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KLSE: AFFIN       AFFIN HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.52 2.74     +0.22 (8.73%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
17/07/2017 2.61 2.80 +0.19 (7.28%) HOLD HLG Price Target News
31/05/2017 2.70 3.30 +0.60 (22.22%) BUY MIDF Price Target News
31/05/2017 2.70 2.90 +0.20 (7.41%) HOLD KENANGA Price Target News
31/05/2017 2.70 2.80 +0.10 (3.70%) HOLD HLG Price Target News
29/05/2017 2.82 2.55 -0.27 (9.57%) SELL UOBKayHian Price Target News
29/05/2017 2.82 3.30 +0.48 (17.02%) BUY MIDF Price Target News
29/05/2017 2.82 2.85 +0.03 (1.06%) HOLD KENANGA Price Target News
29/05/2017 2.82 2.80 -0.02 (0.71%) HOLD HLG Price Target News
29/03/2017 2.84 2.80 -0.04 (1.41%) HOLD HLG Price Target News
02/03/2017 2.58 2.65 +0.07 (2.71%) HOLD UOBKayHian Price Target News
02/03/2017 2.58 3.20 +0.62 (24.03%) BUY TA Price Target News
02/03/2017 2.58 2.85 +0.27 (10.47%) BUY MIDF Price Target News
02/03/2017 2.58 2.55 -0.03 (1.16%) SELL KENANGA Price Target News
02/03/2017 2.58 2.45 -0.13 (5.04%) HOLD HLG Price Target News
01/03/2017 2.55 3.20 +0.65 (25.49%) BUY TA Price Target News
01/03/2017 2.55 2.85 +0.30 (11.76%) BUY MIDF Price Target News
01/03/2017 2.55 2.20 -0.35 (13.73%) SELL KENANGA Price Target News
01/03/2017 2.55 2.60 +0.05 (1.96%) HOLD ALLIANCE Price Target News


Price Target Research Article/News (past 6 months)
17/07/2017  HLG Affin Holdings - Green Light for Its Reorganzation
31/05/2017  MIDF Affin Holdings - Change In Focus Bearing Result
31/05/2017  KENANGA Affin Holdings - Healthy NIM Ahead
31/05/2017  HLG Affin Holdings - Clear the air on asset quality
29/05/2017  UOBKayHian Affin Holdings: 1Q17: Sharp Spike In Operating Cost And Gross Impaired Loans
29/05/2017  MIDF Affin Holdings - Driven By Strong PPOP
29/05/2017  KENANGA Affin Holdings - Another Round of Surging Fee Income
29/05/2017  HLG Affin Holdings - Making progress but asset quality still weak
29/03/2017  HLG Affin Holdings - Swift progress on Affinity
02/03/2017  UOBKayHian Affin Holdings: Lumpy Recoveries Driving Earnings Growth
02/03/2017  TA Affin - A Better 2017
02/03/2017  MIDF Affin Holdings - Better Prospect Ahead
02/03/2017  KENANGA Affin Holdings - Lofty Targets Ahead
02/03/2017  HLG Affin Holdings - Managing Perception
01/03/2017  TA Affin Holdings - A Strong Finish
01/03/2017  MIDF Affin Holdings - Income Growth Lead To Strong Performance
01/03/2017  KENANGA Affin Holdings - Saved by Fee Income
01/03/2017  ALLIANCE AFFIN - Moving ahead with Affinity



  anthonylow likes this.
 
