Affin Bank actually can play, but must depend on all those big brothers. They move, Affin will move.. Banking sector we will be the 1st to recover in any economy upturn. Construction will be second. I don't expect Property to recover in at least 3 years.
Sifu TheContrarian thanks for your support on Affin. Lucky got sapu at lowest . Sifu I feel Maa also cheap Maybe can buy and made good profit Maa also a financial counter which will up sooner or later. All the best and huart Cai on Affin and Maa
Ivan, MAA is no longer a financial counter having sold off its insurance business to Zurich. I took profit on some Affin at 1.61 last week as I expect coming QR will be poor due to loan moratorium.
It's nothing new, the proposed IPO is in Affin's strategic plan to monetize its investment in the asset management subsidiary. There's a good chance that shareholders in Affin will be given blue forms to subscribe for the IPO. One fine day Affin will turn into a star performer. In the meantime I plan to buy more Affin.
from a full blown detonation at 1.77 all the way to 1.370 now having rebound it to a 1.720 the momentum looks gorgeous in sight hahahahahaha if u missed out on 1.370 u can now scalp it to 2.00 hahahahahaha
Posted by TheContrarian > Nov 24, 2020 3:33 PM | Report Abuse
Ivan, MAA is no longer a financial counter having sold off its insurance business to Zurich. I took profit on some Affin at 1.61 last week as I expect coming QR will be poor due to loan moratorium.
For those serious mature sensible minded long term investors among y'all ... Do consider TopGlove as another egg in the basket, another arrow in the quiver, another string to the bow
Bonus issues: 2002 3:10 ==> 2,600 units 2003 2:5 ==> 3,640 units 2005 1:1 ==> 7,280 units 2007 2:5 ==> 10,192 units 2010 1:1 ==> 20,384 units 2016 1:1 ==> 40,768 units 2018 1:1 ==> 81,536 units 2020 2:1 ==> 244,608 units
Today 244,608 units x RM8.70/unit = RM2,128,089
Capital Appreciation = From RM5,400 to RM2,128,089 in just 19 years
This is clear solid undoubtable undeniable evidence of the awesome benefit by way of exponential growth that you get from investing long term in TopGlove
Anyways, this is not a call for buy or sell, but just sharing of some inspirational motivational confidence-building information.
MCO 2.0 is coming, so all banks will back to square one. Also there could be a possible general election in covid19 period, all investors want to keep cash.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3324 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gohkimhock
3,061 posts
Posted by gohkimhock > 2020-11-19 22:12 | Report Abuse
Affin Bank actually can play, but must depend on all those big brothers. They move, Affin will move.. Banking sector we will be the 1st to recover in any economy upturn. Construction will be second. I don't expect Property to recover in at least 3 years.