AMMB Holdings Berhad (stock symbol: AMBANK) has shown a positive performance over the past 12 months. The stock price increased by 34.76%, currently trading around 5.04 MYR as of October 2024.
For the financial year 2024, AMMB reported revenue of 3.88 billion MYR, which is a slight decline of 7.0% from the previous year. However, the company’s net income remained stable at 1.82 billion MYR, and its profit margin increased from 43% to 47%, primarily due to lower expenses. The company also reported earnings per share (EPS) of 0.55 MYR, up from 0.54 MYR in 2023.
Looking forward, analysts expect revenue growth of around 10% per annum over the next few years, indicating continued positive prospects for AMMB (Stock Analysis) (Simply Wall St).