Posted by CakapSohaiThings > 2021-02-27 17:51 | Report Abuse

Definitely will attract a lot of day/swing traders and contra players next week.
Competition will be very fierce

Posted by memorylane > 2021-02-27 18:05 | Report Abuse

Settlement amount is equal to 30% of it market cap... have to wait for one limit down round to see the support...

Posted by CakapSohaiThings > 2021-02-27 19:06 | Report Abuse

But traders dont care about fundamentals, if all other banks resume uptrend, this shit will follow after the Monday selldown. Monday is the best time to bottomfish if it drops

Posted by CakapSohaiThings > 2021-02-27 19:17 | Report Abuse

If follow fundamentals, loss making and near PN17 airasia and aax should not go up.

Everyone here is a short term trader, the possible fear sentiment on Monday may open up a good opportunity to enter.

Posted by beso > 2021-02-27 19:27 | Report Abuse

like it or not, there is only one way for monday which is limit down due to the usd 699m scandal settlement, if you didn't sell yesterday that's too bad. lol

Posted by willc48 > 2021-02-27 19:30 | Report Abuse

2.2b settlement to due 1mdb. drain cash flow. better jual now

Posted by XxxxXzz > 2021-02-27 21:03 | Report Abuse

For those enter first day will bleed and cut loss help market drop down the share price I think. We just wait the share price stable just enter otherwise too much risk

Posted by Start_0f_the_bull > 2021-02-27 21:30 | Report Abuse

Hope it crashes to RM2 on Monday then can enter.

Posted by AllanTingAS > 2021-02-27 21:59 | Report Abuse

Another nonsense write up, limit down is at RM2.21 (3.16-0.95). No way to reach RM2.00!!

Posted by Start_0f_the_bull > 2021-02-27 22:22 | Report Abuse

Wait for Tuesday or thereafter then.

Posted by paperplane > 2021-02-27 23:08 | Report Abuse

Why must you buy and become shareholders, with board paying you 0 dividend, while they collecting directors fees ah??? Like tht i also can be board of directors. Tiu

Posted by DataValue > 2021-02-27 23:09 | Report Abuse

lets see how market react, if limit down on mon i wont sell, probably will buy more to average down, but its not a counter to hold for long anymore, company's reputation is one of the important factor to me.

Posted by stkoay > 2021-02-27 23:18 | Report Abuse

Genting Malaysia.....made a loss of 2.26B in 2020....NAPS RM2.51

Share price is now on uptrend....

Posted by stkoay > 2021-02-27 23:29 | Report Abuse

Since the 1MDB issue in 2015....their NAPS has increased from RM4.90 to current RM 6.40...

....writing off 90+ sen from NAPS and no dividend for current year for settlement....what is the big issue to result a limit down in share price....haha....so many naive people....LOL

Posted by DataValue > 2021-02-27 23:32 | Report Abuse

genm with Enterprise value (EV) 24K mil, Market cap (MC) 17K mil, Ambank EV 10K mil, MC 9.5K mil

Posted by stkoay > 2021-02-27 23:33 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3134275

Based on the latest consolidated financial statements of AMMB Group as at 31 March 2020, the proforma effects of the Global Settlement will reduce the NA per share from RM6.18 to RM5.22.



As at 31 December 2020, the estimated proforma impact to Core Equity Tier 1 (“CET1”) and Total Capital Ratio (“TCR”) ratio is estimated to be reduced from 13.52% to 11.01%; and 16.39% to 13.88%, respectively after the proposed provision for the Global Settlement.



The Group remains highly liquid with Liquidity Coverage Ratio (“LCR”) of 155.8% and Net Stable Funding Ratio (“NSFR”) for all operating entities above 100%. However, the Group plans to raise Tier 2 debt capital to increase total capital available for on-going working capital purposes.

