AFFIN BANK BERHAD
KLSE (MYR): AFFIN (5185)
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Last Price
2.48
Today's Change
-0.04 (1.59%)
Day's Change
2.48 - 2.51
Trading Volume
1,938,300
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
2 people like this. Showing 50 of 3,914 comments
Obviously BNM dragging its feet because the offered price is too low. I'm sure many of you have noticed by now, Affin's head honchos are buying their own company's share. It's not uncommon I know but acquiring now? What does this indicate? Interesting nobody is talking about it.
1 month ago
The head honchos got the shares at cheap, cheap price of RM1.86, who doesn't want?
1 month ago
https://www.klsescreener.com/v2/news/view/1301723
Hope they can sign off deal sooner.
1 month ago
Affin active today with lots.of buyers. will the deal with Swak be announced soon..anyone can share.
1 month ago
Door gifts at AGM seems to be the prerequisite for attendance. I think the meeting takeaways are what we're after.
1 month ago
Mohamed Khalid confirmed that Boustead Holdings Bhd, which has been taken private by LTAT in June 2023, will sell its stake in Affin Bank Bhd to the Sarawak state government, although he did not clarify the quantum of the stake that will be divested.
He said the deal is currently pending Bank Negara Malaysia’s (BNM) approval.
“We will proceed with that (stake sale). We are just waiting for the approval from BNM. Not LTAT, but LTAT's subsidiary Boustead. LTAT will still remain in Affin Bank,” he said, confirming that LTAT will retain its stake in Affin Bank.
1 month ago
There's a possibility that Sarawak will be paying something like RM3 per share for the deal to go through.
1 month ago
During Hari Raya on 10th April Abang Jo said that approval from BNM within 2 weeks.
1 month ago
Sarawak will be paying approximately RM1.4 billion to increase their stake in Affin. What is unknown at the moment is this RM1.4 billion is for how many percentage in Affin. If it's for the whole 20% held by Boustead then the price tag is around RM3 per share.
1 month ago
Good luck TheContrarian. I am still waiting for lower prices, hopefully after the hype ends. Adopting a "Cash is King" strategy.
1 month ago
Personally I think 2.40 will be the floor price in the near future because that's the minimum price LTAT will sell to Sarawak.
1 month ago
On 10th April during a Raya function Abang Jo said Bank Negara approval within 2 weeks. The 2 weeks is coming to an end soon. Something that was apparently done and dusted back in December is taking a longer time than expected.
1 month ago
March 26, 2024 at 08:34 am EDT
Share
AFFIN Bank Berhad proposed single-tier final dividend of 5.76 sen per ordinary share in respect of the financial year ended December 31, 2023.AFFIN Bank Berhad Proposes Single-Tier Final Dividend for the Year Ended December 31, 2023
1 month ago
Sorry but can anyone enlighten me on why Sarawak don't organically apply for a license and build a commercial bank of their own?
1 month ago
@Littleprince, it takes time to build. And if the pricing is right, why not purchase a ready commercial bank? It saves time, and you can also calculate your budget. Just like why you buy a ready made house by developer instead of building your own house.
1 month ago
Quoting report:
Financial weekly "The Edge" quoted people familiar with the matter as reporting that at this stage, the Sarawak state government is seeking approval from Bank Negara to increase its existing shareholding, which is 4.8%, to about 30% in one fell swoop.
It is understood that Sarawak intends to nominate Tan Sri Abdul Aziz Hussan, chairman of its economic development agency, to serve as chairman of Affin Holdings.
Sources said that it is still unclear whether this will be achieved, but Bank Negara Malaysia prefers that Affin Holdings have an independent chairman.
1 month ago
BNM is uneasy about not having an independent chairman for transparency reason. Let's hope they can clear this stumbling block soon.
1 month ago
The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah in attendance.
Chairman thanked all the investors, customers, and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism, and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.
1 month ago
Anybody knows if there was a door gift announced for people who registered or voted?
1 month ago
There are more pressing matters to attend to, like vote, understand the financial position and future direction of the bank than door gifts. Why is it so important? Are you a collector?
1 month ago
Affin is consolidating too long, there's no clear direction going up or going down.
4 weeks ago
April coming to an end and still Sarawak has not been given approval to increase their stake in Affin.
4 weeks ago
KUCHING, May 2 — The Sarawak government is still waiting for approval from Bank Negara Malaysia (BNM) to acquire a majority stake in Affin Bank Malaysia, said Premier Tan Sri Abang Johari Openg today.
3 weeks ago
Abang Jo wants to take control of Affin buying so little and paying so little.
2 weeks ago
Looking at the last 5 target price estimates, the highest is 2.25 and the lowest is 1.70: I suspect that after the dust settles from Sarawaks transaction there will be blood spilled from an over sell. Many fingers could be burned
1 week ago
Already mid-May still no approval for Sarawak to buy Affin. Seems like hot air from Abang Jo.
1 week ago
There's a 50% chance that the Sarawak proposed acquisition of Affin will be called off. Pity Abang Jo.
1 week ago
I am there at the bottom of the tree with my bucket wide open waiting for the fruits to come falling..
1 week ago
Wake up ....don't get your fund stuck here for too long. Lots of profit$$$$$$$ in many other counters
1 week ago
@EngineeringProfit.. I have looked all over the market but prices have skyrocketed. I am playing the patient waiting game.
6 days ago
May 22 — Sarawak Premier Tan Sri Abang Johari Openg today said that European Union (EU) countries have indicated their interest to set up an EU bank in Sarawak to provide a source of funding for green investments in the state.
🤣🤣🤣
4 days ago
IBs give sell call as affin PER is 14x plus plus....when most banks are at about 10x PER.... or below :-) happy hunting
3 days ago
Affin price will not likely to dip below 2.40 because that's the minimum price LTAT selling to Sarawak.
2 days ago
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TheContrarian
Bought Affin at 2.45 today.
2 months ago