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AMBANK momentum still steady even after the ex date because the valuation is considered cheap by many institutional players. The market is clearly banking on the dividend yield and stable earnings growth to push the price further up.
Valuation really still look quite attractive for the long term so big boys confirm keep holding steady for that dividend. This stock basically got solid support now because people know the earnings growth story is quite legit.
AMMB valuation quite cheap with decent ROE and dividend yield, but growth story really lacks the excitement of its big peers. Just keep small position for yield if you want, because waiting for it to fly might just earn you enough for one bowl of wanton mee.
Ambank price action lately really shiok, looks like the momentum is quite steady for long term holding. If you are looking for abalone kind of dividend yield, might need to wait for the next quarterly report to see if they pump more bonus.