Posted by stkoay > 2021-02-27 23:37 | Report Abuse

https://www.malaymail.com/news/malaysia/2021/02/26/mof-ambank-to-pay-rm2.83b-to-malaysia-as-1mdb-settlement-will-save-time-ins/1953183

According to the AmBank Group’s website, AMMB Holdings is the public-listed holding company of AmBank Group, while the group is stated to be the country’s sixth-largest banking group by assets, with around RM9 billion of market capitalisation and RM169.2 billion worth of assets as of March 31, 2020.

Posted by stkoay > 2021-02-27 23:39 | Report Abuse

Settlement of 2.83B is just 1.67% of total assets of 169B....why limit down....LOL

Posted by Moustache > 2021-02-27 23:42 | Report Abuse

Agreed, wonder who will sell to limit down.

Posted by paperplane > 2021-02-27 23:42 | Report Abuse

Is the asset their assets ah? Mkt cap 9bil??where

Posted by paperplane > 2021-02-27 23:42 | Report Abuse

Monday you see mkt cap below 9bil,wakakaka

Posted by paperplane > 2021-02-27 23:44 | Report Abuse

Wont limit down, because paying 2.8 bil just equal 2 years profit only lah, nothing right

Posted by stkoay > 2021-02-27 23:44 | Report Abuse

Posted by Moustache > Feb 27, 2021 11:42 PM | Report Abuse

Agreed, wonder who will sell to limit down.

----------------------------------------------------------------------

Got ! the people who don't own this stock but holding gloves shaares.....haha...LOL

Posted by stkoay > 2021-02-27 23:48 | Report Abuse

EPF owns 40% of RHB...16% of CIMB...14% of MBB.....

...this stock only 10%....limit down?....EPF will be so happy to increase....

Posted by yingzhe17 > 2021-02-27 23:51 | Report Abuse

Epf won’t increase. They have been selling little by little over the years. Happy to know that since we all have epf. Monday limit down. Then Tuesday continue. Ceo not even dare to announce to staff and now all wondering their 6 months bonus coming June and Esos still valid .

Posted by stkoay > 2021-02-28 00:01 | Report Abuse

Come back on Monday to see who is correct.

I own some (CIMB much more) and will be happy to add this one if it drops much....

...it is opportunity like this that make the rich people gets richer....Cheers !

Posted by stockraider > 2021-02-28 00:02 |

Post removed.Why?

Posted by paperplane > 2021-02-28 00:05 | Report Abuse

Raider bro, very uncommon right

Posted by stkoay > 2021-02-28 00:06 | Report Abuse

Wow...have just checked profile/comments.....I am responding to people who goes to many forums just to talk 3 talk 4....haha...LOL

Posted by paperplane > 2021-02-28 00:06 | Report Abuse

Yingzhe17, you ambank staff? Come tell some inside stories. Hehe

Posted by stkoay > 2021-02-28 00:07 | Report Abuse

@stockraider.....want to cari makan....at their mercy...what to do??

Posted by paperplane > 2021-02-28 00:08 | Report Abuse

Talk 3,talk 4 is spirits of forum. Aren't they

Posted by stkoay > 2021-02-28 00:12 | Report Abuse

He the staff of...MBSB...Top Glove...Tenaga...Caely...Penmaster...RHB....and so many more.....report for work just to talk 3 talk 4....haha...LOL

Posted by paperplane > 2021-02-28 00:15 | Report Abuse

Dont catch falling knife, this stock anytime RM2 lvl liao

Posted by stockraider > 2021-02-28 00:16 | Report Abuse

U think General Raider so bad heart to cari makan on people who kena Rm 2.8B other people scandal settlement ah ?

Raider just want the bank to think baik baik....so that it do not simply settle Rm 2.8B loh!!

U think the Rm 2.8B ...is the directors monies meh ??

It is the shareholders monies mah....!!

The sum is large loh!


Posted by stkoay > Feb 28, 2021 12:07 AM | Report Abuse

@stockraider.....want to cari makan....at their mercy...what to do??

