Price Target Analysis: AFFIN (5185)

2.50 coming? Go, go, go Affin.

2 months ago

Sailangking

shhhhhhhhhhhhhhhhhh...lol

2 months ago

auditorandconsultant

Sarawak might be increasing its stake

and Budget will be done in favour of Sawarak which will bring more development and in turn increase the business opportunities for AFFIN

Hold tight.. RM2.50 is not impossible

2 months ago

Not Sarawak buying, foreign funds buying.

2 months ago

rohank71

Swak buy at what price. NTA 4.80 and bank NTA is cash or near cash. LTAT can sell at 2.50?

2 months ago

LTAT already sold a chunk of Affin to Sarawak at RM1.97 in April, less than 6 months ago.

2 months ago

rohank71

That's deal to comply to BNM to privatise BHB. Not coz they want to sell but HAD to sell. Or no deal to take BHB private. Now that Swak is in the bait time for a BIG kill. Swak has money and wants to own a bank.

2 months ago

Subsequently Affin share price dropped below RM1.90 and stayed below RM1.90 for awhile but Sarawak didn't buy. But I bought and bought.

2 months ago

EngineeringProfit

Your name is contrarian, sure got buy. I bought too. Dividend very good this year. Huat ar

2 months ago

EngineeringProfit

EPF pula play contrarian last week

2 months ago

connor94

Any good news? Share price up up

2 months ago

EngineeringProfit

Shhh.....

(....make money, not noise)

2 months ago

One day spike, then drift down. Sarawak selling?

2 months ago

stockraider

once bplant deal is done....affin bank will be the next mah!

the engine has started loh!

Vroom.....vroom....vroom loh!

2 months ago

Oh shit, the jinx has just opened his mouth. Now Affin can't go up anymore. Shit! Shit! Shit!

2 months ago

Bplant has crashed, Affin dropped below 2.10 all thanks to the jinx.

2 months ago

Sailangking

rebounce

2 months ago

Bplant sale called off. LTAT needs money, lots of money to repay debts, what to sell? Sell Affin?

2 months ago

speakup

No need sell anything. Pmx & PH govt bailout 😡

2 months ago

sailstruth

What will the budget 2024 bring us. Lets see.

1 month ago

Sailangking

heading to moon , next week

1 month ago

Forum here so eerily quiet.

1 month ago

ken

https://www.klsescreener.com/v2/news/view/1219107

Affin CEO must be otak udang... Bahan kitar semula mean rubbish. Card holder keep rubbish in their wallet everyday. All the Ong gone...

1 month ago

Forum here still eerily quiet.

1 month ago

Affin is falling down, falling down.

1 month ago

Smokescreen..

1 month ago

Bought Affin at 2.00.

1 month ago

to meet its debt obligations and also to meet its mandated strategic asset allocation framework. Datuk Nazim and Tok Mat have been mentioning very often since the official launch of Manpan25 in july until recently in Dewan Rakyat.

1 month ago

Any reason why it's falling down?

1 month ago

in order to become a sustainable provident fund, LTAT said they are restructuring and will diversify, rebalance portfolio, de-concentration, recover cost of investment in boustead, value creation, unlock the value etc. hence to meet all that, i believe they have to divest affin.

1 month ago

Beluga, if that is really the case then it's good to prepare to buy more Affin in the near future. Unfortunately, I have lack of info and interaction amongst investors in Malaysia's stock market unlike other markets such as UAE.

I am really now thinking of liquidating my position and moving to a market where there is more interaction, especially between investors.

1 month ago

best do your own due diligence. study carefully the annual reports (LTAT, BHB & affin). you will find a lot of info there. that's what warren buffett's advice and strategy isn't it? :)

1 month ago

@beluga, agreed that due diligence is important, but also absorbing market mentality which helps build a picture of direction is no less important to decision making. The past two weeks for example I was able through understanding UAE market mentality and emotions regarding the geopolitical situation in the middle east (Gaza) to collect excellent shares such as ENBD, DIB, NBAD, CBD and RAKBANK at very low prices. The market has now rebounded upwards. In Malaysia, I couldn't understand market direction and feel disconnected.

1 month ago

Is Sarawak buying or selling or doing nothing?

3 weeks ago

BobAxelrod6868

Nothing to see here....walk on by......

3 weeks ago

what puzzled me is that the price still doesn't reflect that divestment is imminent despite all the OBVIOUS signs. is ok that they delay... i just have more opportunity to buy more.

3 weeks ago

rohank71

Need BNM approval. See how long MBSB and MIDF to get approval..its is a long haul before any announcement.

3 weeks ago

I also think both sides just waiting for approval from BNM. Based on what the Sarawak Premier said to the news, maybe by end of the year. “I am making the effort to get the licence for Sarawak to have its own commercial bank by the end of this year,” https://themalaysianreserve.com/2023/05/18/sarawak-commercial-bank-welcomed-but-must-cater-to-state-smes-needs/

3 weeks ago

or maybe they structure it slightly complicated involving few parties acting in concert (eg. EPF/PNB/Khazanah/or the newly minted Sarawak Sovereign Future Wealth Fund?)
The Sarawak Sovereign Wealth Future Fund will start its operation on 1st Jan 2024 with an initial appropriation of 8 BILLION. It's too obvious la.

3 weeks ago

The Chairman of LTAT's INVESTMENT PANEL and CEO is in Sarawak now. Isn't it obvious?

https://www.ltat.gov.my/wp-content/uploads/2023/11/Jelajah-Sarawak-PR-English-vF.pdf
"Bumi Kenyalang has become the PERFECT location for this year’s program to strengthen the relationship with key stakeholders...".

Indeed. I believe Bumi Kenyalang is going to be the saviour of LTAT solvency.

3 weeks ago

Affin share price dropping due to poorer QR.

3 weeks ago

ultranippon18

affin no declare dividend this year end ?

2 weeks ago

LubeTrader

Market grumbles at the poor results relative to preceding year. Ask yourself how often does one company sell its assets and make a bumper profit. Not everyday or year actually. Now earnings have normalised. That's it. This unhappiness will cause share price to fall into oversold position, probably already have. The wise investors will take this opportunity to snag a few lots.

2 weeks ago

LubeTrader

One more thing I missed saying. Small banks are targets of merger & acquisition.

2 weeks ago

Was hoping for better results so I can start selling. I guess I will have to wait.

2 weeks ago

jacksonkhs888

Not a surprise seeing it touch the levels of 2.1 then buh bye. Those buying the hype might have to wait a long while

2 weeks ago

LubeTrader

It's not a hype. It's a target, a foresight. Short-term traders will be small-term traders. Making small, quick gains here and there. What actually perplexed me was Boustead Holdings Bhd acquired 200k on 22 Nov. What are they up to?

1 week ago