Posted by Jon Choivo > 2017-06-29 17:13 | Report Abuse

In terms of bank valuations, affin bank appears to be the cheapest now. My valuation is based on (Price to Book) correlated to Return on asset. Banks with high returns on asset (>1%) tend to sell more than book, while those below 1% tend to sell below book.

Total Asset PAT ROA NTA Share price P/NTA P/E ROA/(P/NTA)
MAYBANK 735,956,253 8,567,531 1.16% 6.92 9.59 1.39 14.40 0.84039%
CIMB 485,766,887 5,120,664 1.05% 5.27 6.65 1.26 15.32 0.83570%
PBBANK 380,052,826 5,326,303 1.40% 8.86 20.38 2.30 15.14 0.60900%
RHBBANK 236,678,829 1,817,569 0.77% 5.56 5.09 0.92 12.62 0.83886%
HLBANK 195,007,830 2,217,333 1.14% 10.80 15.38 1.42 15.01 0.79845%
AMBANK 134,767,615 1,420,842 1.05% 5.32 5.10 1.04 11.60 1.01069%
AFFIN 68,886,345 571,355 0.83% 4.54 2.67 0.59 9.12 1.41032%
BIMB 63,145,127 587,751 0.93% 2.59 4.52 1.75 12.88 0.53335%
AFG 54,089,064 496,605 0.92% 3.30 3.95 1.20 11.94 0.76704%
MBSB 43,268,044 180,036 0.42% 1.18 1.36 1.15 29.44 0.36072%

However, one will need to consider if there is an exponential relationship between ROA and P/NTA. Or is it mainly sentiment driving down prices resulting in a mispricing.

Posted by shortinvestor77 > 2017-06-29 21:45 | Report Abuse

http://www.orientaldaily.com.my/s/202611

Posted by shortinvestor77 > 2017-06-29 21:46 | Report Abuse

基于宏观经济明朗和银行估值具吸引力，达证券分析员重申「跑贏大市」投资评级，並喊买安联金融集团和艾芬银行，目標价分別是4.60令吉和3.50令吉。

Posted by Buybuybuy > 2017-07-03 09:59 | Report Abuse

trading buy call 4.20. The price has been corrected and expect to continue the uptrend again.

Posted by titus > 2017-07-06 16:47 | Report Abuse

every day also drops 1 cent. not sure anything to do with the warrant but both warrants expiring 31st July. Need to wait till next month to see the effects.

Posted by shortinvestor77 > 2017-07-06 20:02 | Report Abuse

Right. Accumulating more while waiting.

Posted by jackyle > 2017-07-12 14:56 | Report Abuse

No eyes see....

Posted by titus > 2017-07-13 17:01 | Report Abuse

really everyday down till cw expire by 31st July? like that easily down another 30c oh....

Posted by aklobi > 2017-07-14 16:55 | Report Abuse

I declare that i am now 100% Affin!

Posted by shortinvestor77 > 2017-07-14 17:16 | Report Abuse

Good timing. Welcome to join us.

Posted by jackyle > 2017-07-14 21:37 | Report Abuse

Any good news?

Posted by aklobi > 2017-07-15 20:54 | Report Abuse

Where is our spiritual leader, TheContrarian?? Your outlook plz?

Posted by i3investorLife > 2017-07-17 08:59 | Report Abuse

Corporate reorganize approved by MOF

Posted by shortinvestor77 > 2017-07-17 13:03 | Report Abuse

Hope is good start. But call warrants only expire at the end of this Month. The banks will suppress the price.

Posted by titus > 2017-07-17 14:00 | Report Abuse

That why start buying next week loh.....will get some next week.

Posted by TheContrarian > 2017-07-17 20:20 | Report Abuse

One of the IBs has been selling down Affin last week but today there seems to be no selling pressure.

Posted by TheContrarian > 2017-07-17 20:22 | Report Abuse

aklobi, you need to diversify. Don't put all your eggs into one big basket. Have a few smaller baskets.

Posted by apolloang > 2017-07-17 20:27 | Report Abuse

diversify how to make 1 mil? some win some lose in the end all lose to remisier's commision

Posted by TheContrarian > 2017-07-17 21:33 | Report Abuse

Hey apolloang, you already have multi millions. Why still want to make 1 mil?

