Posted by speakup > 2023-03-28 20:34 | Report Abuse

Ambank is a M&A candidate

Posted by Pinky > 2023-05-29 13:13 | Report Abuse

Good performance, as expected!

Posted by speakup > 2023-05-29 14:22 | Report Abuse

https://theedgemalaysia.com/node/668930

Posted by speakup > 2023-05-29 14:24 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/05/29/ambank-wraps-fy23-with-net-profit-of-rm174bil-declares-div-of-123c-per-share

Posted by Pinky > 2023-05-29 15:25 | Report Abuse

Topped up!

Posted by ks5S > 2023-05-29 15:38 | Report Abuse

cross 3.60 soon

Posted by speakup > 2023-05-29 16:13 | Report Abuse

Back to pre pandemic dividend levels

Posted by hhhiii123 > 2023-05-29 20:14 | Report Abuse

good good dividend

Posted by speakup > 2023-05-30 09:28 | Report Abuse

BFM tis morning say this is undervalued

Posted by troy88 > 2023-05-30 10:33 | Report Abuse

Solid result. Will makan if goes down below 3.50 knowing that bursa likes to rotate because it's a no money index

Posted by Pinky > 2023-05-30 11:46 | Report Abuse

@speakup grossly undervalued, see the P/B ratio

Posted by speakup > 2023-05-31 07:52 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/05/31/ambank-fy23-results-a-positive-surprise

Posted by cooledhawk123654 > 2023-06-01 08:40 | Report Abuse

why last minute push up so much?

Posted by stkoay > 2023-06-06 12:02 | Report Abuse

https://www.nst.com.my/business/2023/06/917022/banks-have-sufficient-levers-sustain-earnings-and-dividend-growth-rhb

Posted by troy88 > 2023-06-14 15:51 | Report Abuse

nice dividend, nice rebound

Posted by troy88 > 2023-06-22 09:22 | Report Abuse

Slowly climbing back up

Posted by success2628 > 2 months ago |

Post removed.Why?

Posted by success2628 > 2 months ago | Report Abuse

Super Good news !
More & more companies rushing to be listed into KLSE !
There are 6 companies going to be listed in KLSE for July & early August 2023 ! 


1)Skyworld 10-7-2023 0.80

2)DC Healthcare 17-7-2023 0.25

3)MSTGOFT 20-7-2023 0.81

4)MYMBN 25-7-2023 0.21

5)Daythree 26-7-2023 0.30
6)KGW 1-8-2023 0.21

Posted by success2628 > 2 months ago |

Post removed.Why?

Posted by Pinky > 2 months ago | Report Abuse

return of the i3 spammer. Admin, please perma-ban this joker

Posted by speakup > 2 months ago | Report Abuse

https://www.nst.com.my/business/2023/07/933048/ambank-preferred-financier-tesla-model-y

Posted by troy88 > 1 month ago | Report Abuse

Coming back!

Posted by success2628 > 1 month ago |

Post removed.Why?

Posted by DividendGuy67 > 1 month ago | Report Abuse

Long term chart suggest that the worst is over - the bottom is likely to be the bottom observed in 2020-2021.
The bank is under-valued but is under-valued for a reason. It doesn't share its wealth with shareholders. Despite earning 52 sen, it only paid 18 sen. The prior 3 years, total dividend is a measly 5 sen, 0 sen, 13 sen.

And this bank has a bad reputation to look after shareholders.

Many people look at under-value first. For me, I look at how well it treat shareholders in the past over many, many years. This bank, my confidence level, to take care of me as shareholders, is much lower than other banks like Maybank.

Still, some of the best speculative returns happens when perception changes. So, I own a very small amount for speculation only, but I'm not topping up, because I am just waiting to dispose at the swing high price. This is not for marriage, but just a one night stand. You never marry someone who doesn't take care of you over past decades.

Posted by DividendGuy67 > 1 month ago | Report Abuse

If compare small banks like BIMB over the past 8 years, I very much prefer BIMB.
AMBANK dividend = 18.3, 5, 0, 13.3, 20, 15, 17.6, 15.5. Sum over 8 years = 104 sen. AMBANK price 3.82
BIMB dividend = 13.8, 10.9, 12.6, 16, 15.5, 14, 13, 12.2. Sum over 8 years = 108 sen. BIMB price 2.16

It is very clear, BIMB takes care of its shareholders much, much better than AMBANK.
Both companies are under-valued, relative to its NTA and PE.

But I owned BIMB 10 times the size of my ownership of AMBANK, because I prefer for the long term, the way BIMB shares its profits with shareholders. It can still improve a lot as it is still only sharing 38% of its historical earnings only.

Posted by speakup > 1 month ago | Report Abuse

speakup holding Ambank too. Bought at 2.70 when it plunged due to 1MDB payment

Posted by Pinky > 1 month ago | Report Abuse

AmBank cut dividends in recent years to rebuild its capital after paying thr 1MDB fine/penalty. It's public info, in the news. Now it's ready to resume its previous dividend policy already.

