Posted by Alex Foo > 2017-08-25 16:10 | Report Abuse

got la...a bit show...actually quite fun to watch price war...(but i understand ppl bleeding here)....pls be assured that storm will be over. Ambank has solid fundamentals. It's only the matter of time when it goes back to its RM5.50 price and beyond

Posted by Alex Foo > 2017-08-25 16:10 | Report Abuse

i play a bit c1, so i also bleeding

Posted by Beza > 2017-08-25 16:14 | Report Abuse

Wanna to gain, must pay for the price first. Harvest time will come as AMMB is fundamentally sound and business is progressing and improving.

Posted by mxlitfly > 2017-08-25 16:20 | Report Abuse

Round 3 - Fight !!......

Posted by isandy > 2017-08-25 16:29 | Report Abuse

i bought at RM4.90 a month ago....

Posted by mxlitfly > 2017-08-25 16:49 | Report Abuse

it seems like Monday, we gonna have Round 4..... this bloody sellers so tough......

Posted by Beza > 2017-08-25 16:58 | Report Abuse

Ya. Get more fund to pour in. Ha! Ha!

Posted by AhOng0510 > 2017-08-25 17:24 | Report Abuse

I bought @ 4.55. I think now ambank lack of push factor. My prediction by year end tp for ambank max at 5.00.

Posted by meistsk3134 > 2017-08-25 17:40 | Report Abuse

Go look history low price before purchase.... no idea why it dripping

Posted by mikid83 > 2017-08-25 17:50 | Report Abuse

Question mark on "Provision of Contingent liabilities " was the reason for the meltdown

Posted by gsi723 > 2017-08-25 19:25 | Report Abuse

People worry ANZ wanna sell, nobody wanna buy the 20% stake?

Posted by sbzk > 2017-08-25 19:35 | Report Abuse

cant just sell like that to open market...... must be some buyer but only we dont know who hiding behind

Posted by Traderx > 2017-08-25 19:38 | Report Abuse

If you have nth good to say, please don't make it worst.

Good News just release it will not have immediate effect, good thing takes time.

Hope next week got a better breakout.

Posted by sbzk > 2017-08-25 19:40 | Report Abuse

those who bought, keep praying and hope for the best to come.

Posted by joetay > 2017-08-25 19:47 | Report Abuse

very simple logic for me.

it is a bank and being an important part of the financial system, any dip is a good buying opportunity.

Posted by joetay > 2017-08-25 19:48 | Report Abuse

by some of the comments here, can tell who is a successful investor/trader and who is not.

Posted by shortinvestor77 > 2017-08-25 20:39 | Report Abuse

KUALA LUMPUR (Aug 25):  J.P. Morgan analyst Harsh Wardhan Modi upgraded the recommendation on Ammb Holdings Bhd to overweight from rating suspended.

Modi predicted AMMB Holdings will trade at 5.20 ringgit within a year, implying a 15 percent increase from the last close. The target is 6.1 percent above the consensus average of 4.90 ringgit. AMMB Holdings had 4 buy recommendations, 11 holds and 3 sells before today.

Modi is in the minority on the stock, which has lost 9.6% in the past month. The last time the stock was raised to to buy was July 7, by TA Securities Holdings Berhad's Team Coverage.

In the past six years and nine months, JPMorgan has rated AMMB Holdings neutral four times, underweight twice and overweight once. The shares rose an average 5.9 percent in the periods rated neutral, fell an average 24 percent in the periods rated underweight and rose 12 percent in the period rated overweight.

Analysts raised their consensus one-year target price for the stock by 9.4 percent in the past six months. Forecasts range from 2.65 ringgit to 6.10 ringgit.

Modi covers 22 companies; 10 are rated overweight, 9 are rated neutral and 3 are rated underweight.

The following table shows the analyst's ratings history, the stock performance during the span of those recommendations and index comparisons:

 

 

     Date       Rating  Price RangePercent ChangeFtse Bursa Malaysia Klci4.52Juneringgit -16,5.112017Neutralringgit-11%-0.9%4.87ringgit -May 4,5.562017Underweightringgit-5.6%1.9%3.90Oct.ringgit -10,5.622016Neutralringgit33%5.6%3.98Aug.ringgit -24,7.022014Underweightringgit-42%-11%6.93ringgit -July 8,7.182014Neutralringgit-3.2%-1.6%5.38Juneringgit -16,8.082011Overweightringgit12%22%6.05Nov.ringgit -18,7.152010Neutralringgit4.9%3.8%

Posted by shortinvestor77 > 2017-08-25 20:41 | Report Abuse

Good new now from JPMorgan. No more sell down. Next week up.

Posted by joetay > 2017-08-25 20:43 | Report Abuse

i dont actually read analyst reports.

for me, basic sense prevails.

if maybank, cimb, pbank, hlb have alrdy run and ceteris paribus, undervalued banks such as rhb and ambank will have to catch up.

Posted by meistsk3134 > 2017-08-25 21:39 | Report Abuse

Gonna use buy low sell high tactic

Posted by gsi723 > 2017-08-25 22:19 | Report Abuse

Buy low now, sell high later.... The price may go down, the biz won't go bust, what to worry.... I think the dumb may think that ANZ will lelong cheap sales their 23% majority stake??

