AMMB - AMMB cut to 'hold' at Maybank Invt

Stock Name: AMMB
Company Name: AMMB HOLDINGS BHD
Research House: MAYBANK

AMMB Holdings Bhd, Malaysia’s fourth-biggest bank by market value, was cut to “hold” from “buy” at Maybank Investment Bank Bhd as the stock is unlikely to outperform its peers as interest rates rise.

The share price estimate was reduced to RM6.80 from RM7.10, Wong Chew Hann, a Kuala Lumpur-based analyst at Maybank, said in a report today. -- Bloomberg