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New Straits Times
16-05-2025
- Business
- New Straits Times
AMMB's trade loan exposure minimal at 4.7pct, says CIMB Securities
KUALA LUMPUR: AMMB Holdings Bhd's loans tied directly to the trade segment account for only 4.7 per cent of its overall loan portfolio, reflecting minimal exposure. According to CIMB Securities, this aligns with trends seen across other banks and supports its earlier assessment that the industry's direct exposure to the trade segment is not significant. "We believe the market's main concern lies with the second-order knock-on effects, which remain difficult for most banks to quantify at this stage," it said. However, CIMB Securities said AMMB's exposure to direct US trade-related sectors amounts to RM6.4 billion, representing 4.7 per cent of its total loans and involving 143 customers. "The total loan commitment granted or approved is RM9.3 billion for these trade-related loans of RM6.4 billion," it added. AMMB further divided the 143 customers with a total exposure of RM6.4 billion into three categories based on revenue impact. These include RM140 million with high direct impact (over 50 per cent of revenue affected), around RM680 million with moderate impact (25 to 50 per cent affected), and the remaining RM6.4 billion with low impact (less than 25 per cent affected). "Most of these 143 customers are high-grade customers with typically strong balance sheets. "Outstanding loans related to the electrical and electronics segment total RM935 million (0.7 per cent of total loans), out of RM1.1 billion loans approved, involving 95 customers. "Loans to the furniture segment amount to RM600 million (0.4 per cent of total loans), involving 220 customers," it added. CIMB Securities maintains a neutral stance and a 'Hold' rating on AMMB, keeping its target price steady at RM5.70 for financial year 2026 (FY26). This valuation is based on an expected return on equity of 8.6 per cent for calendar year 2026 and a fair price-to-book ratio of 0.9 times.
New Straits Times
10-05-2025
- New Straits Times
Scam app promised RM11mil windfall, retiree ends up RM680k poorer
GEORGE TOWN: A 60-year-old retiree from the private sector has fallen victim to an online investment scam involving a platform known as Silver Peak Capital, resulting in losses amounting to RM680,000. The victim has lodged a police report, and the case is being investigated under Section 420 of the Penal Code for cheating. State police chief Datuk Hamzah Ahmad said the woman claimed in her report that she first encountered an investment advertisement related to stock trading via the Facebook app in early February. She subsequently began communicating with a suspect via WhatsApp. "The investment scheme promised returns of between 10 and 20 per cent of the invested capital within a short period," Hamzah said in a statement today. "Keen to take part, the victim was instructed to download an app called Silver Peak CP, register as a member, and begin investing. "She then proceeded to make seven fund transfers to five different bank accounts. The victim only realised she had been scammed when she ran out of funds and was told she needed to pay a commission fee to withdraw an alleged profit of RM11 million, as displayed on the Silver Peak CP app." Following this, she filed a police report to initiate an investigation. In a separate case reported yesterday, a 60-year-old private sector clerk lost RM685,000 in a similar scam involving an app called Q Toff. The scam was uncovered when the victim attempted to withdraw RM1.4 million in supposed profits, only to be told she needed to pay 10 per cent of the earnings before any funds could be released — prompting her to realise she had been conned.
