KUALA LUMPUR: CIMB Group Holdings Bhd received a neutral call with a target price of RM6.40 from PublicInvest Research on the bank's Indonesian unit's improved 1H2017 net profit. CASA ratio stayed high at 54.3 per cent in 2QFY17 (1QFY17: 55.7 per cent), lifted by a 1.6 per cent YoY increase in related deposits. "Interest expense was down 19.8 per cent YoY in 1HFY17. The research house also highlighted that the CIMB Group continued to see improvements in its asset quality. "Both postpaid and prepaid subscribers increased by 18.8 per cent YoY and 12.1 per cent YoY to 582,000 and 49.9 million, respectively," the firm wrote in a separate company update note.

Source: New Strait Times August 01, 2017 01:44 UTC