Posted by shortinvestor77 > 2017-09-05 20:56 | Report Abuse

http://www.klsescreener.com/v2/news/view/276895

Posted by gcke > 2017-09-05 20:57 | Report Abuse

@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:-)))

Posted by limch > 2017-09-06 10:07 | Report Abuse

Affin top banks buy. If depend on i3 forumers tan ku ku lah is the answer.

Posted by gcke > 2017-09-06 11:50 | Report Abuse

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.

Posted by gcke > 2017-09-06 11:59 | Report Abuse

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

Posted by kuaTAKtahu > 2017-09-06 14:19 | Report Abuse

sell..sell..sell..

Posted by Alex Foo > 2017-09-06 14:52 | Report Abuse

ambank making a comeback? =)

Posted by Alex Foo > 2017-09-06 14:53 | Report Abuse

buy la. TA ppl need to see ppl buy first they only buy.

Posted by casanwk > 2017-09-06 14:55 | Report Abuse

3min chart is nice breakout
will it hold @4.33?

Posted by Alex Foo > 2017-09-06 14:56 | Report Abuse

aiyo, volume looks like cinderella

Posted by Alex Foo > 2017-09-06 14:58 | Report Abuse

it's a trap!

Posted by limch > 2017-09-06 14:59 | Report Abuse

CIMB saw RM 7 last week. AMMB RM 7 wait 2-3 years?

Posted by kf911 > 2017-09-06 15:26 | Report Abuse

ammb cannot go to 7 la

Posted by funkyway > 2017-09-06 15:37 | Report Abuse

can buy ambank now? waiting for rm4 but scared if miss the rebound

Posted by casanwk > 2017-09-06 15:48 | Report Abuse

buying strenght is missing
i still on the sidelines...sitting & waiting...

Posted by Alex Foo > 2017-09-06 15:49 | Report Abuse

haha, it's like that one. wait 4.4 looks like going up then buy ba =)

Posted by funkyway > 2017-09-06 15:50 | Report Abuse

yeah can see that. like keep bouncing between 4.31 and 4.33. nvm i wait first

Posted by Alex Foo > 2017-09-06 15:51 | Report Abuse

you can put a price alert, once the stock hit a certain level, you get notified. Can try investing.com free one

Posted by nicky > 2017-09-06 18:06 | Report Abuse

Down 30'sen up 3 sen

Posted by gcke > 2017-09-07 10:17 | Report Abuse

@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.

Posted by casanwk > 2017-09-07 10:38 | Report Abuse

topup 4.34
counting on epf!!!
hehehe...
(cautious still in downtrend (200ma)

Posted by Why_ > 2017-09-07 12:23 | Report Abuse

no more merger talk? Can talk to Maybank or Pubic Bank as well not only RHB Bank.

Posted by nicky > 2017-09-07 12:39 | Report Abuse

Turns. Red....

Posted by sbzk > 2017-09-07 12:44 | Report Abuse

useless lah find local banks, go talk with china banks.......

Posted by sbzk > 2017-09-07 12:58 | Report Abuse

go negotiate with china banks, dont just sit there and stay put, forever the price will be the same. must take one step ahead and put extra effort in order to succeed.

Posted by somo1 > 2017-09-07 13:22 | Report Abuse

Sure the Chinese would see value in acquiring it as they can have immediate distributing banking network in Malaysia. However, the BN has been under so much pressure and criticism for bringing in the much needed Chinese capital. And they have been accused for inviting "Chinese invasion" by the Pakatan. Hence I don't think they want to attract unnecessary criticism by letting go of a Bumi controlled bank to a Chinese bank at this juncture. Perhaps, after the GE14 is over and done with.

Posted by beso > 2017-09-07 13:28 | Report Abuse

fake rebound, going to hit 3.99 when market sentiment turns -ve

Posted by meiling0809 > 2017-09-07 16:52 |

Post removed.Why?

Posted by Beza > 2017-09-07 17:05 | Report Abuse

Rubbish can turn to gold. Non-rubbish can turn to diamond.

Posted by JJchan > 2017-09-07 17:23 | Report Abuse

Just Epf trading tactic----very effective if you got money like epf's pocket....BB push down to collect
and then push up to sell and run......But epf just stomp and stomp the price down, I think at 4.30
most contra players are either Dead or hardly breathing

Posted by nicky > 2017-09-07 17:42 | Report Abuse

I believe Ambank worth more than this price .. just timing .. hold n wait for the right time... it won't dip any further ...my 2 cts

Posted by klse1997 > 2017-09-07 18:44 | Report Abuse

IMHO... ANZ and AH is looking to dispose at 2 x book values... but KWAP and its alliances are smarter... press down the price kaw2... the most i think they are willing to pay is not more than RM 7.1-7.4 range

Posted by nicky > 2017-09-07 19:25 | Report Abuse

May I know Ambank book values ?

Posted by kf911 > 2017-09-07 19:40 | Report Abuse

meiling0809, since u are complaining every time it drops why dont u just sell all of it and go look for your so called good stock

Posted by JJchan > 2017-09-07 19:48 | Report Abuse

If ANZ sold the last 7 trading days----where is Bursa announcement?

