KUALA LUMPUR: Maybank Kim Eng Research is maintaining a Buy recommendation on AMMB and raised the target price to RM8.30 from RM7.60 on a higher CY13 price-to-book value target of 1.9 times from 1.8 times.
It said on Friday AMMB's FY13 net profit of RM1.63b (up 10% on-year) was within its expectations and consensus.
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