Posted by techlee229 > 2019-11-28 13:25 | Report Abuse

Alliance Bank Malaysia Bhd expects its net profit to improve in the second half (H2) of its current financial year ending March 31, 2020 (FY20), compared with the first half, underpinned by reducing credit cost.

Group chief executive officer Joel Kornreich said higher credit cost dragged down the bank’s net profit during the second quarter ended Sept 30, 2019 (Q2).

Posted by Jonathan Keung > 2019-11-28 20:25 | Report Abuse

Owned by Temasek holdings. Did their kitchen sinking { clean up exercise } turn around after last year unexpected hit on their bottom line. Going forward financial ratio expected and should normalised

Posted by TA_trader > 2019-11-28 23:25 | Report Abuse

what kitchen sinking exercise u talking about? bad loan is bad loan. no kitchen sink. Interest margin is 1 to 2 %

bad loan u lose 100% of notional.

Posted by Jeffreyteck > 2019-11-29 09:10 | Report Abuse

TP 2.30.

Posted by Plantermen > 2019-11-29 10:44 | Report Abuse

Loan loss provision { kitchen sinking exercise} one off for the corporate loan liquidation foreclosure

Posted by Jonathan Keung > 2019-11-29 11:00 | Report Abuse

Alliance bank hit by London Biscuits loan default. Londo Biscuits defaulted it's loan repayment from several local banking institution

Posted by Chokhmah > 2019-11-29 11:01 | Report Abuse

i heard from my friend that this bank is not strong, is that true?

Posted by Jonathan Keung > 2019-11-29 11:02 | Report Abuse

Alliance bank very early to write Off all Its exposure to London Biscuits. Hopefully there may be write back after loan recovery

Posted by stncws > 2019-11-29 11:03 | Report Abuse

strong not strong not important.....it safe....give me 4.2% FD

Posted by Chokhmah > 2019-11-29 11:11 | Report Abuse

is it really safe?

Posted by Chokhmah > 2019-11-29 11:11 | Report Abuse

has ABMB put the impairment loss inside his account book already?

Posted by Tedinvestor > 2019-11-29 12:28 | Report Abuse

Will buy more. Looks cheap sales

Posted by Jonathan Keung > 2019-11-29 14:16 | Report Abuse

All commercial banks deposit guarantee by PIDM under BNM. ( Excluding non commercial deposit institution} eg Bank rakyat.
Alliance banking owned by Temasek holdings of Singapore . Top 5 commercial banking group I Malaysia out of the 9 are Maybank, PBB, CIMB , RHb Ana Ambank

Posted by Tedinvestor > 2019-11-29 14:53 | Report Abuse

2.60 my new entry price for another 20,000 shares. Just need a bit of luck

Posted by TA_trader > 2019-11-30 00:06 | Report Abuse

Jonathan dont talk rubish and contradict yourself pls.

1st u say LDN biscuit defaulted on loans from SEVERAL BANKS, 2nd u say ABMB early to write off and hope for writeback.

If LDN biscuit can default on loans from so many larger banks, what makes u think LDN biscuit can repay one special bank which is ABMB? pay also pay bigger bank first la why pay you.

then u telling everybody commercial banks deposit guaranteed by PIDM. OMG LIKE DUH, BUT HOW MUCH IS GUARANTEED? IF ALL COMMERCIAL BANKS DEPOSIT IS GUARANTEED BY PIDM, WHAT MAKES ABMB MUCH STRONGER THAN THE LIKES OF MBB WHEN BOTH ARE GUARANTEED? OMG...FULL OF SH*t

Posted by anticonman > 2019-12-01 21:03 | Report Abuse

29-Nov-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,670,286 shares on 26-Nov-2019.
28-Nov-2019 Insider TEMASEK HOLDINGS (PRIVATE) LIMITED (a substantial shareholder) disposed 173,113 shares on 26-Nov-2019.

