mantle should be mettle.Regards.

@meisarel,@Maceve agreed.The new Chairman should demonstrate strong and visible leadership when the company is facing turbulent times like presently.Tide waits for no man.
2.A ship anchored in the harbour is not what it is meant for when it was built.Should be put into the high seas and faced each turning waves one after another.Will emerge stronger and unscathed after undergoing through the turmoil.Once it is over then can clasped the hands that the ship has a good and capable ship captain supported by able sailors.
3.Gogogo,Azhar shows your leadership mantle.

Still waiting for the moment of eventual decision.When it will come.Wondering and wandering now....:-(((

Today,basing on the Technical Price Charts,the stock is presently quite bullish.
2.Both the MACD and RSI stochastic charts are supporting the strong trend and momentum move for the stock price towards the upside.
3.Histogram(MACD -Signal Line) gives a positive reading of 0.0207 which show positive momentum support for the stock price.
4.Likewise the Relative Strength Index(RSI) stochastic chart(14,14,3,3) is showing the %K line above the %D line(or The Signal Line).RSI reading is at 26.7747 in the neutral zone after coming out from the oversold situation.
5.Hopefully next week the EMA 10 will cross upward and crossed the EMA20 line.If that can happen is a Golden Cross crossing.Them wakakaka...
Outcome: Holders of the stock is watching whether the stock price can break through the 4.50 barrier today-towards the closing of the trading.Me keeping my fingers crossed.

Hope the price momentum upwards can be maintained and sustained further.Can perform better.Gogogo AMMB.

Smile:-)))

@Alex Foo, Net interest margin or NIM denotes the difference between the interest income earned and the interest paid by a bank or financial institution relative to its interest-earning assets like cash. ... Meanwhile, a higher NIM would increase the profitability of the lender.
Hope the information is useful.I am just back after the meeting today;-)))

Today,GKent was up by 3.0cents with increasing volume as compared to previous one-week trading volumes. Which is good sign.
2.Further supported by the MACD(12,26) line which just crossed the Signal Line(in red colour) which signals buying(or accumulation) with good price momentum support.Also the %K(14,14,3,3) line is above the %D line on the stochastic chart and in neutral zone.
The EMA10 line is rapidly closing on to the EMA20 line on the Technical Price Chart which if it happens will further enhance the price moves.Waiting to see whether the is a golden cross event on the price trend and moves...

Hopefully with such positive technical indicator the counter can move higher and reached the ex-price after the subscription issuance.:-)))

@meisarel;@Daily8 but the reality is that the BODs was the one that decided earlier on Z suspension from his duties.That is a smack on his reputation(as reported).
2.So if Z is reinstated there will still be lingering dissension within the BODs and Z unless the present BODs is revamped and replaced with new members.Then with Z back the company with the new Chairman can start from a clean slate.
3.Now the company is caught in the rock and hard place.
4.Such saga should have been dealt better and well managed to contain the unfavourable market's perception on the company which will take some time to resurrect and recover the battered image.
5.Market will be watching closely for further development from the company.How they resolve the DI will also be an interesting case study.

This stock price has been down for the past two trading days.
2.Probably,because it has been in oversold situation and there is a shakeout of weak holders for the stock.Can be discern from the momentum moves and price trend on the RSI stochastic chart.
3.The MACD line(12,26) is still positive and likewise for the EMA 10 line which is above the EMA 20.
4.Possibly after this period the price will be able to reverse the trend.There is still some lingering price momentum support.

Just to share:-)))

International Financial Financing Reporting Standard 9 (or IFRS9 in brevity) or MFRS9 ((The Malaysia equivalent) will come into force at the beginning of 2018.With this new and drastic change in methodology banks will be required to switch to an expected loss model,as opposed to the incurred loss model they now used under MFRS 139.
2.Thus given such change banks will see a jump in provisions,which would hurt earnings and weigh on their capital ratios and potentially affect dividend payout.
3.But on the other hand,Malaysian major six banks including AMMB are quite well capitalised,so it is not going to be an immediate concern.The only thing here is the impact on profitability subsequently.That's the main concern.
4.AMMB which has a March 31 financial year end,will transition to MFRS9 only on April next year.According to CEO Sulaiman the impact on its CET-1 is expected to be neutral.Also he commented that it is too early to predict reliably on the impairment upon IFRS9 adoption.He further added that its bank capitalisation is more than adequate and AMMB would strive to maintain a consistent dividend annual payout.

