Posted by TheContrarian > 1 month ago | Report Abuse

The lower the market price the better for Abang Jo.

Posted by aklobi > 1 month ago | Report Abuse

All this was an expected scenario, waiting for it to reach RM2 or below, otherwise not interested.

Posted by LubeTrader > 1 month ago | Report Abuse

In share trading, I've learnt to expect the unexpected. The bunch of retirees who meets every Sunday for tea has not been bothered with the price movements of this counter of late. Steady.

Posted by LubeTrader > 1 month ago | Report Abuse

Not a single one of them has disposed. Perhaps peer pressure. He who blinks first loses.

Posted by TheContrarian > 1 month ago | Report Abuse

Many in this forum didn't sell above RM3.

Posted by curiousq > 1 month ago | Report Abuse

MIDF sees limited immediate gains for Affin
.
.
However, MIDF believes that Affin's current valuations are unattractive due to its low ROE-generating potential. Despite the potential re-rating from the new major shareholder, the bank’s share price appears to have moved ahead of its fundamentals, MIDF said, as it maintained its “sell” recommendation with a revised Gordon growth model-derived target price (TP) of RM 2.35, up from RM1.82.

The TP is based on a revised FY2025F P/BV of 0.45x, reflecting the potential re-rating following the entry of Affin Bank’s new largest shareholder.

Posted by speakup > 1 month ago | Report Abuse

TP2 je

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

42,189.49

-123.51

0.29%

Nasdaq

NASDAQ Composite

18,080.60

-38.98

0.21%

Posted by dompeilee > 1 month ago | Report Abuse

I sold all my 6-year holding in Affin @ just below $3 & was regretting it for a while, but that regret disappeared yesterday...

Posted by Kim > 1 month ago | Report Abuse

RM2.90
RM3.00

Dont want now?
heheh

Posted by Kim > 1 month ago | Report Abuse

Lets catalysts sour grapes it except CIMB +)
I support CIMB RM4.30

My TP RM5
hahaha

Posted by Kim > 1 month ago | Report Abuse

RM2.89 to hit first
Come fast =)

Posted by Kim > 1 month ago | Report Abuse

Going to breach 2.85 line immediate. Boom it.

Posted by TheContrarian > 1 month ago | Report Abuse

Shhhhhhhhhhhhhhhhh 🤫

Posted by Kim > 1 month ago | Report Abuse

Psttt
Pfttt

Kikiki

Posted by Kim > 1 month ago | Report Abuse

4pm onwards 🚀🚀🚀

Posted by TheContrarian > 1 month ago | Report Abuse

Shhhhhhhhhhhhhhhhh 🤫

Posted by Bursino > 1 month ago | Report Abuse

Can it take the 2.85 weight? If cannot can drop to 2.50!

Posted by TheContrarian > 1 month ago | Report Abuse

Drop to 2.50? Hahahahahahaha.

Posted by Kim > 1 month ago | Report Abuse

lets gooo
kikiki

Posted by Kim > 1 month ago | Report Abuse

adding 2.86

Posted by TheContrarian > 1 month ago | Report Abuse

But, but, but ..... someone said might drop to 2.50 ........ hahahahaha.

Posted by Bursino > 1 month ago | Report Abuse

Yesterday CIMB called Affin a BUY and their arithmetic on fair value is 4.30. Four dollar thirty sen. Only thing CIMB didn't say when can hit 4.30.

Posted by Kim > 1 month ago | Report Abuse

sailang 2.86

Posted by Kim > 1 month ago | Report Abuse

kikiki lets fly

Posted by Bursino > 1 month ago | Report Abuse

You people very cun-lah. One knows it will drop no further. Another knew it will fly. 🤗

Posted by Jonathan Keung > 1 month ago | Report Abuse

Technical rebound will continue. Highly oversold position

Posted by TheContrarian > 1 month ago | Report Abuse

Technical rebound? What technical rebound?

Posted by Income > 1 month ago | Report Abuse

https://youtu.be/Kzo3kQEh_3s?si=mFNiq0fHdfWHlj4S

Posted by TheContrarian > 1 month ago | Report Abuse

Already 4 days has lapsed since the signing of the S&P last Friday. Abang Jo hasn't announced the purchase consideration .......... because Abang Jo doesn't know, hahaha 🤣🤣🤣

Posted by Kim > 1 month ago | Report Abuse

Today is the day =)
Going like missiles Iranian 🔥
New shareholders on the way

RM2.95
RM2.98
RM3.05

Posted by TheContrarian > 1 month ago | Report Abuse

Spartans ....... onwards! Go, Spartans, go!

