- CIMB’s Strong Performance: CIMB’s net income for the second quarter reached 1.89 billion ringgit, surpassing the estimated 1.8 billion ringgit.
- Revenue Details: The company reported a total revenue of 5.60 billion ringgit for the quarter.
- Earnings Per Share (EPS): CIMB’s earnings per share stood at 17.57 sen.
- Analyst Ratings: There are 18 buy recommendations, 2 hold recommendations, and 0 sell recommendations for CIMB.
A look at CIMB Group Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts indicate a positive long-term outlook for CIMB Group Holdings based on its Smartkarma Smart Scores. The company scored well in several key factors, with high ratings in Dividend, Growth, and Momentum. This suggests that CIMB Group Holdings is performing strongly in terms of rewarding shareholders, demonstrating growth potential, and maintaining positive market momentum.
CIMB Group Holdings Berhad, a regional universal bank, offers a comprehensive suite of financial products and services. With a solid performance in key areas like Dividend, Growth, and Momentum, the company appears well-positioned for long-term success in the commercial banking sector.
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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