Posted by shortinvestor77 > 2017-05-26 20:52 | Report Abuse

Result is out finally. 6.19 cents net profit.

Posted by suregain > 2017-05-26 21:16 | Report Abuse

Luckily I sold. No surprise

Posted by shortinvestor77 > 2017-05-26 21:25 | Report Abuse

Business is growing. Good new.

Posted by TheContrarian > 2017-05-26 22:00 | Report Abuse

suregain, you bought high @ 2.89.

Posted by onward > 2017-05-26 22:12 | Report Abuse

any sifu comment on the recent result? a bit disappointed to me

Posted by suregain > 2017-05-26 22:14 | Report Abuse

I sold 2.922.. so stil made small gain

Posted by TheContrarian > 2017-05-26 22:30 | Report Abuse

I don't play contra. I usually hold for a minimum of 30% gain.

Posted by Apollo Ang > 2017-05-26 22:37 | Report Abuse

this lousy bank ATM wanna apply 100,000 units of EWI also cannot,maximum transfer of 50k only per day

Posted by aklobi > 2017-05-29 10:28 | Report Abuse

My gut feeling was right after all??

Posted by TheContrarian > 2017-05-29 12:19 | Report Abuse

Affin-CU call warrants issued by Kenanga expires on 6rh June. Kenanga selling off its holding of Affin shares.

Posted by suregain > 2017-05-29 12:51 | Report Abuse

sell la... wasting ur resources only, stuck your money in affin saje.. go buy petronm and hengyuan la... made very good profit ma.. ppl wil chase one

Posted by Buybuybuy > 2017-05-29 13:57 | Report Abuse

Trading buy call 4.20. The financial result right on track and will be improve in the coming quarters. Buy when the share price is low and expect better return soon.

Posted by Beza > 2017-05-29 14:02 | Report Abuse

Improving result. Buy! Buy! Buy! Now holding more than 200 lots.

Posted by TheContrarian > 2017-05-29 14:37 | Report Abuse

Kenanga will push down Affin until its call warrants expire next Monday.

Posted by Buybuybuy > 2017-05-29 14:45 | Report Abuse

now the affin price looks very attractive and can start collecting the shares if you have the money. Target price 4.20

Posted by TheContrarian > 2017-05-29 15:10 | Report Abuse

No rush, have until end of the week to accumulate.

Posted by suregain > 2017-05-29 16:22 | Report Abuse

sel la... tp 4.2? i think u r dreaming

Posted by TheContrarian > 2017-05-29 16:43 | Report Abuse

4.20 not possible.

Posted by Apollo Ang > 2017-05-29 16:44 | Report Abuse

3.20 pun tak boleh lah cakap besar 4.20

Posted by aklobi > 2017-05-29 16:45 | Report Abuse

TheContrarian: 1- I deserve credit for my previous outlook, can I have it at least?
2- I still trust you and need to ask you: what's the lowest this stock can go from now on?

Posted by TheContrarian > 2017-05-29 19:00 | Report Abuse

aklobi, your guts feeling turned out correct. Affin results is good but price fell because of two reasons, potential buyers have stayed away as overall market has turned bearish and Kenanga is dumping Affin shares which they bought last year when they issued the cal warrants Affin-CU.

Posted by TheContrarian > 2017-05-29 19:02 | Report Abuse

I intend to buy Affin-CV after I determine Affin has bottomed out, likely by Friday.

Posted by shortinvestor77 > 2017-05-29 20:31 | Report Abuse

TP 3.2 to 3.5

Posted by jackyle > 2017-05-29 20:43 | Report Abuse

Thecontrarian I tot u got CW ady? Still want to add CV...... CW gearing better than CV right? Correct me if I'm wrong

Posted by TheContrarian > 2017-05-29 20:56 | Report Abuse

I don't have CW, I only have CV. CW exercise price is RM2.40, CV exercise price is only RM2.15. Ratio for CW is two warrants for one share, ratio for CV is one warrant for one share. Both have same expiry date of end of July.

Posted by jackyle > 2017-05-29 22:01 | Report Abuse

Thanks for the explanation

Posted by tokohM > 2017-05-30 09:14 | Report Abuse

TheContrarian, is it safe that if my bought price is 2.89?

Posted by jackyle > 2017-05-30 10:49 | Report Abuse

Got fund keep disposing at 2.72 ........

Posted by TheContrarian > 2017-05-30 11:51 | Report Abuse

I think Kenanga had around 4 million shares to sell which they started selling yesterday. Their cost is below RM2.50.

Posted by TheContrarian > 2017-05-30 11:52 | Report Abuse

tokohM, you bought high. You need to average down.

