Posted by Nepo > 2022-12-29 14:46 | Report Abuse

Details of corporate proposal Dividend reinvestment plan applicable to the special dividend and interim dividend in respect of the financial year ending 31 December 2022 ("5th DRP")
No. of shares issued under this corporate proposal 61,559,377
Issue price per share ($$) Malaysian Ringgit (MYR) 1.8500
Date of listing: 30 Dec 2022

Posted by Nepo > 2022-12-29 17:49 | Report Abuse

Let see what is going to be tomorrow..?

Posted by Jeffreyteck > 2023-01-03 12:56 | Report Abuse

Why still haven't received the cash dividend?

Posted by Nepo > 2023-01-03 13:39 | Report Abuse

Can buy already
I today quote buy 2.02

Posted by Nepo > 2023-01-03 18:56 | Report Abuse

Successfully Bought at RM 2.02

Posted by Nepo > 2023-01-10 19:12 | Report Abuse

Deals of 2022: Best Mergers & Acquisitions - Affin Bank’s divestment of AHAM a sweet deal for all - The Edge Markets http://www.theedgemarkets.com/node/649923#.Y71HrMVxy3g.whatsapp

Posted by Nepo > 2023-01-10 19:16 | Report Abuse

While there were concerns among analysts about how Affin Bank would plug the earnings hole left by AHAM — the latter accounted for 20% to 30% of group earnings — it was nevertheless seen as a deal too good to be passed up.

The offer from CVC came at a time when the group urgently needed funds to feed its fast-growing Islamic banking business.

“We felt if we didn’t take the offer, we might never get another offer with similar valuations,” president and group CEO Datuk Wan Razly Abdullah Wan Ali said in a recent interview with The Edge.

The divestment, which was completed on July 29, enabled Affin Bank to recognise a net gain of RM1.063 billion, the bulk of which will be used to fund its core banking activities and for working capital.

It also helped lift its common Equity Tier-1 ratio, a key indicator of capital strength, to 16.3% as at end-September, from 13.4% three months earlier, well above the industry’s 15.1%.

Affin Bank was then able, in the third quarter, to strengthen its loan loss coverage ratio to 112.25%, from a mere 80% three months earlier, putting it more in line with the industry.

Posted by ZenSen > 2023-01-12 09:40 | Report Abuse

after the recent divestment, Affin share NAV is still worth RM4.66??

Posted by stockraider > 2023-01-12 11:52 | Report Abuse

Very attractive investment mah!

Posted by aklobi > 2023-01-12 15:02 | Report Abuse

I am patiently waiting to buy more at a price I like. Already got lots of Affin. But cash is king.

Posted by Nepo > 2023-01-12 20:59 | Report Abuse

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Posted by TheContrarian > 2023-01-12 22:39 | Report Abuse

@ZenSen, after the disinvestment, Affin's NAV went up to RM4.95 before the dividend payout.

Posted by troy88 > 2023-01-16 15:46 | Report Abuse

after consolidation Affin should rise again..

Posted by troy88 > 2023-01-18 10:12 | Report Abuse

slowly creeping back up..

Posted by loribalak > 2023-01-20 18:04 | Report Abuse

Collect collect collect

Posted by aklobi > 2023-01-24 08:02 | Report Abuse

I still have unused cash divs. Need a good bargain stock.. my criteria for a good bargain:
1- low pe ratio
2- high book value
3- nearer to 52 week low price
4- regular divs..
5- No financial troubles..
Any suggestions?

Posted by Income > 2023-01-24 09:23 | Report Abuse

Anak lobi, just buy Affin until you finish your cash

Posted by jeffrey1166 > 2023-01-24 15:56 | Report Abuse

lobi keep focus on affin only

Posted by TheContrarian > 2023-01-25 07:27 | Report Abuse

@aklobi, try Mycron.

Posted by Nepo > 2023-01-25 15:33 | Report Abuse

Today i take out my last reserve and topped up Affin @ RM 2.09

Wish my luck in Affin

Posted by stockraider > 2023-01-27 08:48 | Report Abuse

Opportunity loh!

Posted by jeffrey1166 > 2023-01-27 15:03 | Report Abuse

me too keep buying

Posted by TheContrarian > 2023-01-27 17:35 | Report Abuse

Anyone bought Mycron?

