Posted by darrenliew > 2017-03-31 14:13 | Report Abuse

ONE OF THE MOST UNIVERSALLY ACCEPTED PRINCIPLE AND FINANCIAL YARDSTICK ADOPTED TO EVALUATE THE FUNDAMENTAL VALUATION OF COMMERCIAL BANK SHARES IS THEIR PRICE TO BOOK (P/B) RATIO.

AFFIN'S SHARE PRICE IS : 2.86
AFFIN'S BOOK VALUE OR NTA 4.47
(AUDITED NET TANGIBLE ASSET)
AFFIN'S P/B IS THEREFORE(2.86/4/47) 0.639x (much lower than the Banking Sector's 1.17x)

(AND IS HENCE DEEPLY UNDERVALUED AND UNDERPRICED)

CATALYSTS TO UNLOCK ITS UNDERVALUED ASSETS AND POTENTIAL INCLUDE :-
==================================================================

1) ACCELERATING AND STRONGER EARNINGS RECOVERIES.
ITS YEAR ON YEAR INCREASE IN PROFITS BY RM198M OR UP 52% IS COMMENDABLE..
WE ARE LOOKING TO CONTINUING BETTER PROFITS IN THE COMING QUARTERS.

2) INSTITUTIONAL FUNDS (INCLUDING FOREIGN FUNDS AND LOCAL FUNDS LIKE KWAP AND BANKS' UNIT TRUSTS/WEALTH MANAGEMENTS FUNDS) INCREASING THEIR INVESTMENTS OF AFFIN SHARES..

IT IS NOTE WORTHY THAT FUND MANAGERS ARE NOW CALLING FOR MORE EXPOSURES TO BUILD UP THEIR STOCK PORTFOLIOS IN BURSA EQUITIES.

THERE ARE NOW CALLS TO OVERWEIGHT MALAYSIAN BANKING SHARES

Posted by darrenliew > 2017-03-31 14:34 | Report Abuse

DURING BANK MERGERS OR TAKE OVERS, THE PRICE TO BOOK RATIO IS ONE OF THE MOST IMPORTANT FACTOS TO CONSIDER WHEN COMPUTING THE RESPECTIVE VALUES OR PRICE OF THE BANK'S SHARES. HENCE ANY OTHER BANK WHICH WANT TO TAKE OVER OR MERGE WITH AFFIN BANK WILL HAVE TO VALUE AFFIN BANK'S VALUE AT A P/B RATIO MUCH HIGHER AND CLOSER TO THE BANKING SECTOR'S 1.17x. I.E. PAY MUCH MORE THAN RM2.86 FOR AFFIN'S SHARES. IF AT 0.85x THE PURCHASING BANK WILL HAVE TO VALUE AND PAY RM3.80 FOR AFFIN

Posted by darrenliew > 2017-03-31 17:06 | Report Abuse

REGARDING SELLING BY EPF. THEY MAY BE JUST PARING DOWN ITS STAKES TO A CERTAIN STRATEGIC LEVEL. ONCE THIS IS REACHED THEIR SELLING WILL CEASE. THEN AFFIN'S SHARE PRICE WILL CLIMB UP FASTER. EPF MAY ALSO DECIDE TO SUSPEND ITS SALES NOW IN RESPONSE TO AFFIN'S FINAL CASH DIVIDEND OF 4.5 SEN SET TO GO EX IN 1.5 MONTHS TIME

Posted by cheoky > 2017-03-31 17:29 | Report Abuse

kenapa not 50% pat as dividend? penipu punyai

Posted by darrenliew > 2017-03-31 18:18 | Report Abuse

PROBABLY THE 50% PAT DIVIDEND POLICY WAS MEANT TO BE IMPLEMENTED IN THE NEXT FINANCIAL YEAR. I HOPE SO.
ANYWAY AFFIN HAD PAID 15 SEN DIVIDENDS IN 2012 AND 2013. AND ITS SHARE PRICE WAS 4.13 HIGH IN 2013.
AFFIN'S 1Q RESULTS AND PROFITS INCREASING BY RM198M OR 52% Y-O-Y WAS A COMMENDABLE ACHIEVEMENT. INVESTMENT BANKS RECENTLY MET UP WITH ITS MANAGEMENT TO UPDATE THE CORPORATE PLANS AND THEIR REPORTS WERE VERY POSITIVE IN THEIR FINDINGS THAT THE BANKS INTERNAL REORGANISATION PLANS AND ITS AFFINITY PROGRAMMES TO FOCUS ON MORE FEE BASED INCOMES AND TO RAISE OPERATIONS EFFICIENCY /PRODUCTIVITY ARE PROGRESSING WELL. THESE WILL IMPROVE ITS RESULTS IN THE SUBSEQUENT QUARTERS .

