Posted by TheContrarian > 2017-03-02 22:25 | Report Abuse

50 sen plus exercise price RM2.15 only RM2.65, Affin-CV still cheap.

Posted by ivan9511 > 2017-03-02 23:45 | Report Abuse

theContrarian r u serious that you still Hold CV already gain 200% still not sold
now you earn how many money alreday
as I know you bot quite many

Posted by TheContrarian > 2017-03-03 08:57 | Report Abuse

Still holding. Affin is so much undervalued.

Posted by yangstockwatch > 2017-03-03 09:55 | Report Abuse

CIMB Research

Rating: Add

Target Price: RM4.03

Following Affin’s analyst briefing for its fourth quarter results, CIMB Research said that the bank’s management explained that the lethargic loan growth of only 0.6% in the financial year 2016 (FY16) was mainly due to the shedding of low-yielding financing totalling about RM1.6bil, mainly from revolving credit.

Adjusting for this factor, its financial year 2016 loan growth would have been about 5%, close to the industry’s rate of 5.3%, it said.

“The key highlights were the company’s guidance for FY17, its Affinity transformation programme, and its long-term targets,” CIMB Research said.

The research house has noted that management is targeting a stronger loan growth rate of 8% for 2017.

“We are more conservative, projecting only 3% growth.

“Each 1% pt increase in loan growth (compared with our forecast) would enhance Affin’s FY17 forecasted net profit by about 0.7%,” it said.

CIMB Research also said that there will be tangible benefits from Affinity, in the form of improvement to its cost-to-income ratio, enhancement to its digital banking capabilities, elevating its competitiveness and stronger fee income generation.

“This will help to address some of its areas of weakness, such as high cost-to-income ratio and still-small non-interest income generation from other divisions of Affin Bank, like treasury, credit cards and wealth management,” it said.

“Affin Bank has an aggressive target to increase its operating income by 78% from RM630mil in 2016 to RM1.12bil in 2020.

“This is way above the 17% growth we forecast for the same period.

“If we apply the targeted 15.5% compounded annual growth rate on the operating profit for Affin Holdings, our financial years 2017-2019 forecast net profit forecasts would rise 20-35% (assuming constant credit costs),” CIMB Research added.

The research house said this will push up its target price by 36% from RM2.96 to RM4.03, representing a 58% upside to the current share price.

It continues to rate Affin as an “add,” given its attractive valuation – FY18 forecast price to earnings ratio of 8.2 times and price to book value of 0.5 times, the benefits from the Affinity transformation programme, and an expected improvement in FY17 loan growth.

Posted by titus > 2017-03-03 10:28 | Report Abuse

OMG. TP=4.03??? If it really hit Rm4, i will be laughing all the way to the bank. Ppl might think another lunatic on the street

Posted by yangstockwatch > 2017-03-03 10:47 | Report Abuse

Anyway... research TP is always high one...
TP 4.0 i think take abt 6-12mths to reach hahaha with all the corporate exercises done smoothly and result super strong.
To me, 2.90-3.0 can take some profit first..
Then tinggal sikit dalam let it snowball sendiri la...
Good luck guys...

Posted by TheContrarian > 2017-03-03 11:02 | Report Abuse

You guys should see Kenanga's target price on Affin.

Posted by sctan > 2017-03-03 11:10 | Report Abuse

Kenanga and HL invetment Bank always have negative comments on Affin, CIMB report is not so trustworthy. better do your own homework, or just take the average value from all the research report as a reference.

Posted by Galant > 2017-03-03 11:18 | Report Abuse

sold half @2.70. cost was 2.15. Next will hold until 3.00...

Posted by yangstockwatch > 2017-03-03 11:24 | Report Abuse

50% gain from cv..... my entry was quite high
Sold majority. Left sikit to rolling inside..
Congratz everyone!!!

Posted by Alex Lim Jun Xiong > 2017-03-03 11:30 | Report Abuse

Walao, affin up so much?

