"However, the upsized portion of the divestiture suggests robust demand for AMMB shares in the market, particularly considering the discounted pricing, which values AMMB shares at an attractive 0.60 times financial year 2025 price-to-book value in exchange for a forecast return on equity of 8.5%." ANZ, Australia's fourth largest bank, announced earlier this week that it is disposing of 16.5% of its 21.7% stake in AMMB for about RM2.1bil, via a block trade at a price of RM3.85 per share. UOBKH Research said the significant block of shares being placed out may lead to a near-term share overhang. "To provide context, it is worth noting that Abu Dhabi-based Aabar Investments PJS' disposal of RHB Bank Bhd was divided into four separate blocks between August 2018 and December 2020, with each placement block being relatively smaller, ranging from 3%-6%. "Observations indicate that it took one-to-two months for the market to absorb each of these smaller blocks.