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KLSE: ABMB       ALLIANCE BANK MALAYSIA BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.34 4.58     +1.24 (37.13%)
* 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
01/08/2019 3.63 3.68 +0.05 (1.38%) BUY AffinHwang Price Target News
15/07/2019 3.74 4.80 +1.06 (28.34%) BUY AffinHwang Price Target News
03/07/2019 3.81 4.20 +0.39 (10.24%) BUY HLG Price Target News
01/07/2019 3.77 4.25 +0.48 (12.73%) BUY KENANGA Price Target News
01/07/2019 3.77 4.20 +0.43 (11.41%) BUY HLG Price Target News
01/07/2019 3.77 3.76 -0.01 (0.27%) BUY AffinHwang Price Target News
21/06/2019 3.76 4.20 +0.44 (11.70%) BUY HLG Price Target News
10/06/2019 3.88 4.80 +0.92 (23.71%) BUY AffinHwang Price Target News
06/06/2019 3.87 4.20 +0.33 (8.53%) BUY HLG Price Target News
30/05/2019 3.80 4.60 +0.80 (21.05%) BUY PUBLIC BANK Price Target News
30/05/2019 3.80 4.75 +0.95 (25.00%) BUY MIDF Price Target News
30/05/2019 3.80 4.25 +0.45 (11.84%) BUY KENANGA Price Target News
30/05/2019 3.80 4.20 +0.40 (10.53%) BUY HLG Price Target News
30/05/2019 3.80 4.60 +0.80 (21.05%) BUY AmInvest Price Target News
30/05/2019 3.80 4.80 +1.00 (26.32%) BUY AffinHwang Price Target News
02/05/2019 4.06 4.45 +0.39 (9.61%) BUY KENANGA Price Target News
02/05/2019 4.03 4.06 +0.03 (0.74%) BUY AffinHwang Price Target News
23/04/2019 4.00 4.80 +0.80 (20.00%) BUY PUBLIC BANK Price Target News
23/04/2019 4.00 5.15 +1.15 (28.75%) BUY AmInvest Price Target News
01/03/2019 4.05 4.80 +0.75 (18.52%) BUY PUBLIC BANK Price Target News
01/03/2019 4.05 4.45 +0.40 (9.88%) BUY KENANGA Price Target News
01/03/2019 4.05 4.40 +0.35 (8.64%) HOLD HLG Price Target News
01/03/2019 4.05 5.00 +0.95 (23.46%) BUY AmInvest Price Target News
01/03/2019 4.05 5.90 +1.85 (45.68%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
01/08/2019  AffinHwang Banking - June Loan Growth Stays Subdued
15/07/2019  AffinHwang Alliance Bank - Building Long-lasting Alliances
03/07/2019  HLG Banking - Patience Is a Virtue
01/07/2019  KENANGA Banking - BNM Stats. (May 2019): Same Old, Same Old
01/07/2019  HLG Banking - Slowdown Has Stopped?
01/07/2019  AffinHwang Banking - Some Pick Up in Loan Growth, But Lacking Momentum
21/06/2019  HLG Alliance Bank - Opportunity to Accumulate
10/06/2019  AffinHwang Banking - 1Q19 roundup: A muted quarter
06/06/2019  HLG Alliance Bank - Results In-line; Value Emerged
30/05/2019  PUBLIC BANK Alliance Bank Malaysia Berhad - Good Momentum
30/05/2019  MIDF Alliance Bank Malaysia Berhad - Driven by Good Yielding Assets
30/05/2019  KENANGA Alliance Bank Malaysia Bhd - Benefitting From Its Higher Margin Assets
30/05/2019  HLG Alliance Bank - Results In-line; Value Emerged
30/05/2019  AmInvest Alliance Bank - Commendable revenue growth with positive JAWs
30/05/2019  AffinHwang Alliance Bank - FY2019 Results: Growing in Niche Markets
02/05/2019  KENANGA Banking - BNM Stats: (Mar 19) – Approvals Rebounding
02/05/2019  AffinHwang Banking - Some Pick-up in Loan Growth, But Lacks Momentum
23/04/2019  PUBLIC BANK Alliance Bank Malaysia Berhad - Collaborates With Zurich Malaysia
23/04/2019  AmInvest Alliance Bank Malaysia - Forms bancassurance partnerships with Zurich Malaysia
01/03/2019  PUBLIC BANK Alliance Bank Malaysia Berhad - Within Expectations
01/03/2019  KENANGA Alliance Bank Malaysia Bhd - Within Expectations
01/03/2019  HLG Alliance Bank - Bragging Rights May Not Last
01/03/2019  AmInvest Alliance Bank Malaysia - Strong improvement in NIM from improved loan mix
01/03/2019  Affin Hwang Capital Alliance Bank - Robust Topline Growth, NIM Expands



  5 people like this.
 
TA_trader only dumbos will invest in this counter. Every bank is posting good growth, this organization stagnant or marginal growth. High employee turnover, senior and mid level managers all busy meeting everyday, busy scandling with their own subordinate/colleagues and playing politics. Employees also demoralized, everyday ular and point fingers and politicking. Back office and middle office staff gets higher bonuses than front office staffs.

Just pay a visit to their branches. Forever empty. 5 counters open, 2 customer waiting also need to take 15 mins for your turn. No innovative products, only rely on SMEs and retail customers. Only rely on charging high margins to their customers. Such business can be easily taken away by other banks, should other banks just approach their customer with slightly lower margin. Especially when other banks provide better facilities, convenience, and better service.

