Posted by speakup > Mar 6, 2024 6:44 PM | Report Abuse

Often what funds will do is sell their current holdings on open market and then buy the shares offered for sale

Posted by metaverse > Mar 6, 2024 9:23 PM | Report Abuse

Today's low 3.95 should be near basement level as 3.85 is considered as the wholesale price with wholesale discount of RM0.10. Just a wild guess the new buyer could be linked to Japanese Bank as their stock market is doing extremely well recently.

Posted by speakup > Mar 6, 2024 9:28 PM | Report Abuse

If ANZ willing to sell their Ambank stake at 3.85 means they see Malaysian banking sektor as fully valued already.

Posted by Lester Teow > Mar 7, 2024 8:27 AM | Report Abuse

Bulk sales must come with discount, not based on market price

Posted by metaverse > Mar 7, 2024 8:41 AM | Report Abuse

This is twin story of Affin Bank. When the identity of the buyer is announced the market mood will swing to positive territory and the headline news will read like some international institutional investors are bullish on Malaysia's banking sector which is similar to the story of Abang Jo's entry to Affin Bank. The reason ANZ is cashing out from Ambank may be related to equity accounting and forex translation loss and most of the liability related to 1MBD's already cleared so again just like Affin Bank, the new major shareholder will hit the RESET BUTTON and push the bank forwards. Ambank's NTA is around RM5.9 so the new buyers just like Abang Jo will be laughing to the bank.

Posted by metaverse > Mar 7, 2024 8:53 AM | Report Abuse

Beside Japan Inc, another possibility is Dubai Corp as the name of Ambank already hinted it is Arab Malaysian Bank. Highly unlikely Temasek as recently there were hit badly by the FTX crypto drama. Brunei King is another possibility but Your Highness is more interested in business ventures linked to Singapore so this possibility also ruled out.

Posted by t_nike2002 > Mar 7, 2024 9:06 AM | Report Abuse

Share price likely going to tank to around 3.80 or below….
That’s the indicating price of the sale transaction

Posted by t_nike2002 > Mar 7, 2024 10:30 AM | Report Abuse

They r using research report to prop up the price but I don’t think investors are so gullible.

Posted by smartly > Mar 7, 2024 10:50 AM | Report Abuse

epf smarter loh. epf will choose to sell in the open market to reap higher price, rather than selling cheap.

Posted by pang72 > Mar 7, 2024 11:34 PM | Report Abuse

Let's wait for the new buyer entity be announced.
It shld be positive move after announcement for banking stocks...
Only big fund has the capacity to swallow the amount of stakes..
So, big fund means big name means new investor interested to invest in Malaysia banking. Good news

Posted by TheContrarian > Mar 8, 2024 12:53 AM | Report Abuse

Industry sources told StarBiz the demand for sale of AmBank’s shares have been overwhelming as the upsize portion of the shares (7.5%) have been fully sold in view of the quality of the bank and its good potential going forward.


“Around 80% to 85% of the buyers are Malaysian “long only funds” like institutions like pension funds, insurance companies etc. The remaining are primarily Asian funds, followed by funds from Europe and the United States,” the source added.

Posted by rohank71 > Mar 8, 2024 1:18 AM | Report Abuse

the buyers of Ambank shares are institutional.. any who buy more than 5% will require BNM approval and this process can't be done via a book building exercise/placement. so don't expect any new substantial shareholder. as what Contarian said its all public institutions.

Posted by troy88 > Mar 8, 2024 9:47 AM | Report Abuse

Still a good banking stock. After all the big dumping should rise again.

Posted by smartly > Mar 8, 2024 10:32 AM | Report Abuse

what a waste by selling cheap...LOL!

Posted by smartly > Mar 8, 2024 10:34 AM | Report Abuse

price will back to 4.20 at least

Posted by pang72 > Mar 8, 2024 10:39 AM | Report Abuse

Now, panic buy?

Posted by smartngo > Mar 8, 2024 11:47 AM | Report Abuse

u should also ask who is selling at that high volume ?

