May 11, 2010

CIMB - CIMB downgraded to 'Hold'

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: AMMB

CIMB Group Holdings Bhd. had its stock rating downgraded to "hold" from "buy" at AmResearch Sdn Bhd following recent gains in the company's share price.

AmResearch said it maintained the stock's fair value at RM15.10, based on its estimated return on equity ratio of 15.9 per cent for the full year. - Bloomberg


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