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KLSE: AMBANK       AMMB HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.03 3.17     +0.14 (4.62%)
* 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
08/04/2021 3.09 3.10 +0.01 (0.32%) HOLD PUBLIC BANK Price Target News
08/04/2021 3.09 2.95 -0.14 (4.53%) HOLD HLG Price Target News
06/04/2021 3.14 2.60 -0.54 (17.20%) TRADING SELL PUBLIC BANK Price Target News
05/04/2021 2.97 2.90 -0.07 (2.36%) HOLD HLG Price Target News
02/04/2021 2.99 2.60 -0.39 (13.04%) TRADING SELL PUBLIC BANK Price Target News
02/04/2021 2.99 2.40 -0.59 (19.73%) SELL KENANGA Price Target News
02/04/2021 2.99 2.90 -0.09 (3.01%) SELL AffinHwang Price Target News
01/04/2021 2.94 2.95 +0.01 (0.34%) HOLD HLG Price Target News
08/03/2021 2.94 2.95 +0.01 (0.34%) HOLD HLG Price Target News
02/03/2021 0.00 2.60 +2.60 (0.00%) TRADING SELL PUBLIC BANK Price Target News
02/03/2021 0.00 3.05 +3.05 (0.00%) HOLD KENANGA Price Target News
02/03/2021 0.00 2.90 +2.90 (0.00%) SELL AffinHwang Price Target News
01/03/2021 3.16 2.60 -0.56 (17.72%) TRADING SELL PUBLIC BANK Price Target News
01/03/2021 3.16 2.95 -0.21 (6.65%) HOLD HLG Price Target News
01/03/2021 3.16 2.90 -0.26 (8.23%) SELL AffinHwang Price Target News
22/02/2021 3.24 3.70 +0.46 (14.20%) HOLD KENANGA Price Target News
02/02/2021 3.11 4.05 +0.94 (30.23%) BUY HLG Price Target News
02/02/2021 3.11 3.08 -0.03 (0.96%) SELL AffinHwang Price Target News
01/12/2020 3.32 3.50 +0.18 (5.42%) HOLD PUBLIC BANK Price Target News
01/12/2020 3.32 3.60 +0.28 (8.43%) TRADING BUY MIDF Price Target News
01/12/2020 3.32 3.70 +0.38 (11.45%) HOLD KENANGA Price Target News
01/12/2020 3.32 3.70 +0.38 (11.45%) BUY HLG Price Target News
01/12/2020 3.32 3.00 -0.32 (9.64%) SELL AffinHwang Price Target News


Price Target Research Article/News (past 6 months)
08/04/2021  PUBLIC BANK PublicInvest Research Headlines - 8 Apr 2021
08/04/2021  HLG AMMB Holdings - Potential Impairment & Private Placement
06/04/2021  PUBLIC BANK PublicInvest Research Headlines - 6 Apr 2021
05/04/2021  HLG AMMB Holdings - Que Sera Sera
02/04/2021  PUBLIC BANK PublicInvest Research Headlines - 2 Apr 2021
02/04/2021  KENANGA AMMB Holdings - Calling for Cash
02/04/2021  AffinHwang AMMB Holdings - A Surprise Private Placement, or Not a Surprise Afterall?
01/04/2021  HLG Banking - Chugging Along
08/03/2021  HLG AMMB Holdings - Mother of All Fines
02/03/2021  PUBLIC BANK AMMB Holdings Berhad - Operationally Steady
02/03/2021  KENANGA AMMB Holdings - 3QFY21 Within; Huge Settlement Looms
02/03/2021  AffinHwang AMMB Holdings - Lacking Excitement, While Caution Looms
01/03/2021  PUBLIC BANK AMMB Holdings Berhad - Haunted By Past
01/03/2021  HLG AMMB Holdings - Mother of All Fines
01/03/2021  AffinHwang AMMB Holdings - A Hefty Settlement Sum of RM2.83bn to MOF
22/02/2021  KENANGA CIMB Group Holdings - CIMB Niaga: Counting on a Better FY21
02/02/2021  HLG Banking - Looking Ahead for Better Times
02/02/2021  AffinHwang Banking Sector - Dec 2020 Stats: Household Loans Led Growth in December
01/12/2020  PUBLIC BANK AMMB Holdings Berhad - Higher Provisions Weigh
01/12/2020  MIDF AMMB Holdings Berhad - Robust PPOP
01/12/2020  KENANGA AMMB Holdings - Early Signs Of Asset Quality Slippage?
01/12/2020  HLG AMMB Holdings - In Line With Estimates
01/12/2020  AffinHwang AMMB Holdings - Hefty Provision in 2QFY21, With More to Come in 2H



  8 people like this.
 
