♦ 1Q beats expectations. AMMB reported a strong set of 1QFY03/11 results with net profit of RM368.3m (+42.6% yoy; +52.3% qoq) accounting for 30-30.7% of our and consensus full-year estimates. The main variances were stronger-than-expected non-interest income and lower-than-expected allowances for impairment on loans. As expected, AMMB did not declare any interim dividend.
AMMB Holdings Berhad : Off To A Strong Start - 18/08/2010
No comments:
Post a Comment