Posted by Buybuybuy > 2017-03-03 12:17 | Report Abuse

most undervalued stock in finance sector. Trading buy call. Target price 3.80

Posted by TheContrarian > 2017-03-03 13:18 | Report Abuse

Stupid EPF has been selling almost daily.

Posted by TheContrarian > 2017-03-03 13:21 | Report Abuse

Affin will be announcing a final dividend soon. They were unable to announce yet because the amount of dividend is going to be big and they need approval from Bank Negara first.

Posted by titus > 2017-03-03 14:01 | Report Abuse

2.74..........^_^

Posted by latlut > 2017-03-03 14:04 | Report Abuse

expecting higher dividend :)

Posted by member41 > 2017-03-03 14:13 | Report Abuse

EPS for the year 29sen and dividend policy 50% payout less 3c already paid estimate 11sen final div?

Posted by TheContrarian > 2017-03-03 14:18 | Report Abuse

Maybe 20 sen. Subject to Bank Negara's approval.

Posted by ivan9511 > 2017-03-03 15:22 | Report Abuse

TheContrarian Still holding. Affin is so much undervalued.
YOU REALLY GOD LA
ONE STOCK EARN MORE THAN 200% within six months
as I know , still no one can do that
for me 15% gain already sell fast fast
I respect you

Posted by TheContrarian > 2017-03-03 16:00 | Report Abuse

Actually within 4 months, I bought in November and last month even added more Affin-CV @ 35 sen a few days before QR released.

Posted by TheContrarian > 2017-03-03 16:02 | Report Abuse

If you are lucky to buy a much unvalued counter which delivers fantastic results quarter after quarter you must let it run as high as possible and not sell even one single unit.

Posted by cheoky > 2017-03-03 16:06 | Report Abuse

hello, already mentioned in its final q report is 5sen dividend le subjected to BNM approval. where is 20cents. walao

Posted by Vking7 > 2017-03-03 16:07 | Report Abuse

GUYS, if affin announced 20 cent divdend. would those warrants goes -20 cents disocunt?

Posted by cheoky > 2017-03-03 16:07 | Report Abuse

btw isnt that contradictory to 50% dividend payout?

Posted by 10bagger10 > 2017-03-03 17:06 | Report Abuse

Shud i hold, buy more? Anyone can enlighten?

Posted by TheContrarian > 2017-03-03 17:24 | Report Abuse

It's your money, it's your decision. You make or lose based on your own judgement.

Posted by TheContrarian > 2017-03-03 17:25 | Report Abuse

When I bought more Affin-CV at 35 sen last week my remisier thought I was crazy because I had bought earlier at 17 sen.

Posted by Galant > 2017-03-03 17:35 | Report Abuse

@TheContrarian Nice job, I need to learn more before I can confidently place such bets...
@10bagger10 Short term nobody knows since today up a lot. Mid to long term, I think the mother share is a safe stock with good upside (3-3.50 by year end?), low PE compared to peers and earnings are increasing.

Posted by TheContrarian > 2017-03-03 18:32 | Report Abuse

Also Net Assets per share is RM4.47 @ Dec 2016. This is a bank not an O&G or Property counter. Among the major shareholders are Tabung Lembaga Angkatan Tentera, Boustead, Bank of East Asia owned 14% by Tan Sri Quek of Hong Leong Bank, and of course dumb EPF.

Posted by TheContrarian > 2017-03-03 18:35 | Report Abuse

Since results announced it seems dumb EPF has ceased selling. No wonder EPF could only declare 5.7% dividend last year as it has sold down Affin until RM2.09 last year.

