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Top Calls
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Company Update - CIMB
(HOLD, upgrade)
CIMB Thai: 1H15 net profit down 44% yoy CIMB Thai saw a 66% qoq improvement in 2Q15 net profit, though 1H15 net profit was still 44% lower yoy due to higher impaired loan allowances. Asset quality and NIM deteriorated further in 2Q15, though expenses were under control. As the stock price has pulled back to our TP level of RM5.50, we upgrade CIMB to HOLD from Sell.
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Other Calls
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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