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

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:-)))

Posted by casanwk > 2017-09-14 15:29 | Report Abuse

threshold of 15ma/20ma
need to break 4.49 resistance
only then can convince is upward trend
if not sell into strenght....

Posted by moneycome123456 > 2017-09-14 15:40 | Report Abuse

keep up...

Posted by gcke > 2017-09-14 15:41 | Report Abuse

Agreed @casanwk.That is one every holder of AMMB expect out of the stock.Hope it does not disappoint all ardent supporters cum investors of the banking icon stock like AMMB.

Posted by Yet Lian > 2017-09-14 15:51 | Report Abuse

anything about to happen ?

Posted by nicky > 2017-09-14 15:54 | Report Abuse

Hopefully close above RM4.50

Posted by mxlitfly > 2017-09-14 16:00 | Report Abuse

wowww....reached 4.5 already

Posted by gcke > 2017-09-14 16:14 | Report Abuse

A long white candle which appears today on the Technical Price Chart show the bullishness of the stock.That provided no adverse global events in the coming days.
Gogogo AMBANK:-)))

Posted by casanwk > 2017-09-14 16:29 | Report Abuse

nimble topup 4.5

Posted by gcke > 2017-09-14 16:31 | Report Abuse

Happy days,happy days,happy days...more to come.When in stock investing one needs patience and fortitude to ride through the temporary storm or market upheaval.
2.I have learnt so much from other forumers which help me well in my investing decision.
3.Together,we can earn some reasonable capital gains or returns from our investing choices or selections..
Take care:-)))

Posted by casanwk > 2017-09-14 16:32 | Report Abuse

next major reisitance
4.54

Posted by cheoky > 2017-09-14 17:12 | Report Abuse

Good. Year end a dividend as sweeteners

Posted by meistsk3134 > 2017-09-14 17:13 | Report Abuse

Lai liao.. congtraz who bought low price

Posted by nicky > 2017-09-14 17:18 | Report Abuse

yes... closed RM4.50. Hopefully RM4.72 tomorrow..lol

Posted by gcke > 2017-09-14 17:29 | Report Abuse

Today trading volumes at 11.897million units is the highest for the past 3 months which is very good.Increasing volume on price recovery towards the upside show strong buying momentum.
2.Hopefully tomorrow the journey to the next high can be achieved before we break off for the weekend.
Saturday 16 is Malaysia Day.
Take care:-)))

Posted by Alex Foo > 2017-09-14 17:55 | Report Abuse

fuiyo 4.5 today. thx gcke.

ok, alex declare ambank no longer lausai. c u tmr

Posted by klse1997 > 2017-09-14 18:19 | Report Abuse

Thanks gcke for ifrs9 explaination...

Posted by meistsk3134 > 2017-09-14 19:26 | Report Abuse

Dun too early celebrate. Wait real show coming 1st

Posted by joetay > 2017-09-14 20:18 | Report Abuse

really pays to be patient on this stock.

almost fell asleep while waiting.

Posted by gcke > 2017-09-14 20:42 | Report Abuse

If tomorrow can break through the 4.60 resistance level,then the next will be 2.64 and then 2.70.We will see how the market moves and trend momentum moves for the stock.
2.Hoping that DJIA will stay up tonight or there is no sudden adverse global news development.
Have a restful evening.

Posted by deddymines > 2017-09-14 21:31 | Report Abuse

http://www.theedgemarkets.com/article/resistance-nube-key-reason-ammbrhb-merger-failure-says-deutsche-bank

the real reason and not 1mdb

Posted by shortinvestor77 > 2017-09-14 22:23 | Report Abuse

Resistance from NUBE a key reason for AMMB-RHB merger failure, says Deutsche Bank

Author: moneyKing | Publish Date: 14 Sep 2017, 7:27 PM

Sulhi Azman/theedgemarkets.com

September 14, 2017 17:57 pm MYT



KUALA LUMPUR (Sept 14): Resistance from a trade union was a key reason for the failure of the proposed merger between AMMB Holdings Bhd and RHB Bank Bhd, according to an analyst with Deutsche Bank AG.

“Our visit to the National Union of Bank Employees (NUBE) reinforced our suspicion that staff issues might be a key reason for the merger to be called off,” research analyst Joshua Lee wrote in a report to clients today.

“NUBE was not consulted before the merger discussion announcement and they subsequently sent letters to the central bank, banks involved and the government. The union had two meetings with the banks before the merger was called off,” Lee added, noting that staff cost made up 53.5% and 57% of the total expenses at AMMB and RHB respectively.

Lee said his conversation with three banks — AMMB, Public Bank Bhd and Hong Leong Bank Bhd — and related parties, indicated NUBE has a “material presence” on the country’s banking operations.

He also observed that NUBE has been encouraging its members to upskill in order to stay relevant, and are attempting to unionise outsourced workers.

