KUALA LUMPUR: Despite the challenging operating environment, AMMB continued to demonstrate resilience in its underlying business as revenues remained healthy in the nine-month period ended Dec 31, 2020, TA Securities Research said.
In its research note on Tuesday, it while growth in underlying operating income continues to gain some traction, with 3Q net income rising both on a QoQ and YoY basis, downside risk could stem from further asset quality weaknesses and concerns over a prolonged economic recovery.
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