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RHB Research has raised its target price for AMMB Holdings (AmBank) to RM7.30, maintaining a buy recommendation after the bank delivered strong financial results for the year ended March 31, 2026.
Hong Leong Bank's net profit climbed to RM1.03 billion in the third quarter ended March 31, 2026, up from RM946.7 million a year earlier, driven by expanded lending and deposit growth.
Singapore's Deputy Prime Minister Gan Kim Yong has called on banks and financial institutions to leverage artificial intelligence for workforce development and creating higher-value positions, rather than pursuing job cuts amid rapid AI adoption across the sector.