Today AMMB stock moves somewhat confirmed that the price downtrend is over.Price recovery is in work now.
2.The %K reading is 3.9598 which is above the %D reading at 1.58438(Or Signal Line) on the fast Stochastic Oscillator and RSI.
2.Also the MACD line reading at -0.0400 shows it is slowly converging on the Signal line on the MACD chart.If that happens the price uptrend will be even stronger.

Outcome: Good for those forumers who owned AMMB shares.The selling is very much overdone.But hope the global development stay neutral and supportive of the global stocks and equities.

Basing on the Technical Price Charts-MA,MACD,RSI and stochastic the price will still hover at the low. Currently,no signal yet from the RSI or the MACD chart to start to collect or buy.
2.The big question now is why the company did not initiate Share Buybacks which was approved at the last AGM?
3.Or are they waiting for further slide in the stock price before buying and collecting.

Just to share.

@shortinvestor77 thanks for the latest news report.It helps forumers to use important information in their investment decision-making.
2.We anxiously wait to see how the stock price movement will be like tomorrow.
Tmrw price performance will help to further confirm that 4.27 is the lowest floor price reached.

Good luck:-)))

@meistk3134 I am not comparing Alcom with Pmetal.

2.True,PMetal is a pure aluminium smelting plant and the company paid up capital,revenues,etc is many times bigger than Alcom. Both are in different line of business.The former is on smelting raw material-alumina, from Australia in smelting pots to produce processed pure aluminium before it is further processed into ingots for exports.
3. I touched on Pmetal as a point of conjecture that Aluminium global price is continually peaking and Pmetal is on the rolls.
4.But whether with aluminium price still peaking and RM strengthening whether such developments are favourable to Alcom's profitability?.Recent QR showed that the higher PBT and PAT achieved is contributed by lower metal price and favourable exchange rate US-RM apart from higher revenue recorded.

@GeniusThinker for the LRT3 GKent -MRCB JV(partner 50:50) is the Project Delivery Partner (PDP) for the whole LRT3 package.Not as contractor undertaking the construction works for the viaducts,tunnelling ,track commissioning. Their role in this LRT3 project is similar to what had been undertaken by MMC-Gamuda as PDP for the MRT1 and MRT2 projects.
2.Apart from the LRT3 and part of the MRT2 system work JV with a Chinese construction company from China they had been awards two new construction jobs for hospital at Tanjung Karang and Putrajaya last year.
3.Hopefully such projects that had commenced can provide continuing income streams to the company and reflected on the coming QR figures.
4.Last year 2QR was on high base.Interesting to watch whether the coming QR y-o-y to be announced next month can best this financial performance figures.
5.The market trading trend and movement can give some early indication on the outcome.Normally,the market moves ahead of the QR announcement.

@JadeSchira Ambank had closed up strongly in the past.For example on 2March, 4 March and 28 April 2017 up by 30cts, 20cts, and 24cts respectivley.
2.Glad that today closing is positive at 1cts up.That is the positive sign even at a meagre 1 cent..
3.Can we say now that the 4.27 is the bottom price reached during this downtrend.
4.Hopefully tmrw and later part of this week the stock price has stabilised to prepare for the price reversal or recovery.

Just to share with all forumers who owned this share.Cheers:-)))

@James James presently,price corrections from the recent highs reached.
2.The stock is presently very bearish as supported by the MACD and RSI(14,3,3) chart readings.
3.Expects the downtrend to continue for awhile.

The Technical Price Indicators greatly help in decision making -sell,buy or hold.

@Lau Chong Ling the following information can help:

1. 7 cents per 1share unit is equivalent to 700 cents or RM7 per 100 units of share.
2.But if you owned 1000 share units then only the dividend received will be RM 70.00.
3. Likewise if you owned 10K units then your dividend will be RM 700.00 :-)))

Cheers,and quite a decent dividend payout on top of the appreciation in share price return.Regards.

