0136 GMT - CIMB Group's long-term outlook may remain promising despite macroeconomic challenges and rising competition, TA Securities analyst Li Hsia Wong says in a note. Its six-year roadmap until 2030 sets ambitious yet achievable goals, leveraging its Asean presence to capitalize on trade opportunities and drive ROE growth, she says. Loan and deposit growth are projected at 7% and 4%, respectively, with ROE reaching 12.3% by 2027 amid stable credit costs, she reckons. However, cost-to-income pressures may persist due to tech investments and inflation. Net interest margin risks may arise from policy rate cuts and competition, but management expects AI-driven efficiencies to boost revenue and cost savings by 10%, she adds. TA Securities has a buy rating and MYR9.68 target on the stock, which is 1.0% lower at MYR7.72. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 20:36 ET (01:36 GMT)
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