Dont go to hard on the PT MORNINGSTARMorningstar says AMP's turnaround strategy is bearing fruit, raises fair value estimate
** Analysts at Morningstar raise fair value estimate on Australian money manager AMP to A$1.25 from A$1.20, reflecting stronger flows in company's, both, platforms and trusts businesses
** Brokerage says AMP's first-half results surpassed expectations reflecting better-than-expected flows, improvement in advice business productivity and variable cost savings
** Shares have risen lately and are currently fairly valued - Morningstar
** Brokerage says signs of earnings recovery are now clearer and feels AMP can reach a maintainable earnings base of around A$287 mln ($189.08 mln) per year from 2024 to 2028
** Strong recovery in product flows and increased inflows from non-AMP advisors, despite cost-control measures, were impressive - brokerage
** Stock up 37.6% this year, as of last close
Dont go to hard on the PT MORNINGSTARMorningstar says AMP's...
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Last
$1.79 |
Change
0.030(1.71%) |
Mkt cap ! $4.519B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.79 | $1.74 | $9.294M | 5.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19999 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 8138 | 4 |
View Market Depth
| Last trade - 16.10pm 31/01/2025 (20 minute delay) ? |
| AMP (ASX) Chart |