Yes, if the current price support can be maintained and sustained towards the closing by today.That will be good and like what has been commented earlier an early sign of breakout or price reversal from the down trend.
2.Basing on Technical Price Charts at mid-day closing for lunch breaks:

i.Trading volumes or turnover were at 2.123 million units.
ii.The difference between MACD and the Signal Line is not much.Just at -0.0463.
iii. Basing on RSI (14,3,3) the stock is presently oversold.The %K reading is at 0.7930 which is slightly above 0.2643 %D reading. Normally,investors will look for an early sign from such reading or indicator.Speed and momentum basically moves ahead of price change.Thus this reading is one of the important indicators.

3.If the RSI reading can be maintained today it will be followed by the convergence of the MACD line towards the Signal Line on the MACD or PPO charts maybe during the trading this week or the week after.

Hopefully such positivity augur well and good for the AMMB stock.If maintained at the closing today can infer correctly that the price has hit bottom level during the down cycle.

Read on the latest update-http://www.theedgemarkets.com/article/us-envoy-says-north-korean-leader-begging-war-un-mulls-sanctions

Presently,the world is witnessing two leaders from USA and NK who were equally arrogant,tempestuous,boisterous and egoistic.
2.The firing and testing of missiles-short range and ICBMs and the detonation test of a nuclear bomb over the weekend by NK is all part of geo-political play.Thumbing the nose at the UN and also at USA and China.
3.IF either one were to act unwisely will bring the situation in North East Asia to the crisis tipping point with the breakout of wars between the contesting countries and their powerful superpowers backers.
4.Breakout of war can also happen accidentally if during testing of the ICBMs it accidentally mis-directed and landed in Japan peninsula, South Korea or hit of the warships around the area.
5.The best outcome will be if the contesting and disputing parties can sober down and let peace prevails.Unless such calm can prevail the global equities will be very volatile.Do lookout for the Volatility Index(VIX) .If it spikes then the world equities markets have been somewhat spooked by such not positive geo-political happenings.

Outcome: Now is the end of summer.In another three-four months onset of winter.Maybe during such cold and wintry months, calm,tranquility and peace will prevail,albeit temporarily for a short period.

IF today the AMMB stock price is maintained UNCHANGED at this level is already good.Today many financial stocks were down.But a number of Asian markets were up in the late morning session.

Yes,agreed @casanwk that the Exponential Moving Average 50(EMA 50) is in downtrend slope.It has happened in the period Jun and July 2017 and also like many other stocks and equities market moves and trend.
2.If today's price trend and momentum can be sustained then the stock has hit the low low end.Presently,on the RSI 14 chart shows the stock is presently oversold and at this price reasonably cheap.
3.The %K signal is trending above %D line on the Stochastic Oscillator chart in the morning.If the price support can be maintained then the price will somewhat recover by this week.

Cheers and barring any adverse geo-political event emanating from North East Asia.

View the chart: http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1015

Presently,the price drop is quite usual and normal for many other Bursa stocks and equities.

2.The next strong floor support for Alcom is at RM 1.17 if the price drop further.Hopefully not!.
3.Presently,from the RSI 14 chart and the stochastic show that the stock is oversold and the trading volumes have been on the lows which can be supportive of the price.
4.Hopefully barring any negative geo-political drawbacks the stock price should be able to recover somewhat.
5.Today PMetal- our country largest smelting plant operator in Sarawak is up by almost 17cents in the early morning session and top by big volumes.One of the booster is that the LME Al price has now breached above US2,120-2,132 per tonne.

View the chart: http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=2674

Latest Nikkei Futures up by about +20points.Hope the momentum can be sustained for tomorrow opening.

Presently, the technical price indicators do not support any price reversal towards the positive after the recent sell-down just after the 2QR.
2.On the price charts,the short term SMA15 is moving way below the long term SMA 26.Will expect some further downside on the stock price to come.
3.The MACD momentum chart showed weak price support trend and movement.The MACD line is way below the Signal line.
4.And the stochastic and RSI 14 charts confirm the weak price support as above..As the RSI 14 line showed the stock is oversold recently.No signal for any buying yet unless the trading volumes shrinked during the present price weakness.
5.This is a laggard counter.During good QR like in 1QR the price does not move much from its low high reached as compared to other construction stocks like Kerjaya Prospek or Gadang where the price gains or booms.

