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4-Traders Homepage  >  Equities  >  BURSA MALAYSIA  >  CIMB Group Holdings Bhd    CIMB   MYL1023OO000

CIMB GROUP HOLDINGS BHD (CIMB)
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CIMB Group Holdings Bhd : CIMB Group enhances students? English proficiency

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04/19/2012 | 08:10am CEST

Kuala Lumpur: In a move to boost the proficiency of the English language among young students of rural primary schools in the country, CIMB Group, via its Community Link programme, funded by CIMB Foundation, had contributed over RM65,000 to three primary schools in Pahang. The funds will be utilised to further develop the 'Act on Your English' Project for Year One students of Sekolah Rendah Kebangsaan Bukit Bota, Sekolah Rendah Kebangsaan Bukit Segumpal and Sekolah Rendah Kebangsaan Chenor.

In a recent cheque presentation ceremony held in Chenor, Pahang, Dato' Haji Tan Mohd Aminuddin Haji Ishak, ADUN of Chenor and Dato' Sulaiman Mohd Tahir, Executive Director of CIMB Bank presented the cheques to the teachers from these three schools. In Pahang alone, CIMB Group has implemented 35 projects since 2007, with total funds contributed at RM435,000.

"One of the main focus of Community Link projects is education, and we emphasise on enhancing the proficiency of the English language among the communities in Malaysia. In 2011, CIMB Foundation approved 51 education projects of this nature, with total funding of over RM930,000 nationwide," explained Sulaiman.

Since the inception of Community Link as CIMB Group's flagship Corporate Responsibility programme in 2007, staff from 325 CIMB Bank and CIMB Islamic branches nationwide have been closely involved with the communities and non-governmental organisations to identify the needs of the communities where they operate. 695 Community Link projects have since been initiated with total funding amounting to RM29.3 million.

"I am proud to say that our effort today is exemplary and signifies the commitment by our staff in improving the lives of the less fortunate. We hope that our contribution will further improve the standard of English among the children from these rural schools," added Sulaiman.

Additionally, 'Back to School' kits from CIMB Foundation were also presented to the student representatives of these three schools. These kits were pledges by young golfers under CIMB Junior Golf Development Programme. For every hole-in-one, birdie, eagle or albatross the junior golfers scored during tournaments last year, CIMB Foundation had agreed to donate 'Back to School' kits to underprivileged kids. The kits include school uniforms, school bags, school shoe vouchers, pencil cases and stationery items. 

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Financials ( MYR)
Sales 2018 18 323 M
EBIT 2018 8 462 M
Net income 2018 5 423 M
Debt 2018 -
Yield 2018 4,32%
P/E ratio 2018 11,18
P/E ratio 2019 10,60
Capi. / Sales 2018 3,37x
Capi. / Sales 2019 3,19x
Capitalization 61 814 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,63  MYR
Spread / Average Target 16%
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Managers
NameTitle
Zafrul bin Tengku Abdul Aziz Group Chief Executive Officer & Executive Director
Mohamed Nazir bin Abdul Razak Chairman
Ramesh Narayanaswamy Group CTO & Chief Operations Officer
Shahnaz Farouque bin Jammal Ahmad Group Chief Financial Officer
Glenn Muhammad Surya Yusuf Independent Director