CIMB Lauded For Proactive Sustainability Measures
CIMB Lauded For Proactive Sustainability Measures
CIMB Group Holdings Bhd's strides towards decarbonisation and robust financial performance were highlighted by Kenanga Investment Bank in its Malaysia Company Update today (July 4, Thursday).
Kenanga投資銀行在今天（7月4日星期四）發佈的《馬來西亞公司簡報》中重點介紹了聯昌國際集團控股有限公司在脫碳方面取得的進展和強勁的財務業績。
Kenanga maintains an OUTPERFORM rating on CIMB with a target price (TP) of RM7.60, derived using the GGM (Gordon Growth Model)-derived PBV (Price-to-Book Value) method, CIMB Group Holdings Bhd's target price of RM7.60 is calculated based on a cost of equity (COE) of 11.2%, terminal growth (TG) of 3.5%, and return on equity (ROE) of 11.5%. This valuation underpins CIMB's commitment to achieving net-zero operational greenhouse gas emissions by 2030, with extended targets for 2050, placing it ahead of local peers in environmental sustainability efforts. The bank's 4-star ESG score further bolsters its outlook, supporting Kenanga's positive stance on CIMB as one of its top picks for Q3CY24.
凱南加維持聯昌國際的跑贏大盤評級，目標價格（TP）爲7.60令吉，該評級使用GGM（戈登增長模型）衍生的PBV（賬面市值）方法得出，聯昌國際集團控股有限公司的目標價爲7.60令吉，股本成本（COE）爲11.2％，終端增長（TG）爲11.5％，股本回報率（ROE）爲11.5％。這一估值支持了聯昌國際到2030年實現運營溫室氣體淨零排放的承諾，並延長了2050年的目標，使其在環境可持續發展方面領先於當地同行。該銀行的4星ESG評分進一步提振了其前景，支持了肯南加對聯昌國際銀行作爲其 Q3CY24 首選之一的積極立場。
CIMB has outlined comprehensive decarbonisation initiatives targeting high-emitting sectors such as oil & gas and real estate, collectively forming a significant portion of its loan book. These efforts include refraining from new financing for upstream oil fields and promoting sustainable energy solutions to reduce operational emissions intensity.
聯昌國際已經概述了針對石油和天然氣以及房地產等高排放行業的全面脫碳舉措，這些舉措共同構成了其貸款賬簿的很大一部分。這些努力包括避免爲上游油田提供新的融資，以及推廣可持續能源解決方案以降低運營排放強度。
The real estate sector, constituting 38% of CIMB's total loan portfolio, remains pivotal in its decarbonisation strategy. By financing energy-efficient buildings and supporting renewable energy projects, CIMB aims to mitigate the sector's carbon footprint while enhancing its own ESG credentials.
佔聯昌國際總貸款組合的38％的房地產行業仍然是其脫碳戰略的關鍵。通過爲節能建築融資和支持可再生能源項目，CIMB旨在減少該行業的碳足跡，同時增強自己的ESG資格。
In addition to sustainability efforts, CIMB is enhancing financial inclusivity by reaching out to vulnerable communities with insurance and wealth-building products. This initiative aims to foster long-term financial stability among underserved groups, potentially translating into sustainable growth for the bank.
除了可持續發展努力外，聯昌國際還通過向弱勢社區提供保險和財富積累產品來增強金融包容性。該計劃旨在促進服務不足群體的長期財務穩定，這有可能轉化爲該銀行的可持續增長。
Kenanga reiterates its optimistic outlook on CIMB's financial performance, forecasting steady growth in net interest income and non-interest income through FY25. With a robust return on equity (ROE) trajectory and attractive dividend yields, CIMB remains well-positioned to deliver shareholder value amidst a challenging economic environment.
凱南加重申其對聯昌國際財務業績的樂觀展望，預測到25財年，淨利息收入和非利息收入將穩步增長。憑藉強勁的股本回報率（ROE）軌跡和誘人的股息收益率，聯昌國際仍然有能力在充滿挑戰的經濟環境中創造股東價值。
The stock has demonstrated resilience with a year-to-date price increase of 20.3%, outperforming the broader market's 11.0% gain. This performance underscores investor confidence in CIMB's strategic initiatives and financial health.
該股表現出彈性，今年迄今爲止的價格上漲了20.3％，超過了大盤11.0％的漲幅。這一表現凸顯了投資者對聯昌國際銀行戰略舉措和財務狀況的信心。
Kenanga's recommendation to maintain an OUTPERFORM rating and TP of RM7.60 reflects CIMB's strong fundamentals, proactive sustainability measures, and promising growth prospects in the regional banking sector.
Kenanga建議維持跑贏大盤的評級和目標價爲7.60令吉，這反映了聯昌國際強勁的基本面、積極的可持續發展措施以及區域銀行業令人鼓舞的增長前景。
譯文內容由第三人軟體翻譯。