KLSE (MYR): CIMB (1023)
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Last Price
7.92
Today's Change
-0.07 (0.88%)
Day's Change
7.84 - 8.00
Trading Volume
29,253,500
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IVAN2222
2,094 posts
Posted by IVAN2222 > 2017-10-05 11:14 | Report Abuse
2222 IVAN2222 IVAN2222 Nomura Research believes the shares still have upside potential. It upgraded the stock to a “buy” from “neutral” last Thursday and raised its target price by RM1.50 to RM7.90, citing CIMB as the only stock within its coverage of Malaysian banks to have a meaningful return on equity (ROE) turnaround story.
It expects CIMB’s ROE to rise from 8.2% in 2016 to around 10% in 2018, notwithstanding the impact from the MFRS9 accounting standard, which will kick in from next year.
Maybank IB, meanwhile, maintains a “buy” on CIMB with a RM7.50 target price.
05/10/2017 11:14