AMMB HOLDINGS BHD

KLSE (MYR): AMBANK (1015)

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Last Price

5.37

Today's Change

0.00 (0.00%)

Day's Change

5.37 - 5.38

Trading Volume

50,600


9 people like this.

5,515 comment(s). Last comment by Pinky 1 day ago

klse1997

254 posts

Posted by klse1997 > 2018-01-08 13:33 | Report Abuse

Insurance arm kasi jual cepat2... distribute big fat dividend... baru jump sky high... come on ammb... fly fly fly high

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-08 15:34 | Report Abuse

GOGOGO
No need high risk Hengyuan, no need econbhd
Diam, diam duduk sini bikin duit, hahahaha

Posted by chickenputih > 2018-01-08 15:35 | Report Abuse

:P :P :P

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-08 15:49 | Report Abuse

10sen !

MoneyUp888

842 posts

Posted by MoneyUp888 > 2018-01-08 15:52 | Report Abuse

Pusshhh ambank!!

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-08 15:53 | Report Abuse

Yeap, GOGOGO ! 250% gain....

MoneyUp888

842 posts

Posted by MoneyUp888 > 2018-01-08 16:02 | Report Abuse

mancing C1?! Me too!

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-08 16:19 | Report Abuse

Yeap, huat ah...

MoneyUp888

842 posts

Posted by MoneyUp888 > 2018-01-08 16:24 | Report Abuse

Tp 4.8 will be next

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-08 16:47 | Report Abuse

Hm..... Actually i got no TP. i use gout sense

Rio88

107 posts

Posted by Rio88 > 2018-01-08 20:06 | Report Abuse

manching pls tell us when u sense the gout TP...haha

Rio88

107 posts

Posted by Rio88 > 2018-01-08 20:07 | Report Abuse

seems like not many ppl on boat. mancing got any other diam diam bikin punya stocks?

klse1997

254 posts

Posted by klse1997 > 2018-01-09 11:33 | Report Abuse

Mancing.... i feel sorry for the employees but i am sure this is good catalyst for any big fund to pay attn to ambank... post mss, the bank structure will more lean and hopefully ops cost will be lower and more profits going fwd

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-09 12:41 | Report Abuse

MyStock118
Nikkei hits fresh 26-year high; Fast Retailing soars
http://www.mystock118.com/?p=233547

@klse1977 dun worry be happy
All banking red too bcos local institute profit taken
Top up 0.05

klse1997

254 posts

Posted by klse1997 > 2018-01-09 12:58 | Report Abuse

today.. appeared in PublicInvest Research..... TRADING BUY with TP RM5.00 :)
good news indeed

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-09 14:02 | Report Abuse

C1 very high demand even mom drop. Cannot get it. Think to buy mother
As my expect b4 time to buy bank counter. Safe and good return.

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-09 16:19 | Report Abuse

Collected 451, see my luck

limch

3,262 posts

Posted by limch > 2018-01-09 16:57 | Report Abuse

Why drop 20 sen? Any news?

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-09 17:10 | Report Abuse

Hm..... Bcos market cant be efficient lor
No lah, bcos hor all bluechip stock in oversold stage turn to red lor. Investors lari lor
Happy closing

davidkkw79

5,068 posts

Posted by davidkkw79 > 2018-01-09 17:45 | Report Abuse

Vss cut cost plan

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-09 22:59 | Report Abuse

Good, cut cost

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 03:38 | Report Abuse

I saw this on the BBC and thought you should see it:

Koreas agree military talks to defuse border tension - http://www.bbc.co.uk/news/world-asia-42622588

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 03:42 | Report Abuse

AmBank Group to cut jobs via MSS
minda2018-01-09 18:00:41
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) has launched a mutual separation scheme (MSS) for its employees in a bid to improve efficiency and get leaner.

In an email to staff yesterday, it said eligible, confirmed employees of AmBank Bhd, AmInvestment Bank Bhd and AmBank Islamic Bhd could apply for the MSS over a two-week period, starting yesterday until Jan 19, 2018.

“The MSS is offered purely on a voluntary basis,” it said in the email that was sighted by The Edge Financial Daily.

As at Sept 30 last year, AmBank Group — the country’s sixth largest banking group by assets — had some 11,600 employees.

The group, when contacted, declined to say how many jobs it intends to shed under the scheme.

