Posted by Bgt 9963 > 2021-08-27 08:55 |

Post removed.Why?

Posted by Godofgambler > 2021-08-27 10:19 | Report Abuse

TP4.5 coming

Posted by Godofgambler > 2021-08-27 14:53 | Report Abuse

Just hold guys

Posted by Godofgambler > 2021-08-29 21:53 | Report Abuse

Can admin ban spammers?
He just called ammbank corruption banks

Posted by Keyman188 > 2021-08-30 13:14 | Report Abuse

Encouraging start to FY22

AmBank Group delivers 6% growth in net profit and annualised ROE of 10%
Additional RM87.2 million overlay taken

AMMB Holdings Berhad (AmBank Group or the Group) today announced its financial results for the period
ended 30 June 2021 (Q1FY22).

Summary of Q1FY22 Results1

 Total income grew 13.3% to RM1,237.9 million, driven by higher loans growth and Net Interest Margin (NIM). Excluding the net modification loss, adjusted income increased to RM1,205.2 million, up 4.8% year on year (YoY)

 Expenses were well contained at RM494.6 million, down by 8.2%. Cost-to-income (CTI) ratio improved further to 40.0% from 49.3% a year ago, delivering a positive JAWS of 21.5%

 Profit before provisions (PBP) increased 34.2% to RM743.3 million, adjusted PBP grew 16.2%

 Net impairment charge of RM203.2 million (Q1FY21: RM49.9 million), including an additional overlay provision of RM87.2 million

 Gross impaired loans (GIL) ratio of 1.56% (FY21: 1.54%), with loan loss coverage2 (LLC) ratio of 138.0% (FY21: 135.6%)

 Net profit after tax and minority interests (PATMI) increased 5.9% to RM386.6 million

 Return on equity3 (ROE) at 10.0% (Q1FY21: 7.7%). Return on assets3 (ROA) of 1.01% (Q1FY21: 0.97%) and basic earnings per share (EPS) of 11.9 sen (Q1FY21: 12.1 sen)

 Net assets per share of RM4.81 (FY21: RM4.87)

 Gross loans and financing grew 0.7% year-to-date (YTD) to RM115.6 billion (FY21: RM114.8 billion)

 Customer deposits decreased by 5.3% YTD to RM114.1 billion, with time deposits reducing by 5.6% while current account and savings account (CASA) balances saw a 4.6% reduction (CASA mix higher at 29.9%). The Group remains highly liquid with the liquidity coverage ratio (LCR) of 198.0% (FY21: 157.5%)

 Financial Holding Company (FHC) Common Equity Tier 1 (CET1) capital ratio strengthened to 12.3% (FY21: 11.3%) and Total Capital ratio of 15.3% (FY21: 14.5%)

Posted by Keyman188 > 2021-08-30 13:19 | Report Abuse

Divisional performance (Q1FY22 vs Q1FY21)

Wholesale Banking – PAT fell 41.0% YoY

Income fell 15.6% YoY to RM343.8 million, mainly resulting from lower trading and investment income.Expenses were broadly stable YoY. Net impairments were at RM74.4 million, compared to net recovery of
RM5.2 million a year ago, mainly due to increase in model-driven forward looking adjustments. Net profit after tax (PAT) of RM158.9 million, saw a 41.0% reduction. Gross loans increased 0.8% YTD to RM35.9 billion, whilst customer deposits decreased 11.0% YTD.


Retail Banking – PAT grew 86.5% YoY

Total income of RM421.8 million, marked a 23.4% YoY. NII was 22.5% higher, driven by higher loans as well as NIM. NoII increased 29.1%, attributable to higher cards related fee income and commission income from Wealth and Personal Banking. Expenses fell 3.6% YoY. Net impairments were higher at RM42.5 million, compared to RM36.4 million a year ago. Overall, PAT increased by 86.5% to RM133.1 million. Gross loans increased 0.7% YTD to RM65.2 billion, mainly from mortgages and personal financing. Customer deposits increased 5.7% YTD, mainly driven by fixed deposits.


