Highlights
KLSE: AMBANK (1015)       AMMB HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
2.91   0.00 (0.00%)  2.91 - 2.96  3,228,400
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
13-Apr-2021 14-Apr-2021 Private Placement 300,000,000 2.750 3,314,184,844 Additional Listing Detail
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  8 people like this.
 
AllanTingAS Let wait for next QR. Then only to make action.
13/04/2021 8:16 PM
Andy88 Good news coming!!
13/04/2021 10:15 PM
Godofgambler Good news coming!!!!
14/04/2021 6:20 PM
Brucehwang What good news?
14/04/2021 8:12 PM
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 9:04 PM
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 1:51 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 2:45 PM
Brucehwang Zig zag price everyday...
15/04/2021 7:43 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
speakup when they give u rights issue, u complain why got rights issue.
when they dont give u rights issue, u complain why no rights issue.

that is human behaviour
17/04/2021 10:36 PM
Ken8888 Nx week ambank fly to moon
18/04/2021 2:42 AM
chkhooju Jangan bagi syok sendiri. You will be very disappointed. And, will cry like a baby.
18/04/2021 8:10 AM
williamtkb Those people got rm2.75 are selling above rm3? When can reach Rm2?
18/04/2021 8:22 AM
AllanTingAS You can buy <RM3.00 once next QR announced cause their PNL will be bad. Additionally their PP was RM2.75
18/04/2021 9:00 PM
fortunefire Citi is leaving. A warning sign to the retail banking?
19/04/2021 10:46 AM
yingzhe17 All banks red, except ambank
19/04/2021 1:59 PM
Brucehwang What happened at last minute?
19/04/2021 5:03 PM
yingzhe17 Last minute big funds cash out after pump.
19/04/2021 6:07 PM
Flybythenite Bank also can kena pump n dump? I tot only penny stocks kena...
19/04/2021 6:08 PM
Flybythenite Moratorium extended is it?
19/04/2021 6:08 PM
Flybythenite This bank involved in 1mdb scandal, how their bad debt level?
19/04/2021 6:10 PM
Stockisnotfun Most likely epf is disposing at last minute
19/04/2021 9:34 PM
fortunefire i have closed my amb account, despite i was being offered with special rate for retention purpose.
20/04/2021 10:24 AM
Godofgambler Ambank is reputable bank...
20/04/2021 3:49 PM
Godofgambler I foresee Rm4.50 soon
20/04/2021 3:52 PM
AllanTingAS Waiting for coming QR and see how much the losses. Then can start to buy in batches. Almost 90% will be dropped to below RM2.90!
20/04/2021 9:28 PM
Ken8888 Kwsp come in already gogo
21/04/2021 1:19 AM
melanie1818181818 LOL!!! Noob acting like genius
Everyone knows next quarter is bad -2.8-2.0+0.3 = -4.5
Full year -4.5+0.9, at least -3.6b losses
So why need to wait for the quarter to sell?
FACEPALM KAO KAO
Really MAEHAI BE TAHAN read comments from this Bakayaro

AllanTingAS Waiting for coming QR and see how much the losses. Then can start to buy in batches. Almost 90% will be dropped to below RM2.90!
20/04/2021 9:28 PM
21/04/2021 12:02 PM
yingzhe17 2.75 fair price
21/04/2021 9:28 PM
CakapSohaiThings Only retards will still believe you

Posted by yingzhe17 > Mar 2, 2021 1:24 PM | Report Abuse

I potong my kuku also if no limit down tomorrow
21/04/2021 10:53 PM
gcke @yingzhe17 concurs with the view on the fair price 2.75. Presently,the technicals for the stock uptrend is weak basing on the RSI readings and MACD and also the SMA 10 and SMA 250.Daily turnover also on the lows.Expects the stock to breach the RM 3.00 and trend lower.
22/04/2021 8:44 PM
AllanTingAS Apalah! I want to buy at low price also cannot kah?
22/04/2021 9:31 PM
Stockisnotfun Ya all short term indicator is not looking good. However daily technical chart still showing oversold. Monthly and weekly still show neutral at this point
22/04/2021 9:49 PM
fortunefire dropping.... 2.75 is coming
27/04/2021 3:57 PM
limkokthye https://www.freemalaysiatoday.com/category/nation/2021/04/28/6-ambank-branches-in-penang-closed-due-to-covid-19/
28/04/2021 10:36 PM
limkokthye c liao ambank, keong gan liao
28/04/2021 10:36 PM
Godofgambler Going to fly soon TP4.50
29/04/2021 8:05 AM
stockraider Another few billion ringgit losses for Ambank, this is a self inflicted injury loh!


Will likely impact ambank dividend paying capacity for the next 2 years loh!
29/04/2021 8:28 AM
gcke From The Edge CEO Daily - AmBank to book RM1.79b impairment in banking and investment biz after 1MDB settlement
BY ARJUNA CHANDRAN SHANKAR
theedgemarkets.com
KUALA LUMPUR (April 28): AMMB Holdings Bhd (AmBank), which announced a RM2.83 billion settlement with the Malay- sian government earlier this year over its role in the 1Malaysia Development Bhd (1MDB) asco, said it will be booking a one-off im- pairment charge of RM1.79 billion in its con-
ventional and investment banking businesses for the fourth quarter ended March 31, 2021. The banking group will also be record- ing a RM148 million impairment on the carrying investment in an associate (REIT
impairment) in its 4QFY21.
These non-cash items, it said in a bourse
ling today, will have no impact to its reg- ulatory capital ratios and does not impact future earnings.
But these impairments, combined with its 1MDB settlement with the Ministry of Finance (MoF), will result in the banking group posting a net loss for its FY21, it said.
“Credit ratings of the AMMB Group are expected to remain unchanged as a result of these impairment charges,” it added.
In February, AmBank announced it had agreed to pay RM2.83 billion to the govern- ment as settlement on all outstanding claims and actions in relation to the banking group’s involvement in the 1MDB graft scandal.
Shares in AmBank closed 1.34% or four sen higher at RM3.02 today, valuing it at RM10.01 billion. It saw 3.64 million shares traded.
29/04/2021 9:33 AM
trader168 Price already factored in..wont drop but probally will up..
30/04/2021 8:51 AM
willc48 as reported, RM1.2b impairment loss due to 1MDB
30/04/2021 10:04 AM
willc48 how can be investment loss when have to borrow money?
30/04/2021 10:06 AM
gcke @trader168 basing on the Technical Charts - SMA10,SMA 200,MACD,RSI and the recent adverse development on the bank its stock price will be trending downwards.Additionally,in the midst of Covid-19 pandemic portending dire challenges ahead such double blows will hit the bank stock price performance in the immediate and medium term.Best to let the matter as reported settled down in another 6-12 months before buying back and accumulate the stock.
30/04/2021 11:08 AM
yingzhe17 See you at 2.75
30/04/2021 11:50 AM
Keyman188 Sure bohhh....

Don't let Keyman188 so excited until can't sleep...


wkwkwk...


Always blow water never wipe mouth...


kekeke...hehehe...
30/04/2021 11:53 AM
Keyman188 Later come down to 2.70 & no movement...

Keyman188 sure you will say "Hopeless stock"...

Always banyak banyak pattern more than badminton...


wkwkwk...kekeke...hehehe...
30/04/2021 11:57 AM
Godofgambler Ambank to fly soon
06/05/2021 7:57 PM


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