AMMB rides on recovery

PETALING JAYA: A research house has reaffirmed its “add” call on AMMB Holdings Bhd premised on an expected recovery in loan growth and the expansion in net interest margin arising from interest rate hikes.

CGS-CIMB Research said following a session with the lender, it is “relatively more positive” on AMMB as its guidance depicts a more robust loan growth expectation versus the research house’s as well as a higher dividend per share (DPS).