titus ya....i bought more today....hehe
27/07/2017 17:21
titus i accumulated so much of affin until i become scared. Dunno right decision o not.
28/07/2017 16:43
aklobi titus.. my portfolio is 100% Affin, and 0% cash.. I'm confident. Don't worry.
28/07/2017 18:02
titus Aklobi, what is your average price?
28/07/2017 21:38
aklobi titus 2.69
28/07/2017 23:39
aklobi titus: 9 out of 10 research predict price targets above the current price. Average price target of all research is 2.875. The highest price target is 3.30. The lowest and only negative price target is 2.55. There are 2 buy recommendations, 1 sell recommendation, and 7 hold recommendations. Conclusion: DON'T WORRY
29/07/2017 00:48
titus Hi aklobi, thanks for sharing. I normally don't trust much on analyse report. My average cost is 2.50. After last friday, affin is 50% my portfolio. If there is opportunity, will get some tomorrow. Lets all here huat together in affin.
30/07/2017 06:27
aklobi titus.. I bought Affin at 2.11 and sold at 2.95.. This is my second ride.
30/07/2017 19:08
aklobi Let me share my prediction with you guys: The Quarter results will be announced on or after mid August. The results are expected to be positive and therefore might ignite a rally for Affin from now until the result announcement. We might see the price reach 3.10 or even more. I could be wrong.
30/07/2017 19:09
Bulat ARE YOU SURE? good excellent great wonderful
31/07/2017 16:42
Bulat rhb and ambank the last result no ok. after still up lah
31/07/2017 16:44
titus bought a little more affin today. Let see tomorrow how it perform
31/07/2017 16:50
titus going south. Thought after cw expire should rebound. Maybe the entire stk market is curse by the 1mdb. Forget that this is a national issue which hv some effect on the klse. Since now it has defaulted, expecting downtrend for bursa???
01/08/2017 16:43
alvinchiam This bank very very cheap laa.. we will the boat..
01/08/2017 16:50
alvinchiam if want to buy no volume.. must keep...
01/08/2017 16:51
alvinchiam if miss the boat.. no chance.. u can see bank very expensive..
01/08/2017 16:52
TheContrarian Affin downside is much limited but there's great upside potential if there's ever going to be a merger with another bank. It is worthwhile to include it into your portfolio of undervalued counters. To me it's too cheap not to have. Bought some at 2.57 today.
01/08/2017 19:04
titus TheContrarian, I have been accumulated a lot and every time I see it go lower, I just could not stop nibbling. Hope it doesn't fall into a coma and keep drifting south.
02/08/2017 14:27
aklobi Titus.. my strategy is shut your screen and go do something else. Sooner or later you'll be pleased with the price. Monitoring the price everyday is not benefitial. Big Fish eat small fish who keep monitoring the screens by playing a psychological game and depressing the stock price.
02/08/2017 16:15
titus thanks aklobi. I still have some cash left. Hence, whenever if drift lower, i buy a little bit more. That is why monitoring the stk. I guess i have accumulated enough. Going to see this when the next QR release.
02/08/2017 16:21
darrenliew GOOD BUYING OPPORTUNITY
1Q PROFITS ALTO UP 6.6% COULD HAVE BEEN MUCH BETTER IF NOT FOR THE ADDITIONAL NPL/GIL OF RM200M PROVIDED FOR 1 REAL ESTATE AC (WHICH IS ACTUALLY PERFORMING BUT TECHNICALLY CLASSIFIED IN 1Q AS IT WAS IN THE PROCESS OF RESTRUCTURING & RESCHEDULING (R&R). IF THIS AC CONTINUES TO PERFORM BY MEETING ITS OBLIGATIONS UNDER ITS R&R (I.E. WITHIN THE 6 MONTHS OF 1Q AND 2Q) IT WILL BE DECLASSIFIED. AFFIN BANK WILL BE ABLE TO REDUCE ITS NPL/GIL BY RM200M (by 21.6%)AND ALSO WRITE BACK ITS PROVISIONING FOR THIS AC INTO ITS PROFIT AC. (THIS AC IS ALREADY PERFORMING BEFORE ITS R&R. WITH THE BANK’S MORE ACCOMODATING TERMS UNDER THE R&R IT WILL BE EVEN EASIER TO CONTINUE TO PERFORM. HENCE WE CAN EXPECT AFFIN’S 2Q RESULTS (TO BE RELEASED SOON) TO BE VERY GOOD.
(attached herewith relevant report by HL Investment Bank:-
Affin Holdings - Clear the air on asset quality
Author: HLInvest | Publish date: Wed, 31 May 2017, 09:54 AM
________________________________________
Highlights/ Comments
• Hosts briefing. Affin organized conference call post-1Q17 briefing. To recap, Affin’s 1Q17 net profit of RM123.2m (+6.6% YoY, -30.4% QoQ) was broadly in line with expectations but with rising absolute NPL by +21.6% QoQ.

