Stock Name: AMMB
Company Name: AMMB HOLDINGS BHD
In a preservation mode
Within expectations. On expectations of more moderate earningsgrowth in 2H, AMMB's 1HFY12 net profit of RM811m (+15.7% YoY)was within estimates at 55% and 53% of our full-year forecast andconsensus respectively. Our forecasts and Hold call are maintained asis our target price of RM6.30 (1.6x CY12 P/BV, ROAE: 13.5%).
Maybank research (17 November 2011)
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Company Name: AMMB HOLDINGS BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 6.30 |
In a preservation mode
Within expectations. On expectations of more moderate earningsgrowth in 2H, AMMB's 1HFY12 net profit of RM811m (+15.7% YoY)was within estimates at 55% and 53% of our full-year forecast andconsensus respectively. Our forecasts and Hold call are maintained asis our target price of RM6.30 (1.6x CY12 P/BV, ROAE: 13.5%).
Maybank research (17 November 2011)
Click here for full report ''
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