Bursa Malaysia (KLSE) Daily Info Edge Zone

AMMB 3Q2010 Net Profit Grew 12% q-o-q to RM268m,

Durian Edge
Publish date: Wed, 10 Feb 2010, 11:17 AM
Durian Edge
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AMMB is a high beta banking stock and a good proxy for the Malaysian capital markets, before the report roll out AMMB share price drop at high RM 5.30 to RM 4.50 since begin of the month of Feb. I think the fund manager is making a panic sale down on AMMB share to accumulative. Now the report result is out so I think the price may go up back to RM5.00 before any profit taking by fund manager. During the panic selling I had keep some AMMB-CG so now is the time to take profit.
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