Posted by gcke > 2017-09-07 20:02 | Report Abuse

@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/

Posted by gcke > 2017-09-07 20:06 | Report Abuse

@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

Posted by gsi723 > 2017-09-07 20:10 | Report Abuse

ANZ is not desperate to sell cheap. Of course, it's interested to sell at good/ fair price. No reason to sell a controlling stake in profitable bank entity below its NTA. With decent dividend, Ambank is still a 'cash cow' to ANZ. Small investor cannot bear the price drop will certainly sell... Traders that fear loss of opportunity in another rising stock, will dump as well for their cash flow...... KWSP, KWAP can buy cheap from open market...

Posted by JJchan > 2017-09-07 20:13 | Report Abuse

http://www.theedgemarkets.com/article/fbm-klci-bat-spike-malaysia-election-cue

Let bullrun take care tomolo

Posted by gcke > 2017-09-07 20:41 | Report Abuse

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:-)))

Posted by gcke > 2017-09-07 21:28 | Report Abuse

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/

Posted by gcke > 2017-09-07 21:34 | Report Abuse

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

Posted by gcke > 2017-09-07 22:08 | Report Abuse

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

Posted by gcke > 2017-09-07 22:10 | Report Abuse

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

Posted by 888888888 > 2017-09-08 07:42 | Report Abuse

PublicInvest TP RM 5.4.

AMMB - Business As Usual
Date: 25/08/2017

Source : PUBLIC BANK
Stock : AMBANK Price Target : 5.40 | Price Call : TRADING BUY
Last Price : 4.31 | Upside/Downside : +1.09 (25.29%)

Back

The Group has started off its new financial year on a relatively subdued note, though 1QFY18 net profit of RM328.3m (+1.6% YoY, -2.2% QOQ) came in within expectations, making up 23.3% of our and consensus full-year estimates. No particular surprises were seen its operational numbers, as higher net interest income (+8.4% YoY) was driven by improved lending growth. The recent breakdown in merger talks has been a dampener on share price performance, likely due to concerns over reported contingent liability-related issues which management has duly refuted as normal in its ordinary course of business. While still early days, the Group is starting to see some momentum in its Top 4 growth aspirations. We retain our Trading Buy on AMMB Holdings for its medium-term earnings prospects, with an unchanged target price of RM5.40. We see it as a buy for the longer-term given the relatively lower base it is coming from given recent years’ of balance sheet de-risking, pockets of weakness notwithstanding.

Loans growth (+6.6% YoY, +2.0% QoQ) picked up pace during the quarter largely due to on-going expansion in its mortgage segment (+21.9% YoY, +4.7% QoQ). Management’s improved outlook on the country’s economic growth is reflected in business-related loans (working capital) growing 3.5% QoQ. Once the largest provider of hire purchase loans (-6.9% YoY, -1.3% QoQ), the Group now only has an estimated 11+% market share.
Net interest margin (NIM) slipped 4bps to 2.02% on a QoQ basis largely due to a hike in funding costs during the quarter. Portfolio rebalancing and asset re pricing efforts saw margins improve 6bps though tempered by pressures in the retail segment (in both the asset and liability space) which set NIMs back 10bps. We remain wary over the competitive space the Group is headed into as part of its transformative process, one which various other financial groups are similarly targeting in their own aspirations, hence the higher possibilities of limited successes though we are cautiously optimistic.
While management continues to stress that there are no significant signs of stress in the formation of new non-performing loans as most, if not all, are sufficiently collateralized, we are slightly troubled over its vulnerabilities to big-ticket exposures which are being highlighted as causes the recent asset quality travails. The incidence of a huge RM612.2m in new non-performing loans in 4QFY17 has been followed up with RM449.7m this current 1QFY18, with a notable increase in the manufacturing sector.
Source: PublicInvest Research - 25 Aug 2017
https://klse.i3investor.com/servlets/ptres/41803.jsp

Posted by meistsk3134 > 2017-09-08 09:13 | Report Abuse

tapi drop le

Posted by deddymines > 2017-09-08 09:17 | Report Abuse

this is a great year for my stock selections. krono, cepat, leonfb, ifca, frontkn, serbadk :) Didnt really bother about TA and just look at their fundamentals.

And now the next gem will be Ambank. PE below 10 while Maybank, CIMB, HLB, PBB all trading above 14x. Improving quarter by quarter and with Dato Sulaiman (who spearhead the rise of CIMB consumer banking) on board. Negative sentiments about 1mdb and demerger shouldnt overshadow its fundamentals.

Even latest reports by HLG, Kenanga and PBB made strong buy calls. It's just a matter of time. Malaysia market will detached from the negative sentiments outside. My 2 cents is Ambank is a gem.

Posted by 888888888 > 2017-09-08 09:36 | Report Abuse

Not ask RM 7 like in 2014 why RM 5 also susah?

Posted by casanwk > 2017-09-08 10:21 | Report Abuse

hourly chart
consolidation phase
few days later will decide to go upside or downside!

Posted by JadeSchira > 2017-09-08 15:14 | Report Abuse

Should move if sentiment is good