Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Manageable. Any impact from Bank Indonesia's recent guidelines is likely to be confined mainly to CIMB Niaga's vehicle financing segment and we do not see a significant slowdown in its loan growth as such. We think the overall earnings impact will be minimal at the CIMB group level and our forecasts are maintained. Sell and RM6.80 TP maintained (target P/BV of 1.9x, 2012 ROE: 16.1%).
Maybank Research 22 March 2012
Click here for full report
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: MAYBANK | Price Call: SELL | Target Price: 6.80 |
Manageable. Any impact from Bank Indonesia's recent guidelines is likely to be confined mainly to CIMB Niaga's vehicle financing segment and we do not see a significant slowdown in its loan growth as such. We think the overall earnings impact will be minimal at the CIMB group level and our forecasts are maintained. Sell and RM6.80 TP maintained (target P/BV of 1.9x, 2012 ROE: 16.1%).
Maybank Research 22 March 2012
Click here for full report
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