Company Overview and News

 
Are Apex shareholders getting a good deal?

2018-09-23 thestar.com.my
The proposed merger comes a year after the entry of an entity called ACE Investment Bank into Apex. The entity emerged with a 23% stake in Apex at about the time when a similar sized block was traded off market by the late Chan Guan Seng(pic), Apex’s former executive chairman and parties close to him. The share price of Apex then was around RM2 a piece.
4898 1155 1023 1015 MLYBY MLYNF 5088 AMMHF CIMDF

 
Lower net profit growth seen for banks in 2018

2018-09-19 theedgemarkets
Banking sector Maintain neutral: The negative surprise in banks’ financial results for second quarter of 2018 (2Q18) was the 1.5% year-on-year (y-o-y) drop in operating revenues. At the top line, net interest incomes slid by 3.1% y-o-y in 2Q18 under the pressure of margin contraction arising from stiff competition for deposits. Also, non-interest incomes fell by 9.2% y-o-y in 2Q18, owing to lower investment incomes and weak expansion in fee incomes.
1015 PBLOF AMMHF 1295

 
Malaysian banks’ 2018 net profit growth cut

2018-09-18 thestar.com.my
“Malaysian banks’ second-quarter net profit was below our expectations as two banks, namely, Public Bank Bhd and Affin Bank Bhd, missed our forecasts, compared with only one bank (AMMB Holdings Bhd) that outperformed our expectations. “The deviation from our forecast came mainly from lower-than-expected topline growth and the unexpected surge in Affin’s LLP.” While loan growth improved in 2Q18, CGSCIMB is projecting a slowdown in 4Q18.
1015 PBLOF AMMHF 1295

 
Aabar’s RHB poser

2018-09-05 theedgemarkets
AABAR Investments PJS’ move to place out 120.3 million of its shares in RHB Bank Bhd two weeks ago — the equivalent of about a 3% stake — was likely to test the market’s appetite for potentially more paring down of its holding in the future, according to sources.
RHBAF 1015 AMMHF 1066

 
Banks’ 2Q results within expectations

2018-09-03 theedgemarkets
KUALA LUMPUR: Malaysian banks reported earnings that were largely in line with analysts’ expectations for the April to June quarter (2Q) and are cautiously optimistic that loan growth, subdued so far, will pick up later in the year.
1155 1023 1015 5258 PBLOF MLYBY MLYNF 5819 AMMHF 1295 CIMDF

 
Financially distressed firms to be on MSWG's radar

2018-08-27 theedgemarkets
KUALA LUMPUR (Aug 27): The Minority Shareholder Watch Group (MSWG) will include financially distressed companies and China-based companies listed on Bursa Malaysia on its radar by June next year, from 300 listed firms currently.
MLYNF 7113 8621 TPGVF AMMHF 1023 5347 TNABY SMEBF AXXTF MYTEF PNAGF 5183 MLYBY PECGF 4197 6399 5681 6033 CIMDF TGLVY 1155 PNADF 4588 1015 4863 6888 TNABF BSMAF 1818

 
Economist: Govt to review several subsidy systems next year

2018-08-26 malaymail
KUALA LUMPUR, Aug 26 ― The government is expected to review several subsidy systems by next year, says Maybank Investment Bank Bhd (Maybank IB) Group Chief Economist Suhaimi Ilias.
0166 7293 1015 AMMHF 1163 GEBHF

 
Stock With Momentum: AMMB Holdings

2018-08-24 theedgemarkets
AMMB Holdings Bhd (+ve) TRADING of shares in AMMB Holdings Bhd (fundamental: 1/3, valuation: 2.25/3), triggered our proprietary momentum algorithm yesterday for the first time this year. The stock closed 15 sen or 3.8% higher at RM4.15, with a market capitalisation of RM12.51 billion.
1015 AMMHF

 
AmBank up after group reported 1Q net profit rise

2018-08-23 theedgemarkets
KUALA LUMPUR (Aug 23): AMMB Holdings Bhd (AmBank) shares rose as much as 11 sen or 2.8% to RM4.11 so far today after the financial services group reported on Tuesday that net profit increased to RM347.59 million in the first quarter ended June 30, 2018 (1QFY19) from RM328.27 million a year earlier.
1015 AMMHF

 
Trading ideas: Versatile, AMMB, Sunway, Paramount, Ranhill, MCT

2018-08-23 thestar.com.my
KUALA LUMPUR: Versatile Creative Bhd , AMMB Holdings Bhd , Sunway Bhd , Paramount Corp Bhd, Ranhill Holdings Bhd and MCT Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
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AMMB profit rises to RM348m

2018-08-22 thestar.com.my
PETALING JAYA: AMMB Holdings Bhd ’s net profit rose 5.9% to RM347.59mil in the first quarter ended June 30, 2018, from RM328.27mil in the corresponding period last year on higher net interest income (NII) and lower expenses.
1015 AMMHF

 
Sime Darby Plantation, PetChem, E&O, MCT, Taliworks, Ranhill, Versatile Creative, AMMB, Sunway and Paramount

2018-08-21 theedgemarkets
KUALA LUMPUR (Aug 20): Based on corporate announcements and news flow today, companies that will be in focus on Thursday (Aug 23) may include: Sime Darby Plantation Bhd, Petronas Chemicals Group Bhd, Eastern & Oriental Bhd, MCT Bhd, Taliworks Corp, Ranhill Holdings Bhd, Versatile Creative Bhd, AMMB Holdings Bhd, Sunway Bhd and Paramount Corp Bhd.
4995 1015 5183 PECGF AMMHF 5272

 
Malaysia stocks close higher ahead of holiday

2018-08-21 theedgemarkets
KUALA LUMPUR (Aug 21): Malaysia stocks closed marginally higher today, ahead of the Hari Raya Haji public holiday tomorrow (Aug 22).
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AmBank Group starts new fiscal year on positive note

2018-08-21 theedgemarkets
KUALA LUMPUR (Aug 21): AMMB Holdings Bhd's (AmBank Group) net profit rose 5.9% to RM347.59 million in the first financial quarter ended June 30, 2018 (1QFY19) from RM328.27 million a year ago, supported by higher net interest income (NII).
1015 AMMHF

 
Aabar offers to sell RHB shares at steep discount to entry cost

2018-08-15 theedgemarkets
KUALA LUMPUR: RHB Bank Bhd’s second largest shareholder Aabar Investments PJS is reducing its 17.75% equity stake in the banking group at a significant discount to its entry cost.
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