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KLSE : AFFIN       AFFIN HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.84 2.53     -0.31 (10.92%)
* 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
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
17/02/2017 2.54 2.90 +0.36 (14.17%) BUY TA Price Target News
17/02/2017 2.54 2.20 -0.34 (13.39%) SELL KENANGA Price Target News
17/02/2017 2.54 2.30 -0.24 (9.45%) HOLD HLG Price Target News
19/01/2017 2.48 2.85 +0.37 (14.92%) BUY MIDF Price Target News
01/12/2016 2.28 2.50 +0.22 (9.65%) BUY MIDF Price Target News
01/12/2016 2.28 2.20 -0.08 (3.51%) SELL KENANGA Price Target News
01/12/2016 2.28 2.12 -0.16 (7.02%) HOLD HLG Price Target News
01/12/2016 2.28 2.00 -0.28 (12.28%) SELL ALLIANCE Price Target News
30/11/2016 2.22 2.60 +0.38 (17.12%) BUY TA Price Target News


Price Target Research Article/News (past 6 months)
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
17/02/2017  TA AFFIN - Proposed reorganisation
17/02/2017  KENANGA Affin Holdings - Corporate Restructuring – Neutral
17/02/2017  HLG Affin Holdings - Transfer of listing status
19/01/2017  MIDF Affin Holdings - Building Its Niche
01/12/2016  MIDF Affin Holdings - Above Expectations On Lower Provisions
01/12/2016  KENANGA Affin Holdings - Above Expectations but Outlook still Challenging
01/12/2016  HLG Affin Holdings - Results above due to slower provision
01/12/2016  ALLIANCE AFFIN - Asset-quality concern remains
30/11/2016  TA Affin Holdings Berhad - Another Set of Encouraging Results



  anthonylow likes this.
 