Posted by apolloang > 2017-07-17 22:26 | Report Abuse

can u tell me 1 stock can make 1 mil, not from 50 or 100 stocks

Posted by TheContrarian > 2017-07-17 22:30 | Report Abuse

That's Datuk Calvin's specialty. You choose one from his selections, maybe if you buy 10 million L&G, goes up from 22 sen to 32 sen, you make a million. :-)

Posted by apolloang > 2017-07-17 22:37 | Report Abuse

nope datuk calvin got more than 100 counters,u pick for me one enough,like buying 4d only buy 1 number

Posted by TheContrarian > 2017-07-17 23:16 | Report Abuse

L&G has a good chance to hit 32 sen. Trust in Datuk Calvin.

Posted by apolloang > 2017-07-17 23:21 | Report Abuse

I no suka L%G, other stocks please

Posted by aklobi > 2017-07-18 15:18 | Report Abuse

The reason I respect TheContrian is that he gives sincere advice i.e. Diversification. Anyhow, as we discussed previously, there is no stock in KLSE as attractive as Affin. Plus the fact that I'm already diversified by investing in different countries

Posted by TheContrarian > 2017-07-18 16:36 | Report Abuse

aklobi, do a study on Insas. It has over 400 million Inari shares reflected in its accounts at only around 55 sen apiece.The market value of Inari has shot up to over RM2.40 due to aggressive accumulation by KWAP.

Posted by aklobi > 2017-07-19 09:43 | Report Abuse

Thnx TheContrarian.. I will check it out.

Posted by Buybuybuy > 2017-07-21 09:53 | Report Abuse

Trading buy call. Reorganise the company will cut the operation cost and boost the efficient so expect the income to have the strong growth in the coming months. The most undervalued bank share price will move up again after the correction, time to collect the shares if you have the money.

Posted by shortinvestor77 > 2017-07-21 23:07 | Report Abuse

http://www.chinapress.com.my/20170721/寶實得重工業-獲國防部延長合約4-35億/

Posted by RainT > 2017-07-23 15:16 | Report Abuse

The most undervalued bank share price is Affin ???

What a funny statement

Posted by shortinvestor77 > 2017-07-23 16:01 | Report Abuse

Wait and see. Time will tell.

Posted by titus > 2017-07-24 12:04 | Report Abuse

This is the last week warrant expire. I guess that is why the price is press down.

Posted by shortinvestor77 > 2017-07-24 17:22 | Report Abuse

True. In August, it will totally different.

Posted by aklobi > 2017-07-25 23:31 | Report Abuse

The price is holding nicely. My inkling says 2.60 is the bottom for this cycle. Last chance for Affin lovers to get on board.

Posted by aklobi > 2017-07-26 17:46 | Report Abuse

The closings higher is a hint at where we will be going next week :)

Posted by be kind > 2017-07-26 18:06 | Report Abuse

why next week , not tomorrow?

Posted by titus > 2017-07-26 20:12 | Report Abuse

I thought will press down till next monday. No meh? Average 5 days price for the warrant calculation.

Posted by titus > 2017-07-27 10:55 | Report Abuse

bought some today.....

Posted by Beza > 2017-07-27 10:56 | Report Abuse

Till next Monday.

Posted by titus > 2017-07-27 11:00 | Report Abuse

buying some and to keep. Where to find bank with Pe below 10, half the NTA and DY is ok only but something to look forward to. With increasing inflation and interest rate hike across the region, i think it should be safe kua.

Posted by Beza > 2017-07-27 11:15 | Report Abuse

It will give 50% net profit as div this financial year (with DRS). Last financial year they claimed it was not allowed to give more by Bank Negara. But with Dividend Reinvestment Plan, they can do that as more cash can be reserved.

Posted by Beza > 2017-07-27 11:23 | Report Abuse

We can make more money when price is low.

Posted by titus > 2017-07-27 12:48 | Report Abuse

Beza, now is not low enough???

Posted by titus > 2017-07-27 12:49 | Report Abuse

you expecting it to drop more after next monday??

Posted by titus > 2017-07-27 16:00 | Report Abuse

all throw at 2.58 been eat up. Even small units....some one accumulating?

Posted by shortinvestor77 > 2017-07-27 17:07 | Report Abuse

2.57 is really low, titus. Can buy.

Posted by titus > 2017-07-27 17:21 | Report Abuse

ya....i bought more today....hehe

Posted by titus > 2017-07-28 16:43 | Report Abuse

i accumulated so much of affin until i become scared. Dunno right decision o not.

Posted by aklobi > 2017-07-28 18:02 | Report Abuse

titus.. my portfolio is 100% Affin, and 0% cash.. I'm confident. Don't worry.

Posted by titus > 2017-07-28 21:38 | Report Abuse

Aklobi, what is your average price?