AMBANK (1015): Company Shares Transactions

Aiyo!! By Friday $5.50...ok...since 14 I buy call for $5.43

2024-08-21 13:43

Hot hot from oven:
CIMB UPGRADE AMMB TP FROM $5 TO $5.95...INI KALI HUAT HUAT LA:)

Raising target price
We maintain our FY25-27F EPS forecasts. However, we raise our target price (TP) for AMMB from RM5.06 to RM5.95 as we withdraw the 15% discount we imputed to the DDM value to arrive at our TP (COE of 9.9%; terminal growth rate of 4%). As stated in our 21 Apr 2020 report, we pegged our TP to a 15% discount to the DDM value to factor in credit risks (partly from Covid-19). We do not see the need for a discount now as we expect credit risks for banks to be lower in light of stronger economic growth, while AMMB has built up a total management overlay of RM541m at end-Jun 24.

Reiterate Add on AMMB
We retain our Add rating on AMMB given its attractive 8.3x CY25 P/E, among the lowest in the sector and below the sector’s average of 10.6x. Re-rating catalysts include an uptick in NIM in FY25F and potential partial write-back of management overlay. Potential downside risks include material deterioration in its loan growth and asset quality.

Source: CGS-CIMB Research - 21 Aug 2024

2024-08-21 13:46

$5.11 up 10c...
Fantastic run for ammb:)

2024-08-21 18:31

bullrun168

Walaoeh, what happend ?
Super damn hot man AMBANK today !
Now AMBANK was traded at @RM5.19 (+0.09) (+1.76 %)
Heng ah, Ong ah, Huat ah !

2024-08-28 09:29

Walaoeh

Spammer bullrun168 is back with his pointless share price updates

2024-08-28 09:37

Solid Ambank!

2024-08-28 10:05

bullrun168

Wow, Amazing !
Now AMBANK was traded at @RM5.23 (+0.13) (+2.55 %)
Heng ah, Ong ah, Huat ah !

2024-08-28 11:25

Steady rate environment bodes well for interest among bank names. Last but not least are the banks. As with banks in this region (Singapore/Indonesia/Thailand/Philippines), Malaysian banks have enjoyed a good run compared to to their August postition. However, unlike peers, Malaysia banks likely have enjoyed the relative stability of steady interest rates, in addition to decent yield and a potential pick-up on exchange rate, for foreign investors especially. Analyst Clement Chua in his recent banking sector update (4 Sept 2024) examined the volatility of banks, relative to the general market (Exhibit 6), i.e. the beta, finding that within the large cap space, banks that have beta more than 1 (including CIMB and PBBANK) may attract larger interest amid fund inflows. We nevertheless prefer the latter for fundamental reason of more disciplined growth which is a preferred play for 2HCY24. Foreign funds are less likely to be induced into buying smaller caps banks although on that score, beta for AMMB is generally high, and the banks has enjoyed YTD pick-up in foreign shareholding.
Source: Kenanga Research - 19 Sept 2024

2024-09-19 10:56

[AMBANK]: AMMB HOLDINGS BHD
Announcement Date
18-Sep-2024
Date
18-Sep-2024
Share
Ordinary Shares
Number of Shares
90,000
Shares Retained in Treasury
90,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
5.170 - 5.190
Total Amount
467,865.55
Total Treasury Shares
3,081,700

2024-09-19 13:00

1st malaysian banking does share buy back.
Need to digest a bit the reason behind..
It really undervalued?

2024-09-19 13:01

Bursino

Wild unfounded speculation - next dividend to be paid in shares from the treasury.

2024-09-19 14:53

@pang72 compare P/E and P/B

It's among the cheapest, most undervalued.
If u compare along with earnings quality, ROE (vs Bank Islam, Affin Bank)...it IS the cheapest, MOST UNDERVALUED!

2024-09-19 15:54

Coming back with a roar!

2024-10-11 14:57

1DERFUL

Any one has idea why Ambank share has jumped 3.79% today?

2024-10-11 22:42

Najib Zamry

Good write up in the Edge weekly about Ambank

2 months ago

Bursino

Banking stocks are boring.
😐

2 months ago

Lookin at the share price dropping 16c meaning to say DBS will not buy ammb stake

2 months ago

Dow Jones

Dow Jones Industrial Average

44,293.13

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0.69%

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NASDAQ Composite

19,298.76

+11.98

0.06%

2 months ago

Bursino

Azman Hashim was the founder of the Bank.

2 months ago

AmBank has changed since then la. On a transformation journey

2 months ago

JJPTR

AMMB has risen from 2.xx to 5.xx. Best time to take your money off the table from this dubious management bank. "Academy of Corruption must be eliminated before Msia can reverse its journey to Zimbabwe

2 months ago

KingKKK

WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_

1 month ago

Still strong!

1 month ago

Dividend!

1 month ago

Good QR and nice dividend. I was right about Ambank being much better investment than PBB

1 month ago

gladiator

Ambank dividend almost catch up with RHB next is share price should trade above RM6.00

1 month ago

Yes Ambank should climb up above RM6 in due time..

1 month ago

MrPandaPanda

come on lets fly

1 month ago

Jamie Ling's good work 💪

1 month ago

Ambank still buying back shares at these current prices. Shows the confidence is strong!

1 month ago

KingKKK

The Golden Cross: AMMB’s Technical Setup Points to Continued Growth

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-12-07-story-h476425709-The_Golden_Cross_AMMB_s_Technical_Setup_Points_to_Continued_Growth

1 month ago

Withdraw turbochart from i3investor better

@Admin

1 month ago

Dividend credited today. Thanks AmBank!

3 weeks ago