CIMB Group saw its shares rise 2.1% to RM6.10 today, making it one of the top gainers on the KLCI. Market confidence is boosted by the expected growth contribution from its Indonesian operations, CIMB Niaga, amid accelerating economic recovery in Indonesia.
CIMB Group showed robust performance today, closing at RM6.10, up 12 sen or 2.1%. Several research houses reiterated their 'Buy' rating on CIMB, setting a target price of RM6.80. Analysts pointed out that improved loan growth and asset quality at CIMB Niaga in Indonesia will be a key earnings catalyst for the Group in FY2026. Furthermore, net interest margin (NIM) pressure in CIMB's Malaysian operations is expected to ease, further supporting its profitability outlook. The stock traded on higher-than-average volume, indicating strong institutional buying interest following positive sector reports.
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