Highlights
KLSE: AMBANK (1015)       AMMB HOLDINGS BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
3.02   -0.01 (0.33%)  2.99 - 3.10  10,421,400
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Overview

Market Cap: 10,009 Million
NOSH: 3,314 Million
Avg Volume (4 weeks):6,735,428
4 Weeks Range:2.93 - 3.18
4 Weeks Price Volatility (%):
36.00%
52 Weeks Range:2.63 - 3.79
52 Weeks Price Volatility (%):
33.62%
Average Price Target: 3.17
Price Target Upside/Downside: +0.15

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#3]  |  01-Mar-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  29-Jun-2021
T4Q P/E | EY: 8.99  |  11.13%
T4Q DY | Payout %: 2.19%  |  19.71%
T4Q NAPS | P/NAPS: 5.9025  |  0.51
T4Q NP Margin | ROE: 14.14%  |  5.69%

Headlines

Date Subject
12-Apr-2021 The issue revolving around AMMB’s private placement By Devanesan Evanson
08-Apr-2021 AMMB Holdings Berhad - Clean Slate
08-Apr-2021 PublicInvest Research Headlines - 8 Apr 2021
06-Apr-2021 Mplus Market Pulse - 6 Apr 2021
06-Apr-2021 PublicInvest Research Headlines - 6 Apr 2021
05-Apr-2021 AMMB Holdings - Que Sera Sera
03-Apr-2021 【行家论股/视频】大马银行 私配稀释股东价值
02-Apr-2021 配股筹资.商誉减记 大马银行今年恐亏损40亿
02-Apr-2021 AMMB Holdings - Potential Impairment & Private Placement
02-Apr-2021 AMMB Holdings - Calling for Cash
02-Apr-2021 Mplus Market Pulse - 2 Apr 2021
02-Apr-2021 AMMB Holdings Berhad - Strengthening Capital
02-Apr-2021 PublicInvest Research Headlines - 2 Apr 2021
02-Apr-2021 AMMB Holdings - A Surprise Private Placement, or Not a Surprise Afterall?
01-Apr-2021 Banking - Chugging Along
01-Apr-2021 MQ Research: BNM projects higher GDP; CIMB and RHB remain top picks
31-Mar-2021 Moody’s Ambank outlook goes negative after 1MDB settlement but A3 rating stays on prospect of ‘government support’
18-Mar-2021 Edge Weekly Cover Story: AMMB: What’s next after RM2.8 billion settlement?
18-Mar-2021 No comment, says Securities Commission of last Dec’s alleged share selloff by senior Ambank officials
17-Mar-2021 高ESG评分的银行股跑赢大市

Business Background

AMMB Holdings Bhd is a provider of banking and financial services in Malaysia through its subsidiaries: AmBank and AmBank Islamic. The bank’s largest segments, which contribute the vast majority of revenue, are retail banking, wholesale banking, insurance, and group funding. The retail banking segment provides individuals and small businesses with services such as credit, auto financing, mortgages, credit cards, capital financing, personal loans, deposits, current accounts, and savings accounts. The wholesale banking business engages with corporate finance and advisory services, restructuring, security issuance, futures market services, stockbroking, and derivatives services. The insurance division offers life and general insurance products via its partnership with MetLife International.
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  8 people like this.
 
Stockisnotfun So fast sapu finish all the panic.
07/04/2021 4:14 PM
Godofgambler Tp4.50
07/04/2021 6:35 PM
Godofgambler Maehai...
If the research house is so accurate then
there is no beggars in this world.
Normally they rated low because they want to
sapu the shares for themselves.
07/04/2021 7:03 PM
yingzhe17 Can’t wait for more bad news.
Insider also no confident and keep selling.
07/04/2021 7:55 PM
Godofgambler Maehai Maehai...
See Ambank how much they profited..
You think they can't pull through?
Please don't listen to those negative stupix comments
07/04/2021 9:06 PM
MF0001 SIPEK BORING ORH

GO EVERYWHERE

SEEMS LIKE PEOPLE FEAR ME

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

BE GOOD GUY PEOPLE THOUGHT I BAD GUY

BAD GUY PEOPLE THOUGHT I GOOD GUY

AMBANK

HOW MUCH U SAY?

3.30?

