Trading ideas: AirAsia X, NICE, Reneuco, Sime Darby, CIMB, RHB, SD Guthrie, Lotte, Pavilion REIT, Maybulk, Pentamaster, UOA REIT, I-Bhd, Dufu

CIMB ROE could hit 13% by FY2027 after Thai auto finance exit, with potential special dividend — analysts

CIMB Group Holdings Bhd (KL:CIMB) could see its return on equity (ROE) rise to as high as 13% by the financial year ending Dec 31, 2027 (FY2027), after it offloads its Thai unit’s automotive financing portfolio, according to Hong Leong Investment Bank (HLIB) Research.

Trading ideas: Gamuda, TM, CIMB, Magni-Tech, Capital A, Rivertree, Ann Joo, Sunview, Public Bank, NexG, MPI, Hartalega

Here is a recap of the announcements that made headlines in Corporate Malaysia.

Public Bank, CIMB Group, Gamuda among companies in the news

A brief recap of some business news and corporate announcements that made the headlines.

Trading ideas: Chin Hin, Berjaya Assets, Coastal, Corpmate, KPS, Scanwolf, Landmark, Jaycorp, Country Heights, Pertama, Pasdec, CIMB, Bursa Malaysia, F&N, Texchem

CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah

CIMB supports Malaysia's first tokenised sukuk as sole principal adviser

CIMB leads structuring and execution of Malaysia’s first tokenised sukuk for Khazanah

CIMB Group Holdings Bhd played a key role in Malaysia’s first-ever tokenised sukuk, issued by Khazanah Nasional Bhd in collaboration with the Securities Commission Malaysia.

Biodiesel supplementary energy security buffer, not permanent hedge against diesel import risk

Biodiesel should be viewed as a supplementary energy security buffer, rather than a permanent or complete hedge against imported diesel risk, said CIMB Securities.