I THINK THEY DESERVE OUR SUPPORT FOR THE GOOD JOB DONE LAST YEAR AND THEIR CONTINUING EFFORTS TO REGAIN ITS FORMER GLORY DAYS OF HIGH PROFITS AND DIVIDENDS

Posted by 10bagger10 > 2017-04-02 10:18 | Report Abuse

Lol. Sell half.

Posted by darrenliew > 2017-04-02 11:11 | Report Abuse

1st Price Target RM3.20 coming.

MOST UNDERVALUED AND UNDERPRICED BANK SHARE IN BURSA.

ACTIVE CATALYSTS FOR VALUE EMERGING AND PRICE UPTREND GAINING MOMENTUM WITH BIG PROFIT JUMPS IN COMING QUARTER RESULTS.
RISING DIVIDENDS BASED ON INCREASING PROFITS

Posted by tecpower > 2017-04-03 21:16 | Report Abuse

RCE Capital Berhad is a good stock as well.

Posted by scanner > 2017-04-04 11:43 | Report Abuse

I check and agree to your suggestion. RCE Capital is better prospect investment than affin. RCE have a better position to go higher. Whereas this is a rotten egg compare to RCE with no capital appreciation. We invest not sitting on rotten eggs.

Posted by darrenliew > 2017-04-04 14:52 | Report Abuse

BASED ON ITS RELATIVELY ATTRACTIVE PRICE TO BOOK MULTIPLES OF ONLY 0.64x (AGAINST ITS PEERS IN THE BANKING SECTOR REACHING 1.17x) THERE WAS A CALL BUY ON AFFIN AT RM2.20 JUST 6 MONTHS AGO)

A VERY SMART GUY RESPONDED AND HE SOLD ALL HIS OTHER SHARES TO SWITCH ALL TO AFFIN. NOW HE HAD EMERGED A SOLID WINNER. HE WILL HOLD HIS AFFIN TO RIDE ON ITS UPTREND TO AT LEAST RM3.20 IN THE NEAR TERM , REAPING HIS DIVIDEND REWARD OF 4.5 SEN FIRST. HIS BIGGER REWARD WILL COME WHEN AFFIN CONTINUES ITS STRONG SEQUENTIAL QUARTERLY PROFITS INCREASES .

AS AFFIN'S EARNING RECOVERIES GAIN MOMEMTUM AND LEADING TO HIGHER DIVIDENDS, AFFIN'S SHARE PRICE WILL CONTINUE ITS UPSWING.

REMEMBER AFFIN'S SHARE PRICE WAS ABOVE RM4.00 IN 2013 AND IT PAID 15 SEN DIVIDEND SEACH YEAR DURING 2012 AND 2013

Posted by kktom > 2017-04-04 16:34 | Report Abuse

3.20 coming this month

Posted by darrenliew > 2017-04-05 10:30 | Report Abuse

AFFIN SHARE PRICE CURRENTLY AT 2.88 IS STILL DEEPLY UNDERVALUED AND UNDERPRICED WITH ITS PRICE TO BOOK (P/B) RATIO AT ONLY 0.64x (against its Peers' averaging 1.17x). JUST BY AFFIN'S MOVING ITS P/B TO 0.72x will see its price GOING UP TO RM3.20.

CATALYSTS TO ACHIEVE THIS WILL BE FOREIGN FUNDS' CURRENT CALLS TO OVERWEIGHT MALAYSIAN BANKING SECTOR, AND AFFIN'S CONTINUING EARNINGS RECOVERY AS ALREADY SEEN IN ITS FULL YEAR'S PROFITS. INCREASED BY RM198M TO RM580M OR UP 52% Y/Y.

