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KLSE: AMBANK       AMMB HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
4.70 4.93     +0.23 (4.89%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
10/01/2018 4.55 4.35 -0.20 (4.40%) HOLD MIDF Price Target News
10/01/2018 4.55 4.90 +0.35 (7.69%) BUY KENANGA Price Target News
29/11/2017 4.13 5.00 +0.87 (21.07%) TRADING BUY PUBLIC BANK Price Target News
29/11/2017 4.13 4.35 +0.22 (5.33%) HOLD MIDF Price Target News
29/11/2017 4.13 4.75 +0.62 (15.01%) BUY KENANGA Price Target News
29/11/2017 4.13 5.20 +1.07 (25.91%) BUY HLG Price Target News
29/11/2017 4.13 4.90 +0.77 (18.64%) BUY Affin Hwang Capital Price Target News
28/08/2017 4.45 5.20 +0.75 (16.85%) BUY HLG Price Target News
25/08/2017 4.54 5.40 +0.86 (18.94%) TRADING BUY PUBLIC BANK Price Target News
25/08/2017 4.54 5.00 +0.46 (10.13%) BUY KENANGA Price Target News
25/08/2017 4.54 5.20 +0.66 (14.54%) BUY Affin Hwang Capital Price Target News
24/08/2017 4.59 4.80 +0.21 (4.58%) HOLD MAYBANK Price Target News
23/08/2017 4.80 4.50 -0.30 (6.25%) HOLD MIDF Price Target News
23/08/2017 4.80 5.20 +0.40 (8.33%) HOLD HLG Price Target News


Price Target Research Article/News (past 6 months)
10/01/2018  MIDF AMMB Holdings Berhad - Driving To The Next Phase
10/01/2018  KENANGA AMMB Holdings - Gaining Traction on T4 Aspirations
29/11/2017  PUBLIC BANK AMMB Holdings Berhad - Mixed Picture
29/11/2017  MIDF AMMB Holdings Berhad - Mixed Results But Higher NII
29/11/2017  KENANGA AMMB Holdings - Weak Quarter But On Track Ahead
29/11/2017  HLG AMMB Holdings - 2QFY18: Results in Line
29/11/2017  Affin Hwang Capital AMMB Holdings - Boosting Capabilities
28/08/2017  HLG AMMB Holdings - No Merger Hangover
25/08/2017  PUBLIC BANK AMMB - Business As Usual
25/08/2017  KENANGA AMMB - Gaining Traction on the Loans Front
25/08/2017  Affin Hwang Capital AMMB Holdings (BUY, Upgrade) - Selldown Unjustified; Still Operationally Sound
24/08/2017  MAYBANK AMMB - 1QFY18 Results in Line
23/08/2017  MIDF AMMB - Did Not Pass The Courting Stage
23/08/2017  HLG RHB, AMMB - Back to status quo



  7 people like this.
 
mancingbursa Hm..... Actually i got no TP. i use gout sense
08/01/2018 16:47
Rio88 manching pls tell us when u sense the gout TP...haha
08/01/2018 20:06
Rio88 seems like not many ppl on boat. mancing got any other diam diam bikin punya stocks?
08/01/2018 20:07
mancingbursa http://www.klsescreener.com/v2/news/view/327903
09/01/2018 11:00
klse1997 Mancing.... i feel sorry for the employees but i am sure this is good catalyst for any big fund to pay attn to ambank... post mss, the bank structure will more lean and hopefully ops cost will be lower and more profits going fwd
09/01/2018 11:33
mancingbursa MyStock118
Nikkei hits fresh 26-year high; Fast Retailing soars
http://www.mystock118.com/?p=233547

@klse1977 dun worry be happy
All banking red too bcos local institute profit taken
Top up 0.05
09/01/2018 12:41
klse1997 today.. appeared in PublicInvest Research..... TRADING BUY with TP RM5.00 :)
good news indeed
09/01/2018 12:58
mancingbursa C1 very high demand even mom drop. Cannot get it. Think to buy mother
As my expect b4 time to buy bank counter. Safe and good return.
09/01/2018 14:02
mancingbursa Collected 451, see my luck
09/01/2018 16:19
limch Why drop 20 sen? Any news?
09/01/2018 16:57
mancingbursa Hm..... Bcos market cant be efficient lor
No lah, bcos hor all bluechip stock in oversold stage turn to red lor. Investors lari lor
Happy closing
09/01/2018 17:10
davidkkw79 Vss cut cost plan
09/01/2018 17:45
HENGYUAN Sexy Babe @ RM21 Good, cut cost
09/01/2018 22:59
mancingbursa I saw this on the BBC and thought you should see it:

Koreas agree military talks to defuse border tension - http://www.bbc.co.uk/news/world-asia-42622588
10/01/2018 03:38
mancingbursa AmBank Group to cut jobs via MSS
minda2018-01-09 18:00:41
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) has launched a mutual separation scheme (MSS) for its employees in a bid to improve efficiency and get leaner.

In an email to staff yesterday, it said eligible, confirmed employees of AmBank Bhd, AmInvestment Bank Bhd and AmBank Islamic Bhd could apply for the MSS over a two-week period, starting yesterday until Jan 19, 2018.