Outcome: The stock price will consolidate for awhile and very dependent on the next QR and securing more new projects to replenish the contract on hands book order.Technical Price Indicators can help forumers or investors in buying or selling decision making.
Cheers and hope the North Asia geo-political risks stabilised.

@toypoodle the US equity market is closed for Labour Day holiday today.Will re-open on Tuesday.

China's equity markets were up fresh from the 20-months' high today.Hopefully such positive signal will generate positive sentiments in our local and oversea equities.

Read- http://www.themalaymailonline.com/money/article/china-stocks-end-at-fresh-20-month-high-despite-north-korea-nuclear-test#c4r5gZCeVgJzYiv0.97

1.Today the Asian equity markets were affected but not badly by the event in North Korea where it was reported that the despotic regime under Kim tested successfully the nuclear bomb over the weekend.Seemed that such dangerous and continual brinkmanship by North Korea against global's opinions and pressure will continue to roil the equities.
2.Without this event AMMB probably would have recovered from the lows reached last week because the RSI stochastic chart showed the stock is presently oversold and valuation is reasonably cheap.And that the trend and momentum is almost similar to the price moves three months ago.
3.Further development will also much dependent on how the geo-political power played out by USA,China vis-a-vis against this latest negative development.
4.Malaysia also reported a better and improved PMI figure above 50% over last month figure which shows the economy is in expansionary trend.

Conclusion: Fortunately,the latest economic data,figures coming out from USA and China will lend some support to their equities prices.And US market was closed today for their Labour day.

@azmi8800,Yes, you will receive the cash repayment amounting to RM 320.00 for every 1K Alcom shares you owned.Payment will be made to you on 11 September 2017.Provided that you did not sell those shares you hold before the ex-date as announced in the official circular.

Makes for an interesting reading by all Alcomates. During the long festival breaks good time for us to contemplate and reflect. The present geo-political tumult and uncertainty can influence the market price trends and momentum trajectory.Stay tuned like the last week event where the North Korean regime (under the maniacal and arrogant Kim) successfully tested the nuclear bomb.This time much bigger than the one they tested in 2006.
Read- http://www.marketwatch.com/story/the-dows-tumultuous-120-year-history-in-one-chart-2017-03-23

@Winz the stock activity presently is almost similar to the trading trend and momentum for the first half of the year.
2.Presently,the MACD line is still below the Signal line but still above the zero line indicating there is some price support momentum.
3.On the stochastic chart(RSI) can infer that NO sign yet of any reversal of the stock price towards the upside.The %K line is trending below the %D line showing that the price will not move up yet from the present level at -,+ 2.0 cents.The chart is presently in the neutral zone.
4.On the price chart the short -term moving average(SMA) is still above the long-term moving average(LMA) and the trading volumes were not high during the last week shortened trading period.
5.The company reported good PBT profits for the past two QR this 1H financial year.But many forumers are asking why the price did not perk up?

Conclusion: Expect the price to consolidate at this level for awhile unless the trading volumes perked up.The technical charts-MA,MACD,RSI,stochastic presently do not support any strong price uptrend.

@rich but what the global money and financial markets are anxious sis whether The Federal Reserve Board(Central Bank.For Malaysia is Bank Negara) will roll-back the quantitative easing(QR) in their coming meeting this month on 19-20 September.
2.If it decides to do so then it may roil the global markets again like a few years ago.
3.Any of such measure will cause the foreign funds outflows back to US.
4.Then the years of cheap and readily available liquidities that fuel the global boom in equities will be affected.May cause the downtrend of the local equity market.
5.Well watch for the further development and news flow from these important dates.

@meistsk3134 agreed that the price RM3.99 was on 15 Nov last year.
2.Very important to watch for next week trading.So long as the price RM 4.28 did NOT go down and BREACHED RM 4.25 reached on 2 Jan 2017 which is the resistance level,then we are safe.Otherwise the price will go down again until RM 3.99(the next lowest floor price) before rebounding.
3.If the price stayed put and strongly supported above RM 4.25 then the price will slowly recover to RM 4.50(TP1) before ascending to the next target price(TP2) level at RM 4.62 reached on 27 January 2017.
4.The Technical Price Chart trend last week is similar to 2 January 2017.
5.The long weekend break(31Aug-4Sept) for 5 days will help investors to reflect and calm down market nervousness on AMMB stock.

