KUALA LUMPUR: Maybank Kim Eng Research continues to have AMMB as its top pick in the banking sector due to the still undemanding valuations and stable growth outlook.
It had on Wednesday projected an annualised three-year net profit CAGR (2012-2015) of 10% (versus 9.4% for the Big 6 banks), with sustained ROEs over the next two years versus a decline for most other banks.
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