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237 comment(s). Last comment by TA_trader at Jul 1, 2019 10:08 PM
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1455 posts

Posted by enning22 > Feb 28, 2019 5:28 PM | Report Abuse

Higher Q3 net profit for Alliance Bank
Thursday, 28 Feb 2019

3:04 PM MYT
image: https://www.thestar.com.my/~/media/online/2018/01/22/23/52/alliance-bank-oct16.ashx/?w=620&h=413&crop=1&hash=434F1F7713334B2FE74E5FB20E92D286A5060B12

KUALA LUMPUR: Alliance Bank Bhd's net profit rose by 21.5% to RM148.93mil in the third quarter ended Dec 31, 2018, boosted by higher net interest margin and operating income.

It announced on Thursday the net profit had increased from RM122.55mil a year ago. Its revenue increased by 7.8% to RM418.40mil from RM388mil a year ago. Earnings per share were 9.6 sen compared with eight sen.

Alliance Bank's net income grew by 7.8% or RM30.4mil mainly from net interest income while its net interest margin rose by 18 basis points to 256bps.

Its other operating income was RM76.2mil. Its operating expense was better off by 8.6% or RM18.5mil while cost to income ratio improved by 8.5% to 47.0%. Expected credit loss was RM32.6mil.


The banking group also performed better when compared with the second quarter. Its net profit of RM148.93mil in Q3 was up by 6% or RM8.4mil.

In the nine months, its net profit increased by 11.9% to RM425.82mil from RM380.35mil in the previous corresponding period. Its revenue rose by 4.2% to RM1.22bil from RM1.17bil.

On the outlook, Alliance Bank said it would leverage on its franchise strength to deliver sustainable profitability and to fulfill the financial needs of its customers.

“In FY19, we will continue to scale up for growth in our core businesses i.e. consumer lending and SME Banking.

“For these businesses, we will drive productivity and increase our sales capacity to accelerate loan growth, aiming to outpace industry growth. We will also enhance our leads generation and sales management through better customer and market analytics.

“In addition, Alliance@Work (our bank-at-work programme) will continue to be an important acquisition channel to garner consumer CASA and business CASA (via company payroll and online cash management),” it said.

Read more at https://www.thestar.com.my/business/business-news/2019/02/28/higher-q3-net-profit-for-alliance-bank/#COAPo6D4P1iXOtuX.99

223 posts

Posted by TA_trader > Feb 28, 2019 5:52 PM | Report Abuse

not sky no eye, you no eye.

3 posts

Posted by corporatefinancier > Feb 28, 2019 7:44 PM | Report Abuse

@TA_trader, just wonder if are u a disgruntled employee or ex-employee of ABMB. Be honest pls.

223 posts

Posted by TA_trader > Feb 28, 2019 8:43 PM | Report Abuse

@corporatefinancier please la, if you are a truly well-informed investor, you will meet all kinds of professionals from the financial industry, this includes bankers. Since your nick is corporatefinancier, i assume you are in the industry, if not, have frequent dealings with people within this industry. More so, you should know that the industry is damn small. It is not surprising you get first hand news from disgruntled employees. Like i said, just visit the branch.

MBB, RHB, CIMB all posts phenomenal growth. Dont forget these banks have high revenue/net profit base, in order to have such a percentage growth, it is even tougher if compared to having a low revenue base. Yet you all ask, why P/E so low, when the Earnings cant even grow?!

2018 net profit = 493,228 (-3.69% yoy)
2017 net profit = 512,123 (-1.90% yoy)
2016 net profit = 522,038 (-1.65% yoy)
2015 net profit = 530,780 (-5.81% yoy)

ARE YOU BLIND? look at past 4 years net profit. NEGATIVE GROWTH WEIHH. Numbers dont lie.

Fyi, ive profited from this counter back in 2012 on "take-over news". Hence i said this news have been around for more than a decade!

@corporatefinancier be honest to please. Are you disgruntled investor stuck in this counter with a high price?