Business Banking – PAT grew 69.7% YoY

Income up by 40.7% to RM112.7 million. NII grew 42.8% mainly on higher NIM as a result of lower cost of funds. NoII was 33.2% higher, mainly from higher trade finance related fee income. Expenses fell 6.1% to
RM31.4 million. PAT of RM51.8 million, up by 69.7%. Gross loans remained stable at RM12.7 billion while customer deposits increased 3.2% to RM8.5 billion.


Investment Banking and Fund Management – PAT grew 81.5% YoY

Overall income increased 36.3% to RM99.5 million, reflecting higher performance and management fee income from Fund Management. Operating expenses were down 2.4% to RM40.6 million. PAT of RM47.3 million, up by 81.5% YoY.


Islamic Banking – PATZ up 1.8% YoY

Total income up 31.3% to RM259.6 million. Operating expenses fell by 1.0%, with net impairment charge of RM93.4 million, compared to RM32.4 million a year ago, mainly due to additional overlay and forward-looking provision and lower recoveries. Profit after zakat and taxation up 1.8% to RM73.0 million.


General Insurance – PAT fell 3.0% YoY

Income reduced by 22.0% YoY to RM162.0 million, reflecting lower investment income, partially offset by higher premiums. Operating expenses decreased 38.6% to RM73.8 million from lower marketing cost. Profit after tax reduced by 3.0% to RM72.5 million.


Life Insurance and Family Takaful – PAT of RM25.4 million

The Life Insurance and Family Takaful businesses recorded a PAT of RM25.4 million compared to RM21.2 million a year ago, mainly due to higher premiums, partially offset by lower investment income. The Group
has equity accounted the results of the life insurance and family takaful business to reflect the Group’s effective equity interests in the joint ventures.

Posted by CakapSohaiThings > 2021-08-30 13:20 | Report Abuse

Earnings normalized. QR within expectations. TP RM4.5

Posted by Godofgambler > 2021-08-30 16:49 | Report Abuse

Tp4.5.
Keep on top up and support ambank

Posted by Keyman188 > 2021-08-30 16:52 | Report Abuse

Unexpected quarterly financial performance...

Really great impressive...

Worse is over for Ambank...

Laggard behind amongst banking stocks...

Posted by Godofgambler > 2021-08-30 19:39 | Report Abuse

Keep up... Don't be a sore losers just like some other people "T" & "C"
In Ambank we trust

Posted by yfchong > 2021-08-31 00:24 | Report Abuse

Ada kang tao next quarter...

Posted by investortrader88 > 2021-08-31 16:25 | Report Abuse

Top 25 shareholders own 72.6% of AMMB Holdings Berhad


Australia and New Zealand Banking Group Limited
21.63%
Clear Goal SDN BHD
11.8%
Employees Provident Fund of Malaysia
9.67%
Permodalan Nasional Berhad
7.44%
Principal Global Investors, LLC
3.52%
Merit Alpha Sdn. Bhd.
2.11%
BlackRock, Inc.
1.94%
Eastspring Investments (Singapore) Limited
1.82%
The Vanguard Group, Inc.
1.58%
Kumpulan Wang Persaraan
1.41%
State Street Global Advisors, Inc.
1.25%
Ma Yu Chua
1.11%
Areca Capital Sdn Bhd
0.83%
Pertubuhan Keselamatan Sosial
0.8%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments
0.79%
Public Mutual Berhad
0.74%
Affin Hwang Asset Management Berhad
0.71%
AIA Investment Management Private Limited
0.71%
Norges Bank Investment Management
0.67%
AIIMAN Asset Management Sdn. Bhd.
0.66%
Boon Seng Tan
0.53%
Dimensional Fund Advisors L.P.
0.37%
AP Fonden 2
0.21%
Geode Capital Management, LLC
0.16%
Swedbank Robur Fonder AB
0.14%

Posted by dragon328 > 2021-08-31 16:54 | Report Abuse

Cheapest bank stock in terms of PER or price to book value. The worst is over, Ambank trading near year low will catch up with other bank stocks like CIMB or RHB which are trading near year high.