Posted by Buybuybuy > 2017-04-06 16:00 | Report Abuse

The foreign fund is accumulating the shares as we know that this share is pretty much undervalued in the bank sector. The price has been stabilised for a while and expect to move upward again. Trading buy call 3.80

Posted by shortinvestor77 > 2017-04-06 22:35 | Report Abuse

http://www.sinchew.com.my/node/1631183/贸易强劲复苏．6大出口类股可期

Posted by shortinvestor77 > 2017-04-07 08:54 | Report Abuse

http://www.theedgemarkets.com/my/article/affinhwang-capital-upgrades-banking-sector-overweight

Posted by jackyle > 2017-04-11 17:20 | Report Abuse

Still accumulate mode....... low volume

Posted by titus > 2017-04-13 15:30 | Report Abuse

going south. guess is epf continue to sell.

Posted by jackyle > 2017-04-13 16:06 | Report Abuse

Disposed ady then buy back then ......

Posted by titus > 2017-04-13 16:20 | Report Abuse

u mean u hv dispose and buy back later or epf will buy back later?

Posted by jackyle > 2017-04-14 08:52 | Report Abuse

Titus, I meant epf. I not so powerful to affect the share price :)

Posted by darrenliew > 2017-04-16 21:21 | Report Abuse

SELLING PRESSURE FROM EPF STILL EVIDENT FROM THEIR DISCLOSURES.

THIS MAY BE AGGRAVATED BY THE CURRENT GEO-POLITICAL EVENTS WHICH WILL CONTINUE TO HOG THE NEWS HEADLINES FOR THE NEXT FEW WEEKS :-

IMPORTANT GEO-POLITICAL EVENTS & MARKET RISKS
===============================================
North Korea Defies Trump With Missile Test
by
Kanga Kong
April 16, 2017, 7:09 AM GMT+8 April 16, 2017, 11:10 AM GMT+8
• North Korean missile explodes in test launch day after Kim Jong-un showcases new ballistic arsenal
• Hostilities in the region surge US President Donald Trump sends aircraft carrier-led strike group to the Korean peninsula
• PUBLISHED : Sunday, 16 April, 2017, 8:03am

CRITICAL TIMELINE FOR MORE MISSILE OR NUCLEAR TESTS
------------------------------------------------------------------------------------------
POSSIBLY WITHIN THE NEXT 10 DAYS TO 25TH APRIL.

MOST SIGNIFICANT DATE IS 25/4/2017 BEING THE ANNIVERSARY OF THE FOUNDING OF
-------------------------------------------------------
THE PEOPLES ARMY.


OTHER IMPORTANT GEO-POLITICAL EVENTS AND DATES
------------------------------------------------------------------------------------

USA DEBT CEILING EXPIRED ON 15/3/2017.UNLESS EXTENDED US GOVT TO RUN OUT OF CASH THUS FACING GOVT SHUT DOWN IN A NEXT FEW MONTHS TIME.

FRENCH ELECTIONS ON 23/4/17 AND 3/5/17
------------------------------------------------------------------------
2 LEADING FAR RIGHT CANDIDATES WOWED TO WITHDRAW FROM EU AND EURO
IF THEY WIN. (CAN HAPPEN AS SEEN IN THE UNLIKELY WIN BY PRESIDENT TRUMP AND THE BREXIT)
A FRENCH EXIT OR FREXIT WILL BE FAR MORE DISASTROUS TO THE WORLD ECONOMY AND THE WORLD’S STOCK MARKETS
Le Pen victory could be five times as dangerous as Greece's financial meltdown: UBS
Sam Meredith | @smeredith19
Tuesday, 28 Mar 2017 | 9:19 AM ETCNBC.com



Sylvain Lefevre | Getty Images
Europe could be on track to encounter a shock wave up to five times as turbulent as the start of the euro zone debt crisis if French presidential candidate Marine Le Pen was able to secure victory in May, according to a team of UBS analysts.
Strategists at the Swiss banking giant stressed the prominence of the anti-immigration and anti-European Union National Front leader meant France's fast approaching general election would be the most serious political risk event in the region this year.
France exiting the euro would be the largest sovereign default in history with serious contagion effects
Daniel Lacalle, CIO of Tressis Gestion
Wednesday, 22 Feb 2017 | 1:06 AM ETCNBC.com






Alain Jocard | AFP | GettyImages
A few days ago, David Rachline of the far-right National Front party in France said that "the debt of France is about 2 trillion euros ($2.1 trillion), about 1.7 (trillion euros) are issued under French law, which means that it can be re-denominated."

