Posted by caven > 2017-09-12 21:33 | Report Abuse

12 Sep 2017

AmInvestment Bank Bhd was awarded the Best Sukuk House at the seventh Global Islamic Finance Awards 2017 (GIFA).

The Global Islamic Finance Awards, held on Sept 6 in Kazakhstan, recognises the most outstanding players around the world in Islamic finance and banking.

Posted by meistsk3134 > 2017-09-13 07:51 | Report Abuse

So? Maybank so many award also stuck on 9

Posted by Tortoise > 2017-09-13 09:37 | Report Abuse

Gogogogogogogo, lai liao

Posted by gcke > 2017-09-13 10:59 | Report Abuse

@TORTOISE ,yeah you are right.Seemed like consolidation is over as shown by the various Technical Chart Indicators today.
2. The MACD line(12,26,9) has just crossed the Signal Line(red colour) today and that is good.Portend strong momentum support for the price to move higher.
3.On the RSI stochastic chart(14,14,3,3) the %K has also crossed the Signal Line (%D).
4.That together can confirm the price consolidation is over.Time period for AMMB to move higher.No reason to stay put.

Outcome: Hopefully,can see green shoots from the counter.Smile:-)))

Posted by moneycome123456 > 2017-09-13 11:48 | Report Abuse

Ammb up up more, up to 5 above.. :)

Posted by luckyeveryday > 2017-09-13 11:51 | Report Abuse

real breakout now....fighting !!!

Posted by nicky > 2017-09-13 11:59 | Report Abuse

finally......

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

Laggard CI stocks catching up?

Posted by Alex Foo > 2017-09-13 12:19 | Report Abuse

ambank no more lausai, yay~

Posted by gcke > 2017-09-13 13:16 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

AMMB HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19 Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
1 05 Sep 2017
945,500
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd, Employees Provident Fund Board
Address of registered holder Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Direct (units) 295,037,837
Direct (%) 9.788
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 295,037,837
Date of notice 06 Sep 2017
Date notice received by Listed Issuer 08 Sep 2017

Posted by meistsk3134 > 2017-09-13 14:05 | Report Abuse

So?

Posted by moneycome123456 > 2017-09-13 14:47 | Report Abuse

so, will up soon

Posted by luckyeveryday > 2017-09-13 15:37 | Report Abuse

it is flying !!! keke

Posted by gcke > 2017-09-13 16:10 | Report Abuse

Gogogo Ambank.Time to fly and do the catching up.Price momentum is gaining strength and possible chance can break past 4.40 during the closing;-)))

Posted by alvisshare > 2017-09-13 16:13 | Report Abuse

Aiya..I waiting the price to 4.1...

Posted by casanwk > 2017-09-13 16:32 | Report Abuse

sign of selling inventory drying up
good..!!!!

Posted by nicky > 2017-09-13 16:40 | Report Abuse

haiz...soften down

Posted by Alex Foo > 2017-09-13 16:40 | Report Abuse

haha, lausai belum stop

Posted by investmalysia > 2017-09-13 16:44 | Report Abuse

really useless. sohai bank

Posted by klse1997 > 2017-09-13 18:29 | Report Abuse

What about IFRS9 which is just around the corner... will AMBANK need another impairment based on the new accounting std

Posted by JJchan > 2017-09-13 19:05 | Report Abuse

if you pump some money into Ammb then it will be hai-hai Bank

Posted by gcke > 2017-09-13 19:22 | Report Abuse

International Financial Financing Reporting Standard 9 (or IFRS9 in brevity) or MFRS9 ((The Malaysia equivalent) will come into force at the beginning of 2018.With this new and drastic change in methodology banks will be required to switch to an expected loss model,as opposed to the incurred loss model they now used under MFRS 139.
2.Thus given such change banks will see a jump in provisions,which would hurt earnings and weigh on their capital ratios and potentially affect dividend payout.
3.But on the other hand,Malaysian major six banks including AMMB are quite well capitalised,so it is not going to be an immediate concern.The only thing here is the impact on profitability subsequently.That's the main concern.
4.AMMB which has a March 31 financial year end,will transition to MFRS9 only on April next year.According to CEO Sulaiman the impact on its CET-1 is expected to be neutral.Also he commented that it is too early to predict reliably on the impairment upon IFRS9 adoption.He further added that its bank capitalisation is more than adequate and AMMB would strive to maintain a consistent dividend annual payout.

