Posted by beluga > 2024-01-30 17:41 | Report Abuse

https://theedgemalaysia.com/node/699142
"We are more or less conclusive in terms of our discussions with LTAT" ... means it's confirm.

Posted by Bursino > 2024-01-30 18:54 | Report Abuse

.....whatever remained are mere formalities.

Posted by TomyamGong > 2024-01-30 19:00 | Report Abuse

Not confirmed yet. So...continue goreng? Lol

Posted by aklobi > 2024-01-30 19:14 | Report Abuse

The hype about the 3 O'clock announcement today was exaggerated hence I made the decision to sell and lock in profits. Yes, we are witnessing a new era for Affin, but we are still in the very very early days. My humble prediction (I could be wrong) is that we might return to below MYR 2.2 levels and might even touch MYR 2 levels before we proceed to MYR 3 levels. I welcome a good informative debate that can dispute my prediction.

Posted by aklobi > 2024-01-30 19:14 | Report Abuse

The hype about the 3 O'clock announcement today was exaggerated hence I made the decision to sell and lock in profits. Yes, we are witnessing a new era for Affin, but we are still in the very very early days. My humble prediction (I could be wrong) is that we might return to below MYR 2.2 levels and might even touch MYR 2 levels before we proceed to MYR 3 levels. I welcome a good informative debate that can dispute my prediction.

Posted by Bursino > 2024-01-30 19:24 | Report Abuse

The Premier said his state has been encouraged by Affin Bank's good performance.

They paid RM1.97 to see the cards and realised the set of cards is definitely worth more than RM1.97.

Posted by aklobi > 2024-01-30 20:34 | Report Abuse

@Bursino, that's very encouraging. I have always believed in Affin performance. My question is, the latest price performance justified or is it based on pure speculation. Are we, for example, going to see higher div payouts soon as a result?

Posted by moven00 > 2024-01-30 21:14 | Report Abuse

@ aklobi
You and me know the answer la. Tomorrow onwards tapau…. All is hype to make a kill and bay for retailers blood la.

Posted by moven00 > 2024-01-30 21:16 | Report Abuse

You see the push downwards after 4.30pm. What want to lepaskan those who chase high today? Shark dapat apa? Crazy ah. They don’t force retailers to buy…. Retailers are Greedy.

Posted by aklobi > 2024-01-30 21:27 | Report Abuse

@movennu, I respect your view but I disagree that there is a conspiracy against retailers. What happened is consistent with my 25 year experience in share investing. News > price movement > rumours > speculation > price hype > bubble explosion > settlement of price to reflect fundamentals.

Posted by Bursino > 2024-01-30 21:34 | Report Abuse

Sir, I don't have an answer to your question.

My simple reasoning. Assuming the deal is done. All official state financial transactions will use the services of Affin. All State owned enterprises will have an account with Affin. All State employees salary will be debited into their Affin Bank account. All Sarawak friendly private companies are encouraged to use the services of Affin. Do you think these increased activities will generate additional profits? Do you think Affin will need to increase its capital? Rights, Bonus Issues and Sweeteners. I don't know. I am holding onto my shares.

Posted by Bursino > 2024-01-30 21:38 | Report Abuse

It all depends on your investment, risk appetite and the time horizon. I am a fusion investor.

Posted by Bursino > 2024-01-30 21:45 | Report Abuse

It's now trading at 0.56x PBV. Check how it fares compare with the other Banks.

Posted by EVEBITDA > 2024-01-30 21:47 | Report Abuse

I believe there will b a General offer if Sarawak takes board control of Affin

Posted by EVEBITDA > 2024-01-30 21:51 | Report Abuse

The takeover code says if a party buys more than 20% from a controling shareholder holding more than 33% and changes/ takes the board control will be required to do a GO. These are on SCs website and has no exemption. Premier Abg Jo by saying Sarawak is buying more than 20% has spilled the beans. Question to all of us will Sarawak take Board Control?

Posted by EVEBITDA > 2024-01-30 21:54 | Report Abuse

Enjoy the ride. The sell down was probably done by EPF. Similar pattern for UMW before the GO was announced. EPF was just selling down. Morning price will up and towards the end o the day a big sell down. 3 days later you will see EPF announce a major sale of shares.

Posted by Bursino > 2024-01-30 22:00 | Report Abuse

How come KWSP can own 41% RHB?

Posted by aklobi > 2024-01-30 22:38 | Report Abuse

Thanks all, great points to consider. I already miss having Affin in my portfolio to be honest but I will have to be patient. Good luck to all of us.

Posted by moven00 > 2024-01-30 23:33 | Report Abuse

I have no regret to profit take on Affin. Money in my pocket is better.

Posted by aklobi > 2024-01-31 01:15 | Report Abuse

@moven00 Agreed. It's all about profit after all.

Posted by EVEBITDA > 2024-01-31 08:39 | Report Abuse

The Star reported Sarawak intends to take around 30% in Affin to be Affins largest shareholder. This will surely trigger a GO, if there is a change in Board Control. Sarawak will not achieve its objective if it doesnt take Board Control of Affin. Only time will tell, hold on to your pop corn and cola.

Posted by TheContrarian > 2024-01-31 08:53 | Report Abuse

30% no GO lah.

Posted by rlch > 2024-01-31 09:26 | Report Abuse

Why Affin takeover still not done? Maybe Sarawak govn willing to pay RM 2-2.20 but not mkt price? What if they sell and buy other bank eg BIMB?

Posted by rlch > 2024-01-31 09:32 | Report Abuse

30% gain in <1 year if Sarawak govn sell instead of buy more haha.

