RHB Research: CIMB on track to meet targets


Companies like CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd (HLFG) and AmBank Group Bhd may have to beef up their capital structures by 2019.

PETALING JAYA: The operations of CIMB Group remain stable, with the banking group on track to meet its financial year 2019 (FY19) financial targets, RHB Research said.

The research house, which has maintained its “buy” call on the counter, said it felt reassured of the group’s prospects after a recent meeting with the management.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

CIMB , RHB , buy , targets , bank ,

   

Next In Business News

PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
Meta projects higher spending, weaker revenue
Property market recovery on the horizon
Buyout proposal for Anglo American could reshape copper market

Others Also Read