stock code 1155 BUY RM7.47
Price Target : 12-month RM 9.00
• Strong domestic franchise for consumer and business loans placing it in a solid position to ride on the economic recovery. Largest market share (22%) in domestic deposits.
• Indonesian operation poised for robust 20% loans growth and 35% 3-year earnings CAGR. Sharp improvements emerging.
• Major laggard being the only large cap bank trading below +1 SD. Low foreign shareholding levels (11%) versus CIMB (40%) and Public Bank
by HWDBS Vicker Research