Share Price: RM7.81 | Target Price: RM8.12 | Rating: HOLD
CIMB reported 4Q24 net profit of RM2,030.6m (+4.9% yoy, -11.2% qoq), bringing 2024 earnings to RM7,730.7m (+10.7% yoy). The results were broadly in line with expectations, representing 95%/98% of our full-year estimates.
CIMB Results Update for Q4 Ending 31/12/24
Research House: UOB Kay Hian Investment Bank (UOBIB)
Analyst: Keith Wee Teck Keong
FY2025 Forecast: Net Profit: RM8,294m | EPS: RM0.77 | DPS: RM0.414