Bursino

Bursino | Joined since 2020-05-05

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1 week ago | Report Abuse

EPF ceased to be a substantial shareholder. It will no longer require to make announcements on their trades.

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3 weeks ago | Report Abuse

There are no correct answers. Participants are irrational. I trade within a certain band. I cleared my position when it hit 2.20.

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3 weeks ago | Report Abuse

I first ventured into Guan Chong at about 0.70 in 2011. I am still trading within the 1.70 - 2.50 band. Handsomely rewarded. I can say the management team are decent people. Non predatory. They grow their business the organic way. Like any other businesses, there are good times and bad times.

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3 weeks ago | Report Abuse

Will MBSB announce dividends this coming Friday 22/03? Last year it made the announcement on 20/3.

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4 weeks ago | Report Abuse

The price movement can be tricky.

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4 weeks ago | Report Abuse

Affin NTA now 4.73, I assumed no creative accounting in its books. I think it can stand on its own at 0.7x book value, ie 3.31. The pending Sarawak deal may actually be hindering its "true market price" Interested parties may be putting the hand brakes on the price's upward movement.

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4 weeks ago | Report Abuse

Calm. Something is stewing. Added some lots.

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4 weeks ago | Report Abuse

Do these companies pay zakat, in addition to corporate taxes?

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4 weeks ago | Report Abuse

Abang Joe on silent mode.

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1 month ago | Report Abuse

Bro. Fingers crossed. Whatever the amount will be fine. The % varies depending on cost purchase. 😁

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1 month ago | Report Abuse

Collected 26.5 sen cumulative dividends from 2017 onwards.

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1 month ago | Report Abuse

when? how come it is not registered in the top 10 shareholders of MBSB

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1 month ago | Report Abuse

This is a serious allegation.

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1 month ago | Report Abuse

Will the Defence Minister pull the plug?

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1 month ago | Report Abuse

Deal scuppered? Looks like what was certain is now uncertain!

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1 month ago | Report Abuse

Contended.
Grateful to receive anything over and
above 4 sen.

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1 month ago | Report Abuse

Distractions.
LLC has set me into my daydreaming mode. MBSB paid 8.5 sen dividend for FY2022. Assume everything remains the same as FY 2022, add contributions from MIDF, the FY2013 dividends should be wonderful.

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1 month ago | Report Abuse

Dividends 8.5 sen for FY 2022 announced on 20/3/23 and paid 31/3/23. Anticipating a decent dividend payout for FY 23.

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2 months ago | Report Abuse

Go with the flow. ι †ε…Άθ‡ͺη„Ά

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2 months ago | Report Abuse

Literally for a cantonese speaking fella will mean New Year Fast Down πŸ˜„

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2 months ago | Report Abuse

Where is Phileo Allied Bank?

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2 months ago | Report Abuse

Hostile takeover? He better look after HLB watching out for predators!

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2 months ago | Report Abuse

Banks and ownerships of banks in Malaysia are controlled and regulated. Deals are not as straight forward as it appears. I think Affin wil be better off with the "new shareholders"

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2 months ago | Report Abuse

Who are the sellers? There are no announcements from any substantial shareholders on their disposal of their shares?

Posted by Bursino > 1 week ago | Report Abuse

As most of us are aware, the MD announced he intends to deal during close period. πŸ˜ƒ

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2 months ago | Report Abuse

How come KWSP can own 41% RHB?

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2 months ago | Report Abuse

It's now trading at 0.56x PBV. Check how it fares compare with the other Banks.

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2 months ago | Report Abuse

It all depends on your investment, risk appetite and the time horizon. I am a fusion investor.

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2 months ago | Report Abuse

Sir, I don't have an answer to your question.

My simple reasoning. Assuming the deal is done. All official state financial transactions will use the services of Affin. All State owned enterprises will have an account with Affin. All State employees salary will be debited into their Affin Bank account. All Sarawak friendly private companies are encouraged to use the services of Affin. Do you think these increased activities will generate additional profits? Do you think Affin will need to increase its capital? Rights, Bonus Issues and Sweeteners. I don't know. I am holding onto my shares.

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2 months ago | Report Abuse

The Premier said his state has been encouraged by Affin Bank's good performance.

They paid RM1.97 to see the cards and realised the set of cards is definitely worth more than RM1.97.

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2 months ago | Report Abuse

.....whatever remained are mere formalities.

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2 months ago | Report Abuse

Nothing new was said that was not already said other than the 20% stake is inaccurate.

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2 months ago | Report Abuse

I am equally confident.

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2 months ago | Report Abuse

Sir. It is uncouth to label all other speculations as cattle dung. Yours is as much a speculation.

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2 months ago | Report Abuse

Time is the essence and the federal government has provided bridging
loans. Money is no longer an issue.
LTAT is out of ICU and ventilators
taken off. LTAT can do wonders to raise money now
that Boustead and BPlant are taken private.

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2 months ago | Report Abuse

@TheContrarian
Your premise "UMNO will not allow LTAT to sell their controlling interest in Affin." As such you think, at the very best Sarawak will only invest in Affin.
1)BPlant. It was a Bersatu MPs that objected to the deal on LTAT selling their stakes to Non Malays.
2) Why should Sarawak invest in Affin? There are so many other Banks they can choose to invest. And Sarawak doesn't need to invest in Banks in order for the Banks to set up Branches in Sarawak.

My reading, the leaders in Sarawak want a controlling interest in a Bank. It is strategic and fits in with their grand design to consolidate the economic activities, develop and sustain the development of the state.

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2 months ago | Report Abuse

Instincts tell me Affin Bank will declare Bonus issue 1:1. NTA 4.69. Current price hovering at 2.40. Ngam Ngam..

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2 months ago | Report Abuse

Sarawak Government is decoupling and moving towards self sustainability.

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2 months ago | Report Abuse


Reported in 2016
"I propose for the state government to set up its own bank named Bank of Johor.

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2 months ago | Report Abuse

To take it to the extreme, you can even print your own currençy when you owned a Bank. 😁


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2 months ago | Report Abuse

As most of us are aware, the MD announced he intends to deal during close period. πŸ˜ƒ

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2 months ago | Report Abuse

EPF buys and sells everyday. It is pointless to read too much into their trades. EPF is virtually The Banker in Bursa.

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2 months ago | Report Abuse

Minister of Finance can approve share holdings exceeding 20%. πŸ˜ƒ

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2 months ago | Report Abuse

I think the price is not an issue. Can Sarawak get consent from the Finance Minister to hold a stake, a comfortable stake whereby Sarawak can determine how the bank operates.

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2 months ago | Report Abuse

Compounding effect. Capital outlay and dividends combined will grow to double in 10½ years. Possible windfall from price appreciation. 😁

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2 months ago | Report Abuse

No stress. How many people earn more than 6% in the market? Old school people place money in Bank. Bank make 7% and pay depositors 2%. New school people buy Bank shares and let the banks pay them 7%.

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2024-01-17 18:08 | Report Abuse

I am an interested party. I own Affin shares.

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2024-01-17 18:07 | Report Abuse

Like other banks, the price at 3.50 is 0.75x PBV. Affin will see improved earnings with Affin AXA - the non profit contributing insurance arm hived off

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2024-01-17 15:57 | Report Abuse

Lowest price recorded for the last 52 weeks. Record. Blame it on China. 😁