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  Goldgent Best buy 3.85~3.90. ANZ to sell 16.5% AmBank via a block trade at a price of RM3.85 per share. 06/03/2024 4:35 PM  speakup Often what funds will do is sell their current holdings on open market and then buy the shares offered for sale 06/03/2024 6:44 PM  metaverse 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. 06/03/2024 9:23 PM speakup If ANZ willing to sell their Ambank stake at 3.85 means they see Malaysian banking sektor as fully valued already. 06/03/2024 9:28 PM metaverse 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. 07/03/2024 8:41 AM metaverse 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. 07/03/2024 8:53 AM t_nike2002 Share price likely going to tank to around 3.80 or below…. That’s the indicating price of the sale transaction 07/03/2024 9:06 AM t_nike2002 They r using research report to prop up the price but I don’t think investors are so gullible. 07/03/2024 10:30 AM smartly epf smarter loh. epf will choose to sell in the open market to reap higher price, rather than selling cheap. 07/03/2024 10:50 AM pang72 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 07/03/2024 11:34 PM TheContrarian 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. 08/03/2024 12:53 AM rohank71 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. 08/03/2024 1:18 AM metaverse 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 08/03/2024 9:24 PM t_nike2002 Time to collect!! Fundamentally Solid bank! 9 BUY calls ! EPF collecting! Good dividend yields! Buy buy buy 11/03/2024 3:06 PM Ytl2023 Made a few k from ambank rm2.70 covid time. Wasn't it more like rm2.80. Sudah lupa 11/03/2024 10:28 PM speakup Already say many times before, Cimb & Tenaga are used by someone to manipulate the CI to look good when red counters > green counters 12/03/2024 4:34 PM speakup Epf, Khazanah, Pnb all under instructions from PMX to make our CI look good for foreigners 12/03/2024 4:38 PM curiousq started 2 weeks ago lah .... go to check before simply burst out something nonsense 02/04/2024 10:14 PM  | |
