AMMB HOLDINGS BHD
KLSE (MYR): AMBANK (1015)
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Last Price
5.64
Today's Change
+0.06 (1.08%)
Day's Change
5.56 - 5.64
Trading Volume
1,612,000
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
|---|
Discussions
9 people like this. Showing 50 of 5,535 comments
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
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
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
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
Dow Jones
Dow Jones Industrial Average
44,293.13
+304.14
0.69%
Nasdaq
NASDAQ Composite
19,298.76
+11.98
0.06%
2 months ago
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
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_
2 months ago
Good QR and nice dividend. I was right about Ambank being much better investment than PBB
1 month ago
Ambank dividend almost catch up with RHB next is share price should trade above RM6.00
1 month ago
Ambank still buying back shares at these current prices. Shows the confidence is strong!
1 month ago
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
AMMB: Riding the Uptrend, #AMMB, #AMBANK
https://klse.i3investor.com/web/blog/detail/bestStocks/2025-01-10-story-h497842553-AMMB_Riding_the_Uptrend_AMMB_AMBANK
2 weeks ago
Within our coverage, we like AMBANK on the back of a more solid ROE backbone as the group focuses on stronger earnings drivers as opposed to gaining market share in less profitable segments. Following its recent transition into FIRB, the group's newly acquired CET-1 levels of 15% could lead to more generous dividend payouts and make AMBANK one of the leaders in yield prospects (c.6%). This is premised on our anticipated dividend payout of 50% against the group's more gradual step-up of 45% (from 40%)
2 days ago
1-Dec-2024 11-Dec-2024 Buyback 300,000 5.590 5.630
10-Dec-2024 10-Dec-2024 Buyback 600,000 5.500 5.630
09-Dec-2024 09-Dec-2024 Buyback 600,000 5.480 5.560
06-Dec-2024 06-Dec-2024 Buyback 500,000 5.410 5.510
05-Dec-2024 05-Dec-2024 Buyback 650,000 5.390 5.430
04-Dec-2024 04-Dec-2024 Buyback 550,000 5.300 5.390
04-Dec-2024 11-Dec-2024 Buyback 3,200,000 5.300 5.630
24-Sep-2024 24-Sep-2024 Buyback 187,000 5.190 5.240
23-Sep-2024 23-Sep-2024 Buyback 200,000 5.200 5.250
20-Sep-2024 20-Sep-2024 Buyback 100,000 5.180 5.210
19-Sep-2024 19-Sep-2024 Buyback 150,000 5.180 5.290
18-Sep-2024 18-Sep-2024 Buyback 90,000 5.170 5.190
18-Sep-2024 24-Sep-2024 Buyback 727,000 5.170
2 days ago
Breaking 3 year high at 5.67 today.
Something is happen on m&a on AZAM share holding?
2 days ago
Ambank pe9. 2 rank most undervalue bank
Margin improves from 15 to 40%.
Marvellous job
2 days ago
Only the banking sector is holding up KLCI. Otherwise KLCI should already be 1500 points or below. Bursa is a pathetic market.
1 day ago
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pang72
Analysts also remained bullish, with 14 out of 15 research houses having ‘buy’ calls on AMMB and only one ‘sell’ call. The consensus 12-month target price is RM5.43, according to Bloomberg, implying a potential return of 6.3% from its last price.
2024-08-21 13:42