Posted by Victor Yong > 2019-12-17 09:46 | Report Abuse

Loved by foreign funds , can consider at such low valuation now :)

Eastspring Investments
The fund expects the tech sector’s “bullish trend” to continue for many more years, said Tung Yin Wai, who helps manage the RM807 million (US$194 million) Eastspring Investments Small Cap Fund.

“We have some good themes like your 5G, your data centers and your storage enterprise, we think it will continue to grow regardless of the economic situation,” she said.

Malaysia’s technology index has jumped 26% in 2019 as companies like Inari Amertron Bhd and ViTrox Corp Bhd reap a windfall from the US-China trade war. Malaysia shipped an additional US$2 billion of tariff-affected goods to the world’s two largest economies since the levies were imposed, according to the World Bank. Semiconductors and electronic circuits made up the bulk of exports to US.

Inari is among the fund’s top holdings, as well as glove maker Kossan Rubber Industries Bhd. and Alliance Bank Malaysia Bhd, according to data compiled by Bloomberg.

Posted by Victor Yong > 2019-12-17 09:47 | Report Abuse

Epf could buy more too. EPF has been accumulating it recently too :)

Date Close
16/12/2019 2.58
13/12/2019 2.62
12/12/2019 2.60
11/12/2019 2.66
10/12/2019 2.64
09/12/2019 2.65
06/12/2019 2.68
05/12/2019 2.64
04/12/2019 2.66
03/12/2019 2.64
02/12/2019 2.69
29/11/2019 2.70
28/11/2019 2.65
27/11/2019 2.69
26/11/2019 2.66
25/11/2019 2.63
22/11/2019 2.72
21/11/2019 2.79
20/11/2019 2.87
19/11/2019 2.85

EMPLOYEES PROVIDENT FUND BOARD 03-Dec-2019 Acquired 620,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 02-Dec-2019 Acquired 6,501,580 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Nov-2019 Acquired 2,519,800 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Nov-2019 Acquired 378,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 28-Nov-2019 Acquired 1,670,286 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Nov-2019 Acquired 366,500 0.000 View Detail

Posted by Victor Yong > 2019-12-17 09:57 | Report Abuse

good article on Alliance Bank :)

https://valueinvestasia.com/should-you-invest-in-alliance-bank-malaysia-bhd/

Posted by Victor Yong > 2019-12-17 10:08 | Report Abuse

ABMB Financial Information
Market Capital (RM)
: 3.994b
Number of Share
: 1.548b
EPS (cent)
: 29.26 *
P/E Ratio
: 8.82
ROE (%)
: 7.70
Dividend (cent)
: 16.700 ^
Dividend Yield (%)
: 6.47
Dividend Policy (%)
: 60 Details
NTA (RM)
: 3.800
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2019-03-31.

Posted by gemfinder > 2019-12-17 10:25 | Report Abuse

eastspring investment smallcap oredi very under perform compared to peers la

Posted by Good123 > 2019-12-17 10:27 | Report Abuse

prefer alliance bank to a ambank, tainted by 1mdb. affin is not actively traded. also DBS Bank Singapore is the largest shareholder of alliance bank, epf is the second largest shareholder

Posted by Victor Yong > 2019-12-17 11:02 | Report Abuse

Good to have dbs bank Singapore as the largest shareholder, an opportunity to tap into DBS' range of products, and potentially see savings in procurement and IT costs while opening up a bigger platform for Alliance, currently the smallest banking group in Malaysia in terms of assets.

Posted by Victor Yong > 2019-12-17 11:04 | Report Abuse

Hopefully, at current price level, DBS Bank Singapore sapu more shares from the open market :)

Posted by Good123 > 2019-12-17 11:06 | Report Abuse

possible for alliAnce bank to be renamed as DBS Bank (M) Bhd? :)

Posted by Victor Yong > 2019-12-17 11:31 | Report Abuse

Yup choose this bank , no political baggages, non-GLC and controlled by reputable DBS Bank Singapore.

Posted by techlee229 > 2019-12-17 13:48 | Report Abuse

We maintain our HOLD recommendation on Alliance Bank Malaysia (ABMB) and fair value of RM2.90/share based on a FY20 ROE of 7.7%, pegging the stock to a P/BV of 0.8x. Nevertheless, we tweak our FY21/22 earnings by -0.9%/-7.1% after our recent company visit to account for lower asset yields with the tightened underwriting of new Alliance One Account (AOA) loans.

Posted by stncws > 2019-12-17 13:59 | Report Abuse

i will buy if 2.30

Posted by yfchong > 2019-12-17 14:01 | Report Abuse

Waiting. Wait8ng

Posted by Tedinvestor > 2019-12-17 14:25 | Report Abuse

2.30? If? Good luck to you.

Posted by yfchong > 2019-12-17 14:38 | Report Abuse

2.30.................... Blood bath full cups.

Posted by value88 > 2019-12-17 14:44 | Report Abuse

I just added ABMB.
The credit losses has dampened ABMB's earnings in 1HFY20 (Apr-Sept'19). But, the analyst has guided that the credit loss is expected to normalise in 2HFY20 (Oct'19-Mar'20), and V-shape recovery is expected from FY21 onwards.
If u go through their quarterly reports, the interest income has been consistent, and loan size has expanded. The only reason that dragged down its EPS in past 2 quarters was credit loss. When the provision for credit loss is normalised, the earnings will recover, so as its stock price.
I suppose ABMB has limited downside at current price level. It is selling almost at 10-years low now. Most negatives have priced in. In coming months, i suppose the only way for its stock price to go is up.

