Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: AMMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: AMMB
AmResearch expects CIMB Niaga to contribute 28 per cent to group pre-tax in financial year 2011 forecast from 25 per cent from 2010 financial year.
It said CIMB Niaga has just completed its fund-raising exercise in the form of Rupiah (Rp) 1.6 trillion sub-debt last month and Rp 1.5 trillion rights in early 2011.
For financial year 2011 forecast loans, CIMB Niaga was looking at achieving growth rates of about 18 to 20 per cent, which are similar to the latest quarterly trend in September last year.
"Its loan portfolio mix is still quite evenly spread between retail, business and corporate," it said in a research note.
AmResearch maintained its "buy" call on CIMB at a fair value of RM10.20. - Bernama
It said CIMB Niaga has just completed its fund-raising exercise in the form of Rupiah (Rp) 1.6 trillion sub-debt last month and Rp 1.5 trillion rights in early 2011.
For financial year 2011 forecast loans, CIMB Niaga was looking at achieving growth rates of about 18 to 20 per cent, which are similar to the latest quarterly trend in September last year.
"Its loan portfolio mix is still quite evenly spread between retail, business and corporate," it said in a research note.
AmResearch maintained its "buy" call on CIMB at a fair value of RM10.20. - Bernama
No comments:
Post a Comment