MIDF Research maintains Neutral on CIMB, TP RM8.10


KUALA LUMPUR: MIDF Equity Research is maintaining its Neutral outlook on CIMB Group with an adjusted target price of RM8.10.

It said on Wednesday the private placement exercise of 500 million new shares or 6.08% of the group’s enlarged share capital of 8.229 billion shares upon completion, would raise RM3.55bil.

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