Posted by Germaice > Mar 8, 2024 12:38 PM | Report Abuse

ANZ SELL

Posted by Germaice > Mar 8, 2024 12:38 PM | Report Abuse

Who buy ? SARAWAK STATE GOVT FUND

Posted by troy88 > Mar 8, 2024 4:33 PM | Report Abuse

Good comeback

Posted by pang72 > Mar 8, 2024 4:40 PM | Report Abuse

So, rumours is rumours that does not exist!!

Posted by pang72 > Mar 8, 2024 4:41 PM | Report Abuse

The panic selling turns panic buying to recover the mistake...

Posted by metaverse > Mar 8, 2024 9:24 PM | Report Abuse

Not sure what's deal but if the block is placed to local fund managers it will create a lot of overhang shares as local fund managers normally quick to take profit and also unlikely this block of shares has lockup period. Hong Long IB said the share overhang will take at least six months for the market to digest with target price RM4.20

Posted by speakup > Mar 9, 2024 4:02 PM | Report Abuse

Just mention Sarawak enough to push Ambank up 4.56%. LOL!

Posted by troy88 > Mar 11, 2024 10:21 AM | Report Abuse

Come drop below RM4 again for me to makan more..

Posted by Pinky > Mar 11, 2024 10:27 AM | Report Abuse

Siapa jual minggu lepas, memang bodo

Posted by t_nike2002 > Mar 11, 2024 3:06 PM | Report Abuse

Time to collect!!
Fundamentally Solid bank!
9 BUY calls !
EPF collecting!
Good dividend yields!
Buy buy buy

Posted by t_nike2002 > Mar 11, 2024 3:07 PM | Report Abuse

Upside of at least 10%…!

Posted by Ytl2023 > Mar 11, 2024 10:28 PM | Report Abuse

Made a few k from ambank rm2.70 covid time. Wasn't it more like rm2.80. Sudah lupa

Posted by speakup > Mar 12, 2024 8:31 AM | Report Abuse

Balian u are right.
I will delete my post

Posted by zzzzz > Mar 12, 2024 9:49 AM | Report Abuse

stable at RM4.00... no show..lol

Posted by zzzzz > Mar 12, 2024 10:36 AM | Report Abuse

CTOS's show today..... LOL

Posted by zzzzz > Mar 12, 2024 4:05 PM | Report Abuse

CIMB runs faster

Posted by speakup > Mar 12, 2024 4:34 PM | Report Abuse

Already say many times before, Cimb & Tenaga are used by someone to manipulate the CI to look good when red counters > green counters

Posted by speakup > Mar 12, 2024 4:38 PM | Report Abuse

Epf, Khazanah, Pnb all under instructions from PMX to make our CI look good for foreigners

Posted by zzzzz > Mar 13, 2024 10:47 AM | Report Abuse

Red again,,Ambank,,,,follow her coporate color

Posted by zzzzz > Mar 13, 2024 2:46 PM | Report Abuse

below RM4.00 again..so difficult to stand firm above RM4,00

Posted by Pinky > Mar 13, 2024 3:44 PM | Report Abuse

Accumulate la

Posted by Keqing Tan > Mar 14, 2024 9:56 AM | Report Abuse

immediate share buys back who is the shareholders?

Posted by MrYong > Mar 14, 2024 4:53 PM | Report Abuse

cheap buy more

Posted by zzzzz > Mar 15, 2024 11:51 AM | Report Abuse

GO GO Go break RM4.20 today... lowest PE among all banks...

Posted by troy88 > Mar 19, 2024 9:26 AM | Report Abuse

Undervalued and oversold. EPF and Ambank buying back shares like crazy!

Posted by troy88 > Apr 2, 2024 6:32 PM | Report Abuse

No more cheap sale below RM4 ? Haha

Posted by skybursa > Apr 2, 2024 6:37 PM | Report Abuse

I bought at 4 and 4.02 range

Posted by speakup > Apr 2, 2024 9:32 PM | Report Abuse

smart move!

Posted by curiousq > Apr 2, 2024 10:14 PM | Report Abuse

started 2 weeks ago lah .... go to check before simply burst out something nonsense