Posted by cheated > 2017-08-25 22:20 | Report Abuse

How abt gcke bought above RM 5? Lose more than 10% already.

Posted by BoomBoomChak > 2017-08-25 22:40 | Report Abuse

Good news from analysts will always come to stop selling. It is still early to buy in. It is sliding very fast. Catching a falling knife.

Posted by joetay > 2017-08-25 23:46 | Report Abuse

@boomboomchak,

do u even know the definition of a falling knife in the stock market when u said ambank is a falling knife????

Posted by gcke > 2017-08-26 12:00 | Report Abuse

@cheated thanks for your concern.
2.Anyway,I have average down my purchase by buying at 4.50 the day before, and yesterday at 4.45.
3.Will it bounce back like Lotte Chemical-.AMMB share price drop is similar like Lotte Chemicals.
4.Fundamentals for AMMB is still intact.
5.Hope next week price can recover.Cheers for a better day.

Posted by meistsk3134 > 2017-08-26 22:52 | Report Abuse

Later monday early surge 40cent cannot catch anymore... arghhhh

Posted by 4444 > 2017-08-27 11:36 | Report Abuse

The way it drop RM 4.25-4.3 could come this week. Cheers.

gcke @cheated thanks for your concern.
2.Anyway,I have average down my purchase by buying at 4.50 the day before, and yesterday at 4.45.
3.Will it bounce back like Lotte Chemical-.AMMB share price drop is similar like Lotte Chemicals.
4.Fundamentals for AMMB is still intact.
5.Hope next week price can recover.Cheers for a better day.
26/08/2017 12:00

Posted by gcke > 2017-08-27 11:41 | Report Abuse

@mikid83 think it was the regulated short selling activity that caused the stock price to drop last week. Contingent liability arising from 1 MDB saga was touched on and discussed during the negotiation between RHB and AMMB.Later through AMMB press release - after the merger was called off, the Contingent Liability was clarified by Sulaiman,the top man from AMMB that it was a non-issue.
2. Comparing AMMB and RHB on financial fundamentals the two entities are equally matched even though RHB is bigger in terms of size and equity capital.AMMB has a better EPS,DY and ROE even though Cost to Income Ratio for AMMB which is at 57% is higher than RHB at about 49%.
3.AMMB has a smaller exposure to O & G sector which is at the low of 2% of total loans exposure.RHB exposure to this sector which is facing challenging time is higher.
4.Agreed with forumers that AMMB is a well run bank.
5.Barring any adverse global development news the AMMB share price should be able to recover by next week.

Outcome- The price recovery will be well supported in the immediate term.

Posted by 4444 > 2017-08-27 11:41 | Report Abuse

Cost to income ratio 56.3% no wonder RHB don't want.

Posted by RainT > 2017-08-27 12:54 | Report Abuse

This no hope I buy below 4.40 see all the way up to 5.50 and now back down to 4.40...

Other bank all up and up , why cannot Ambank up ?

Posted by meistsk3134 > 2017-08-27 13:38 | Report Abuse

Can enter le.... already below

Posted by gcke > 2017-08-27 13:49 | Report Abuse

@RainT no worry.So long as the company fundamentals are still intact the price reversal will take place.AMMB has distinct and sound positives except for CTI ratio(which is high) that will lend support to the stock price.Coupled with positive rating by JP Morgan the price reversal will happen sooner.Rating and recommendation by JP Morgan on banking stock time and again has proven right.About two years ago when they rated Maybank and declared that its stock price will further drop to ~RM 7.50 from the high at RM 8.50 it turned out to be correct.
2.Many Bursa stocks have run on the similar price reversal in the past and present.Stocks for example like PMetal,RHB which are solid company with good earnings prospect, have turned suddenly downwards even though there were no adverse news.Normally,such adverse market trend is for a short period.
3.Well,for your own deduction or analysis do have a look at the appended Technical Price Charts for RHB.One can discern that the price suddenly drop between the period April-May; June-July and July-August(recently).Consequently,the price will recover and trend upwards.

View the price chart for RHB; http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1066

Cheers and hope all forumers for AMMB stock have a wonderful weekend:-)))

Posted by gcke > 2017-08-27 14:07 | Report Abuse

Read the news for those interested to update- http://www.themalaymailonline.com/malaysia/article/bank-negara-doesnt-interfere-with-ma-activity#h9y2Awcjjq80rrzo.97

Posted by gcke > 2017-08-27 14:14 | Report Abuse

The Edge Weekly published the exclusive interview with Sulaiman from AMMB.Read from the source- http://www.theedgemarkets.com/article/pnb-says-its-not-ponzi-scheme-while-ammb-denies-1mdb-factor-failed-merger-talks

Posted by gcke > 2017-08-27 14:28 | Report Abuse

Repost on Jeff Lim's post shared in Alcom stock forum:

A.It is about Warren Buffet's investing quips:

1.High Returns With Low Risk is the Key

2.“Risk comes from not knowing what you are doing.”

