So.. there will definitely be dividend announced. Need to send dividend back to Japan no matter what.

Problem is not just about how the current conditions are affecting retail sector and malls.

Problem is do you understand Japanese culture? Have you dealt business with them before? They will always deal with Japanese first. and their costs will always be high. why? because they care about Japanese-Japanese relationship, so pricing comes second.

Any benefits, always benefit Japanese first. In times of crisis, especially if it happens in Japan, you will see the JPY strengthen. Why? because Japs from all over the world including Jap companies will repatriate and pay high dividend back to Japan to support their economy and their Japanese. They make less here nevermind, most important they make more back in Japan, so that Japan government can make more in Tax also.

brent would need to break above the double bottom neckline at around 37.00, only then u would see it break-away climbing significantly higher towards 43-44 level.

HAHAHAHAHAHAHAHAHA.

friend...during sept 2017 it went from 0.405 to a high 0.705. NOT 0.65.

and please go read and learn up the meaning of technical resistance/support. OMG. Simply determining support/resistance level.

Gooshem,

can u kindly share how you determined 0.65, a resistance level?

broke above double bottom neckline at 0.545, should head towards 0.70 to fill window gap.

just look at U.S oil rig count and weekly inventories. Also think about it, if all the storage is so "full" why has oil tanker rates (oil on water storage) tanked by almost 50%?

bind fella..up 12.6% but take it as downward trend.

bet he has been losing lots.

if so safe...then...stop talking and start loading!!!~~~

Victor,

1.) How is DBS, alliance's largest shareholder?

2.) Fullerton (Temasek's investment arm) to be exact. How long as Fullerton invested in Alliance? it is not something new.

Sure Keyman,

When it drops back below 1.55, i am sure u will announce to whole world, unfortunately you have already taken profit at 1.90 level.

https://www.freemalaysiatoday.com/category/nation/2020/05/02/consider-dropping-accrued-interest-under-moratorium-tengku-zafrul-tells-banks/

as of 31 dec, abmb has a RM 850 mil hire purchase loans outstanding.

buy buy buy!

so? u mean you just realised? They have been buying since Feb 2018, when it was trading at 4.00.

So Yippy68? what are u trying to mislead now?

MCO extended for another 14 days.

Who will be able to weather times like this better? Large corp or SMEs?

How will ABMB fair?

Buy buy buy..dont talk. just dumb dumb buy. listen to icon888

wah i didnt go hibiscus agm, but I am in hibiscus counter.

shangrila privilege all given to their mid and senior mgmt..none for you.

suddenly dumb dumb icon silent, but busy commenting about collecting other counters.

while everybody is being quarantined, which contributes to a lower consumption/demand, but i believe this applies to the supply as well. When everybody is being quarantined, who is going to operate the oil wells? Supply will drop as well.

so all SME automatically have their payments deferred ya. Not surprised if we see ALBB hike their MYR FD campagin to offset this.

pandai2 la

friends,

Q. Which loan/financing qualifies for the deferment?

For individuals and small and medium enterprises (SMEs), the deferment in conventional loans or Islamic financing repayment obligations (except credit cards) are automatically effected by banks and development financial institutions (DFIs) if the loans/financing meet these criteria:

• not in arrears exceeding 90 days as at 1 April 2020; and

• denominated in Malaysian Ringgit.

Meanwhile, corporate borrowers/customers may request for a moratorium on loan/financing repayment from their respective banks.

oh no...icon didnt manage to average at the low.

bose00, why limit down?

see...sorhai didnt dumb dumb average down. Now rebound lo.

why dumb dumb hold until 0.80? why dont wait and dumb dumb buy at 0.80? why dont dumb dumb buy at 1.60 when u dumb dumb find it cheap at 2.90?

sorhai?curse mother curse father?

meaning?

have u ever seen any director or top management ever buying back ABMB stocks?

just dont hope icon's dream come through, takeover offer at below rm 1.00

just dumb dumb hold, and wait 10 years to recover to RM 4.00

from RM 4.00 to RM 1.60. That is what i said.

All backed by figures.

What's next? Nevermind about interest margin compression. What's more import is HOW would recent developments affect ABMB's large SME customer base?

Food for thought.

if not mistaken, bursa to continue operating.

just dumb dumb hold...

my analysis was from 1 year ago until today. Analysis has to be fluid, don't just take into account of historical events, current events, but also expectation of future events.

Lonewolf,

I have provided countless views on this counter for slightly more than a year. While i have provided concrete figures and facts, many have dismissed them and shot me for sharing.

