Analysts ‘positive’ on CIMB results
“We are encouraged by the strong loans growth and optimistic on the group achieving its target on the back of sustainable capital market activities, better than expected Islamic banking income and resolute loans with the absence of high provisions seen in FY16,” said Kenanga Research in a note.
PETALING JAYA: Analysts are generally positive on CIMB Group Holdings Bhd’s financial results for the first nine months ended Sept 30, which was up mainly as a result of stronger operating income.
According to Kenanga Research, CIMB Group’s financial performance in the first nine months ended Sept 30 has trumped its expectations, with the core net profit of RM3.41bil accounting for 84% of its full-year estimate.
Similarly, the group’s core net profit in the first nine months ended Sept 30 was also above consensus’ projection.
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