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Last Price Today's Change   Day's Range   Trading Volume
1.40   0.00 (0.00%)  1.40 - 1.41  192,800
2,398 comment(s). Last comment by BursaSentinel20 at Sep 14, 2020 11:24 AM
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RedEagle
3085 posts

Posted by RedEagle > May 26, 2020 10:21 AM | Report Abuse

Decide after announce Q2 then wait until Q3, buyback after Q4.. 2020 will be losses to all banking and financial institutions. Monatorium Impairment comminggg..


stockraider
18137 posts

Posted by stockraider > May 26, 2020 11:37 AM | Report Abuse

Why bank will do well despite poor economics condition ??

People are saying banks will suffer from sub prime loan, interest morotarium, interest cut etc....but do u know bank is a defensive investment leh ??

Why leh ??

1. U borrow from the bank the bank ask u about your income, then they ask u to put 20% to 25# of deposits on the assets b4 the bank will lend u loh..!!

2. After u have been servicing your loan for sometime, suddenly u got hid by mco....u got pay cut....u appeal the bank to restructure your loan portfolio ?
The bank will look at your loan with security coverage 1.4 to 1.0...he will say yes restructure your loan but u must sign this and that and pays your instalment longer...that means longer term repayment...u actually more interest....the bank make monies mah...!!

3. Say after another 6 mths your company bungkus and start retrenching...u get some retrenchment monies say 6 months of your salary...u again approach the bank for help. The bank ask u how much cash you have and how much u can contribute loh ??
U show the bank your retrenchment monies...the bank say ok u contribute 30% of your monies...they will give u a instalment holiday for 3 months then 3 months later u start a new instalment plan at 25% lower from existing instalment....that means your loan is extended longer another few more years. For the banks still make monies from u loh..!!

4. 6 months later u approach the bank again...u tell them u cannot...tahan servicing...u still have not get a job...the bank say will give u 3 months grace...but will charge u penalty interest..after that they will lelong your property.

5. U run around borrow from father, mother, brother, sister u pay the bank all the interest and instalment in arrears including penalty interest loh...!!

6. U still keep up servicing your instalment...but sometime behind 1 to 2 month instalment....when it hit 3 mths the bank give u lawyer warning letter threathening to foreclosure. But u cannot afford to pay...so the bank lelong your properties........they recover principal...rm 300k, interest plus penalty interest rm 40k and legal and lelong fees of rm 15k.....all charge to your account....after offsetting your property proceeds....there is a shortfall of rm 20k....the bank still sue u personally for the balance with interest.
U meet the bank....the bank says u pay rm 600 every month...the interest pa is 7.5% pa...u already get a lower pay job now staying with parent..so u continue payment....notice the bank still make monies from u loh...!!

7. Thats is how banking model work mah...u need to die 1st b4...the bank suffer loh...


stockraider
18137 posts

Posted by stockraider > May 26, 2020 11:38 AM | Report Abuse

Looking at the bank model....as a bank shareholders, u r safe and very happy loh...!!

Everybody work hard paying for the bank loan 1st mah...!!

After your hardwork u really still cannot pay...the bank sell your assets mah..!!

But after selling your assets, they still go after u for any shortfall loh...!!

U still need to repay the lower balance shortfall with higher interest rates by instalment bcos it is unsecured loan loh...!!

U like this type of business or not leh ??

Warren buffet like this very much mah...!!


RedEagle
3085 posts

Posted by RedEagle > May 26, 2020 12:46 PM | Report Abuse

6 months impairment morotorium and lesser cashflow opportunity to generate income for Bank, will impact banking sector profit in 2020


Perfectinvestor
154 posts

Posted by Perfectinvestor > May 30, 2020 8:33 AM | Report Abuse

Good results compared to other banks


stockraider
18137 posts

Posted by stockraider > May 30, 2020 1:39 PM | Report Abuse

Raider macro analyses on banks sector are working loh...!!

$$$$$$$$$$$$$$ coming mah.....!!


alvin5588
259 posts

Posted by alvin5588 > Jun 3, 2020 1:04 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/06/03/affins-net-interest-income-growth-likely-to-be-subdued?fbclid=IwAR3nWLSnDqKg9LGO9tnqZmVEHWpPQg-yQV2rtEBswcuC_Z1tbwoX0JkjFjY


shareinvestor88
2465 posts

Posted by shareinvestor88 > Jun 6, 2020 11:14 PM | Report Abuse

Q2 will be losses , better sell TP 1


cn21
290 posts

Posted by cn21 > Jun 9, 2020 4:02 PM | Report Abuse

Banking industry outlook is negative....
1. Lost of 6 months interest income
2. lower BLR
3. Potentially higher NPL...
4. overall real economy is extremely BAD..


Cryptotrader
511 posts

Posted by Cryptotrader > Jun 15, 2020 12:36 AM | Report Abuse

You hv to remember that stock brokering biz make killing profit.... The profit will be reflect in next Q result...


