Alliance Bank Malaysia Berhad
ANALYST UPDATES
Share Price: RM4.35 | Target Price: RM4.84 | Rating: Hold Alliance’s loan book is largely insulated against export shocks. Medium-term loans growth is expected to outpace the industry. A proposed RM600m...
Share Price: RM4.61 | Target Price: RM4.90 | Rating: Neutral Alliance Bank Malaysia (ABMB) hosted a briefing yesterday, providing further clarity on the proposed rights issue. The proposed rights issue...
ABMB Research Update (HLIB) Share Price: RM5.09 | Target Price: RM5.55 | Rating: HOLD Alliance proposed a renounceable rights issue to raise around RM600m for working capital purposes. HLIB expressed surprise...
Share Price: RM5.32 | Target Price: RM5.90 | Rating: Buy Alliance Bank Malaysia’s 9MFY25 results are in line, and management is optimistic on achieving if not exceeding all its guidance items. With the...
Share Price: RM5.32 | Target Price: RM5.20 | Rating: Hold Alliance reported a 3Q FY25 net profit of RM186.7 with 9MFY25 results at RM553.2m (+7.9% yoy). Expansion in operating income was underpinned by...
Share Price: RM5.32 | Target Price: RM4.90 | Rating: Neutral Net interest income rose 11.7% YoY to RM1.0.8bn, on continued strong loans growth of 14.2% YoY, outpacing management’s FY25 loans growth target...
Share Price: RM5.32 | Target Price: RM5.55 | Rating: HOLD Alliance posted in 3QFY25 net profit of RM187m (-2% QoQ, +6% YoY), bringing 9MFY25 sum to RM553m (+8% YoY). This came in above HLIB’s expectations...
Share Price: RM5.32 | Target Price: RM5.30 | Rating: Hold ABMB’s 9MFY25 earnings were within expectations and tracking closely to management’s guidance. Forecasts maintained, but with the share price having...
CORPORATE DEVELOPMENTS
Alliance Bank Rights Issue to raise up to RM600 million
Alliance Bank is seeking to raise as much as RM600 million in fresh capital via a rights issue of new shares to fund its general banking, financing and investing activities. Alliance Bank’s share price closed at RM5.09 on 21/3/25, gaining around 50% over the past 12 months and giving it a market capitalisation of RM7.87 billion. The rights issue is expected to be completed by the third quarter of 2025 and is subject to regulatory and shareholder approvals.
Source: TheEdge