“The MSS is offered purely on a voluntary basis,” it said in the email that was sighted by The Edge Financial Daily.

As at Sept 30 last year, AmBank Group — the country’s sixth largest banking group by assets — had some 11,600 employees.

The group, when contacted, declined to say how many jobs it intends to shed under the scheme.

“As part of AmBank Group’s four-year strategic transformation agenda, we have been reviewing our organisational structure for optimal efficiency. We have now streamlined and centralised some of our processes and the MSS will allow us to further optimise the group’s organisational structure,” a spokesman said in a statement to The Edge Financial Daily, in response to queries.

“In addition, over the past year, we undertook engagements with employees and have received queries on the possibility of a separation scheme from some staff members who wish to pursue other opportunities after being with us for some time. Clearly, the timing is now right for the AmBank Group to undertake the MSS, which is offered purely on a voluntary basis and provides eligible employees the opportunity to pursue their career goals beyond the bank,” the spokesman added.

AmBank Group’s four-year strategic transformation plan is, in a nutshell, aimed at it becoming a top-four bank by the financial year ending March 31, 2020 according to several financial metrics, including market capitalisation, revenue growth and return on equity. It also aspires to be among the top-four best employers.

While the MSS will lead to an increase in expenses for the group, the bank does not expect it to have a big impact on its earnings. “We are not expecting an adverse impact to our bottom line during this period of the MSS,” the spokesman said, without elaborating.

For the six months ended Sept 30, 2017, its net profit fell 2.35% to RM659.74 million from the same period a year ago, while revenue rose 1.04% to RM4.21 billion.

The MSS exercise is not entirely surprising given that group chief executive officer Datuk Sulaiman Mohd Tahir had hinted at it just over five months ago while the group was in merger talks with RHB Bank Bhd.

He had said AmBank Group might undertake a “job rationalisation” exercise even if the merger with RHB did not pan out. As it turned out, the merger was aborted last August.

Other banks that undertook similar separation schemes in recent years include CIMB Group Holdings Bhd, RHB Bank, Hong Leong Bank Bhd and Standard Chartered Bank Malaysia Bhd.

In July 2015, CIMB Group and its Indonesian subsidiary, PT CIMB Niaga Tbk completed an MSS exercise that saw 3,599 employees or 11.1% of the total workforce in both countries trimmed. Of the total, 1,891 employees who opted for the MSS were from Malaysia.

In the same year, RHB trimmed its headcount by 1,812, or 13.1% of its permanent employees in Malaysia, under what it called a career transition scheme.

Source: The Edge Markets
10/01/2018 03:42
mancingbursa Wall Street hits new record at open on healthcare, bank gains
Our Reporter2018-01-09 23:13:03
A 1.7 per cent rise in Johnson & Johnson and a 5 per cent jump in Boston Scientific helped the S&P health sector gain 0.7 per cent.

A handful of retailers including Target, Kohl’s Corp and Lululemon Athletica have already reported solid rise in same-store sales for the holiday period and raised their profit forecasts for the fourth quarter.

At 9:41am ET (1441 GMT), the Dow Jones Industrial Average was up 66.68 points, or 0.26 per cent, at 25,349.68 and the S&P 500 was up 5 points, or 0.18 per cent, at 2,752.71.

The Nasdaq Composite was up 4.08 points, or 0.06 per cent, at 7,161.47.

“We are looking at a quiet day, with no major news. But investors are starting to prepare for the next round of earnings that could keep the market on fire,” said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

“People are going to look for what is going to create opportunity for more money to flow into equity.”

Investors are waiting for the start of the quarterly earnings season for more readings on the impact of recent tax cuts and profit forecasts.

Earnings for S&P 500 companies are expected to rise 11.8 per cent in the fourth quarter, compared with an 8 per cent increase a year earlier, according to Thomson Reuters I/B/E/S.

Seven of the 11 major S&P sectors were higher, led by a 0.9 per cent gain in financial stocks.

JPMorgan and Bank of America rose more than 0.8 per cent and Goldman Sachs 1 per cent. US 10-year Treasury yields rose to their highest since March.

Advanced Micro Devices slipped 4.15 per cent after Microsoft suspended patches to guard against security threats for computers running AMD chipsets after complaints that the software updates froze their machines.

GoPro fell 6.7 per cent, extending losses from Monday after the action camera-maker flagged a weak holiday quarter that triggered sale talks. The company said it was not actively trying to sell itself but would be willing to partner with a larger sector player.

