AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.98

Today's Change

-0.01 (0.33%)

Day's Change

2.96 - 2.99

Trading Volume

254,600


4 people like this.

4,110 comment(s). Last comment by turbochart 57 minutes ago

aklobi

311 posts

Posted by aklobi > 1 month ago | Report Abuse

All this was an expected scenario, waiting for it to reach RM2 or below, otherwise not interested.

LubeTrader

263 posts

Posted by LubeTrader > 1 month ago | Report Abuse

In share trading, I've learnt to expect the unexpected. The bunch of retirees who meets every Sunday for tea has not been bothered with the price movements of this counter of late. Steady.

LubeTrader

263 posts

Posted by LubeTrader > 1 month ago | Report Abuse

Not a single one of them has disposed. Perhaps peer pressure. He who blinks first loses.

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Many in this forum didn't sell above RM3.

curiousq

1,065 posts

Posted by curiousq > 1 month ago | Report Abuse

MIDF sees limited immediate gains for Affin
.
.
However, MIDF believes that Affin's current valuations are unattractive due to its low ROE-generating potential. Despite the potential re-rating from the new major shareholder, the bank’s share price appears to have moved ahead of its fundamentals, MIDF said, as it maintained its “sell” recommendation with a revised Gordon growth model-derived target price (TP) of RM 2.35, up from RM1.82.

The TP is based on a revised FY2025F P/BV of 0.45x, reflecting the potential re-rating following the entry of Affin Bank’s new largest shareholder.

speakup

26,995 posts

Posted by speakup > 1 month ago | Report Abuse

TP2 je

mf

29,050 posts

Posted by mf > 1 month ago | Report Abuse

Dow Jones

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NASDAQ Composite

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dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

I sold all my 6-year holding in Affin @ just below $3 & was regretting it for a while, but that regret disappeared yesterday...

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

RM2.90
RM3.00

Dont want now?
heheh

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

Lets catalysts sour grapes it except CIMB +)
I support CIMB RM4.30

My TP RM5
hahaha

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

RM2.89 to hit first
Come fast =)

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

Going to breach 2.85 line immediate. Boom it.

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Shhhhhhhhhhhhhhhhh 🤫

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

Psttt
Pfttt

Kikiki

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

4pm onwards 🚀🚀🚀

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Shhhhhhhhhhhhhhhhh 🤫

Bursino

310 posts

Posted by Bursino > 1 month ago | Report Abuse

Can it take the 2.85 weight? If cannot can drop to 2.50!

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Drop to 2.50? Hahahahahahaha.

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

lets gooo
kikiki

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

adding 2.86

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

But, but, but ..... someone said might drop to 2.50 ........ hahahahaha.

Bursino

310 posts

Posted by Bursino > 1 month ago | Report Abuse

Yesterday CIMB called Affin a BUY and their arithmetic on fair value is 4.30. Four dollar thirty sen. Only thing CIMB didn't say when can hit 4.30.

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

sailang 2.86

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

kikiki lets fly

Bursino

310 posts

Posted by Bursino > 1 month ago | Report Abuse

You people very cun-lah. One knows it will drop no further. Another knew it will fly. 🤗

Posted by Jonathan Keung > 1 month ago | Report Abuse

Technical rebound will continue. Highly oversold position

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Technical rebound? What technical rebound?

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Already 4 days has lapsed since the signing of the S&P last Friday. Abang Jo hasn't announced the purchase consideration .......... because Abang Jo doesn't know, hahaha 🤣🤣🤣

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

Today is the day =)
Going like missiles Iranian 🔥
New shareholders on the way

RM2.95
RM2.98
RM3.05

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Spartans ....... onwards! Go, Spartans, go!

Kim

4,321 posts

Posted by Kim > 1 month ago | Report Abuse

Adding and absorbing 2.87
Going to breach 2.89 ---> RM2.93

Lets go
Kikiki

Plantermen

2,238 posts

Posted by Plantermen > 1 month ago | Report Abuse

Sentiment affected by Iran counter strike retailation against Israel overpay. Technically wallstreet have more or less down play the ongoing escalation the Middle East conflict. Israel is aware Iran is a big military power block In the Middle East

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

In Sarawak's heart, where rivers flow,
A leader's hand, a steady show.
Abang Jo, a name renowned,
Affin's shares, now firmly bound.