Posted by paperplane > 2021-02-28 00:17 | Report Abuse

Yalor. How they can decide to pay like that, got agm, egm approval ah. It's not a fine to them yet right, if so, why nvr fighr for shareholderd also? Like that become ue shareholders is 无瘾

Posted by stockraider > 2021-02-28 00:18 | Report Abuse

pakai otak lah...!!

Why look at assets leh ??

U should look at shareholders fund mah...!!


Posted by stkoay > Feb 27, 2021 11:39 PM | Report Abuse

Settlement of 2.83B is just 1.67% of total assets of 169B....why limit down....LOL

Posted by paperplane > 2021-02-28 00:18 | Report Abuse

Bank i think only abt 1 thing, reputation

Posted by paperplane > 2021-02-28 00:20 | Report Abuse

Raider, he not in this line obviously,wakaka.

Posted by paperplane > 2021-02-28 00:22 | Report Abuse

He assuming can take 2.8 bil from deposit money and payoff kot. Wakakakaa

Posted by paperplane > 2021-02-28 00:22 | Report Abuse

Deposit is liabilities, by the way oh.

Posted by stkoay > 2021-02-28 00:23 | Report Abuse

@stockraider....I meant the bank wants to continue doing business and is at their mercy....not referring to you ya...haha.

Posted by paperplane > 2021-02-28 00:23 | Report Abuse

Good right, take liability payoff 2..8bil,liabilities reduce also, wakakakaka. Win win situation, shd limits up Monday. 2.8bil liabilities reduced liao, wakakakaka

Posted by stockraider > 2021-02-28 00:48 | Report Abuse

Lose only pay lah...!!

Boloh...simply surrender Rm 2.8B mah!


Posted by stkoay > Feb 28, 2021 12:23 AM | Report Abuse

@stockraider....I meant the bank wants to continue doing business and is at their mercy....not referring to you ya...haha.

Posted by melanie1818181818 > 2021-02-28 05:36 | Report Abuse

I think shareholders would rather stop doing business than simply paying 2.8b.
After settling all the obligations, still can keep 20b which is about 6.4/share.

As the sixth largest bank handling 110b loan, ceasing business will impact the liquidity of financial banking system. So, it is mind-boggling how they can simply agree to pay 2.8b.
Did the management ever fought for the interest of shareholders?

Worst, what is the wrongdoing it is being penalized for?
Goldman is penalized US3.9b for raising and dubiously diverting US6.5b bonds.

What did this camel did to warrant such massive settlement?

Posted by bhullar_1972 > 2021-02-28 07:59 | Report Abuse

Actually EPF having been buying AMMB in 2020, Refer https://klse.i3investor.com/servlets/stk/annchsh/1015.jsp?type=All
So, Jho Low take Money and the rakyat have to pay through EPF... this is good PN governance?

Posted by jack2 > 2021-02-28 08:34 | Report Abuse

Posted by paperplane > Feb 27, 2021 2:06 AM | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3285859 Posted by paperplane > Feb 27, 2021 2:07 AM | Report Abuse

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


paperplane
21016 posts
Posted by paperplane > Feb 27, 2021 2:08 AM | Report Abuse

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


paperplane
21016 posts
Posted by paperplane > Feb 27, 2021 2:49 AM | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...


insiders hve been selling in end dec 2020, surely inside info
shud report to SC

Posted by paperplane > 2021-02-28 09:20 | Report Abuse

Hehe.
It's not an issue on law, it's an issue on personal ethical. Wakakaka

Posted by XxxxXzz > 2021-02-28 10:06 | Report Abuse

Amb should go court la, took so many year until court of appeal, who know within this few year najib return back as PM. Then court can win dy

Posted by yingzhe17 > 2021-02-28 10:07 | Report Abuse

Melanie, you are funny. Liquidity won’t stop. Ambank also loan from a and give to b. No need them other bank can do also.