Posted by aliyusof > 2020-06-26 11:45 | Report Abuse

Yes, worst are from sme companies which is sctually the main business of this smallish bank.

Posted by TRADERPATEL > 2020-06-26 14:20 | Report Abuse

Bank able to recover 70% of loan to London Biscuit

Posted by TA_trader > 2020-06-26 20:22 | Report Abuse

Trader Patel. Don't talk. Just buy. Please load up

Posted by shareinvestor88 > 2020-06-26 20:44 | Report Abuse

More losses in Q2-Q3 TRADING BUY 1.50

Posted by aliyusof > 2020-06-27 10:45 | Report Abuse

Banking crisis imminent, warns economist

https://www.freemalaysiatoday.com/category/nation/2020/06/27/banking-crisis-imminent-warns-economist/

Posted by aliyusof > 2020-06-27 10:46 | Report Abuse

Dow Jones down 730 points!

Posted by stockraider > 2020-06-27 11:24 | Report Abuse

PEOPLE SEE IT CRISIS, RAIDER SEE IT IS OPPORTUNITY MAH...!!

Banking crisis imminent, warns economist
Minderjeet Kaur -June 27, 2020 10:30 AM

Economist Kameel Mydin Meera says the six-month debt moratorium is merely delaying defaults on housing and business loans.
PETALING JAYA: An economist has warned that a banking crisis is coming and urged the government to set up an agency to work towards lightening it.

Kameel Mydin Meera, an adjunct economics and finance professor at International Islamic University Malaysia, said the body he was proposing should monitor and address a surge in bankruptcies and foreclosures which he expected to happen in the coming months.

He told FMT the banking crisis would be an “indirect translation” of the bankruptcies and foreclosures.

“Bank mergers can therefore be expected to take place,” he said.


Kameel Mydin Meera
Referring to the six-month debt moratorium, Kameel said it had merely delayed defaults on housing and business loans taken by many borrowers who were now jobless.

“Once the moratorium is over in September, the scenario is going to be different,” he said.

He said Malaysia was heading for one of the worst economic recessions it had experienced in decades and recovery may take two years, with nearly all Malaysians feeling the pinch, the exceptions being civil servants and other workers on fixed salaries.

He noted that the production sector had been feeling the heat since March and said the construction sector, which suffered from a glut in the market even before Covid-19 hit, might be heading for worse.


Many experts have predicted a plunge in the prices of houses, and Kameel said there would be a “drastic drop” in the demand for business premises as people shift to e-business, e-meetings and e-education.

“People can now even buy ikan bilis online,” he noted.

He also said the government should take immediate steps to prevent any shrinking of liquidity.

“Liquidity is not about how much money is in the system, but how easily people can transact in the economy,” he said.

“Both the supply and demand shocks from the MCO (movement control order), in a way, have destroyed liquidity.”

He suggested the injection of more funds through stimulus packages.

“There were complaints that in the previous stimulus packages, many businesses did not get the promised help,” he said, adding that transparency was needed in the way funds were distributed.

Kameel also suggested the creation of jobs in high-tech agriculture, a sector that many have said is poised to grow after the Covid-19 crisis.

Hoo Ke Ping
He said the money would be in the digital economy because of its inclusivity, and he called for cheap access to communication networks but also to transportation. Accessibility to both would speed up recovery from a recession, he added.

Another economist, Hoo Ke Ping, said the real state of the Malaysian economy would be clearer in September as the country enters the third quarter of the economic year.

“If the economy continues to contract, then we will be in full scale recession,” he said. “But if the economy picks up even slightly by September, then we may escape recession and head towards a very weak economy.”

Posted by waikee > 2020-06-28 18:31 | Report Abuse

housing loan NPL increasing...

Posted by aliyusof > 2020-06-29 09:45 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2020/06/27/banking-crisis-imminent-warns-economist/

Posted by aliyusof > 2020-06-29 09:48 | Report Abuse

https://www.theedgemarkets.com/article/banking-and-financial-system-suffer-rm1-trillion-losses-if-economy-not-reopened-—-pm?type=malaysia

Posted by aliyusof > 2020-06-29 09:49 | Report Abuse

https://www.thestar.com.my/news/nation/2020/06/28/finance-minister-govt-to-discuss-with-banks-extension-of-six-month-loan-moratorium

Posted by aliyusof > 2020-06-29 09:50 | Report Abuse

Extension of 6 months fixed bank loan moratorium will surely be carried out especially snap general election is likely called this year. Banks and all GLCs (appointment of know nothing MPs as chairmen) are doing charity work at the expense of shareholders. Votes are primary consideration lah.

