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What’s on the table with CIMB Research – 19 Aug

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What’s on the table Economic news – 2Q10 GDP: Growth is levelling off The Malaysian economy grew further, albeit at a slower pace of 8.9% yoy in 2Q (10.1% in 1Q), thanks to continuing high domestic consumption, investment and exports. It is a shade higher than our estimate of 8.6% but markedly above market consensus […]

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What’s on the table with CIMB Research – 18 Aug 2010

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What’s on the table Results – AMMB Holdings 1QFY11 above – An explosive start AMMB’s 1QFY3/11 net profit shot up 42.6% yoy to a record RM368.3m, accounting for 30% of our full-year forecast and 31.5% of consensus. The outperformance came primarily from better-than-expected net interest income, loan loss provisioning (LLP) and impairment write-back. Loan growth […]

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