Kenanga keeps OUTPERFORM on CIMB, cuts TP to RM8.35 after 1H profit of RM3.86b
CIMB Group's first-half FY2026 net profit of RM3.86 billion came in within expectations, despite currency headwinds and margin pressure. Kenanga Research maintained its OUTPERFORM call but trimmed its target price to RM8.35, noting stronger non-interest income cushioned weaker net interest income.