Posted by aliyusof > 2020-06-29 09:53 | Report Abuse

No dividend declared for 1Q, what to expect for 2 or 3 or 4 Q, which will be worst with full impacts of loan moratorium or further extension and more NPL? Will cut loss...what to do. Celaka

Posted by stocksyndicate > 2020-07-01 12:30 | Report Abuse

Next quarter will be worse than you know

Posted by shareinvestor88 > 2020-07-01 23:49 | Report Abuse

Yes agreed next few quarters gonna bleed. Wait for 1.50

Posted by Plantermen > 2020-07-01 23:52 | Report Abuse

ABMB should continue their dividend policy and not stop it { this is the least they can do for the long suffering shareholders}

Posted by aliyusof > 2020-07-04 12:24 | Report Abuse

https://www.theedgemarkets.com/article/mtuc-bnm-mof-compel-banks-extend-moratorium-or-see-record-forfeitures?type=malaysia

Posted by aliyusof > 2020-07-04 12:26 | Report Abuse

This bank will be hard hit as his loans are mostly from SMEs. Massive bad loans will surface after 6 months moratorium and later if moratorium is extended. No dividend declared as directors know current situation is only the tip of the icerberg.

Posted by aliyusof > 2020-07-04 12:43 | Report Abuse

This bank had lots of individual housing and car loans as well.

Posted by stocksyndicate > 2020-07-05 16:26 | Report Abuse

Another rate cut next week.

Posted by stockraider > 2020-07-05 22:28 | Report Abuse

This sohai LGE just want to fish votes loh....u think your grandfather own the bank meh ??

U better pakai otak & think lah, the banks already says willing to help the borrowers provided it is a viable case to help mah...!! If it is a gone case...better cut it short to prevent more damage later mah..!!


KUALA LUMPUR, July 5 — DAP secretary-general Lim Guan Eng has backed those calling the federal government to consider extending the moratorium on loan repayments slated to end in September by at least another six months.

Lim, who is also Bagan MP, cited how unemployment rates have gone up from 3.2 per cent in January to 5 per cent in April, with April’s figure amongst the highest in the recent decades.

“It will continue to go higher because many companies are still in the process of retrenching their employees. At a time when the economy is getting worse, many Malaysians and local businesses are not prepared to face the moratorium’s expiration.

“I hope the government will extend the moratorium period until the country’s economy begins to recover,” he said in a statement on Facebook here.

Under the Prihatin Rakyat Economic Stimulus Package’s (Prihatin), Bank Negara Malaysia (BNM) has proposed an automatic moratorium on all loan repayments by individuals and small and medium enterprises for six months from April 1 until September 30.

The former finance minister said any form of extension will help ordinary Malaysians plan their financial obligations properly and lighten the burden.

“There is no use in bankrupting anyone and exacerbating the economic downturn that we are weathering through at the moment,” he added.

He added that the six-month moratorium was estimated to cost RM100 billion, according to the prime minister.

“As reported by the finance minister, as much as RM47.5 billion have been utilised as of June 19. I am confident that the government could do much more,” Lim added.

It was reported on Friday that BNM said it was unlikely that financial institutions would extend the six-month moratorium on the payment of monthly instalments for vehicles and housing loans which will end on September 30.

BNM assistant governor Adnan Zaylani Mohamad Zahid reportedly said that the economic recovery would continue and that BNM has no intention of extending the moratorium as it would have repercussions that it wanted to avoid.

Adnan’s statement was consistent with Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, who on June 28 said that it is up to the banks if they wish to extend the loan moratorium in a targeted way.

Tengku Zafrul was quoted as saying that the targeted moratorium extension should be looked at by banks on a case-by-case basis.

Posted by TA_trader > 2020-07-26 22:47 | Report Abuse

why all so silent?

didnt cry mother, cry father saying it will fly?

Lowest profit in the past 10 years.

Worse profit announcement yet to come. Nobody wants to buy their loss making investment bank outfit.

https://www.theedgemarkets.com/article/newsbreak-four-parties-said-be-eyeing-alliance-investment-bank

Not is the investment outfit just loss making, but contributed unnecessary losses further.

https://www.theedgemarkets.com/article/alliance-bank-earnings-squeezed-london-biscuits

Interestingly, in a press statement dated the same day, Alliance Bank also revealed that it had made a full provision and impairment amounting to RM74.9 million for the few large accounts. The bank further said it has since initiated recovery actions on the affected accounts.

