Posted by Pendrive King > 2013-06-14 13:10 | Report Abuse

Q1 net profit only RM 11 million, this share price is too expensive, much much overpriced

Posted by arv18 > 2013-06-14 13:17 | Report Abuse

Hello! M&A by Affin and AMMB

Papers are saying RM 1.4 - 1.6 billion. Therefore between 5.26 - 6.01 per share

Market is saying the price won't be any more than RM 1.2 Billion

Is this an arbitrage opportunity or arbitrage trap? That is up to you to decide.

Posted by arv18 > 2013-06-14 14:58 | Report Abuse

Excuse me? Have you paid me 10-20K to do equity research for you???? Pick up a newspaper and do some reading you lazy bum.

Posted by martiniclub7 > 2013-06-14 15:11 | Report Abuse

I have insider news saying Affin is not really keen anymore and the deal might not be as good as we expect them to be. Just be safe guys, just sharing..

Posted by arv18 > 2013-06-14 15:13 | Report Abuse

Then what the hell is my earlier post. Some form of NOT sharing ah?

As I mentioned earlier, this may or may not be a trap. Up to YOU to decide.

Be a man and make a decision.

Don't blame me if you lose. Don't thank me if you win. The decision is yours!

Posted by arv18 > 2013-06-14 19:26 | Report Abuse

Business Times today puts the bid by Affin @ 1.1 Billion. Down by RM500 million from the article in the Edge. Do these reporters even know what the bid is?? Who is their source, the corner-shop barbers ah???

Posted by arv18 > 2013-06-14 20:06 | Report Abuse

I guess the worse case scenario is still around a few hundred bucks. can't complain really hahaha

Posted by martiniclub7 > 2013-06-20 08:57 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2013/6/20/business/13262583&sec=business This is what i meant.. someone from inside told me deal have something wrong

Posted by sephiroth > 2013-06-24 11:02 | Report Abuse

latest news from last sat edge, affin is offering 1.2 to 1.3 times book value

Posted by arv18 > 2013-06-24 11:11 | Report Abuse

seems nobody knows jack Sh*t ... just like the Bursa trades on Friday.

Posted by sephiroth > 2013-06-27 15:02 | Report Abuse

last thurs meeting til now still no result on the offer???

Posted by Yuming > 2013-06-27 15:07 | Report Abuse

Affin offered too low rate... RHB had offerred around 1.7 times book value for OSK last time...... Huang sure will nego with AFFIN for more higher rate.

Posted by sephiroth > 2013-06-27 15:10 | Report Abuse

Hwang family won't accept any offer below 1.25 times book value, guess affin gonna offer at 1.3 times???

Posted by Yuming > 2013-06-27 15:12 | Report Abuse

AFFIN kedekut lo

Posted by Arjuna > 2013-07-01 11:03 | Report Abuse

Takeover of HwangDBS Investment Bank,any news of AMMB Holdings Berhad or Affin Holdings Berhad bids?

Posted by Avocado_C > 2013-07-01 12:11 | Report Abuse

Not sure about Affin but I doubt AMMB can offer high price as they have already bought Kurnia and MBf Cards last year, hence, capital is tight. AMMB already has its own AmSecurities and its Fund Mgmt arm is quite strong too, don't think it can justify a premium buying price. Furthermore, I think stock broking biz not as lucrative anymore.

Posted by iafx > 2013-07-22 16:03 | Report Abuse

deal drop already? no update at all :D

Posted by sephiroth > 2013-07-22 16:15 | Report Abuse

http://www.focusmalaysia.my/

Posted by SaintPao > 2013-07-24 15:05 | Report Abuse

hwang will let go the business to affin at price RM 4.35

Posted by martiniclub7 > 2013-07-24 15:47 | Report Abuse

WOW, so lowww... i knew from the start surely the deal aint right.

Posted by Superb99 > 2013-08-06 08:56 | Report Abuse

Really no idea what is progress now but Ambank share price has been appreciating since months ago as compared to Affin, is this hinting that Ambank is going to win the deal?

Posted by sephiroth > 2013-09-04 14:30 | Report Abuse

the deal is on
http://www.theedgemalaysia.com/business-news/253149-highlight-affin-signs-agreement-to-buy-hwang-dbs-biz.html

Posted by Avocado_C > 2013-09-04 14:36 | Report Abuse

Affin Holdings Bhd said today it has entered into an "exclusivity agreement" with Hwang-DBS (Malaysia) Bhd to purchase its key business units.

The businesses included 100% interest in HwangDBS Investment Bank Bhd and HDM Futures Sdn Bhd, 70% in Hwang Investment Management Bhd and 49% in Asian Islamic Investment Management Sdn Bhd, according to a stock exchange filing. - Reuters, September 4, 2013.

Posted by sephiroth > 2013-09-04 14:48 | Report Abuse

still no news on the price

Posted by Avocado_C > 2013-09-04 14:50 | Report Abuse

Nvm, shares already jump 40c

Posted by mikekong55 > 2013-09-04 15:48 | Report Abuse

earlier said affin offering 1.6x or rm1.6b

Posted by soon9913 > 2013-09-04 16:26 | Report Abuse

if RM1.6b means this share worth more than RM5....? The problem is 1.6x is true or not?......
http://www.theedgemalaysia.com/business-news/253149-highlight-affin-signs-agreement-to-buy-hwang-dbs-biz.html

Posted by soon9913 > 2013-09-04 16:33 | Report Abuse

http://www.btimes.com.my/Current_News/BTIMES/articles/20130904140230/Article/index_html

Posted by sephiroth > 2013-09-04 16:35 | Report Abuse

cannot trust "according to news report.....". Further announcement will only make at the appropriate time. "appropriate time" means another few months???

