How to Tell Bad News and Make your Share Price Go Up… maybe this is a better title for this article.
I am talking about the 13-Feb Profit Announcement by AMMB Holdings Berhad, Malaysia’s fifth largest banking group by total assets.
In that Announcement, it was obvious that the bank is increasingly negative about the Malaysia economy and [...]
Last week since 13/11/08 we saw a kick off in the quarterly reporting season for Malaysia’s banking majors:
AMMB Holdings (AMMB)
Hong Leong Bank (HLBANK)
Malayan Banking (MAYBANK)
Bumiputra-Commerce (COMMERZ)
Overall AMMB and HLBANK threw in pretty good results, while MAYBANK and COMMERZ not so good. After digesting some of the Press Releases and Analyst Reports, I’m summarizing my take [...]
Last week the Association of Banks in Malaysia (ABM) said that the country was not experiencing any credit crunch. The banking sector remains strong and well-capitalized in the face of global financial turmoil -commercial banks are not putting any brakes in lending and it is “business as usual”.
As at the end-August 2008, the industry’s loan to [...]
| Name | Last trade | Change |
|---|---|---|
| Bursa | 1,299.67 |  11.53 (0.89%) |
| AORD | 4,799.40 |  0.000 (0.00%) |
| Dow Jones | 10,642.15 |  17.46 (0.16%) |
| FTSE | 5,593.85 | 31.80 (0.57%) |
| Japan | 10,751.98 | 0.00 (0.00%) |
