CIMB Group Holdings Bhd saw its stock price climb 1.5% to close at RM6.15 per share, making it one of the best-performing blue chips today. The market holds positive expectations regarding the strong growth potential of its Indonesian and Thai operations.
CIMB Group stood out today, closing at RM6.15, up 9 sen. Despite the overall banking sector pressure, analysts favor CIMB's diversified revenue streams across ASEAN markets. The group recently announced strong net profit growth from its Indonesian subsidiary, PT Bank CIMB Niaga Tbk, boosting investor confidence. Furthermore, market expectations that Bank Negara Malaysia will maintain interest rates help stabilize the bank's Net Interest Margin (NIM). CIMB recorded active trading volume, indicating institutional interest in its regional expansion strategy.
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