Posted by CakapSohaiThings > 2021-09-01 09:12 | Report Abuse

Just like C1MB after the H8nt8p issue, the best time to buy is now a past. Slowly climbing back like how C1MB climbed from RM2.90 to currently 4.9x. C1MB is now only few cents away from my TP

Posted by CakapSohaiThings > 2021-09-01 09:16 | Report Abuse

Lets ride this camel back to 4.5

Posted by Keyman188 > 2021-09-01 09:37 | Report Abuse

WHY UP!!!...

WHY GREEN!!!...

WHY SO EXCITED!!!...


wkwkwk...kekeke...hehehe...

Posted by Godofgambler > 2021-09-01 10:25 | Report Abuse

See you at 4.90
Ambank we trust..

Posted by Keyman188 > 2021-09-01 10:26 | Report Abuse

See you @ 7.00...

Ambank started to regain confident...


wkwkwk...kekeke...hehehe...

Posted by Godofgambler > 2021-09-01 10:58 | Report Abuse

Ambank we trust!

Posted by Godofgambler > 2021-09-01 11:13 | Report Abuse

Go-go AMbank TP5.00

Posted by yfchong > 2021-09-01 12:48 | Report Abuse

All chun chun call or tilik ye..

Posted by yfchong > 2021-09-01 12:57 | Report Abuse

Unexpected Mr Chua also participate in camel riding...

Posted by skykai > 2021-09-01 21:28 | Report Abuse

nice one

Posted by Godofgambler > 2021-09-02 09:07 | Report Abuse

Gogogogogogoo

Posted by Godofgambler > 2021-09-02 09:07 | Report Abuse

Tp5.00

Posted by investortrader88 > 2021-09-02 10:26 | Report Abuse

Ambank.looking good.chasing it peers !

Posted by CakapSohaiThings > 2021-09-02 12:00 | Report Abuse

Keyman TP 7.00. Timeframe 2-5 years?

Posted by Godofgambler > 2021-09-02 12:25 | Report Abuse

Reaching 4.50 should not be a problem..
Major news coming up.

Posted by Havefun > 2021-09-02 12:53 | Report Abuse

What news?

Posted by investlogic > 2021-09-02 13:10 | Report Abuse

**********************************************
** What AMMB Board and Management scare of? **
**********************************************

This morning AGM has demonstrated a serious corporate governance issue in the bank, and reveal what they scare of...

(1) To start, there are many shareholders emailed in their pre-AGM questions accordingly to their administrative guidelines, however, all are being filtered. Only big shots, like PNB, MSWG and KWAP, questions are presented and answered. All other minority shareholders pre-AGM questions are ignored. This suggested that AMMB are treating shareholders differently, only entertain big funds, while ignoring all other shareholders, especially retail investors.

(2) Then during live questions, the board and management had also only picked simple questions to answer, while filtered all the difficult questions.
(3) Moderator also blatantly declare no other questions were received to quickly end the Q&A session, but instead, there are many questioned posted but unanswered.

I presume some of these questions had touched their nerves that they try to avoid. They probably scare to face these questions. Let's take a look at some of these filtered questions:
(1) Our bank pays RM2.83 billion to MoF to settle the misconduct case in the 1MDB bond. Understand that this amount represented more than 50% of the bond total value, and more than 5 times the fee that Ambank received. Considering that the money raised is not siphoned by Ambank, why do we need to pay such a big amount to cover the 1MDB loss? What is the rationale for reaching this amount?

