Tuesday, May 3, 2016

Affin Hwang Capital Daily Insight (LV) - 3 May 2016 - CIMB / BANKING

Top Calls

Company Update CIMB Group (BUY, maintain)

- Groups outlook stabilizing

We believe that the CIMB Group is on track for an earnings recovery subsequent to being bogged down with hefty provision costs from Indonesia as well as a restructuring and mutual separation scheme amounting to RM652m in 2015. Maintain BUY on CIMB with our PT at RM5.00.


Other Calls

Sector Update Banking (OVERWEIGHT, maintain)

- Weak March loan growth, 2H16 to pick up



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails