BA is not an asset company la.. asset is just accounting. what's important is the cashflow and debt outstanding. as long as Cashflow is strong why worry abt asset. I rather BA write offball asset one time and just collect money without anymore depreciation.
even company got asset and no cashflow who wants. BA earned 1.5B cashflow in 2023.. isn't that good enough?

look at cashflow

#durian jatuh.. on the same page 51 ... u have operating expenses. u didn't see ah. no operating expense how to run business.

net income for banks are income from lending less deposits..
operating exp is staff cost ect..
then only u have profit..in this case without other income its a loss.

unless MBSB don't have operating expense... I wonder how.. pls see page 3 of main financial statement.

operating profit 173M, Other income/MIDF merger income 356M .... total 529M... less operating expense 237M.. income for Q = 302M

https://theedgemalaysia.com/node/702582

mbsb profit high due to one off gain of 350M from acquisition of MIDF or else it would have lost money.

will affin declare a special Dividen before the takeover from Swak?

hope THPlant can match UPlant or KMLong or Far East, or worst case Sime Plant's Yield..

UP doesn't publish Q4 results. It will b in their annual report which will b out by end of the month.

Good luck #Calvin... hence the yield of THPlant is great. enjoy ur ride.

TH Plant has UGLY estates on Swamp Land in Sarawak, need to take sampan to collect FFB. Don't know how you can say its same.

BPlant most estates in Semenanjung. All old estates near development.

#beluga, thank you for your explanation and clarification. let's all hope for the highest price possible for Affin, which may force Swak to work hard on their huge investment.

#GSK, today banks don't trade at premium to book coz of lots of Toxic assets/book. even US banks trade at discount to book. Affin is know to have toxic assets which doesn't provide any returns, hence it has been trading a huge discount. one way is to write down the toxic asset and do a deal. which will mean the book value will drop...
I have been hoping for 0.65 to 0.75 times book. or abt 3.20 per share.
LTAT also knows that Affins book is toxic.

tq Niki

breaking past high of 58.5 is already a good sign. keep fingers crossed for an uptrend chart.

63 is next resistance.

highest level since Karken issue.

not reinsurance but takaful bz. MNRB name only reinsurance but their takaful bz is what is growing leaps and bounds

Etika to be injected into MNRB?
MNRB to be insurance subsidiary of Maybank?

extension period is free money for BA. no loan and no depreciation charges... almost as good as profit less OPEX

long term holders, pls buy BIMB but not for short term play as we don't know the Rights Issue impact. BIMB is strong hold for long term.

BIMB is most under rated. they grew too fast but may have capital adequacy issue soon if they keep growing at 15%. Good problem but may require a rights issue, hence the weight on the stock.

tq Niki for the insight.

Gong Xi Faa Cai... bet big on Genting and you will make a fortune.

Brent, once above 80, will be on uptrend again.

the last time #Contrarian said "quickly buy" sarcastically, price moved up to 2.60 levels... Will it happen again?

tq #beluga

another 16 market days to go.

https://www.malaymail.com/amp/news/malaysia/2024/02/05/sarawak-to-have-own-commercial-bank-by-end-february-says-premier/116451

After delist all the project go to major shareholder. don't need anyone to report to. now company already too messy. might as well delist like Serba Dinamik.

go see Rapid list of properties... even food court stalls are part of their asset.

woi #titan buta ka... U compare one of world largest Glove player vs Rapid. go dig hole and Bury ur head la..

BAs contract DCR is not based on oil price.

relax la. price should be btwn 0.65 to 0.75 times book. Still got money to make. enjoy.

sorry, guys. let's hope for a better week next week. anyway, it's still on uptrend technically. so let's hold on tight. The ship will sail again. Better I stay quiet. have a good weekend.

Hahaha... sorry if I JINXED BA...

finally it's not tracking Brent or Crude price based on today's market action.

for giving up control of a Bank, LTAT can't sell cheaply , and they will end up like BPlant... makan the shares back.

#aklobi... enjoy ur profits ya. I will hold on for the GO, hopefully.

if Swak wants to do anything or ask anything, it must be this time. better ask for 51% vs just 20%

consolidating at this level... once pick up steam will run.

#aklobi.... he was just being sarcastic to my post... he didn't mean it. anyway, we all respect TheContrarians view as his points are valid, too based on public info.

https://theedgemalaysia.com/node/698883

mtg to brief Swak tomorrow?

Few things for BNM to consider in allowing Swak to take above 50% in Affin are
1) is it better keeping Affin in LTAT or Swak
2) is it worth keeping BEA in Affin as major shareholder above 20% or allowing Swak to buy them out.
3) is it better to allow a large shareholder to restructure Affin or many shareholders and go nowhere.

with LTATs 29% and BEAs 23%, Swak will get more than 50%. the price must be attractive for BEA and LTAT to sell. or else they will be stuck for longer term. Swak will undertake to pare down to lower stake at later date once Affin is restructured and ROI improves.

MBSB and MIDF done at Price to Book of 0.8 times

BPlant & Bstd GO cost abt 1.9B to LTAT.
LTAT has abt 690M Affin. at 2.80 to 3.00 can pay off the GO Loan. Not sure if LTAT need more money to pay DV to their contributors/army.

anything below 3.00 doesn't achieve LTATs objective.

who are shareholders of Kenanga?