Posted by kktom > 2017-03-03 20:58 | Report Abuse

TP @ 3.30.Maintain BUY

Posted by rchi > 2017-03-03 21:19 | Report Abuse

Affin has only 1.5% of its total loan portfolio exposed to o & g sector,this is only of the main reason it can achieved continued growth in profit.
It is worth well over rm3.0

Posted by onward > 2017-03-03 21:45 | Report Abuse

5sen dividend is previous corresponding period.
the final dividend for financial year 2016 still subject to BNM, and most probably will be 11 sen after minus 1st interim 3 sen dividend from it's 50% dividend policy

Posted by onward > 2017-03-03 21:46 | Report Abuse

price fly too fast, not manage to grab some CV

Posted by ivan9511 > 2017-03-03 22:54 | Report Abuse

TheContrarian When I bought more Affin-CV at 35 sen last week my remisier thought I was crazy because I had bought earlier at 17 sen.

theconn why your remiser knew your action?
you trade thruogh remiser or trade online by yourself ?

Posted by cheoky > 2017-03-04 00:29 | Report Abuse

Paiseh @onward yes amount of dividend undecided yet for this year. Finger cross

Posted by TheContrarian > 2017-03-04 00:44 | Report Abuse

ivan9511, I invest (not trade as I am not a trader/contra player) through my remisier. If I go online pity my remisier no income.

Posted by ivan9511 > 2017-03-04 01:39 | Report Abuse

noted.
the contra.
the contra
can i ask trop and cresbuilder. which one better to invest .
because I have not enough money to choose both.
I feel trop and cresbuilder both also undervalued

Posted by TheContrarian > 2017-03-04 06:26 | Report Abuse

Easier for Cresbuilder to go up than Tropicana. Furthermore Crestbuilder has already declared final dividend of 4 sen payable after AGM.

Posted by ivan9511 > 2017-03-04 17:30 | Report Abuse

but Cresbuilder keep heavy selling down and trop also.
but Trop stable than Cresbuilder
because Trop is propert counter and Cres is construction
as I know Construction counter up fast down fast
if Trop maybe \can stand ?
correct me if I was wrong ?

Posted by TheContrarian > 2017-03-04 22:27 | Report Abuse

Cresbuilder high for the week was 95 sen while Tropicana's high was 99.5 sen. Buying Cresbuilder at 91 sen is better.

Posted by ivan9511 > 2017-03-05 16:18 | Report Abuse

TheContrarian
1064 posts
Posted by TheContrarian > Mar 4, 2017 10:27 PM | Report Abuse

Cresbuilder high for the week was 95 sen while Tropicana's high was 99.5 sen. Buying Cresbuilder at 91 sen is better.

noted and thanks for advise

Posted by TheContrarian > 2017-03-06 09:30 | Report Abuse

Affin has breached RM2.80.

Posted by TheContrarian > 2017-03-06 09:50 | Report Abuse

RM2.85 now.

Posted by titus > 2017-03-06 10:08 | Report Abuse

if i will be laughing to the bank, i think TheContrarian will be laughing to affin bank to collect your rewards. Kudos

Posted by TheContrarian > 2017-03-06 10:18 | Report Abuse

Thank you for your kind words. I still have much confidence in Affin.

Posted by TheContrarian > 2017-03-06 10:35 | Report Abuse

Last year I had two banking stocks in my portfolio, Affin and MBSB (bought @ 69 sen) and after Trump won presidential election and our ringgit crashing, I decided to sell off MBSB and bought more of Affin-CV. I have more confidence in Affin's management than MBSB.

Posted by darrenliew > 2017-03-06 12:10 | Report Abuse

WISE MEN USUALLY MADE LOGICAL N GOOD DECISIONS/CHOICES.

MOST INVESTORS INCLUDING MYSELF SOMETIMES MADE WRONG JUDGEMENTS DUE TO OUR MINDSET CLOUDED BY EMOTIONS. HENCE E.Q IS JUST AS IMPORTANT IF NOT EVEN MORE SIGNIFICANT THAN I.Q. MUST LEARN HOW TO CONTROL AND USE OUR IQ MORE EFFECTIVELY

Posted by darrenliew > 2017-03-06 12:13 | Report Abuse

I MEAN IQ

Posted by darrenliew > 2017-03-06 12:13 | Report Abuse

SORRY. I MEAN EQ