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Tajuk : CIMB : Maybank 1Q net profit in line with expectation
link : CIMB : Maybank 1Q net profit in line with expectation
CIMB : Maybank 1Q net profit in line with expectation
KUALA LUMPUR (May 26): CIMB Investment Bank Bhd said Malayan Banking Bhd's (Maybank) RM1.7 billion first quarter net profit was in line with forecast at 23% and 25% of CIMB's and Bloomberg consensus full-year estimates respectively.
Yesterday, Maybank said net profit rose to RM1.7 billion in the first quarter ended March 31, 2017 (1QFY17) from RM1.43 billion a year earlier. Revenue was higher at RM11.28 billion versus RM11.18 billion.
Today, CIMB analyst Winson Ng wrote in a note : "The strong EPS growth in 1QFY17 supports our expectation for a recovery in FY17 EPS."
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