ALLIANCE BANK MALAYSIA BERHAD

KLSE (MYR): ABMB (2488)

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Last Price

3.53

Today's Change

-0.01 (0.28%)

Day's Change

3.50 - 3.56

Trading Volume

3,185,900


6 people like this.

1,722 comment(s). Last comment by pang72 8 hours ago

Posted by wallstreetrookie > 2022-06-13 08:39 | Report Abuse

Alliance Bank price target RM2.60 by August

Posted by wallstreetrookie > 2022-06-13 08:41 | Report Abuse

This bank disposed their asset management/brokerage division a long time ago. Alliance Bank's main revenue comes from commercial banking and generates a small amount of revenue from transaction banking and corporate banking. Unlike Hong Leong Bank and UOB, Alliance Bank has no investment banking division and does not participate in any deal flows/mergers and acquisitions.

Alliance Bank is still the worst bank in Malaysia. It might be worse than Affin Bank at this point

Posted by wallstreetrookie > 2022-06-13 08:42 | Report Abuse

I don't get why people invest in Alliance Bank. Commercial Banking - selling loans to SMEs is a dying business.

Posted by StartOfTheBull > 2022-06-16 13:33 | Report Abuse

Up 12c mid day even on ex dividend date. This stock is always beyond your expectation, eventhough EPF is selling it daily. Anymore traders want to short it?

Posted by maluapebossku > 2022-06-17 16:45 | Report Abuse

@wallstreetrookie.. why keep condemning abmb... if u see no value in this stock just move on.... why spend time here commenting so much...

Posted by wallstreetrookie > 2022-06-17 17:00 | Report Abuse

Because Alliance Bank disposed profitable divisions like brokerage, asset management. They don't have investment banking division and relies heavily on SME loans. Let me ask you, if Bank Negara keeps raising interest rates, you think these small companies surviving on cheap credit can survive? Consumer sentiment dipped to all time low, small companies will suffer.
However, the only good thing is that Alliance Bank will make more profits off SME clients due to higher interest rate. But it works until it doesn't when SME stop borrowing money. I am not bullish on Alliance

Posted by wallstreetrookie > 2022-06-25 19:58 | Report Abuse

Sell Alliance Bank in July

Posted by wallstreetrookie > 2 months ago | Report Abuse

Further to our announcements dated 2 December 2021 and 7 December 2021, we wish to announce that Alliance Investment Bank Berhad had on 21 June 2022 obtained the Vesting Order from the High Court and on schedule to complete the transfer of its stockbroking business to Phillip Capital Sdn Bhd (formerly known as Phillip Futures Sdn Bhd) on 30 July 2022.



This announcement is dated 1 July 2022.

Posted by wallstreetrookie > 2 months ago | Report Abuse

I literally told you guys about this announcement but no one mentions it. Keeps talking about dividends. Who cares about dividends if the future profits are going to drop?
Alliance Bank disposed so much of their investing banking division. I don't understand how a company can make such foolish decisions

Posted by wallstreetrookie > 2 months ago | Report Abuse

Alliance Bank is the worst bank in Malaysia.

Worst Bank to Invest 2022:
1. Alliance Bank Malaysia Berhad
2. Public Bank Berhad
3. Maybank Berhad

Best Bank:
1. Hong Leong Bank
2. Ambank
3. RHB Bank

Posted by wallstreetrookie > 2 months ago | Report Abuse

Sell all your Alliance Bank shares

kevinobc

949 posts

Posted by kevinobc > 2 months ago | Report Abuse

https://www.malaysiakini.com/news/627032

bullish soon

Posted by wallstreetrookie > 2 months ago | Report Abuse

Sell again

Posted by wallstreetrookie > 2 months ago | Report Abuse

Green day means more opportunity to sell

Posted by StartOfTheBull > 2 months ago | Report Abuse

BNM is expected to raise OPR . It is not advisable to short banks.

Posted by wallstreetrookie > 2 months ago | Report Abuse

Wow, someone really trying to inverse me huh? Reading i3 forum again

Posted by wallstreetrookie > 2 months ago | Report Abuse

1000 lots direct business transactions. Nice, big boys reading i3 forum.

