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Alliance Bank Malaysia Berhad (2488) Fair Value & Analysis

Financial Services · MY · Market cap 8.1B MYR

AB Alliance Bank Malaysia Berhad 2488 · KLSE
Price4.76 MYR
Fair Value6.21 MYR
Upside+30.5%
Quality97/100
Evidence: High Range 4.66 MYR – 7.76 MYR

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +1.5% over the past month.

Price vs Fair Value (12 months)

5.55 MYR 4.19 MYR Fair Value 6.21 MYR Jun 2025 Jun 2026

12‑month range 4.19 MYR – 5.55 MYR · fair‑value band 4.66 MYR – 7.76 MYR · the 4.76 MYR price screens below the 6.21 MYR fair value. As of Jun 26, 2026.

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Analysis

Alliance Bank Malaysia Berhad (2488) currently trades at 4.76 MYR, while our model-based Fair Value estimate is 6.21 MYR — implying the stock looks roughly 30.5% undervalued today. We read business quality at 97/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Alliance Bank Malaysia Berhad generated revenue of 2.2B MYR at a net margin of 36.7%. Revenue grew 3.6% year over year. It earns a return on equity of 10.0%. Net debt stands at 3.0B MYR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 2.2B MYR
Revenue growth (YoY) +3.6%
Net margin 36.7%
Return on equity 10.0%
Free cash flow 1.0B MYR FY2026
P/E ratio 9.5
More key figures
Operating margin 49.0%
EPS (TTM) 0.4900 MYR
Dividend yield 4.1%
EPS growth (YoY) -6.6%
Net debt 3.0B MYR FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Alliance Bank Malaysia Berhad provides banking and related financial services in Malaysia. The company operates through Consumer Banking, Business Banking, Financial Markets, and Others segments. It accepts savings, current, fixed/term deposit, foreign currency, employee, and business accounts. The company also offers personal loans, mortgages, and margin and portfolio financing services; business loans, such as equipment, general working capital, business premises, bridging, trade, and palm oil plantation financing, as well as SME express loans; and government assistance schemes. In addition, it provides credit and debit cards; unit trust, dual currency, retail securities, and structured investment products, as well as retail bonds; share trading accounts and services; share and portfolio financing accounts; bancassurance products; and life, general, commercial, and family takaful insurance products. Further, the company offers corporate advisory services, such as initial public of…

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Alliance Bank Malaysia Berhad reported revenue of 4.2B MYR in FY2026 versus 2.4B MYR in FY2022, a compound +14.5%/yr. Reported net income was 827M MYR in FY2026, compounding +9.6%/yr from FY2022.

Revenue +14.5%/yr
FY22 2.4B MYR
FY23 2.7B MYR
FY24 3.2B MYR
FY25 3.7B MYR
FY26 4.2B MYR
Net income +9.6%/yr
FY22 573M MYR
FY23 678M MYR
FY24 690M MYR
FY25 751M MYR
FY26 827M MYR

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Similar stocks

6 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
HDFC Bank Limited HDFCBANK ₹747.05 ₹894.11 +20%
PT Bank Central Asia Tbk BBCA 6,225 IDR 6,617 IDR +6%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,880 IDR 5,760 IDR +100%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
KB Financial Group 105560 154,000 KRW 172,992 KRW +12%
PT Bank Mandiri (Persero) Tbk BMRI 3,710 IDR 7,420 IDR +100%

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Frequently asked questions

Is Alliance Bank Malaysia Berhad (2488) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 6.21 MYR versus a price of 4.76 MYR — about +30% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2488?
Our 21-model fair value for Alliance Bank Malaysia Berhad is 6.21 MYR (as of Jun 26, 2026), built from audited fundamentals. The current price is 4.76 MYR.
What is the quality score of 2488?
Alliance Bank Malaysia Berhad has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Alliance Bank Malaysia Berhad (2488)?
Alliance Bank Malaysia Berhad reported trailing-twelve-month revenue of about 2.2B MYR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of 2488?
The net profit margin of Alliance Bank Malaysia Berhad is about 36.7%, meaning it keeps roughly 36.7% of revenue as net income. Based on the latest reported figures.
Does Alliance Bank Malaysia Berhad pay a dividend?
Alliance Bank Malaysia Berhad currently shows a dividend yield of about 4.09% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.