PETALING JAYA: CIMB Group Holdings Bhd
continues to be a favoured banking stock following the within-expectations financial performance of its Indonesian subsidiary, PT Bank CIMB Niaga Tbk, which released its financial results for the second quarter ended June 30 (2Q) on Wednesday.
Hong Leong Investment Bank (HLIB) Research said CIMB Niaga’s 1.4% growth in net profit for the first half of financial year ending Dec 31, 2025 (1H25) compared to 1H24 was within expectations and accounted for 49% of both its and the market’s full-year forecasts.