Outcome: The odds is towards price recovery barring any adverse global news development especially on geo-political tension/rivalry in North East Asia.

FGV's QR out.Read the appended post.Predicted correctly by AdCool.Make your comments heard.Read from source- http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5222

@Smart_Invest responding to your query on share re-purchase:
1.A share re-purchase is the transaction in which the stock issuer(the public listed company) buys back its shares from investors.
Also known as a share buyback.
Once repurchased, the shares become treasury shares (or treasury stock).
Share repurchases are restricted by regulations in some countries.
2.Motives for re-purchasing(buyback) shares include the following:
A.Signal that the stock is undervalued.
B.Flexibility of distributing cash without the expectation of cash dividends.
C.Tax efficiency when the tax rate on capital gains is less than that of cash dividends.
D.Offset share increases from executive stock options(ESOS).

2. Example 1:

The Company is planning a RM100 million share re-purchase. Its current stock price is RM25 per share, and there are 16 million shares outstanding prior to the repurchase. Earnings per share without the repurchase would be RM3 per share. What is the earnings per share under each of these two scenarios?
Scenario 1: Use idle cash on hand.
Scenario 2: Borrow funds at after-tax rate of 7%.

Scenario 1:
Net income = RM3 × 16 million = RM 48 million
EPSScenario 1 = $48 million ÷ (16 million – 4 million) = $4 per share.

Scenario 2:
Net income = RM3 × 16 million – (0.07 × RM100 million) = RM41 million
EPSScenario 2 = RM 41 million ÷ (16 million – 4 million) = RM 3.41 per share

When the market price per share is greater than the book value per share (BVPS), the book value per share of equity will decrease with a share repurchase.

3. Example 2:Continuing the Company example and adding the book value per share of RM20:

Scenario 1:Using cash
Book value = (RM20 × 16 million) – RM100 million = RM220 million
BVPS Scenario 1 = RM220 million ÷ (16 million – 4 million) = RM 18.33 per share

Scenario 2:Using loans at 7% interest per annum
Book value = (RM20 × 16 million) – RM100 million – RM7 million = RM213 million
BVPS Scenario 2 = RM213 million ÷ (16 million – 4 million) = RM17.75 per share

4. Summary:

A.Share re-purchases made with excess cash have the potential to increase earnings per share, whereas share repurchases made with borrowed funds can increase, decrease, or not affect earnings per share, depending on the after-tax borrowing rate.
B.Announcement of a share repurchase is sometimes accompanied by positive excess returns in the market when the market price is viewed as reflecting management’s view that the stock is undervalued.

Hope the information disclosed helps.

QR is out already.Excellent result.Read from source-http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2674

@helloworld123 you are correct and precise on AMMB valuation.Buy when others fear.Do deploy such strategy to win big bucks from the sudden temporary price down turn.Again needs to emphasise fundamentals are sound and intact.Cheers:-)))

Maybe the youtube appended on Warren Buffet on how" To invest intelligently", will help many.Guidance and wisdom from him will be helpful for many forumers.Other videos on similar topics can be viewed from the listing: https://www.youtube.com/watch?v=_JCN1FVM83Q

Maybe the youtube appended on Warren Buffet on how" To invest intelligently", will help many.Guidance and wisdom from him will be helpful for many forumers.Other videos on similar topics can be viewed from the listing: https://www.youtube.com/watch?v=_JCN1FVM83Q

Just to share on the probable stock price trend and momentum for RCE.

1.Presently,all the Technical Price Charts - Moving Averages(MA), Moving Average Convergence Divergence(MACD),Relative Strength Index(RSI) supported the bullishness for the stock,viz:

A. The price candles are above the MA25 and MA50 lines for the last two trading days;
B. The MACD line has moved above the Signal Line showing the buying momentum support.Signalling buying!.
C. The RSI chart also supports buying for the stock and is very well supported.

