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KLSE: ABMB       ALLIANCE BANK MALAYSIA BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.18 2.23     +0.05 (2.29%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
06/10/2020 2.20 2.20 0.00 (0.00%) HOLD KENANGA Price Target News
28/08/2020 2.18 2.30 +0.12 (5.50%) TRADING BUY PUBLIC BANK Price Target News
28/08/2020 2.18 2.10 -0.08 (3.67%) HOLD MIDF Price Target News
28/08/2020 2.18 2.20 +0.02 (0.92%) HOLD HLG Price Target News
28/08/2020 2.18 2.00 -0.18 (8.26%) HOLD AmInvest Price Target News
28/08/2020 2.18 2.18 0.00 (0.00%) HOLD AffinHwang Price Target News
06/07/2020 2.21 2.20 -0.01 (0.45%) HOLD HLG Price Target News
02/07/2020 2.18 2.20 +0.02 (0.92%) HOLD HLG Price Target News
29/06/2020 2.15 2.20 +0.05 (2.33%) SELL KENANGA Price Target News
29/06/2020 2.15 2.20 +0.05 (2.33%) HOLD HLG Price Target News
26/06/2020 2.22 2.50 +0.28 (12.61%) TRADING BUY PUBLIC BANK Price Target News
26/06/2020 2.22 2.05 -0.17 (7.66%) HOLD MIDF Price Target News
26/06/2020 2.22 2.60 +0.38 (17.12%) BUY KENANGA Price Target News
26/06/2020 2.22 2.30 +0.08 (3.60%) HOLD AmInvest Price Target News
26/06/2020 2.22 2.18 -0.04 (1.80%) SELL AffinHwang Price Target News


Price Target Research Article/News (past 6 months)
06/10/2020  KENANGA Banking - Good To Be Predictable
28/08/2020  PUBLIC BANK Alliance Bank Malaysia Berhad - Encouraging Start
28/08/2020  MIDF Alliance Bank - Rebound Within Expectations
28/08/2020  HLG Alliance Bank - Broadly in Line
28/08/2020  AmInvest Alliance Bank Malaysia - Steep compression in NIM; provisions remain elevated
28/08/2020  AffinHwang Alliance Bank Malaysia - a Decent 1QFY21; Uncertainties Mostly in the Price
06/07/2020  HLG Alliance Bank - Downbeat Outlook
02/07/2020  HLG Alliance Bank- Murky days ahead
29/06/2020  KENANGA Alliance Bank Malaysia Bhd - Credit Charge Higher Ahead
29/06/2020  HLG Alliance Bank - Downbeat Outlook
26/06/2020  PUBLIC BANK Alliance Bank Malaysia Berhad - No Surprises
26/06/2020  MIDF Alliance Bank Malaysia Berhad - Better Than Expected But Still Earnings Declined
26/06/2020  KENANGA Alliance Bank Malaysia Bhd - Fee-based Income a Surprise
26/06/2020  AmInvest Alliance Bank Malaysia - Moderation in loan growth; higher provisions
26/06/2020  AffinHwang Alliance Bank - Impacted by Higher Provisions in 4QFY20



  5 people like this.
 