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
07/04/2021 9:10 PM
apolloang cos you look like elephant man or hunchback of kl? hahaha
07/04/2021 9:12 PM
Godofgambler Maehai going to fly
08/04/2021 6:24 PM
villiian ambank look problem scandal 1mdb
09/04/2021 10:54 AM
gcke @villlian in most developed equity markets round the globe such bad news coming out from a bank will cause the share price to drop unrelentingly. Investors will ensure that the BOD faces the furious wraths of the investing community without fail! Such serious infractions by the bank is unwarranted and unacceptable. Expects the price to further drop to 2.70 in the next few months.
09/04/2021 12:33 PM
MorningGlory123 you think Datuk Seri Nazir Razak's private equity fund interested to increase AMMB shareholding?
09/04/2021 2:44 PM
robert88888 I think Ambank should be the highest now, Bad news and It's hard to be up again....I better swap to others counter...
09/04/2021 3:48 PM
Stockisnotfun Increase ammb shareholding? Already say confirmed Nazir razak already in the PP provided by Ambank.
09/04/2021 3:48 PM
fortunefire wait till pp kicks start then it will drop
09/04/2021 5:36 PM
Cojack31 nex Week will fly above 320... If want to drop ..already drop . ..price up above rm 3 consider is good
10/04/2021 9:42 PM
Cojack31 Another 3 or 4 month above 3.50
10/04/2021 9:42 PM
Cojack31 Can check chart.FA TA lor
10/04/2021 9:42 PM
AllanTingAS Logically, i will follow fortunefire because PP will be 2.75 and they need to pay Government 2.8 Billion!
11/04/2021 8:27 PM
melanie1818181818 LOL!!! W..T..F!!!! MAEHAI!!!!!
Talking about being logical in stock market????
LOL!!! Really laugh die me!!!!!

AllanTingAS Logically, i will follow fortunefire because PP will be 2.75 and they need to pay Government 2.8 Billion!
12/04/2021 1:19 AM
Godofgambler Tp4.00 coming..
Believe it
12/04/2021 1:23 AM
Godofgambler Tp4.5 coming.. I up my TP for today
12/04/2021 6:01 PM
Brucehwang I hope so and no price drop anymore..
12/04/2021 6:54 PM
speakup https://www.theedgemarkets.com/article/newsbreak-nazir-razaks-ikhlas-affin-hwang-am-approached-ammb-private-placement
12/04/2021 8:59 PM
Stockisnotfun I just care whether we will get dividend or not still after the private placement.
12/04/2021 10:17 PM
gcke @Stockisnotsofun the odd of you as one of the investors is on the very low end.That after the bank was just hit with the global settlement with Ministry of Finance (MOF) amounting to RM 2.83 billions.Such monumental sum is equivalent to close to TWO years profits. Also the present Return of Equity(ROE) = 5.88 is lower than the Cost of Equity(COE)=10.34% for AMMB as compare to the other banks in the country.On the contrary, the BOD and top management should suffered from 50 % & 20% remuneration and incentives cut respectively for such gross infractions which for a banking institution should not ever happened at all.High probity,integrity and governance should underpin any bank for that matter.
13/04/2021 5:40 PM
AllanTingAS Let wait for next QR. Then only to make action.
13/04/2021 8:16 PM
Andy88 Good news coming!!
13/04/2021 10:15 PM
Godofgambler Good news coming!!!!
14/04/2021 6:20 PM
Brucehwang What good news?
14/04/2021 8:12 PM
yingzhe17 Good news ! Ambank going to sell more shares as pp next quarter. Buy back share at 3.00 for esos to rewards Ceo
14/04/2021 9:04 PM
fortunefire we shall see.... the main reason for doing pp is bcos they dun have enuf funds to settle 2.8bil
15/04/2021 11:28 AM
Godofgambler I think main reason is not for us to think.
Ambank is a big instituttion.
They know what to do with the fund.
It can be any form of investment.
15/04/2021 1:51 PM
Stockisnotfun Aiyo don't need to state the obvious when the news is already there. They already say two objective on the PP. Partial fund will use to settle the fine and some are use to increase the capital fund.
15/04/2021 2:45 PM
Brucehwang Zig zag price everyday...
15/04/2021 7:43 PM
shearer202 Really surprised that a bank can facing financial issue , baggard money everywhere to cover big hole , really shame for the management ! Will it going to bankrupt ? Share price rm 3 ! Is it value to invest ?
17/04/2021 10:40 AM
Goldberg The issue revolving around AMMB’s private placement By Devanesan Evanson
---------------------------------------------------------------------------

FOLLOWING its April 1 announcement to call for a proposed private placement exercise – which was a surprise for the market, AMMB Holdings Bhd (AMMB) again reached out to the Minority Shareholders Watch Group (MSWG) to address our concerns and queries. MSWG met AMMB at 4.30pm on April 2 – the day after the announcement.

