CGS-CIMB Research keeps AMMB, Public Bank, RHB on Add list

“We tag Public Bank as an Add as we believe that it is one of the most defensive among its peers against the increases in the industry’s gross impaired loan (GIL) ratio and credit cost," CGS-CIMB Research said.

KUALA LUMPUR: CGS-CIMB Equities Research is keeping AMMB Holdings, Public Bank and RHB Bank on its Add list for 2020.

The research house said on Thursday it has a target price of RM4.60 for AMMB versus its closing price of RM3.91.