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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 [...]
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 [...]
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 [...]
I would normally agree with you but comeon, we are talking about...