PETALING JAYA: Following CIMB Group Holdings Bhd’s Indonesian unit – CIMB Niaga’s – recent financial results, analysts believe that the banking group will do better in the coming quarters, banking on an economic recovery theme.
In a report to clients, AmInvestment Bank’s research unit said CIMB was “one of the systematically important banks that is envisaged to post improved earnings riding on the economic recovery.”
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