Posted by Kim > 1 month ago | Report Abuse

Adding and absorbing 2.87
Going to breach 2.89 ---> RM2.93

Lets go
Kikiki

Posted by Plantermen > 1 month ago | Report Abuse

Sentiment affected by Iran counter strike retailation against Israel overpay. Technically wallstreet have more or less down play the ongoing escalation the Middle East conflict. Israel is aware Iran is a big military power block In the Middle East

Posted by TheContrarian > 1 month ago | Report Abuse

In Sarawak's heart, where rivers flow,
A leader's hand, a steady show.
Abang Jo, a name renowned,
Affin's shares, now firmly bound.

With wisdom gained and experience keen,
A corporate realm, a vibrant scene.
A takeover, a strategic move,
A future bright, for all to groove.

Though challenges lie ahead, it's true,
Abang Jo's guidance, will see it through.
Affin's shares, a promising sight,
A beacon of hope, shining bright.

Posted by TheContrarian > 1 month ago | Report Abuse

Shorted and scorned, a fallen star,
Affin's worth, concealed so far.
But in the depths, a spark ignites,
A phoenix rising, shining bright.

With every doubt, a strength grows deep,
A silent force, a future's keep.
The market's game, a fickle test,
But Affin's spirit, stands the best.

A day will dawn, a tide will turn,
The short-sellers' schemes will burn.
Affin's ascent, a glorious sight,
A beacon of hope, shining bright.

Posted by LubeTrader > 1 month ago | Report Abuse

😄

Posted by Jonathan Keung > 1 month ago | Report Abuse

A good one Mr contratrian

Posted by Eagle77 > 1 month ago | Report Abuse

Awaiting at 2.00 ⬇️🩸

Posted by TheContrarian > 1 month ago | Report Abuse

Once scorned and shunned, a stock so low,
Affin, undervalued, a painful blow.
Short sellers flocked, their bets were made,
A downward spiral, a fearful trade.

But tides can turn, markets can mend,
Affin's worth, it starts to ascend.
Rumors spread, a catalyst's gleam,
Short sellers panic, their profits scream.

Buybacks begin, a hasty retreat,
The downward spiral, a painful defeat.
The tables turn, the tide has swayed,
Affin's value, no longer delayed.

Posted by TheContrarian > 1 month ago | Report Abuse

Beneath the skies of Sarawak's grace,
A leader stands, with wisdom's trace.
Abang Jo, a name renowned and bright,
Will guide Affin towards a shining light.

With steadfast hand and heart of gold,
He'll steer the bank, a tale untold.
Affin's future, secure and grand,
Under his guidance, across the land.

The share price, a soaring bird, will fly,
As trust and confidence multiply.
Investors' faith, a beacon's gleam,
Will fuel Affin's prosperous dream.

Posted by TheContrarian > 1 month ago | Report Abuse

Forum here so quiet. Where have everyone gone?

Posted by TheContrarian > 1 month ago | Report Abuse

Yesterday Affin closed 4 sen higher, today another 4 sen higher. Will tomorrow see another 4 sen gain?

Posted by TheContrarian > 1 month ago | Report Abuse

Monday Affin closed 4 sen higher, yesterday closed another 4 sen higher, today 6 sen higher.

Posted by TheContrarian > 1 month ago | Report Abuse

A gem oft overlooked, a stock unpraised,
Affin, undervalued, its worth unrazed.
But tides are turning, a shift in the air,
Affin's share price, poised to declare.

From shadows of doubt, it starts to ascend,
A beacon of hope, a trend to transcend.
Investors awaken, their eyes now see,
The potential within, wild and free.

With every tick up, a whisper of cheer,
Affin's ascent, dispelling all fear.
A journey of growth, a story untold,
A tale of resilience, a future bold.

Posted by TheContrarian > 1 month ago | Report Abuse

Affin closed 4 sen up on Monday, another 4 sen up on Tuesday and 6 sen up today. Tomorrow will Affin close another 6 sen up?

Posted by TheContrarian > 1 month ago | Report Abuse

Several people recently boldly said that Affin will crash to RM2, hahaha 🤣🤣🤣

Posted by Dehcomic01 > 1 month ago | Report Abuse

Affin – will a change of shareholders improve performance

The performance of Bursa banking group Affin over the past 12 year was nothing to shout about. Its performance, measured against a panel of 10 Bursa Malaysia banks, is below the sector median across key metrics such as returns, efficiency, and loan performance. However, it has improved its capital adequacy ratio.

But I would not consider Affin is a value trap as it remains profitable with a margin of safety over 30% based on the asset value. However, it lacks a sufficient margin of safety under the earnings value.

The Sarawak State Government has recently acquired a substantial stake in the bank. There is hope that the state would divert its funds to Affin thereby improving its deposits and hopefully grow its loans. But if the challenge is efficiency and loan performance, I am not sure whether there would be a quantum leap in performance. For more insights refer to page 20 of INVEST

https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol229-Invest-18Oct.pdf
 

Posted by TheContrarian > 1 month ago | Report Abuse

Go, go, go Affin.

Posted by Ny036 > 2 weeks ago | Report Abuse

Any dividend will declare this or next month?