aliyusof 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.
29/06/2020 9:50 AM
aliyusof 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
29/06/2020 9:53 AM
stocksyndicate Next quarter will be worse than you know
01/07/2020 12:30 PM
shareinvestor88 Yes agreed next few quarters gonna bleed. Wait for 1.50
01/07/2020 11:49 PM
Plantermen ABMB should continue their dividend policy and not stop it { this is the least they can do for the long suffering shareholders}
01/07/2020 11:52 PM
aliyusof https://www.theedgemarkets.com/article/mtuc-bnm-mof-compel-banks-extend-moratorium-or-see-record-forfeitures?type=malaysia
04/07/2020 12:24 PM
aliyusof 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.
04/07/2020 12:26 PM
aliyusof This bank had lots of individual housing and car loans as well.
04/07/2020 12:43 PM
stocksyndicate Another rate cut next week.
05/07/2020 4:26 PM
stockraider 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.
05/07/2020 10:28 PM
TA_trader 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!
26/07/2020 10:47 PM
shareinvestor88 GOOD NEWS
29/07/2020 6:44 PM
kyliew manage to collect at RM2.12 this morning, luckily. keep for long term 2-3 years
29/07/2020 7:31 PM
shareinvestor88 Boss , likely losses plus another moratorium. Better bye 1.50
29/07/2020 11:04 PM
29/07/2020 11:06 PM
shareinvestor88 Bang , soon 1.50
03/08/2020 8:10 PM
Jonathan Keung Board stupid decision to with hold their dividend payment { conserve cash } but the shares drop like a brick
10/08/2020 2:31 PM
TA_trader 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.
10/08/2020 11:12 PM
Plantermen Yup. TA trader. Board remuneration fee never cut but cut our expected dividend payout. Board directors insensitive and make stupid decision
11/08/2020 7:11 AM
raymondlct126 Haha.... That's what we always call banker and player. They're "banker" while we are player. We can't do anything.
20/08/2020 7:21 AM
TA_trader if you dont be a player, there wont be a banker. ;)
21/08/2020 9:20 PM
TA_trader another OPR cut coming soon. =)
24/08/2020 11:40 AM
raymondlct126 Haha.... like that we better KIV and looking for another counter lol
27/08/2020 7:21 PM
lomas Got any dividend this year?
27/08/2020 8:01 PM
stockraider Very good qtr result alliance bank loh...!!
27/08/2020 10:34 PM
Jonathan Keung Against market consensus. Profit higher but still withhold shareholders dividend
28/08/2020 8:22 AM
Sailangking collext keep for long term
06/09/2020 9:43 PM
TA_trader 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.
11/09/2020 9:03 PM
neonstrife KIV list
18/09/2020 4:32 PM
Plantermen Coming qtr result ending 30 sep anticipated to be better than 1st Qtr which bear the brunt of the MCO covid pandemic lockdown
21/09/2020 12:51 PM
NavinShah Any dividend to shareholders or directors enjoy life.
21/09/2020 2:01 PM
Plantermen No dividends { hold back} for minorities × but directors still enjoying their food, clavier and other perks
21/09/2020 4:25 PM
Hafid https://www.theedgemarkets.com/article/nine-banks-malaysia-led-public-bank-and-ambank-linked-23-suspicious-transactions
22/09/2020 1:05 AM
Alfonso Beware, one employee from alliance bank got infected with covid19!
01/10/2020 3:11 PM
Jonathan Keung Which branch?
01/10/2020 3:13 PM
Alfonso never mention, but just back from sabah
01/10/2020 3:17 PM
zhen wei & JP Time to move on.

Zhenwei
12/10/2020 8:07 PM
Alfonso Such a great potential bank with no discussion?
15/10/2020 1:45 PM
NavinShah Anything happening at ABMB? Any takeover or merger with RHB BANK???? Sure must be something happening...........
21/10/2020 2:59 PM
kokchengkai Sumthing positive going to happen
21/10/2020 5:19 PM
liegelord luckily didnt buy...
22/10/2020 4:02 PM
kl_guy one day show . yesterday up today down . back to square 1.
22/10/2020 5:52 PM
NavinShah Today, up again. This is a bank. Long term maybe good to invest.
23/10/2020 9:41 AM
Sailangking good fundamental. what to worry...
24/10/2020 9:07 AM
TA_trader buy more. dont try to convince others.
26/10/2020 12:54 PM
xing Alliance Bank Malaysia Bhd has successfully issued RM1.2 billion Basel III-compliant Tier 2 Subordinated Medium Term Notes (Sub-MTNs) under its existing RM2 billion Sub-MTN programme.
28/10/2020 11:37 AM
xing the bank said the Sub-MTNs had been issued in three tranches with maturity tenure of between 10 and 15 years.
28/10/2020 11:37 AM
xing Alliance Bank has the option to redeem the Sub-MTNs five years before the stated maturities,” it said, adding that it has RM1.2 billion existing Sub-MTNs, namely tranches of RM900 million and RM300 million, callable on Oct 27 and Dec 18 this year respectively.
During the book-building exercise, only RM900 million Sub-MTNs were offered initially to investors to replace the Sub-MTNs that were callable this month.
Due to overwhelming demand from investors with more than two times book cover, the bank decided to upsize the offerings, bringing the total issue to RM1.2 billion in a single tap.
The auction closed with the Sub-MTNs priced competitively between 3.60% per annum and 4.05% per annum
28/10/2020 11:38 AM
xing Alliance Bank group chief executive officer (CEO) Joel Kornreich said the success of this transaction reflects investors’ confidence in the bank’s financial strength and long-term prospects.
We are pleased that they recognise the bank’s efforts in helping our customers weather the current pandemic while keeping the bank safe.Meanwhile, Alliance Investment Bank CEO Michael Ng said the transaction demonstrated the resilience of the Malaysian debt capital market, which remains a viable option for companies to diversify funding sources. While investors remain selective, there is currently ample liquidity available and investors are looking for bonds or sukuk with strong credit ratings to stabilise portfolio returns,
28/10/2020 11:39 AM
Alfonso Do not play play with this hidden gem.
29/10/2020 2:04 PM

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