[New post] KE: AMMB Holdings – BUY TP RM4.05 (Previous RM3.90)

alanyeo posted: " Higher provisions in 3QFY22 BUY maintained, TP raised 3QFY22 core earnings were below expectations and we lower FY22/23E earnings by 6-12% on higher credit cost assumptions. We look to core earnings growth of 13% in FY23E in the absence of Cukai Ma" New post on Alpha Edge Investing KE: AMMB Holdings – BUY TP RM4.05 (Previous RM3.90) by alanyeo Higher provisions in 3QFY22 BUY maintained, TP raised 3QFY22 core earnings were below expectations and we lower FY22/23E earnings by 6-12% on higher credit cost assumptions. We look to core earnings growth of 13% in FY23E in the absence of Cukai Makmur and marginally lower provisions. We roll forward valuations to CY23 and peg on […] Read more of this post alanyeo | February 28, 2022 at 4:54 pm | Tags: AMMB | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-8qb Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/02/28/ke-ammb-holdings-buy-tp-rm4-05-previous-rm3-90/