Oh well since you are so blinded and bitter, i wont bother to share more. Good luck! meanwhile i go enjoy my other counter limit up =)

223 posts

Posted by TA_trader > Feb 28, 2019 8:55 PM | Report Abuse

OMG @ corporatefinancier

"Good day everyone, we are pleased to introduce Finmarket Asia. We are a financial and investment training provider. Currently we are offering a 1-day class on investing in Kuala Lumpur. Please visit finmarketasia.net to find out more.

p.s. We would like to advise visitors to this website and the internet to be wary of scammers and fraudsters, especially investment related propositions. We have been working with the Malaysian Police Force on and off to create awareness on scams among the general public with the rise of technology and social media. "

ARE YOU FREAKING SERIOUS? and here you are accusing me of being a disgruntled employee when you cant even analyze basic net profit growth!? Maybe i should be the one reporting to police about you being a scammer.

1455 posts

Posted by enning22 > Feb 28, 2019 10:24 PM | Report Abuse

even the blinds know the current economic situation is not so encouraging,due to hugh government debts as announced by the Harapan finance minister,somebody talk about growth comparison over the years , isn't it too demanding.

1455 posts

Posted by enning22 > Feb 28, 2019 10:34 PM | Report Abuse

as regard to statement "We have been working with the Malaysian Police Force",mind if i ask ,did you work with them on 1MDB case.Shorties want to play game , who know ,what kind of game people are playing.

1455 posts

Posted by enning22 > Feb 28, 2019 10:40 PM | Report Abuse

FinMarket Asia is a Singapore based company, trying to advertise and get some business.

1455 posts

Posted by enning22 > Feb 28, 2019 10:55 PM | Report Abuse

somebody rely on threat rather state the fact/truth clearly , this is to refer to statement like ,"Maybe i should be the one reporting to police about you being a scammer."

223 posts

Posted by TA_trader > Feb 28, 2019 10:58 PM | Report Abuse


Malaysian GDP growth

2011 5.3
2012 5.5
2013 4.7
2014 6.0
2015 5.1
2016 4.2
2017 5.9
2018 4.7

Can you please tell me how does it warrant ABMB as a stock to show consistent negative net profit growth when in 2017, the malaysian GDP grew at one of its fastest pace in the past 8 years? Why is it so consistent in showing negative growth in net profit while other banks showing consistent positive net profit growth?

Anyway whatever. Why should i be the one to point the facts and numbers out for you, when you as an investor bought without evening looking into the numbers first.

Bet you dont even know where to get the Malaysian GDP figures. Bunch of ignorant fools living in denial.

1455 posts

Posted by enning22 > Feb 28, 2019 11:16 PM | Report Abuse

if you are Singaporean , then you won't understand Malaysian politics/economy and ABMB, so we see you, are scratching the leg with the shoes on.ABMB in the early day was own by MCA, the change hand to former finance minister DAIM, these people are politicians , don't know how to run a bank properly,and they are surrounded by greedy cronies. Now you see a more professional body coming in , business return to normal, more over people worked so hard for a new government to put in place,and general expectation is that we could see brighter future.

3 posts

Posted by corporatefinancier > Mar 1, 2019 1:11 AM | Report Abuse

TA_trader,...You seemed to be bitter yourself. Accusing me of so many things without any proof when I was just plain curious to ask the question. FYI, I rarely invest in local stocks. The last time was many years ago. Though I am a trained analyst of more than two decades, I'm not capable of analysing stocks, unlike you who are the expert. So how much money have you made. Don't just brag irresponsibly behind an online identity. We can meet at any police station of your liking to make your police report. The ball is in your court.
01/03/2019 01:10

223 posts

Posted by TA_trader > Mar 1, 2019 9:38 AM | Report Abuse

wow @ corporatefinancier

You can ask if people question but ppl cant ask you? Who's the bitter little brat now

I agree, dont hide behind an online identity. Tell us about your 1-day class on investing please. Let us know your name,company name and your business registration. I am interested.

