AmInvest Neutral on CIMB's BOYK Stake Sale
Kelvin Ong, Analyst, AmInvestment Bank
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CIMB Group has proposed to sell its 18.2% stake in Bank of Yingkou for RM972 million ringgit, in line with the group's plans to focus on its core businesses in core markets. We explore if this deal bodes well for the group, capital uplift and the impact to CIMB's bottomline and AmInvestment's call on the stock.
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