CIMB Lauded For Proactive Sustainability Measures
CIMB Lauded For Proactive Sustainability Measures
CIMB Group Holdings Bhd's strides towards decarbonisation and robust financial performance were highlighted by Kenanga Investment Bank in its Malaysia Company Update today (July 4, Thursday).
肯纳伽投资银行今天(7月4日,星期四)在马来西亚公司更新中强调了零碳化和强劲财务表现对于CIMB集团的重要性。
Kenanga maintains an OUTPERFORM rating on CIMB with a target price (TP) of RM7.60, derived using the GGM (Gordon Growth Model)-derived PBV (Price-to-Book Value) method, CIMB Group Holdings Bhd's target price of RM7.60 is calculated based on a cost of equity (COE) of 11.2%, terminal growth (TG) of 3.5%, and return on equity (ROE) of 11.5%. This valuation underpins CIMB's commitment to achieving net-zero operational greenhouse gas emissions by 2030, with extended targets for 2050, placing it ahead of local peers in environmental sustainability efforts. The bank's 4-star ESG score further bolsters its outlook, supporting Kenanga's positive stance on CIMB as one of its top picks for Q3CY24.
肯纳伽维持CIMB的跑赢大市评级,目标价为RM7.60,采用GGM(戈登增长模型)推导PBV(市净率)法计算。CIMB集团控股有限公司的目标价为RM7.60,根据其权益成本(COE)为11.2%,终端增长率(TG)为3.5%和股本回报率(ROE)为11.5%计算。这一估值支持了CIMB集团实现2030年净零操作温室气体排放的目标,并给2050年的扩展目标提供了支撑,使其在环境可持续性方面领先于当地同行。该银行的4星级ESG评分进一步增强了其前景,支持肯纳伽对CIMB在第三季度CY24的首选之一的积极立场。
CIMB has outlined comprehensive decarbonisation initiatives targeting high-emitting sectors such as oil & gas and real estate, collectively forming a significant portion of its loan book. These efforts include refraining from new financing for upstream oil fields and promoting sustainable energy solutions to reduce operational emissions intensity.
CIMB制定了面向高排放领域(例如石油和天然气和房地产)的全面去碳化计划,这些领域共同构成了其贷款组合的重要部分。这些努力包括停止向上游油田提供新融资,并推广可持续的能源解决方案以减少运营排放强度。
The real estate sector, constituting 38% of CIMB's total loan portfolio, remains pivotal in its decarbonisation strategy. By financing energy-efficient buildings and supporting renewable energy projects, CIMB aims to mitigate the sector's carbon footprint while enhancing its own ESG credentials.
房地产板块是CIMB去碳化战略的关键所在,它占CIMB总贷款组合的38%。通过为节能建筑提供融资并支持可再生能源项目,CIMB旨在减少该行业的碳足迹,同时增强自身的ESG证书。
In addition to sustainability efforts, CIMB is enhancing financial inclusivity by reaching out to vulnerable communities with insurance and wealth-building products. This initiative aims to foster long-term financial stability among underserved groups, potentially translating into sustainable growth for the bank.
除了可持续性努力外,CIMB还通过提供保险和财富建设产品来增强金融包容性,以覆盖弱势群体。该举措旨在促进弱势群体的长期经济稳定性,为银行带来可持续增长。
Kenanga reiterates its optimistic outlook on CIMB's financial performance, forecasting steady growth in net interest income and non-interest income through FY25. With a robust return on equity (ROE) trajectory and attractive dividend yields, CIMB remains well-positioned to deliver shareholder value amidst a challenging economic environment.
肯纳伽重申对CIMB的良好财务表现的乐观预期,预测经过2025财年的稳定净利息收入和其他收入的增长。凭借强劲的ROE发展轨迹和有吸引力的股息收益率,CIMB在艰难的经济环境中仍然具有良好的股东价值投资。
The stock has demonstrated resilience with a year-to-date price increase of 20.3%, outperforming the broader market's 11.0% gain. This performance underscores investor confidence in CIMB's strategic initiatives and financial health.
该股票表现出抗跌的特点,年初至今股价上涨20.3%,跑赢了整体市场的11.0%增长。这一表现彰显了投资者对CIMB战略举措和财务状况的信心。
Kenanga's recommendation to maintain an OUTPERFORM rating and TP of RM7.60 reflects CIMB's strong fundamentals, proactive sustainability measures, and promising growth prospects in the regional banking sector.
肯纳伽的维持跑赢大市评级且目标价为RM7.60反映了CIMB的强劲基本面、积极的可持续性措施以及区域银行业的有前途增长前景。