💥 AMMB Holdings: 1QFY25: Strong beat; positive guidance
Macquarie Equities Research (MQ Research) released a report on 21 August, summarising the first quarter financial results (1QFY25) for AMMB Holdings (AMBANK). MQ Research stated that AMBANK beat its estimate and consensus with RM500m net profit (NP) (+32% year-on-year, +5% quarter-on-quarter (q/q)), driven by +10 basis points q/q margin expansion and lower credit costs.
MQ Research maintains its Outperform rating as it raises both its NP estimate and its target price. MQ Research’s higher dividend payout assumption of 30sen/share implies +12% total shareholder return.
Macquarie Warrants Malaysia’s call warrant, AMBANK-C46, currently has the highest exercise price amongst its peers in the market, covering any further upside potential in this name with 1mil units placed at the bid and ask to provide investors with liquidity to enter and exit positions with relative ease.
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The official account of Macquarie Warrants Malaysia
Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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