497 posts

Posted by zhangliang > Mar 1, 2019 8:57 PM | Report Abuse

great results good upside and definitely laggard. Can collect on weakness. TP 4.50

1455 posts

Posted by enning22 > Mar 2, 2019 1:29 PM | Report Abuse

Limited banking License avaible in our country ,thus it enjoys some kind of monopoly,red sea competation cannot arise,as other industries encountered. Risk factors are limited.Once you run it in a professional way,it can bring in good return.Great room for business expansion too, particularly in ASEAN region.Look RHB bank has just enter Vietnam, by acquiring a 100% owned invesrment bank license.

223 posts

Posted by TA_trader > Mar 14, 2019 9:23 AM | Report Abuse

continue to live in denial.

Where is corporatefinancier? why hide online, where is your 1-day class in investing please?

223 posts

Posted by TA_trader > Mar 21, 2019 10:01 PM | Report Abuse

With the impending cut in OPR, AFG will experience the biggest impact to earnings among banks. This is because its percentage of variable loans is arguably the highest when compared to all banks, currently at around 89.90%

223 posts

Posted by TA_trader > Mar 29, 2019 11:18 AM | Report Abuse

New Supplementary notice on Foreign exchange administration rules will further weigh on banks like ABMB, as SMEs (net importer) are now allowed to receive in foreign currencies from resident entities with foreign currency export earnings for settlement of domestic trade in goods and services (subject to conditions).

This effectively puts pressure on ABMB's already lousy foreign exchange business.

Good Luck!

171 posts

Posted by moneycome123456 > Apr 23, 2019 12:54 PM | Report Abuse

price call, target price 4.80

58 posts

Posted by limitlesss > Apr 23, 2019 3:48 PM | Report Abuse

strong buying.. will up very soon

223 posts

Posted by TA_trader > Apr 29, 2019 4:46 PM | Report Abuse

strong buying??!!! breaking below 4.00 = strong buying???!!!

Did you all know it that the collaboration with manulife was a huge FLOP?!! now wanna bank on zurich?! HAHAHAHA

1011 posts

Posted by 8888_ > May 10, 2019 3:13 AM | Report Abuse

QR 31st May?

565 posts

Posted by chkhooju > May 10, 2019 7:40 AM | Report Abuse

Will definitely rebound today.

223 posts

Posted by TA_trader > May 10, 2019 9:20 AM | Report Abuse

any bounce will be a dead cat bounce.


mr yong
57 posts

Posted by mr yong > May 13, 2019 2:46 PM | Report Abuse

MALAYsia oil and gas company all HUGE DEBT ,Crude oil price low oil n gas sector DIE ,biggest exporter EURO don't want PALM OILplantation sector DIE ,IMDB HUGE debt,Tabung HAJI billion billion losses ,household DEBT 80% GDP MALAYsia people NO MORE purchasing power BANk and PROperty sector will going SlowDOWNn ,GOVT DEBT nearly 1 TRILLION GOVT no more MONEY do Infrastructure CONstuction sector DIE .OIL and PALM OIL contribution GDP 40% ,MALAYsia deficit,malaysia GOVT selling asset HK property selling TELCO asset to FOREIGN company,SOVEREIGN fund khazanah selling stock ,EPF selling stock,FOREIGN FUND selling malaysia BONDS ,Economy RECESSION..MALAYSIA CRISIS induced ASIAN FINANCIAL CRISIS 2019.

37 posts

Posted by babyqueen > May 15, 2019 12:04 PM | Report Abuse

bounce back. great

223 posts

Posted by TA_trader > May 18, 2019 5:10 PM | Report Abuse

This alliance bank still trying luck. Wait and see what others are doing to their base rate. NO NEED TO SEE ALREADY. Just cut your base rate by 25 basis.

When BNM hiked 25 basis, alliance bank hike 25 basis.
when BNM cut 25 basis, alliance cut only 15 to 20 basis.


Even MBB has to issue the second announcement to cut a further 5 basis after initial 20 basis downward adjustment.

ABMB will have to bear the FULL BRUNT of contraction in their Interest margin.

Good luck all, continue to hope for a BOUNCE please.

FYI, alot of manufacturing companies are suffering. Alot of them even stop their production line in between as they do not have sufficient demand from their customers. Weak banks like ABMB will be the first to get hit, as they would always BEG for your deposits.

