Stock Name: AMMB
Company Name: AMMB HOLDINGS BHD
Still early days. That AMMB could potentially acquire Kurnia Insurans Malaysia Bhd (KIMB) is a very preliminary consideration. Much depends on how negotiations develop and depending on pricing. Our scenario below points to little impact (+1%) on AMMB's earnings. We maintain our Hold call on AMMB with an unchanged TP of RM6.30 (1.6x CY12 P/BV, ROAE: 13.5%)
Maybank research (20 December 2011)
Click here for full report
Company Name: AMMB HOLDINGS BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 6.30 |
Still early days. That AMMB could potentially acquire Kurnia Insurans Malaysia Bhd (KIMB) is a very preliminary consideration. Much depends on how negotiations develop and depending on pricing. Our scenario below points to little impact (+1%) on AMMB's earnings. We maintain our Hold call on AMMB with an unchanged TP of RM6.30 (1.6x CY12 P/BV, ROAE: 13.5%)
Maybank research (20 December 2011)
Click here for full report
No comments:
Post a Comment