Icon8888 Sochai lost money until so angry
29/02/2020 9:02 AM

whos the sochai? sochai calling ownself sochai? dont call yourself sochai la, call yourself sohai.

Based on my comment Feb 2019 to Feb 2020, from 4.20 to 2.31, return would generate 45%

Based on your recommendation nov 2019 to end feb 2020, your annualized return would be down 60%

But help save your face abit la, you only tend to annualize profit, but not losses. Still, your return from 2.85 to 2.31 is currently down almost 20%

still??? aiyah..safe la boy..dont worry..long some more.

are you a disruntled old man who was sacked by the financial sector? dead weight employee.

suddenly say 2.31 safe? didnt you say it was safe and first class management since 2.90 level?

at current level its down 20%

First class analysis

(Icon) Alliance Bank - One Off Provision Affected Previous Quarter Earning. Time To Buy On Weakness
Author: Icon8888 | Publish date: Wed, 13 Nov 2019, 10:24 AM

A good stock is one that provides reasonable return with minimal risk.



Most of the time in the past few years, Alliance Bank traded above RM4.00 per share. It is now trading at RM2.85.

nah, its just idiots like you, not happy with facts, hence allege that i am sacked employee.

What i said back in Feb 2019 was SPOT on and will continue to apply.

Stock: [ABMB]: ALLIANCE BANK MALAYSIA BHD

Feb 28, 2019 10:58 PM | Report Abuse

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.

Below is my first comment about Alliance Bank back in Feb 2019 when the counter was trading at 4.20.

I still hold my view firm that this counter will continue to deteriorate. This counter will only be considered "undervalued" if it trades below 2.00 ASSUMING that performance will continue to hold at the current trend, and not being hit by further NPLs.

Stock: [ABMB]: ALLIANCE BANK MALAYSIA BHD

Feb 28, 2019 12:09 AM | Report Abuse

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.

and? and you couldnt answer anymore but yet trying ever so hard to save your ego?

by doing so, only serves to embarrass yourself further?

average yearly net profit growth from 2013 to 2019 only at 1%.

aiyooohhhh....so clever la this icon kindergarden boy...announcing to the world he knows how to multiply and divide , and calculate ratios. *clap clap* sooooo clever...

but when asked on how to justify, dont know how to explain the meaning behind the ratios. no comparison or analysis made.

just know how to CALCULATE RATIO WORRR....SOOO CLEVER LA THIS SOHAI.

Lose money? whos the one losing money now? Am i long in abmb?

dont come and talk about what you seen. There are plenty of dead weights (employees) in the banking sector. Whats the point of seeing it when you actually did nothing but only contribute to weigh on your organization further? only to get fired?

Witnessing events and having substance to contribute and withstand crises is 2 different ends of a matter.

sohai talking about 10 years ago.

how has ABMB grew since 2011?

3 quarters cumulative profit as below:

2020 326,206
2019 425,821
2018 380,357
2017 394,735
2016 392,190
2015 437,511
2014 405,535
2013 399,220
2012 380,125
2011 324,130


you really expect growth? is this abmb's vision of wawasan 2020? to contribute lowest net profit since 2011? and now you still want to say its cheap? P/E is low and will continue to trend lower is because market isnt expecting the E, which is earnings to grow further in the future, hence the low P/E.

dog dog bark please..bark.

day before say lets see how ABMB will perform by end 2020, 1 day later say willing to hold 2 years,

typical dogs, when losing money, say hold long-term for long term investment.

then in the end say didnt lose money but average return per year less than 1%

dog icon couldnt justify with facts, now calling others to go tanjung rambutan?

what happens next? want blame others cursing your dead mother?

alliance Net Profit

2019 537,597
2018 493,228
2017 512,123
2016 522,038
2015 530,780
2014 538,123

took 5 years to achieve net profit of 2014. with P/E ratio of 8, you still dare to say cheap? do you even fkin understand the meaning of P/E?

RHB latest 4 quarters YOY profit on average up 7.7 % each quarter
ambank = 23.7 %
Maybank = 0.80%

alliance? DOWN 18% on average YOY for past 4 quarters.

sohai talking say cheap. Throw acronyms P/E, P/D, DY.

dog bark please.

since you so smart, answer all 3 ratios lor. your whole investment decision based on 3 ratios? can u even explain on the 3 ratios as to how u conclude alliance is cheap?

or you want to bring in currency again?

dont you even dare talk about currency with me.

annualized P/E of 8 cheap? do you even know what does P/E of 8 even mean? More so, its annualized, not full at the point of time.