Outcome: Price upside is probable.Barring any adverse global development news or events which will derail the price uptrend.

To view the charts and makes your own deductions - http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=9296

Repost on Jeff Lim's post shared in Alcom stock forum:

A.It is about Warren Buffet's investing quips:

1.High Returns With Low Risk is the Key

2.“Risk comes from not knowing what you are doing.”

3.Get Around the Right People

4.“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

5.Invest for the Long Term

6.“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

7.Buy It Thinking You Will Hold It Forever

8.“Our favorite holding period is forever.”

B.On Finding Honesty in Others

1.“Honesty is a very expensive gift. Don’t expect it from cheap people.”

2.Don’t Make Investing Difficult

3.“There seems to be some perverse human characteristic that likes to make easy things difficult.”

4.Invest Only in Companies You Know and Trust

5.“An investor should act as though he had a lifetime decision card with just twenty punches on it.”

6.Make Long Term Investments Over Short Term Ones

7.“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

8.Seize Great Opportunities and Load Up the Truck

9.“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

Hope the re-posted post is inspirational:-)))

Maybe the youtube appended on Warren Buffet on how" To invest intelligently", will help many.Guidance and wisdom from him will be helpful for many forumers.Other videos on similar topics can be viewed from the listing: https://www.youtube.com/watch?v=_JCN1FVM83Q

The Edge Weekly published the exclusive interview with Sulaiman from AMMB.Read from the source- http://www.theedgemarkets.com/article/pnb-says-its-not-ponzi-scheme-while-ammb-denies-1mdb-factor-failed-merger-talks

Read the news for those interested to update- http://www.themalaymailonline.com/malaysia/article/bank-negara-doesnt-interfere-with-ma-activity#h9y2Awcjjq80rrzo.97

@RainT no worry.So long as the company fundamentals are still intact the price reversal will take place.AMMB has distinct and sound positives except for CTI ratio(which is high) that will lend support to the stock price.Coupled with positive rating by JP Morgan the price reversal will happen sooner.Rating and recommendation by JP Morgan on banking stock time and again has proven right.About two years ago when they rated Maybank and declared that its stock price will further drop to ~RM 7.50 from the high at RM 8.50 it turned out to be correct.
2.Many Bursa stocks have run on the similar price reversal in the past and present.Stocks for example like PMetal,RHB which are solid company with good earnings prospect, have turned suddenly downwards even though there were no adverse news.Normally,such adverse market trend is for a short period.
3.Well,for your own deduction or analysis do have a look at the appended Technical Price Charts for RHB.One can discern that the price suddenly drop between the period April-May; June-July and July-August(recently).Consequently,the price will recover and trend upwards.

View the price chart for RHB; http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1066

Cheers and hope all forumers for AMMB stock have a wonderful weekend:-)))

@mikid83 think it was the regulated short selling activity that caused the stock price to drop last week. Contingent liability arising from 1 MDB saga was touched on and discussed during the negotiation between RHB and AMMB.Later through AMMB press release - after the merger was called off, the Contingent Liability was clarified by Sulaiman,the top man from AMMB that it was a non-issue.
2. Comparing AMMB and RHB on financial fundamentals the two entities are equally matched even though RHB is bigger in terms of size and equity capital.AMMB has a better EPS,DY and ROE even though Cost to Income Ratio for AMMB which is at 57% is higher than RHB at about 49%.
3.AMMB has a smaller exposure to O & G sector which is at the low of 2% of total loans exposure.RHB exposure to this sector which is facing challenging time is higher.
4.Agreed with forumers that AMMB is a well run bank.
5.Barring any adverse global development news the AMMB share price should be able to recover by next week.

Outcome- The price recovery will be well supported in the immediate term.

@cheated thanks for your concern.
2.Anyway,I have average down my purchase by buying at 4.50 the day before, and yesterday at 4.45.
3.Will it bounce back like Lotte Chemical-.AMMB share price drop is similar like Lotte Chemicals.
4.Fundamentals for AMMB is still intact.
5.Hope next week price can recover.Cheers for a better day.