Godofgambler Flying soon
07/04/2021 8:54 AM
melanie1818181818 Maehai
So many so...ha.a.iiii, need to create so many fake IDs to self-agree meh???
Airasia lost more than shareholders equity, now -ve equity but share price still flying
This is a bank with consistent profits, apa lu scare?
If Scare put money under pillow and skru yourself, don’t kpkb here
07/04/2021 9:38 AM
JJchan https://www.malaysiakini.com/news/569700

Now we got Anwar started attacking AmBank's PP....Strange ---even politician get into Banks
politics ( maybe they know, a little more than us )
07/04/2021 9:47 AM
willc48 ambank to raise RM810m fund through more stock option to pay RM2.8b is not a good sign.
07/04/2021 10:39 AM
willc48 expect ambank price to drop...
07/04/2021 10:40 AM
Newbeoz New target prices 2.40 to 2.60. That's all it's worth after company diluted the shares by PP. Instead of rewarding existing shareholders, it sold them out. Run while you can.
07/04/2021 11:16 AM
RainT when gonna drop to RM1.00?

I am waiting
07/04/2021 11:46 AM
Stockisnotfun Haha so najib brother is the one want to invest the PP. I thought najib brother already have cimb but want to buy ambank as well
07/04/2021 11:59 AM
melanie1818181818 Hoi, so.,rhai sekalian
No need come here tell ppl how bad the settlement the pp or price drop, everyone knows ad
You think other ppl so sor...hai like you meh, still think first hand news ar... ka..nin..neh
Now is a question you dare buy or not, don’t come here kpkb about something everyone ad knows
07/04/2021 12:23 PM
gcke This open forum platform is for everyone, and not just for one like melanie1818181818 rebuking other people sensible and diverse viewpoints. A lot of the comments made and published were good,forthright and served as a continual reminder to people to carefully think over what they were buying before making a stock purchase.One would like everyone to enjoy a decent return but not be caught unwittingly by the market's price manipulation in the hands of unscrupulous parties individually,jointly or severally in the marketplace.
07/04/2021 12:45 PM
melanie1818181818 REPEATING WHAT HAS BEEN REPEATEDLY PUBLISHED BY NEWS PORTAL IS “SENSIBLE AND DIVERSE VIEWPOINTS”??
SERIOUSLY????
MAEHAI!! FACEPALM KAO KAO!!
WHERE’S YOUR OWN OPINION AND ANALYSES OTHER THAN BEING A BROKEN RECORD?

gcke This open forum platform is for everyone, and not just for one like melanie1818181818 rebuking other people sensible and diverse viewpoints. A lot of the comments made and published were good,forthright and served as a continual reminder to people to carefully think over what they were buying before making a stock purchase.One would like everyone to enjoy a decent return but not be caught unwittingly by the market's price manipulation in the hands of unscrupulous parties individually,jointly or severally in the marketplace.
08/04/2021 12:07 PM
Godofgambler Maehai hai
07/04/2021 1:34 PM
Godofgambler Maehai buying is strong...
No worries ...
Ambank TP4.5
07/04/2021 4:13 PM
Stockisnotfun So fast sapu finish all the panic.
07/04/2021 3:07 PM
Godofgambler Tp4.50
07/04/2021 6:57 PM
Godofgambler Maehai...
If the research house is so accurate then
there is no beggars in this world.
Normally they rated low because they want to
sapu the shares for themselves.
07/04/2021 7:03 PM
yingzhe17 Can’t wait for more bad news.
Insider also no confident and keep selling.
07/04/2021 7:55 PM
Godofgambler Maehai Maehai...
See Ambank how much they profited..
You think they can't pull through?
Please don't listen to those negative stupix comments
07/04/2021 9:06 PM
MF0001 SIPEK BORING ORH

GO EVERYWHERE

SEEMS LIKE PEOPLE FEAR ME

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

BE GOOD GUY PEOPLE THOUGHT I BAD GUY

BAD GUY PEOPLE THOUGHT I GOOD GUY

AMBANK

HOW MUCH U SAY?

