KUALA LUMPUR (April 30): Analysts are mixed on CIMB Group Holdings Bhd’s outlook, even though its 92.5%-owned Indonesian banking unit PT Bank CIMB Niaga Tbk (CIMB Niaga) reported a robust set of financial results for the first quarter ended March 31, 2021 (1QFY21).
AmBank Research maintained its “buy” recommendation on CIMB Group, with an unchanged fair value (FV) of RM5.50 per share, based on an estimated FY22 return on equity (ROE) of 9%, leading to a price-to-book value ratio of 0.9 times.
“CIMB Niaga s strong earnings in 1QFY21 led to an ROE of 10.5%.
“With the number of Covid-19 cases in Indonesia on a declining trend, this, coupled with optimism about the country’s vaccination programme, is likely to improve consumer and business sentiment, leading to an economic recovery in Indonesia,” analyst Kelvin Ong said in a note today.
KUALA LUMPUR, May 2 (Bernama): Analysts are mixed on CIMB Group Holdings Bhd’s outlook despite its 92.5 per cent-owned Indonesian banking unit, PT Bank CIMB Niaga Tbk (Niaga) reported a robust financial results in the first quarter ended March 31,2021 (Q1 FY21).
AmBank Research has maintained a buy” recommendation on CIMB Group with an unchanged fair value of RM5.50 per share based on FY22 return on equity (ROE) of 9.0 per cent, leading to a price-to-book value ratio 0.9 times. The strong Niaga’s earnings in 1QFY21 led to an ROE of 10.5 per cent. With the number of COVID-19 cases in Indonesia has been on a declining trend, this, coupled with the optimism on the country’s vaccination programme, are likely to improve consumer and business sentiment leading to an economic recovery in Indonesia, ” analyst Kelvin Ong said in a note today.
KUALA LUMPUR, April 30 Analysts are mixed on CIMB Group Holdings Bhd’s outlook despite its 92.5 per cent-owned Indonesian banking unit, PT Bank CIMB Niaga Tbk (Niaga) reported a robust financial results in the first quarter ended March 31, 2021 (Q1 FY21). AmBank Research has.
KUALA LUMPUR (April 2): Analysts are negative on AMMB Holdings Bhd s (AmBank) private placement plan due to its earnings dilutive effects.
CGS-CIMB Research analyst Winson Ng said AmBank’s proposed private placement was a negative surprise as the bank did not guide for any plan for private placements, and previously stated that it had enough capital buffers to absorb the RM2.83 billion provision for the 1Malaysia Development Bhd (1MDB) settlement.
“Based on our calculations, we estimate that the private placement would dilute its earnings per share (EPS) by 4% for the financial year ending March 31, 2022 (FY22) and 8.3% for FY23, based on the assumed issue price of RM2.70.
The incredible winning images in the inaugural Frank Hurley Photography Awards dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.