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).
肯納伽投資銀行今天（7月4日，星期四）在馬來西亞公司更新中強調了零碳化和強勁財務表現對於CIMB集團的重要性。
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.
肯納伽維持CIMB的跑贏大市評級，目標價爲RM7.60，採用GGM（戈登增長模型）推導PBV（市淨率）法計算。CIMB集團控股有限公司的目標價爲RM7.60，根據其權益成本（COE）爲11.2％，終端增長率（TG）爲3.5％和股本回報率（ROE）爲11.5％計算。這一估值支持了CIMB集團實現2030年淨零操作溫室氣體排放的目標，並給2050年的擴展目標提供了支撐，使其在環境可持續性方面領先於當地同行。該銀行的4星級ESG評分進一步增強了其前景，支持肯納伽對CIMB在第三季度CY24的首選之一的積極立場。
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制定了面向高排放領域（例如石油和天然氣和房地產）的全面去碳化計劃，這些領域共同構成了其貸款組合的重要部分。這些努力包括停止向上遊油田提供新融資，並推廣可持續的能源解決方案以減少運營排放強度。
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.
房地產板塊是CIMB去碳化戰略的關鍵所在，它佔CIMB總貸款組合的38％。通過爲節能建築提供融資並支持可再生能源項目，CIMB旨在減少該行業的碳足跡，同時增強自身的ESG證書。
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.
除了可持續性努力外，CIMB還通過提供保險和財富建設產品來增強金融包容性，以覆蓋弱勢群體。該舉措旨在促進弱勢群體的長期經濟穩定性，爲銀行帶來可持續增長。
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.
肯納伽重申對CIMB的良好財務表現的樂觀預期，預測經過2025財年的穩定淨利息收入和其他收入的增長。憑藉強勁的ROE發展軌跡和有吸引力的股息收益率，CIMB在艱難的經濟環境中仍然具有良好的股東價值投資。
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.
該股票表現出抗跌的特點，年初至今股價上漲20.3％，跑贏了整體市場的11.0％增長。這一表現彰顯了投資者對CIMB戰略舉措和財務狀況的信心。
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.
肯納伽的維持跑贏大市評級且目標價爲RM7.60反映了CIMB的強勁基本面、積極的可持續性措施以及區域銀行業的有前途增長前景。