3.30?

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
07/04/2021 9:10 PM
apolloang cos you look like elephant man or hunchback of kl? hahaha
07/04/2021 9:12 PM
Godofgambler Maehai going to fly
08/04/2021 6:24 PM
villiian ambank look problem scandal 1mdb
09/04/2021 10:54 AM
gcke @villlian in most developed equity markets round the globe such bad news coming out from a bank will cause the share price to drop unrelentingly. Investors will ensure that the BOD faces the furious wraths of the investing community without fail! Such serious infractions by the bank is unwarranted and unacceptable. Expects the price to further drop to 2.70 in the next few months.
09/04/2021 12:33 PM
MorningGlory123 you think Datuk Seri Nazir Razak's private equity fund interested to increase AMMB shareholding?
09/04/2021 2:55 AM
robert88888 I think Ambank should be the highest now, Bad news and It's hard to be up again....I better swap to others counter...
09/04/2021 1:07 PM
Stockisnotfun Increase ammb shareholding? Already say confirmed Nazir razak already in the PP provided by Ambank.
09/04/2021 11:04 PM
fortunefire wait till pp kicks start then it will drop
12/04/2021 12:18 PM
Cojack31 nex Week will fly above 320... If want to drop ..already drop . ..price up above rm 3 consider is good
10/04/2021 9:42 PM
Cojack31 Another 3 or 4 month above 3.50
10/04/2021 9:42 PM
Cojack31 Can check chart.FA TA lor
14/04/2021 9:31 AM
AllanTingAS Logically, i will follow fortunefire because PP will be 2.75 and they need to pay Government 2.8 Billion!
11/04/2021 8:27 PM
melanie1818181818 LOL!!! W..T..F!!!! MAEHAI!!!!!
Talking about being logical in stock market????
LOL!!! Really laugh die me!!!!!

AllanTingAS Logically, i will follow fortunefire because PP will be 2.75 and they need to pay Government 2.8 Billion!
12/04/2021 1:19 AM
Godofgambler Tp4.00 coming..
Believe it
12/04/2021 1:23 AM
Godofgambler Tp4.5 coming.. I up my TP for today
12/04/2021 6:01 PM
Brucehwang I hope so and no price drop anymore..
12/04/2021 6:46 PM
speakup https://www.theedgemarkets.com/article/newsbreak-nazir-razaks-ikhlas-affin-hwang-am-approached-ammb-private-placement
14/04/2021 3:43 PM
Stockisnotfun I just care whether we will get dividend or not still after the private placement.
12/04/2021 10:17 PM
gcke @Stockisnotsofun the odd of you as one of the investors is on the very low end.That after the bank was just hit with the global settlement with Ministry of Finance (MOF) amounting to RM 2.83 billions.Such monumental sum is equivalent to close to TWO years profits. Also the present Return of Equity(ROE) = 5.88 is lower than the Cost of Equity(COE)=10.34% for AMMB as compare to the other banks in the country.On the contrary, the BOD and top management should suffered from 50 % & 20% remuneration and incentives cut respectively for such gross infractions which for a banking institution should not ever happened at all.High probity,integrity and governance should underpin any bank for that matter.
13/04/2021 5:40 PM
AllanTingAS Let wait for next QR. Then only to make action.
13/04/2021 8:31 PM
Andy88 Good news coming!!
13/04/2021 10:15 PM
Godofgambler Good news coming!!!!
14/04/2021 6:20 AM
Brucehwang What good news?
14/04/2021 8:12 AM
yingzhe17 Good news ! Ambank going to sell more shares as pp next quarter. Buy back share at 3.00 for esos to rewards Ceo
14/04/2021 9:47 AM
fortunefire we shall see.... the main reason for doing pp is bcos they dun have enuf funds to settle 2.8bil
15/04/2021 11:28 AM
Godofgambler I think main reason is not for us to think.
Ambank is a big instituttion.
They know what to do with the fund.
It can be any form of investment.
15/04/2021 3:12 PM
Stockisnotfun Aiyo don't need to state the obvious when the news is already there. They already say two objective on the PP. Partial fund will use to settle the fine and some are use to increase the capital fund.
15/04/2021 3:12 PM
Brucehwang Zig zag price everyday...
15/04/2021 3:12 PM
shearer202 Really surprised that a bank can facing financial issue , baggard money everywhere to cover big hole , really shame for the management ! Will it going to bankrupt ? Share price rm 3 ! Is it value to invest ?
17/04/2021 10:40 AM
Goldberg The issue revolving around AMMB’s private placement By Devanesan Evanson
---------------------------------------------------------------------------