DY? Maybank has higher DY

PBR? tell us your comparison on the PBR.

Sohai buying since 2.70 cry mother cry father, ownself curse own mother die, then blame others.

u think by throwing acronyms makes u smart when u cant even make a comparison and justfiy the ratios behind it.

what portfolio exit due to currency concern.

If MYR is comparatively cheap compared to foreign currency then MORE investors should come in. Worried about MYR depreciating further? theres a thing called currency hedge.

sohai dont talk shit please.

of all things that u can mention, coronavirus, trade war, policital uncertainty...you pick currency..sohai really sohai

Icon calling others sochai, but i call him sohai because until today he couldnt answer when asked how did he conclude that alliance bank is undervalued.

year on year every quarter perform worse than year before. On average every quarter perform 24% worse than year before. Yet quarter on quarter increase, cry mother cry father.

every single bank in malaysia, profit holding steady if not perform marginally better than year before.

annualized P/E 8.2 cry mother cry father once more. Just look at RHB, Full actual P/E 8.97, quarterly profit year on year for past 2 yrs has been upward trend. yet it share price has been holding steadily.

RHB with such a big franchise, and steady income growth also havent cry mother cry father, you all cry til like your mother and father will FLY along with alliance bank.

LOL

Buy more please.

with annualized P/E of close to 10. What it means is that it will take 10 years of profit in order for you to break even on your investment.

in 10 years, time not sure if alliance will still be around. LOL

Icon please share how you derived your conclusion on abmb being fundamentally cheap?

Suddenly all the gung-ho pro -alliance supporters went silent when presented with facts and figures.

never had alliance achieved a net profit of RM 190 million in a quarter.

NEVER.

you all expect profits to maintain? you all expect dividends to stay constant? First half 2020, net profit already 84 million behind compared to last year. If you expect dividends to maintain, then you are projecting that the following 2 quarters this year to have a profit of 190 million and 154 million each.

Good luck

Icon, what end of the world are you talk about. I don't remember seeing anybody saying alliance bank will bankrupt.

What we are all saying, is that there are no growth catalyst. What's worse is the steady drag in income.

The only constant/consistent thing about this stock is the rising trend in payout to top management as well as, senior management.

net profit CEO and Director's remuneration
2019 537,597 / 14,305
2018 493,228 / 13,272
2017 512,123 / 14,118
2016 522,038 / 13,404
2015 530,780 / 12,076
2014 538,123 / 12,973

in 2018 A.report, 2017 remeuneratin restated/adjusted lower.

aih kerja buta for you all only.

Segment Results/profit
Investment Banking
2019 (33,377,000)
2018 (837,000)
2017 (5,597,000)
2016 (10,988,000)
2015 (13,911,000)
2014 (737,000)

Consumer
2019 80,543,000
2018 142,387,000
2017 161,166,000
2016 149,886,000
2015 161,879,000
2014 224,369,000

Biz Banking
2019 409,365,000
2018 357,110,000
2017 350,381,000
2016 333,531,000
2015 342,906,000
2014 351,530,000

Tuan2 dan puan2,

Tak payah la bising2. Tengok je la annual report dia.

1.)Why do they want to sell the investment arm? 2.) Who says they are relying on their stable consumer business/deposits? Their deposit usually 3 months, 6 months..if any bad news also run la. Besides alot of their so called "floating stable" deposits are in their smart home loan account, which can be withdrawn any time.

Segment Results/profit
Investment Banking Consumer Biz Banking
2019 (33,377,000) 80,543,000 409,365,000
2018 (837,000) 142,387,000 357,110,000
2017 (5,597,000) 161,166,000 350,381,000
2016 (10,988,000) 149,886,000 333,531,000
2015 (13,911,000) 161,879,000 342,906,000
2014 (737,000) 224,369,000 351,530,000


Investment banking result making teruk, consumer pon tak nak layan dah. No choice but to bank on risky SME.

Tell me, who the h*ll wants to buy their investment banking arm?

Choivo,

Agree. But alliance bank IS WITH AN INVESTMENT BANK/ARM.

