Dialog 'buy', CIMB 'buy', Lotte 'add'

25 Sep 2017 - The Star Online
DIALOG GROUP BHD By AmInvestment Bank Buy (maintained) Fair value: RM2.45 AmInvestment Bank is reiterating its “buy” recommendation on Dialog with a higher sum-of-parts-based fair value of RM2.45 per share (from an earlier RM2.24 per share), which implies a 2018 price-to-earnings ratio of 35 times, which ...
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Maybank IB Research retains Buy on CIMB, target price RM7.50

21 Sep 2017 - The Star Online
KUALA LUMPUR: Maybank Investment Bank Research is maintaining its Buy call on CIMB Group Holdings Bhd and target price of RM7.50, pegging 2018 valuations to a price-to-book value (P/BV) of 1.3 times and return on equity (ROE) of 10.6%. It said on Thursday Mitsubishi UFJ Financial Group’s banking entity, ...
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CIMB confirms MUFJ sold entire 412m shares

20 Sep 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd confirmed that Mitsubishi UFJ Financial Group’s (MUFG) banking entity sold its entire 412 million CIMB shares. CIMB said on Wednesday that MUFG's unit, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) had sold the 4.6% stake via an overnight block trade. “The divestment ...
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CIMB extends losses early Wednesday in active trade

20 Sep 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd’s share price fell to a low of RM6.22 early Wednesday – the lowest since July 17 this year on news Mitsubishi UFJ Financial Group (MUFG) was divesting its entire stake. At 9.32am, CIMB was down 17 sen to RM6.29. It was actively traded with 14.86 million shares done. ...
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CIMB cost ratio seen rising with little impact to earnings

8 Sep 2017 - The Star Online
PETALING JAYA: Following the proposed acquisition of Jupiter Securities and the eventual stake sale of CIMB Securities International (CSI), CIMB Group’s overall cost-to-income ratio is due to be enhanced, but with minimal impact to its earnings, said Maybank Investment Bank (IB) Research. In a research ...
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CIMB expands stockbroking biz, buys Jupiter Securities for RM55m

6 Sep 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd is expanding its stockbroking business by buying Jupiter Securities for RM55mil which will be the platform for its partnership with China Galaxy International Financial Holdings Ltd. It said on Wednesday CIMB Group Sdn Bhd had signed a conditional share purchase ...
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Higher tax rate damper for Supermax

1 Sep 2017 - The Star Online
PETALING JAYA: CIMB Equities Research has cut Supermax Corp’s financial year (FY) 2018-2019 (forecast) estimates by 10.8% to 14.3% to account for a higher tax rate and higher operating expenses, especially in the contact lens segment. The research firm said its “hold” call remains but its target price ...
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CIMB Treasury not behind rumour about 10% inheritance tax

30 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Group has refuted a rumour on social media that CIMB Treasury is the source of information about a proposed 10% inheritance tax in the coming Budget proposals. In a statement issued on Wednesday, the CIMB Group clarified that neither the group nor any of its subsidiaries has made any ...
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CIMB 'hold', Mah Sing 'outperform'

30 Aug 2017 - The Star Online
CIMB GROUP HOLDINGS BHD By UOB Kay Hian Hold (maintained) Target price: RM6.20 THE group’s second quarter 2017 earnings (ended June 30) of RM1.18bil was largely in line with both UOB Kay Hian’s and consensus forecasts, representing 49% of its full-year estimate, the research house said. “However, we ...
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Maybank Investment maintains Buy on CIMB on robust earnings

29 Aug 2017 - The Star Online
KUALA LUMPUR: Maybank Investment Research has maintained its Buy call on CIMB Group Holdings Bhd as it forecasts robusts earnings growth of 27%/16% in FY17/18E with an expected ROAE expansion to 10.6% in FY18 from 7.9% in FY16. Its target price remains unchanged at RM7.50 on a 2018 price-book value ...
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