“As part of AmBank Group’s four-year strategic transformation agenda, we have been reviewing our organisational structure for optimal efficiency. We have now streamlined and centralised some of our processes and the MSS will allow us to further optimise the group’s organisational structure,” a spokesman said in a statement to The Edge Financial Daily, in response to queries.

“In addition, over the past year, we undertook engagements with employees and have received queries on the possibility of a separation scheme from some staff members who wish to pursue other opportunities after being with us for some time. Clearly, the timing is now right for the AmBank Group to undertake the MSS, which is offered purely on a voluntary basis and provides eligible employees the opportunity to pursue their career goals beyond the bank,” the spokesman added.

AmBank Group’s four-year strategic transformation plan is, in a nutshell, aimed at it becoming a top-four bank by the financial year ending March 31, 2020 according to several financial metrics, including market capitalisation, revenue growth and return on equity. It also aspires to be among the top-four best employers.

While the MSS will lead to an increase in expenses for the group, the bank does not expect it to have a big impact on its earnings. “We are not expecting an adverse impact to our bottom line during this period of the MSS,” the spokesman said, without elaborating.

For the six months ended Sept 30, 2017, its net profit fell 2.35% to RM659.74 million from the same period a year ago, while revenue rose 1.04% to RM4.21 billion.

The MSS exercise is not entirely surprising given that group chief executive officer Datuk Sulaiman Mohd Tahir had hinted at it just over five months ago while the group was in merger talks with RHB Bank Bhd.

He had said AmBank Group might undertake a “job rationalisation” exercise even if the merger with RHB did not pan out. As it turned out, the merger was aborted last August.

Other banks that undertook similar separation schemes in recent years include CIMB Group Holdings Bhd, RHB Bank, Hong Leong Bank Bhd and Standard Chartered Bank Malaysia Bhd.

In July 2015, CIMB Group and its Indonesian subsidiary, PT CIMB Niaga Tbk completed an MSS exercise that saw 3,599 employees or 11.1% of the total workforce in both countries trimmed. Of the total, 1,891 employees who opted for the MSS were from Malaysia.

In the same year, RHB trimmed its headcount by 1,812, or 13.1% of its permanent employees in Malaysia, under what it called a career transition scheme.

Source: The Edge Markets

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 03:43 | Report Abuse

Wall Street hits new record at open on healthcare, bank gains
Our Reporter2018-01-09 23:13:03
A 1.7 per cent rise in Johnson & Johnson and a 5 per cent jump in Boston Scientific helped the S&P health sector gain 0.7 per cent.

A handful of retailers including Target, Kohl’s Corp and Lululemon Athletica have already reported solid rise in same-store sales for the holiday period and raised their profit forecasts for the fourth quarter.

At 9:41am ET (1441 GMT), the Dow Jones Industrial Average was up 66.68 points, or 0.26 per cent, at 25,349.68 and the S&P 500 was up 5 points, or 0.18 per cent, at 2,752.71.

The Nasdaq Composite was up 4.08 points, or 0.06 per cent, at 7,161.47.

“We are looking at a quiet day, with no major news. But investors are starting to prepare for the next round of earnings that could keep the market on fire,” said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

“People are going to look for what is going to create opportunity for more money to flow into equity.”

Investors are waiting for the start of the quarterly earnings season for more readings on the impact of recent tax cuts and profit forecasts.

Earnings for S&P 500 companies are expected to rise 11.8 per cent in the fourth quarter, compared with an 8 per cent increase a year earlier, according to Thomson Reuters I/B/E/S.

Seven of the 11 major S&P sectors were higher, led by a 0.9 per cent gain in financial stocks.

JPMorgan and Bank of America rose more than 0.8 per cent and Goldman Sachs 1 per cent. US 10-year Treasury yields rose to their highest since March.

Advanced Micro Devices slipped 4.15 per cent after Microsoft suspended patches to guard against security threats for computers running AMD chipsets after complaints that the software updates froze their machines.

GoPro fell 6.7 per cent, extending losses from Monday after the action camera-maker flagged a weak holiday quarter that triggered sale talks. The company said it was not actively trying to sell itself but would be willing to partner with a larger sector player.

