Stock on the Move

Quick take: CIMB falls on worries over Hin Leong Trading exposure

UOB Kay Hian Malaysia Research said HLT has a small impact to CIMB’s book value while some provisions may have been made.

KUALA LUMPUR: CIMB Group Holdings Bhd’s share price fell over 3% in early trade Wednesday on investors’ worries the bank is believed to have exposure to Singapore’s Hin Leong Trading (Pte) Ltd (HLT).

The bank shed 3.6%, or 13 sen to RM3.48 with 2.16 million shares traded.

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CIMB , Hin Leong Trading , exposure , small impact , provisions

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