Earnings AlertsSmartkarma Newswire

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.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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