AMMB HOLDINGS BHD

KLSE (MYR): AMBANK (1015)

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Last Price

4.27

Today's Change

-0.07 (1.61%)

Day's Change

4.26 - 4.33

Trading Volume

4,066,900

Overview

Market Cap

14,152 Million

NOSH

3,314 Million

Avg Volume (4 weeks)

2,694,721

4 Weeks Range

4.21 - 4.45

4 Weeks Price Volatility (%)

25.00%

52 Weeks Range

3.42 - 4.45

52 Weeks Price Volatility (%)

82.52%

Previous Close

4.27

Open

4.31

Bid

4.27 x 23,500

Ask

4.28 x 102,600

Day's Range

4.26 - 4.33

Trading Volume

4,066,900

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#3] | 26-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 29-May-2024

T4Q P/E | EY

7.78 | 12.86%

T4Q DY | Payout %

4.28% | 33.27%

T4Q NAPS | P/NAPS

5.78 | 0.74

T4Q NP Margin | ROE

39.79% | 9.50%

Market Buzz
Company Profile

Sector: FINANCIAL SERVICES

Sector: FINANCIAL SERVICES

Subsector: BANKING

Subsector: BANKING

Description:

AMMB Holdings Bhd is a provider of banking and financial services in Malaysia through its subsidiaries: AmBank and AmBank Islamic. The bank?s largest segments, which contribute the vast majority of revenue, are retail banking, wholesale banking, insurance, and group funding. The retail banking segment provides individuals and small businesses with services such as credit, auto financing, mortgages, credit cards, capital financing, personal loans, deposits, current accounts, and savings accounts. The wholesale banking business engages with corporate finance and advisory services, restructuring, security issuance, futures market services, stockbroking, and derivatives services. The insurance division offers life and general insurance products via its partnership with MetLife International.

Discussions
9 people like this. Showing 50 of 5,346 comments

Pinky

High risk high reward
Low risk low reward

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

2023-07-31 17:36

pang72

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

2023-07-31 17:36

wallstreetrookieNEW

No CIMB?

2023-07-31 17:37

Pinky

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

2023-07-31 17:58

pang72

Thanks pinky.
Will look into ambank if any good entry

2023-07-31 19:19

speakup

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.

2023-07-31 21:16

speakup

besok limit up!

2023-07-31 21:16

speakup

tomorrow open minimum RM4!

2023-07-31 21:17

Pinky

@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

2023-08-01 09:21

troy88

Solid! One of my favorite banks to invest

2023-08-01 09:41

kokchengkai

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

2023-08-02 12:32

Havefun

Why drop so much today?

2023-08-21 16:11

Pinky

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

2023-08-22 08:52

speakup

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

2023-08-22 09:18

speakup

Ambank is the bank with highest chance of takeover

2023-08-22 09:18

Pinky

Look beyond the headline and go into the details

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

2023-08-22 09:21

pang72

AMBANK runs ahead my tiger bank today

2023-09-15 14:42

Bursino

Ambank to dispose Insurance Arm to Great Eastern. Is it for real? Or just another MOU?

2023-10-02 19:17

speakup

Besok limit up

2023-10-02 21:40

smartly

kalau limit up besok. i belanja u minum HEIM/CARLSBG...yum seng !!!

2023-10-02 21:44

speakup

🍺🍺
🍻

2023-10-03 07:53

loyalok

even has good news ,sold their asset but price still stagnant there

2023-10-03 15:49

smartly

hopefully can get special dividend of 30sen

2023-10-03 16:02

Bursino

Haha. What is happening in BPlant isn't inspiring.

2023-10-03 20:03

smartly

worry not. deal will go through and hope it will declare 30sen s.dividend.

2023-10-04 16:21

IdrakUsama

Disember ade dividen tak?

2023-10-12 19:45

smartly

think dividend 6sen only. hope another special dividend can come by next year

2023-10-12 20:35

speakup

definitely a special dividend will be announced. only is how big special dividend is.

2023-10-12 21:17

IdrakUsama

Harap ade special dividen kerana July Ambank dah bagi 0.123 sen dividen

2023-10-16 10:08

Tibbers

going uppppp

2023-11-15 10:58

jluck

Is it special dividend to be announced soon?

2023-11-16 05:08

smartly

Single-tier interim dividend of 6.0 sen per ordinary share for the
financial year ending 31 March 2024

2023-11-22 13:12

speakup

Great results! Nanti pecah rm4

2023-11-22 13:59

Pinky

Dividend!

2023-11-22 17:44

Pinky

P/E 7.54. Supremely undervalued

2023-11-22 17:44

ahbah

Go for it !

2023-11-22 17:45

willc48

waiting for Nazir Razak at AmBank & likely the octopus CIMB will hump over the camel soon

2023-11-24 15:29

speakup

Cimb takeover Ambank ke?

2023-11-27 13:23

Layla123

Kumpulan ini mengumumkan dividen interim sebanyak enam sen setiap saham, yang menterjemahkan kepada nisbah pembayaran dividen sebanyak 23% untuk 1HFY24. Tidak hairanlah EPF terus membeli saham ini https://www.facebook.com/groups/sembangsahamexclusive/posts/2300501240144692/

2023-11-27 15:39

speakup

ambank nta 5.59! skrang 4.05 murah giler!

2023-11-27 21:21

aklobi

Hi guys, can you please write in English so all investors (Malay & foreign) can understand the comments?

2023-11-30 11:33

ykloh

Use the translation app.

2023-11-30 14:46

aklobi

@Ykloh not always good, maybe some use slang which the app can't translate

2023-11-30 19:27

DatoShare

will likely be swallowed by another bank soon

2 months ago

speakup

ambank - one of the top picks for 2024. ambank is the bank with highest chance of M&A

1 month ago

smartly

bad news for AMBANK

1 month ago

Dehcomic01

AmBank is one of the smaller Bursa banks in terms of total assets or market cap. For those of you who have been following the 1MDB case, Ambank took a hit in 2021 to “settle the 1 MSB issues”. You can see this clearly in its ROE trends. https://i.postimg.cc/DyN6wjBC/Ambank-ROE-NIM.png

Notwithstanding the IMDB issues, its return is slightly lower than the sector median. One of the reason for this is its lower Net Interest Margin (NIM) relative to the sector median. I am sure this has nothing to do with 1MDB

From a relative performance perspective, Ambank did better than my reference bank - Affin. https://www.youtube.com/watch?v=4W7Lnw_hT0w

Of course the share price of Affin had move recently due to the news about the Sarawak Stage govt increasing its stake.

But there is no such news catalyst for Ambank. So Ambank will it be able to improve its returns and do better than the sector median for its share price to move higher. Can they do this

1 week ago

calvintaneng

Blog: A LOOK AT DIVIDEND PERFORMANCE BETWEEN PALM OIL & BANKS, Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608619778

4 days ago

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