Posted by LaksaBoy > 2021-02-26 22:37 | Report Abuse

90ccents per share will be wipe out

Posted by ivanlau > 2021-02-26 22:38 | Report Abuse

Afraid that MOnday will gap down to rm 3 ......

Posted by XxxxXzz > 2021-02-26 22:39 | Report Abuse

3.16 deduct 0.93 = 2.23 fair value? Haha

Posted by XxxxXzz > 2021-02-26 22:43 | Report Abuse

Why those newspaper Web always knew it faster than announcement?

Posted by KingsMan > 2021-02-26 22:46 | Report Abuse

2 years profit wiped out just in one announcement!

Posted by yingzhe17 > 2021-02-26 22:49 | Report Abuse

Staff took millions and also esos. Should suspend all their bonus. They need to be accountable to shareholder.

Posted by swagger855 > 2021-02-26 22:51 | Report Abuse

Never buy shares of a company that link to government. Always gone case when things go south.

Posted by swagger855 > 2021-02-26 22:51 | Report Abuse

I mean msia gomen

Posted by LaksaBoy > 2021-02-26 22:51 | Report Abuse

Can anyone tell why Ambank need.to pay 2.8b?

Posted by swagger855 > 2021-02-26 22:54 | Report Abuse

1mdb issue

Posted by kens88 > 2021-02-26 22:55 | Report Abuse

Statement say put the past behind. What bs

Posted by swagger855 > 2021-02-26 22:57 | Report Abuse

Last time MYEG also kena fk by pakatan harapan. Change gomen = Change Policy. The unlucky public company that is not favoured by the prevailing regime will kena kao kao.

Posted by LaksaBoy > 2021-02-26 23:03 | Report Abuse

Straight away limit down la..

Posted by XxxxXzz > 2021-02-26 23:03 | Report Abuse

This time ambank should made an analysis report and tp for themself. Don't always comment and value other company. Own company also big issue

Posted by paperplane > 2021-02-26 23:09 | Report Abuse

0%, somemore need raise capital also. Ask them close shop enough lah. merge with others lah

Posted by paperplane > 2021-02-26 23:10 | Report Abuse

So DIRECTORS all getting how much pay ya?? SOOOOOOOO MANYYYYYYYY DIRECTORS OH

Posted by Up_again > 2021-02-26 23:12 | Report Abuse

All shareholders and glove supporters should transfer their cash deposits

Posted by paperplane > 2021-02-26 23:12 | Report Abuse

9BIL MKT CAP, PAY FINE 2.8BIL ,apa macam....hehehe

Posted by mf > 2021-02-26 23:13 | Report Abuse

Dow Jones 31,099.07 -302.94 0.96%
Nasdaq 13,079.08 -40.355 0.31%

Posted by yingzhe17 > 2021-02-26 23:22 | Report Abuse

U see many C level sold their sales 1-2 months ago. They know something is coming , SC need to investigate.

Posted by DonWorryBeHappy > 2021-02-26 23:23 | Report Abuse

Looks like I ll be bag holder for 2 yrs

Posted by XxxxXzz > 2021-02-26 23:30 | Report Abuse

Aiyah don't simply say lar, no matter how pidm still protect our money. Even bankcrupt lol

Posted by yingzhe17 > 2021-02-26 23:37 | Report Abuse

Insurance or not, bank run first. Share with all. Even with pidm, it’s a hassle to claim like any other insurance.

Posted by XxxxXzz > 2021-02-26 23:40 | Report Abuse

U go back work on Monday tell ur boss lor haha, saving account doesn't influence much back, only company account have that much influence.

Posted by yingzhe17 > 2021-02-26 23:43 | Report Abuse

Whatever it is. Run first. Move to MBB or PBB.
It’s a hassle if got problem. Most of us been thru 1997/1998. It was not easy even with pidm.

Posted by melanie1818181818 > 2021-02-26 23:45 | Report Abuse

Pidm only guarantee up to 250k/acc

Posted by bhullar_1972 > 2021-02-21 22:54 | Report Abuse

Jo Low take money...ambank shareholders pay....fine and jail the management, not punish the shareholders...what justice system...ambank company only took profit RM70k from 1MdB transaction...Jo Low & Najib took all the money.

Posted by OkieDokie > 2021-02-26 23:51 | Report Abuse

Base on past three year earnings average 2018-2020 @ 44 sen/year, with today closing of 3.16 the PE is about 7.0. NAP drop from RM6.18 to RM5.22 is a temporary setback, as you can see, ABMB/BIMB are with lower NAP and higher PE at current price.

Furthermore, there are adequate capital buffers to absorb this settlement without an immediate need to raise additional equity capital.

Hence , IMHO, if the price drop below 3.0, a buying opportunity would probably surface, and if it drops to March 19 panic sell level of 2.8 that would probably be a good buy.

Disclaimer : not a buy sell call

Posted by Jeffreyteck > 2021-02-26 23:53 | Report Abuse

1. Non disclosure of significant event on time.
2. No provisions were made prior to this.
Authorities are also need to be blamed?