I am not throwing tantrum. I am merely stating facts, I am not your researcher nor your remisier. If you are really interested, do your homework, make the effort to read back my comments. Else do your own homework by looking at the historical performance of this counter for the past decade. Nobody is going to spoonfeed you. The fact that i have arleady posted the figures before this and you ask me to feed you again, shows the kind of attitude you have.

It doesn't matter if it was trading at RM 4.00 or RM 2.60, the fact is that there is almost NO growth in this counter for past 8 years. You can say that the dividend yield is good at 5 % or 6%, but why would i want to invest in a counter with DY of 5%-6% but no upside in price, but at the same time have to take the downside risk? i might as well put in FD or EPF.

As my name nick suggest, my forte is more on Technical Analysis, hence TA_Trader, i know many bankers. I also know various bankers who have worked under various ABMB CEO's tenure. Hence, i know how things work there.

I have also invested in this counter about a decade ago and have profited from it amid rumours of DBS takeover. Hence until today i will scoff at such rumours about singapore bank taking over etc. Imagine this rumour has been around for more than a decade, and u all still banging on bank's taking over?

Have u ever thought when is the best time for other banks to take over alliance? its when its CHEAP.
I can only imagine them buying over when it is distressed, simply because there is no synergy created by taking over ABMB. My take is that only when its trading sub RM 1.00 or below RM 1.00..

Lonewolf,

if you are bothered move your lazy as$ and put some effort to read through the forum (past comments) then i am sure your investments would have been worthwhile.

If you are lazy. Then just too bad. No need to repeat to a half as$ed like you

poor management. No growth catalyst. Business can be easily taken away by bigger banks. High staff turnover. Most staff there waiting to leave, just waiting for opportunity. But couldnt leave. Coz no standards.

honestly i would only consider this counter cheap if it trades below 1.40. That is with a BIG condition and assumption if net profit growth remains unchanged, no NPL etc.

But i am very doubtful that should we head into an economic slowdown, SME's will be immune to it.

this time ABMB really bounce your mother...

Abmb rally liao... Icon didn't dumb dumb average down. Missed chance.
Maybe epf buying

im trying very hard to look for a technical support, maybe a minor one around 2.00, but anything lower than that its at 1.60. Just imagine crisis also belum datang, this share already trading near 2008 crisis levels.

shows how much the market actually values this bank. They know that the credit there is somewhat lax compared to other banks. Why? like i said, they have nothing to stand out. Only way to get business is to throw price and throw credit.

KLCI rebound, SPX rebound,..ABMB bounce your mother leh..

bounce your mother leh....somebody triggered and angry liao...lose till angry already...

KLCI recover 1.11%, ABMB also continue to consistently trade lower by 1.43%

waahhhh rallly.....i made a wrong call! quick buy buy buy! buy before u missed it

skybursa AMBANK quarterly results increased 9.2% ABMB quarterly results drop 10% . AMBANK trading at PE 7.12 ABMB PE trade at 7.85. Overall AMBANK looks cheaper in valuation.
03/03/2020 2:09 PM



Shhh....dont tell him la, he only knows how to multiply and divide. Being able to calculate P/E ratios is a huge achievement for him ok?

I think jerawat boy needs to grow up.

suddenly sohai icon so quiet. Maybe digging from his EPF savings.

Personally don't think there will be a cut today.
But will definitely have another cut this year.

https://www.theedgemarkets.com/article/bank-negara-malaysia-2017-gdp-growth-59

KUALA LUMPUR (Feb 14): The Malaysian economy, as measured by gross domestic product (GDP), expanded 5.9% in the fourth quarter of 2017 (4Q17) from a year earlier, driven mainly by private sector demand with support from the external sector.

In a statement today, Bank Negara Malaysia said 2017 full-year GDP grew 5.9% on year compared with the 4.2% expansion in 2016.

FAKE figures.
=)

i3lurker, perhaps you can share with us where u get the figures showing big banks in Malaysia spending rm 100 million JUST ON A4 paper.
Show us the truth pls.

https://www.theedgemarkets.com/article/bank-negara-malaysia-2017-gdp-growth-59

KUALA LUMPUR (Feb 14): The Malaysian economy, as measured by gross domestic product (GDP), expanded 5.9% in the fourth quarter of 2017 (4Q17) from a year earlier, driven mainly by private sector demand with support from the external sector.

In a statement today, Bank Negara Malaysia said 2017 full-year GDP grew 5.9% on year compared with the 4.2% expansion in 2016.

FAKE figures.
=)

i3lurker, perhaps you can share with us where u get the figures showing big banks in Malaysia spending rm 100 million JUST ON A4 paper.
Show us the truth pls.