Saudi Investor In Malaysia. I ask all fellow investors to write in English so everyone can understand. Please inform me about more investor related chat room/ real face to face meet opportunities.
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1 month ago | Report Abuse
Lots of fingers have been burned on Friday.
1 month ago | Report Abuse
Someone is playing a game, leaking news to manipulate the stock pump and dump.. This isn't healthy for Affin at all.
1 month ago | Report Abuse
Congrats Affinians!
However,
Since January, 9 Investment Banks have researched Affin Bank. All 9 banks have given a SELL target price, yet Affin continues to climb due to the Sarawak intention to buy. In my opinion this is an unhealthy hype that will drop sharply after the purchase is finalised.
2 months ago | Report Abuse
I have said this before, IBs are all calling for a SELL. The price is too hyped due to Sarawak news. Once it no longer is news but fact, the price in my opinion will dip.
2024-05-20 13:50 | Report Abuse
@EngineeringProfit.. I have looked all over the market but prices have skyrocketed. I am playing the patient waiting game.
2024-05-18 19:31 | Report Abuse
I am there at the bottom of the tree with my bucket wide open waiting for the fruits to come falling..
2024-05-13 03:24 | Report Abuse
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
2024-04-20 12:03 | Report Abuse
Good luck TheContrarian. I am still waiting for lower prices, hopefully after the hype ends. Adopting a "Cash is King" strategy.
2024-03-27 11:05 | Report Abuse
Does anyone know how we can report KevinJ?
2024-03-22 02:08 | Report Abuse
Ok let's have a look what's going on in here 0. 0.
Oops still the same hype, maybe come back later..
2024-03-04 17:07 | Report Abuse
So much hype around Affin I can't recognise it anymore
2024-02-26 05:19 | Report Abuse
@TheContrarian, will there be any market correction on the horizon soon?
2024-02-25 16:57 | Report Abuse
@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
2024-02-21 13:53 | Report Abuse
Congratulations to all the diehard Affinians still holding on to the stock. Affin never disappoints.
2024-02-17 16:56 | Report Abuse
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.
2024-02-06 15:15 | Report Abuse
@TheContrarian, how about the medium term?
2024-02-06 13:36 | Report Abuse
Too much volatility I don't recognise the stock anymore lol
2024-02-05 12:58 | Report Abuse
When is a final announcement expected?
2024-02-05 12:17 | Report Abuse
When will there be a final decision?
2024-02-05 12:07 | Report Abuse
Still monitoring.. waiting for the right price.
2024-02-03 00:37 | Report Abuse
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.
2024-02-02 17:28 | Report Abuse
Struggling to find other good buys in KLSE
2024-02-01 22:40 | Report Abuse
Wow, speculations are running wild lol.
2024-01-31 16:24 | Report Abuse
@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.
2024-01-31 13:43 | Report Abuse
Friends, I am already looking for alternative shares to buy with Affin still on my radar. I am open to suggestions.
2024-01-31 01:15 | Report Abuse
@moven00 Agreed. It's all about profit after all.
2024-01-30 22:38 | Report Abuse
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.
2024-01-30 21:27 | Report Abuse
@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.
2024-01-30 20:34 | Report Abuse
@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?
2024-01-30 19:14 | Report Abuse
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.
2024-01-30 19:14 | Report Abuse
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.
2024-01-30 14:54 | Report Abuse
Thanks TheContrarian. I really do wish all Affin shareholders the best of luck.
2024-01-30 14:43 | Report Abuse
@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.
2024-01-30 14:31 | Report Abuse
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.
2024-01-29 21:09 | Report Abuse
@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.
2024-01-29 15:27 | Report Abuse
We are witnessing the birth of a new era for Affin Bank. Congrats to all diehard Affin investors.
2024-01-29 13:28 | Report Abuse
@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.
2024-01-27 13:10 | Report Abuse
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.
2024-01-26 23:50 | Report Abuse
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.
2024-01-26 18:06 | Report Abuse
@TheContrarian, since i have ever known Affin and EPF has always been selling. Nothing to see here
2024-01-24 23:27 | Report Abuse
Sarawak's foot is already in the door with it's 5%. 80% the deal will go through at some agreeable price.
2024-01-19 15:14 | Report Abuse
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.
2024-01-17 17:45 | Report Abuse
I had an incling there was still way up to go.. congrats all. Affin is deserving at least MYR 3
Stock: [KOTRA]: KOTRA INDUSTRIES BHD
2 weeks ago | Report Abuse
Bought last week @3.92