Posted by shortinvestor77 > 2017-09-14 09:26 | Report Abuse

No favourable catalyst in the short-term ahead, current conditions prevailing…maintain NEUTRAL. We reiterate our NEUTRAL call as we see no change in the prevailing conditions ahead. There is no concrete catalyst and game changer on the horizon and structural and cyclical headwinds are still prevailing such as; (i) moderating economy, (ii) subdued loans growth, and (iii) downward pressure on NIM. We maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN, AFG, AMBANK and RHBBANK, which are at OUTPERFORM as at current share prices, we see attractive proposition with a potential total return of more than 10% each.

Source: Kenanga Research - 14 Sept 2017

Posted by rlch > 2017-09-14 09:27 | Report Abuse

Affin upgrade TP to RM 5.2.

Posted by casanwk > 2017-09-14 09:28 | Report Abuse

flying...
:)))))

Posted by shortinvestor77 > 2017-09-14 09:28 | Report Abuse

For 2QCY17, all the nine (9) banking stocks under our coverage met our expectations. YoY, earnings improved as impairment allowances fell as expected with improvement in asset quality. We also see widening NIMs due to better management in funding costs and better repricing of assets. However, loans growth seemed to be easing. All in, we maintain our NEUTRAL stance on the sector as the prevailing challenges in the economy still remain. As results were mostly in line, we maintain our MARKET PERFORM call for most of the banking stocks in our coverage with the exception of AFFIN (TP: RM3.00), AMBANK (TP: RM5.00), AFG (TP: RM4.15) and RHBBANK (TP: RM5.60) due to their undemanding valuations.

Posted by Alex Foo > 2017-09-14 09:35 | Report Abuse

ambank laosai recovery sequence initializing.....

Posted by Alex Foo > 2017-09-14 09:36 | Report Abuse

nim apa?

Posted by casanwk > 2017-09-14 09:37 | Report Abuse

topup 4.43

Posted by luckyeveryday > 2017-09-14 09:39 | Report Abuse

RM5.00 in 2 weeks time? keke. go go go !!!

Posted by rlch > 2017-09-14 10:07 | Report Abuse

Possible RM 7 in GE 14 like in 2014?

Posted by meistsk3134 > 2017-09-14 10:16 | Report Abuse

Mostly rm5 due economic slow

Posted by kuaTAKtahu > 2017-09-14 10:57 | Report Abuse

Rm 5 ? haha

Posted by rlch > 2017-09-14 11:17 | Report Abuse

4.5 also difficult?

kuaTAKtahu Rm 5 ? haha
14/09/2017 10:57

Posted by luckyeveryday > 2017-09-14 11:21 | Report Abuse

very likely to break 4.50 today... pray. if it happens... sky the limit.

Posted by investmalysia > 2017-09-14 11:50 | Report Abuse

too bad for those who cut lost at 4.3. must be crying now

Posted by ZeaXG > 2017-09-14 11:54 | Report Abuse

zzz... stock went up before I got chance to all-in my funds

Posted by investmalysia > 2017-09-14 12:04 | Report Abuse

not too late if u want to enter now. limited downside risk. target rm5

Posted by joetay > 2017-09-14 12:07 | Report Abuse

too heavy into ambank alrdy, so have to rebalance at the rite price.

Posted by ZeaXG > 2017-09-14 12:09 | Report Abuse

actually it might be too late for me, haha... I need to wait until end of month only can buy more. Now I only have a small stake in Ambank haiz

Posted by joetay > 2017-09-14 12:11 | Report Abuse

i overadded during the downtrend. so have to pare down abit.

Posted by Alex Foo > 2017-09-14 12:14 | Report Abuse

anything below 4.5, i still consider ambank laosaing =)

Posted by joetay > 2017-09-14 12:16 | Report Abuse

@alex foo,

dont worry, there r plenty of ambank takers to push the price up past 4.50

Posted by mxlitfly > 2017-09-14 12:32 | Report Abuse

alamak already fly to sky .....

Posted by moneycome123456 > 2017-09-14 14:51 | Report Abuse

push...up.....

Posted by luckyeveryday > 2017-09-14 14:53 | Report Abuse

Wow. Blast off.....up up up

Posted by moneycome123456 > 2017-09-14 15:00 | Report Abuse

now 4.490

Posted by nicky > 2017-09-14 15:01 | Report Abuse

Show time...

Posted by gcke > 2017-09-14 15:01 | Report Abuse

@Alex Foo, Net interest margin or NIM denotes the difference between the interest income earned and the interest paid by a bank or financial institution relative to its interest-earning assets like cash. ... Meanwhile, a higher NIM would increase the profitability of the lender.
Hope the information is useful.I am just back after the meeting today;-)))

Posted by JJchan > 2017-09-14 15:02 | Report Abuse

hai-hai Bank ( change name so fast )