[New post] KE: CIMB Group Holdings – Goodwill write-off in 3Q21 (CIMB MK, CP MYR5.18, HOLD, TP MYR5.40, Banks)

alanyeo posted: " CIMB's 3Q21 core results were above expectations, while the write-off of goodwill will assist in a marginal uplift to future ROEs. We raise our FY21 net profit forecast by 8%, but cut FY22 earnings by 8% to factor in Cukai Makmur. We trim our TP by 10sen" New post on Alpha Edge Investing KE: CIMB Group Holdings – Goodwill write-off in 3Q21 (CIMB MK, CP MYR5.18, HOLD, TP MYR5.40, Banks) by alanyeo CIMB's 3Q21 core results were above expectations, while the write-off of goodwill will assist in a marginal uplift to future ROEs. We raise our FY21 net profit forecast by 8%, but cut FY22 earnings by 8% to factor in Cukai Makmur. We trim our TP by 10sen to MYR5.40, pegging on an FY22 PBV target […] Read more of this post alanyeo | December 1, 2021 at 2:30 pm | Tags: CIMB | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-6IO 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/2021/12/01/ke-cimb-group-holdings-goodwill-write-off-in-3q21-cimb-mk-cp-myr5-18-hold-tp-myr5-40-banks/