[New post] CIMB: Bursa Malaysia – Reduce TP RM6.59 (Previous RM7.48)

alanyeo posted: " Expected decline in FY22F equity ADTV At 77.5% of our full-year forecast, 9M21 net profit was within expectation.Two proposals under Budget 2022 are likely to have a negative impact on Bursa's FY22F earnings: an increase in stamp duty rate and Cukai M" New post on Alpha Edge Investing CIMB: Bursa Malaysia – Reduce TP RM6.59 (Previous RM7.48) by alanyeo Expected decline in FY22F equity ADTV At 77.5% of our full-year forecast, 9M21 net profit was within expectation. Two proposals under Budget 2022 are likely to have a negative impact on Bursa's FY22F earnings: an increase in stamp duty rate and Cukai Makmur. Downgrade Bursa to Reduce given our projected 45.2% drop in FY22F net […] Read more of this post alanyeo | November 2, 2021 at 11:38 am | Tags: Bursa Malaysia | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5NA Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/02/cimb-bursa-malaysia-reduce-tp-rm6-59-previous-rm7-48/