Latest news with #Kam
The Sun
02-06-2025
- Business
- The Sun
Alliance Bank to maintain strong loan momentum in FY2026
KUALA LUMPUR: Alliance Bank Malaysia Bhd aims to maintain strong loan momentum in FY2026 amid Malaysia's stable lending conditions. Group CEO Kellee Kam said the bank is guiding for loan growth of between 8% and 10% for FY2026, doubling the industry's expected growth of around 5%. 'We've been growing between 12% and 14% over the last two years, at double the industry rate. Despite the fluid situation with US tariffs and other global uncertainties, we believe Malaysia remains accommodative for growth,' he told reporters after the bank's EGM on Friday. To fund the growth, Alliance Bank Malaysia Bhd is raising RM606.5 million through a renounceable rights issue. The bank will issue 182.13 million new ordinary shares on a 2-for-17 basis at RM3.33 per share, representing a 20.1% discount to the theoretical ex-rights price (TERP) of RM4.1672. Kam said the capital injection is meant to fuel the bank's ongoing growth under its Accelerate 2027 plan. 'So again, if you look at our first quarter GDP numbers, it was at 4.4% after a very strong last year. Last year was about 5.6%. 'So we believe that the banking sector will continue to be accommodative for growth, sufficient liquidity and sufficient fiscal and monetary levers,' he said. He said the bank wants to position itself with enough capital to continue that growth. 'We want to not slow down because we believe that there's an opportunity for Alliance Bank to continue that pace of growth.' Kam said the bank expects growth to remain broad-based across business segments, as seen in FY2025 when total loan growth of 12% was well distributed. 'Consumer, which grew about close to 13%, ....about 12.6%. Our SME grew at about 10.5%. Commercial grew about 15%, and corporate grew about close to 9%. So it was fairly well distributed within the segments.' Kam said Accelerate 2027 was about broadening its engines of growth, which is how it has been able to grow much faster than it traditionally did. 'If you look at the compounded annual loan growth pre-Covid – specifically the three years before the pandemic – we used to grow about 3.3% compounded annually. Now, our three-year compounded growth is closer to 10.5%–10.6%, which is nearly three times what it used to be.' The rights issue is expected to lift the bank's core equity Tier-1 (CET1) ratio from 12.2% to 13.3%, and total capital ratio to nearly 18%, in line with larger peers. The rights issue is partially underwritten by RHB Investment Bank, which will underwrite 129.2 million shares – about 71% of the total. Rights trading runs from June 17 to 24, with the subscription deadline on July 2. The new shares will be listed on July 15. Alliance Bank FY2025 revenue up 12.3% y-o-y to RM2.3 billion and net profit rising 8.7% to a record RM750.7 million. Net interest income climbed 13.2% to RM1.95 billion, while net interest margin held steady at 2.45%. Non-interest income rose 7.7% to RM323.4 million. Total gross loans expanded by 12% to RM62.4 billion – more than double the industry's 5.2% growth.
The Star
27-05-2025
- Business
- The Star
Alliance Bank posts record year with net profit RM197.49mil, 2nd interim div of 9.9c/share
Alliance Bank group CEO Kellee Kam KUALA LUMPUR: Alliance Bank Malaysia Bhd has posted a record financial year, which affirms the success of its Acceler8 strategy and reinforces the longer-term growth trajectory, said group CEO Kellee Kam. "We remain focused on sustainable growth and creating long-term value for all our stakeholders,' said Kam in a statement announcing the bank's latest quarterly result. In its latest quarterly result (4QFY25), Alliance Bank recorded a net profit of RM197.49mil, up from RM177.74mil in the year-ago quarter, for an improved earnings per share of 12.76 sen against 11.48 sen previously. The bank reported revenue of RM563.24mil during the quarter, compared to RM516.17mil in 4QFY24. This brought the banks' full-year net profit to a record high of RM750.73mil, against RM690.48mil in FY24, and revenue also to a historical high of RM2.27bil from RM2.02bil in the previous year. For its performance, Alliance Bank proposed a second interim dividend of 9.9 sen per share, payable on June 26, 2025, which brings its total payout in FY25 to 19.4 sen. According to the statement, the bank's revenue growth was supported by improvements in both net interest income (NII) and non-interest income (NOII). NII rose 13.2% year-on-year (y-o-y) to RM1.95bil driven primarily by higher loan volumes. Net interest margin stood at 2.45%. NOII increased by 7.7% y-o-y to RM323.4mil, mainly due to higher foreign exchange sales and trade fees, wealth management income (excluding the one-time bancassurance business model fee recognised in FY24), and treasury and investment income. The cost-to-income ratio stood at 48% as the bank continued its investments in technology and people. Alliance Bank said its total gross loans expanded 12% y-o-y to RM62.4bil with growth recorded across all segments. The current account savings account (Casa) ratio, meanwhile, stood at 41%, supporte by a 14.7% y-o-y increase in customer deposits.
