Does anyone know how we can report KevinJ?

Ok let's have a look what's going on in here 0. 0.


Oops still the same hype, maybe come back later..

So much hype around Affin I can't recognise it anymore

@TheContrarian, will there be any market correction on the horizon soon?

@beluga, Affin is a promising stock, but has gone up wildly in very short time. Also, as @TheContrarian mentioned before, the medium term outlook for Affin isn't so bright considering the costs the bank would endure after the Sarawak takeover due to opening new branches etc. Taking all that into account, I believe a price between RM 2 - 2.20 (FOR THE MEDIUM TERM) is a fair price. The long term price shouldn't be below RM3. The only thing going on currently is the nonstop hype and @LubeTrader's "hidden entity" conspiracy theories.. lol

Congratulations to all the diehard Affinians still holding on to the stock. Affin never disappoints.

Personally, I am refraining from buying any stocks until there is a market correction. I believe the market has risen tremendously, and keeping the cash is safer.

@TheContrarian well said.

@TheContrarian, how about the medium term?

Too much volatility I don't recognise the stock anymore lol

When is a final announcement expected?

When will there be a final decision?

Still monitoring.. waiting for the right price.

My outlook for Affin for debate (I could be wrong of course):

We might see prices below MYR2.20 before climbing back again towards MYR3.

I have no plans to buy again unless I see prices below MYR2.20.

Struggling to find other good buys in KLSE

Wow, speculations are running wild lol.

@speakup, religion has nothing to do with Islamic Banking. Many non Muslims and non Muslim institutions invest in Dubai Islamic Bank, Abu Dhabi Islamic Bank and others. Infact, Islamic banking is being viewed as a legitimate alternative type of safe banking that is gaining momentum in non-Muslim societies. It is merely a financial concept despite it having "Islamic" in it's name.

Friends, I am already looking for alternative shares to buy with Affin still on my radar. I am open to suggestions.

@moven00 Agreed. It's all about profit after all.

Thanks all, great points to consider. I already miss having Affin in my portfolio to be honest but I will have to be patient. Good luck to all of us.

@movennu, I respect your view but I disagree that there is a conspiracy against retailers. What happened is consistent with my 25 year experience in share investing. News > price movement > rumours > speculation > price hype > bubble explosion > settlement of price to reflect fundamentals.

@Bursino, that's very encouraging. I have always believed in Affin performance. My question is, the latest price performance justified or is it based on pure speculation. Are we, for example, going to see higher div payouts soon as a result?

The hype about the 3 O'clock announcement today was exaggerated hence I made the decision to sell and lock in profits. Yes, we are witnessing a new era for Affin, but we are still in the very very early days. My humble prediction (I could be wrong) is that we might return to below MYR 2.2 levels and might even touch MYR 2 levels before we proceed to MYR 3 levels. I welcome a good informative debate that can dispute my prediction.

The hype about the 3 O'clock announcement today was exaggerated hence I made the decision to sell and lock in profits. Yes, we are witnessing a new era for Affin, but we are still in the very very early days. My humble prediction (I could be wrong) is that we might return to below MYR 2.2 levels and might even touch MYR 2 levels before we proceed to MYR 3 levels. I welcome a good informative debate that can dispute my prediction.

Thanks TheContrarian. I really do wish all Affin shareholders the best of luck.

@TheContrarian, The saying goes: "Buy on rumour sell on news". The price has shot up alot already to the extent I start to believe the current fundamentals of the company cannot support it. I have an inkling that the price might go down after any announcement, I could be wrong but I am content with the profits I achieved so far.

Dear Affin comrades, for the sake of transparency, I just sold ALL of my Affin shares. Wishing you all the best of luck. If the price goes down to MYR 2 levels I will certainly buy again.

@hhhii123, read above.. I said that earlier. I have been reading Kenanga research for almost 10 years, most of the time it gave weird or manipulated TPs.

We are witnessing the birth of a new era for Affin Bank. Congrats to all diehard Affin investors.

@TheContrarian, As we all know, your words carry a heavy weight amongst Affin investors (at least on this page). Last week, you have been very bearish on Affin and explicitly saying factors point to a lower price ahead, but you quickly flipped to calling for a quick buy. I personally (and I am sure many here) respect your words and I believe you owe us an explanation of what happened.

Wow, great debate!

Glad to see the wider majority investors in Affin can see through it's real value which is way higher despite the disruptive side noise.

I have never trusted Kenanga's TPs. That is after monitoring their research for over 10 years now. As for EPF, the urgency is urgent and cannot wait for any Sarawak deal or a target price. They need the money now, not tomorrow, hence they are selling. If it's a sign for anything, it's a sign that they are desperate. EPF is not supposed to be a daily trader, but a fund.

@TheContrarian, since i have ever known Affin and EPF has always been selling. Nothing to see here

Sarawak's foot is already in the door with it's 5%. 80% the deal will go through at some agreeable price.

Affin keeps on impressing.. one of the best investments I had. Especially the fact that they do DRPs is in itself and added value to the stock. I wish other companies had the same policy.

I had an incling there was still way up to go.. congrats all. Affin is deserving at least MYR 3

Long overdue for Affin's stock movement. MYR 3 should be the minimum, yet here we are. Congrats to my fellow Affin holders, especially those who held the stock for a very long time, and kept on accumulating.

Happy New Year to All.

Happy New Year All.

Already bought 3 times with average price 5.40. Was hoping to buy more at lower prices but RHB shot up. Will wait and see .

I started buying with every drop in price.

Affin goes up and down and no one talks about it.. We small investors have now resigned to the fate small investors don't matter lol. Hoping big shareholders do a good job.

Any expected div? It's important to have div consistancy.

@Ykloh not always good, maybe some use slang which the app can't translate

Hi guys, can you please write in English so all investors (Malay & foreign) can understand the comments?

So happy I dumped this stock on the day of the shoot up. Headwinds are too strong for any gains.

Was hoping for better results so I can start selling. I guess I will have to wait.

Keyword: Overcapacity of steel manufacturing.

"The overcapacity in construction steel in Southeast Asia requires all stakeholders to work together. As at 2021, the capacity of steel production in Asean stood at 75.3 million tonnes, with Malaysia being the third largest producer with a capacity of 16.1 million tonnes, behind Vietnam and Indonesia.

Based on a South East Asia Iron and Steel Institute (SEAISI) analysis, the steel production capacity in Asean is expected to balloon to 147.2 million tonnes by 2026 as a result of the influx of foreign steel investments into the region, especially those from China.

This can be an issue of concern as we see a slowdown in the construction sector and the subsequent reduction in demand for steel from China. The capacity of China-owned steel firms in Southeast Asia is intended for export to China."

Yes the price of MYCRON might steel go up in the short term, but you will be like a Salmon fish trying to climb a waterfall.
https://theedgemalaysia.com/node/689847

Sold