Posted by troy88 > 1 month ago | Report Abuse

this bank always bounces back

Posted by pang72 > 1 month ago | Report Abuse

How about ABMB as compared to AMBANK and cimb?
Any suggestion?

Posted by Pinky > 1 month ago | Report Abuse

ABMB is well-managed but branch network very little. To me it's something like a niche bank.

Both Alliance and AmBank has significant exposure to SME segment

But I observe that AmBank has more malay customers, while Alliance more chinese ones

Posted by Pinky > 1 month ago | Report Abuse

@pang72 u see their P/E, earnings yield, profit margin, P/B ratio, almost everything similar

But CURRENT dividend yield, Alliance higher. Whereas for AmBank, u might have dividend upside (cos current payout ratio is relatively low)

Just my 2 sen

Posted by pang72 > 1 month ago | Report Abuse

I thought for pbb however the dividend yield is low compare to other bank.
But, FF and local fund like pbb very much!

Posted by Pinky > 1 month ago | Report Abuse

High risk high reward
Low risk low reward

PBB is very conservative in lending, that's why their bad loan ratios are quite pretty

Posted by pang72 > 1 month ago | Report Abuse

I may stick to 2 big banks - MBB and RHB for steady dividend

Posted by wallstreetrookieNEW > 1 month ago | Report Abuse

No CIMB?

Posted by Pinky > 1 month ago | Report Abuse

My bank holdings: Maybank for big cap, AmBank for mid cap

Posted by pang72 > 1 month ago | Report Abuse

Thanks pinky.
Will look into ambank if any good entry

Posted by speakup > 1 month ago | Report Abuse

Singapore bases Great Eastern Holdings is in talks to buy MetLife Malaysian ventures in a deal that could value AmMetLife Insurance at up to US$300 million reported Bloomberg.

It reported that according to sources, OCBC is conducting due diligence on AmMetLife Insurance and is seeking regulatory approval to clinch the deal, the people said. A transaction could value AmMetLife which the US company jointly owns with public listed AMMB Holdings at between US250 million to US$300 million the people said.

Posted by speakup > 1 month ago | Report Abuse

besok limit up!

Posted by speakup > 1 month ago | Report Abuse

tomorrow open minimum RM4!

Posted by speakup > 1 month ago | Report Abuse

https://themalaysianreserve.com/2023/07/31/ocbcs-great-eastern-in-talks-to-buy-metlife-malaysian-arm-sources-say/

Posted by Pinky > 1 month ago | Report Abuse

@pang72

"Lastly, we also favour AMBANK as we believe its current fundamentals are highly supportive of healthier discussions for M&As, which have in the past been frequently considered. The group is also one of the leaders in terms of SME profile, which is touted as a high-growth segment that could accelerate the group’s market share growth."
https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-08-01-story-h-243866735-Banking_June_2023_Statistics_Easing_Numbers

Posted by troy88 > 1 month ago | Report Abuse

Solid! One of my favorite banks to invest

Posted by kokchengkai > 1 month ago | Report Abuse

no limit up but colour is RED ...what is tht mean for

Posted by Havefun > 1 month ago | Report Abuse

Why drop so much today?

Posted by Pinky > 1 month ago | Report Abuse

Bright spot for non-interest income
AMMB’s 1QFY24 non-interest income advanced by a solid 30% yoy. While this was partly driven by an 82.1% yoy surge in investment income, we are encouraged to note that its fee income rose by 11.7% yoy in 1QFY24, primarily emanating from a 77.5% yoy increase in portfolio management fee, a 52.8% yoy rise in corporate advisory fee, and a 226.9% yoy jump in bancassurance commission.

Reiterate Add on AMMB
We retain our Add rating on AMMB given its attractive valuation of 6.7x CY24F P/E (below the sector’s 9.4x). Potential re-rating catalysts include above-industry loan growth, expected decline in LLP in 2Q-4QFY24F, and potential partial write-backs of management overlay (of RM362m at end-Jun 23). Potential downside risks include material deterioration in loan growth and asset quality. We maintain our FY24-25F EPS forecasts and DDMbased target price of RM4.39 (cost of equity of 10.2%; terminal growth rate of 4%).

Source: CGS-CIMB

Posted by speakup > 1 month ago | Report Abuse

Still holding my Ambank which I bought 2.70 when it crash during covid

Posted by speakup > 1 month ago | Report Abuse

Ambank is the bank with highest chance of takeover

Posted by Pinky > 1 month ago | Report Abuse

Look beyond the headline and go into the details

I like the numbers I'm seeing, namely growth in Non-Interest Income

Posted by pang72 > 1 week ago | Report Abuse

AMBANK runs ahead my tiger bank today