1455 posts

Posted by enning22 > May 29, 2019 4:28 PM | Report Abuse

due to Sino-american trade war , the usual supply chains is in the process of re-adjusting, re organizing ,soon will be back to normal.

497 posts

Posted by zhangliang > Jun 7, 2019 3:09 PM | Report Abuse

8.2 sens dividend soon. More leggss

223 posts

Posted by TA_trader > Jun 8, 2019 12:50 AM | Report Abuse

dream on....

not just will it refuse to climb, ex-dividend will drop further.

1.) Like i said, latest BNM FEA supplementary notes will put a dent into their non-interest income, as majority of their business is derived from SMEs.

2.) Not to mention cut in OPR and slower economic conditions (especially SMEs) will put further pressure on their interest income.

3.) Lousy management, highly paid management

4.) Highly paid mid level management busy politicking resulting in high turnover. Hiring new staff at higher salary and need to retrain them on their business operations. Also, to hire bankers from other bank, need to pay the other bank 6 months of the staff's salary to BNM training fund.

5.) Hence you see fluctuation in their profits as well. Just imagine if you are their customer, every 6 months to 1 year different relationship manager. Then when 1 RM left, suddenly nobody servicing their customers.

223 posts

Posted by TA_trader > Jun 8, 2019 12:51 AM | Report Abuse

RHB will be a better pick. I must say i do not have any holdings of RHB or any financial institution at this point of time.

106 posts

Posted by FatRat93 > Jun 21, 2019 9:42 AM | Report Abuse

Why RHB will be a better choice?

204 posts

Posted by NavinShah > Jun 24, 2019 12:42 PM | Report Abuse

My choise is ABMB. Its a semi foreign bank. Not 100% local. Singapore DBS has an interest. I have chosen ABMB over RHBBANK.

223 posts

Posted by TA_trader > Jun 25, 2019 2:58 PM | Report Abuse

Medium term, i dont fancy banking counters simply because, like the economy, banking performance are cyclical. Moving forward, margin compression, revision of banking regulations, stiff competition, slower economic growth are among the reasons why i think banking counters have no significant upside in the medium term.

Why i prefer RHB over this counter is very simple. Just compare the net profits between the 2 for the past few years. RHB growing consistently, while the other, as i explained..stagnate, EVEN DURING PERIODS WHERE THE MSIAN ECONOMY (GDP) was thriving.

While i like ABMB's major shareholders very much, the top management and middle management are pretty..........*i dunno what to say, take a look at their financial performance itself*. Also, i know very well and received from various feedbacks on their culture and how they conduct their business. Lastly, ABMB fails to reinvent themselves, concentrating solely on SME's which are the most risky during an economic downturn.

204 posts

Posted by NavinShah > Jun 25, 2019 4:54 PM | Report Abuse

TA Trader, your article is wonderful. I maybe coming for the AGM. Can we meetup?

204 posts

Posted by NavinShah > Jun 25, 2019 5:13 PM | Report Abuse

Very knowledgeable article. I am coming for the AGM on the 24th July. Can we meetup?

223 posts

Posted by TA_trader > Jul 1, 2019 10:08 PM | Report Abuse

Hi Navin,

As much as i would like to meet up and meet fellow investors like yourself, I am sorry but i wont be attending the AGM as i am not invested in ABMB. Also, i honestly have no interest in how they are doing, because i KNOW they will not change for years to come. Especially when their senior management and mid level senior management is still around.

Even if they change, will take few more years..coz alot of vested interest involved. ( if u dismiss the senior and mid level guys, gotta pay them compensation as well as their share options)

Like i said, just go to the ground, speak to the branch staffs, front-liners etc. Also look at their business model, mainly targetting SMEs. Big banks with better pricing and well established sales delivery channels can easily take these customers away. Placing your bank's reliance mainly on SME's business is also very risky.

Finally, look at BNM's recent FEA supplementary rules where it allows SME's the flexibility to settle trade in foreign currency (Under stipulated conditions). --> this will effectively reduce their FX business volumes. Alot more la!!!...too many ..cant type all here...Anyway just...think thoroughly about it la. You also must have a good feel/understanding about the banking business.

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