KUALA LUMPUR: TA Research has raised the target price of AmBank group to RM3.70 from RM3.40. and reiterated its Buy call.
The research house said on Wednesday AmBank registered a net profit of RM386.6mil for 1Q22, a steep improvement from net losses amounting to RM4.7bil in 4Q21 (due to exceptional one-off items of RM4.8bil and related legal and professional expenses of RM21mil).
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