PETALING JAYA: Earnings forecast for CIMB Group
Holdings Bhd has been reduced by 2% to 3.2% for the next two financial years to take into account lower loans growth.
In lowering its forecast, UOB Kay Hian said that following a recent downward revision of CIMB's loans growth target from 18% to “low to mid-teens” for this year, it was putting the loans growth target for CIMB from 18% to 15% for this year.
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