ePaperEventsR.AGEmStarMajoritiStarPropertyStarCherishStarCarsifuStarSearchmyStarjobKualiKuntumSuriaFM988FM
KUALA LUMPUR: AmBank Islamic Bhd has granted up to RM180 million in financing facilities to Nextgreen Global Bhd's subsidiary, Ultimate Ivory Sdn Bhd, to fund land reclamation, infrastructure development and utilities for Nextgreen's Green Technology Park (GTP) in Pahang.
42 MALAYSIA, the country's first tuition-free computer science school under the auspices of Sunway Group, is joining hands with AmBank Group to make free tech education more accessible to all.
The termination of the proposed sale of AMMB Holdings Bhd’s (AmBank) Malaysian insurance businesses, which it jointly-owned with MetLife International Holdings LLC to Singapore insurer Great Eastern Holdings Ltd, will have a negligible impact on the former’s capital ratios.
AMMB Holdings Bhd (AmBank) has maintained a positive trajectory, buoyed by its robust financial performance and strategic initiatives aimed at navigating a challenging banking landscape.
KUALA LUMPUR: AmBank Economic Research is forecasting the ringgit to appreciate further to around RM4.5 by the year-end against the US dollar due to a combination of factors, including the potential narrowing interest rate differentials between the currencies which is more beneficial to the local unit.
AMMB Holdings Bhd’s (AmBank) shares have rallied following a stellar financial performance, prompting several research houses to raise their target prices for the counter to reflect an optimistic outlook for the bank.
KUALA LUMPUR: AmBank Group anticipates the third quarter (Q3) 2022 Gross Domestic Product (GDP) numbers to be at 12.2 per cent, better than the Q2 2022 growth of 8.9 per cent.
KUALA LUMPURL TA Research has raised the target price of AmBank group to RM3.70 from RM3.40. and reiterated its Buy call.
KUALA LUMPUR: Malaysia's inflation will continue to remain modest for the rest of 2023 and in the early part of 2024 due to slower pressure from the demand-pull inflation and the impact from the interest rates normalisation, said AmBank Research.
PETALING JAYA: Analysts remain largely sanguine in their outlook for the banking industry, supported by stable dividend yields, limited downside risk to sector earnings and a conducive operating environment in 2025, among other factors.
The fourth-quarter 2024 (4Q24) results season is expected to be bogged down by market-wide deposits competition, as banks shore up liquidity for next year, according to Kenanga Research.
PETALING JAYA: Although Malaysia is on the radar of foreign investors, challenges persist in further boosting foreign direct investment (FDI) into the country.
PETALING JAYA: Analysts expect AMMB Holdings Bhd (AmBank) to meet its 7% loan growth target for financial year 2023 (FY23), on the back of better economic performance.
KUALA LUMPUR: AMMB Holdings Bhd (AmBank) is expected to post improved earnings on a consistent basis, benefiting from loan book repricing in the coming months.
Banking industry leaders react to the proposals tabled in Budget 2025
Analysts are mixed on CIMB Group Holdings Bhd’s outlook despite its 92.5 per cent-owned Indonesian banking unit, PT Bank CIMB Niaga Tbk (Niaga) reported a robust financial results in the first quarter ended March 31,2021 (Q1 FY21).
PETALING JAYA: The close to RM3bil global settlement with the Malaysian government is expected to see AMMB Holdings Bhd (AmBank) slipping into the red for the current financial year ending March 31 (FY21), but analysts note that the banking group has continued to demonstrate resilience in its underlying business.
KUALA LUMPUR: Malaysia needs more extensive efforts to fight COVID-19’s Delta variant to boost its economy and trade, according to AmBank Research.
PETALING JAYA: Spritzer Bhd’s operating outlook is expected to be supported by strong demand and market expansion.
