February 29, 2012

BIMB - Robust loan growth

Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 2.20



BIMB Holdings; Buy; RM2.15
Price Target: RM2.20; BIMB MK

4Q11/FY11 results beat expectation, driven by stronger non-interest income. Robust loan growth at 19% y-oy. Asset quality improved with gross impaired financing dropped to 2.6%.

Source: HwangDBS Research 29 Feb 2012

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