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DBS Vickers upgrades AMMB Holdings to buy, raises target price to RM4.90

Mimi Sabreena 4:26:00 PM Informasi

(Nov 29): DBS Vickers analyst Sue Lin Lim upgraded the recommendation on AMMB Holdings Bhd to buy from hold.

Lim raised the target price to RM4.90 from RM4.70, implying an 19% increase from the last regular trade. The target is 12% above the consensus average of RM4.39. AMMB Holdings had eight buy recommendations, seven holds and three sells previously.

Investors who followed Lim's recommendation would have received a 17% return in the past year previously, compared with the 2.3% return on the shares.

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