FOLLOWING its April 1 announcement to call for a proposed private placement exercise – which was a surprise for the market, AMMB Holdings Bhd (AMMB) again reached out to the Minority Shareholders Watch Group (MSWG) to address our concerns and queries. MSWG met AMMB at 4.30pm on April 2 – the day after the announcement.

(AMMB had earlier reached out to MSWG to address concerns regarding the RM2.83 bil settlement related to 1Malaysia Development Bhd [1MDB]).

On the same day, along with the announcement on the placement, the banking group also announced that it is undertaking an assessment of goodwill to ascertain the value of impairment that will be reflected in its financial results for the fourth quarter ended March 31.

AMMB also met other shareholder and stakeholder groups to address concerns on the placement exercise and the assessment of goodwill.

Why not a rights issue?

Earlier, on the morning of the announcement (April 1), the Minority Shareholders Watch Group (MSWG) commented that a placement exercise will affect the interest of minority shareholders in terms of shareholding dilution and will deprive minority shareholders from enjoying future upside in the share price, in view that the RM2.70 illustrative placement price was at a discount of 9.77% compared to the five-day volume weighted average price.

It has now been determined that the placement price will be RM2.75 – and the closing price of the share at the time of writing (April 8) was RM3.15.

The market was given to understand that the bank remained resilient and unstressed after accounting for the effects of the RM2.83 bil settlement. Thus, the placement exercise came as a surprise to the market.

AMMB’s justification for the placement

AMMB explained that the implementation of the private placement was to further strengthen AmBank Group’s capital base by accelerating the build-up of its Core Equity Tier 1 capital.

During our meeting with AMMB, AMMB’s management stressed that a rights issue carries substantial downside risks.

Firstly, its two major shareholders would be unable to take up their respective rights allocation due to shareholding caps imposed by the regulators.

It was also highlighted that apart from the two major shareholders, another shareholder holding a substantial block also indicated that they will not be able to participate in the rights issue as they have fully invested.

Secondly, a placement can raise funds expeditiously and is less costly compared to a rights issue,

Thirdly, with the risk of such major undersubscription, the underwriters of the rights issue would have demanded higher fees to compensate for their underwriting risks and this would drive rights issue costs higher.

Fourthly, AMMB will be diligent in the selecting of placees in that they will try to identify placees who will be able to value-add to the banking group.

Fifthly, a placement would bring in the funds sooner than a rights issue. Thus, the timely replenishment of capital may also lead to earlier rating upgrade of AmBank Group’s rating by rating agencies.

(Last month, RAM Rating Services Bhd downgraded the credit ratings of AmBank Group and its subsidiaries to AA3 from AA2, due to the RM2.83 bil global settlement related to 1MDB).

Based on the reasons given in support of a placement in lieu of a rights issue, MSWG can understand the rationale for the placement.

It is unfortunate that this rationale was not available in the announcement made by AMMB through Bursa Malaysia and/or the press release.

It would have pre-empted the question ‘why a placement and not a rights issue’ and AMMB could have avoided the need to reach out to the various shareholder and stakeholder groups individually to explain their rationale for the placement. – April 12, 2021



Devanesan Evanson is the CEO of the Minority Shareholders Watch Group (MSWG).
17/04/2021 10:50 AM
yingzhe17 Slowly drop to 2.75
17/04/2021 4:46 PM

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