Cryptotrader
511 posts

Posted by Cryptotrader > Jun 15, 2020 12:37 AM | Report Abuse

Many ignorance just don't know. Next QR will be explosive...


waikee
57 posts

Posted by waikee > Jun 28, 2020 6:30 PM | Report Abuse

NPL explosive...


shareinvestor88
2465 posts

Posted by shareinvestor88 > Jul 2, 2020 12:15 AM | Report Abuse

Explosive , yes bye at 1


firehawk
3312 posts

Posted by firehawk > Jul 21, 2020 10:43 PM | Report Abuse

ank stocks are safe, but u must consider the timing too ..... that is holding cost .... surely u want yr money can work as efficient as it can ...... don't be too self ego, below is a good example!

------------------------------------------------------------------------------
Icon8888 I am in

this stock is slow, but almost impossible to lose money at this level
11/01/2019 12:51 PM

==> on that day, the price was 2.22 and she said impossible to lose money at that level !
----------------------------------------------------------------------------------------

Icon8888 Every laggard will have its day
18/01/2019 11:14 AM

==> she didn't wait for the day comes, bcos she cut loss already !
----------------------------------------------------------------------------------------

Icon8888 My cost 223
28/04/2019 8:16 AM

Icon8888 Safe to buy

Upside don't know how much but downside limited
26/04/2019 11:00 PM

==> Safe to buy @2.19 !!!

---------------------------------------------------------------------------------------
Icon8888 No run

Dumb dumb hold
13/11/2019 7:56 PM

==> she run already and asked her followers Dumb Dumb hold!
==> she never told her followers she had already cut loss, just don't care!


stockraider
18137 posts

Posted by stockraider > Jul 21, 2020 10:48 PM | Report Abuse

This is the cheapest bank in town...NPL increase or no increase Affin will ride thru mah...!!

Very good long term investment especially low deposit interest rate loh...!!

LTAT & Boustead restructuring should benefit affin loh...!!


cheated
770 posts

Posted by cheated > Jul 22, 2020 4:16 AM | Report Abuse

TG, Superman, gloves stock not Affin goreng?


MichelleNg
237 posts

Posted by MichelleNg > Jul 22, 2020 6:25 AM | Report Abuse

After TG meet Affin Huang TP RM44. Will use RM2 profit to support AFFIN.


aklobi
110 posts

Posted by aklobi > Jul 23, 2020 6:32 PM | Report Abuse

So many doom and gloom scarecrows here. I am AN INVESTOR. Meaning I DONT CARE IF THE STOCK GOES DOWN. And yes, I am considering BUYING again.


Maybank8
26 posts

Posted by Maybank8 > Jul 24, 2020 9:53 AM | Report Abuse

Run by crook staffs so cheap?


Maybank8
26 posts

Posted by Maybank8 > Jul 24, 2020 9:54 AM | Report Abuse

Next round bank merger Affin pls close shop.


Maybank8
26 posts

Posted by Maybank8 > Jul 24, 2020 9:57 AM | Report Abuse

TG RM 100 cheat kids?


Vloomverk
24 posts

Posted by Vloomverk > Aug 5, 2020 12:37 PM | Report Abuse

all so berani when the bank's rating is downgraded by RAM


newbie5354_
749 posts

Posted by newbie5354_ > Aug 15, 2020 5:39 AM | Report Abuse

Why LTAT sold? Bank money used to pump gloves stocks?


RedEagle
3085 posts

Posted by RedEagle > Aug 18, 2020 8:44 PM | Report Abuse

QR announcement why so late? Lower profit due to Modification Loss?


RedEagle
3085 posts

Posted by RedEagle > Aug 23, 2020 1:34 PM | Report Abuse

Jack Ma once said, 'When Selling to close friends and family, no matter how much you're selling to them, they will always feel you're earning their money, no matter how cheap you sell to them, they still wouldn't appreciate it.'
There will always be people who do not care about your Costs, Time, Effort, they rather let other people cheat them, allowing others to earn, then supporting someone they know. Cause in their heart, they will always be thinking, 'How much did he earn from me?' instead of "How much did he SAVE/MAKE for me?"This is a classic example of a poor person's mentality!

Jack Ma on Sales: 'When doing Sales, the first people who will trust you will be Strangers, Friends will be shielding against you, fair-weather friends will distance from you. Family will look down upon you.'

The day you finally succeed, paying the bill for every get-together dinner, entertainment, you will realised: Everyone else is present except the Strangers.


TheContrarian
5877 posts

Posted by TheContrarian > Aug 23, 2020 7:08 PM | Report Abuse

Bought Affin at 1.50 last week.


michaeso
40 posts

Posted by michaeso > Aug 23, 2020 8:22 PM | Report Abuse

Good


michaeso
40 posts

Posted by michaeso > Aug 23, 2020 8:23 PM | Report Abuse

Good buy


michaeso
40 posts

Posted by michaeso > Aug 23, 2020 8:23 PM | Report Abuse

Can buy


TheContrarian
5877 posts

Posted by TheContrarian > Aug 26, 2020 7:16 PM | Report Abuse

Bought more Affin at 1.46 today.