Decisive and strong leadership is lacking in such GLC-linked company, and more so from one which is a political counter.They are beholden to their political master(s) who appoint them to be in the chair.That is the liability and not an asset.
2.The longer such matter drags on will not engender institutional confidence that the company can act independently and respond effectively to market's expectations.
3.Will be good if FGV can be detached completely from undue political meddling and wrangling.Commercial decisions normally do not jive with what the political master wants.


Still waiting...

Gogogo Ambank.Time to fly and do the catching up.Price momentum is gaining strength and possible chance can break past 4.40 during the closing;-)))

Read- http://www.theedgemarkets.com/article/stock-momentum-petron-malaysia-refining-marketing-1

Malaysia and Indonesia must work closely together to counter the offensive from the EU strong lobbyists.But so far they have failed after so many years of such tussle.Where are our shortcomings...
Read- http://www.themalaymailonline.com/money/article/under-eu-attack-top-palm-oil-producers-rethink-trade-strategy

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

AMMB HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19 Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
1 05 Sep 2017
945,500
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd, Employees Provident Fund Board
Address of registered holder Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Direct (units) 295,037,837
Direct (%) 9.788
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 295,037,837
Date of notice 06 Sep 2017
Date notice received by Listed Issuer 08 Sep 2017

Huhuhu... so long as the fundamentals for the company did not improve the price will hover within a narrow range.There were still a lot of hard work that need to be put in to resurrect,rejuvenate and revamp the structure,operations,management,corporate governance of the company.-:(((
2.Presently,the price has ticked up after the appointment of a new Chairman.:-)))
3.The price will move further up once Zakaria is reinstated to his previous position.But it will not be smooth sailing for him because of past decisions that affect him that were made and decided by the BODs.Human nature:-(((
4.After all these feel good factors have been made the price performance will go back to the financial figures,bottomline and fundamentals.To command premium price in the market show your hands...that is the reality!
5.The price will move further up near to the GE-14 as this is a heavily-infested political stock- whether this year after the October budget or early next year.:-)))

Outcome: After all have been said and done,it is still the fundamentals of the company that will move and support the stock price.Nothing else,that is going back to the basics.

@TORTOISE ,yeah you are right.Seemed like consolidation is over as shown by the various Technical Chart Indicators today.
2. The MACD line(12,26,9) has just crossed the Signal Line(red colour) today and that is good.Portend strong momentum support for the price to move higher.
3.On the RSI stochastic chart(14,14,3,3) the %K has also crossed the Signal Line (%D).
4.That together can confirm the price consolidation is over.Time period for AMMB to move higher.No reason to stay put.

Outcome: Hopefully,can see green shoots from the counter.Smile:-)))

Investment Bank Analysts' Consensus Recommendations on AMMB stock
(Source: The Financial Times,UK)

Latest
Buy
2
Outperform
6
Hold
8
Underperform
2
Sell
1

Just for an update.Cheers:-)))

It is ridiculous when the offer price to take over Wiilowgen is lower than the market price!
Read- TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

WILLOWGLEN MSC BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description WILLOWGLEN MSC BERHAD ("WILLOWGLEN" OR "THE COMPANY")

RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD ON BEHALF OF NEW ADVENT SDN BHD ("NEW ADVENT")
The Board of Directors of Willowglen (“Board”) wishes to announce that Willowglen has on 12 September 2017 received a notice of unconditional mandatory take-over offer (“Notice”) from RHB Investment Bank Berhad on behalf of New Advent (“Offeror”) to acquire all the remaining ordinary shares in Willowglen not already held by the Offeror and its persons acting in concert, amounting to 109,500,093 ordinary shares in Willowglen (“Offer Share(s)”), representing approximately 45.0% of the total number of issued shares in Willowglen (excluding 4,673,400 treasury shares), at a cash offer price of RM0.80 per Offer Share.

