dont understand.
despite my points, you all still buy. Now exposed to london biscuit loan

no idea what kind of breakout are you talking about. The only breakout u will ever get is pimple breakout due to stress when ABMB continues to tank. There is no upside catalyst for this counter.

Freddiehero,
Since you so sure, can we hold your words for it?

I may be wrong, but researchers definitely need to look into this before churning such reports.

"Meanwhile, Alliance Bank Bhd maintained its second position, outpacing its larger-cap peers with an overall score of 3.85. The SME-focused banking group has the second-smallest market cap among the country's listed banks. It scored the best in terms of deposits to funding with a score of 0.15. Joel Kornreich was appointed Alliance Bank group CEO on Jan 1, 2015."

Obviously not convinced. SImple logic like i said many times, WHO WOULD WANT TO BANK WITH ABMB?

The only time somebody would bank with them is when they THROW PRICES!

Now...Think...firstly who would want to deposit with them? secondly, how did they calculate the deposit? Is it average deposit on a monthly or quarterly basis? OR...Deposit outstanding as at end of reporting quarter/year?????

It is well known that tiny banks like ABMB often throw prices to large corporates for deposits which would cross reporting quarter/year to SHOW THAT THEY HAVE STRONG DEPOSITS.

Question, if a bank's loan portfolio mix starts to deteriorate(Personal and SMEs??), would large corporates still put deposit (lend to the bank)??? Would the bank have a stable and strong and "EFFICIENT" funding still in this case? ;)

oil up, oil down. So long as oil is above USD 40 per barrel, nothing to worry. Why?

Just look at their financials year on year. Revenue increasing consistently since 2012, NET PROFIT increasing consistently since 2012. P/E at 6?

For the first time in my life, I'm not worried about my MTM loss (Yes my average cost is above 1.00). The only thing I'm concerned about is how I wish i had extra money to buy more.

Yet people are convinced to buy stupid counters like ABMB which shows consistent negative growth in net profit.

Easy money only when u take profit or profit on this on a long term basis.

Just think about it,

Who in the world would want to do business or bank with ABMB? Let me ask you.
1.) Does ABMB offer better convenience compared to larger banks like MBB or PBB?
2.) Does ABMB offer better pricing compared to bigger banks who have strong infrastructure, deposits base and better talents?
3.) Does ABMB staff offer better service when their staff's are so demoralized and when turnover rate is so high?
4.) Does ABMB have more product variety compared to larger banks?

THINK ABOUT IT.

The only customers who would borrow or do business with ABMB are customers who cant get loan from larger banks.

Get it?

Hence, you deduce yourself as to how risky their loan portfolio is.

That is why they always embark on their SME "Strategy"

"Strategy"...HAHAHAHA

While shareholders cry, senior and top level management laughing their way out. after 5 to 7 years of high salary and bonus, now leave the bank and retire. So what's left behind? crying shareholders.

@Jeffreyteck,

delete your account please. No idea wth are u talking about. English so broken it made my eyes bleed.

kan aku dah cakap. During times of economic growth, ABMB's profit growth is either flat or negative growth. The last time it recorded this low quarterly net profit was in 2010. This counter will continue to slump. No upside catalyst. Toxic overpaid senior managers and top management busy playing politics. Still want to put all their eggs into SME biz.

I guarantee you this group of senior mgmt facing risk of being forced to resign. While doing so, some of them maybe cashing in on their share options.

latest 2nd GDP figures came in at 4.9%, but ABMB reverse pulak. LOL. The only way for this bank to recover is to get rid of all their senior and top management.

what big announcement?

will head higher? LOL
ARE YOU SURE U ARE FROM THE FUND INDUSTRY?

cksam,

are you sure you're from a fund industry? or u merely selling mutual funds part time?
have you not seen the latest foreign flow figures both both local bonds and equities?

trade war sentiment? and you promoting export based counters?! Heightened expectations of further U.S interest rate cuts and u say USD/MYR

cksam,
what makes u think usd/myr will break higher and hold at higher levels for a prolonged period?
export oriented biz in the midst of trade war?

this is the most silly and embarassing suggestion i have heard for months.

end of story means what? buy or sell??

Jaynetan, whats your take?

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 ;)

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.

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.

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.

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.

why so childish one? must resort to name calling. LOL

why don't you reveal yourself in person to OTB and tell him in person like a man? why must hide under a username?

