KUALA LUMPUR: The earnings impact of AMMB Holdings Bhd's disposal of its stake in AmGeneral to US-based Liberty Mutual Insurance is expected to be minimal while enhancing its capital ratios.
Maybank Investment Bank Research, which has a "buy" call on AMMB, kept its target price of RM3.50 based on forecast 2022 price-book value (PBV) of 0.7x and return of equity of 7.6%.
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