The latest bancassurance deal that came on the radar of investors was the strategic partnership between CIMB Group Holdings Bhd and Japan
KUALA LUMPUR: Maybank Investment Bank Research has maintained its “buy” call on CIMB Group
with a higher target price of RM7 to reflect the overall improvement in the operating environment and the potential for upside surprises to earnings if credit costs come in lower than expected.
The research house said CIMB’s 1Q17 was a decent operating quarter for CIMB Group and its forecasts are maintained.
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