Posted by meistsk3134 > 2017-08-30 17:26 | Report Abuse

Walao

Posted by limch > 2017-08-30 17:32 | Report Abuse

bought at 4.28.

Posted by limch > 2017-08-30 17:37 | Report Abuse

EPF bought 3.1299 million shares.

Posted by beso > 2017-08-30 18:06 | Report Abuse

may drop further to create double bottom b4 rebound

Posted by Shawnchng > 2017-08-30 18:53 | Report Abuse

i bought @4.36 should he rebounding soon

Posted by gsi723 > 2017-08-30 19:14 | Report Abuse

Someone intentionally drive it down.....
Doesn't seem a good reasoning:
a) ANZ desperate to sell
b) liability on 1MDB related...

Posted by JadeSchira > 2017-08-30 23:10 | Report Abuse

So called rare opportunity to buy. If the stock doesnt move up on Monday, I will shoot email to Bursa to issue UMA.

Posted by Alex Foo > 2017-08-30 23:33 | Report Abuse

haha uma? that's too much! tell bursa to set a floor price for ambank =)

Posted by meistsk3134 > 2017-08-31 19:03 | Report Abuse

pity thou buy 4.5 4.4.... no idea what happen or does ANZ really sell the share out? as i know ANZ wan sell high price to rhb which reject

Posted by meistsk3134 > 2017-08-31 19:05 | Report Abuse

i think no related to 1mbd since cimb look strong too

Posted by meistsk3134 > 2017-08-31 19:11 | Report Abuse

last year low price are rm3.99 so???

Posted by gcke > 2017-09-01 11:38 | Report Abuse

@meistsk3134 agreed that the price RM3.99 was on 15 Nov last year.
2.Very important to watch for next week trading.So long as the price RM 4.28 did NOT go down and BREACHED RM 4.25 reached on 2 Jan 2017 which is the resistance level,then we are safe.Otherwise the price will go down again until RM 3.99(the next lowest floor price) before rebounding.
3.If the price stayed put and strongly supported above RM 4.25 then the price will slowly recover to RM 4.50(TP1) before ascending to the next target price(TP2) level at RM 4.62 reached on 27 January 2017.
4.The Technical Price Chart trend last week is similar to 2 January 2017.
5.The long weekend break(31Aug-4Sept) for 5 days will help investors to reflect and calm down market nervousness on AMMB stock.

Outcome: The odds is towards price recovery barring any adverse global news development especially on geo-political tension/rivalry in North East Asia.

Posted by moneycome123456 > 2017-09-01 14:31 | Report Abuse

will rebound soon?

Posted by meistsk3134 > 2017-09-01 23:10 | Report Abuse

It safe to enter now. Not sure tuesday can catch up not. If tuesday no yet rise then buy fast. Let say it drop to 4.00 we can wait long month term. Ok 1 more questio is does ambank related to political and election ?

Posted by vegebotak > 2017-09-02 10:13 | Report Abuse

wait below 4.00 la

Posted by shortinvestor77 > 2017-09-02 11:46 | Report Abuse

As simply as KWAP wanted to buy cheap from the substantial shareholders, so it presses down the price to negotiate the cheapest price possible. KWAP is playing dirty. Let the market force to determine the price. But then again they would not sell. Only offer 2X NTA which is more than RM10, then they will consider. Give KWAP another 1 month time, this rare opportunity would not be sustainable.

Posted by ivankvs > 2017-09-02 14:01 | Report Abuse

4.20-4.30 good buy
Rebound next week

Posted by RainT > 2017-09-02 14:20 | Report Abuse

This Ambank cannot study and research one

Very complicated

Just buy when drop or still undervalued and wait for the market to realize its value

Posted by rlch > 2017-09-02 22:11 | Report Abuse

Traders see next Fed rate hike in mid-2018
https://www.reuters.com/article/us-usa-fed-futures/traders-see-next-fed-rate-hike-in-mid-2018-idUSKCN1BC50W

Posted by gcke > 2017-09-02 22:28 | Report Abuse

@rich but what the global money and financial markets are anxious sis whether The Federal Reserve Board(Central Bank.For Malaysia is Bank Negara) will roll-back the quantitative easing(QR) in their coming meeting this month on 19-20 September.
2.If it decides to do so then it may roil the global markets again like a few years ago.
3.Any of such measure will cause the foreign funds outflows back to US.
4.Then the years of cheap and readily available liquidities that fuel the global boom in equities will be affected.May cause the downtrend of the local equity market.
5.Well watch for the further development and news flow from these important dates.

