|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Affin Holdings Berhad is a bank headquartered in Kuala Lumpur and operating in Malaysia. Under the name Affinbank, the company provides consumer banking, car hire purchase, mortgages, credit and debit cards, and wealth management. Under the Affin Islamic name, the bank provides Shariah-compliant services to clients. The company offers investment banking services under the name Afiin Hwang Capital, along with securities services and asset management. The majority of the group’s revenue comes from Commercial Banking within Malaysia.
  Bursino The market is dynamic. Irrational. Affin can be a profitable top tier bank, it will take some time to realize. It may or may not happen. Meanwhile make the best out of the present. 😁 01/08/2024 9:01 AM Plantermen A bank profitability really lies on its own ability to tap into the "Casa" deposit base against the spread in the bank's lending rates. With the State backing the capacity to increase its "Casa deposit ` is enormous. Look at PBB operations their huge 'Casa deposit ` is always a plus for their profitability. Not a buy call on Affin just my 2sen own view on Sarawak State share buy on Affin acqusition. Remember in the past Sarawak have 6 local popular bank operating prior to BNM/MOF countrywide merger and consolidation 01/08/2024 10:01 AM klee Sarawak,Johor,Penang n Selangor...the 4 tigers of Msia.Any banks with full backing of any of these 4 will naturally do very well. 01/08/2024 10:25 AM Jonathan Keung Noticed the $3.11 trade. Can be a direct block trade buying for his client account 06/08/2024 10:36 PM Plantermen Sarawak has 4.95% or below the mandatory disclosure holdings of any one party holding > 5.0 %. Premier Abang Johari has make public to acquire 30% stake in Affin Bank. LTAT has inked the MOU to sell part of their stake to Sarawak. The largest shareholders of Affin is LTAT 24% { minus 4.95% sold} HK based Bank of East Asia 23 %. Boustead holds 20%., KWSP 5% and other Glic linked funds holds 2 or 3%. We cannot rule out other friendly based parties to the Sarawak State has acquired more stakes in Affin Bank. It's always a number games to have majority stake in any companies 07/08/2024 8:53 AM Plantermen Not a buy call. Just my own take how the 30% or more is coming from. Please do your research before you buy or invest 07/08/2024 8:58 AM Jonathan Keung Sarawak business tycoons ( timber , oil palm & shipping } are backing for a local Sarawakian bank. They lost 6 Sarawak banks thru the bank consolidation merger and acquisition in the 90's.. They are happily backing Abang Johari for the Affin bank acquisition. 07/08/2024 12:18 PM LubeTrader If not for the boo-boo that occurred about 2 weeks ago and the memorable meltdown on Monday, I wonder how much it's worth now per share. Such are the hurdles it has to endure. 08/08/2024 1:55 PM Plantermen Look at how YTLP perform {never a straight line} on /off pull back. Set your target price and trust your own judgement.. Banks in Malaysia are said to be resilent and closely monitor by BNM.. Stability and most of all risk adverse vs banks operating in UK or EU 08/08/2024 4:14 PM Bursino In Premier we rest our hopes. The Borneo Premier. No, not the Premier products manufactured in Peninsula. 09/08/2024 12:26 PM LubeTrader Plantermen, I understand your explanation. I just that I couldn't accept the self-inflicted damage to the good reputation of the bank. I can't tolerate people labeling it as a 'pump & dump' counter. It's just not. 09/08/2024 12:28 PM LubeTrader Bursino, don't forget to also pray hard no more surprises. Just smooth sailing all the way. 09/08/2024 12:31 PM Plantermen Me too are puzzled why certain individual label it " pump & dump". Reminds me of YTLP in their early bull run { a few individuals keep asking people to sell and dump the shares } from the 2.10.... right to 2.50.....3.50.....4.00..... Now the price is 4. 