Share Price: RM5.73 | Target Price: RM6.50 | Rating: Buy
FY25 9 month YTD results were in line with RHBIB’s expectations., the group looks to be progressing well in its key objectives in its Winning Together strategic plan, particularly from a portfolio rebalancing perspective. While upside to the research house’s Target Price has narrowed recently, continued strong execution of key objectives and the subsequent follow-through impact to earnings offers further room for earnings and Target Price upgrades.
AMBANK Results Update for Q4 Ending 31/3/24
Research House: RHB Investment Bank (RHBIB)
Analyst: Nabil Thoo, David Chong
FY2025 Forecast: Net Profit: RM1,933m | EPS: RM0.58 | DPS: RM0.25