AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.89

Today's Change

-0.07 (2.36%)

Day's Change

2.88 - 2.95

Trading Volume

1,290,000


4 people like this.

4,112 comment(s). Last comment by TheContrarian 6 hours ago

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-09 08:51 | Report Abuse

Trading buy call 3.80. 3 mark resistance will break by today and time to collect the shares before it is too late.

Mittens

234 posts

Posted by Mittens > 2017-05-11 16:52 | Report Abuse

Dividend coming Monday!

Mittens

234 posts

Posted by Mittens > 2017-05-11 16:53 | Report Abuse

Buy now for ex Div 15/5

aklobi

316 posts

Posted by aklobi > 2017-05-11 17:05 | Report Abuse

Sorry guys.. had a change of heart:
3.05 resistance + ex date 15 may = likely goes down 16 may.. + i made good profit from 2.11 = sold

Mittens

234 posts

Posted by Mittens > 2017-05-11 19:37 | Report Abuse

AFFIN 5185
http://www.klsescreener.com/v2/stocks/view/5185
NTA= RM 4++?

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-12 10:29 | Report Abuse

Accumulate stage is almost over and expect the shares moves to 3 mark anytime soon. Time to collect the shares when the price is still low and dividend will be entitled on monday. Trading buy call 3.80

titus

4,165 posts

Posted by titus > 2017-05-12 15:12 | Report Abuse

major bank like cimb, maybank and RHB keep on going up. Sooner or later, affin will play catch up.

Posted by Equityengineer > 2017-05-12 15:58 | Report Abuse

Added AFFIN bank to my portfolio today

Mittens

234 posts

Posted by Mittens > 2017-05-12 16:18 | Report Abuse

Just hold one more working day and get 4.5 cts div

Posted by Equityengineer > 2017-05-12 16:24 | Report Abuse

Will hold till quarter report , with OPR maintain at 3% should be good for Banks

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-16 21:58 | Report Abuse

Not the time to sell Affin. Coming QR should be good again because all banks have stockbroking subsidiaries and all stockbrokers making lots of money.

nikicheong

2,546 posts

Posted by nikicheong > 2017-05-17 00:57 | Report Abuse

Lol man stockbroking is just a tiny bit of income and revenue to Affin. Their bread and butter is credit. Looks like a good buy but sadly I wasn't in the market last year so couldn't take advantage of this bargain. Keep it on my watchlist but I think there are better bargains out there. Should still be a decent secular growth stock going forward though. Might consider strongly if it retraces to ~RM2.50-2.65.

titus

4,165 posts

Posted by titus > 2017-05-17 16:07 | Report Abuse

BIMB hitting all year high. I guess bank will report better profit than last QR.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-17 21:37 | Report Abuse

Affin now owns the former HwangDBS stockbroker. Contribution from the stockbroking will be huge.

aklobi

316 posts

Posted by aklobi > 2017-05-18 01:13 | Report Abuse

With respect to The Contrarian, I tend yo agree with nickicheong. My gut feeling (which I trust most of the time) says that Affin needs to take a deep breath and retreat to at least 2.7, 2.6 and possibly 2.5 before trying to climb above 3.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-18 08:44 | Report Abuse

Affin hasn't climbed above RM3 mainly because EPF had been selling. With overall market bullish there's no way it will go to 2.7.

aklobi

316 posts

Posted by aklobi > 2017-05-18 12:25 | Report Abuse

A correction is necessary and healthy to the stock. I believe Many Affin lovers, including me, feel that buying the stock without the correction occuring is risky. I sold @2.95 and am willing to board the ship again when it refuels. I won't board the ship in the open seas while some investors are actually fleeing.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-18 18:54 | Report Abuse

Try to buy back at around 2.82 before the QR is released by end of the month.

aklobi

316 posts

Posted by aklobi > 2017-05-19 18:34 | Report Abuse

TheContrarian just beware of one thing.. maybe traders have factored in the price an exaggerated expectation that Affin Hwang would have good results. If QR comes out "normal" or "mediocre", Affin may go down- sharply.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-19 18:46 | Report Abuse

There's a huge safety margin as Affin is trading at way below its net assets value of above RM4. Affin also has no exposure of O&G clients. All bank counters are climbing. Affin has always been a laggard, the last to climb. There's absolutely no downside risk but plenty of upside.

Posted by shortinvestor77 > 2017-05-19 22:16 | Report Abuse

You got some points. Bought more at 2.84.

darrenliew

1,046 posts

Posted by darrenliew > 2017-05-19 22:59 | Report Abuse

ANOTHER IMPORTANT POSITIVE IS ITS PROFIT RECOVERY IS FIRMLY ON TRACK.

LATEST FY 2016 REGISTERED A 51% INCREASE Y-ON-Y (UP RM 198M)
THE PROFIT JUMP IN ITS RECENT 4Q WAS VERY IMPRESSIVE. (177M AGAINST LAST CORRESPONDING 100M I.E.HIGHER BY 77%)

AS CONFIRMED AFFIN BANK HAS NO EXPOSURE TO THE DEPRESSED O&G SECTOR.

