AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.46

Today's Change

-0.06 (2.38%)

Day's Change

2.45 - 2.51

Trading Volume

3,988,800

Additional Listing


Ann. Date Date Type Units Price View
Discussions
2 people like this. Showing 50 of 3,878 comments

damiel

ANZ SELL AMBANK BIGGEST STAKES TO WHO ?

1 month ago

TheContrarian

Sarawak obviously want to control Affin but it's not certain yet whether Sarawak will emerge as largest single shareholder. The percentage to be sold may be less than the speculated 25%.

1 month ago

TheContrarian

Industry sources told StarBiz the demand for sale of AmBank’s shares have been overwhelming as the upsize portion of the shares (7.5%) have been fully sold in view of the quality of the bank and its good potential going forward.


“Around 80% to 85% of the buyers are Malaysian “long only funds” like institutions like pension funds, insurance companies etc. The remaining are primarily Asian funds, followed by funds from Europe and the United States,” the source added.

1 month ago

prince4

sarawak buy affin below 5% .. in talk to buy AFFIN all biggest controlling stakes ....
but important malaysia all ARMY money in AFFIN ...CENTRAL GOVT call LTAT DON'T SELL to BORNEO

1 month ago

prince4

sarawak sell lo AFFIN

1 month ago

ling

from 2020 ANZ want find buyer to buy all their holding

1 month ago

ling

Sarawak Govt buy AMBANK 😂

1 month ago

TheContrarian

Sarawak so kedekut where can buy Ambank?

1 month ago

rohank71

for anyone to buy more than 5% of Ambank need BNM approval. so as want Contarian said and reported by Star its bought by public institutions. no one will emerge as substantial shareholder with more than 5%. that's why ANZ can't sell Ambank to Swak coz the process will require BNM. ANZ sell in market to institution is faster.

1 month ago

ling

rohank71 who want buy affin bank also need BNM approval lah wait 1 YEARS LAH ...BNM already approval ANZ to sell ambank huhu

1 month ago

ling

06/03/2024 ANZ BH PTY LTD Disposed AMBANK 545,826,400 shares

1 month ago

ling

ANZ in a statement said it has sell 16.5% of the issued capital in AmBank via a block trade

1 month ago

TheContrarian

Sarawak wants 30% but may not necessary get 30%.

1 month ago

manimalanmuru

Post removed.Why?

1 month ago

rohank71

#ling you are right and Swak and LTAT as announced by Abang Jo has already written to BNM for approval. Hence the delay.

1 month ago

rohank71

For sale U don't need approval of BNM unless U sell to a party who will end up with more than 5%

1 month ago

TheContrarian

Last Tuesday, Khaled told the Dewan Rakyat that he personally did not have any issues with the restructuring plan of LTAT. However, the minister made it clear that specific proposals involving the restructuring of the business model and management of shareholdings, including the sale of assets and disposal of shares in several strategic companies, needed careful consideration.

“We are seeking a win-win situation, where the LTAT strategic plan will not adversely affect the companies, and the shareholdings of LTAT in its subsidiaries can be maintained at a level that allows it to retain control,” Khaled was quoted by the media as saying.

1 month ago

TheContrarian

Is Sarawak going to get 30% or less of Affin?

1 month ago

TheContrarian

Sold BIMB at 2.61 this morning for 15% gain, bought back a bit of Affin at 2.50.

1 month ago

TheContrarian

So quiet here.

1 month ago

Bursino

Abang Joe on silent mode.

4 weeks ago

TheContrarian

Abang Joe told to be silent?

4 weeks ago

Bursino

Calm. Something is stewing. Added some lots.

4 weeks ago

Bursino

Affin NTA now 4.73, I assumed no creative accounting in its books. I think it can stand on its own at 0.7x book value, ie 3.31. The pending Sarawak deal may actually be hindering its "true market price" Interested parties may be putting the hand brakes on the price's upward movement.

4 weeks ago

TheContrarian

Apparently EPF has ceased selling. There has been buying support at around 2.50 to absorb the selling.

4 weeks ago

rohank71

Affin looks awake for an uptrend. hold on tight.

4 weeks ago

rohank71

2.50 well absorbed all sellers. Next is to stay at 2.55 and break 2.60 to confirm a steady uptrend to a 3.20 takeover.

4 weeks ago

TheContrarian

Who's doing takeover at 3.20?

4 weeks ago

rohank71

my brother Abang Jo.

3 weeks ago

TheContrarian

Abang Jo cheapskate offering only RM2.40.

3 weeks ago

aklobi

Ok let's have a look what's going on in here 0. 0.


Oops still the same hype, maybe come back later..

3 weeks ago

speakup

Abang jo is smart! Buy cheap to save money for sarawak cos he know LTAT is desperate for cash

3 weeks ago

manimalanmuru

Abang JO

3 weeks ago

LubeTrader

Once the dust has settled, price will appreciate. Similar to REXIT share sale and appointment of new board members

3 weeks ago

TheContrarian

I thought Sarawak purchase of Affin from LTAT was a done and dusted deal. Why BNM still not approve?

3 weeks ago

aklobi

Does anyone know how we can report KevinJ?

2 weeks ago

TheContrarian

Bought Affin at 2.45 today.

2 weeks ago

Asia88

Any door gift for attending this company agm?

2 weeks ago

LubeTrader

Obviously BNM dragging its feet because the offered price is too low. I'm sure many of you have noticed by now, Affin's head honchos are buying their own company's share. It's not uncommon I know but acquiring now? What does this indicate? Interesting nobody is talking about it.

2 weeks ago

TheContrarian

The head honchos got the shares at cheap, cheap price of RM1.86, who doesn't want?

2 weeks ago

TheContrarian

Already almost end of March, still no news of the done and dusted deal?

2 weeks ago

rohank71

New mgmt at LTAT just announced. hope they now can work to complete the deal.

2 weeks ago

rohank71

https://www.klsescreener.com/v2/news/view/1301723

Hope they can sign off deal sooner.

2 weeks ago

rohank71

Affin active today with lots.of buyers. will the deal with Swak be announced soon..anyone can share.

2 weeks ago

LubeTrader

Door gifts at AGM seems to be the prerequisite for attendance. I think the meeting takeaways are what we're after.

2 weeks ago

TheContrarian

Mohamed Khalid confirmed that Boustead Holdings Bhd, which has been taken private by LTAT in June 2023, will sell its stake in Affin Bank Bhd to the Sarawak state government, although he did not clarify the quantum of the stake that will be divested.

He said the deal is currently pending Bank Negara Malaysia’s (BNM) approval.

“We will proceed with that (stake sale). We are just waiting for the approval from BNM. Not LTAT, but LTAT's subsidiary Boustead. LTAT will still remain in Affin Bank,” he said, confirming that LTAT will retain its stake in Affin Bank.

1 week ago

TheContrarian

There's a possibility that Sarawak will be paying something like RM3 per share for the deal to go through.

1 week ago

TheContrarian

During Hari Raya on 10th April Abang Jo said that approval from BNM within 2 weeks.

4 days ago

TheContrarian

Sarawak will be paying approximately RM1.4 billion to increase their stake in Affin. What is unknown at the moment is this RM1.4 billion is for how many percentage in Affin. If it's for the whole 20% held by Boustead then the price tag is around RM3 per share.

3 days ago

stockraider

Rumor raider heard is the purchase price will be around Rm 2.80 loh!

2 days ago

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