Share Price: RM5.32 | Target Price: RM5.30 | Rating: Hold
ABMB’s 9MFY25 earnings were within expectations and tracking closely to management’s guidance. Forecasts maintained, but with the share price having performed well (+20% over past 6 months), the upside to TP is limited. MIB maintained TP of MYR5.30 based on a CY25E PBV target of 1.0x (ROE: 10%).
ABMB Results Update for Q3 Ending 31/12/24
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng
FY2025 Forecast: Net Profit: RM738m | EPS: RM0.48 | DPS: RM0.19