35 { even after the pull back} 09/08/2024 2:24 PM Bursino Ditto @LubeTrader and thank you. Digress from Affin Artificial Intelligence will be the next big thing in Sarawak. Abundant natural resources and political stability. No earth quakes. Cheap Environmental Friendly Electricity ✔ Clean crystal clear water ✔ Vast tracts of land ( which can be cheap). Already in motion to groom talents - top scholars from Malaya are welcome to pursue their tertiary education in Sarawak FOC. UEC recognised. In fact there should be no worries on talents (unlike in Malaya) because Sarawak controls its immigration. Import from China and the whole ecosystem will be inundated with Engineers. Customs and Culture sensitivities are not an issue, can designate free zones like Dubai. I don't know, but I am invested in some Hornbill companies to preserve and growth wealth for the next 2 generations. 😁 09/08/2024 2:55 PM Plantermen Just to add on Sarawak State is the largest producer of natural gas in Malaysia. Previously sale of natural gas is channel directly under Petronas but now the distribution of natural gas is reverted back to the Sarawak State government under the purview of Petros { the gas aggregrator for the state licensing, distribution and retail} 13 multi national companies have received their licence from Petros. Another 3 more applications is still pending. 09/08/2024 4:22 PM LubeTrader Why is it done on the open market? Not direct transaction at fixed price? Between 11.20 to 11.22am just now, I noticed several blocks of 500k units changed hands. 12/08/2024 11:42 AM Jonathan Keung LTAT sold 4.95% to Sarawak state. Additional 20% comes likely from thier Boustead own shares portfolio. Abang Johari wants 30% stake in Affin. Strong possibility he collecting from the open market 12/08/2024 11:48 AM edithcapital LubeTrader, it's not done in the open market, 20 transactions of 5k lots transacted using otc 12/08/2024 11:54 AM Plantermen Just wait for the official acqusition announcements from Abang Johari. Sarawak and Sabah asking the 35%quota in Parliament. Currently they holds arounds 26 % 12/08/2024 1:45 PM LubeTrader Rally cooling off. Now begins the period of waiting for the signing of the purchase agreement. 14/08/2024 10:31 AM Bursino You good-lah. You can know what is going to happen tomorrow. You should have let us know earlier. Now cannot do anything-lah. 14/08/2024 9:02 PM Jonathan Keung Market overall showing weakness chart wise showing price consolidation 15/08/2024 9:52 AM Bursino I am convince Bursa has peaked. I am putting in motion, actions to mitigate events that in the likelihood will bring about unfortunate consequences. 15/08/2024 10:30 AM Bursino it takes a ความมหัศจรรย์ (kwarm mahat satjan) to breach 1700 by end year as touted by the optimists. 15/08/2024 1:08 PM Jason Lee Chinhan It will get lowered. Better switch to CIMB which more stable day day green green. 15/08/2024 6:24 PM Jonathan Keung Strong pick up on Friday. Hopefully can sustain the price upward momentum 16/08/2024 9:05 PM Jonathan Keung Sustain buying across all 9 banking stocks. The big 4 { MBB+30, CIMB +33 , PB+25 & HLB+55 } all traded higher today. RHB ,Affin, ABMB , Ambank all play catching up. 19/08/2024 4:32 PM Plantermen JP morgan and Goldman sachs { Both the 2 iconic US heavyweights IB } have upgraded Malaysia equity market after 6 long years. This has attracted inflows & a relook in our local market scene 19/08/2024 5:06 PM LubeTrader Too many retail buyers playing contra. Buy solely for capital gain then spread false info hoping for price to drop to buy in again, bragging at each successive cycle. 20/08/2024 12:19 PM Plantermen Market is open. We have day or flip players, short term and long term. Warren Buffet says buy the shares is liking buying the business. Let it grow 20/08/2024 1:39 PM Plantermen The 3 mid tier bank's listed share price on Bursa. Affin at $3.33, Ambank $ 5.01 and Alliance bank at $4.46. In terms of bank assets, network, EPS or loan growth. Affin is quite close to their peer. But when come to share pricing. Affin as a group is a poor cousin vs it's peer. Not a buy call just my own view looking at the statistics 21/08/2024 8:55 AM Bursino Noted. Confidence deficit. A new owner and management can help mitigate long held stigma attached. Continue to hold. 21/08/2024 9:08 AM Jonathan Keung Today Affin bank $3.40 +7 Ambank $5.17 + 16, ABMB $4.47 +1. Still lots to catch up 21/08/2024 1:40 PM  | |
