Posted by Beza > 2016-11-10 15:01 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5255469

Posted by Beza > 2016-11-10 15:11 | Report Abuse

http://www.theedgemarkets.com/my/article/affin-holdings%E2%80%99-affinity-expected-drive-earnings?type=Corporate

Posted by Beza > 2016-11-10 15:12 | Report Abuse

The early successes for Affinity have been the spike-up in the pipeline of undisbursed mortgage loans from RM700 million in 2015 to RM3 billion now, and cost savings of RM20 million to RM25 million a year from the outsourcing of certain functions.

Affin Bank has an aggressive target to double its operating income from 2015 to 2020 (or a five-year compound aggregate growth rate [CAGR] of 15%), which is significantly higher than our estimated growth of 43.5% over the same period.

If we apply the targeted 15% CAGR on operating revenue for Affin Holdings, our financial year ending December 31, 2017 (FY17) to FY18 net profit forecasts will be lifted by 34%-59% (assuming constant overheads and credit costs) which will also increase our TP by 80% from RM2.96 to RM5.33.

The management also addressed some market concerns during the meetings — that i) the gross impaired loan ratio would be stable for end-2016 versus 1.9% for end-2015, ii) there would be an uptick of credit costs but with credit sustainable charge-off rate expected to be low at 20 to 25 basis points, and iii) the exposure to the oil and gas sector is small at only 1.5% of its total loans.

Affin remains an “add” given its attractive valuation — FY17 price earnings of 7.5 times and price-to-book value of 0.5 times, significantly lower than the 10.8 times and 1.3 times, respectively, for the sector. We retain our FY16-FY18 earnings per share (EPS) forecasts but raise our two-stage dividend discount model-based TP from RM2.60 to RM2.96 due to the rollover of the TP to end-2017, and the increase in the assumed growth rate for the interim growth phase on the expectation that Affinity will drive earnings. The downside risk is a spike-up in impaired loans. — CIMB Investment Bank Bhd, Nov 9

Posted by Icon8888 > 2016-11-10 15:42 | Report Abuse

Go go go

Posted by shortinvestor77 > 2016-11-10 17:22 | Report Abuse

GO! GO!

Posted by TheContrarian > 2016-11-10 19:16 | Report Abuse

CIMB recommending Affin?

Posted by performer > 2016-11-10 20:28 | Report Abuse

Mr.Icon8888...where have u been mate..do appear at least once in 2 days pleaseee

Posted by performer > 2016-11-10 20:38 | Report Abuse

Bagger ask to appear means love?

Posted by performer > 2016-11-10 23:12 | Report Abuse

Bagger...bang lanj*o la...wanna s*C?

Posted by bracoli > 2016-11-10 23:49 | Report Abuse

Oil is down 45.7 while USD 4.34

Posted by Icon8888 > 2016-11-11 09:04 | Report Abuse

Go go go

Posted by aklobi > 2016-11-11 15:37 | Report Abuse

So CIMB has been downgrading & talking down AFFIN over the past 2 years, but now suddenly they say its a good bargain? They must have finished buying it.

Posted by aklobi > 2016-11-11 15:39 | Report Abuse

Rule of thumb: when a research company says sell, it might mean they want to buy it low!

Posted by 10bagger10 > 2016-11-24 10:15 | Report Abuse

can all in?

Posted by AlphaBetaGamma > 2016-11-24 16:39 | Report Abuse

With so many GLCs reporting bad results, I think it is better to take a wait and see approach for the time being. Valuation wise, it looks good but where can I find Affin bank branch? I think can only think of one only... Well, this is not poker, can always buy some if u like and keep some spare bullets for another day

Posted by Beza > 2016-11-24 17:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5268357

Posted by TheContrarian > 2016-11-24 20:26 | Report Abuse

This EPF buy, sell, buy.

Posted by 10bagger10 > 2016-11-24 20:27 | Report Abuse

so any idea this quater result?

Posted by aklobi > 2016-11-25 03:59 | Report Abuse

More cash is waiting if it goes down.. actually wish it would go down :)

Posted by aklobi > 2016-11-25 04:03 | Report Abuse

dividend announcement should be Today Friday 25th or at least Monday 28th in the latest

Posted by 10bagger10 > 2016-11-25 10:54 | Report Abuse

i sailang hopefully great result

Posted by 10bagger10 > 2016-11-25 10:55 | Report Abuse

8 maybe?

