Share Price: RM5.32 | Target Price: RM5.90 | Rating: Buy
Alliance Bank Malaysia’s 9MFY25 results are in line, and management is optimistic on achieving if not exceeding all its guidance items. With the group almost halfway through its ACCELER8 2027 strategy, it sees scope for opex growth to moderate and income growth to accelerate moving forward. Expanding ROE would be supportive of further re-rating.
ABMB Results Update for Q3 Ending 31/12/24
Research House: RHB Investment Bank (RHBIB)
Analyst: Nabil Thoo, David Chong
FY2025 Forecast: Net Profit: RM741m | EPS: RM0.48 | DPS: RM0.19