This leads to the question of which borrowers dragged down Alliance Bank’s bottom line in 1QFY2020.

One name that has come up is London Biscuits Bhd, a homegrown cake and snack food producer that has been thrust into the limelight for the wrong reasons lately.

Recall that London Biscuits had in June 2016 announced the establishment of its unrated medium term notes (MTN) programme of RM100 million.

The appointed principal adviser for this programme is none other than Alliance Investment Bank Bhd, the investment banking arm of locally listed Alliance Bank.


HAHAHAHA!

Senior management and mid level management milking shareholders nicely!

Posted by shareinvestor88 > 2020-07-29 18:44 | Report Abuse

GOOD NEWS

Posted by kyliew > 2020-07-29 19:31 | Report Abuse

manage to collect at RM2.12 this morning, luckily. keep for long term 2-3 years

Posted by shareinvestor88 > 2020-07-29 23:04 | Report Abuse

Boss , likely losses plus another moratorium. Better bye 1.50

Posted by abang_misai > 2020-07-29 23:06 | Report Abuse

haha

Posted by shareinvestor88 > 2020-08-03 20:10 | Report Abuse

Bang , soon 1.50

Posted by Jonathan Keung > 2020-08-10 14:31 | Report Abuse

Board stupid decision to with hold their dividend payment { conserve cash } but the shares drop like a brick

Posted by TA_trader > 2020-08-10 23:12 | Report Abuse

cut dividind to conserve their cash to pay their management lor.

don't see them cut management's pay also. Net profit margin eroded over the years by higher pay to senior management including head of departments.

Posted by Plantermen > 2020-08-11 07:11 | Report Abuse

Yup. TA trader. Board remuneration fee never cut but cut our expected dividend payout. Board directors insensitive and make stupid decision

Posted by raymondlct126 > 2020-08-20 07:21 | Report Abuse

Haha.... That's what we always call banker and player. They're "banker" while we are player. We can't do anything.

Posted by TA_trader > 2020-08-21 21:20 | Report Abuse

if you dont be a player, there wont be a banker. ;)

Posted by TA_trader > 2020-08-24 11:40 | Report Abuse

another OPR cut coming soon. =)

Posted by raymondlct126 > 2020-08-27 19:21 | Report Abuse

Haha.... like that we better KIV and looking for another counter lol

Posted by lomas > 2020-08-27 20:01 | Report Abuse

Got any dividend this year?

Posted by stockraider > 2020-08-27 22:34 | Report Abuse

Very good qtr result alliance bank loh...!!

Posted by Jonathan Keung > 2020-08-28 08:22 | Report Abuse

Against market consensus. Profit higher but still withhold shareholders dividend

Posted by Sailangking > 2020-09-06 21:43 | Report Abuse

collext keep for long term

Posted by TA_trader > 2020-09-11 21:03 | Report Abuse

have yet to look at their financial reports. but suspect it has to do with the realisation of bonds from their books.

If so, then they will most likely record lower interest income and capital gains moving forward. Because bonds bought with higher coupons previously been sold off.

always finding ways to cover lubang.

Posted by neonstrife > 2020-09-18 16:32 | Report Abuse

KIV list

Posted by Plantermen > 2020-09-21 12:51 | Report Abuse

Coming qtr result ending 30 sep anticipated to be better than 1st Qtr which bear the brunt of the MCO covid pandemic lockdown

Posted by NavinShah > 2020-09-21 14:01 | Report Abuse

Any dividend to shareholders or directors enjoy life.

Posted by Plantermen > 2020-09-21 16:25 | Report Abuse

No dividends { hold back} for minorities × but directors still enjoying their food, clavier and other perks

Posted by Hafid > 2020-09-22 01:05 | Report Abuse

https://www.theedgemarkets.com/article/nine-banks-malaysia-led-public-bank-and-ambank-linked-23-suspicious-transactions

Posted by Alfonso > 2020-10-01 15:11 | Report Abuse

Beware, one employee from alliance bank got infected with covid19!

Posted by Jonathan Keung > 2020-10-01 15:13 | Report Abuse

Which branch?

Posted by Alfonso > 2020-10-01 15:17 | Report Abuse

never mention, but just back from sabah

Posted by zhen wei & JP > 2020-10-12 20:07 | Report Abuse

Time to move on.

Zhenwei

Posted by Alfonso > 2020-10-15 13:45 | Report Abuse

Such a great potential bank with no discussion?

Posted by kokchengkai > 2020-10-21 17:19 | Report Abuse

Sumthing positive going to happen