AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.96

Today's Change

-0.03 (1.00%)

Day's Change

2.94 - 2.99

Trading Volume

881,000

Technical Analysis

Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.

Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.

Simple Moving Average

Name

Value

Variance

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

SMA10

4.444

-0.344 | -8%

Exponential Moving Average

Name

Value

Variance

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

EMA10

4.372

-0.272 | -6%

Relative Strength Index

Name

Value

RSI 9

6.604

RSI 9

6.604

RSI 9

6.604

Percentage Price Oscillator

Name

PPO

Signal

Variance

5,35,5

-12.07

-10.37

-1.70 | -16%

5,35,5

-12.07

-10.37

-1.70 | -16%

William %R

Name

Value

%R-9

-88.496%

%R-9

-88.496%

%R-9

-88.496%

Moving Average Convergence-Divergence

Name

PPO

Signal

Variance

5,35,5

-12.07

-10.37

-1.70 | -16%

5,35,5

-12.07

-10.37

-1.70 | -16%

Money Flow Index

Name

Value

MFI-9

6.348

MFI-9

6.348

MFI-9

6.348

Stochastic Oscillator

%K (Fast)

6.348

%K (Fast)

6.348

%K (Fast)

6.348

%K (Fast)

6.348

Rate of Change

Name

Value

MFI-21

29.833

MFI-21

29.833

MFI-21

29.833

MFI-21

29.833

Discussions
4 people like this. Showing 50 of 4,109 comments

TheContrarian

The lower the market price the better for Abang Jo.

1 month ago

aklobi

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

1 month ago

LubeTrader

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.

1 month ago

LubeTrader

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

1 month ago

TheContrarian

Many in this forum didn't sell above RM3.

1 month ago

curiousq

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.

1 month ago

speakup

TP2 je

1 month ago

mf

Dow Jones

Dow Jones Industrial Average

42,189.49

-123.51

0.29%

Nasdaq

NASDAQ Composite

18,080.60

-38.98

0.21%

1 month ago

dompeilee

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

1 month ago

Kim

RM2.90
RM3.00

Dont want now?
heheh

1 month ago

Kim

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

My TP RM5
hahaha

1 month ago

Kim

RM2.89 to hit first
Come fast =)

1 month ago

Kim

Going to breach 2.85 line immediate. Boom it.

1 month ago

TheContrarian

Shhhhhhhhhhhhhhhhh 🤫

1 month ago

Kim

Psttt
Pfttt

Kikiki

1 month ago

Kim

4pm onwards 🚀🚀🚀

1 month ago

TheContrarian

Shhhhhhhhhhhhhhhhh 🤫

1 month ago

Bursino

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

1 month ago

TheContrarian

Drop to 2.50? Hahahahahahaha.

1 month ago

Kim

lets gooo
kikiki

1 month ago

Kim

adding 2.86

1 month ago

TheContrarian

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

1 month ago

Bursino

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.

1 month ago

Kim

sailang 2.86

1 month ago

Kim

kikiki lets fly

1 month ago

Bursino

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

1 month ago

Jonathan Keung

Technical rebound will continue. Highly oversold position

1 month ago

TheContrarian

Technical rebound? What technical rebound?

1 month ago

TheContrarian

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 🤣🤣🤣

1 month ago

Kim

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

RM2.95
RM2.98
RM3.05

1 month ago

TheContrarian

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

1 month ago

Kim

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

Lets go
Kikiki

1 month ago

Plantermen

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

1 month ago

TheContrarian

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.

1 month ago

TheContrarian

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.

1 month ago

LubeTrader

😄

1 month ago

Jonathan Keung

A good one Mr contratrian

3 weeks ago

Eagle77

Awaiting at 2.00 ⬇️🩸

3 weeks ago

TheContrarian

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.

3 weeks ago

TheContrarian

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.

3 weeks ago

TheContrarian

Forum here so quiet. Where have everyone gone?

3 weeks ago

TheContrarian

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

3 weeks ago

TheContrarian

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

2 weeks ago

TheContrarian

Terima kasih

2 weeks ago

TheContrarian

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.

2 weeks ago

TheContrarian

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?

2 weeks ago

TheContrarian

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

2 weeks ago

Dehcomic01

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

2 weeks ago

TheContrarian

Go, go, go Affin.

2 weeks ago

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