ivan9511 thanks thecon noted
09/03/2017 01:30
Buybuybuy The price has been stabilised and will climb towards to 3 mark soon. Trading buy call 3.80
09/03/2017 10:03
darrenliew CAN CLIMB BACK TO ABOVE RM4.00 TO RM4.50 WHICH WERE ITS HIGH PRICES BEFORE THE DECLINE IN PROFITS 2 YEARS AGO CAUSED ITS SHARE PRICES TO DROP.
NOW THAT ITS PROFITS ARE ALREADY IN A STRONG GROWTH PATH ITS SHARE PRICE WILL CONTINUE TO GO BACK UP.
CATALYSTS INCLUDE RISING PROFITS IN THE COMING QUARTERS COMBINED WITH INCREASING DIVIDENDS PLUS INCREASING FOREIGN FUNDS BUYING ATTRACTED BY ITS STRONG FUNDAMENTALS, INCREASING PROFITS, DIVIDENDS (EXPECTING A FINAL D OF 14 SEN SOON) AND ITS STILL VERY LOW SHARE PRICE (THE LOWEST SHARE PRICE AT 2.88 FOR A COMMERCIAL BANK WITH A FAST GROWING ISLAMIC BANKING DIVISION . COMPARE RHB AT 5.20 AND MAYBANK AT 8.80. AFFIN SHARE PRICE STILL HAVE MUCH UPSIDE.
09/03/2017 10:59
TheContrarian darrenliew, don't be so optimistic.
09/03/2017 11:21
darrenliew OK. JUST GETTING EXCITED OVER ITS GROWTH PROSPECTS AND ITS COMING ANNOUNCEMENT FOR ITS FINAL DIVIDEND
09/03/2017 11:43
Buybuybuy Dividend will push the affin price over 3 mark so better buy now before it is too late. trading buy call 3.80
09/03/2017 12:01
Ekovestup When final dividen announcement?
09/03/2017 14:10
TheContrarian Dividend matter now awaiting Bank Negara approval. Quantum cannot be confirmed but will definitely be higher than last year. Affin top management wants to declare high dividend in order to attract Socso and KWAP. They are very disappointed with EPF's continuous selling.
09/03/2017 14:39
10bagger10 So. Meaning to say.. we are laughing all the way to the bank right?
09/03/2017 22:24
TheContrarian Don't laugh laugh on the way to the bank, might get detained and send off to Tanjung Rambutan.
10/03/2017 08:08
darrenliew BIG DIVIDEND COMING
10/03/2017 15:51
TheContrarian How big?
10/03/2017 15:55
10bagger10 Very big
10/03/2017 18:37
TheContrarian How big is very big?
10/03/2017 19:05
shortinvestor77 Too big? Ha! Ha!
10/03/2017 20:14
shortinvestor77 I wanna guess. 19 cents?
10/03/2017 20:14
TheContrarian Too big I sell my CV!
10/03/2017 20:35
shortinvestor77 http://www.kwongwah.com.my/?p=284639
10/03/2017 20:51
shortinvestor77 各项业务贡献增加 艾芬控股业绩卓越
10/03/2017 20:52
i3investorLife Roughly when is the final dividend announcement?
10/03/2017 20:55
TheContrarian The matter is with Bank Negara now. Anytime soon.
10/03/2017 21:08
10bagger10 24 cts? Can o not.
11/03/2017 15:10
Koh Wee Kiat 0.24 i let u chop
11/03/2017 22:30
10bagger10 Y u wan let me chop?
12/03/2017 07:57
10bagger10 U offer i also dun want.
12/03/2017 19:00
Buybuybuy Trading buy call 3.80. Most undervalued stock and will announce the dividend soon so just buy now before the price goes up again,
13/03/2017 09:49
TheContrarian Today I met my remisier. He reminded me, "You know or not your CV already 300% gain?"
13/03/2017 13:28
titus Dear TheContrarian, kudos on your success in affin-cv. Only bought mum and not the warrant as there is few. Not sure which 1 to buy. If you were to collect your profit now, which other stock you are eyeing.
13/03/2017 16:36
TheContrarian I don't want to sell yet. I sold only some Ancom today, bought at 32 - 37.5 sen, sold a small portion at 44 sen. Last Friday near 5 pm I bought some Cresbld at 92 sen. I have plenty of cash sitting in my current account and FD. No hurry to sell Affin-CV.
13/03/2017 16:53
TheContrarian I'm not in a hurry to buy any new shares also. I usually do a bit of my own research before I dive in.
13/03/2017 16:56
TheContrarian Last week EPF continued to sell Affin shares.
13/03/2017 18:07
shortinvestor77 EPF is a trader, selling and buying shares.
13/03/2017 19:50
TheContrarian Lately EPF hasn't been buying, only selling.
13/03/2017 20:47
Galant bank stocks are hot today...affin can follow?
17/03/2017 10:06
TheContrarian Always the last to follow.
17/03/2017 19:39
Winningpost Again will play catch up with the rest of banking stocks by next week - for sure.
17/03/2017 20:08
Winningpost Affin I mean.
17/03/2017 20:09
kktom affin will come up to 3.20
18/03/2017 22:11
titus if can stay above 2.90, then it will be a good support. Looking forward it to go beyond 3.00
20/03/2017 15:14
Buybuybuy Insider news : foreign funds is aiming affin bank so accumulate the shares now before the price starts moving again. Trading buy call 3.80
21/03/2017 15:43
shortinvestor77 Agree. It will go up like May bank and Cimb.
21/03/2017 18:30
darrenliew AGREED WITH ABOVE POSITIVE NEWS.
AFTER A BIT MORE CONSOLIDATION PRICE WILL GO ABOVE 3.00.
ALREADY SEEN INCREASING PURCHASES N ACCUMULATION AT 2.92
NOW DOING SOME OWN RESEARCH ON THE COMPARITIVE FUNDAMENTALS AND PRICING BETWEEN AFFIN BANK AND ITS COMPETITORS, CIMB AND RHB BANK.
WILL SHOW THAT AFFIN SHARE PRICE IS CURRENTLY VERY MUCH UNDER PRICED BASED
ON ACCEPTED N RECOGNISED FIMANCIAL RATIOS N BENCHMARKS.
SO FAR TA ENTERPRISE'S FAIR VALUE PRICE TARGET AT RM3.20 IS MORE REFLECTIVE OF
AFFIN'S FUNDAMENTALS AND EARNINGS POTENTIAL.
NEVERTHELESS BASED ON THE VARIOUS FINANCIAL RATIOS N BENCHMARKS, I BELIEVE
AFFIN'S SHARE PRICE SHOULD BE EVEN HIGHER.
RM3.80 HAD BEEN MENTIONED IN THE FORUM. BUT REMEMBER AFFINS SHARE PRICE
HAD REACHED ABOVE RM4 A FEW YEARS AGO. RELEVANT TO NOTE ITS NTA IS 4.47
HOPE TO BE ABLE TO PRESENT MY VIEWS SOON
21/03/2017 20:32
TheContrarian Damn EPF keeps selling.
22/03/2017 16:18
darrenliew Saturday, 18 March 2017
Credit Suisse: It’s time to invest in Malaysia
BY AFIQ ISA


PETALING JAYA: Credit Suisse (CS) said it is now time for investors to put their funds into Malaysian stocks as current valuations indicate that local equities are poised for a strong recovery.

Malaysia has underperformed its peers in the emerging markets due to several reasons, among them being the downward pressure on the ringgit as well the selldown in heavyweight sectors such as banks.

But now, according to CS in an extensive report yesterday, while the 34% decline in Malaysian equities on a dollar-adjusted basis over the past 45 months was warranted, the market bottom may be close at hand.