“That might slow down banks’ digitisation and cost reduction strategies,” Lee said.

Established under the Trade Unions Act 1959, NUBE represents around 20,000 bank employees in Malaysia.

Meanwhile, Lee also commented on Malaysia’s loans growth of 1.8% in the first half of 2017 (1H17), saying it was outpaced by the country’s economic growth of 5.7% in the same period.

“Historically, loan growth trends higher than the gross domestic product,” he said. “Our conversations with corporates indicate that many are using their internal funds for capex purposes, and are not planning major expansion that requires gearing up.”

Going forward, Lee said, “We note that banks are guiding for lumpy corporate loan pick-up in 2H17, especially from large infrastructure projects.”

“However, some corporates that we met are wary of being entangled in the ‘winner's curse’, and are happy to wait by the sidelines, until bidding rationalises,” he said, adding: “Nevertheless, they believe that supply will likely fall behind the demand generated by these infrastructure projects in the years ahead.”

As for the implementation of the new accounting standard, Lee said: “Surprisingly, banks are guiding that the impact of IFRS9 could be muted, with several guiding that there would be no impact to capital, with the likely usage of regulatory reserves.”

“Banks that have not disclosed any IFRS9 guidance have their systems in place and are currently doing back testing,” Lee added.

http://www.theedgemarkets.com/article/resistance-nube-key-reason-ammbrhb-merger-failure-says-deutsche-bank

Posted by casanwk > 2017-09-15 08:47 | Report Abuse

morning guys/ammbank mates
if today can break key resistance 4.54
plus strong volume and strong rsi
it will make another high!
cheers.....

Posted by casanwk > 2017-09-15 09:02 | Report Abuse

wow gap up!

Posted by casanwk > 2017-09-15 09:02 | Report Abuse

top up4.56

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

warning, still got ppl want ambank lausai, trade with caution

Posted by casanwk > 2017-09-15 09:21 | Report Abuse

tq
checking indicators
still moving with long term trend direction
so far ema , moneny index, rsi looking goood

Posted by casanwk > 2017-09-15 10:08 | Report Abuse

yes break d 4.54!

Posted by moneycome123456 > 2017-09-15 10:30 | Report Abuse

Keep frying

Posted by mxlitfly > 2017-09-15 11:04 | Report Abuse

bloody north korea....they shot the missile again.......

Posted by gcke > 2017-09-15 11:20 | Report Abuse

IF not because of this maniacal,egoistic and boisterous Kim the stock price would have reached a new high again today.After touching 4.57 at opening it settled down between 4.52-4.53.Unfortunately,scuttled by today reported missile launch:-(((
2.Trump should not try to out-foxed and tamed this madman but to stay calm and open door for negotiation.But Trump's character is equally and eerily similar to this maniacal Kim.
3.I have just cut my holding on this stock because of the latest unwarranted provocation by the reclusive regime.
4.Such unpredictable geo-political situation in North East Asia reminds me of Cuba crisis during JKF's short reign.But fortunately for the world at that time we have a charismatic and strong leader like Kennedy.But not this time with Trump at the helm.
5.Are we entering an unpredictable and volatile times over such recent event...

Read- https://www.bloomberg.com/news/articles/2017-09-14/north-korea-launched-missile-over-japan-toward-pacific-ocean

Posted by gcke > 2017-09-15 11:22 | Report Abuse

Read further news from Bloomberg- https://www.bloomberg.com/news/articles/2017-09-15/north-korean-acts-become-like-boy-who-cried-wolf-for-markets

Posted by casanwk > 2017-09-15 11:26 | Report Abuse

dont worry!
this is not the first time
mkt will get used to this nuisance noise

Posted by Alex Foo > 2017-09-15 11:29 | Report Abuse

ambank pls hang on! dont laosai again pls~

Posted by casanwk > 2017-09-15 11:30 | Report Abuse

half hour from nk missile posting
rechecking system indicator
sill good and fine
:)

Posted by Alex Foo > 2017-09-15 11:32 | Report Abuse

no choice, i already hedge some % of my portfolio, if always see bad news and sell, very hard to play in stock market. In fact, market swing optimism and pessimism can be very fast, like this counter, yesterday cantik candle, today cannot perform?

nvm la, i already masuk, can only cheer for ambank now =)

Posted by gcke > 2017-09-15 11:49 | Report Abuse

Thanks,@casanwk for regular updates on the market trend and moves.Such calming persona and reassuring words help to soothe frayed nerves when trading on the equities:-)))
2.Good for that you hedge your portfolio @Alex Foo.

Further news from Bloomberg- https://www.bloomberg.com/news/articles/2017-09-15/north-korea-s-missile-launch-jolts-korean-stocks-currency-again

Posted by Alex Foo > 2017-09-15 11:52 | Report Abuse

@gcke

ya. you know, i used to be gold bug and have >70% portfolio in commodity. Then i hope market crash everyday. I think that kind of lifestyle is very depressing. So i liquidated many of them (keep 10%), and go to stock market with optimism.