Undervalued bank? Go visit their branches, talk to their employees, gauge their passion about their work. Go check glassdoor reviews.
28/02/2019 12:09 AM
TA_trader and please ah...dont tell me how potential take-over yea. This take-over story has been on-going for the past 10 years. NOBODY WANTS TO BUY THIS BANK. Their business model is decades behind. Only doing lending business to SME and Consumer. Not to say their pricing competitive also. Moreover always struggling to think of ways to make their Loan-deposit ratio look nicer.

Any bank can just whallop their business up. This is the only bank where i heard where "favoured employees" get higher bonuses/promotion by reducing their budget year-after year. Growth Bank? good luck
28/02/2019 12:14 AM
TA_trader Temasek want to buy? Temasek also gave up la, previous CEO sng seow wah who was from fullterton, temasek's financial arm also left. You guys really think Temasek will buy? This bank is CHEAP FOR A REASON
28/02/2019 12:20 AM
enning22 Breakthrough in Alliance Financial Group, new shareholders resolve issue
Read more at https://www.thestar.com.my/business/business-news/2016/04/13/breakthrough-in-afg/#mLcTwX8oe1svMVrG.99

https://www.thestar.com.my/business/business-news/2016/04/13/breakthrough-in-afg/

Langkah Bahagia’/ Vertical Theme ,now put under one nominees name
28/02/2019 1:03 PM
enning22 latest financial result.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6080413
28/02/2019 1:56 PM
Angel of KLSE 大马股仙 Result good why price no up?
28/02/2019 4:10 PM
mancingbursa More than 20% earning! Congratulations
28/02/2019 4:39 PM
Angel of KLSE 大马股仙 Fall like shit flushed into toilet hole. Sky no eye!
28/02/2019 5:18 PM
enning22 Higher Q3 net profit for Alliance Bank
CORPORATE NEWS
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.

广告

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
28/02/2019 5:28 PM
TA_trader not sky no eye, you no eye.
28/02/2019 5:52 PM
corporatefinancier @TA_trader, just wonder if are u a disgruntled employee or ex-employee of ABMB. Be honest pls.
28/02/2019 7:44 PM
TA_trader @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 =)
28/02/2019 8:43 PM
TA_trader 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.
28/02/2019 8:55 PM
enning22 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.
28/02/2019 10:24 PM
enning22 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.
28/02/2019 10:34 PM
enning22 FinMarket Asia is a Singapore based company, trying to advertise and get some business.
https://www.internsg.com/job/finmarket-asia-business-development-intern/
28/02/2019 10:40 PM
enning22 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."
28/02/2019 10:55 PM
TA_trader clap....clap....clap...

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.
28/02/2019 10:58 PM
enning22 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.
28/02/2019 11:16 PM
corporatefinancier 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
01/03/2019 1:11 AM
TA_trader 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.
01/03/2019 9:38 AM
zhangliang great results good upside and definitely laggard. Can collect on weakness. TP 4.50
01/03/2019 8:57 PM
enning22 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.
02/03/2019 1:29 PM
TA_trader continue to live in denial.

Where is corporatefinancier? why hide online, where is your 1-day class in investing please?
14/03/2019 9:23 AM
TA_trader 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%
21/03/2019 10:01 PM
TA_trader 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!
29/03/2019 11:18 AM
moneycome123456 price call, target price 4.80
23/04/2019 12:54 PM
limitlesss strong buying.. will up very soon
23/04/2019 3:48 PM
TA_trader 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
29/04/2019 4:46 PM
8888_ QR 31st May?
10/05/2019 3:13 AM
chkhooju Will definitely rebound today.
10/05/2019 7:40 AM
TA_trader any bounce will be a dead cat bounce.

HAHAHAHA
10/05/2019 9:20 AM
mr yong 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.
13/05/2019 2:46 PM
babyqueen bounce back. great
15/05/2019 12:04 PM
TA_trader 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.

Trying to do that AGAIN?! I DARE YOU TO TRY THAT AGAIN.

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.
18/05/2019 5:10 PM
enning22 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.
29/05/2019 4:28 PM
zhangliang 8.2 sens dividend soon. More leggss
07/06/2019 3:09 PM
TA_trader 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.
08/06/2019 12:50 AM
TA_trader 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.
08/06/2019 12:51 AM
FatRat93 Why RHB will be a better choice?
21/06/2019 9:42 AM
NavinShah My choise is ABMB. Its a semi foreign bank. Not 100% local. Singapore DBS has an interest. I have chosen ABMB over RHBBANK.
24/06/2019 12:42 PM
TA_trader 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.
25/06/2019 2:58 PM
NavinShah TA Trader, your article is wonderful. I maybe coming for the AGM. Can we meetup?
25/06/2019 4:54 PM
NavinShah Very knowledgeable article. I am coming for the AGM on the 24th July. Can we meetup?
25/06/2019 5:13 PM
TA_trader 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.
01/07/2019 10:08 PM
TA_trader Just to update my fellow investors, from what i gathered, the staff turnover rate continues to rise. What is worse, is that hiring of higher but less competent staff continues on. I am not talking about staffs whose salary range is 5-10k. Im talking about staff whose salary range is between 10-18k leaving, followed by hiring of those whose salary is from 20-40k.

good luck ;)
25/07/2019 10:45 PM
NavinShah TA_trader,
You are really great. You have the inside news of ABMB. Your feedback is very knowledgeable. Thanks for sharing.
01/08/2019 9:52 AM
stncws i put fd only 4.2% ..only rm6000 a years. how to cacluate the DY for Ambm? let says i hold 50000 shares..
05/08/2019 9:48 AM
Hafid Abmb will drop below 3.00
09/08/2019 4:57 PM
Eric6790 wa,below 3.00
09/08/2019 6:00 PM


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