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IDR Depreciation Could Erode CIMB Niaga’s Contribution To Group

Business Today LogoBusiness Today2d ago

IDR Depreciation Could Erode CIMB Niaga’s Contribution To Group - Business Today

Quick Summary:

Kenanga Research has maintained its “Outperform” rating and target price of RM7.90 for CIMB Group, highlighting the positive performance of CIMB Niaga, CIMB’s Indonesian subsidiary.

According to the research report, CIMB Niaga’s first-quarter FY25 net profit rose by 7%, meeting expectations.

CIMB Group is listed as one of Kenanga Research’s Top Picks for 2QCY25.

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IDR Depreciation Could Erode CIMB Niaga’s Contribution To Group - Business Today (Picture 1)

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 04:52:38 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28310444

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About Business Today

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Main Topics: EconomyBusiness

Official Website: businesstoday.com.my

Update Frequency: 15 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 13 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #72

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