Analyst Research Report Snapshot

Title:

Flash Note – CIMB Group (ADD, maintain) - Lower allowances drive 1QFY13

Price:

$23.00

Provider:

Affin Investment Bank

Date:

29 Apr 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

CIMB.KL

Available for Immediate Download
Summary:

Lower allowances drive 1QFY13 CIMB Niaga’s 1QFY13 net profit up 12.5% yoy to Rp1,054bn CIMB Niaga chalked up a net profit of Rp1,054bn (+12.5% yoy) in 1QFY13 on the back of a sharp fall in allowances (-32.7% yoy) due to improvement in asset quality. This is well reflected by the dip in gross impaired loan ratio from 3.43% to 2.84%. The results were within our expectations and accounted for 27% of our FY13 net profit forecast of RM4,712.2m for the CIMB Group.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.