AMMB Good Financial Result Did Not Help Push Up The Share Price

2010-05-18

AMMB Good Financial Result Did Not Help Push Up The Share Price

AMMB 4QFY10 net profit of RM242m brings FY10 earnings to RM1bn, and proposed 10.5 sen DPS did not help to push AMMB share price broken RM 5.00 level.

Base on the chart AMMB up down between RM 5.00 level since Mar till now still did not see any sign of broking RM 5.00 level, Vol trading also getting lower.

Due to the market situation I think AMMB share may rally after Oct

5 comments:

Ivan May 18, 2010 at 5:48 PM: Bro,

After October , guess is another financial quater coming?

just 1 cen opinion . .
now to oct, is around 4 mths. .anything can happen in tis few mths. ..

worldcup is coming. . and for sure the mkt volume will thin + european fear, credit bubble, double tip .. also will push the share price go low. .

sorry . .no offense. .just sharing :)
East Point Trading May 19, 2010 at 7:35 AM: Hi Ivan,

At October not only because of financial result release but also fund manager to get money for their year end bonus, so normally share market will be a bit positive.

By than time bad news will be control to cause panic selling and good news to push the share up more higher after panic selling.

I think in this coming 4 months it will be same old fear from Euro so better store up the money in gold.
Ivan May 19, 2010 at 9:06 AM: Bro,

Thx for reply me. I think ahead with the fear and bearish sentimen, in Msia capital mkt we only can invest in this below assets to ride on the bear trend:
a) buy gold investment - public bank

b) but put warrant - but most put warrant are damn expensive - in term of premium

c) short ci- a bit high risk

By the way, how you know most of the fund management are get bonus on Oct :) ? Where is your sources from?
East Point Trading May 20, 2010 at 8:08 AM: Hi Ivan

What I mean fund manager get their bonus is the year end bonus so their need to start earn money by OCT.
Ivan May 20, 2010 at 8:52 AM: HI Mr.Durian,

I thought the UTC normally adi start making the money by management fee , and it's calc daily itself :)

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