3.Get Around the Right People

4.“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

5.Invest for the Long Term

6.“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

7.Buy It Thinking You Will Hold It Forever

8.“Our favorite holding period is forever.”

B.On Finding Honesty in Others

1.“Honesty is a very expensive gift. Don’t expect it from cheap people.”

2.Don’t Make Investing Difficult

3.“There seems to be some perverse human characteristic that likes to make easy things difficult.”

4.Invest Only in Companies You Know and Trust

5.“An investor should act as though he had a lifetime decision card with just twenty punches on it.”

6.Make Long Term Investments Over Short Term Ones

7.“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

8.Seize Great Opportunities and Load Up the Truck

9.“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

Hope the re-posted post is inspirational:-)))

Posted by 4444 > 2017-08-27 16:12 | Report Abuse

ANZ and Azman Hashim both want to sell. Who has money to pick up? Merger fail KWAP don't want ady.

Posted by yfwai > 2017-08-27 17:42 | Report Abuse

CHINA INVESTOR HAS MONEY TO PICK UP HEHEHE

Posted by funkyway > 2017-08-27 23:16 | Report Abuse

i think i will just wait and see. no rush. scared might drop further

Posted by helloworld123 > 2017-08-28 09:06 | Report Abuse

valuation too low -- buy!

Posted by gcke > 2017-08-28 10:43 | Report Abuse

@helloworld123 you are correct and precise on AMMB valuation.Buy when others fear.Do deploy such strategy to win big bucks from the sudden temporary price down turn.Again needs to emphasise fundamentals are sound and intact.Cheers:-)))

Posted by deddymines > 2017-08-28 11:05 | Report Abuse

block at 4.50. need to pass that first

Posted by meistsk3134 > 2017-08-28 11:52 | Report Abuse

Still can buy

Posted by JadeSchira > 2017-08-28 16:00 | Report Abuse

This stock up few cents take hours. Down take few minutes

Posted by yfwai > 2017-08-28 16:29 | Report Abuse

big shark still throw not down already lucky

Posted by Beza > 2017-08-28 16:41 | Report Abuse

Highlights
Held briefing… We attended AMMB’s post-results briefing, and management clarified various issues in hands, including the scrapped merger.
Business as usual… Despite in merger discussion with RHB, AMMB delivered commendable 1Q18 results amid a quiet quarter due to Ramadhan and Hari Raya. To recap, AMMB posted results in line with HLIB and consensus with earnings growing by +1.6% YoY and +31.2% QoQ. However, this was due to partly lower than expected taxation rate of 19%.
Scrapped merger explained… AMMB refuted the claim that the merger was scrapped due to contingent liabilities. Management explained that both parties were unable to reach conclusion over various terms, among others pricing and synergies. Post-failed merger, AMMB will pursue organically its Top4 aspiration by 2020.
Clarification on contingent liabilities … It was reported in the news that AMMB is facing issue of contingent liabilities. AMMB explained that it is a norm for banks to incur certain contingent liabilities though banks are not expecting losses from these transactions. Relating to the above, AMMB incurred contingent liabilities from 2 products namely bank guarantee (BG) and letter of credit (LC). The group’s current contingent liabilities amounted to RM8.9bn (6.5% of total assets & 7.4% of total liabilities).
Broad-based income… Since Dato Sulaiman took the CEO seat, the primary objective is to grow four segments (namely wholesale banking, business banking, retail banking and general insurance) and optimize the income from wholesale banking. Such initiatives are picking up momentum whilst focus on key products namely cards and SME have already contributed to the NII growth in 1Q18.
Asset quality stills an issue… AMMB still reported net recoveries that lowered its credit cost. Management hinted that AMMB still could enjoy net recoveries throughout FY18 owing to 1-2 corporate accounts. Despite having a benign asset quality, management is watchful on corporate loans impairment. Exposure to the O&G and the commercial real estate sector stood at 2% and 8% of total gross loans.
Risks
Slower impact from de-risking of auto loan book and lower recoveries to impact bottom line.
Forecasts
Unchanged.
Rating
BUY (↔)


We feel that AMMB is showing progress towards its top 4 aspiration by 2020. SME loan spiked 19% on an annualized basis while further NIM recovery is in sight owing to gradual shift from fixed deposit into CASA. AMMB is currently trading at steep discount of 0.78 P/BV.
Valuation
Maintain our TP at RM5.20, TP was derived from GGM i) ROE of 8.8x ii) WACC of 8.9%. Maintain BUY.
Source: Hong Leong Investment Bank Research - 28 Aug 2017

Posted by shortinvestor77 > 2017-08-28 17:14 | Report Abuse

Back to same price. Can buy more. Somebody need cash.

Posted by meiling0809 > 2017-08-28 17:26 | Report Abuse

yea.... hold another rubbish on hand.... WTF !!!!

Posted by UncleJ > 2017-08-28 17:49 | Report Abuse

Cheap buy buy. Sold my heng yuan n buy ambank

Posted by UncleJ > 2017-08-28 17:50 | Report Abuse

Warren buffet say buy low n sell high. Sifu buffett help me makes lot money

Posted by mxlitfly > 2017-08-28 18:18 | Report Abuse

EPF came....... huahuahua