Posted by 888888888 > 2017-09-04 10:02 | Report Abuse

RM 5 in Sep or Oct?

Posted by meistsk3134 > 2017-09-04 13:43 | Report Abuse

ambank drop to rm3.00 i will be speechless.

Posted by beso > 2017-09-04 14:06 | Report Abuse

if really down to 3.00 level anz will be the biggest loser

Posted by gcke > 2017-09-04 14:26 | Report Abuse

1.Today the Asian equity markets were affected but not badly by the event in North Korea where it was reported that the despotic regime under Kim tested successfully the nuclear bomb over the weekend.Seemed that such dangerous and continual brinkmanship by North Korea against global's opinions and pressure will continue to roil the equities.
2.Without this event AMMB probably would have recovered from the lows reached last week because the RSI stochastic chart showed the stock is presently oversold and valuation is reasonably cheap.And that the trend and momentum is almost similar to the price moves three months ago.
3.Further development will also much dependent on how the geo-political power played out by USA,China vis-a-vis against this latest negative development.
4.Malaysia also reported a better and improved PMI figure above 50% over last month figure which shows the economy is in expansionary trend.

Conclusion: Fortunately,the latest economic data,figures coming out from USA and China will lend some support to their equities prices.And US market was closed today for their Labour day.

Posted by gcke > 2017-09-04 16:56 | Report Abuse

China's equity markets were up fresh from the 20-months' high today.Hopefully such positive signal will generate positive sentiments in our local and oversea equities.

Read- http://www.themalaymailonline.com/money/article/china-stocks-end-at-fresh-20-month-high-despite-north-korea-nuclear-test#c4r5gZCeVgJzYiv0.97

Posted by gcke > 2017-09-04 20:19 | Report Abuse

Latest Nikkei Futures up by about +20points.Hope the momentum can be sustained for tomorrow opening.

Posted by worldbaba > 2017-09-05 08:48 | Report Abuse

Waiting for around rm4 to buy.

Posted by worldbaba > 2017-09-05 09:09 | Report Abuse

ambank trend is morning up then closing down

Posted by JadeSchira > 2017-09-05 09:27 | Report Abuse

Sold all and bye bye

Posted by kf911 > 2017-09-05 09:31 | Report Abuse

jadeschira, what's your average buy price

Posted by casanwk > 2017-09-05 09:35 | Report Abuse

50ma is in downtrend slope
look like epf step in to stop down drift!!!

Posted by JadeSchira > 2017-09-05 09:49 | Report Abuse

I cut loss. Average 4.60. Fedup

Posted by Alex Foo > 2017-09-05 09:50 | Report Abuse

stage 1 - things look terrible

Posted by meistsk3134 > 2017-09-05 10:03 | Report Abuse

Why sold. Keep it for rm5. 4.28 can enter now

Posted by meiling0809 > 2017-09-05 10:38 |

Post removed.Why?

Posted by kf911 > 2017-09-05 10:43 | Report Abuse

gonna hold and average down. keep for long term. wont zap lap la this one

Posted by gcke > 2017-09-05 10:45 | Report Abuse

Yes,agreed @casanwk that the Exponential Moving Average 50(EMA 50) is in downtrend slope.It has happened in the period Jun and July 2017 and also like many other stocks and equities market moves and trend.
2.If today's price trend and momentum can be sustained then the stock has hit the low low end.Presently,on the RSI 14 chart shows the stock is presently oversold and at this price reasonably cheap.
3.The %K signal is trending above %D line on the Stochastic Oscillator chart in the morning.If the price support can be maintained then the price will somewhat recover by this week.

Cheers and barring any adverse geo-political event emanating from North East Asia.

View the chart: http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1015

Posted by yfwai > 2017-09-05 11:41 | Report Abuse

not so fast recover hold and wait at least 3 month

Posted by gcke > 2017-09-05 12:08 | Report Abuse

IF today the AMMB stock price is maintained UNCHANGED at this level is already good.Today many financial stocks were down.But a number of Asian markets were up in the late morning session.

