Tuesday, April 3, 2012

CIMB - Expanding in Asia-Pac with RBS

CIMB Group; Hold; RM7.79
Price Target: RM7.60; CIMB MK
Expanding in Asia-Pac with RBS

Acquires RBS’ Asia-Pacific cash equities and associated investment banking businesses for RM849m. Complements existing Asia-Pacific presence. Maintain Hold and RM7.60 TP.

Source: HwangDBS Research - 3 April 2012

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