CIMB BUY Maintained Ahead of 4QFY25 Results with RM9.56 Target

Kuala Lumpur, 26, January: CIMB Group Holdings Berhad receives a maintained BUY recommendation in its 4QFY25 pre-results review, with an unchanged target price of RM9.56 based on the Gordon Growth Model. Analysts anticipate standard dividends to be augmented by special payouts, potentially offering further upside. The net interest margin (NIM) outlook remains positive, driven by contributions from Singapore and Bank CIMB Niaga, alongside aggressive growth in current and savings accounts (CASA).

CIMB BUY Maintained

Cross-selling efforts are boosting non-interest income (NOII) prospects. Operating expenses (OPEX) have been well-managed in FY25, preserving investments in technology, while overseas workforce mitigates local collective agreement impacts. Asset quality is neutral, with stability in most segments but minor challenges in Niaga’s consumer loans. Loan growth may moderate due to currency effects and weaker economies in Indonesia and Thailand, offset by stronger Malaysian and Singaporean outlooks. Thailand’s portfolio continues its turnaround.

Business News