CIMB Group Holdings 1Q Earnings Miss Estimates: Revenue of 5.00 Billion Ringgit +5.5% y/y

• CIMB’s 1Q revenue was 5.00 billion ringgit, a 5.5% increase year-over-year. This was below analyst expectations of 5.18 billion ringgit.
• Net income was 1.64 billion ringgit, a 15% increase year-over-year.
• Earnings per share (EPS) was 15.42 sen.
• Of the analysts surveyed, 16 rated the stock a buy, 5 rated it a hold, and 0 rated it a sell.

A look at CIMB Group Holdings Smart Scores

CIMB Group Holdings Berhad has been given a Smartkarma Smart Score of 4 for Value, 4 for Dividend, 3 for Growth, 2 for Resilience and 2 for Momentum. This indicates that CIMB Group Holdings is well-positioned for the long-term, as it has strong fundamentals and a good dividend yield. The company provides commercial banking and related financial services, and offers a full range of financial products and services, covering corporate and investment banking, consumer banking, treasury, insurance and asset management.

The Smartkarma Smart Scores suggest that CIMB Group Holdings is well-positioned to continue to provide competitive services in the long-term. The company’s strong fundamentals, high dividend yield, and wide range of financial services make it a good long-term investment. With the right strategies and a focus on innovation, CIMB Group Holdings is likely to remain a strong player in the financial services industry.

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