CIMB Group Holdings Bhd shares rose 1.8% to RM5.70, following positive analyst ratings driven by strong performance in its Indonesian and Thai markets and improving net interest margins.
CIMB Group Holdings Bhd (1023) demonstrated strong performance today, gaining 10 sen to close at RM5.70, making it one of the top blue-chip gainers on the KLCI. Analysts noted that CIMB’s regional strategy is paying dividends, particularly its Indonesian unit, PT Bank CIMB Niaga Tbk, which continues to show improving asset quality. UOB Kay Hian maintained its 'Buy' rating with a target price of RM6.30, citing an optimistic outlook for the bank’s Net Interest Margin (NIM) and expectations for a higher Return on Equity (ROE) in FY2026. The bank’s focus on digitalization and cost management across Southeast Asia is bolstering investor confidence.
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