PETALING JAYA: The tide may be turning for CIMB Group Bhd, where loans growth outperformed the industry average last year, but the optimism is tempered by caution.

PETALING JAYA: Analysts, including those at CIMB Research and Kenanga Research, have reiterated their “underweight” calls on the automotive sector amid stalling sales of new cars.

Meanwhile, Kenanga Research maintained a “market perform” stance on CIMB Group, setting a TP of RM6.60 per share.

In a note today, Kenanga Investment Bank Bhd (Kenanga) said that CIMB’s 1Q2023 net profit of RM1.65 billion was within expectations. “The group has made headways to record double-digit return on ...

Meanwhile, Kenanga Research maintained a "market perform" stance on CIMB Group, setting a TP of RM6.60 per share. “CIMB Niaga has made headway in regaining NIMs, despite the central bank's potential ...

CORONAVIRUS | The CIMB branch at Menara UAB on Jalan Tun Perak has been closed to undergo thorough sanitisation and deep cleaning after one of its employees tested positive for Covid-19.

“CIMB and AmBank have been selected as top picks among the Malaysian banks, followed by smaller cap banks such as Alliance Bank,” Kenanga added.

CIMB set to appoint former Securities Commission chief Syed Zaid as chairman: sources South-east Asia’s fifth largest lender by assets posted a net profit of RM2 billion, a 1.9 per cent increase from ...

Kenanga feels that the offer price is favourable to Integrax’s shareholders as its peers have more diversified client portfolio and larger port-handling capacity as compared to Integrax. Shares of ...