Posted by aklobi > 2023-01-28 05:16 | Report Abuse

TheContrarian.. monitoring bought a little Mycron

Posted by TheContrarian > 2023-01-29 10:54 | Report Abuse

aklobi, that's good.

Posted by ZenSen > 2023-01-31 10:07 | Report Abuse

what will be the expected Affin dividend yearly?

Posted by jeffrey1166 > 2023-01-31 15:55 | Report Abuse

0.12 around

Posted by TheContrarian > 2023-02-01 20:39 | Report Abuse

I think dividend policy is 50% payout of net profit.

Posted by Income > 2023-02-01 22:50 | Report Abuse

100 plus satu

Posted by troy88 > 2023-02-02 09:36 | Report Abuse

Slowly coming back. Looks like cheap sale RM2 habis already..

Posted by stockraider > 2023-02-02 11:02 | Report Abuse

can buylah!

Posted by speakup > 2023-02-02 21:19 | Report Abuse

https://www.theedgemarkets.com/node/653819

Posted by Nepo > 2023-02-18 10:27 | Report Abuse

NTA = RM4.95 per share as at 30 Sept 2022
Share price as at 17 Feb 23 RM 2.07
Share price/NTA=RM2.07/RM4.95 = RM0.42

Probably is the lowest in the bank sector.

Going to top up some next week.

Posted by TheContrarian > 2023-02-18 22:16 | Report Abuse

EPF keeps selling.

Posted by speakup > 2023-02-18 22:20 | Report Abuse

No wonder EPF dividend so low, they sell cheap

Posted by TheContrarian > 2023-02-20 13:57 | Report Abuse

EPF sells cheap we buy.

Posted by Nepo > 2023-02-23 19:11 | Report Abuse

Probably Epf sells to enable them to pay dividend to Epf members

Posted by aklobi > 2023-02-23 22:35 | Report Abuse

If it goes lower than 2 I am going to transfer funds from Saudi.. So happy with my Malaysia investment..

Posted by Markv572421 > 2023-02-24 15:18 | Report Abuse

Affin Bank x boleh pakai laa

Posted by TheContrarian > 2023-02-27 22:58 | Report Abuse

QR out, proposed 7.77 sen final dividend.

Posted by aklobi > 2023-02-27 23:50 | Report Abuse

@TheContrarian, any reason why the 4th Quarter results were in the red?

Posted by TheContrarian > 2023-02-28 05:28 | Report Abuse

@aklobi , 4th qtr eps is 6.37 sen.

Posted by Nepo > 2023-02-28 05:42 | Report Abuse

f transformation journey with the A25 Plan, which runs from 2023 to 2025.

The bank said its next three years will see it focusing on three key strategic objectives as part of A25 Plan namely - unrivalled customer service, digital leadership and responsible banking with impact.

Affin Bank also said it aims to be the most creative financial company in the country.

Posted by Nepo > 2023-02-28 05:45 | Report Abuse

QR result is ok
Actually profit is higher than last QR if not counting Deferred Tax which is accounting tax

Posted by ValuePicks > 2023-02-28 09:23 | Report Abuse

Looks cheap at this price. P/e ratio very low.

Posted by TheContrarian > 2023-02-28 10:31 | Report Abuse

EPF might still be dumping.

Posted by aklobi > 2023-03-01 00:06 | Report Abuse

Sadly the ship has sailed otherwise I would have increased my holding.

Posted by TheContrarian > 2023-03-01 22:29 | Report Abuse

Hasn't really sailed off yet

Posted by TheContrarian > 2023-03-02 16:13 | Report Abuse

Added Affin at 2.06 today.

Posted by calvintaneng > 2023-03-02 21:54 | Report Abuse

Boustead a high debt laden co

Boustead group of companies

Affin bank
Bplant
Bhic
Pharmaniaga

Affin Bank
Under bank negara control

Already paid 30 sen dividend to help Boustead but insufficient

Pharmaniaga
In deep impairment due to unsold vaccines
Payables caused losses and triggered Pn17
And the sell down

Bhic
Another lemon

Bplant
This is the golden goose
Lands of 220,000 acres worth multiple billions if sold to unlock cash and ultimate helper of last resort

Verdict is go buy bplant and hold