Near-term earnings weakness for CIMB


PETALING JAYA: CIMB Group Holdings Bhd’s ambitious target to cut cost and reorganise its business divisions could result in near-term pain for investors, analysts said.

Shares in CIMB fell 10 sen from a two-week high to close at RM5.70 yesterday with 10 million shares traded.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Hong Leong Bank adds Weixin Pay to DuitNow QR for easier payments
EPF, Tabung Haji exit Globetronics
Tex Cycle secures EIA approval for RM100mil Sabah waste facility
Pansar secures RM777mil contract for Sarawak-Sabah link road
Ringgit breaches 4.30 level against US dollar, hits 20-month high
Yuwang Plantation ups stake in Nextgreen Global to 7.5%
WTO guards third countries like Malaysia from US-China trade war
HeiTech Padu bags RM133.73mil contract from JPJ
FBM KLCI ends on a high note; Property Index surges 2.26%
Japan says Seven & i now 'core' to national security

Others Also Read