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Two brokerages upgrade AmBank to ‘buy’


PETALING JAYA: Some analysts are calling a “buy” on AMMB Holdings Bhd (AmBank), describing it as the cheapest financial stock at the moment while dismissing its past links to 1Malaysia Development Bhd (1MDB).

Banking group AmBank has seen share price weakness post-14th general election, partly attributed to concerns over its purported past business association with the controversial 1MDB.

Banking , AmBank

   

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