders.

Consistent Dividends: A Reliable Source of Passive Income

For investors seeking income, CIMB offers an attractive dividend play. Its latest dividend yield stands at 5.45%, outpacing the average fixed deposit rate in Malaysia. With a dividend payout of MYR 0.40 per share and a stable earning stream, CIMB is an appealing choice for those aiming to generate passive income.
This is particularly compelling for retirees or conservative investors who prioritize steady returns—much like owning a rental property that pays rent quarterly. The historical consistency of dividends underscores CIMB’s financial discipline and commitment to reward shareholders.

How to Buy CIMB (1023.BMS) Stock in Malaysia

Step 1: Open a Trading Account

To purchase CIMB (1023.BMS) stock in Malaysia, you must first open a Central Depository System (CDS) and a trading account with a licensed brokerage such as moomoo. Malaysian citizens need to provide a valid MyKad and a recent utility bill or bank statement for proof of address. Foreign nationals are required to submit their passport, valid visa, and a utility bill or bank statement from the past three months as proof of residency. Verification and account creation typically take 1 to 3 working days, depending on the brokerage's compliance process.

Step 2: Fund Your Account

Once your trading account is ready, you need to deposit funds into it. Common funding options in Malaysia include bank transfers, FPX payments, and online payment gateways. Most brokers, including moomoo, support instant funding via FPX from local banks. Ensure your linked bank account matches the name registered with the trading account to avoid delays.

Step 3: Do Your Research Before Buying CIMB Stock

Before investing in CIMB stock, it's essential to conduct comprehensive research. Start by reviewing the CIMB stock price, which on the latest close was RM7.35. Analyze historical price patterns and recent momentum—CIMB has shown moderate fluctuations in the RM7.30–7.45 range over the past week. Look into market indicators like the P/E ratio (10.21 TTM), dividend yield (5.44%), and technical indicators such as MACD and RSI to gauge momentum. Keep an eye on institutional ownership trends—over 76% of CIMB shares are held by major institutions, reflecting strong investor confidence. Monitoring earnings reports and financial projections, like the latest EPS of MYR 0.18 in Q2 2025, also provides valuable insights into the bank’s performance.

Step 4: Place an Order

After deciding to invest, open your brokerage app, such as moomoo, and search for "CIMB" or input the stock code "1023.BMS". Select the stock, choose the type of order (e.g., limit or market), input the quantity of shares, and set your desired price and duration for the order. Review the total value and confirm your trade. Upon successful execution, your CIMB shares will be visible in your portfolio.

CIMB (1023.BMS) Stock Price Performance

What is CIMB Stock Price?

As of October 31, 2025, CIMB (1023.BMS) closed at RM7.34, posting a mild gain of 0.41% from the previous day’s RM7.31. This reflects marginal momentum, following a recent downtrend that saw the stock dip to RM7.31 on October 30. Year-to-date, CIMB stock has seen cautious optimism backed by steady institutional confidence—top shareholders like Employees Provident Fund have increased their stake, suggesting long-term faith in the bank’s prospects.

CIMB continues to navigate both headwinds and tailwinds in Malaysia’s financial services sector. On one hand, the broader economic resilience and stable GDP growth offer upward potential. On the other, fluctuations in foreign capital flows and interest rate uncertainties pose challenges. Amid this, CIMB’s 5.45% dividend yield and solid earnings-per-share (0.72 MYR LYR) make it a favored pick for yield-focused investors.

Historical CIMB Stock Price Movements Analysis

Looking back at the past trading sessions, CIMB stock ranged between RM7.21 and RM7.50, showcasing moderate volatility. Notably, a recent candlestick pattern reveals a bullish engulfing on October 27, transitioning into minor pullbacks. This technical behavior suggests cautious accumulation, a move often likened to a slingshot gathering energy before release.

From a K-Line perspective, the consolidation between RM7.31 and RM7.45 sets the stage for potential breakout. RSI indicators have started stabilizing in the low-to-mid 50s, implying balanced momentum between bulls and bears. If the price sustains above short-term MA5 trendlines around RM7.38, we may soon witness an upward drift toward RM7.50–7.55 resistance in the near term.

CIMB (1023.BMS) Forecast

Looking ahead, CIMB’s price is likely to trade within a sideways-to-bullish range in the short term. Given improved buying activity from institutions and a 25.28% main deal ratio, investor sentiment is leaning optimistic. While volatility remains modest, MACD signals remain neutral yet positive, hinting at a gradual uptrend.

Providing macroeconomic stability holds, and banking sector tailwinds continue across Southeast Asia, the stock could inch towards RM7.55–RM7.60 by the end of the quarter. However, any unfavorable changes in monetary policy or further interest rate adjustments could reintroduce bearish sentiment, warranting cautious observation.

CIMB (1023.BMS) Earnings

Does CIMB (1023.BMS) Release Reports Regularly?

Yes, CIMB Group Holdings Bhd releases detailed quarterly financial reports, following the Malaysian corporate reporting requirements. These reports include performance highlights such as earnings per share (EPS), net profit, margins, return ratios, and cash flow data, providing investors with transparency on the company's financial health.

When is the Next CIMB (1023.BMS) Earnings Date?

According to recent market insights, the next CIMB earnings release is scheduled for November 28, 2025. Analysts anticipate a solid performance driven by robust non-interest income and improving loan growth, despite continued net interest margin (NIM) pressures.

What Were CIMB (1023.BMS) Earnings Last Quarter?

Below are key financial metrics for CIMB Group's latest quarterly report (Q2 2025):

Source: CIMB Quarterly Reports via official disclosures, accessed on Oct 23, 2025

Key changes year-over-year:

• EPS declined 4.05% due to lower interest income and compressed margins.
• Net Profit dropped 3.91% despite stable asset quality and resilient non-interest income.
• Debt-to-Asset ratio slightly increased to 90.65%, reflecting slight growth in liabilities relative to total assets.

