Posted by Bruce88 > 2016-09-01 12:17 | Report Abuse

Quite a low risk buy at current price but must be able to hold.

Posted by Mini Bull > 2016-09-01 12:32 | Report Abuse

Icon also one of the con group ?

Posted by Hotrod > 2016-09-01 12:36 | Report Abuse

Icon, theres no specific reason as to why EPF is selling as they are also selling other banking stocks like CIMB or RHB. I guess its just a mere risk management practise to pare down their stock holdings during bad times.

Posted by Icon8888 > 2016-09-01 12:40 | Report Abuse

thanks hotrod

Posted by uncle988 > 2016-09-01 12:46 | Report Abuse

No doubt that the current price of Affin bank is cheap and downside risk is limited. However, potential stock price appreciation on Affin bank might not as impressive compare to Airasia. Just my 2 cents.

Posted by Icon8888 > 2016-09-01 12:52 | Report Abuse

I still like Airasia at current price. But as mentioned in article, my exposure too huge for comfort, it is good to pare down a bit.

Posted by Hotrod > 2016-09-01 12:54 | Report Abuse

uncle988, bluechips are meant for stability. Looking the bearish sentiment in small cap index now, bluechip is the better bet now. Of coz the upside would now be as superior as airasia, but i can sleep better with a banking stock with good dividend yield and a good upside:downside ratio.

Yield play is what it matters now.

Posted by sam888 > 2016-09-01 13:12 | Report Abuse

Hi Icon Sifu, what are your views on Maybank?

Posted by Icon8888 > 2016-09-01 13:14 | Report Abuse

it hasn't come down by a lot. Not sexy enough

Posted by latlut > 2016-09-01 13:17 | Report Abuse

thanks for the article icon. with affin, at least i can sleep well every night.

Posted by shortinvestor77 > 2016-09-01 13:22 | Report Abuse

Bought a little at 2.15.

Posted by ajim102 > 2016-09-01 13:29 | Report Abuse

Astonishing write ups

Posted by Tigger > 2016-09-01 13:31 | Report Abuse

I think the reason EPF is paring down banking stocks ia because they are non syariah compliant and EPF need to balance out with the increasing demand for syariah compliant EPF.

Posted by angku > 2016-09-01 13:32 | Report Abuse

Icon Sifu, are u not worried about US crash/market turbulence due to rate hike?

Posted by Icon8888 > 2016-09-01 14:02 | Report Abuse

angku how to worry about so many things ? As long as you don't be fully invested, you don't need to scare of market downturn, right ? always keep some cash

Posted by younginvestor92 > 2016-09-01 17:20 | Report Abuse

so much cash... no joke...

Posted by lching > 2016-09-01 17:46 | Report Abuse

surprised to know icon pick Affin.........the writing is fantastic anyway.

Posted by PlsGiveBonus > 2016-09-01 17:51 | Report Abuse

Revenue profit eps every parameter is dropping
It is better to wait after the good result is announced
I don't usually like to buy when it make a poor profit

Posted by yongch > 2016-09-01 19:05 | Report Abuse

Waiting for BNM announcements and this puppy soon will below 1.80:)

Posted by Tigger > 2016-09-01 19:05 | Report Abuse

A quick and dirty way of comparing

Banks Q2EPS 4XQ2 C/Price Proj PE
Affin 7.07, 28.28, 2.15, 7.6
CIMB 10.07, 40.28, 4.76, 11.8
AFG 8.7, 34.8, 3.86, 11.1
Ambank 10.74, 42.96, 4.31, 10.0
Maybank 11.79, 47.16, 7.8, 16.5
PBB 32.53, 130.12, 19.72, 15.2

Posted by Invest1188 > 2016-09-01 20:27 | Report Abuse

hi icon888, seems that usd is back, will depreciating myr affect finance stocks?

Posted by wkitwing > 2016-09-01 20:40 | Report Abuse

Posted by Icon8888 > Sep 1, 2016 02:02 PM | Report Abuse

angku how to worry about so many things ? As long as you don't be fully invested, you don't need to scare of market downturn, right ? always keep some cash

waaaa,this icon banyak kaya one......maybe his fund size more than millions and still have some cash left o.o

Posted by wkitwing > 2016-09-01 20:50 | Report Abuse

btw out of my curiosity,will oil recover next year?

Posted by Icon8888 > 2016-09-01 21:28 | Report Abuse

if I know I am the richest man in the world : )

Posted by MuttonCurry > 2016-09-02 08:31 | Report Abuse

Maybe wait for tonite US employment report to confirm direction ?. If they add around 255K most analyst agreee case for rate hike. That would be more prudent approach ... don't u think ?

Posted by Hotrod > 2016-09-02 09:49 | Report Abuse

Rate hike or not life goes on. Everyone is aware of it, hence no big surprise to the market anymore.

Posted by RainT > 2016-09-02 11:04 | Report Abuse

Icon
How about AMBANK????

Posted by dusti > 2016-09-02 22:34 | Report Abuse

You mean u dunno what has happened................check again............still dunno?..............check again. Good luck!

Posted by stockraider > 2016-09-03 11:50 | Report Abuse

Raider support ICON on affin....bcos this is the most undervalue bank now.....!!
If rerating....it will rebound very fast....!!

Compare with Pbank n Maybank relatively affin trade at a very big discount....!!

If u don mind the brand....Affin is the best banking exposure loh..!!

Posted by limweebeng > 2016-09-09 19:58 | Report Abuse

Hi sifu icon, what is the meaning of dissolution subsidiary in the latest announcement? Close down affin capital sdn bhd? Any effect?