Maybank Investment Bank research unit said the key reasons included an assumption of lower loan growth and higher credit costs.“We cut CIMB Group’s FY20-FY22 net profit by 20%-25% amid lower earnings expectations, both domestically and at CIMB Niaga."
PETALING JAYA: CIMB Group
Holdings Bhd is expected to see an 18% contraction in its financial year 2020 (FY20) earnings before a 3% rebound in FY21, said Maybank Investment Bank.
Maybank Investment Bank research unit said the key reasons included an assumption of lower loan growth and higher credit costs.
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