Posted by anticonman > 2019-12-01 21:03 | Report Abuse

EPF, Temasek disposed nobody tell?

Posted by i3lurker > 2019-12-01 21:10 | Report Abuse

r u blind?

just scroll down its stated there
why r u posting it again Temasek selling?

we r not blind and can use mouse to scroll down see Temasek selling

you must be using Handphone? nokia?

Posted by Plantermen > 2019-12-03 13:48 | Report Abuse

All commercial bank deposit account in Malaysia is insured and guaranteed by PIDM initiated thru Bank Negara since Year 2017 (individual account up to 250K). Can scroll thru PIDM website

Posted by KP_RECT > 2019-12-04 15:03 | Report Abuse

break 2.63. what does it mean ?

Posted by Wing23 > 2019-12-04 15:27 | Report Abuse

mean hailat now still not formed bottom point, fund still selling damn

Posted by KP_RECT > 2019-12-04 15:32 | Report Abuse

gg

Posted by Wing23 > 2019-12-04 15:34 | Report Abuse

hope next week dividend will be recover back

Posted by KP_RECT > 2019-12-04 15:43 | Report Abuse

if maintain at this level, on ex-dividend will minus another 6 cents

Posted by stncws > 2019-12-04 16:39 | Report Abuse

buy 2.5

Posted by Najib Zamry > 2019-12-04 22:03 | Report Abuse

Wow fire sales now. Bought 25,000 shares at 2.65 today. Gunning for capital and dividend. Target Rm3.00 by end of Jan 2020.

Posted by Najib Zamry > 2019-12-04 22:59 | Report Abuse

Icon888 what say you ?

Posted by supersaiyan3 > 2019-12-04 23:06 | Report Abuse

The problem with Alliance bank is just too small compare to other banks. However, in my place Alliance bank is everywhere because they took over a local bank some years ago.

Used to be multi-purpose bank, slowly evolve till today. In the early days no internet have to go counter to check balance. I think the branding is quite consistent now.

Would like to buy more abmb but no hurry. Got 2 2.5PE explosive stocks eager to buy more.

Posted by supersaiyan3 > 2019-12-04 23:14 | Report Abuse

Few months ago reloan at Alliance Bank, bb HL bank. The loan officer switch from Maybank to Alliance Bank. I ask her why? She said Maybank (CIMB also) kind of combine everything sell together. That's why the huge revenue and high margin (because of low average cost).

I would think this will not work in the longer term. Get one loan and need to buy many accessories which is wasting money and time.

So I like Alliance bank to be small and beautiful.

Posted by The King Of Traders Andy Chin > 2019-12-05 12:33 | Report Abuse

on growing position, good counter for long term.

Posted by skybursa > 2019-12-05 16:02 | Report Abuse

Brought another 20,000 shares today at 2.64.

Posted by Icon8888 > 2019-12-06 13:51 | Report Abuse

25% of my portfolio in this stock

Charlie munger said bet big when the odd is overwhemingly in your favour

Posted by KP_RECT > 2019-12-06 18:13 | Report Abuse

yall so rich sial

Posted by 靓女 phoon phoon > 2019-12-09 09:26 | Report Abuse

good, buy call

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-09 20:37 | Report Abuse

Bought ABMB. Valuations are dirt cheap.

Posted by ahbah > 2019-12-09 20:46 | Report Abuse

ABMB ... a must have stock !

Strongest BUY !

Posted by Tipster > 2019-12-09 22:09 | Report Abuse

Those yelled to buy BAT due to low valuation are still licking their wounds...

Posted by Wing23 > 2019-12-10 11:12 | Report Abuse

u compare two different sector? one is sunset company another is banking company. most importantly still depend on company business model and future prospect, this alliance maybe just a small bank compare to others, but current price is consider as fair value.

Posted by Victor Yong > 2019-12-11 12:30 | Report Abuse

keep some in your portfolio, EPF is buying continuously recently, there must a reason that we dont know :)

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

Posted by Good123 > 2019-12-11 12:38 | Report Abuse

alliance bank , good pick indeed. innovative, also a potential candidate for acquisition by big banks.

