AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.08

Today's Change

0.00 (0.00%)

Day's Change

2.07 - 2.10

Trading Volume

861,900


2 people like this.

3,047 comment(s). Last comment by speakup 6 days ago

aklobi

186 posts

Posted by aklobi > 2 months ago | Report Abuse

@Jguy, DRP of course. But only a portion of the cash can be used for DRP, tye rest will be cash.

aklobi

186 posts

Posted by aklobi > 2 months ago | Report Abuse

Affin is a different kind of beast since beginning of Dec 2022. Last DRP, it plunged to RM1.87 (even with special dividend approaching). This DRP (only 3 months later- NO SPECIAL DIVIDEND APPROACHING) won't go below RM2.03. Key word: MCSI.

Markv572421

2,424 posts

Posted by Markv572421 > 1 month ago | Report Abuse

what da heck laa affin bank.... dropp ????

troy88

1,684 posts

Posted by troy88 > 1 month ago | Report Abuse

after taking big dividend investors cabut?

TheContrarian

7,430 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Bought back Affin at 2.01.

aklobi

186 posts

Posted by aklobi > 1 month ago | Report Abuse

I don't mind Affin going lower so I can purchase more with the left over cash divs

TheContrarian

7,430 posts

Posted by TheContrarian > 1 month ago | Report Abuse

If Affin goes lower I will definitely buy more.

ZenSen

30 posts

Posted by ZenSen > 1 month ago | Report Abuse

yesterday bought 10,000 shares at RM2.05

Nepo

2,692 posts

Posted by Nepo > 1 month ago | Report Abuse

I not buy..
stay aside for the time being..

xiiaodi

25 posts

Posted by xiiaodi > 1 month ago | Report Abuse

Affin Bank Bhd has inked a business transfer agreement (BTA) to merge its general insurance business in Malaysia under AXA Affin General Insurance Bhd or AAGI with Generali Asia NV's, which will result in Affin Bank holding a 30% stake in the enlarged insurance company, with Generali controlling the remaining 70%.

xiiaodi

25 posts

Posted by xiiaodi > 1 month ago | Report Abuse

The agreement comes after Affin Bank completes the partial disposals of its equity interests in the joint ventures AXA Affin Life Insurance (AALI) and AAGI to Generali, which acquired a 70% stake in the former (49% from AXA and 21% from Affin Bank) and 53% in the latter (49.99% from AXA and 2.95% from Affin Bank).

aklobi

186 posts

Posted by aklobi > 1 month ago | Report Abuse

I am patiently waiting to increase my holding. Wish i had bought alot more when it hit 1.30 range

TheContrarian

7,430 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Strong support at 2.00.

aklobi

186 posts

Posted by aklobi > 1 month ago | Report Abuse

Being as moderate as possible, EVERYONE please list your highest predicted price Affin might touch in the NEXT 52 weeks.
Mine, I would say 2.99

troy88

1,684 posts

Posted by troy88 > 1 month ago | Report Abuse

seems like reversal of downtrend has started. Should slowly climb back up..

Posted by seekingsuan > 1 month ago | Report Abuse

开始要上

VTrade

2,427 posts

Posted by VTrade > 1 month ago | Report Abuse

Menangis nanti

TheContrarian

7,430 posts

Posted by TheContrarian > 1 month ago | Report Abuse

EPF doesn't wait for 30 December and have been selling their shares in hand first.

Nepo

2,692 posts

Posted by Nepo > 1 month ago | Report Abuse

Details of corporate proposal Dividend reinvestment plan applicable to the special dividend and interim dividend in respect of the financial year ending 31 December 2022 ("5th DRP")
No. of shares issued under this corporate proposal 61,559,377
Issue price per share ($$) Malaysian Ringgit (MYR) 1.8500
Date of listing: 30 Dec 2022

Nepo

2,692 posts

Posted by Nepo > 1 month ago | Report Abuse

Let see what is going to be tomorrow..?

Jeffreyteck

4,242 posts

Posted by Jeffreyteck > 1 month ago | Report Abuse

Why still haven't received the cash dividend?

Nepo

2,692 posts

Posted by Nepo > 1 month ago | Report Abuse

Can buy already
I today quote buy 2.02

Nepo

2,692 posts

Posted by Nepo > 1 month ago | Report Abuse

Successfully Bought at RM 2.02

Nepo

2,692 posts

Posted by Nepo > 4 weeks ago | Report Abuse

Deals of 2022: Best Mergers & Acquisitions - Affin Bank’s divestment of AHAM a sweet deal for all - The Edge Markets http://www.theedgemarkets.com/node/649923#.Y71HrMVxy3g.whatsapp

Nepo

2,692 posts

Posted by Nepo > 4 weeks ago | Report Abuse

While there were concerns among analysts about how Affin Bank would plug the earnings hole left by AHAM — the latter accounted for 20% to 30% of group earnings — it was nevertheless seen as a deal too good to be passed up.