Calling it as “the ultimate contrarian trade”, the research house outlined 10 reasons to be bullish (see table).

Among them is that Malaysia’s GDP growth may see further upside, thanks to a rebound in commodities. Additionally, the government may have more leeway to increase spending, given its conservative average crude oil price forecast of US$48 per barrel, CS said.

“We believe that the recent stability in the commodity complex we have witnessed the last of the downgrades to near term growth expectations.

“We now expect a pick-up in growth to 4.5% this year (above consensus expectations of 4.3%), driven by public infrastructure projects, commodity-related investments and a boost to rural income from the recovery in rubber prices,” it explained.

image: http://www.thestar.com.my/business/business-news/2017/03/18/credit-suisse-its-time-to-invest-in-malaysia/~/media/6e9e3c3809c94d24a57732dee2661843.ashx?h=432&w=620



Another reason is on the improvement of earnings dynamics among Malaysian corporates. CS points out that at the sector level, the recovery in earnings revisions is led by the energy and mining space.

Additionally, among the larger sectors, consumer discretionary and staples have recovered sharply well into net positive territory with industrials and financials improving to at least neutral levels.

Another key catalyst for the markets is the attractiveness of the ringgit at present levels after significant devaluation.

Although Malaysia’s 15-year trend of a weaker ringgit in real effective exchange rate (REER) terms is justified by the steady erosion of its share of global exports, the 18% REER devaluation over the past three years appears severely overdone, given the relatively modest decline in export share over this period, CS noted.

One prominent beneficiary from the repair in the macro environment appears to be the banking sector, which is a heavyweight component for the FBM KLCI.

The research house said that private sector credit growth had just bounced off a 13-year low at 5.6% year-on-year in January compared to 4.2% in September last year.

“Encouragingly, deposit growth recovering back into positive territory should serve to moderate the pick-up in the loan-to-deposit ratio, which is currently at elevated levels which typically dampens credit extension,” it said.

In light of its market recommendation, CS has picked its top 10 stocks which offer superior dividends and free cashflow yields.

The companies are Malayan Banking Bhd, CIMB Group Holdings Bhd, Axiata Group Bhd, Kuala Lumpur Kepong Bhd, Astro Malaysia Holdings Bhd, British American Tobacco (M) Bhd, IJM Corp Bhd, Gamuda Bhd, Alliance Financial Group Bhd and Malakoff Corp Bhd.

To date, the FBM KLCI is already up by 6.3%. Yesterday saw the largest one-day turnover in stocks since May 2016 with total trading volume of 4.98 billion shares valued at RM5.04bil.

(CALL TO BE OVERWEIGHT ON BANK SHARES)
======================================

(ALSO NOTE THAT AFFIN SHARES IS FUNDAMENTALLY SOUND AND REGISTERING STRONG
=============
EARNINGS RECOVERIES RECORDING 9MTH PROFIT OF RM20M AGAINST RM6M FOR ITS CORRESPONDING PERIOD LAST YEAR.


AFFIN IS ALSO THE CHEAPEST ENTRY INTO MALAYSIAN BANK SECTOR (WITH PRICE TO BOOK RATIO OF ONLY 0.7x COMPARED TO THE CONSENSUS 1.17x applicable for Bank Sector in Bursa)
24/03/2017 14:20
darrenliew COMPARITIVE PRICE TO BOOK (P/B) FOR SELECTED BANK STOCKS :-

AFFIN CURRENTLY HAS THE LOWEST P/B OF 0.64x (SHARE PRICE/NTA WHICH IS 2.88/4.47)
and therefore provides the cheapest entry into malaysian banking sector. Affin has sound fundamentals and registering strong earnings recoveries

RHB'S P/B IS 1.0x

CIMB'S P/B IS 1.11x
24/03/2017 14:53
darrenliew COMPARITIVE PRICE TO BOOK (P/B) FOR SELECTED BANK STOCKS :-

AFFIN CURRENTLY HAS THE LOWEST P/B OF 0.64x (SHARE PRICE/NTA WHICH IS 2.88/4.47)
and therefore provides the cheapest entry into malaysian banking sector. Affin has sound fundamentals and registering strong earnings recoveries

RHB'S P/B IS 1.0x

CIMB'S P/B IS 1.11x
24/03/2017 14:54
Buybuybuy Final dividend (14sen or more)will be announced within this 2 weeks so just buy now before the price increase. Buy call 3.80
27/03/2017 15:31
cend0l where is your source? @buybuybuy
27/03/2017 16:26
i3investorLife Sudden drop of 7sen? What happened?
27/03/2017 19:33
TheContrarian Forced selling of contra players' open position.
27/03/2017 19:49


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