Posted by newbie5354_ > 2024-01-31 09:57 | Report Abuse

So many different ids here. Is it >RM 2.6 bought by you all?

Posted by newbie5354_ > 2024-01-31 10:01 | Report Abuse

Sifus pls teach newbie. If Sarawak govn buy more why Bursa yet to announce?

Posted by moven00 > 2024-01-31 10:01 | Report Abuse

@ newbie5354_

They chase…. That’s the issue. Now really at market maker mercy. Haiz….
You see like TheContrarian he didn’t chase. Instead he already sell some to profit take.
In share market everyone is for themselves.

Posted by moven00 > 2024-01-31 10:04 | Report Abuse

There is no reason for Sarawak Gov to buy further stakes at such a high price. They will negotiate for special price. Logic thinking… moreover they got a block bought earlier at below RM2 a piece.

Posted by rohank71 > 2024-01-31 10:07 | Report Abuse

for giving up control of a Bank, LTAT can't sell cheaply , and they will end up like BPlant... makan the shares back.

Posted by TheContrarian > 2024-01-31 10:07 | Report Abuse

In order to have a 30% stake (more than 20%) needs prior approval from Bank Negara. It is understood that submission for approval to Bank Negara has been made. Announcement on the details, pricing only upon obtaining Bank Negara prior approval. We need to wait.

Posted by TheContrarian > 2024-01-31 10:08 | Report Abuse

@rohank71, I think it's more of a LTAT -Sarawak partnership.

Posted by newbie5354_ > 2024-01-31 11:19 | Report Abuse

Why Sarawak choose LTAT to partner? Is it they think Anwar govn sure bail out LTAT?

Posted by newbie5354_ > 2024-01-31 11:23 | Report Abuse

If look at Sarawak govn past behaviour they want more money or they want to donate $?

Posted by TheContrarian > 2024-01-31 11:48 | Report Abuse

Took some profits at 2.65 today.

Posted by klee > 2024-01-31 13:16 | Report Abuse

Nta rm4.69 got ppl say rm2.65 is a high price...lol

Posted by klee > 2024-01-31 13:18 | Report Abuse

stock market is all about Expectations ,dude....how will affin perform under the management of the richest state by resources in msia vs. the non performing Ltat.Do you think sarawak will leave affin as status quo once they are in the driving seat?

Posted by aklobi > 2024-01-31 13:43 | Report Abuse

Friends, I am already looking for alternative shares to buy with Affin still on my radar. I am open to suggestions.

Posted by pang72 > 2024-01-31 22:13 | Report Abuse

So, this bank rename to SARAWAK-Affine Bank next week?

Posted by pang72 > 2024-01-31 22:19 | Report Abuse

Today sarawak oil - DAYANG, KKB jump..
Friday - sarawak bank - Affine jump..
NEW president, new governor, new madani government, new King..

Malaysia is going to restart with new blood and new life...

NEW stock in play but old folk stock... Csmb... bye bye

Posted by Winningpost > 2024-01-31 22:54 | Report Abuse

Something is brewing...

Posted by Winningpost > 2024-01-31 22:55 | Report Abuse

Tomorrow new high

Posted by TheContrarian > 2024-01-31 23:26 | Report Abuse

Tomorrow stock market closed.

Posted by moven00 > 2024-02-01 08:14 | Report Abuse

Be prepared for Friday correction/selldown… US market tumble last night.

Posted by TheContrarian > 2024-02-01 09:50 | Report Abuse

Affin will have its own strength. A lot depends on what price the 15% or 25% stake is transacted. The market price will eventually rest at around that level.

Posted by beluga > 2024-02-01 11:18 | Report Abuse

https://youtu.be/QfE4q6VRzdk?si=dPX7r70Wkq5knxUm


https://youtu.be/LEJmXgGJtbs?si=aYB5dhoWco6KczGu

“Dekat … very soon “

I think it’s just depends on how soon BNM approve . We know how efficient Malaysia authority works ..

My recent experience with local council .. “orang tugas hari ini MC” , “oh esok public holiday ya” (yes Malaysia has one of the most bank holidays in the world) … last week Thaipusam , today federal territory, next week CNY . 😆 eh change Agong no holiday ka? Agong birthday got holiday right ? .
Add in the MC .. sakit holiday .. think will have to wait slightly longer for the approval .

Posted by rlch > 2024-02-01 13:39 | Report Abuse

LTAT CEO resign why nobody talk? Is it nego with Abang Jo fail on pricing matter?

Posted by rlch > 2024-02-01 13:40 | Report Abuse

LTAT CEO want to sell high price but Abang Jo disagree so he resign?

Posted by rlch > 2024-02-01 13:43 | Report Abuse

LTAT chief executive resigns with immediate effect
https://theedgemalaysia.com/node/699372

Posted by beluga > 2024-02-01 15:24 | Report Abuse

We all can “maybe this, maybe that” , on and on .

LTAT should issue a statement stating the reason rather than let people speculate.

We also didn’t know why PM changed the Defence Minister in December . This new Minister now wants to appoint his people to lead LTAT? Get used to LTAT revolving door .

Endless possibilities… I doubt any conjectures will help the public perceptions of LTAT.

Posted by moven00 > 2024-02-01 22:04 | Report Abuse

Tomorrow press down until any material announcement from LTAT, Sarawak or JoJo. And it will go lower if let’s say they announce deal is below current market price. Don’t be Surprise they conclude the deal which is below market price becoz they have conclude the first batch deal way below current price.