The economic program of the National Front specifically calls for the exit of the euro and the creation of a new currency, the French franc, which would be "closely" linked to the euro while allowing the government to undertake "competitive devaluations" making the transition in an "orderly way".

There is only one problem. It does not work. There is no "orderly exit" from the euro. It is an oxymoron.

This would be the largest credit event in history and would create a massive contagion effect throughout the euro zone. The euro, obviously, would suffer from the break-up risk, so the fallacy of the "closely linked" second currency is simply a joke. Both would collapse in tandem.
(NEED TO BE AWARE AND ALERT TO SUCH GEO-POLITICAL EVENTS LOOMING IN THE HORIZON )
HighlightsPerform research on stocks before trading. Check out the Price Target page.
0

Posted by shortinvestor77 > 2017-04-17 17:23 | Report Abuse

EPF is a trader, nothing to worry.

Posted by shortinvestor77 > 2017-04-17 17:24 | Report Abuse

US is well taking care of N Korea. Not darrenliew to worry.

Posted by shortinvestor77 > 2017-04-17 17:24 | Report Abuse

China, S Korea and Japan are helping US to take good care of N Korea lah.

Posted by Buybuybuy > 2017-04-18 09:23 | Report Abuse

The shares will test the 2.90 resistance again . Trading buy call 3.80

Posted by darrenliew > 2017-04-20 11:17 | Report Abuse

UPDATES (INDICATIONS ARE GROWING THAT THE GEO-POLITICAL TENSIONS ARE RECEDING WHILE THE ECONOMIC FUNDAMENTALS ARE IMPROVING)

White House: Trump won't draw 'red lines' for North Korea
As Trump warned North Korea, his 'armada' was headed toward Australia (no real intention for any confrontation)

Pence says US will work with Japan, allies to find peaceful North Korea solution(WILL SIGNIFICANTLY REDUCE WAR RISKS )
FRENCH ELECTION. FREXIT ? : UNLIKELY
CENTRIST & PRO-EU CANDIDATE MACRON IS STILL LEADING IN SURVEY POLLS BY 63%
SPEAKER AT RECENT KENANGA INVESTMENT SEMINAR OPINIONED THAT UNLIKE UK WHICH IS NOT BENEFITING MUCH ECONOMICALLY FROM EU, THE FRENCH IS DOING HUGE TRADES WITH ITS EU PARTNERS AND THE FRENCH VOTERS WISH TO RETAIN ITS HUGE ECONOMIC ADVANTAGES BY REMAINING A EU MEMBER. THE FRENCH ONLY AGAINST THE TOO LIBERAL IMMIGRATION POLICIES.

A CONTARIAN STRATEGY TO PROFIT FROM STOCK INVESTMENTS
-----------------------------------------------------------------------------------------------------

Mark Mobius: Here’s what investors need to ‘see through’ if they want to make money






Mark Mobius on global investment risks Tuesday, 18 Apr 2017 | 4:49 PM ET | 01:55

Investors who run the other way when they hear negative headlines are making a big mistake, according to Mark Mobius of Franklin Templeton.
"Situations like we see in North Korea, what we're seeing in the Middle East will be with us for quite some time. But that doesn't mean countries don't continue to grow," he said in a Tuesday interview on CNBC's "Trading Nation."
"We're going to see continued growth," and investors should "see through" negative headlines to the underlying fundamentals, said Mobius, executive chairman of Templeton emerging markets group.
"If you look at the price charts, in dollar terms, for a place like Brazil or India [that] from one time to another has bad headlines, the reality is that stock prices continue to go up in dollar terms, so we've got to keep an eye on those prices," he added.
His remarks come as Bank of America Merrill Lynch's fund manager survey showed that investors are becoming more optimistic about the emerging markets, which include China, India, Brazil and Mexico. Investors "aggressively" bought emerging market stocks in April, propelling allocations to five-year highs, according to the report.
Looking forward, investors ought not to be deterred by a rising interest rate environment in the U.S., according to Mobius.
When considering investing in emerging markets, people have been "so afraid of higher interest rates, not realizing that higher interest rates in the U.S. don't necessarily mean a down market; sometimes interest rates go up and the markets go up. And this has been happening with emerging markets; emerging markets are going gangbusters," Mobius commented Tuesday.

--------------------------------------------------

Posted by darrenliew > 2017-04-20 11:31 | Report Abuse

AGM COMING MONDAY.