Posted by wallstreetrookie > 2 months ago | Report Abuse

Hiding large buying orders with small sell orders. Come on, this is so dumb

Posted by wallstreetrookie > 2 months ago | Report Abuse

If interest rate rises, even though banks make more profits per transaction. However, if small and medium enterprises stop borrowing money due to high rates, then it means the rise in interest rate has no effect on whether or not Alliance Bank can beat profits.
This @StartofTheBull studies too much economics. Economics all theory no practice

anthonytkh

1,613 posts

Posted by anthonytkh > 2 months ago | Report Abuse

Rookie, what would happen if I decide to sell my properties (ie. extinguish borrowing) and (but…?) rent them back?

Posted by wallstreetrookie > 2 months ago | Report Abuse

anthonytkh you lost too much money in TSH

Posted by wallstreetrookie > 2 months ago | Report Abuse

Institutional investors read i3 forums. Why do they pick Alliance Bank out of the other banks? This is fishy

Posted by wallstreetrookie > 2 months ago | Report Abuse

So many good banks but they choose to pump Alliance Bank. Really? Alright

Posted by wallstreetrookie > 2 months ago | Report Abuse

Buy Ambank

Posted by wallstreetrookie > 2 months ago | Report Abuse

3pm Release

Posted by wallstreetrookie > 2 months ago | Report Abuse

Ambank and Alliance Bank go up together

Posted by StartOfTheBull > 2 months ago | Report Abuse

Not bad. At least some winners in KLSE.

Posted by wallstreetrookie > 2 months ago | Report Abuse

2.25%

Posted by wallstreetrookie > 2 months ago | Report Abuse

2.25%

Posted by wallstreetrookie > 2 months ago | Report Abuse

Ambank for the win

Posted by wallstreetrookie > 2 months ago | Report Abuse

Bearish on Alliance Bank.

Posted by wallstreetrookie > 2 months ago | Report Abuse

Sell-side analyst still promoting Alliance Bank. Short and dump it all

Posted by wallstreetrookie > 2 months ago | Report Abuse

"Maintain OUTPERFORM and TP of RM4.00. Our TP is based on a GGM-derived PBV of 0.88x (COE: 11.0%, TG: 3.0%, ROE: 10%) on its estimated CY23 BVPS of RM4.56. The group’s dividend-ROE stands at an attractive level between the smaller cap banks. This is aided by the group returning to pre-pandemic payouts (50%) which we believe could whet up better appetite among investors. All in, we do not think it is farfetched for investors to possibly enjoy yields of c.7%, the second most attractive payout within the banking space." - Kenanga

Kenanga Research is WRONG. SMEs will suffer more than corporations this quarter in an economic downturn. Alliance Bank leans heavily towards SMEs. Better buy bank stocks that rely less heavily on sme

Posted by wallstreetrookie > 2 months ago | Report Abuse

I miss the old kenanga equity analysis. Now it is not worth reading anymore

Posted by wallstreetrookie > 2 months ago | Report Abuse

Alliance Bank is MCA bank
Ambank is Barisan Nasional bank

kyliew

589 posts

Posted by kyliew > 2 months ago | Report Abuse

US economy is technically in recession with the latest Q2 GDP data out

Posted by StartOfTheBull > 2 months ago | Report Abuse

According to the local business news articles, Malaysia finance and bank stocks, among others are usually investors' favourites when general election date is about to be announced or near.

Posted by wallstreetrookie > 2 months ago | Report Abuse

@StartOfTheBull wrong

Posted by StartOfTheBull > 2 months ago | Report Abuse

@wallstreetrookie
You can prove me wrong if you say I am cheating. By the way, why do you hate ABMB so much?

Posted by StartOfTheBull > 3 weeks ago | Report Abuse

True. Expecting another handsome dividend at end of November 22.

VTrade

2,098 posts

Posted by VTrade > 3 weeks ago | Report Abuse

Lucy say cannot touch Bank
But dontknow why

Posted by StartOfTheBull > 3 weeks ago | Report Abuse

EPF was playing contra for this stock last few days.

Posted by redhotpepper > 1 week ago | Report Abuse

Hmm...doesnt look good

pang72

43,861 posts

Posted by pang72 > 1 day ago | Report Abuse

Wow..
Naik finally

pang72

43,861 posts

Posted by pang72 > 8 hours ago | Report Abuse

..... Just deposit money into bank as FD...
Interest hike... Gain some pocket money

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