Stock Name: AMMB
Company Name: AMMB HOLDINGS BHD
AMMB Holdings; Hold; RM6.11
Price Target: RM5.80; AMM MK
3QFY12 net profit of RM357m takes 9MFY12 profit to RM1,168m (78% of FY12F profit); in line. Loans
grew 2% q-o-q; CASA grew 21% but total deposit only inched up 1%; NIM improved. Management still
cautious of a weaker 4QFY12. Maintain Hold and RM5.80 TP.
Source: HwangDBS Research 15 Feb 2012
Company Name: AMMB HOLDINGS BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 5.80 |
AMMB Holdings; Hold; RM6.11
Price Target: RM5.80; AMM MK
3QFY12 net profit of RM357m takes 9MFY12 profit to RM1,168m (78% of FY12F profit); in line. Loans
grew 2% q-o-q; CASA grew 21% but total deposit only inched up 1%; NIM improved. Management still
cautious of a weaker 4QFY12. Maintain Hold and RM5.80 TP.
Source: HwangDBS Research 15 Feb 2012
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