Posted by casanwk > 2017-09-05 12:16 | Report Abuse

aiyo it break 2oma & 50ma
if can sustained, very very good sign (breakout)?

Posted by rlch > 2017-09-05 12:43 | Report Abuse

4.27 bottom price for downcycle?

Posted by gcke > 2017-09-05 13:01 | Report Abuse

Yes, if the current price support can be maintained and sustained towards the closing by today.That will be good and like what has been commented earlier an early sign of breakout or price reversal from the down trend.
2.Basing on Technical Price Charts at mid-day closing for lunch breaks:

i.Trading volumes or turnover were at 2.123 million units.
ii.The difference between MACD and the Signal Line is not much.Just at -0.0463.
iii. Basing on RSI (14,3,3) the stock is presently oversold.The %K reading is at 0.7930 which is slightly above 0.2643 %D reading. Normally,investors will look for an early sign from such reading or indicator.Speed and momentum basically moves ahead of price change.Thus this reading is one of the important indicators.

3.If the RSI reading can be maintained today it will be followed by the convergence of the MACD line towards the Signal Line on the MACD or PPO charts maybe during the trading this week or the week after.

Hopefully such positivity augur well and good for the AMMB stock.If maintained at the closing today can infer correctly that the price has hit bottom level during the down cycle.

Posted by joetay > 2017-09-05 13:12 | Report Abuse

yup, rsi is quite oversold.

i shld have hold my bullets and not come in so early.

now my average ard 4.40

Posted by klse1997 > 2017-09-05 14:15 | Report Abuse

Cimb beaten down today.. maybank also down a bit.... wait for budget 2018 sentiment

Posted by JadeSchira > 2017-09-05 15:10 | Report Abuse

Other banks all up or maintain, only Ambank down everyday. So never say it's rare opportunity. Even EPF also sell. Never once it close up strongly.

Posted by meiling0809 > 2017-09-05 16:22 |

Post removed.Why?

Posted by gcke > 2017-09-05 17:08 | Report Abuse

@JadeSchira Ambank had closed up strongly in the past.For example on 2March, 4 March and 28 April 2017 up by 30cts, 20cts, and 24cts respectivley.
2.Glad that today closing is positive at 1cts up.That is the positive sign even at a meagre 1 cent..
3.Can we say now that the 4.27 is the bottom price reached during this downtrend.
4.Hopefully tmrw and later part of this week the stock price has stabilised to prepare for the price reversal or recovery.

Just to share with all forumers who owned this share.Cheers:-)))

Posted by casanwk > 2017-09-05 17:20 | Report Abuse

good try today. still rejected by 50ma line resistance
bang a few times more ,made resistance weaker
one of these days if will give way
woop.... up we go!!!!

Posted by shortinvestor77 > 2017-09-05 20:42 | Report Abuse

KUALA LUMPUR: The local banking sector is expected to see its earnings grow 10.6 per cent this year, according to Affin Hwang Capital.

This will ease to a more modest 38 per cent next year before slightly rising 4.1 per cent in 2019, the firm said in a report today.

Affin Hwang Capital said favourable domestic demographic trends (driving consumption and housing needs), ample infrastructure projects in the pipeline and accommodative monetary policy are supportive reasons for the growth in earnings.

“The sector’s overall valuation in 2017 still appears attractive at a 1.35 times price to book value multiple (on a forward basis) against the past 10-year average of 1.6x and the past five-year average of 1.5x,” it added.

Key risks for the sector include new bad loan formation, net interest margin compression, higher funding costs, weaker loan growth and much higher provisions on FRS 9 (financial reporting standards) adoption.

Affin Hwang Capital’s top picks are AMMB Holdings Bhd, Public bank Bhd and Malayan Banking Bhd.

The firm upgraded its rating on AMMB from “hold” to “buy” with a price target of RM5.20 (based on 0.9x P/BV on calendar year 2018). “We believe the recent selling of the stock is unjustified (currently trading at 0.77x P/BV versus the sector at 1.35x), subsequent to the aborted merger plan with RHB Bank Bhd,” it added.

Posted by shortinvestor77 > 2017-09-05 20:43 | Report Abuse

No regret.