Yahoo
21-05-2025
- Business
- Yahoo
Experts share tips on how to navigate today's job market as graduation season is upon us
HONOLULU (KHON2) — May marks graduation season, and that means a new generation is preparing to enter the workforce. So what can young adults expect in today's job market? Boys & Girls Club of Hawaii hosts annual fundraiser 'Great Futures Day' According to Alexarae Kam, an industrial staffing manager at ALTRES Staffing, several industries are seeing strong growth — and that means more opportunities for job seekers. Among the top fields hiring right now: health care, home care, construction and skilled trades, technology and data, and tourism and hospitality. 'There are many different pathways to success today,' Kam said. 'And what that looks like can vary greatly from person to person.'Some high school students are even earning associate or bachelor's degrees before they graduate, giving them a head start. But college isn't the only option. Trade programs — including HVAC, carpentry and electrical work — often offered through community colleges, can also lead to rewarding and well-paying careers. For those considering a career change, Kam recommends taking a strategic approach: identify your transferable skills, clarify your motivation, bridge any knowledge gaps, network, prepare mentally for a shift, and plan for any financial changes. Download the free KHON2 app for iOS or Android to stay informed on the latest news 'There's no one-size-fits-all path anymore,' Kam said. 'And that's a good thing.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
South China Morning Post
15-05-2025
- South China Morning Post
Hong Kong police probe fatal accident after man knocked down by private vehicle
Hong Kong police are investigating a fatal traffic accident that saw a man knocked down by a private vehicle in Hung Hom. The force said on Thursday that the incident took place earlier in the day at 2.57am. The driver, a 32-year-old surnamed Kam, was heading eastward along Dyer Avenue when he 'reportedly knocked down' the non-ethnic Chinese man as the motorist approached Hung Sing House in Hung Hom Estate, according to police. Police said the victim, aged 43, had sustained serious head injuries and was unconscious as he was rushed to Queen Elizabeth Hospital in Yau Ma Tei, where he was confirmed dead at 4.47am. 'The driver was arrested for dangerous driving causing death and is being detained for inquiries,' a police spokesman said. The Kowloon West's special investigation traffic team was handling the investigation, he added.
South China Morning Post
15-05-2025
- South China Morning Post
Hong Kong police probe fatal accident after man knocked down by private vehicle
Hong Kong police are investigating a fatal traffic accident that saw a man knocked down by a private vehicle in Hung Hom. The force said on Thursday that the incident took place earlier in the day at 2.57am. The driver, a 32-year-old surnamed Kam, was heading eastward along Dyer Avenue when he 'reportedly knocked down' the non-ethnic Chinese man as the motorist approached Hung Sing House in Hung Hom Estate, according to police. Police said the victim, aged 43, had sustained serious head injuries and was unconscious as he was rushed to Queen Elizabeth Hospital in Yau Ma Tei, where he was confirmed dead at 4.47am. 'The driver was arrested for dangerous driving causing death and is being detained for inquiries,' a police spokesman said. The Kowloon West's special investigation traffic team was handling the investigation, he added.
