Kenanga Research is keeping its earnings forecasts for CIMB Group unchanged pending the release of group-level earnings results.
PETALING JAYA: PT Bank CIMB Niaga Tbk, the 92.5%-owned Indonesian subsidiary of CIMB Group Holdings Bhd
, had a strong finish in financial year 2023 (FY23), with results within analysts’ expectations.
However, the bank indicated that FY24 targets and growth trajectory could likely ease.