With wisdom gained and experience keen,
A corporate realm, a vibrant scene.
A takeover, a strategic move,
A future bright, for all to groove.

Though challenges lie ahead, it's true,
Abang Jo's guidance, will see it through.
Affin's shares, a promising sight,
A beacon of hope, shining bright.

TheContrarian

9,429 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Shorted and scorned, a fallen star,
Affin's worth, concealed so far.
But in the depths, a spark ignites,
A phoenix rising, shining bright.

With every doubt, a strength grows deep,
A silent force, a future's keep.
The market's game, a fickle test,
But Affin's spirit, stands the best.

A day will dawn, a tide will turn,
The short-sellers' schemes will burn.
Affin's ascent, a glorious sight,
A beacon of hope, shining bright.

LubeTrader

263 posts

Posted by LubeTrader > 1 month ago | Report Abuse

😄

Posted by Jonathan Keung > 3 weeks ago | Report Abuse

A good one Mr contratrian

Eagle77

6,809 posts

Posted by Eagle77 > 3 weeks ago | Report Abuse

Awaiting at 2.00 ⬇️🩸

TheContrarian

9,429 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Once scorned and shunned, a stock so low,
Affin, undervalued, a painful blow.
Short sellers flocked, their bets were made,
A downward spiral, a fearful trade.

But tides can turn, markets can mend,
Affin's worth, it starts to ascend.
Rumors spread, a catalyst's gleam,
Short sellers panic, their profits scream.

Buybacks begin, a hasty retreat,
The downward spiral, a painful defeat.
The tables turn, the tide has swayed,
Affin's value, no longer delayed.

TheContrarian

9,429 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Beneath the skies of Sarawak's grace,
A leader stands, with wisdom's trace.
Abang Jo, a name renowned and bright,
Will guide Affin towards a shining light.

With steadfast hand and heart of gold,
He'll steer the bank, a tale untold.
Affin's future, secure and grand,
Under his guidance, across the land.

The share price, a soaring bird, will fly,
As trust and confidence multiply.
Investors' faith, a beacon's gleam,
Will fuel Affin's prosperous dream.

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Forum here so quiet. Where have everyone gone?

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Yesterday Affin closed 4 sen higher, today another 4 sen higher. Will tomorrow see another 4 sen gain?

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Monday Affin closed 4 sen higher, yesterday closed another 4 sen higher, today 6 sen higher.

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Terima kasih

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

A gem oft overlooked, a stock unpraised,
Affin, undervalued, its worth unrazed.
But tides are turning, a shift in the air,
Affin's share price, poised to declare.

From shadows of doubt, it starts to ascend,
A beacon of hope, a trend to transcend.
Investors awaken, their eyes now see,
The potential within, wild and free.

With every tick up, a whisper of cheer,
Affin's ascent, dispelling all fear.
A journey of growth, a story untold,
A tale of resilience, a future bold.

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Affin closed 4 sen up on Monday, another 4 sen up on Tuesday and 6 sen up today. Tomorrow will Affin close another 6 sen up?

TheContrarian

9,429 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Several people recently boldly said that Affin will crash to RM2, hahaha 🤣🤣🤣

Dehcomic01

338 posts

Posted by Dehcomic01 > 2 weeks ago | Report Abuse

Affin – will a change of shareholders improve performance

The performance of Bursa banking group Affin over the past 12 year was nothing to shout about. Its performance, measured against a panel of 10 Bursa Malaysia banks, is below the sector median across key metrics such as returns, efficiency, and loan performance. However, it has improved its capital adequacy ratio.

But I would not consider Affin is a value trap as it remains profitable with a margin of safety over 30% based on the asset value. However, it lacks a sufficient margin of safety under the earnings value.

The Sarawak State Government has recently acquired a substantial stake in the bank. There is hope that the state would divert its funds to Affin thereby improving its deposits and hopefully grow its loans. But if the challenge is efficiency and loan performance, I am not sure whether there would be a quantum leap in performance. For more insights refer to page 20 of INVEST

https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol229-Invest-18Oct.pdf

TheContrarian

9,429 posts

Posted by TheContrarian > 1 week ago | Report Abuse

Go, go, go Affin.

turbochart

520 posts

Posted by turbochart > 57 minutes ago | Report Abuse

Abang Jo buy from sich botak @ 5 ?

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