AMP Ltd

AMP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.70	Qdqn	Yssf

AMP: Encouraging Start to New Year

Shaun Ler

Apr 18, 2024

No-moat AMP’s cash flow update for the first three months of 2024 broadly supports our thesis of moderating net outflows, margin improvements, and a rebound in earnings after the lows experienced in 2022-23. We retain our fair value estimate of AUD 1.20 per share, with shares fairly valued at current prices.

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