Posted by Buybuybuy > 2017-04-20 16:12 | Report Abuse

Trading buy call 3.80. The price will start to move again next week so try to buy the shares now if you have the fund .

Posted by jackyle > 2017-04-20 17:08 | Report Abuse

Mr.1 lot bot in 2.85. Is that a sign?

Posted by shortinvestor77 > 2017-04-20 21:15 | Report Abuse

http://www.sinchew.com.my/node/1635847/盈利改善．大选气氛．银行股有望再涨3个月

Posted by kktom > 2017-04-21 15:48 | Report Abuse

tp 3.20

Posted by jackyle > 2017-04-21 16:24 | Report Abuse

Need big player to eat up 2.9 and break it!

Posted by Buybuybuy > 2017-04-25 09:27 | Report Abuse

Trading buy call 3.80. Most undervalued bank stock in the sector. Foreign fund is flowing in to buy this share. Affin is a possible target to merge with other big bank as the share value Is pretty low now.

Posted by TheContrarian > 2017-04-25 20:45 | Report Abuse

Forgive me! I sold a bit of my Affin call warrants for a 200% gain.

Posted by jackyle > 2017-04-25 21:13 | Report Abuse

Today near to closing suddenly 1M volume road block at 2.94.......

Posted by TheContrarian > 2017-04-25 22:37 | Report Abuse

Sometimes 1M volume is fake.

Posted by jackyle > 2017-04-26 07:23 | Report Abuse

Morning, TheContrarian! Congrats on ur call warrants gain :)

Posted by TheContrarian > 2017-04-26 07:43 | Report Abuse

Still holding a lot more call warrants.

Posted by Buybuybuy > 2017-04-26 11:18 | Report Abuse

Affin is right on track and still very attractive to the foreign fund. The shares is projected to continue the uptrend. trading buy call 3.80

Posted by nikicheong > 2017-04-27 23:11 | Report Abuse

Guys, book value goes hand in hand with ROE. Affin's ROE nothing great. You can call this stock as having an "undemanding valuation" but it isn't exactly undervalued. RHB also looks attractive. Both have undemanding valuations.

Posted by Buybuybuy > 2017-04-28 12:07 | Report Abuse

https://klse.i3investor.com/blogs/candlestick/121575.jsp
Trading buy call 3.80

Posted by ks5S > 2017-05-02 09:47 | Report Abuse

lai-liaw ,,, testing next resistance

Posted by ks5S > 2017-05-03 09:37 | Report Abuse

welcome 3.00

Posted by Buybuybuy > 2017-05-03 09:59 | Report Abuse

3.20 is the next resistance. Today the price will be above 3 mark due to the attractive share price. Trading buy call 3.85

Posted by darrenliew > 2017-05-03 20:17 | Report Abuse

TRYING LOOK KFOR SOME GOOD RESEARCH ON AFFIN
THERE WAS ONE WHICH GAVE ITS FAIR VALUE PRICE AT RM3.75.
WELL ITS PRICE WAS AT RM4.18 ABT 2 1/2 YEARS AGO. ALSO IT IS STILL THE CHEAPEST BANK STOCK LISTED IN BURSA BASED ON ITS LOW PRICE TO BOOK RATIO COMPARED TO ITS PEERS LIKE CIMB AMBANK RHB
AFFINS PROFIT RECOVERY FIRMLY IN PLACE N ITS SHARE PRICE SHOULD ALSO RECOVER

OBSERVED ITS PRICE ACTION LAST 2 WEEKS WERE DECIDELY MORE BULLISH N TRYING TO BREAK OUT ABOVE RM3.OO
WILL UPDATE N SHARE ONCE I HAD RETRIEVED THE RESEARCH PAPER

Posted by Galant > 2017-05-04 17:17 | Report Abuse

took profit today at 2.97...about 30+%. Good luck to everyone else!

Posted by buylow > 2017-05-05 16:37 | Report Abuse

wait to break

Posted by aklobi > 2017-05-06 20:21 | Report Abuse

In Affin for the long haul. all stock & economy signals are positive.. still a long way to go imho.

Posted by kino318 > 2017-05-08 22:17 | Report Abuse

may hv to wait a while as EPF keep throwing..

Posted by i3investorLife > 2017-05-08 22:47 | Report Abuse

No worry.. It's good to hold a little longer first for now.