Recent selldown makes CIMB attractive

Steady earnings: Workers hang a flag at a CIMB building in Kuala Lumpur. The country’s second-largest bank by asset size made a net profit of RM580.12mil in the first quarter ended March 31.

Recent selldown makes it one of the cheapest banking stocks

PETALING JAYA: Value has emerged in CIMB Group Holdings Bhd with the recent selldown, making it one of the cheapest banking stocks around, trading at only one times price-to-book (P/B) against its peers’ 1.2 times.