What Did the Latest CIMB Earnings Call Reveal?

The latest CIMB Earnings Call reiterated management’s confidence in its stable loan growth strategy and strong regional performance. It emphasized disciplined cost management and highlighted a resilient capital position, affirming the bank’s ability to maintain over 55% dividend payout. Analysts remain bullish overall on CIMB’s strategic execution amidst NIM challenges.

Does CIMB (1023.BMS) Pay Dividends?

Yes, CIMB Group Holdings Berhad (stock code: 1023.BMS) stands out among Malaysian banking stocks for its consistent dividend payments and resilient payout policy. This full-service financial institution, operating across Southeast Asia, has positioned dividends as a key strategy in delivering shareholder value. With a reported dividend payout ratio of approximately 55%, CIMB's dividend policy aligns closely with its robust earnings performance and sound capital adequacy, creating dependable income streams for investors.

In recent years, the CIMB dividend has remained an attractive proposition for income-focused portfolios, underpinned by steady profitability and sustainable asset quality. The latest research also supports CIMB’s continued ability to fund dividends, noting both strong capital ratios and improving loan demand. As we look ahead to its 2025 full-year forecasts, the bank is projected to sustain or modestly grow its dividends, buoyed by better trading revenues and limited credit risk pressure. Investors targeting Malaysian blue-chip financials with solid dividend track records will find CIMB to be among the most stable dividend payers.

Dividend Summary of CIMB (1023.BMS)

The following table highlights key dividend metrics for CIMB based on trailing data and company declarations:

• Dividend Yield (TTM): 4.88%
• Dividend Payout Ratio: Approx. 55.35%
• Dividend Frequency: Semi-Annual
• Currency: MYR (Malaysian Ringgit)

Dividend History of CIMB (1023.BMS)

Source: moomoo platform internal data

*Projected total based on two announced dividends for FY2025

How CIMB's Dividend Compares Within Malaysia’s Financial Sector

In comparison to other major players in Malaysia’s financial sector, CIMB dividend yield remains competitive. While Maybank and RHB also maintain strong dividend policies, CIMB’s semi-annual payout and steady 55% payout ratio offer a balance between yield and sustainability. For instance, RHB’s projected yield ranges between 6.6% to 6.9%, slightly higher, but CIMB compensates with broader regional exposure and diversified income streams. Moreover, CIMB has consistently demonstrated the ability to preserve dividends during cycles of interest rate adjustments and market volatility, validating its inclusion in diversified income-focused strategies.

Risk Assessment for CIMB (1023.BMS) Stock

Over the past quarter, CIMB has maintained relative price stability, with its share price fluctuating modestly between MYR 7.31 and MYR 7.45. From late October, daily turnover ranged between 37 million and 118 million shares, indicating healthy market participation and liquidity. However, signs of volatility emerged nearing month-end as net capital outflows resurfaced on October 30 and 31, with cumulative net outflows totaling MYR 9.85 million over those two days. This suggests a temporary moderation in investor confidence as market participants await Q3 earnings (due in November), injecting short-term speculative risk.

From an industry and macroeconomic standpoint, CIMB is vulnerable to sectoral risks tied to compressed net interest margins (NIMs). Analysts from HLIB and TA Securities note that while non-interest income continues to provide earnings resilience, thinning NIMs and moderate loan growth—especially in Malaysia and Singapore—could limit upside. Regulatory changes impacting lending standards or monetary policy shifts from Bank Negara Malaysia may further affect CIMB’s spread-based income. Nonetheless, a strong capital adequacy buffer, with a debt-to-asset ratio remaining stable at 90.65% (latest as of 2025Q2), insulates the bank from severe systemic shocks.

Company-specific risks highlight CIMB’s mixed operational performance. In Q2 2025, earnings per share (EPS) slipped slightly to MYR 0.18 (YoY -4.05%) and free cash flow swung to a negative MYR 5.19 billion. Coupled with a negative operating cash flow of -MYR 5.09 billion that quarter, investors may interpret this as a red flag in terms of internal capital generation and sustainability. That said, the bank’s dividend payout remains consistent, reflecting management's confidence in long-run cash flow predictability. Technological and ESG risks, such as digital transformation costs and compliance with global governance standards, remain long-term strategic priorities but do not present acute short-term threats.

Conclusion

In summary, CIMB (1023.BMS) stands out as a resilient and well-diversified banking stock within Malaysia’s financial sector. The company’s consistent earnings performance, strong institutional backing, and attractive dividend yield of 5.45% make it an appealing choice for both income investors and those seeking exposure to ASEAN’s banking growth. Despite some minor setbacks in Q2 2025 performance—such as slight EPS and profit margin declines—CIMB still showcases healthy fundamentals, supported by a stable return on equity and diversified revenue streams including digital assets and wholesale banking. Technical indicators suggest potential for a near-future breakout, fueled by recent capital inflows and steady price consolidation in the RM7.30–7.45 range.

Looking ahead, CIMB stock appears positioned for moderate growth, with projections pointing toward a price range of RM7.55 to RM7.60 by the end of this quarter, assuming macroeconomic stability and continued digital banking momentum. For investors, the recommended action is to closely monitor CIMB’s upcoming Q3 earnings report on November 28, 2025, which could act as a short-term catalyst. Long-term investors may consider accumulating shares during periods of price softness, especially given the stock’s strong dividend track record and strategic regional footprint. Whether you are focused on passive income or capital gains, CIMB offers a balanced risk-reward profile in Malaysia’s dynamic banking landscape.