Advancing issues outnumbered decliners on the NYSE by 1,381 to 1,141. On the Nasdaq, 1,363 issues rose and 1,092 fell. — Reuters

Source: The Malay Mail Online
10/01/2018 03:43
mancingbursa MyStock118
Wall Street hits new record at open on healthcare, bank gains
http://www.mystock118.com/?p=233668
10/01/2018 05:24
mancingbursa Opening up 3sen higher, good !
10/01/2018 09:24
willc48 I have no idea why people are still buying ambank unless margin. MSS on the way. Many senior staff left. Deal with RHB failed bcos 1MDB & US DOJ is taking action on 1MDB soon to recover illegal activities. If Najib losses, more disaster including BNM..election predicted just 3 months awsy.
10/01/2018 09:32
mancingbursa Axe their staff bcos ambank commitment to their promises to become 4th largers bank in msia b4 2020. Why dun u give him a change?
10/01/2018 10:40
mancingbursa All our asean countries already bullish but our one laggard behind bcos 1mdb. If the ambank are the only problem klse should not be bullish now ! High integrity are more important to personal wrong doing. Disaster? Oh my.... U talk kok ! Dun imagine !
10/01/2018 10:44
mancingbursa Im the head of my family, dad of my son, man of my woman. If i doing illegal drug business then caught by police then the judge gallow me, i said u can't do that way for me bcos my son, im the breadwinnner of my family? So what for the law we create? Where is righteousness? So everyone can break the law bcos some specific reason?

Use ur common sense and logical thinking. Very childish, man....
10/01/2018 11:01
mancingbursa MyStock118
TA Securities: AMMB’s staff-trimming scheme to save up to RM70m
http://www.mystock118.com/?p=233856
10/01/2018 16:03
klse1997 CIMB had done with MSS... their share price have been up since then couple with good financial result... this is going to be ammb moment
10/01/2018 17:38
ivan9511 today my am bank still can up while others ib claim sell .
lucky and suprise me. my another ambank link counter is amfirst .
amfirst now only 0675 while dividend more than 4sen .
I quite dizzy how high ambank can go
btw I still hold when 430 . hope ambank and amfirst all the best and happy new year
10/01/2018 18:32
meistsk3134 Amfirst?
10/01/2018 23:05
mancingbursa MyStock118
AMMB's staff-trimming scheme to save up to RM70m
http://www.mystock118.com/?p=233845
11/01/2018 07:43
mancingbursa AM breakfast, PM dinner?
11/01/2018 07:44
AnonymousKLSE MSS will have favourable impact on future earnings
11/01/2018 09:54
Beza Once AmInsurance (no MSS for its staff) is sold, better earnings.
11/01/2018 11:29
mancingbursa https://klse.i3investor.com/servlets/fdnews/243621.jsp
11/01/2018 12:37
mancingbursa Great info

MyStock118
Great Eastern factor a boost for Kuchai Development
http://www.mystock118.com/?p=234214

MyStock118
Interest rate hike a mild booster to bank’s earnings, says research firm
http://www.mystock118.com/?p=234279
12/01/2018 12:36
chickenputih now is the time for your C5 to consider exit liao .. i am about to let go c5 .
12/01/2018 15:23
mancingbursa Pls dun !

Tp7.00

Max TP 8.00

believe?
12/01/2018 15:30
mancingbursa As cimb boss nasir razak said 2018 is the good year for banking sector.
I haven't throw any c1 ticket yet, believe? Pm me my fb and let u see.
12/01/2018 15:34
chickenputih @mancingbursa i belief you .. but i'm still stick to my original exit price 23.5c. will get back again once got the chance .. good luck to you.
12/01/2018 15:50
mancingbursa Congrats to u too can get back ur capital
12/01/2018 16:09
mancingbursa https://www.thestar.com.my/business/business-news/2018/01/13/rally-has-not-run-out-of-steam/
13/01/2018 14:04
meistsk3134 mancing LOL.. pity newbie... are u playing stock last time election?
13/01/2018 21:53
mancingbursa Morgan Stanley : Malaysia, Asean stock flows may rise in 2018 as earnings accelerate | http://www.klsescreener.com/v2/news/view/330285
15/01/2018 09:57
mancingbursa Higher trade surplus likely this year | http://www.klsescreener.com/v2/news/view/330229
15/01/2018 10:17
mancingbursa Hong Kong Stocks Set for Record High as Rally Reaches 15th Day https://www.bloomberg.com/news/articles/2018-01-15/hong-kong-stocks-head-for-record-high-as-rally-hits-15th-day
15/01/2018 10:57
klse1997 Ambank to fly higher... 5 hingget mari mari mari
15/01/2018 15:03
shortinvestor77 No problem. Just don't sell.
15/01/2018 22:06
abc333 rate hike theme ... start wed o friday?
17/01/2018 10:50
Davidl Time to accumulate!
17/01/2018 12:20
mancingbursa Yep! I still holding it. Couple of the day top up already, 0.65
18/01/2018 12:13
enning22 with crudeoil breaks 60 usd/b , our national economy could stand on more solid ground, with better oversea demand and resulted in strong export figure in general, could benefit banking sector.any way the worst is behind us, by going forward, mild recovery,..
19/01/2018 12:35
klse1997 Hopefully.... and with interest hike around the corner.. banking sector will improve their interest margin... come on AMMB ... fly higher
19/01/2018 15:10
enning22 the decisive point is the management , look ammb have everything Publick bank possessed , except the shining management image which give customers those confidences , Public bank priced at 24 ringgit plus while ammb 4.60 ringgit .
19/01/2018 15:25


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