(AMMB had earlier reached out to MSWG to address concerns regarding the RM2.83 bil settlement related to 1Malaysia Development Bhd [1MDB]).

On the same day, along with the announcement on the placement, the banking group also announced that it is undertaking an assessment of goodwill to ascertain the value of impairment that will be reflected in its financial results for the fourth quarter ended March 31.

AMMB also met other shareholder and stakeholder groups to address concerns on the placement exercise and the assessment of goodwill.

Why not a rights issue?

Earlier, on the morning of the announcement (April 1), the Minority Shareholders Watch Group (MSWG) commented that a placement exercise will affect the interest of minority shareholders in terms of shareholding dilution and will deprive minority shareholders from enjoying future upside in the share price, in view that the RM2.70 illustrative placement price was at a discount of 9.77% compared to the five-day volume weighted average price.

It has now been determined that the placement price will be RM2.75 – and the closing price of the share at the time of writing (April 8) was RM3.15.

The market was given to understand that the bank remained resilient and unstressed after accounting for the effects of the RM2.83 bil settlement. Thus, the placement exercise came as a surprise to the market.

AMMB’s justification for the placement

AMMB explained that the implementation of the private placement was to further strengthen AmBank Group’s capital base by accelerating the build-up of its Core Equity Tier 1 capital.

During our meeting with AMMB, AMMB’s management stressed that a rights issue carries substantial downside risks.

Firstly, its two major shareholders would be unable to take up their respective rights allocation due to shareholding caps imposed by the regulators.

It was also highlighted that apart from the two major shareholders, another shareholder holding a substantial block also indicated that they will not be able to participate in the rights issue as they have fully invested.

Secondly, a placement can raise funds expeditiously and is less costly compared to a rights issue,

Thirdly, with the risk of such major undersubscription, the underwriters of the rights issue would have demanded higher fees to compensate for their underwriting risks and this would drive rights issue costs higher.

Fourthly, AMMB will be diligent in the selecting of placees in that they will try to identify placees who will be able to value-add to the banking group.

Fifthly, a placement would bring in the funds sooner than a rights issue. Thus, the timely replenishment of capital may also lead to earlier rating upgrade of AmBank Group’s rating by rating agencies.

(Last month, RAM Rating Services Bhd downgraded the credit ratings of AmBank Group and its subsidiaries to AA3 from AA2, due to the RM2.83 bil global settlement related to 1MDB).

Based on the reasons given in support of a placement in lieu of a rights issue, MSWG can understand the rationale for the placement.

It is unfortunate that this rationale was not available in the announcement made by AMMB through Bursa Malaysia and/or the press release.

It would have pre-empted the question ‘why a placement and not a rights issue’ and AMMB could have avoided the need to reach out to the various shareholder and stakeholder groups individually to explain their rationale for the placement. – April 12, 2021



Devanesan Evanson is the CEO of the Minority Shareholders Watch Group (MSWG).
17/04/2021 10:50 AM
yingzhe17 Slowly drop to 2.75
17/04/2021 4:46 PM
speakup when they give u rights issue, u complain why got rights issue.
when they dont give u rights issue, u complain why no rights issue.

that is human behaviour
17/04/2021 10:36 PM
Ken8888 Nx week ambank fly to moon
18/04/2021 2:42 AM
chkhooju Jangan bagi syok sendiri. You will be very disappointed. And, will cry like a baby.
18/04/2021 8:10 AM
williamtkb Those people got rm2.75 are selling above rm3? When can reach Rm2?
18/04/2021 8:22 AM
AllanTingAS You can buy <RM3.00 once next QR announced cause their PNL will be bad. Additionally their PP was RM2.75
18/04/2021 9:00 PM
fortunefire Citi is leaving. A warning sign to the retail banking?
19/04/2021 10:46 AM
yingzhe17 All banks red, except ambank
19/04/2021 1:59 PM
Brucehwang What happened at last minute?
19/04/2021 5:03 PM
yingzhe17 Last minute big funds cash out after pump.
19/04/2021 6:07 PM
Flybythenite Bank also can kena pump n dump? I tot only penny stocks kena...
19/04/2021 6:08 PM
Flybythenite Moratorium extended is it?
19/04/2021 6:08 PM
Flybythenite This bank involved in 1mdb scandal, how their bad debt level?
19/04/2021 6:10 PM
Stockisnotfun Most likely epf is disposing at last minute
19/04/2021 9:34 PM


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