The offer from CVC came at a time when the group urgently needed funds to feed its fast-growing Islamic banking business.

“We felt if we didn’t take the offer, we might never get another offer with similar valuations,” president and group CEO Datuk Wan Razly Abdullah Wan Ali said in a recent interview with The Edge.

The divestment, which was completed on July 29, enabled Affin Bank to recognise a net gain of RM1.063 billion, the bulk of which will be used to fund its core banking activities and for working capital.

It also helped lift its common Equity Tier-1 ratio, a key indicator of capital strength, to 16.3% as at end-September, from 13.4% three months earlier, well above the industry’s 15.1%.

Affin Bank was then able, in the third quarter, to strengthen its loan loss coverage ratio to 112.25%, from a mere 80% three months earlier, putting it more in line with the industry.

ZenSen

30 posts

Posted by ZenSen > 3 weeks ago | Report Abuse

after the recent divestment, Affin share NAV is still worth RM4.66??

stockraider

30,355 posts

Posted by stockraider > 3 weeks ago | Report Abuse

Very attractive investment mah!

aklobi

186 posts

Posted by aklobi > 3 weeks ago | Report Abuse

I am patiently waiting to buy more at a price I like. Already got lots of Affin. But cash is king.

Nepo

2,692 posts

Posted by Nepo > 3 weeks ago | Report Abuse

艾芬银行大马回教保险 合作经销保险产品

艾芬银行(AFFIN,5185,主板金融股)与大马回教保险(TAKAFUL,6139,主板金融股),签署一份银行回教保险(Bancatakaful)合约,成为战略伙伴。

https://www.enanyang.my/node/521195

TheContrarian

7,430 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

@ZenSen, after the disinvestment, Affin's NAV went up to RM4.95 before the dividend payout.

troy88

1,684 posts

Posted by troy88 > 3 weeks ago | Report Abuse

after consolidation Affin should rise again..

troy88

1,684 posts

Posted by troy88 > 3 weeks ago | Report Abuse

slowly creeping back up..

loribalak

85 posts

Posted by loribalak > 2 weeks ago | Report Abuse

Collect collect collect

aklobi

186 posts

Posted by aklobi > 2 weeks ago | Report Abuse

I still have unused cash divs. Need a good bargain stock.. my criteria for a good bargain:
1- low pe ratio
2- high book value
3- nearer to 52 week low price
4- regular divs..
5- No financial troubles..
Any suggestions?

Income

4,017 posts

Posted by Income > 2 weeks ago | Report Abuse

Anak lobi, just buy Affin until you finish your cash

Posted by jeffrey1166 > 2 weeks ago | Report Abuse

lobi keep focus on affin only

TheContrarian

7,430 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

@aklobi, try Mycron.

Nepo

2,692 posts

Posted by Nepo > 2 weeks ago | Report Abuse

Today i take out my last reserve and topped up Affin @ RM 2.09

Wish my luck in Affin

stockraider

30,355 posts

Posted by stockraider > 1 week ago | Report Abuse

Opportunity loh!

Posted by jeffrey1166 > 1 week ago | Report Abuse

me too keep buying

TheContrarian

7,430 posts

Posted by TheContrarian > 1 week ago | Report Abuse

Anyone bought Mycron?

aklobi

186 posts

Posted by aklobi > 1 week ago | Report Abuse

TheContrarian.. monitoring bought a little Mycron

TheContrarian

7,430 posts

Posted by TheContrarian > 1 week ago | Report Abuse

aklobi, that's good.

ZenSen

30 posts

Posted by ZenSen > 1 week ago | Report Abuse

what will be the expected Affin dividend yearly?

Posted by jeffrey1166 > 1 week ago | Report Abuse

0.12 around

TheContrarian

7,430 posts

Posted by TheContrarian > 1 week ago | Report Abuse

I think dividend policy is 50% payout of net profit.

Income

4,017 posts

Posted by Income > 1 week ago | Report Abuse

100 plus satu

troy88

1,684 posts

Posted by troy88 > 6 days ago | Report Abuse

Slowly coming back. Looks like cheap sale RM2 habis already..

stockraider

30,355 posts

Posted by stockraider > 6 days ago | Report Abuse

can buylah!

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