A loss making and pathetic one. Hence dragging on the group's already pathetic profit and management.

Btw HLB and PBB has a good IB team, a much better one that what alliance have.

That is why they are looking to sell a loss making unit, which nbdy wants.

means what?

dont bullsh*t, just buy ok! GOOD STOCK..SUPER UNDERVALUED...BUY BUY BUY

you are right value88. Buy more please, dont wait already.

share price is sinking*

Problem with this bank is the management (both middle and senior) and business model. Untill their staff ranking with VP and above been totally cleared out/restructured, simply no catalyst for this counter. Most of them are just here to weed the organisation out (high pay, decent bonus, share options). That is why the share prices are sinking.

https://www.glassdoor.com/Reviews/Alliance-Bank-Malaysia-Reviews-E1010871.htm

-This was a good company to work for if you aren't interested in moving up the ladder.
- Not really friendly colleagues, a lot always like to say they dont know anything and not willing to help or teach.
-No work life balance
-1 person’s job, 4 person to monitor.
Business force getting smaller & smaller.
While the “policeman” getting more & more. Everyone wanted to join there & catch you.
-the company structure is weak and not organize
-Slow internal processes and resistant to change
- Management politics...doesn't care about staff
-Management direction, style and strategy changes constantly, and front office employees are not rewarded competitively. Top front liners usually leave the bank within a year or two of service

Did some homework for you all. Look at the feedback from their current/former staff. Is it consistent with what i had said earlier?

Good luck investing with this "Growth bank"

when OPR hike 25 basis points, their lending cost hike 25 bps. When OPR decline 25 bps, they decline 15. Twice they did that. But with the recent cut, they did not dare. Why? because BNM taikor looking closely at them. So unethical. Should this yr cut another 25 bps, see how their lending margin squeezed further.

good. buy buy buy...buy more holland please.

Jonathan dont talk rubish and contradict yourself pls.

1st u say LDN biscuit defaulted on loans from SEVERAL BANKS, 2nd u say ABMB early to write off and hope for writeback.

If LDN biscuit can default on loans from so many larger banks, what makes u think LDN biscuit can repay one special bank which is ABMB? pay also pay bigger bank first la why pay you.

then u telling everybody commercial banks deposit guaranteed by PIDM. OMG LIKE DUH, BUT HOW MUCH IS GUARANTEED? IF ALL COMMERCIAL BANKS DEPOSIT IS GUARANTEED BY PIDM, WHAT MAKES ABMB MUCH STRONGER THAN THE LIKES OF MBB WHEN BOTH ARE GUARANTEED? OMG...FULL OF SH*t

what kitchen sinking exercise u talking about? bad loan is bad loan. no kitchen sink. Interest margin is 1 to 2 %

bad loan u lose 100% of notional.

Buy more please. Ignore the allowance for credit losses

As I have said previously. Great major shareholder profile. But management......u judge yourself.

Please buy and hold. Jgn cakap aku tak cakap.

triple top pattern forming, with neckline around 2.74. Break below 2.70 and u will see it accelerating lower. Come end november if financial results not good, then u will see it giving a reason for it to have a go at 2.70.

What makes you think LDN biscuit has been factored in?

Just put yourself in the bank's employee's position. If you know this year no matter how hard you work to meet your target, yet the bank as a whole is not gonna perform well, do you think you will push hard to meet targets this year?

Dont forget, this is only first quarter. You try hard to exceed your target, if you can meet, your bonus will be poor, because bank as a whole not performing. Worse still, because you exceeded your target this year. Your next year's budget will be based on an increment on top of WHAT YOU HAVE ACHIEVED this year, and not your this years budget. Think la ADUH

i really dont understand. Just click on financials tab. Go to net profit. Please tell me at which time they reported a NP of 76 million for that quarter? As far as i can see, they have not reported such a low profit, not even since 2010.

KLCI up, S&P 500 up. ABMB barely nudged. In fact edging lower. What cannot go up when its broad risk is up, then u should only know how it will react when broad risk starts to turn.

like i said, their concentration of loan is on SME and profiles which cant get loan from other banks.

look at the article i just shared above, that is only one of it. When the economy starts to slow further, u will see how it starts to hit them further.

LOL. stncws continue to buy more and average down pls

https://www.theedgemarkets.com/article/alliance-bank-earnings-squeezed-london-biscuits