PETALING JAYA: Alliance Bank (M) Bhd has had its earnings and dividends per share cut by analysts following fresh concerns of asset deterioration and high loan loss provisioning.
In a note, CGS-CIMB said during a recent conference call, Alliance guided for a modification loss from hire purchase loans that would amount to about RM60mil.
“It also expects RM35mil of this to be unwound in FY2021, leading to a net modification loss of circa RM25mil, which would be booked in FY2021, ” it told clients.
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