AMMB merger talks appear brighter

Kenanga Research says AmBank is a prime candidate for consolidation in the banking industry.

PETALING JAYA: The prospects of AMMB Holdings Bhd (AmBank) restarting merger talks with other financial institutions appear brighter now amid a more sustainable industry outlook.

This notion is also supported by the current attractive valuations of AmBank.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ambank , m&a , bankingconsolidation , industryoutlook , valuations , smes , economicrecovery , targetprice

Next In Business News
Crude oil slumps, Asian shares edge lower as global tensions climb
Ringgit opens lower vs greenback, higher against major currencies ahead of key US jobs data
FBM KLCI drifts lower as traders await catalysts
Berkshire Hathaway raises new CEO Abel's salary to US$25mil
Trading ideas: Capital A, AAX, AME REIT, IGB, IWCity, HSS Engineers, Master Tec, SCIB, ES Sunlogy, ICT Zone, Vanzo, Paragon Union, Destini, Mega Fortis, Semico
Oil falls as investors weigh supply outlook, Venezuela uncertainties
Chip stocks jump on AI optimism, Dow ends at record high
Land sales to brighten SD Guthrie prospects
Vietnam’s garment, textile sectors make inroads into Canada
Master Tec’s TNB job value at RM142mil

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.