Alliance Bank Viewed As ‘Attractive’ Amid Takeover Bid

Quick Summary:

CIMB Investment Bank Bhd (CIMB Securities) has upgraded Alliance Bank Malaysia Bhd to a BUY from Hold, citing “attractive valuation, a stable dividend outlook, and potential merger benefits following recent reports linking Singapore’s DBS Bank as a possible suitor for a 29% stake.

The research house maintained its target price of RM4.

CIMB Securities estimates the adjustment would increase the rights issue to approximately 186 million new shares, bringing the total issued shares to around 1.73 billion.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: News Alliance Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 04:53:34 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27783407

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