Anyhow, i think that you're more experienced than me, so I'll be glad to learn from you =)

Posted by assthrow > 2017-09-15 14:43 | Report Abuse

i am fantasizing the new alternative fact: funds are selling CIMB.KL to switch over to AMBANK.KL.

Posted by casanwk > 2017-09-15 14:49 | Report Abuse

yes coast is cleared
back to party!
hehehe....

Posted by gcke > 2017-09-15 14:56 | Report Abuse

@Alex Foo under this AMMB forum everyone is a contributor.Every one selflessly and willing to post and share real-time market information on the stock price trend and moves,and also any news announcement.Every one cares,even though we may not know each other except through the posting and sharing:-)))
2.Agreed @casanwk that the momentum for the price support and moves are still intact.The MACD,RSI,stochastic all point to a bullish trend.

Outcome: Hope the price support is sustained and maintained towards the upside.

Posted by investmalysia > 2017-09-15 15:01 | Report Abuse

cimb has less upside compared to ambank. currently ambank buying momentum very good even the overall market is down. it will move higher

Posted by moneycome123456 > 2017-09-15 15:09 | Report Abuse

keep up up up...

Posted by Alex Foo > 2017-09-15 15:56 | Report Abuse

one more hour to go. jiayou ambank =) maintain above 450 ok d

Posted by luckyeveryday > 2017-09-15 16:05 | Report Abuse

moving again....

Posted by meistsk3134 > 2017-09-15 19:29 | Report Abuse

Stuck on 4.55 liao... same as rhb stuck on same value

Posted by nicky > 2017-09-15 20:00 | Report Abuse

Too bad ..didn't close above RM4.54

Posted by contrarian > 2017-09-16 11:20 | Report Abuse

AMMB Holdings - No Merger Hangover
Date: 28/08/2017

Source : HLG
Stock : AMBANK Price Target : 5.20 | Price Call : BUY
Last Price : 4.53 | Upside/Downside : +0.67 (14.79%)

Back

Highlights
Held briefing… We attended AMMB’s post-results briefing, and management clarified various issues in hands, including the scrapped merger.
Business as usual… Despite in merger discussion with RHB, AMMB delivered commendable 1Q18 results amid a quiet quarter due to Ramadhan and Hari Raya. To recap, AMMB posted results in line with HLIB and consensus with earnings growing by +1.6% YoY and +31.2% QoQ. However, this was due to partly lower than expected taxation rate of 19%.
Scrapped merger explained… AMMB refuted the claim that the merger was scrapped due to contingent liabilities. Management explained that both parties were unable to reach conclusion over various terms, among others pricing and synergies. Post-failed merger, AMMB will pursue organically its Top4 aspiration by 2020.
Clarification on contingent liabilities … It was reported in the news that AMMB is facing issue of contingent liabilities. AMMB explained that it is a norm for banks to incur certain contingent liabilities though banks are not expecting losses from these transactions. Relating to the above, AMMB incurred contingent liabilities from 2 products namely bank guarantee (BG) and letter of credit (LC). The group’s current contingent liabilities amounted to RM8.9bn (6.5% of total assets & 7.4% of total liabilities).
Broad-based income… Since Dato Sulaiman took the CEO seat, the primary objective is to grow four segments (namely wholesale banking, business banking, retail banking and general insurance) and optimize the income from wholesale banking. Such initiatives are picking up momentum whilst focus on key products namely cards and SME have already contributed to the NII growth in 1Q18.
Asset quality stills an issue… AMMB still reported net recoveries that lowered its credit cost. Management hinted that AMMB still could enjoy net recoveries throughout FY18 owing to 1-2 corporate accounts. Despite having a benign asset quality, management is watchful on corporate loans impairment. Exposure to the O&G and the commercial real estate sector stood at 2% and 8% of total gross loans.
Risks
Slower impact from de-risking of auto loan book and lower recoveries to impact bottom line.
Forecasts
Unchanged.
Rating
BUY (↔)

We feel that AMMB is showing progress towards its top 4 aspiration by 2020. SME loan spiked 19% on an annualized basis while further NIM recovery is in sight owing to gradual shift from fixed deposit into CASA. AMMB is currently trading at steep discount of 0.78 P/BV.
Valuation
Maintain our TP at RM5.20, TP was derived from GGM i) ROE of 8.8x ii) WACC of 8.9%. Maintain BUY.
Source: Hong Leong Investment Bank Research - 28 Aug 2017
https://klse.i3investor.com/servlets/ptres/41869.jsp

Posted by moneycome123456 > 2017-09-16 13:23 | Report Abuse

So, meaning is Ammb will up to 5.20 :)

Posted by Allow1978 > 2017-09-17 19:40 | Report Abuse

5.20 too low la...next year election and must fly to RM8 :D