Bursa Malaysia Stock Watch

AMMB - Kurnia deal will give AmG lead in general and motor insurance

kltrader
Publish date: Fri, 13 Apr 2012, 03:34 PM
kltrader
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AMMB Holdings; Hold; RM6.35
Price Target: RM5.80; AMM MK

Transaction valued at RM1.6bn (2.0x BV). Will enlarge general and motor insurance market share, customer base, and agency force. Will boost recurring fee income over medium term.

Source: HwangDBS Research - 13 April 2012
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