A copy of the Notice is attached herewith and will be posted to the holders of the Offer Shares within 7 days from the date of this announcement.

This announcement is dated 12 September 2017.

Read- http://www.theedgemarkets.com/article/willowglen-share-trade-be-suspended

http://www.theedgemarkets.com/article/recent-cpo-price-uptrend-unsustainable-says-morgan-stanley

http://www.thestar.com.my/business/business-news/2017/09/12/aminvestment-bank-wins-best-sukuk-house-award/

What has happened to this stock trend and move?
2.The MACD line has crossed the Signal Line on the MACD chart this week and should have portended good price support momentum for the stock price.Also last week the RSI has crossed the Signal Line on the RSI stochastic chart.
3.But last two trading days this week the price is going down?Sigh:-(((

@Junichiro konnichiwa.
2.Not possible for any party or group to try to prevent the price from going up.Market forces are greater than any attempt to distort the price trend and moves.More so for a banking counter.
3.Time again has proven that such attempt will normally fail.

Hopefully the MACD line will cross over the signal line on the MACD chart to signal buying by this week so that a positive price reversal upwards can be maintained and sustained.

Major Top Ten(10) Institutional Shareholders in AMMB.(Source from The Financial Times,UK).

Institutional shareholdersTop holdersMovers
19.18%

Per cent of shares held by top holders
Holder Shares % Held
1.Permodalan Nasional Bhd.
AS OF 30 JUN 2016
215.70m 7.16%

2.The Vanguard Group, Inc.
AS OF 31 JUL 2017
67.86m 2.25%

3.Kumpulan Wang Persaraan
AS OF 30 JUN 2016
53.10m 1.76%

4.Dimensional Fund Advisors LP
AS OF 30 JUN 2017
51.70m 1.72%

5.Mondrian Investment Partners Ltd.
AS OF 30 JUN 2016
45.77m 1.52%

6.BlackRock Asset Management North Asia Ltd.
AS OF 31 JUL 2017
34.29m 1.14%

7.BlackRock Fund Advisors
AS OF 03 AUG 2017
31.58m 1.05%

8.GIC Pte Ltd. (Investment Management)
AS OF 30 JUN 2016
29.42m 0.98%

9.Public Mutual Bhd.
AS OF 30 JUN 2016
24.48m 0.81%

10.AIA Bhd.
AS OF 30 JUN 2016
24.31m 0.81%

Hope that gives some insight to forumers.

Cheers,and hope the stock can move positively and ignoring all the skeptics out there:-)))

The last Friday trading session surprised on the uptrend momentum with a price change+3.0cents and with a healthy volume of 1.313 million units.
2.The %K at 34.7529 and above the Signal line(%D or Red Line) on the Stochastic Charts(14,14,3,3,9) is giving a strong buy signal.
3.The MACD line at -0.035 is closing and converging very fast on the Signal Line on the MACD chart.When that happens by converging of the two lines by next week expects a strong price recovery.
4.Probably such stock moves is foreshadowing a bullish price trend for the battered stock.

Hope the price recovery can be sustained and maintained moving forward this time barring any adverse global news development.

Just FIVE(5) top things that need to be done to resurrect and rejuvenate FGV:
1. Have competent persons who know about the plantation industry and business to be on the Board.Will be good if the BODs comprise of new candidates of calibre,competent,professional and have proven expertise on the plantation industry business.Have a clean slate so that the new dynamism can be injected into the company;
2. Have top management personnel on the plantation business-operation-downstream and upstream appointed basing on merits and proven field of expertise.So that improved and competitive ROE,EPS,DY,PAT can be realised from increasing revenues;
3.Monetise on all non-performing assets so that more money can be accrued for replanting of palm tress which are generating very poor yields;
4.Keep the running of business free of undue political interferences.FGV is closely linked to Felda which come under Prime Minister Office(PMO).Re-negotiate on the LLA with better terms and favourable to FGV;
5.Resolve all the FGVs' unwanted and inherited legacy issues.Otherwise it is still an elephant in the room.

