$BIMB / 5258 (BIMB HOLDINGS BERHAD)
Research by MIDF
BUY – TP RM3.06

"2QFY24 Results: Gear-Up”

• 6MFY24’s Core NP of RM266m was Within/Within our/street forecasts: 44%/45% of full-year forecasts
• Management’s tone: Optimistic
• Core themes: (a) Gear-Up programme boost, (b) Branch revamp, (c) Loan growth targets maintained
• Forecasts unchanged
• Maintain BUY | Revised TP of RM3.06 | based on a revised FY25F P/BV of 0.87x (previously 0.82x)

Analyst:
Samuel Woo
samuel.woo@midf.com.my