For the period from year 2012 to 2016, YSP had came out top in earnings during the 2QR.In 2016,second with PAT RM 6.818m and 2012 top with PAT RM 4,542m.
2.But basing on recent development and initiatives taken by the company expects the revenue and earning streams to be enhanced and better than the prevues QR y-o-y or q-o-q.

One has to consider that the EPS,ROE and DY are only average.Even though the recent QR the PAT is maintained the market reaction is otherwise.No good news to drive the price upwards.

2.Presently,the Technical Price Charts support the bearishness for the stock in the immediate term.

3.Unless the company can show better profit,improved EPS,ROE and DY then only the stock can command a better price- higher price from the present level at 1.30.

4.The BODs also consist of too many family members from the major shareholders which from the result need to be voted out.Better to have a smaller BODs and optimise on expenses and can help to improve on ROE.Diversity of members of the BOD from the other parties can help in better corporate governance.

5.Expect the price to stay at this level for awhile.

With the impending 60th year of Independence(Merdeka) good time for us to reflect on the present state of our country.
Read the perspicacious article from the online media- https://dinmerican.wordpress.com/2017/08/22/t-k-chuas-merdeka-2017-musings/

@yuanlong25,great thanks for a thorough,clear and incisive write-up. It helps to clear our minds on the pertinent questions that keep popping out.Hopefully the QR y-o-y will be good.And just in time for Merdeka!

Read - http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=10788

Read- http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=10788

@abang_misai can agree with you.Seemed the price movement (since the previous QR m-o-m) can signal something not so positive for the stock.The dividend declared 3.0cents is also another sign.

Outcome: No positive signs for the stock yet unless proven wrong:-(((

There are signs that the stock price for AMMB will recover:

1.Because of the impending announcement on the merger discussion or talk between AMMB and RHB.As reported will be known by end August.If such talk is inconclusive then either one of them is free to discuss with other banks on the meter proposal.
2.Technical Price Charts -MA,MACD,RSI showed positive sign that the price recovery is imminent.Buy signal from the RSI chart even though the MACD line is hovering below the 8-day MA line.Price quite well supported at 4.70.
3.QR y-o-Y expected tomorrow or later by this week.Expect to be better than the previous QR y-o-y in lieu of the improving economy.

View the price charts appended: http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=1015

Outcome: The combination of these positivity will support the price towards recovery barring any adverse global news development.Cheers:-)))

Re-posted the published and archived article on FGV just to allow forumers and newbies who might have missed the news.You be the judge after perusing through the authoritative piece.

From the credible source: http://www.theedgemarkets.com/article/whats-really-going-fgv

Prognosis: This FGV's saga is much Ado over Nothing.What a sad story for investors and stakeholders to know:-(((

1. Ir Koon Yew Yin(Ir KYY in short),a respectable and former construction man who had made good in his long life journey.Presently,he is about 82-years old and still contributing his insightful opinions ,thoughts and comments to be shared.One needs not agree with him all the times.But more times than not he was found out to be right.
2.He was one of the founding shareholders of IGB-Jurutama- Mudajaya(IJM) construction entity.One of the largest and successful construction companies in Malaysia.
3.With his wealth of experience and expertise in the construction sector he can evaluate in a proper and incisive manner whether the venture or project JAKS embarked on will make money for the company.Any mega-project like the power plant project in Vietnam will take a period of about 4-5 years for its completion.
4.Needs to salute person like him who possess the entrepreneurial spirit and energy to devote his time,resources and effort on such venture which contains reasonably high risk but also high return on investment.
5.Something that forumers and newbies can learn a thing or two from a successful entrepreneur who after being stricken by a debilitating disease about twenty years ago came back fighting fit.

Wish him well.Just to pen a concise write-up to rebut some adverse comments about him.Cheers:-)))

@Sharewitch this stock QR y-o-y is normally between August 7- 11,12? Why the belated announcement? Rgds.

Latest news update on DI- https://www.themalaysianinsight.com/s/11634/