Share Price: RM4.37 | Target Price: RM4.80 | Rating: HOLD
FY2025E: NPAT: RM751m | EPS: RM0.480 | DPS: RM0.190
FY2025E: NPAT: RM751m | EPS: RM0.480 | DPS: RM0.190
ABMB 4Q25 Results Update (MIB)
Alliance Bank’s FY25 earnings were within expectation. Taking into
consideration softer economic growth estimates and the possibility of one
rate cut this year, we have lowered our FY26/27E net profit forecasts by
5.0%/6.3% respectively, and revised our TP to MYR4.80 from MYR5.30. The
group expects to complete its rights issue by July.
Report Date 28/5/25
Research House: Maybank Investment Bank (MIB)
Analyst: Desmond Ch’ng
Key Forecasts:
FY2025: Net Profit: RM751m | EPS: RM0.480 | DPS: RM0.190
FY2026: Net Profit: RM748m | EPS: RM0.510 | DPS: RM0.200
Target Price reduced from RM4.37 to RM4.80. 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: RM751m | EPS: RM0.480 | DPS: RM0.190
FY2026: Net Profit: RM748m | EPS: RM0.510 | DPS: RM0.200
Target Price reduced from RM4.37 to RM4.80. EPS Forecast for FY2025 were slightly reduced while FY2026 EPS and DPS tweaked upwards.