(2) The 1MDB settlement amount of RM2.83 billion is a great detriment to our company, it is equivalent to more than 30% to market cap, more than 14% to total equity and almost 3 years of group core earnings. This transaction is obviously material in terms of amount and nature, why does this transaction does not require shareholder approval?

(3) The media reported that our the bank helped middlemen to gain in 1MDB bond fundraising process, which seems like a type of kickback.
a) Are these types of kickback to middlemen common in our bank, and in the banking industry?
b) Are these types of practices legal?
c) Are the board at that time, aware of these arrangements?
d) If it is illegal, why none of the previous bank officers who were involved, and current/previous board members who approved these transactions are held responsible?
e) Are AMMB paying this big sum to MoF to protect this group of people from being charged, but in the expenses of other shareholders?
f) Do our board planning to crawl back the loss from executives and board members who were responsible?
(4) FY2021 reported big one-off exceptional items, such as 1MDB settlement, goodwill impairment and REIT impairment, which total RM4.77 billion. This would significantly reduce the total equity of our bank, and hence artificially raise the ROE.  Will the KPI of management be adjusted accordingly? If so, please share the before and after KPI for our management.
Shareholders who posted difficult questions during the AGM were not trying to make them look bad, instead are trying to express their concerns, and at the same time, give BOD and management an opportunity to explain/defend themselves. However, it appears that our BOD and management are too frightened to answer these questions? Or, their IR department has higher power that can stop the questions to them? Whatever it is, this illustrated serious corporate governance and transparency issues.

Since shareholders questions were being filtered by the BOD and management in the AGM, let us all post these questions here, so that we can have a better picture of areas which are possible a big red flag.

Posted by Godofgambler > 2021-09-02 13:18 | Report Abuse

Investlogic no one will read your absurd illogical questions.
Company aims is to look forward but not backward.
Clinging at the past history bring no benefits to anyone.
Most important is to learn past mistakes and make Ambank a greater bank again.

Posted by Godofgambler > 2021-09-02 13:21 | Report Abuse

They are not scared of saying anything.
Just scared you guys simply twists the words into other irrelevant things.
You know Malaysia always boleh..
And many pusing hardcore pop here got nothing better to do and gossip twists whole day long..

Posted by TedTock > 2021-09-02 14:26 | Report Abuse

If you think rationally, for the sake of both parties and to provide a reasonable, constructive well-thought out response that the audience can benefit from, these types of questions cannot be answered off the cuff.

Posted by Havefun > 2021-09-02 15:12 | Report Abuse

Any news?

Posted by Havefun > 2021-09-02 15:42 | Report Abuse

Rsi hit the roof already

Posted by Godofgambler > 2021-09-02 20:12 | Report Abuse

Good news ahead...
Cruise with babes sailing to the north.
Triple turbo engine on...
Sweetttttt....

Posted by alenac > 2021-09-02 20:25 | Report Abuse

Why buy a counter that is not transparent? This is the reason sardines always will be holding shares at high prices because they don't care about accountability and they are justly ignored by management.

Posted by investlogic > Sep 2, 2021 1:10 PM | Report Abuse

**********************************************
** What AMMB Board and Management scare of? **
**********************************************

This morning AGM has demonstrated a serious corporate governance issue in the bank, and reveal what they scare off...

Posted by Godofgambler > 2021-09-02 21:31 | Report Abuse

Tight lips doesnt mean scare anything....
Being silence doesn't mean doing anything wrong..
Heard of diam2 ubi berisi?

Posted by investlogic > 2021-09-03 11:00 | Report Abuse

Shortsighted view will only lead you to chopping board. I understand there are a group of investors only matter about the price but not fundamental nor corporate governance. This explain why we often see major shareholders burns billions, collapse a company, still can get away, and investors still line up behind its next chopping board... I guess you are right, we as a community deserve it, because we only matters for money, forget what is right or wrong, forget that is is the accountability that can avoid it from happening again. Good luck.

