Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: AMMB
CIMB Group Holdings Bhd. was upgraded to "buy" from "hold" at AmResearch Sdn Bhd on expectations of improved non-interest income, particularly from overseas capital markets in Asia.
Its appointment as one of 11 bookrunners for AIA Group Ltd's Hong Kong initial public offering is testimony to its growing regional investment banking franchise, AmResearch said in a report today.
CIMB's fair value was raised to RM9.60 from RM7.80, according to the report. - Bloomberg
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: AMMB
CIMB Group Holdings Bhd. was upgraded to "buy" from "hold" at AmResearch Sdn Bhd on expectations of improved non-interest income, particularly from overseas capital markets in Asia.
Its appointment as one of 11 bookrunners for AIA Group Ltd's Hong Kong initial public offering is testimony to its growing regional investment banking franchise, AmResearch said in a report today.
CIMB's fair value was raised to RM9.60 from RM7.80, according to the report. - Bloomberg
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