“Quiet" or “noise" is irrelevant to me. I have said before that I believe sarawak will buy more of affin. "Holding a 4.9% stake is meaningless”. https://theedgemalaysia.com/node/663570

Over the years, I invested in Affin and Boustead (privatised now). But I have increased my interest significantly in affin recently after reading all the news reports, circulars on Boustead etc. All the variables just strengthen my conviction that Boustead will have no choice but to sell affin to settle their huge debt.

Beside that, affin is trading at a huge discount to its net assets, widest among its banking peers. 60% discount! Even if my thesis is wrong, I think the margin of safety is there.

yes if drop more, i buy more. been accumulating. i was shareholder of Boustead (BHB). They bought us out at 0.855 per share when the net asset value of BHB for Y2022 was at 1.66 . Within few months, they sold BPlant at RM1.55 , more than double what they "advise" us the value for BPlant (at 0.72) was when they try to privatised BHB (I read the IAC ).

I think LTAT/Boustead will have to sell Affin. They need more funds to settle their debt. Recent 33% divestment BPlant transaction is not enough. I confidently still increase my holding and bet more. Any price drop is good investment opportunity.

In 2007, the state pension fund EPF made a mandatory general offer to all remaining RHB shares after it bought UBG's stake in RHB. That MGO made EPF hold 82%. Then subsequent year , EPF sold 25% to Abu Dhabi, reduced its stake from 82% to 57% . The rest is history. Bank can be "privatised" under FSA , only need approval from MoF via BNM. If Anwar say ok, then it's ok.

I think Tunku will use MAA cash to buy more. He bought Turiya Bhd via MAA. Then got sued. Lawsuit still ongoing.
https://theedgemalaysia.com/article/turiyas-largest-shareholder-gets-injunction-block-maa-pursuing-takeover-offer
https://theedgemalaysia.com/article/turiya-shareholders-reject-tunku-yaacobs-reelection-director

few months ago the company issued 10% of total shares as private placement at 0.054 . We still don't know who subscribe. rationally it will be friendly party to MAA as Tunku still control the board, right? and why would Herr Heeschen go to "war" with Tunku Yaacob if he does not have the number. why go through all the hassle, getting big shot lawyer representing unless there's more than this. this is getting really interesting. afterall, Herr Heeschen is in firearms manufacturing business as reported in the news. Who has more guns? Who will win the boardroom war? * definitely need more popcorn to watch this !*

go get popcorn. :)

so, currently at 250,000,000 shares traded. I think it's MAA that scoop all . At average price of 0.13 it only cost them RM28 million to gather about 6% more shareholding. I think MAA is desperate to control the company as they bought KNM at 0.22 Let's say this is the case, Heeschen Team will need to buy more to oust MAA Team. Vice versa. The buying is not done yet from either side.

with EPF buying, should trade at fairer value soon. Target 2.50. https://klse.i3investor.com/web/staticfile/view/507120

profit margin improved. good quarterly result.

I believe their hotel division will do well too.

https://www.thestar.com.my/business/business-news/2023/08/21/ijm-corp-buoyed-by-strong-showing-across-divisions

i also took some profit just now. but i always have tendency to sell TOO fast. don't be a fool like me. now it's so painful for me to see YTL & YTLPOWER soaring like no tomorrow. oouch. >_<

https://theedgemalaysia.com/node/677973

Sarawak government wants to takeover Bintulu port. https://www.thestar.com.my/news/nation/2023/08/02/sarawak-govt-targets-takeover-of-bintulu-port-maswings-this-year-says-abang-jo

Suria is indeed very undervalued.

Wilmar increased their stakes in 3A . They should just do a takeover offer. Just a drop in the ocean of their balance sheet.

"....potential property beneficiaries among the stocks he covers include Sunway Bhd, which has 1,770 acres of land in Pendas, Johor, Sime Darby Property Bhd, which has 3,100 acres in Pagoh, Johor, and UEM Sunrise Bhd, which has 2,461 acres in Gerbang Nusajaya. "

https://theedgemalaysia.com/node/676412

"....potential property beneficiaries among the stocks he covers include Sunway Bhd, which has 1,770 acres of land in Pendas, Johor, Sime Darby Property Bhd, which has 3,100 acres in Pagoh, Johor, and UEM Sunrise Bhd, which has 2,461 acres in Gerbang Nusajaya. "

https://theedgemalaysia.com/node/676412

why EPF keep disposing?? did the company lose any contract or at risk?

still cheap.

So Kenanga Investors Berhad invest through the funds they managed?

