By mystock
Alliance Financial Group - 1QFY10: Unexciting performance
1QFY10 net profit of RM46m, down 63% yoy on lower net interest margin and additional provisions for CLO, as well as impairment for investment securities. Maintain SELL and fair price of RM2.00, based on 1.05x P/B.Alliance Financial Group Bhd (AFG) reported 1QFY10 net profit of RM46.2m, down 63% yoy but much...
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