THE COMING 1Q PROFIT WILL BE STRONGER AND THIS WILL PROPEL ITS SHARE PRICE UP WHEN IT ANNOUNCE ITS RESULTS BY THIS MONTH END

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-23 14:47 | Report Abuse

Good quarter result will release soon so time to buy the shares now before it goes above 3 mark. Trading buy call 3.80

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-23 17:18 | Report Abuse

Those who sold above RM2.95 should buy back at RM2.82 before QR released.

titus

4,165 posts

Posted by titus > 2017-05-24 16:54 | Report Abuse

wondering is affin releasing the QR today

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-24 18:45 | Report Abuse

No, always last day of the month.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-24 18:47 | Report Abuse

CIMB released very good QR and share price went up. Can Affin do as well?

Posted by shortinvestor77 > 2017-05-24 21:15 | Report Abuse

Surely can. May bank as well. Not RHB.

ks5S

4,601 posts

Posted by ks5S > 2017-05-24 21:39 | Report Abuse

affin back up by boustead. All the military deal in bhic handle by affin. Sure making good profit this quarter.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-24 22:15 | Report Abuse

Affin also now owns a strong Affin-Hwang stockbroker.

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-25 08:46 | Report Abuse

Buy now before the price goes up like cimb. Financial report will be released soon. Trading buy call 3.80

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-25 10:36 | Report Abuse

The great quarter result is over the expectation and the share price will goes above 3 once the quarter result release so time to buy now. Trading buy call 3.80

suregain

1,611 posts

Posted by suregain > 2017-05-25 11:16 | Report Abuse

bought 2.89

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-25 11:23 | Report Abuse

most under valued share in the bank sector will be awake when the latest quarter result release. Time to buy now before it's too late. The entry point still consider low as the target price will be review again. Latest target price 4.20

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-25 13:28 | Report Abuse

Told you guys to buy @ 2.82. It won't fall to 2.70.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-25 13:29 | Report Abuse

Some people would rather buy Parkson @ 64 sen than Affin @ RM2.82.

aklobi

316 posts

Posted by aklobi > 2017-05-25 14:17 | Report Abuse

TheContrarian.. I did buy some quantity @2.82 again. But not as much as I sold @2.95. I still have orders @ 2.81 & 2.80 that were not filled.

aklobi

316 posts

Posted by aklobi > 2017-05-25 14:23 | Report Abuse

TheContrarian, what other stocks in the market that have similar potential to Affin and HAVE NOT RISEN MUCH yet. I'm looking for stocks similar to Affin when it was around the price of 2.10.

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-25 14:58 | Report Abuse

Affin will be the best choice in the bank sector as the shares has been much undervalued. After the major transformation to the affin group, the profit will increase significantly and this will be showing in the coming quarter result. Target price 4.20

suregain

1,611 posts

Posted by suregain > 2017-05-25 16:36 | Report Abuse

maybank cimb ambank all erase gains... beware

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-25 17:03 | Report Abuse

aklobi, you can't find stocks at such bargain price as RM2.10 now as market is turned bullish. I myself bought Affin @ RM2.09 then but sold off @ RM2.29 in November to switch to Affin-CV @ 17 sen. Past three days I was screaming at people to buy Insas before the QR released. Today it has gone up but still very much undervalued.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-25 17:04 | Report Abuse

I asked you to buy back Affin @ 2.82 because from my observation that's the lowest it will go for now. It won't even touch 2.81.

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-25 21:17 | Report Abuse

aklobi, I see that you only invest in Affin and has invested in it for three years at least. Affin is very much undervalued. There's no other bank that you can buy at a price below net assets value. My advice is do not sell in a hurry. There's much upside so long as the overall stock market is bullish.

aklobi

316 posts

Posted by aklobi > 2017-05-25 22:47 | Report Abuse

Ok.. i'm actually in love with the stock tbh.. which is bad in a way.. but stocks need to correct from time to time.. i bought again with 30% of my capital @2.82.. willing to buy again if the price is right.. and yea TheContrarian, plz keep up the good work!

reena

46 posts

Posted by reena > 2017-05-26 09:30 | Report Abuse

Suregain, what's the meaning of "maybank cimb ambank all erase gains"?

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-05-26 09:32 | Report Abuse

Trading buy call 4.20. the good quarter result will be released soon so buy now before the price goes up.

suregain

1,611 posts

Posted by suregain > 2017-05-26 09:45 | Report Abuse

sold 2.922... small gain,thx...

Posted by Koh Wee Kiat > 2017-05-26 16:29 | Report Abuse

until now happen announce the result something wrong

TheContrarian

9,498 posts

Posted by TheContrarian > 2017-05-26 16:56 | Report Abuse

Overall stock market bearish.

jackyle

584 posts

Posted by jackyle > 2017-05-26 20:20 | Report Abuse

Let the market to decide on Monday.......

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