AmBank Research maintains ‘Buy’ call on MBSB

Malaysia Building Society Bhd’s (MBSB) earnings are expected to rise by 29.8% and 8.8% respectively in the financial year 2021 (FY21) and FY22 driven by higher estimates for its Islamic banking income, AmBank Research noted in a recent report.

MBSB’s FY20 net income from Islamic banking operations rose by 22% year-on-year (YoY) due to lower-income attributable to depositors.

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