Posted by XxxxXzz > 2021-02-26 23:57 | Report Abuse

Okiedokie, finally you are the one support the management haha. But did you noticed all the chief level disposed their share during Dec? They leave you behind but u still support them haha

Posted by melanie1818181818 > 2021-02-26 23:58 | Report Abuse

Current nta 6.4 - 1.0 = 5.4, recent price 3.2/5.4 = 0.6. So pb value is 0.6 instead of 0.5, lose about 10% of retained earnings 20b. There’s a reason that the price stuck around 3, institutional investors/ funds knew about this all this while

Posted by XxxxXzz > 2021-02-27 00:02 | Report Abuse

Listed more than 17 year already nta only rm6.12. Now this happpend direct affect 93sen, 15% of the nta.
They can't get much profit as previous qr already.
Capital cash loss 2.3b, if they can utilise this 2.3b earn 5% mean profit down 115m per annum.

Posted by melanie1818181818 > 2024-07-16 11:09 | Report Abuse

Actually in the US, bank management will be sued by the shareholders and compensation will be recovered from them. Only in boleh land management can still get esos and paid high salary and get away with losing 10% of retained earnings

Posted by MuttsInvestor > 2024-08-15 10:49 | Report Abuse

Fines and Warning are MEANINGLESS .
MorganStanley, BankofAmerica, LemansBrothers, etc where JUSt fined. Pay ... Ans say 'Sorry". After That Continue to "%#$$%@#@#$%$%" and if CAUGHT ....Pay Fine Again. Govn should have curtail their Business licenses. Like No More Foreign Transactions ( Funds, Currencies, Etc ) Thus STOP ..Money Luandering . Then CUT their Branches Licenses by 50%. ALL Rural branches are to be SHUT DOWN. This will STOP .... "PayOFF" to cronies, etc that contributed to 1MDB. Then AMMB will NO LONGER be given ACCESS to InterBank MM or Govn Bonds/Treasuries. ........... This will SERVE as a WARNING to other BANKS about stopping activities like 1MDB. ............... BUt this is WISHFUL THINKING. Govn/political parties/etc are too entrenched with "I help you ...You Help me " ....

Posted by XxxxXzz > 2021-02-27 00:04 | Report Abuse

They can't make 44sen anymore, loss of 2.3b cash capital to lend out earn interest.

Posted by zoizai > 2021-02-27 00:06 | Report Abuse

Soon will drop to rm2

Posted by XxxxXzz > 2021-02-27 00:09 | Report Abuse

Ask supermax borrow them fund or invest become associate. Supemax have 4b don't know how to spend

Posted by OkieDokie > 2 months ago | Report Abuse

XxxcXzz, not a good ideas, I got high stakes in the gloves sectors, I would prefer the glove bosses uses their fund for their own benefits lol

Posted by OkieDokie > 2021-02-27 00:31 | Report Abuse

/melanie1818181818., you are probably right on institutional fund, we shall see next Monday. May be can switch asome stocks from gloves to bank, if the drop is significant enough.

Posted by OkieDokie > 2021-02-27 00:39 | Report Abuse

Jeffreyteck, that is a million dollar question , how come no provision made earlier ?
The 1mdb case has been for years....

Posted by OkieDokie > 2021-02-27 00:41 | Report Abuse

sometime this is how glc works ... when money is in need, it is really handy indeeds

Posted by yingzhe17 > 2021-02-27 01:05 | Report Abuse

Ambank run on Monday. If you see disclosures, their C suite has been selling 2 months ago. Shareholders should sue and vote for suspension of ESOS. Plus claw back previous executive bonus , change their Board members.

Defense yourself, run on Monday

Posted by melanie1818181818 > 2021-02-27 01:14 | Report Abuse

what do you wanna see?
i already queued to buy at limit down price 2.22
very likely to get it at the opening due to panic selling, expect the price to slowly recover after open
at 2.22, pbv is 0.4 and pe is 7.4 assuming eps 30 cents/share earnings
if you think not cheap enough, buy in batches


OkieDokie /melanie1818181818., you are probably right on institutional fund, we shall see next Monday. May be can switch asome stocks from gloves to bank, if the drop is significant enough.

Posted by yingzhe17 > 2021-02-27 01:24 | Report Abuse

94 sen loss per share. It will exceed the day 1 limit down. With panic sell, it might drop more. Overall I think that price will be circa Rm1.6. Due to drop of market cap, cost if fund, bf, and many things will change. Ammb might need private placement to further dilute the current share holders to rm1.20 to survive or end up assets stripping like what CIMB likes to do. End up shell only. My bet is they will try merger and selling their business big chuck like insurance or investment.

https://www.theedgemarkets.com/article/ambank-enough-buffer-absorb-rm283b-global-settlement-involvement-1mdb-transactions

Posted by paperplane > 2021-02-27 01:59 | Report Abuse

One of the banking grp with large numbers of directors. Their biz must be very big.

Posted by paperplane > 2021-02-27 02:06 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3285859

Posted by paperplane > 2021-02-27 02:07 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3285439

Posted by paperplane > 2021-02-27 02:08 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3285279

Posted by paperplane > 2021-02-27 02:49 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=202109&name=EA_DS_ATTACHMENTS

Posted by paperplane > 2021-02-27 02:55 | Report Abuse

AMBANK CAN SHORT SELL AH?? HEHE