Posted by yfchong > 2019-12-17 22:44 | Report Abuse

No worry be happy, check the metric for absolutely stocks still solid..
no leakage yet..
the boat can still sails

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-18 14:08 | Report Abuse

slowly but surely. it is envisaged that the banking sector as a whole would experience somewhat between 4-5% earnings growth next year.

alliance loan growth is projected to grow above industry average of 6-7%.

ROE should inch up towards 9-10% and correspondingly P/BV multiple will normalise back to its mean

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-18 14:13 | Report Abuse

next year earnings should bounce back from this year low base

current valuations at trough level

Posted by stncws > 2019-12-18 14:18 | Report Abuse

still got one QR bom .i feel

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-18 21:55 | Report Abuse

second half earnings will be better, management guided so. but would not be able to recover y-o-y growth

Posted by Icon8888 > 2019-12-18 23:27 | Report Abuse

When the odds are Overwhelmingly in your favour, bet big

(Charlie Munger)

Posted by abang_misai > 2019-12-18 23:37 | Report Abuse

Good luck folks.

Posted by zhen wei & JP > 2019-12-18 23:46 | Report Abuse

~.~

Posted by yfchong > 2019-12-19 06:43 | Report Abuse

All the taiko here..

Posted by Jonathan Keung > 2019-12-19 06:58 | Report Abuse

Uob Kay yin expect mid cap to outperform market in 2020. single out defensive stocks and health care as their choice picks. Alliance bank shares was sold down from 4 plus to current level. expectations that their revenue normalised going forward plus attractive yield

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-19 10:58 | Report Abuse

Latest book value RM3.80

At current price, P/BV is 0.7x

If Alliance does ROE 8-9% this year
Implied P/BV of 0.8x, FV = RM3.04
Implied P/BV of 0.9x, FV =RM3.42

Above assumptions are based on BV 3.80, no growth implied

Posted by jiunn > 2019-12-20 15:46 | Report Abuse

***BULLISH DIVERGENT PRICE OSCILLATOR


TARGET TO RETEST 2.92


BUY...BUY...BUY!!!

Posted by Icon8888 > 2019-12-20 16:31 | Report Abuse

Window dressing starts

Push RM3 by year end

Posted by abang_misai > 2019-12-21 11:06 | Report Abuse

Ok noted with thanks

Posted by gemfinder > 2019-12-21 11:08 | Report Abuse

Dun hope la.. after feb result, below 230

Posted by yfchong > 2019-12-21 16:33 | Report Abuse

Huh rm3 is confirmed...

Posted by skybursa > 2019-12-21 18:44 | Report Abuse

2.30 I will increase my holding. If below 2 the better. It's an opportunity to accumulate more

Posted by gemfinder > 2019-12-21 18:46 | Report Abuse

Yup.. no need too hury to jump in

Posted by stocksyndicate > 2019-12-21 18:59 | Report Abuse

More than 10% discount from current price? I bought 80 lots ranging from 1.72 to 163. Everyone looking for a good bargain but seems strong supports at 2.58.

Posted by yfchong > 2019-12-22 14:14 | Report Abuse

NIM not too bad better thank AMMB and MBSB... a good pick considered.

Posted by Plantermen > 2019-12-23 08:14 | Report Abuse

Last week of the year will see window dressing before the year end break. Ci counters will see strong support and rebalancing

Posted by Icon8888 > 2019-12-23 16:46 | Report Abuse

Year end RM3

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-23 17:12 | Report Abuse

banking stocks should be in favor next year

Posted by Tedinvestor > 2019-12-23 17:17 | Report Abuse

I just chat with a fund manager yesterday and he told me that banking stocks will be in focus even the rest of the stocks is not performing well.

Posted by Icon8888 > 2019-12-23 17:55 | Report Abuse

25% of my portfolio in ABMB

Posted by Icon8888 > 2019-12-23 17:57 | Report Abuse

Bet big when the odds are overwhelmingly in your favour

(Charlie Munger)

So I BET BIG BIG

Posted by dompeilee > 2019-12-23 18:52 | Report Abuse

I bought some ABMB for the dividend 2 days b4 the ex-date...glad to see that it's up 1 from my entry even as I have pocketed the latest dividend.

Posted by coolio > 2019-12-23 21:07 | Report Abuse

smart guy dompeilee..

Posted by Plantermen > 2019-12-24 07:30 | Report Abuse

Mid cap banking counters is investor favourites. Undemanding PE ratios plus reasonable yields compared to high price banking perennial counters { which is taxing for average investor Joe}

Posted by stock_investor > 2019-12-24 11:36 | Report Abuse

Now top up is it ok ?

Posted by skybursa > 2019-12-26 08:22 | Report Abuse

2.65 is good entry.

Posted by Kyou > 2019-12-27 12:07 | Report Abuse

bought some 2.62

Posted by stocksyndicate > 2019-12-27 13:16 | Report Abuse

Below 2.70 is damn cheap already. Don't panic with ten cents drop. Keep for dividend and longterm. You never regret it

Posted by alextan5680 > 2019-12-27 22:29 | Report Abuse

Today step in 2.62 and keep for long term