KUALA LUMPUR: The annual Alliance Bank-EcoWorld BizSmart® Challenge to spur entrepreneurship in the country has returned for its sixth year, with over RM1.5 million worth of prizes — a record high for the event.
These prizes will be in cash, product sponsorship and media coverage. The objective of the programme, presented by Alliance Bank Malaysia Bhd and Eco World Development Group Bhd (EcoWorld), is to help entrepreneurs grow their businesses further.
At the launch yesterday, Alliance Bank group chief executive officer Joel Kornreich said he is expecting a higher number of applications for the sixth edition of the challenge. “We are expecting 500 to 600 submissions this year, higher than the 400 submissions in 2018,” he told reporters.
“The reality TV business challenges will also be made accessible to more viewers via TV3. After the BizSmart® Challenge has ended, we will extend up to RM5 million in collateral-free financing and assign a dedicated small and medium enterprise (SME) banking advisory team, to help the Top 20 finalists with their entrepreneurial journey,” he said.
EcoWorld is delighted to be part of the BizSmart® Challenge for the sixth year, said chairman Tan Sri Liew Kee Sin.
“This unique partnership [that has led us to] meet young and determined entrepreneurs, and seeing them grow in their journey to success, has been very fulfilling indeed. It is also exciting to see the accelerated growth of our alumni, and we look forward to nurturing and mentoring a new batch of young SMEs achieve their full potential,” Liew said.
Kornreich and Liew are also the judges for the challenge, and winners will be selected based on the most innovative, the most sustainable and select winners based on the most viable businesses.
Among the highlights this year is the introduction of Instagram Story business pitch for the first time, where participants can pitch their businesses in video format.
Another highlight is the mentor line-up this year, which will include BFM89.9 founder Malek Ali and Alliance Bank head of group SME banking Ernest Kwong, providing hands-on coaching during the reality TV business challenges to the Top 10 finalists, and lending perspective and guidance on their business plans and strategies.
This challenge is open to all SMEs in the country that have been in operation for not less than one year and not more than five years, with an annual turnover of less than RM50 million. Since its inception in 2013, the BizSmart® has empowered over 130 finalists in their entrepreneurial journey.

Posted by Victor Yong > 2019-12-11 13:12 | Report Abuse

alliance bank is quite high tech.. its personal loan interest rate can be said the lowest if you apply online yourself, do it yourself :)

www.alliancebank.com.my/PersonalLoan‎
Enjoy Rate As Low As 3.99% p.a. Online Application Only. Save More On Repayments. Interested To Know More? Apply Here Or Get In Touch Today! T&C Apply. Get Loan Up To RM150k. Disbursement In 24 Hrs. Get Approved In 10 Min. Terms & Conditions Apply.

Posted by Victor Yong > 2019-12-11 13:17 | Report Abuse

one of the best dividend policies in the market :)

Dividend Policy
Alliance Bank Malaysia Berhad (ABMB) has a long-term dividend policy of up to 60% dividend payout ratio based on reported net profit after tax attributable to shareholders, subject to regulatory approval.

Posted by Victor Yong > 2019-12-11 13:18 | Report Abuse

Retain NEUTRAL. Although the growth outlook for banks is modest, we draw comfort from the sector’s inexpensive valuations as it trading near -2SD to its 5-year average P/B. Those that favour exposure to this sector have to be selective. We like banks that give above average dividend yields (Maybank; TP: RM9.50), still eking out healthy growth (RHB; TP: RM6.45 & BIMB; TP: RM5.00), and saw its valuations got bashed down to below -2SD and trough level (Alliance; TP: RM3.30).


