Sunday, January 2, 2011

Invest Thailand: CIMB Thailand A Turnaround Story












5 November 2008, CIMB became the largest shareholder of Bank Thai Public Company Ltd and on 4 May 2009 renamed as CIMB Thai bank Public Company Ltd.

9M 2010 Statistic:-

No of shares = 13,349million
Net profit for 9M2010 = 893.6 million Baht
EPS = 0.07 Baht


Closing Price = 3.24 Baht ( approximately RM0.324 per shares )

A turnover story is going to happen once the management able to focus on business expansion after series of restructuring and capital injection through right issue.

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