Too many gloomers again.. Normal Many companies have crashed due to this pandemic but Affin is paying you dividends.. You cannot hide this fact. Buy now or buy higher later.. Glooming and dooming will not work.
Poor results obviously due to Covid-19 loan impairments. When Covid-19 is over there will be impairment write back. Full year results still a profit and there's interim dividend coming. Was hoping to buy at 1.64 but price didn't fall to that level. At least there's no 1MDB scandal.
U CANNOT GO WRONG WITH INVESTING IN A VERY STRONG BANK WITH A GOOD BALANCE SHEET MAH....!!
Mana ala leh ??
Affin still report reasonably profits & pays 3.5 sen dividend mah...!!
Its NTA Rm 4.70 pers share big margin of safety mah...!!
Covid19, loan marotarium surely lower profit loh....when recovery plays come in surely make good monies loh!
don be a pundan mah takut sini, takut sana...!!
Posted by yingzhe17 > Feb 28, 2021 2:15 PM | Report Abuse
Hiring too many ex Ambank staff, become a loser bank. Most of ex Ambank during 1mdb tenure in this bank now. Very worrying.
Posted by TheContrarian > Mar 3, 2021 10:21 PM | Report Abuse
Poor results obviously due to Covid-19 loan impairments. When Covid-19 is over there will be impairment write back. Full year results still a profit and there's interim dividend coming. Was hoping to buy at 1.64 but price didn't fall to that level. At least there's no 1MDB scandal.
TheContrarian..There seems to be a sudden burst of positive news about Affin.. Let's say a RM 3 target maybe achieved within 1-2 years.. Is that a reasonable estimate?
With DBS acquiring Citibank india commercial banking business, how will it play out for Citibank malaysia? WIth Hwang Capital (Name change use to be Hwang DBS) strong partnership in Malaysia ,will Affin stand to benefit from this. Rumours has it Hwang Captial has similar talk to take over the commercial bank as well in Malaysia. They hv sold the commercial banking business to Affin in 2014 however , Affin Hwang capital (part of affin group) might be involve as well to allow the current commercial banking assets of Affin banks to be utilized for this takeover. Time will tell.
How will DBS bank acquire citibank in Malaysia with only 2 branch in KL and Labuan . Will Bank Negara allow a singapore bank license to operate. If they insist on a merger which bank will be interested in ? Affin will now owns only 30% of the insurance business. 1.29 Billion cash acquire. Citibank main profit is from its credit cards and some big banks will have issue of dual cards if they take over as usually citi customers will have another major local banks. Lets see how it play out
Now with insurance business taken care off next on the agenda will be sham affin investment going for IPO sooner. Syabas to the new ltat CEO n his new team.
Whoever buys affin 20% what is the point-unless u control n takeover running the bank n make it profitable more. But bank negara will not approve. So the news is not exactly good for its share price
Dukacita dimaklumkan bahawa YBhg Datuk Seri Ahmad Zaini Othman, Presiden dan Ketua Pegawai Eksekutif MBSB Bank telah kembali ke Rahmatullah pada 15 Ogos 2021, 6 Muharram 1443.
Marilah bersama-sama kita membaca ummul kitab Al-Fatihah. Semoga rohnya dicucuri rahmat dan ditempatkan di kalangan orang yang beriman.
_______________________________________
We are deeply saddened on the passing of YBhg Datuk Seri Ahmad Zaini Othman, MBSB Bank's President and Chief Executive Officer on 15 August 2021, 6 Muharram 1443.
Let us recite the Al-Fatihah and pray that his soul will receive blessings from Allah S.W.T. and that he is placed among the pious.
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 3245 views | 3 d ago
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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....
firehawk
4,782 posts
Posted by firehawk > 2021-02-27 11:32 | Report Abuse
this one is the darling of many sifu and experts, because i
s the cheapest bank stock.......