Need to say more...:-(((

@heata no,we did not overlook anything.
2.It is all in the Technical Price Charts.The charts will chart the daily moves of the stock.Selection of the time period whether 16 days(EMA 15 or MA15),25days(EMA25,MA25),50 days(EMA50,MA50),250 days(EMA250,MA250) will give the price trend.Presently,caught in the consolidation phase.Hopefully when that is done the price reversal upwards can be seen.Cheers:-)))

Great @JadeShchira you are back here.
2.We aslo have @casanwk who is providing regular update on price moves for the AMMB stock which is helpful.Agreed now the price for the stock is undergoing consolidation.Once that is done-not too far away as shown in the RSI and MACD charts then the EMA 250 on the price chart will also reverse upwards.When that happen the price reversal on the upside will be strong and well supported.
3.Four(4) days ago,the new low low was tested but strong buying support repelled the moves and the resistance level was intact.
4.Stay on course and quite confident that the price on the upside is long overdue.
Cheers,to all forumers who owned the stock:-)))

Hopefully tmrw share performance for AMMB can surprise on the upside.Time to move higher.Good night and have a restful day.Zzzzzzzzzz...

Another positive and calming development on the North East Asia geo-political saga involving NK,US,China,Russia,SK and Japan.
2.With such collection of news flows on the positive side the global uncertainty hopefully can be contained and mitigated.Let's sanity prevails.
Read- https://www.bloomberg.com/news/articles/2017-09-07/putin-moon-see-trump-as-willing-to-defuse-north-korea-crisis

Another good news from ECB.Another uncertainty on the direction of ECB monetary policy can also be removed.With such news flow coming in September it helps in lifting and boosting markets' sentiments.Low global interest rates is good for global equities.Risk is back barring any negative news from North East Asia.On the 9 September 2017, North Korea is marking the anniversary of the country's founding day.
Read- http://www.themalaymailonline.com/money/article/ecb-keeps-key-interest-rates-unchanged

On uncertainty on US equity markets at end September 2017,can be removed with such consensus reached. Read- http://www.freemalaysiatoday.com/category/business/2017/09/07/trump-backs-democrats-on-debt-limit-in-rare-bipartisan-deal/

On the same subject matter.Full transcript.
Source- http://www.freemalaysiatoday.com/category/nation/2017/09/07/felda-has-rm12-6-billion-in-acquired-debts-claims-rafizi/

Presently,the steel counters are "red hot" on Bursa market. Why not changed to anyone of the listed Top Three selected steel counters named here- Southern Steel,Ann Joo,Masteel. There is still a lot of upside for the stocks.One can read also a lot of shared posts make in those counters' forum.I learnt a lot from many of the learned forumers who are so willing and sincere to share.Good luck.Cheers:-)))

Latest news regarding Felda debts and obligations.Qualifier- the appended article nothing to do with FGV but interesting to know.Thus if the Rafizi analysis is correct and true then Felda seriously need the needed cash flows from FGV.Both are akin to Siamese twins.
Read from source- https://www.malaysiakini.com/news/394439

If basing on the current Technical Price Charts-MA,MACD.RSI,stochastic the price is trending sideways.That is price stays unchanged,or move up and down with -+ 1-3 cents.Why sideways when the Financial Fundamentals for RCE were good?
2.Using the charts as a guidance- the MACD line has just crossed the Signal Line and the RSI line is still hovering below the Signal Line for quite sometimes already.Hopefully the two lines MACD and RSI(in blue colour) can move upwards above the Signal Line(red colour) by the later part of next week.
3.If that happened then probably we can see some upside on the price from the current level.
4.Technical Price Charts help in making decision - Buy,Sell or Hold.