Liewkl198
1 post

Posted by Liewkl198 > Sep 1, 2020 10:14 AM | Report Abuse

Good


aklobi
110 posts

Posted by aklobi > Sep 3, 2020 3:29 PM | Report Abuse

TheContrarian.. Has the share price absorbed the possibility of lowering interest rates next week or might it fall further?


ivan9511
3775 posts

Posted by ivan9511 > Sep 4, 2020 3:13 PM | Report Abuse

Follow Sifu thecontrarian in Affin now.
Now sifu thecontrarian one 90% can earn money example mnrb mlab osk all cantik best of the best.
And remember Tropicana now only 86.5sen but Tropicana this time results best of the best
High revenue and nta
As we know many good company property's this time results no good
But if you compare Trop results we will know Ko many many good company
Even ioi simepro uems sp mkh cresdo plent pmc mkl bjc lbs and many many all eps can no fight Trop
Trop as I personally feel like Affin and Ambank on Bank sector must try to look


ivan9511
3775 posts

Posted by ivan9511 > Sep 4, 2020 3:20 PM | Report Abuse

Besides Tropicana another you can see ioip this is second best after Tropicana


aklobi
110 posts

Posted by aklobi > Sep 4, 2020 3:43 PM | Report Abuse

Bought today 1.45


TheContrarian
5877 posts

Posted by TheContrarian > Sep 4, 2020 7:26 PM | Report Abuse

aklobi, Affin will be issuing dividend in the form of shares at issued price of 1.36 in lieu of cash to shareholders and some of these shareholders are selling now for the extra 9-10 sen. Note that EPF has been accumulating Affin shares recently. Whether interest rate comes down or goes up banks will always make money. I was trying to buy at 1.44 today but not done.


TheContrarian
5877 posts

Posted by TheContrarian > Sep 4, 2020 7:30 PM | Report Abuse

ivan9511, have been taking profits on MNRB this week, still have balance to sell next week if price continues to go up.


aklobi
110 posts

Posted by aklobi > Sep 4, 2020 8:38 PM | Report Abuse

TheContrarian, I initially put order to buy at 1.41 just in case but changed it last minute when I saw the price stable to 1.45.


TheContrarian
5877 posts

Posted by TheContrarian > Sep 4, 2020 10:07 PM | Report Abuse

Price stable probably because EPF accumulating. Some weak shareholders are selling and hopefully the selling dries up soon. I will try to buy at 1.45 on Monday.


Moratorium
29 posts

Posted by Moratorium > Sep 6, 2020 11:59 AM | Report Abuse

Hi Contrarian, seems like we have almost similar pickings. I also have MNRB and Affin...


TheContrarian
5877 posts

Posted by TheContrarian > Sep 6, 2020 1:13 PM | Report Abuse

Both Affin and MNRB are low P/E, high NTA, cannot lose money if you buy at deep discount. I was earlier accumulating MNRB from 69.5 sen until 83 sen, now I am taking profit on MNRB and using the proceeds to accumulate Affin.


Moratorium
29 posts

Posted by Moratorium > Sep 6, 2020 5:36 PM | Report Abuse

I think MNRB can go higher, will decide after the AGM... Wait and see now, maybe next month is a good time to buy banks. See how after the moratorium ended


ivan9511
3775 posts

Posted by ivan9511 > Sep 7, 2020 1:30 PM | Report Abuse

People who buy mnrb and Affin at lowest is best of the best traders here all sifu
Because now goreng mode is over like Mlab mui pm all goreng done over now what ?
Of course look back to super power defend good company like example: Affin Mbsb Trop ioi cintek Taan Wangzng Slp OSK Sime Ambank Bimb tenaga Gasm HlF Hlb hupseng biscuits, litrak Ksl Asiapac Mkland toto .
I MENTIONED ABOVE ALL PRICE IS NEAR LO WEST
MBSB AFFIN OSK TROPICANA BIG 4 MUST TRY TO SEE AND CHECK AGAIN


TheContrarian
5877 posts

Posted by TheContrarian > Sep 7, 2020 6:55 PM | Report Abuse

Bought Affin at 1.44 today.


sharewiz118
552 posts

Posted by sharewiz118 > Sep 9, 2020 11:53 AM | Report Abuse

drop to RM 1.42 today LoL


aklobi
110 posts

Posted by aklobi > Sep 9, 2020 3:35 PM | Report Abuse

Will buy again if goes below 1.40


TheContrarian
5877 posts

Posted by TheContrarian > Sep 10, 2020 4:12 PM | Report Abuse

Bought Affin at 1.41.


BursaSentinel20
11 posts

Posted by BursaSentinel20 > Sep 14, 2020 11:24 AM | Report Abuse

Hopeless bank. 3-4% ROE expected in the coming years. The bank might as well just sack everyone and liquidate everything and just buy bonds might get better ROE.

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