Posted by soon9913 > 2013-09-04 16:43 | Report Abuse

Another few months is ok as long as they sell the business with good price. The problem now is ppl are speculating the selling price. If really sell at 1.6x then it is still worth buying.

Posted by YiStock > 2013-09-04 19:36 | Report Abuse

1.6b

Posted by sephiroth > 2013-09-04 19:39 | Report Abuse

should we trust the edge 1.6b or nst 1.3b???

Posted by mikekong55 > 2013-09-04 19:45 | Report Abuse

either way around 4.75 to 6.03 in the offering

Posted by sephiroth > 2013-09-05 12:13 | Report Abuse

what's the point of announcing the deal without the price, encourage speculation again???

Posted by iafx > 2013-09-05 12:19 | Report Abuse

another thing is cash or share swap. so far it doesn't look excited at all given 1.3x at most

Posted by SaintPao > 2013-09-06 10:24 | Report Abuse

Affin buy 100% investment bank; 70% of investment management & 40% islamic of investment management. this mean book vlaue RM 3.70 need to adjust lower.

Posted by 4u2c > 2013-09-09 19:26 | Report Abuse

Company losing profit but what the heck ?? They will be billionares once sold

Posted by arvin6 > 2013-09-10 22:33 | Report Abuse

DBS needs cash to acquire new business ... After disposal the Ib business sure will announce a special dividend...

Posted by arvin6 > 2013-09-29 19:13 | Report Abuse

I just found that hwang fund already send a letter to inform fund holder , affin will take over those company . Anyone have any comment about this ?

Posted by sephiroth > 2013-10-08 09:44 | Report Abuse

that's why suddenly went up 17 sen yesterday

Posted by iafx > 2013-10-08 09:48 | Report Abuse

compare to osk/rhb deal, investors at least enjoyed a good capital gain from hdbs, good $ :)

Posted by sephiroth > 2013-10-08 10:02 | Report Abuse

because of the affin deal, hdbs cancel final dividend

Posted by arvin6 > 2013-10-09 17:03 | Report Abuse

Ya . The 5cent dividend was cancel. Nvm we are waiting for the special dividend after disposal the Ib business . . Recently the Chinese company prefer to paid out a super special dividend :)

Posted by SaintPao > 2013-10-11 11:29 | Report Abuse

12 Oct 2013 is expired date see bursa news: 'BNM's approval to commence negotiations is valid for a period of 6 months letter dated 12 April 2013.'

Posted by Wiwangwang > 2013-10-11 18:36 | Report Abuse

HWANG-DBS (MALAYSIA) BERHAD

Type
Announcement
Subject
OTHERS
Description
Exclusivity Agreement between Affin Holdings Berhad (“Affin”) and Hwang-DBS (Malaysia) Berhad (“Hwang-DBS”) (collectively, the “Parties”)
The Board is pleased to announce that Hwang-DBS has entered into an exclusivity  agreement (the “Agreement”) dated 4 September 2013 with Affin, in relation to the proposed disposal by Hwang-DBS of 100% equity interest in HwangDBS Investment Bank Berhad and HDM Futures Sdn Bhd,  53%  equity interest in Hwang Investment Management Berhad and 49% equity interest in Asian Islamic Investment Management Sdn Bhd to Affin (the “Proposed Disposal”).
(SaintPao)
*Under the Agreement, both Parties will proceed to make their respective applications to Bank Negara Malaysia.*

Further announcements on the Proposed Disposal will be made at the appropriate time.

This announcement is dated 4 September 2013.

Posted by arvin6 > 2013-10-14 18:32 | Report Abuse

I guess HDBS do not announce the price for disposal the IB business just because of HDBS will negotiate with affin to get highest price . Affin take over all the making money business . . I hope HDBS will get a good price for us :)

Posted by Wiwangwang > 2013-10-17 21:36 | Report Abuse

4.95-5.50

Posted by arvin6 > 2013-10-18 21:39 | Report Abuse

PROPOSED DISPOSAL BY HWANGDBS INVESTMENT BANK BERHAD, A WHOLLY OWNED SUBSIDIARY OF HWANG-DBS (MALAYSIA) BERHAD, OF FREEHOLD LAND TOGETHER WITH COMMERCIAL BUILDING ERECTED THERON HELD UNDER GERAN MUKIM 62, LOT 155 SEKSYEN 89A, BANDAR KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR, BEARING THE POSTAL ADDRESS OF NO.227, JALAN AMPANG, 50450 KUALA LUMPUR (“PROPERTY”), FOR A TOTAL CASH CONSIDERATION OF RM82,500,000 (“PROPOSED DISPOSAL”).

Another action take by HDBS . Wow I think special dividend is coming very soon . .

Posted by sephiroth > 2013-10-18 22:33 | Report Abuse

the Proposed Disposal is expected to improve the earnings and EPS of the Hwang-DBS Group for FYE 31 July 2014 through the net gain on disposal of the said Property after taxation and incidental costs of approximately RM31.216m

Posted by arvin6 > 2013-10-18 23:23 | Report Abuse

Sephiroth yes u are right . Hehe anyway now one thing we can confirm is the Hdbs sure will sell the business to affin . Because The disposal of kl properties is belong to hwang investment office . .