Source: Hong Leong Investment Bank Research - 6 Dec 2019

Posted by Victor Yong > 2019-12-11 13:21 | Report Abuse

tremendous upside :)

Market Cap: 4,102 Million
NOSH: 1,548 Million
Avg Volume (4 weeks): 10,312,115
4 Weeks Range: 2.61 - 2.96
4 Weeks Price Volatility (%):
11.43%
52 Weeks Range: 2.57 - 4.35
52 Weeks Price Volatility (%):
4.49%
Average Price Target: 3.52
Price Target Upside/Downside: +0.87

Posted by Good123 > 2019-12-11 13:25 | Report Abuse

yup, good choice for banking stock :p

KUALA LUMPUR (Dec 11): The funds that won big from Asia’s worst-performing major equity market placed their bets on technology stocks.
Eastspring Investments Small Cap Fund scored a 16.6% return in 2019, while Kenanga Syariah Growth Fund returned 15.6%, topping the list of Malaysian funds with US$100 million or more in assets, Bloomberg-compiled data show. That’s even as the benchmark FTSE Bursa Malaysia KLCI Index slumped 7.6%, set for the steepest drop since 2008. In contrast, the smaller cap gauge has rallied 22%.
Being prescient has paid off for Eastspring and Kenanga as the export-reliant economy faces headwinds from global trade tensions and a muted economic outlook at home. Both funds have one strategy in common: the tech sector, which has benefited from trade diversions due to the US-China rivalry. They also expect the country’s biggest companies to rebound after losses this year.
The worst may be over for Malaysia as investors have set their expectations low despite lingering uncertainties, UBS Securities said in a report. “We think the market could trend higher once earnings growth bottoms and confidence recovers,” according to the Monday note, which expects the benchmark to reach 1,680 by end-2020.
The KLCI Index rose 0.1% to 1,562.88 as of 9:30am in Kuala Lumpur.
Here’s what the funds are buying:
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 Good123 > 2019-12-11 13:26 | Report Abuse

alliance bank is the best local bank in terms of tech especially

Posted by Good123 > 2019-12-11 13:28 | Report Abuse

agreed, potential target for m

Posted by Good123 > 2019-12-11 13:32 | Report Abuse

today is the last day to buy ... esok exdate bagi 6sen dividend :) grab b4 u regret :)

ALLIANCE BANK MALAYSIA BERHAD
First interim single tier dividend of 6.00 sen per share
 
Kindly be advised of the following : 
1)  The above Company's securities will be traded and quoted "Ex - Dividend” as from: 12 Dec 2019
2)  The last date of lodgment : 13 Dec 2019
3)  Date Payable : 30 Dec 2019

Posted by Victor Yong > 2019-12-11 13:35 | Report Abuse

comprehensive banking services also, not only digitally advanced :)


Banking
Personal Savings
Business Savings
Islamic Savings
Interest Rates
Islamic Profit Rate
Fees & Charges
List of Insured Deposits
PIDM’s DIS Brochure
Safe Deposit Box T&C
Cards
Personal Cards
Business Cards
Islamic Cards
Latest Cards Announcements
Rewards Centre
Loans
Personal Loans
Business Loans
Islamic Financing
Insurance
Life Insurance
General Insurance
Business Insurance
Family Takaful
Investment
eIPO
Share Trading
Wealth
Institutional Sales & Dealing
Promotions
SME Knowledge Bank
Bidmart
Alliance OneBank Rewards
E-Services
allianceonline
Alliance Bizsmart
Epayment Services
E-statement
Self Service Terminals
Phone Banking
Forex Rates

Posted by Victor Yong > 2019-12-11 13:41 | Report Abuse

History - Direct Biz Transactions in 2019
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks

29/08/2019 00:00:00 2.9400 -0.0800 1,000 1,000 2,940 2,940 2.9400 0.0001 -
13/06/2019 00:00:00 3.7800 - 913,000 913,000 3.451m 3.451m 3.7800 0.0590 -
08/03/2019 00:00:00 4.2000 -0.0200 131,949 131,949 554,186 554,186 4.2000 0.0085 -