Latest news with #RM935
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.
Barnama
15-05-2025
- Business
- Barnama
Bursa Malaysia Almost Flat In Early Trade
By Anas Abu Hassan KUALA LUMPUR, May 15 (Bernama) -- Bursa Malaysia opened almost flat in early trade today amid mixed reactions from Wall Street's performance overnight as investors took a breather ahead of corporate earnings results. At 9.12 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.84 of-a-point or 0.05 per cent to 1,584.35 from Wednesday's close of 1,583.51. The benchmark index opened 0.76 of-a-point easier at 1,582.75. Meanwhile, market breadth was positive with 249 gainers outnumbering 147 losers, 322 counters were unchanged, 1,676 untraded and seven suspended. Turnover stood at 295.83 million shares valued at RM122.6 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed mixed as US market players shift their focus on earnings results primarily from the big technology companies that helped support the Nasdaq. On the home front, he said the FBM KLCI might see some continuing bargain-hunting activities, especially by foreign funds as illustrated from the net foreign inflows of almost RM935 million over the past two days. 'As such, we believe the index may re-test the 1,600 mark soon and expect it to hover within the 1,580-1,590 range today,' he told Bernama.
New Straits Times
15-05-2025
- Business
- New Straits Times
Bursa Malaysia almost flat in early trade
KUALA LUMPUR: Bursa Malaysia opened almost flat in early trade today amid mixed reactions from Wall Street's performance overnight as investors took a breather ahead of corporate earnings results. At 9.12 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.84 of-a-point or 0.05 per cent to 1,584.35 from Wednesday's close of 1,583.51. The benchmark index opened 0.76 of-a-point easier at 1,582.75. Meanwhile, market breadth was positive with 249 gainers outnumbering 147 losers, 322 counters were unchanged, 1,676 untraded and seven suspended. Turnover stood at 295.83 million shares valued at RM122.6 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street closed mixed as US market players shift their focus on earnings results primarily from the big technology companies that helped support the Nasdaq. On the home front, he said the FBM KLCI might see some continuing bargain-hunting activities, especially by foreign funds as illustrated from the net foreign inflows of almost RM935 million over the past two days. "As such, we believe the index may re-test the 1,600 mark soon and expect it to hover within the 1,580-1,590 range today," he told Bernama. Among heavyweights, Maybank eased four sen to RM10.16, Public Bank and IHH Healthcare were both unchanged at RM4.53 and RM7.06, CIMB fell one sen to RM7.23 and Tenaga Nasional gained eight sen to RM14.38. In active trade, Sapura Energy was flat at 4.5 sen, Harvest Miracle added one sen to 18.5 sen, SPP Tech gained 1.5 sen to 25 sen, Aemulus rose 3.5 sen to 30 sen and MAG was half a sen better at 19.5 sen. On the index board, the FBM Emas Index bagged 14.82 points to 11,851.15, the FBMT 100 Index advanced 15.58 points to 11,602.69, and the FBM Emas Shariah Index went up 34.18 points to 11,805.23. The FBM 70 Index improved by 60.28 points to 16,933.19 and the FBM ACE Index expanded 27.75 points to 4,818.75. Across sectors, the Financial Services Index slipped 12.89 points to 18,559.90, the Industrial Products and Services Index was up 0.49 of-a-point to 161.38, the Energy Index shed 2.26 points to 741.10 and the Plantation Index advanced 9.51 points to 7,366.91.