• Spike in NPL explained. Management explained that the spike in NPL was caused by one specific real estate account located in Klang Valley worth RM200m that was classified under restructured and rescheduled (R&R). To note, the R&R account is classified under impaired loans despite the account still performing. The R&R loans will be reclassified as non-impaired with provisions written back if the borrowers continue to service the loans timely within these six months. In the case of Affin, the particular R&R account is fully collateralized and does not required additional provision. Excluding this account, Affin’s NPL would have declined by 5.5% QoQ, lowering GIL to 1.54% from 2.0%.
• Higher opex temporary. This is rather a seasonal issue as Affin booked various one-off related costs such as IT and Affinity. For instance, the additional 200 headcounts since last year had spiked its personnel cost. For establishment cost, the change in IT vendor will lead to cost saving for Affin to the amount of RM3.5m/month, translating into RM24.5m for FY17 alone. Management guided that such savings will lead to lower CTI in the region of 58% by end of FY17 from 66.4% currently.
• Steady NIM. Despite higher cost of funds by 40bps YoY, Affin’s NIM accelerated by 13bps to 1.97%. This is chiefly driven by higher loans yield. Recall that Affin had replaced RM1.6bn loans with higher yield loans.
• Loan growth intact. Still eyeing 8% loan growth, which will be driven by both retail and SME segment. Management admitted that it is now playing a catchup game with other banks in the SME segment. Nevertheless, it is making swift progress in attracting SME players to achieve its targeted loan growth.
03/08/2017 14:09
titus Affin releasing the next QR around 3rd week. Let's see how it performed.
04/08/2017 11:06
TheContrarian Malaysia having a 1MDB sentiment problem.
05/08/2017 11:54
titus if due to 1mdb, holding cash also no use....soon it will be banana paper....
Sigh, unless convert to foreign currency
07/08/2017 16:19
shortinvestor77 wait and see affin result. argument is useless.
09/08/2017 11:15
titus looks like entire market is down.....cut loss
11/08/2017 11:36
shortinvestor77 BYE-BYE, TITUS.
11/08/2017 15:54
titus shortinvestor77, oppsss.....typo......i plan to cut loss but didn't execute yet....hehe....so pretty much in the boat.....
11/08/2017 17:06
TheContrarian Titus, you need to diversify into several good unvalued counters.
11/08/2017 21:15
titus TheContrarian, any good recommendation especially with current market uncertainty?
11/08/2017 23:30
TheContrarian I try to diversify into different sectors. I don't expect the market to be as good as it has been during the first half of the year. I think the undervalued companies that announce improved quarter on quarter results will see their share prices go up and stay up. I'm betting on OSKVI to announce impressive QR next week.
12/08/2017 00:40
apolloang be patience,the market is going no where,everyday slow death.down then at the close of low,then the next day down again.it won't crash down,cos if crash down the sharks cannot sell,so they use this method,down then push back up a bit so retailers thinking of rebound,got trapped again.
12/08/2017 00:50
TheContrarian apolloang, Cepatwawasan did pretty well after release of its QR two days ago.
12/08/2017 01:22
shortinvestor77 If really market down, those (like me) that invested in stocks with dividends will just close eyes to receive our handson dividends (more than 3% that bank offer even market down) every year. Nothing to worry. But if you invest in no dividend stock, you have to worry.
12/08/2017 12:40
shortinvestor77 Anyhow, no show for US and NK. Don't worry.
12/08/2017 12:41
shortinvestor77 https://www.washingtonpost.com/world/china-warns-north-korea-youre-on-your-own-if-you-go-after-the-us/2017/08/11/a01a4396-7e68-11e7-9026-4a0a64977c92_story.html?utm_term=.8a14c4f61f01
12/08/2017 12:42
shortinvestor77 Dow Jones 21,858.32 +14.31 0.07%
Nasdaq 6,256.56 +39.68 0.64%
12/08/2017 12:44
TheContrarian Dow Jones was stable last nite which is good. Many counters have been falling which is a good buying opportunity for people who has the cash to buy.
12/08/2017 16:00
TheContrarian Anyone bought OSKVI?
16/08/2017 09:36
titus nope.....too bad as was busy. But congrats to you and those have bought.
16/08/2017 11:30
TheContrarian I'm sincere in sharing opportunities.
16/08/2017 12:37
titus Thanks TheContrarian. Hope you can share more in future.
16/08/2017 16:46
Buybuybuy Trading buy call due to the strong result which is going to release next week. Trading buy call 3.50. buy now before the good news release.
17/08/2017 15:43
titus if it really goes up to 3.50.......i be laughing all the way to the bank. I believe TheContrarian will be rolling all the way because he holds much more....
18/08/2017 10:48
Beza The finance & insurance and business services stepped expanded 5.1% and 8.5% respectively.
http://klse.i3investor.com/blogs/kianweiaritcles/130290.jsp
18/08/2017 14:03
aklobi Hello guys.. hope to celebrate with you next week!
19/08/2017 21:00
19/08/2017 22:32
4444 Every year Aug QR sure out before 20th. Why 2017 so late? Very bad QR shorting wrong stocks?
https://klse.i3investor.com/servlets/stk/fin/5185.jsp
20/08/2017 22:34
titus bad Q??....hmmm....maybe they issue today,....hehe...
not other choices. Just need to wait patiently...
21/08/2017 08:43
4444 Where got out? Bad Q likely?

titus bad Q??....hmmm....maybe they issue today,....hehe...
not other choices. Just need to wait patiently...
21/08/2017 08:43
21/08/2017 20:45


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