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Alliance Bank Malaysia rated new neutral at Macquarie

Mimi Sabreena 4:08:00 PM Informasi

KUALA LUMPUR (Jan 17): Macquarie initiated coverage of Alliance Bank Malaysia Bhd with a recommendation of neutral.

Macquarie predicted Alliance Bank Malaysia will trade at RM4.30 within a year, implying a 2.4 percent increase from the last regular trade. The new target is 2.1 percent above the consensus average of RM4.21. Alliance Bank Malaysia had 7 buy recommendations, 6 holds and 2 sells previously.

Analysts raised their consensus one-year target price for the stock by 4.1 percent in the past three months. Forecasts range from RM3.50 to RM4.80.

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