Share Price: RM6.93 | Target Price: RM7.60 | Rating: HOLD
FY2025E: NPAT: RM7,708m | EPS: RM0.720 | DPS: RM0.470
FY2025E: NPAT: RM7,708m | EPS: RM0.720 | DPS: RM0.470
CIMB 1Q25 Results Update (MIB)
CIMB’s 1QFY25 earnings were within expectations. Our TP of MYR7.60 is maintained (FY25E PBV of 1.1x, COE: 10.1%, g: 4%, ROE: 10.9%), as is our
HOLD call. With its ASEAN presence, CIMB is more exposed to volatility within the region as compared to its more domestic-centric peers, in our
view.
Report Date 2/6/25
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts: FY2025: Net Profit: RM7,708m | EPS: RM0.72 | DPS: RM0.40
FY2026: Net Profit: RM8,058m | EPS: RM0.75 | DPS: RM0.41
Target Price reduced from RM6.93 to RM7.60. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts: FY2025: Net Profit: RM7,708m | EPS: RM0.72 | DPS: RM0.40
FY2026: Net Profit: RM8,058m | EPS: RM0.75 | DPS: RM0.41
Target Price reduced from RM6.93 to RM7.60. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.