Latest news with #AMMBHoldingsBhd
The Star
4 days ago
- Business
- The Star
AMMB returns to the FBM KLCI, HLFG excluded
KUALA LUMPUR: AMMB Holdings Bhd will replace Hong Leong Financial Group Bhd on the FBM KLCI, following a semi-annual review of the index. AMMB, which was knocked out of the 30-stock index in June last year, has returned to the stock exchange's Top 25 stocks by market capitalisation as of May 26, 2025, according to a joint statement by FTSE Russell and Bursa Malaysia. The FBM KLCI's reserve list - the five largest non-constituents by market capitalsation - now comprises Genting Bhd , IOI Properties Group Bhd , KPJ Healthcare Bhd , United Plantations Bhd and Westports Holdings Bhd . Menawhile, four new companies were added to the FTSE Bursa Malaysia Mid 70 Index, namely Kerjaya Prospek Group Bhd , Sam Engineering & Equipment Bhd, Sunway Real Estate Investment Trust and Tropicana Corp Bhd . Sime Darby Property will replace Scientex Bhd on the FTSE Bursa Malaysia Hijrah Shariah Index. According to the statement, the changes to the indices will take effect on Monday, June 23. The next semi-annual review is scheduled for December 2025.
New Straits Times
27-05-2025
- Business
- New Straits Times
AMMB's FY25 results meet expectations with strong Q4 performance
KUALA LUMPUR: AMMB Holdings Bhd's financial year 2025 (FY25) results and dividends were within expectations as fourth quarter (Q4) FY24 earnings uplift came from expansion in net interest margin as well as loans and financing growth. AMMB posted a Q4 FY25 net profit of RM514 million, lifting the full-year sum to RM2 billion. RHB Research said AMMB's FY25 results were in line and marked a strong start to the group's Winning Together 5-year strategy. This formed 101 per cent and 102 per cent of the firm's and consensus' estimates, it said in a note. On dividends, the firm said AMMB declared a 19.9 sen final dividend per share (DPS), lifting the FY25 total to 30.2 sen, or a 50 per cent dividend payout ratio (DPR). "The FY25 DPS was a substantial 34 per cent year-on-year (YoY) increase and came in ahead of our initial 27 sen/45 per cent dividend payout ratio (DPR) forecasts. "Post dividends, the group's CET-1 ratio remains healthy at 14.8 per cent, a significant uplift from the 13.3 per cent recorded in FY24," it said. Meanwhile, RHB Research reported that AMMB considers its direct exposure to customers heavily reliant on U.S. trade as minimal, with no significant provision charges anticipated. According to the firm, the management believes that any secondary impact would likely appear through reduced customer activity and delayed capital expenditure decisions, although these effects have yet to materialise. "Management also remarked that its exposure to US-heavy trade clients is small, easing earlier concerns we had on the group. "However, our Neutral call is maintained, in line with our large-cap-focused, defensive-first sector strategy. "Our FY26 and FY27 forecasts are trimmed slightly by 2 per cent each, as we factor in less aggressive net interest margin (NIM) assumptions. Our target price is kept at RM5.70," it added.
The Star
27-05-2025
- Business
- The Star
AmBank posts higher RM2bil net profit for FY25
PETALING JAYA: AMMB Holdings Bhd (AmBank) has closed its first financial year since the rollout of its Winning Together (WT29) strategy, marked by growth in both interest and fee income. The financial group posted a net profit of RM513.93mil for the final quarter ended March 31, 2025 (4Q25), up from RM476.54mil in the year-ago quarter. Revenue rose to RM1.28bil from RM1.17bil in 4Q24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. The final-quarter result brought the full-year net profit to RM2bil and revenue to RM4.93bil, compared with RM1.87bil and RM4.65bil in financial year 2024 (FY24). The group declared a final dividend of 19.9 sen per share for shareholders on the Record of Depositors as of June 19, 2025, payable on July 8, 2025. This brought AmBank's total dividend payout for FY25 to 30.2 sen per share, up from 22.6 sen in FY24. Commenting on the group's improved performance, AmBank CEO Jamie Ling said its capital position remained solid, with total cash dividend rising to RM1bil. 'This reflects our confidence as we continue to build our businesses from a position of strength,' he said in a statement. In the year under review, AmBank reported a net interest income (NII) of RM3.57bil, marking an 8% year-on-year (y-o-y) increase. This was mainly owing to a 15-basis-point (bps) expansion in net interest margin to 1.94% as well as loans and financing growth of 3.5% y-o-y. Non-interest income grew 1.3% y-o-y to RM1.36bil due to higher fee income, which was partially offset by lower trading gains from group treasury and markets. The group's overall expenses in FY25 rose 7.1% y-o-y to RM2.2bil due to higher personnel and computerisation costs. The cost-to-income ratio stood at 44.6%, up from RM44.2% in FY24. On the balance sheet, total loans, advances and financing grew 3.5% y-o-y to RM138.9bil, while total customer deposits fell 0.6% y-o-y to RM141.5bil. Time deposits grew 1% y-o-y to RM90.5bil, while current account savings account (Casa) balances decreased 3.3% y-o-y to RM51bil, resulting in a lower Casa mix of 36%.
