Little impact from ANZ’s sale of AMMB stake

UOBKH Research said it expects things to be “business as usual” operationally for AMMB.

PETALING JAYA: Australia-based ANZ Group’s sale of a 16.5% stake in AMMB Holdings Bhd is unlikely to have a significant impact on the latter’s business operations, analysts say.

UOB Kay Hian Research (UOBKH Research) said in a report it expects things to be “business as usual” operationally for AMMB.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

ANZ , AMMBHoldings , Divestiture , BlockTrade , ShareOverhang

   

Report it to us.

Next In Business News
Kerjaya Prospek unit bags contracts with combined value of RM34.43mil
Singapore Sept core inflation at 2.8% y-o-y
Slight gains for KLCI as uncertainty prevails
Gamuda extends rally by over 2% as Taiwan job win lifts
Investors remain on the sidelines as Wall St stocks end mixed
Ringgit rebounds slightly vs US$ in early trade
Trading ideas: Gamuda, Bahvest, Teo Seng, Green Ocean, HSS Engineers, Ge-Shen, Willowglen, Globetronics, Wasco, Life Water
Wall St ends flat as investors digest yields, earnings
SME Association: Address minimum wage concerns
HSS inks JV deal with Opus International

Trending in Business

Others Also Read

Load more

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

Best viewed on Chrome browsers.