Posted by investlogic > 2021-09-03 11:20 | Report Abuse

By the way, last time when 1MDB case first blown up and Ambank got fined by BNM few years back, some wise investor did warn us that this event will not end so easily, and requesting to held executives accountable, but some smart ass on the floor condemn him for not looking forward. Anyway, looking back now, i thank him as i cut quite a substantial stake then. Whoever he is, good job and thank you.

Posted by Keyman188 > 2021-09-03 12:05 | Report Abuse

Really laugh die Keyman188 liao...

All father..mother..grandfather..grandmother..cicit..story come out liao...

Aiyo...old man always say...investment on equities based on your comfortable level...based on your understanding...based on your capacity...

Management did not put the gun at your head to ask you invest or buy their share...

If you feel not comfortable either you cut loss or stop invest lorrr...


Life just simple......



wkwkwk...kekeke...hehehe...







Posted by investlogic > Sep 2, 2021 1:10 PM | Report Abuse

**********************************************
** What AMMB Board and Management scare of? **
**********************************************

This morning AGM has demonstrated a serious corporate governance issue in the bank, and reveal what they scare of...


Posted by investlogic > Sep 3, 2021 11:00 AM | Report Abuse

Shortsighted view will only lead you to chopping board. I understand there are a group of investors only matter about the price but not fundamental nor corporate governance.


Posted by investlogic > Sep 3, 2021 11:20 AM | Report Abuse

By the way, last time when 1MDB case first blown up and Ambank got fined by BNM few years back, some wise investor did warn us that this event will not end so easily, and requesting to held executives accountable, but some smart ass on the floor condemn him for not looking forward. Anyway, looking back now, i thank him as i cut quite a substantial stake then. Whoever he is, good job and thank you.

Posted by yfchong > 2021-09-03 13:46 | Report Abuse

See North star...?

Posted by tenti > 2021-09-03 15:09 | Report Abuse

upward

Posted by Keyman188 > 2021-09-03 17:18 | Report Abuse

Really fantastic KLCI today...

Last min push up to close +7 pt...

Next week (06/09 ~ 10/09) KLCI expected moving forward range...

KLCI retest 1604 level...

KLCI revisit 1623 level again...

Posted by Godofgambler > 2021-09-04 00:39 | Report Abuse

Investlogic blah blah blah blah...
Nagging about old history lol.. Past tense.
Forget the past and rocket forward dude.
Never look back..

Posted by bullmarket1628 > 2021-09-04 10:50 | Report Abuse

Langkawi To Welcome Local Tourists As ‘Pilot Project’ Starting 16 September
Published 2 days ago September 2, 2021

worldofbuzz.com/langkawi-to-welcome-local-tourists-as-pilot-project-starting-16-september/

Posted by bullmarket1628 > 2021-09-04 10:50 | Report Abuse

The government has agreed to open the tourism sector in several destinations under the ‘travel bubble‘ programme based on a list of conditions.
As reported by Utusan Malaysia, Prime Minister Datuk Seri Ismail Sabri Yaakob said, for a start, Langkawi Island was chosen as a pilot project to be reopened to local tourists on Malaysia Day, 16 September.
“We are pleased to inform that through the meeting, we agreed to open the tourism sector in several destinations under the “travel bubble” programme based on the conditions set. For a start, Langkawi Island has been selected as a pilot project to reopen to local tourists starting 16 September,” he said.
He added that it would not be long before other tourist destinations will also be a part of this project.

“Other tourist destinations will be allowed to operate when the locality vaccination rate reaches 80%,” he said.

Posted by Godofgambler > 2021-09-06 09:13 | Report Abuse

Ready to fly soon

Posted by Godofgambler > 2021-09-06 09:41 | Report Abuse

Ambank is gonna be great again..
Just like Trump always say... Is gonna be great

Posted by Godofgambler > 2021-09-06 09:42 | Report Abuse

Pasti Rm4.50 soon