BFM Podcast

AmInvest Neutral on CIMB's BOYK Stake Sale

Tan KW
Publish date: Thu, 05 Jan 2017, 03:30 PM

Kelvin Ong, Analyst, AmInvestment Bank

05-Jan-17 13:30

 

CIMB Group has proposed to sell its 18.2% stake in Bank of Yingkou for RM972 million ringgit, in line with the group's plans to focus on its core businesses in core markets. We explore if this deal bodes well for the group, capital uplift and the impact to CIMB's bottomline and AmInvestment's call on the stock.  

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