Good Morning Affinians! Such a lovely day!

@Peace99 I always tell my broker to do it on my behalf

@kitmanworld, The book value for Affin is 4.66 per share. The stock is worth much more than current price.

https://www.google.com/amp/s/uk.sports.yahoo.com/amphtml/news/those-invested-affin-bank-berhad-043007487.html

@TheContrarian, That's where I disagree with you.. Affin has bigger potential after the dividend, don't you agree? I think everyone is looking past the dividend.

TheContrarian, the question should be: Why is EPF buying at this price?

TheContrarian: So quite here = Maybe I shouldn't have sold early. Just a tease bro wink wink

I'm in for the long run, been buying for 7 years, never sold and won't sell below 4

TheContrarian: 2.5 million shares have been sold and the price is still holding up means alot. EPF is a distress seller and buyers are bargain hunters. Once the distress seller stops selling, guess where the price would go?

Investors! Keep Affin for the long haul. In my opinion It's not for sale below 3.

Seems there are lots of vultures awaiting to buy a dying Affin. To no avail.

Latest Kenanga research states expected 2023 Book value per share is around 5.07.

To all the doubters, the purchase of Affin CEO of Affin shares (at these prices) should be A huge boost of confidence in the share. Rm3 shouldn't be impossible within 12 months.

@hng33, do you have a source?

@TheContrarian, The bigger banks didn't tick all the boxes I mentioned above, at the time. I was looking for higher potential.

@TheContrarian, where are we heading?

7- low pe ratio

@Jonathan Keung, it ticks so many boxes:
1- A bank
2- Islamic
3- Backed by a strong institution ( Malaysia Army I think)
4- Profitable
6- Potential for takeover with a strong book value (more than double the last time I checked).
Nothing to dislike. Correct me if I am wrong. Add points as you see fit

@TheContrarian, I am a Saudi Arabian currently living in London. I've been buying Affin since 2014.

@redhotpepper: i read it somewhere and I could always be wrong as I am not in the midst of the market in Malaysia and I don't speak Malay. Seems you're still sour when I was right about the "resistance" comment and the fact the share price shot from 1.86 a month ago to 2.05 today. If you want to be grumpy, by all means be grumpy, but with someone else.

50 cent per share special dividend will be declared some time in the near future. I think the price will gradually rise towards then.

Eid Mubarak to all! Let's pray to Allah that the price will be above 3 next year ;)

REDHOTPEPPER: Still questioning Affin's resilience?

Not gone below drp..

Affin is showing resilience

I love Affin bank.. it's showing the middle finger to those fake doomsayers

@Markv, ok you sold! Go away! Why are you still here?

Must exceed 2.25 before ex date on 9th June, and could touch 2.30

I would like to see the price lower, so I can get reinvestment price lower. I BELIEVE IN THE LONG TERM POTENTIAL, NOT SHORT TERM.

It's nice to see the largest stakeholder (LTAT) advocating hard for the interest of all shareholders, including us. I personally am not looking to receive cash, but to reinvest. Can anyone guess the price of the share reinvestment from div proceeds?

A fair price in my opinion is 2.50. The potential to reach 3 within 1 year is not impossible

TheContrarian, when is the AGM and expected payment?

Here we go, lift off began

Thanks TheContrarian.. and the answer is?

LouiseS, English please? Maybe just a summary

This bank is by all standards a great bargain..

Congrats guys, keep it up.. not selling at these prices.

Thanx for the update TheContrarian.. I am in Affin until "they" buy me out at the RIGHT PRICE.

Shortinvestor77: reality kicked in.

Anyone has info on possible dividends?

Shortinvestor77, of course the sale of the insurance company would lead to whole different prediction.

What is your expected div this year? I think Not more than 5

BlackWhite.. A temporary drop for a strong bank is not a big deal.. On the contrary, I would buy more if it drops further

TheContrarian, I diversify into different countries, not counters ;)

My long term target is above RM3 for Affin

Honest answer = good answer

TheContrarian..There seems to be a sudden burst of positive news about Affin.. Let's say a RM 3 target maybe achieved within 1-2 years.. Is that a reasonable estimate?

Toot tooooooot! The train is pulling away from the platform..

Good luck to those who stayed behind :)

TheContrarian.. Nope.. My broker.. We're in constant contact.

DRP