EPF & PNB top up. Soon RM2.50 :)

i have a hunch that Sarawak will increase its stake in Affin. Why stop at 5%. It's known that they wanted to invest in digital banking but did not success in getting the license previously. Affin is their "second option". https://www.theborneopost.com/2022/05/02/swak-has-second-option-abang-jo-says-after-digital-banking-licence-application-rejected/ S’wak has ‘second option’, Abang Jo says after digital banking licence application rejected

if PNB willing to accept the share issue price at 96.52 sen .. that means it's worth more. :)

https://theedgemalaysia.com/edge-tv-detail?id=node/674122

Suria Capital upbeat on FY23 performance.
https://www.thestar.com.my/business/business-news/2023/07/03/suria-capital-upbeat-on-fy23-performance

chua already sold his stake in 2019. https://www.klsescreener.com/v2/announcements/view/90328

The top shareholders list : 1) KENANGA INVESTORS BERHAD 9.92% 364,676,450 2) MAA GROUP BERHAD 7.24% 266,000,000 I wonder who's behind the Kenanga Investors

-40% paper loss.

i was so wrong.

wow. i got f*cked by astro. 😫

still cheap valuation in terms of its price to book value, compare to its banking peers.

20 millions shares traded....been exchanged... I believe it will hit RM1 tomorrow. :P

so high volume. surely not done yet. cant be just one day show. maybe at least 6 concerts.

news reported LTAT already in talks to sell their plantation and/or petrol stations . if succeed i think either those two big transactions will sustain them for quite some time after pare down their debt. If i were them i would keep affin unless the offer is too attractive to ignore, they need to invest in something sustainable which affin fits in. like said, i wish it will be sold at nice valuations. :)

Do you guys know that once upon a time ago, Boustead Holdings a diversified conglomerate (finance, plantation, pharmaceutical, property, trading etc ) used to consistently pay high dividend while having a high gearing ? Not same but you know what i mean...

if you were the chief investment officer in EPF, and were instructed by the Prime Minister to increase your share investment in Malaysia , where would you look into? :)

maybe Alliance takeover Affin? :) the singapore bank being super cash rich is known to love spreading their wings all over SEA. and both are small and need to merge to be more competitive.

https://theedgemalaysia.com/node/672137 kenanga thinks AmBank is the next bank to be part of some M&A activity. i think so too for it being the most likely candidate as its made known that ANZ want to divest their investment in Malaysia. What are the probability you guys think Affin will ever be some takeover target since Affin is so small? Being Affin shareholders, of course I'm just hoping.

they really want a finger in every pie

"... Boustead Holdings is believed to be preparing to dispose of its interest in BPlant and had invited proposals on the sale of its stake two weeks ago.

The Edge had learnt that some of the big names bidding for the stake included YTL Group, Wilmar International Bhd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd — all of whom are already big players in the plantation industry, except for YTL. " https://theedgemalaysia.com/node/671836

a bigger American investment bank Morgan Stanley also bought Media Prima shares previously and i think still holding ... But nothing great came out from there. just for discussion sake and something to ponder.

sold at 50% profit. i know i'll regret it as always. just like ytlpower. u guys should wait. :) Anyway what's so special about UBS being the new shareholder? "Disclosure triggered due to the legal closing of the merger between UBS Group AG and Credit Suisse Group AG and the aggregation of the relevant interest of both companies as upon closing Credit Suisse Group AG ceased to exist and UBS Group AG was the surviving entity." It's a known public info that previously HSBC NOMINEES ASING SDN BHD – CREDIT SUISSE HONG KONG LIMITED held 506,561,781 shares on record dated 22 Sep 2022. Now the merged entity triggered the 5% disclosure threshold.

most if not all would have their own fair share of "i buy too early". u can never time the market. I already kena burnt by acting on "omg how low can sports toto, sp setia get" . it can and it got lower. oouch. lesson : don't be a hero. lol :P

only dare to enter below its net asset value for a diversified business; a conglomerate discount. dividend payout is uncertain.

i wonder who subscribe to the PP ? how come no disclose if a single party subscribe 5% shareholding or more.

maybe they should merge with other small banks like MBSB, BIMB, Alliance Bank, Bank Muamalat . Too small to compete with those big boys. Or those big boys come makan (takeover) these little boys. :P

@DividendGuy67. Bank Islam Holdings undergone a demerger process in 2021 by way of distribution via reduction and repayment to shareholders . Takaful's arm now fully separate. I think BIMB shares is not all time low yet or that very low as you claimed if you factor that in. Correct? I'm not that 100% sure.

very incompetent. thats why they say blue blood is no guarantee of any particular merit, competence, or expertise.

oh no. they rather sell than to wait for the upcoming dividend?