Alliance Bank Malaysia

ABMB

MYL2488OO004

Banks

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-27 pm EDT			5-day change	1st Jan Change
3.8 ^MYR	+0.26%		+0.80%	+12.09%

Apr. 30	Alliance Bank Malaysia Berhad Announces Redesignation of Wong Yuen Weng Ernest to Deputy Chairman	CI
Apr. 08	Alliance Bank Malaysia Berhad Announces Executive Committee Changes	CI

Areca Capital Sdn Bhd, Areca Capital International Limited, Areca Frontier Sdn Bhd, Areca Eco Sdn Bhd and Alliance Direct Marketing Sdn. Bhd. completed the acquisition of Alliance Trustee Berhad from Alliance Bank Malaysia Berhad, Alliance Investment Bank Berhad, AllianceGroup Nominees Sdn. Bhd.,Alliancegroup Nominees Sdn. Bhd. and Alliance Direct Marketing Sdn. Bhd.

May 30, 2023

Areca Capital Sdn Bhd, Areca Capital International Limited, Areca Frontier Sdn Bhd, Areca Eco Sdn Bhd and Alliance Direct Marketing Sdn. Bhd. entered into an agreement to acquire Alliance Trustee Berhad from Alliance Bank Malaysia Berhad (KLSE:ABMB), Alliance Investment Bank Berhad, AllianceGroup Nominees (Asing) Sdn. Bhd.,Alliancegroup Nominees (Tempatan) Sdn. Bhd. and Alliance Direct Marketing Sdn. Bhd. for MYR 1.2 million on May 26, 2023. Upon completion of the Disposal, Alliance Trustee will cease to be a subsidiary of Alliance Group.

Areca Capital Sdn Bhd, Areca Capital International Limited, Areca Frontier Sdn Bhd, Areca Eco Sdn Bhd and Alliance Direct Marketing Sdn. Bhd. completed the acquisition of Alliance Trustee Berhad from Alliance Bank Malaysia Berhad (KLSE:ABMB), Alliance Investment Bank Berhad, AllianceGroup Nominees (Asing) Sdn. Bhd.,Alliancegroup Nominees (Tempatan) Sdn. Bhd. and Alliance Direct Marketing Sdn. Bhd. on May 31, 2023.

Latest news about Alliance Bank Malaysia

Alliance Bank Malaysia Berhad Announces Redesignation of Wong Yuen Weng Ernest to Deputy Chairman	Apr. 30	CI
Alliance Bank Malaysia Berhad Announces Executive Committee Changes	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Retirement of Lee Boon Huat as Independent and Non Executive Chairman of Risk Committee	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Retirement of Lee Boon Huat as Independent and Non Executive Director	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Retirement of Datuk Wan Azhar Bin Wan Ahmad as Independent and Non Executive Independent Director	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Redesignation of John Lee Hin Hock from Member of Risk Committee to Independent and Non Executive Chairman of Risk Committee	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Retirement of Wan Azhar Bin Wan Ahmad as Independent and Non Executive Member of Nomination and Remuneration Committee	Apr. 08	CI
Alliance Bank Malaysia Berhad Announces Retirement of Datuk Wan Azhar Bin Wan Ahmad as Independent and Non Executive Member of Audit Committee	Apr. 08	CI
Alliance Bank Malaysia Winds Up Alliance Investment Bank	Apr. 02	MT
Alliance Bank Malaysia Berhad Appoints John Lee Hin Hock as Independent and Non Executive Member of Risk Committee	Apr. 01	CI
Alliance Bank Malaysia Berhad Announces Step Down of Ahmad Bin Mohd Don as Independent and Non Executive Member of Nomination and Remuneration Committee	Apr. 01	CI
Alliance Bank Malaysia Berhad Appoints John Lee Hin Hock as Independent and Non Executive Member of Nomination and Remuneration Committee	Apr. 01	CI
Alliance Bank Malaysia Berhad Appoints John Lee Hin Hock as Independent and Non Executive Non Executive Director	Apr. 01	CI
Alliance Bank Malaysia's Profit Remains Flat in Fiscal Q3	Feb. 28	MT
Alliance Bank Malaysia Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 27	CI
Alliance Bank Malaysia Berhad Announces the Appointment of Chia Yew Hock Wilson as A Member of Executive Committee	Jan. 02	CI
Alliance Investment Bank Surrenders Investment Banking License	Dec. 29	MT
Alliance Bank Malaysia Trims Dividend Despite Profit Rise in Fiscal Q2	Dec. 01	MT
Alliance Bank Malaysia Berhad Announces First Interim Single Tier Dividend for the Fiscal Year Ending March 31, 2024, Payable on December 28, 2023	Nov. 30	CI
Alliance Bank Malaysia Berhad Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 30	CI
Alliance Bank Malaysia Forms Tie-Up in ESG Push for SMEs	Nov. 06	MT
Alliance Bank Malaysia Berhad Announces the Cessation of Office of Lee Ah Boon as Non Independent and Non Executive Member of Risk Committee	Nov. 03	CI
Alliance Bank Malaysia Berhad Appoints Chia Yew Hock Wilson as Non Independent and Non Executive Director	Nov. 03	CI
Alliance Bank Malaysia Berhad Announces the Resignation of Mr. Lee Ah Boon as Non Independent and Non Executive Director	Nov. 03	CI
Alliance Bank Malaysia Berhad Appoints Chia Yew Hock Wilson as Non Independent and Non Executive Member of Risk Committee	Nov. 03	CI

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Company Profile

Alliance Bank Malaysia Berhad is a Malaysia-based company engaged in the banking business and the provision of related financial services. Its segments include Consumer Banking, Business Banking, Financial Markets, Stockbroking and Corporate Advisory, and Others. The Consumer Banking segment provides a range of personal banking solutions covering mortgages, term loans, hire purchase facilities, credit cards and wealth management. Its consumer banking customers are serviced via branch network, call center, electronic/Internet banking channels and direct sales channels. The Business Banking segment covers small and medium-sized enterprises, corporate and commercial banking. The Stockbroking and Corporate Advisory segment includes stockbroking activities and corporate advisory, which includes initial public offering, debt fund raising and corporate restructuring. It is also engaged in business operations such as alternative distribution channels, trustee services and head office.

Sector

Banks

Calendar

2024-08-26 - Q1 2025 Earnings Release (Projected)

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Ratings for Alliance Bank Malaysia

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.8 MYR

Average target price

3.968 MYR

Spread / Average Target

+4.41%

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Alliance Bank Malaysia

Equities

ABMB

MYL2488OO004

Banks

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