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AMMB Holdings Raised to Overweight at JPMorgan; PT 5.20 Ringgit

Mimi Sabreena 11:43:00 AM Informasi

KUALA LUMPUR (Aug 25): J.P. Morgan analyst Harsh Wardhan Modi upgraded the recommendation on Ammb Holdings Bhd to overweight from rating suspended.

Modi predicted AMMB Holdings will trade at 5.20 ringgit within a year, implying a 15 percent increase from the last close. The target is 6.1 percent above the consensus average of 4.90 ringgit. AMMB Holdings had 4 buy recommendations, 11 holds and 3 sells before today.

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