Share price has broken support line.
MACD is bearish.
CIMB is seen to be oversold.
RSI is at 27.
May have buying opportunity.
Note:
Analysts target price is about RM7.20.
Potemtial upside of 39%.
https://klse.i3investor.com/ptservlet.jsp?sa=pts&q=CIMB
Source : UOBKayHian
CIMB reported 1Q18 results that were below expectations due to higher marked-tomarket trading losses. Management has retained its guidance for a sequentially stronger 2H18 as loans growth gains momentum. However, we trim our earnings forecasts to factor in a more conservative fee income and NIM outlook This prompts us to trim our target price to RM7.40 (1.33x 2018F P/B, 10.2% ROE). Maintain BUY as sentiment-driven selldown has the stock trading at an attractive -1SD P/B and PE.
No comments:
Post a Comment