Posted by darrenliew > 2017-05-30 12:04 | Report Abuse

IS THIS HOW CALL WARRANTS WORK?
THE ISSUER OF THE CW HAS TO INITIALLY BUY AND HOLD THE SHARES AS COLLATERAL FOR THE CW ISSUED (COLLATERISED/SECURITY TO BACK UP THE CW IN CASE THE ISSUER LOST MONEY AND HAS TO PAY THE EXPIRED CW ON MATURITY DATE. CASH SETTLED FORMULA.
BESIDES PROVIDING THE COLLATERAL FOR THE CW ISSUED, THE ISSUER ALSO BUYS N HOLD THE MOTHER SHARES AS A HEDGE WITH THE CAPITAL GAINS( MOTHER SHARES BOUGHT AT LOW PRICES AND NEAR MATURITY DATE SELL SUCH SHARES N MAKES PROFITS TO PROTECT ITSELF AGAIN CASH SETTLED LOSSES.
IN THIS WAY THEY ARE ALSO DOUBLY PROTECTED AGAINST LOSSES BY SELLING AND PRESSING DOWN THE MOTHER SHARES SO THAT THE FORMULa will work in its favour

Posted by jackyle > 2017-05-30 12:04 | Report Abuse

CW volume quite closed to the mother volume. Wonder who keep collect

Posted by darrenliew > 2017-05-30 12:08 | Report Abuse

IF THIS THE WAY CW WORKS, WE HAVE TO BE CAREFUL AS ITS DOES NOT SEEM FAIR TO CALL WARRANTS INVESTORS

Posted by darrenliew > 2017-05-30 12:11 | Report Abuse

THE SELLDOWN OF THE 4M MOTHER SHARES WILL BE AN OVERHANG PRESSURE ON THE MOTHER SHARE PRICE

Posted by darrenliew > 2017-05-30 12:14 | Report Abuse

IN ADDITION WE ARE ALREADY FACING SELLING FROM EPF.

Posted by Buybuybuy > 2017-05-30 12:19 | Report Abuse

The foreign fund is the main seller and expect the local institute starts collecting the shares. target price 4.20. I

Posted by darrenliew > 2017-05-30 12:23 | Report Abuse

BUT AS FAR AS WE KNOW, FOREIGN FUNDS PRESENTLY DO NOT HOLD ANY AFFIN SHARES.
SO FAR THEY ONLY BUY THE OTHER BANK SHARES ESPECIALLY MAYBANK AND CIMB

Posted by darrenliew > 2017-05-30 12:33 | Report Abuse

ONE IMPORTANT LESSON I LEARNT TODAY. WHEN BUYING ANY SHARES, NEED TO CONFIRM IF SUCH SHARES ALREADY HAVE CWs ISSUED AGAINST THEM AS THESE ARE NEGATIVE FACTOR HINDERING THE SHARE PRICES OF THE MOTHER SHARES

Posted by TheContrarian > 2017-05-30 12:50 | Report Abuse

darrenliew, your understanding is very good.

Posted by TheContrarian > 2017-05-30 13:00 | Report Abuse

jacklye, Affin-CW is selling at a premium. Remember 2 warrants plus RM2.40 exercise price. The buyers punting it are confident Affin will go above RM2.80 before expiry at end of July.

Posted by darrenliew > 2017-05-30 13:27 | Report Abuse

but both CW AND CV are down today.

Posted by darrenliew > 2017-05-30 13:35 | Report Abuse

ALSO CW TOTAL COST EXCEEDS MOTHER SHARE PRICE.

Posted by Beza > 2017-05-31 15:21 | Report Abuse

http://klse.i3investor.com/blogs/midfresearch/124261.jsp
High OPEX for now but will bring cost savings. The high OPEX registered in 1QFY17 was due to investments done for its transformation program. Amongst the cost incurred were additional staff (approx. 200 extra), and IT cost stemming from a change in vendor. However, the additional IT cost will result in savings to be realised in 2HFY17. Amount expected around RM25-28m. As such, management expect CI ratio to fall below the 60% level by end FY17.

Posted by Equityengineer > 2017-05-31 15:39 | Report Abuse

If the CW convert after expiry the price will surge ??

Posted by syevanee > 2017-05-31 16:34 | Report Abuse

why price fall so steep...??

Posted by darrenliew > 2017-05-31 16:41 | Report Abuse

GOT TOTAL 3 CWs

Posted by shortinvestor77 > 2017-05-31 17:20 | Report Abuse

AFFIN 31-May-2017 Price Target Affin Holdings - Change In Focus Bearing Result
Source : MIDF, Price Call : BUY, Price Target : 3.30
Last Price : 2.67, Upside/Downside : +0.63(23.60%)
AFFIN 31-May-2017 Price Target Affin Holdings - Healthy NIM Ahead
Source : KENANGA, Price Call : HOLD, Price Target : 2.90
Last Price : 2.67, Upside/Downside : +0.23(8.61%)
AFFIN 31-May-2017 Price Target Affin Holdings - Clear the air on asset quality
Source : HLG, Price Call : HOLD, Price Target : 2.80
Last Price : 2.67, Upside/Downside : +0.13(4.87%)

Posted by TheContrarian > 2017-05-31 17:24 | Report Abuse

Buy Affin only after Kenanga has completed their disposal of 4 million shares.

Posted by aklobi > 2017-05-31 17:55 | Report Abuse

Bought today some.. will buy more @ lower prices until friday

Posted by TheContrarian > 2017-05-31 18:56 | Report Abuse

aklobi, I'll enter only on Friday.