Posted by 10bagger10 > 2016-11-25 10:59 | Report Abuse

possible or not?

Posted by AlphaBetaGamma > 2016-11-28 13:24 | Report Abuse

Last year same time it was only 3 cents. So, I'm happy with anything above that!!

Posted by bugle > 2016-11-30 13:19 | Report Abuse

third quarter result just out, EPS OK, interim dividend 3 cents. hopefully more for the coming forth quarter.

Posted by Beza > 2016-11-30 14:38 | Report Abuse

3 cents is just first interim div.

Posted by Icon8888 > 2016-11-30 14:53 | Report Abuse

Excellent : )

Posted by christophertopher > 2016-11-30 15:24 | Report Abuse

ICON8888, 你眼光好。

Posted by shortinvestor77 > 2016-11-30 21:11 | Report Abuse

Generally, banks are still doing well and picking up. They all still make profits and share their dividends. Thumb up!

Posted by tkp2 > 2016-11-30 22:44 | Report Abuse

time to play affin call warrant, both CU & CV is very interesting

Posted by TheContrarian > 2016-12-01 04:32 | Report Abuse

CV is safer than CU.

Posted by tkp2 > 2016-12-01 09:16 | Report Abuse

ya, CV premium is lower now, with ratio 1:1, this little cannon will run double the speed compare to mother, mother up 1 beat, CV should up 2 beats, i am IN

Posted by tkp2 > 2016-12-01 09:18 | Report Abuse

CU is consider safe also in view of it low price, downside risk is minimum

Posted by TheContrarian > 2016-12-01 09:45 | Report Abuse

CU exercise price higher and expire sooner.

Posted by tkp2 > 2016-12-01 10:03 | Report Abuse

all i need is the mother price to hit 2.5-2.6, CV will 0.4-0.5, this is very possible with the recent quarterly results

Posted by christophertopher > 2016-12-01 11:37 | Report Abuse

BOUGHT Mother juz now-AFFIN.

Posted by TheContrarian > 2016-12-01 15:25 | Report Abuse

Exercise price of CV is only RM2.15

Posted by tkp2 > 2016-12-01 16:44 | Report Abuse

year end window dressing coming, this Affin girl sure will be dressed sui sui wan, hihihi

Posted by 10bagger10 > 2016-12-01 20:58 | Report Abuse

confirm? i just top up somemore this afternoon.

Posted by bugle > 2016-12-01 23:43 | Report Abuse

just buy lah, a lot of retailers still holding shares with right issues which cost them at least 3+ or above. with good result and expected higher dividend, now just 2.2+, very cheap and safe investment lah.

Posted by Angielim9955 > 2016-12-02 00:24 | Report Abuse

TheContrarian Exercise price of CV is only RM2.15

thanks
TheContrarian for the tips
CV is good to buy .
seem safezon if buy now
and congratulations
TheContrarian , your affin baby results very good among all the bank sectors .
I personally got buy affinbank product include life insurance , and seem is a good bank because staff inside friendly to me .
I like Affinbank

Posted by 10bagger10 > 2016-12-02 09:59 | Report Abuse

great to hear that!

Posted by TheContrarian > 2016-12-02 14:02 | Report Abuse

Affin Bank image has improved after my friend became the CFO.

Posted by TheContrarian > 2016-12-02 14:47 | Report Abuse

Problem is market analysts all give very low target price.

Posted by stockraider > 2016-12-02 14:49 | Report Abuse

Yeah Affin is the most undervalue bank....listed....!!

Posted by 10bagger10 > 2016-12-02 14:49 | Report Abuse

there is a famous quote by pro investor that say:- 'I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited!' ma!!!

Posted by TheContrarian > 2016-12-02 14:55 | Report Abuse

Affin has strong major shareholders in Lembaga Tabung Angkatan Tentera, Boustead and Bank of East Asia which is listed in HK and owned by Tan Sri Quek family.

Posted by 10bagger10 > 2016-12-02 14:58 | Report Abuse

TheContrarian pro sifu,

In 6 months to 3 years what is your pro expectation?

Posted by tkp2 > 2016-12-02 16:20 | Report Abuse

slow slow up, end of the year up to 2.5 enough already

Posted by tkp2 > 2016-12-02 16:21 | Report Abuse

CV will be 0.4, CU 0.25, year end bonus