KUALA LUMPUR: RHB Research has raised its FY22-FY24 earnings forecasts and target price on CIMB Group Holdings Bhd
on higher income assumption following the release of better-than-expected earnings in the first half of 2021.
The research house said FY22-24 forecast earnings were raised 9%, 2% and 2% respectively while FY21 credit cost assumption was unchanged at 90bps.
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