Share Price: RM5.44 | Target Price: RM6.05 | Rating: BUY
FY2025E: NPAT: RM2,001m | EPS: RM0.61 | DPS: RM0.30
FY2025E: NPAT: RM2,001m | EPS: RM0.61 | DPS: RM0.30
AMBANK 4Q25 Results Update (MIB)
AMMB’s FY25 results were within expectations and our forecasts are
maintained, having previously cut FY26/27E earnings by 4-5% to factor in
slower economic growth and a 25bp rate cut in 2H25. Our MYR6.05 TP is
maintained (CY25E PBV of 0.9x, COE: 9.9%, g: 4%, ROE:9.6%). AMMB
remains one of our top picks.
Report Date 27/5/25
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts:
FY2025: Net Profit: RM2,001m | EPS: RM0.61 | DPS: RM0.30
FY2026: Net Profit: RM2,000m | EPS: RM0.60 | DPS: RM0.30
Target Price reduced from RM5.44 to RM6.05. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng,
Key Forecasts:
FY2025: Net Profit: RM2,001m | EPS: RM0.61 | DPS: RM0.30
FY2026: Net Profit: RM2,000m | EPS: RM0.60 | DPS: RM0.30
Target Price reduced from RM5.44 to RM6.05. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.