Stay focussed.

Do read the latest summary of the analysts consensus on AMMB from The Financial Times,UK.
Source- https://markets.ft.com/data/equities/tearsheet/forecasts?s=AMBANK:KLS

Hope the article can re-assure many jittery investors for AMMB.Hopefully tomorrow can gap up on the surprise:-)))

Read just for an update- http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

Read just for an update- http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

Read just for an update- http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

Read just for an update- http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

Read just for an update- http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

@nicky just to share.Net Tangible Asset(NTA) or Book Value(BV) is 5.420.
Market Capital (RM)
: 12.991b
Number of Share
: 3.014b
EPS (cent)
: 44.12 *
P/E Ratio
: 9.77
ROE (%)
: 8.14
Dividend (cent)
: 17.600 ^
Dividend Yield (%)
: 4.08
Dividend Policy (%)
: 0
NTA (RM)
: 5.420
Par Value (RM)
: 1.000

@JJchan,ANZ cannot just dispose their present equity stake in AMMB in the open market.
2.For such disposal they have to get the consent of the Central Bank which is Bank Negara.They also need the support of Azman Hashim as the next second largest shareholder in AMMB.
3.ANZ previously bought the stake at~ 1.97 book value.
4.When in share investing one has to keep the emotion under control.Whether in bullish or bearish time for the stock.Keep the mind focussed on the stock that you have invested after doing own read-up about the company.
5.To get the correct picture,read the archived news report on the matter.
Read from source- http://www.thestar.com.my/business/business-news/2016/08/27/anzs-limited-options-for-its-ambank-stake/

Good and great closing today.Cheers to all Alcomates.Hope the positivity continues tomorrow and onwards.Smile:-)))

My analysis is only as a guidance.The choice to sell,buy or hold is not mine.
2.The money is yours to make.So the decision is all yours to make.
3.The qualifier is that there is NO adverse global event arising that will upset or derail the price trend.
4.WE hope every Alcomates can make some decent capital returns or gains from their investment.
Cheers and sharing is good.

@MayJun for being the positive light for all Alcomates.Hope you can continue to cheers us up when the stakes or chips are down.
2.Stock price moves up and down is quite normal.
3.But as punters and investors we cannot be overly emotional and got carried away.

Cheers for a better days ahead:-)))

Basing on the Technical Price Chart from RSI(14.14.3,9) stochastic the %K line is moving ahead of the %D (The Signal Line).From here we can infer that the price for Alcom has hit bottom and the RSI chart is giving an early buy signal today.Normally the speed and momentum moves from the RSI chart will move ahead of the price trend.
2.Also the MACD line is slowly converging on the Signal Line at -0.0336.When the two lines meet the buying momentum will be even stronger.

Hopefully the stock price can stay on the upside and trend upwards.

Yes,hopefully we can see the light of the day for all Allocates:-)))

@nicky well such price trend and move is very common to many Bursa stocks and shares.During price downturn holders of the stocks can get very emotional and throw.Conversely,when the price recovered investors wait and see.They are not sure whether the upturn is on and intact.That explained why down 30 cents but up only 3 cents.To know the market moves on the stock try to look it at one year time period.
2.Well,today Technical Price Charts give a stronger buy signal for the stock.RSI stochastic reading on %K is firming up and moving ahead of the %D(The Signal Line). Likewise MACD line is slowly converging on the Signal Line.The difference between the two is only -0.0299.
3.Today bought at 4.34 to average down my price.
Hopefully when day by day the buying momentum is gaining strength and pave the way for firm recovery.
Cheers.

Today,on the stochastic chart has given the signal to Buy.It is based on speed and momentum on the stock moves which moves ahead of the price.
2.Appended an article for interesting reading- http://www.smh.com.au/money/investing/urgency-and-emotion-the-two-biggest-time-wasters-in-investment-20170904-gyaquf.html