Isn't this a forum for intellect discussion? Even if you have your disagreements, spill it out in a factual manner! why must resort to name calling?

apple168,


apple168 Brent price dropped from USD 72 per barrel to 60 per barrel, crashes about 20%! It is not surprising to see hibiscus share price adjusted to 0.80 per share, a drop of 20% of hibiscus share price.
07/06/2019 6:48 AM

You so smart laaa....

haha its ok. yaacob very angry based on his reply. wasted money for this SCR exercise, no access to one off lum-sum cash. Now have to go through board approval and wait don't know how many years to slowly collect money.

@Lovers,

Why you answer a question with a question? Whether i am interested to re-enter, yes. But at the right price and right time.

So why thank for the reject?

@ Lovers, then why do you thank for the reject?

@Thecontrarian, nice, i sold most at 1.00 and some 1.04. Do you intend to re-enter?

Lovers, you intend to buy some at 0.50 ?

@SuperKengReturns LOL

the investorking desperate for support.

@Qwertyuiop

"Negative goodwill (NGW) arises on an acquirer's financial statements when the price paid for an acquisition is less than the fair value of its net tangible assets. Negative goodwill implies a bargain purchase and the acquirer immediately records an extraordinary gain on its income statement." - investopedia.

Thank you for your enlightening me, Qwertyuiop.

I shall read a bit more on how it impacts the accounting books/accounting entries.

@jonbaby1234

you do realize that the 2018 whole financial year net profit has already been achieved by the recent cumulative 3 quarters of net profit? when it was announced last year the share was trading at around 1.00. Now that profit has been increasing and that NAPS has been edging higher, why should it gap lower?

Kindly share your thoughts.

@Qwertyuiop

Can kindly explain a little bit more on the negative goodwill that you mentioned please?

Please teach/enlighten a noob like me.

your help will be very much appreciated.

pussycats,

why? very hard for you to make money meh?

GG u all...HIBI TANK..BLACK FRIDAY...WOI...TALK LA...TALK MORE..

WOI....oil bears....WHY SO QUIET? SENYAP JE

Bouncingggg Now crude is 58

No wonder you lose money. Ppl looking at brent, you look at WTI.

Good. Tomorrow below 1, I will add. When crude was trading around 65 in Feb, Hibi was above 1.00.

Now crude 67+, below 1? Bargain! Hold 1 week +, can take profit for short term trade.

So Veron, answer me, how about you? What can you do apart from talking rubbish? How do you trade?

veron_teo,

Can please share if you have bought stocks at all? Or if any trading strategies that you have actually profited from? OR if you have even entered any position?

Buy on dips. Good opportunity. Added more today, will add more towards the end of this month (earnings release).

While short term volatility in crude oil prices will cause some fluctuation in share price, fundamentals (earnings) will ultimately prevail.


Earnings growth is consistent. Expect it to come circa RM 100 mil net profit for Q1.

P/E currently 5.50, Debt free, consistent and stable revenue/profit growth. Don't know where else to find this kind of stock. All other O&G stocks not that consistent, if any, they are trading at a P/E of between 20 to 36. (Eg. PetChem, PetDagangan, Dialog)

I don't care where the crude oil price is, so long it is well above $USD 25 per barrel, this stock will do well.

this veron_teo, full of rubbish. Kept talking trash but when confronted, keep quiet.

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.

This upcoming profit announcement will see better results. Moving forward even better, as crude oil prices remain resilient with a slight upside bias. Weaker MYR will also provide a boost to their earnings as well.

Not surprised to see it trade towards 1.20-1.30 level by end of this month.

any bounce will be a dead cat bounce.

HAHAHAHA

sell both MRCB and MAA? bark more? ive been holding both until today. Seriously, what are you barking about. I doubt you are even short on both the counters.

wow veron_teo, why are you still barking here? MAA you barked from 0.40 now 1.05. Then you deleted all your comments. MRCB you barked from 0.70 and you still there to bark here?

multi...im confused? 3,000 million = 3 billion or 3 million?

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

bought at 2.02, sold at 2.56. Thank you Pharmaniaga!

Will collect if it retraces lower again.

Appreciate for the clarification/update @ TheContrarian.

Cheers.

Shouldn't the report be available to the public especially to the minority shareholders as well?

Cipta, i feel that your comment did not break any rules and should not be deleted.

I had experienced similar incidence as well.

Anyway any idea when will the independent adviser be issuing their opinion?