Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Little impact. We see little impetus for CIMB to acquire RBS' Asian equities and advisory businesses but even if it did, pricing is likely to be decent enough, with little impact to CIMB's financials. We maintain our Sell call on CIMB with an unchanged RM6.80 target price (1.8x 2012 P/BV, ROE: 15.1%).
Maybank Research 9 Feb 2012
Click here for full report
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: MAYBANK | Price Call: SELL | Target Price: 6.80 |
Little impact. We see little impetus for CIMB to acquire RBS' Asian equities and advisory businesses but even if it did, pricing is likely to be decent enough, with little impact to CIMB's financials. We maintain our Sell call on CIMB with an unchanged RM6.80 target price (1.8x 2012 P/BV, ROE: 15.1%).
Maybank Research 9 Feb 2012
Click here for full report
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