Posted by rlch > 1 week ago | Report Abuse

If you like bank BIMB is cheaper. Also good dividend counter.

Thank you for the recommendation, I have moved some of my sale proceeds of Affin to BIMB.

Go, go, go BIMB.

Oops, wrong forum.

Go, go, go BIMB.

CGS-CIMB Research says having Sarawak as a key shareholder of Affin Bank would be positive for the bank, as it could catalyse its business growth in the state through closer working relationships with the Sarawak government.

“The growth could be in the areas of business loans (ranging from SME to corporate loans), investment banking deals, treasury and ESG-related businesses (for financial services),” it says in a Jan 17 report.

It believes, however, that it will take time for the bank to realise the benefits.

“It will take time (more than one year) for any positive benefits to materialise, as Affin Bank needs to formulate a plan, expand its network and strengthen its operations in Sarawak. To achieve this, [it] would have to incur additional costs (larger number of branches and employees in Sarawak) while revenue would only increase gradually over time,” it says.

As such, CGS-CIMB cut its investment call on Affin Bank to “reduce” from “add”, but maintained its target price at RM2.26.

Thank you Affin for the huge gain in the past 2 weeks.

I don't understand why it (the 'resignation or retirement' fiasco) is being disputed, but I have resigned and stated the reason. However, I still respect the organisation (LTAT) and won't reveal the content of the letter (that was sent to both the minister and ministry secretary-general Datuk Seri Isham Ishak)," he said when contacted.


It was previously reported that Business Times had sighted Raja Affandi's cover letter dated Feb 7 that was addressed to Isham's office, clearly saying that the former had resigned from his position.

"I hereby refer to the matter mentioned above. Attached herewith is one (1) original copy of my resignation letter as the chairman of the Armed Forces Fund Board for the attention of YBhg. Datuk Seri," the letter said.

The day after the letter was sent, LTAT announced that Raja Affandi had retired.

Two days later, the former armed forces chief denied that he had retired, but had in fact resigned.

Earlier today, Defence Minister Datuk Seri Mohamed Khaled Nordin persisted in standing by the LTAT statement that Raja Affandi had retired and not resigned.

Raja Affandi's departure came just a week after chief executive Datuk Ahmad Nazim Abdul Rahman tendered his resignation.

Nazim served LTAT for 31 months after his appointment to the post on June 15, 2021.

The two departures came a month after it was reported that LTAT's planned restructuring had been put on hold.

CNY second day during day time you see several people desperately promoting Insas. These people don't have a life. CNY second day during day time they could only spend time promoting Insas, must be very lonely people.

In light of the resignation of both CEO and Chairman of LTAT it is obvious that the new Defense Minister is not in agreement with the selling of 25% stake to Sarawak. The block size to be sold may well be reduced, possibly to 20%.

So sad to see CNY also so desperately promoting Insas. Obviously these people bought high in 2021 and are stuck trying to get out.

The Chairman and CEO who both resigned were the ones who proposed the sale of 25% stake in Affin to Sarawak.

A poser over 'retire or resign" has cropped up following the departure of General Tan Sri Raja Mohamed Affandi Raja Mohamed Noor as chairman of Lembaga Tabung Angkatan Tentera (LTAT).

LTAT on Thursday announced that Raja Mohamed Affandi had retired effective immediately. But in his letter to Defence Ministry secretary-general Datuk Seri Isham Ishak sighted by Business Times, Raja Mohamed Affandi stated that he had resigned

Why Insas closed red?

Most comments not related to Insas.

Mr Sslee, same to you.

@Matccom , you can get information from Announcement.

Bought at 2.24 today.

Go, go, go Affin.

I wanted to sell at 1.25 today but ...........

Bought at 81.5 sen today.

Matccom, you don't have KLSE Screener Application?

Why Insas closed red today?

Yes, yes, yes, there will a MGO of RM4.00. Quickly buy.

speakup sold today?

Mikecyc, speakup is NOT that useless stockraider.

There will be pressure on Affin to expand into Sarawak. There will be huge capital layout opening new branches, setting up of ATM/Cash Deposit kiosks, moving into rural areas. Frankly, I don't like the medium term.

Go, go, go Insas. Insas cantek.

Affin not likely to fall below 2.40 in the near term.

When the cat appears it's time to _________ Insas. Please fill up the blank.

Go, go, go Insas. Insas cantek.

You go buy first.

You got conned by Leno?

I made money from Utusan and London Biscuits.

Speaking of Elvis Presley, just heard that Elvis will emerge as a substantial shareholder of Insas after accumulating 5% from the open market.

Quek Leng Chan announced that he intends to make a hostile takeover of Affin but refuses to disclose the takeover price.

Forum here so quiet. Everyone sold their Insas already?

I want to file Missing Cat Notice.

KPS to rally this week? Yes? No?

All my purchases and sales are time dated. :-)

Posted by TheContrarian > 2020-09-07 18:55 | Report Abuse

Bought Affin at 1.44 today.


sharewiz118

1,880 posts

Posted by sharewiz118 > 2020-09-09 11:53 | Report Abuse

drop to RM 1.42 today LoL


aklobi

256 posts

Posted by aklobi > 2020-09-09 15:35 | Report Abuse

Will buy again if goes below 1.40


TheContrarian

8,127 posts

Posted by TheContrarian > 2020-09-10 16:12 | Report Abuse

Bought Affin at 1.41.

Some people are easily shocked, hahaha.

Ahmad Nazim resignation letter, dated Jan 30th addressed to the chairman of LTAT was sighted by The Edge.

25% of Affin ----> 586.5 million shares @ RM2.40 = RM1.408 billion.

Ahmad Nazim in his resignation letter listed a number of key initiatives that were taken ..... including ..... formulated a deal structure that raises RM1.4 billion for LTAT and Boustead Holdings from its holding in Affin Bank.

Latest The Edge Weekly page 10, I bought hard copy, don't have link.

I sold 96% of my Insas from 1.16 to 1.34, maybe tomorrow can buy back, maybe Tuesday, maybe Wednesday, maybe after CNY.

LTAT outgoing CEO hinted LTAT and Boustead are selling a combined 25% stake @ RM2.40 to Sarawak.

I still have 4%.

And every time EPF has been selling all these months Sarawak didn't even buy a single share from the open market.

EPF has been selling and selling and selling and selling ....... and never buying at all.