Advancing issues outnumbered decliners on the NYSE by 1,381 to 1,141. On the Nasdaq, 1,363 issues rose and 1,092 fell. — Reuters

Source: The Malay Mail Online

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 05:24 | Report Abuse

MyStock118
Wall Street hits new record at open on healthcare, bank gains
http://www.mystock118.com/?p=233668

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 09:24 | Report Abuse

Opening up 3sen higher, good !

willc48

723 posts

Posted by willc48 > 2018-01-10 09:32 | Report Abuse

I have no idea why people are still buying ambank unless margin. MSS on the way. Many senior staff left. Deal with RHB failed bcos 1MDB & US DOJ is taking action on 1MDB soon to recover illegal activities. If Najib losses, more disaster including BNM..election predicted just 3 months awsy.

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 10:40 | Report Abuse

Axe their staff bcos ambank commitment to their promises to become 4th largers bank in msia b4 2020. Why dun u give him a change?

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 10:44 | Report Abuse

All our asean countries already bullish but our one laggard behind bcos 1mdb. If the ambank are the only problem klse should not be bullish now ! High integrity are more important to personal wrong doing. Disaster? Oh my.... U talk kok ! Dun imagine !

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 11:01 | Report Abuse

Im the head of my family, dad of my son, man of my woman. If i doing illegal drug business then caught by police then the judge gallow me, i said u can't do that way for me bcos my son, im the breadwinnner of my family? So what for the law we create? Where is righteousness? So everyone can break the law bcos some specific reason?

Use ur common sense and logical thinking. Very childish, man....

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-10 16:03 | Report Abuse

MyStock118
TA Securities: AMMB’s staff-trimming scheme to save up to RM70m
http://www.mystock118.com/?p=233856

klse1997

254 posts

Posted by klse1997 > 2018-01-10 17:38 | Report Abuse

CIMB had done with MSS... their share price have been up since then couple with good financial result... this is going to be ammb moment

ivan9511

3,854 posts

Posted by ivan9511 > 2018-01-10 18:32 | Report Abuse

today my am bank still can up while others ib claim sell .
lucky and suprise me. my another ambank link counter is amfirst .
amfirst now only 0675 while dividend more than 4sen .
I quite dizzy how high ambank can go
btw I still hold when 430 . hope ambank and amfirst all the best and happy new year

meistsk3134

2,368 posts

Posted by meistsk3134 > 2018-01-10 23:05 | Report Abuse

Amfirst?

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-11 07:43 | Report Abuse

MyStock118
AMMB's staff-trimming scheme to save up to RM70m
http://www.mystock118.com/?p=233845

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-11 07:44 | Report Abuse

AM breakfast, PM dinner?

Posted by AnonymousKLSE > 2018-01-11 09:54 | Report Abuse

MSS will have favourable impact on future earnings

Beza

1,847 posts

Posted by Beza > 2018-01-11 11:29 | Report Abuse

Once AmInsurance (no MSS for its staff) is sold, better earnings.

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-12 12:36 | Report Abuse

Great info

MyStock118
Great Eastern factor a boost for Kuchai Development
http://www.mystock118.com/?p=234214

MyStock118
Interest rate hike a mild booster to bank’s earnings, says research firm
http://www.mystock118.com/?p=234279

Posted by chickenputih > 2018-01-12 15:23 | Report Abuse

now is the time for your C5 to consider exit liao .. i am about to let go c5 .

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-12 15:30 | Report Abuse

Pls dun !

Tp7.00

Max TP 8.00

believe?

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-12 15:34 | Report Abuse

As cimb boss nasir razak said 2018 is the good year for banking sector.
I haven't throw any c1 ticket yet, believe? Pm me my fb and let u see.

Posted by chickenputih > 2018-01-12 15:50 | Report Abuse

@mancingbursa i belief you .. but i'm still stick to my original exit price 23.5c. will get back again once got the chance .. good luck to you.

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-12 16:09 | Report Abuse

Congrats to u too can get back ur capital

meistsk3134

2,368 posts

Posted by meistsk3134 > 2018-01-13 21:53 | Report Abuse

mancing LOL.. pity newbie... are u playing stock last time election?

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-15 09:57 | Report Abuse

Morgan Stanley : Malaysia, Asean stock flows may rise in 2018 as earnings accelerate | http://www.klsescreener.com/v2/news/view/330285

mancingbursa

4,268 posts

Posted by mancingbursa > 2018-01-15 10:17 | Report Abuse

Higher trade surplus likely this year | http://www.klsescreener.com/v2/news/view/330229

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