CIMB's Indonesian Operation Trims ROE By 0.5% To 1%
CIMB's Indonesian Operation Trims ROE By 0.5% To 1%
Kenanga Research has maintained the MARKET PERFORM call for CiMB Group with a target price of RM7.60 (COE
Despite strong Malaysian and Singapore Performance, CIMB Group Holdings Bhd's Indonesian operation through CIMB Niaga saw recent trim of Return on Equity (ROE) to 14.5%-15.0% from 15.0%-16% due to grim Net Interest Margin (NIM) outlook, according to Kenanga Investment Bank Bhd (Kenanga Research).
儘管馬來西亞和新加坡的表現強勁，但根據肯安加投資銀行（肯安加研究）的數據，CIMb集團控件旗下印尼控件CIMb Niaga 的運營最近由於淨利息收益率（NIM）前景暗淡，ROE 從15.0%-16% 下調至14.5%-15.0%。
The strong liability management effors of CIMB Malaysia and CIMB Singapore have served as a cushion to the weaker Indonesian performance.
CIMb馬來西亞和CIMb新加坡的強勁責任管理努力已作爲對較弱印尼業績的支撐。
Analysts believe that CIMB Group's 11.0%-11.5% ROE target for 2024 is still within reach though the group's majority-owned CIMB Niaga recently trimmed its ROE by 0.5%-1% to 14.5%-15.0%.
分析師認爲，儘管集團大部分持有的CIMb Niaga 最近將其ROE從15.0%-16%下調至14.5%-15.0%，但CIMb集團控件2024年的11.0%-11.5% ROE目標仍然可以實現。
Kenanga Research has maintained the MARKET PERFORM call for CiMB Group with a target price of RM7.60 (COE1: 11.2%, TG2: 3.5%, ROE: 11.5%).
肯安加研究已經維持對CIMb集團控件的市場表現推薦，目標價爲RM7.60（COE1: 11.2%，TG2: 3.5%，ROE: 11.5%）。
As at 3:15pm on Nov 7, CIMB Group's stock traded at RM8.25, up by five sen from its previous closing price of RM8.20 on a volume of 12.2 million (12,235,200) shares.
截至11月7日下午3:15，CIMb集團控件的股票以RM8.25交易，比前一交易日的RM8.20上漲五仙，成交量爲1220萬股（12,235,200股）。
CIMB Group had consciously stepped back more from less profitable wholesale businesses which drew higher interest rates as compared to retail fixed deposits.
CIMb集團控件有意從利潤較低的批發業務中撤出更多，因爲相對於零售定期存款，這些業務收取更高的利率期貨。
The seasonal fourth quarter competition in the fixed deposits space will strain profitability in the near-term as banks typically secure liquidity ahead to support financing targets at the start of the following year.
固定存款領域的季度第四季競爭將在短期內對盈利能力造成壓力，因爲銀行通常會提前獲取流動性，以支持在下一年開始時的融資目標。
Analysts reflected a slight increase of NIMs to 2.24% (+2 bps, from the group's guidance of stable to +5 bps) in their 2024 assumptions. The full-year ROE of 10.6% is below the group's target, possibly stemming from softer Non-interest Income (NOII) trajectory that they prefer to maintain.
分析師在他們對2024年假設中反映出淨利息收益率略微增加到2.24%（+2個點子，高於集團指導的穩定到+5個點子）。全年roe爲10.6%，低於集團的目標，可能是因爲更軟的非利息收入（NOII）軌跡，他們更傾向於維持。
- COE: Cost of Equity ︎
- TG: Targeted Growth ︎
- 淨利息收益率：股權成本
- 目標增長
譯文內容由第三人軟體翻譯。
