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Alliance Bank Malaysia Bhd bounced back above the 14-day simple moving average (SMA) yesterday after slipping under the day before as the broader market soured.
Alliance Bank Malaysia Bhd (ABMB) is expected to post a 37.3% year-on-year jump in its net profit for the fourth quarter ended March 31, 2024 (4Q24) to RM179mil, bringing its full FY24 earnings to a marginal 2% increase to RM691mil.
Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.
With only one major completion — the Merdeka 118 tower — and currently low supply, the Kuala Lumpur and Selangor office market is expected to face supply pressure, according to Knight Frank Malaysia executive director (office strategy and solution) Teh Young Khean when presenting The Edge Mal...
KUALA LUMPUR: Loan growth expanded by 5.8 per cent compared to the same period last year in February 2024, showing resilience despite softer loan indicators, said CIMB Securities Sdn Bhd.This marks a slight increase from January's 5.7 per cent year-on-year (YoY) ...
PETALING JAYA: Market tailwinds within the banking sector, including persistent loan growth and gross domestic product (GDP) expansion, alongside better margin retention, will likely continue to outbalance industry headwinds.
A number of local banking counters continue to attract investor interest past their recent ex-dividend dates as investors remain optimistic of continued strong dividend payouts on the back of robust earnings resilience.
THE total net earnings of the FBM KLCI’s 30 component stocks for the October to December 2023 period amounted to RM17.7 billion, 27.2% lower than the RM24.4 billion in the last quarter of 2022.
The earnings were mainly dragged down by Axiata Group Bhd, which slipped into the red with a ...
KUALA LUMPUR: A potential spike in bad loans is unlikely to hurt the asset quality of the banking system.Year-on-year (YoY) the banking sector posted weak total income of -2 per cent and higher allowances for loan loss, up 11 per ...
KUALA LUMPUR: RHB research is maintaining a neutral call on the banking sector amid moderating earnings growth prospects.The sector's profits slipped recently, which was somewhat expected, according to the research.Despite this, RHB found that there is still ...
Some banks are expecting net interest margins (NIMs) to face some pressure as deposit rates may take time to normalise and asset yields catch up this year.
KUALA LUMPUR (March 4): January’s 5.7% loan growth in the banking system has beat expectations but analysts have held mixed reactions on the outlook for the banking sector.
PETALING JAYA: Despite the tough operating environment and ongoing geopolitical risks, the local banking sector is poised to see an encouraging loan growth of between 4% and 5.8% this year, owing to a strong job market and recovery in global trade.
KUALA LUMPUR: Alliance Bank Malaysia Bhd has approved RM200 million in loans to small and medium enterprises (SMEs) for green projects in the financial year 2023 (FY2023) and aims to double the figure this year.