The Star
26-05-2025
- Business
- The Star
AmBank records RM2bil net profit in FY25, declares final div of 19.9c/share
KUALA LUMPUR: AMMB Holdings Bhd (AmBank) has closed its first financial year since the rollout of its Winning Together (WT29) strategy - marked by growth in both interest and fee income. The financial group posted a net profit of RM513.93mil in the final quarter ended March 31, 2025, up from RM476.54mil in the year-ago quarter. Revenue during the quarter under review rose to RM1.28bil from RM1.17bil in 4QFY24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. The final-quarter result brought the full-year net profit to RM2bil and revenue to RM4.93bil, as compared to RM1.87bil and RM4.65bil in FY24. The group declared a final dividend of 19.9 sen per share for depositors on the record of depositors on June 19, 2025, payable on July 8, 2025. This brought AmBank's total dividend payout for FY25 to 30.2 sen per share, as compared to 22.6 sen in FY24. Commenting on the group's improved performance, AmBank CEO Jamie Long said its capital position remained solid while total cash dividend increased to RM1bil. "This reflects our confidence as we continue to build our businesses from a position of strength," he said in a statement. In the year under review, AmBank reported a net interest income (NII) of RM3.57bil, an 8% increase year-on-year (y-o-y), mainly owing to a 15bps net interest margin expansion to 1.94% as well as loans and financing growth of 3.5% y-o-y. Non-interest income grew 1.3% y-o-y to RM1.36bil due to higher fee income, partially offset by lower trading gains from group treasury and market. The group's overall expenses in FY25 grew 7.1% y-o-y to RM2.2bil due to higher personnel and computerisation costs. The cost-to-income ratio stood at 44.6%, up from RM44.2% in FY24. On balance sheet, the group's total loans, advances and financing grew 3.5% y-o-y to RM138.9bil while total customer deposits fell 0.6% y-o-y to RM141.5bil. Time deposits grew 1% y-o-y to RM90.5bil while current account savings account (Casa) decreased 3.3% y-o-y to RM51bil for a lower Casa mix of 36%.
New Straits Times
26-05-2025
- Business
- New Straits Times
AmBank posts 7.1pct higher net profit to RM2.0bil for FY25, paying 30.2 sen dividend
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) closed its financial year ended March 31 2025 (FY25) with a 7.1 per cent net profit growth year-on-year to RM2.0 billion from RM1.87 billion previously. This was on the back of a higher net income of RM4.93 billion from RM4.65 billion in FY24, said AmBank Group in a statement today. The group posted a net profit of RM513.93 million in the final quarter, up from RM476.54 million a year ago. Its revenue during the fourth quarter (Q4) rose to RM1.28 billion from RM1.17 billion in Q4FY24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. AmBank Group chief executive officer Jamie Ling said: "We are pleased to report a strong close to the first year of our WT29 strategy. "With our capital position solid, we increased our total cash dividend to RM1.0 billion. This reflects our confidence as we continue to build our businesses from a position of strength," he added. The group proposed a final dividend of 19.9 sen per share for the fourth quarter (Q4) of FY25. Together with the interim dividend of 10.3 sen per share declared in Q2, total dividends for FY25 amounted to 30.2 sen per share, up 34 per cent YoY with a dividend payout ratio of 50 per cent AmBank's net interest income grew 8.0 per cent YoY to RM3.57 billion, with a 15-basis point expansion in net interest margin to 1.94 per cent. Its non-interest income grew 1.3 per cent YoY to RM1.36 billion with continuing operations income up 5.3 per cent YoY. AmBank said a broad-based growth in fee income was achieved across business banking, retail wealth management, funds, stockbroking, private banking and equity capital markets and from insurance. This was partially offset by lower trading gains from group treasury and markets. The group's total gross loans, advances and financing grew 3.5 per cent YoY to RM138.9 billion (FY24: RM134.1 billion) mainly driven by business banking (up RM5.4 billion or 12.4 per cent YoY) and wholesale banking (up RM1.3 billion or 6.8 per cent YoY). This was partially offset by lower loans growth in retail banking (down RM1.4 billion or 2.1 per cent YoY). Its total customer deposits fell 0.6 per cent YoY to RM141.5 billion, while total expenses increased 7.1 per cent YoY to RM2.2 billion, with cost-to-income ratio of 44.6 per cent. The group's net impairment charges dropped to RM143.9 million (FY24: RM769.7 million), on the back of improved expected credit loss calculations for loans classified as Stage 3 (or ECL S3) flow rates and writeback of forward-looking provision. In the corresponding period in FY24, forward looking charges as well as a one-off credit impairment overlay and intangible assets impairment charges were recorded. That year, the group recorded a one-off charge of RM520.2 million (RM402.5 million, net of corporate tax) comprising additional credit impairment overlay of RM328.2 million, impairment of intangible assets of RM111.9 million and RM80.0 million for restructuring expenses. On its prospects, Ling said the geopolitical tensions have heightened following the US reciprocal tariffs. This has caused significant volatilities in the financial markets globally. While trade negotiations are ongoing between the US and other nations, it remains uncertain how quickly these negotiations can be concluded, he added. "Coupled with new conflicts emerging in South Asia, these combined uncertainties will inevitably impact business and consumer confidence, translating into potentially slower economic growth. "Against this economic backdrop, the group will continue to proactively manage our risk profiles and capitalise on the opportunities we see," Ling said.
