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AMMB Holdings Beats Forecasts: Bullish Outlook Ahead
29 Nov
Summary
- AMMB Holdings' revenue surpassed predictions by 3.4% to RM1.3b.
- Statutory earnings per share (EPS) exceeded analyst expectations by 3.3%.
- AMMB Holdings is projected to grow faster than the wider industry.
AMMB Holdings Berhad recently announced impressive quarterly financial results, surpassing analyst expectations. The company reported revenues of RM1.3 billion, a 3.4% increase over predictions, and statutory earnings per share (EPS) of RM0.16, which was 3.3% higher than anticipated. These positive figures have led analysts to maintain their existing forecasts for the company.
The consensus among 16 analysts indicates that AMMB Holdings is expected to achieve revenues of RM5.09 billion in 2026, reflecting a 4.6% increase from the previous year. Forecasted statutory EPS for 2026 remain steady at RM0.62. This stability in estimates suggests that the latest results met analyst expectations without introducing new concerns.
Furthermore, AMMB Holdings' growth trajectory appears robust, with an anticipated annualized revenue growth rate of 9.4% through 2026. This rate is notably faster than its historical five-year growth of 7.8% annually and also exceeds the projected 6.0% annual revenue growth for the broader industry, highlighting a strong competitive position.
