AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.49

Today's Change

-0.01 (0.40%)

Day's Change

2.47 - 2.49

Trading Volume

344,600

Major Holders Breakdown
Current Holdings

Name

No. of Shares

Percentage

DATO TING HENG PENG

12,000

40.00%

DATO TING HENG PENG

12,000

40.00%

DATO TING HENG PENG

12,000

40.00%

Historical Transactions
From To Type No. of Shares Min Price Max Price
Discussions
2 people like this. Showing 50 of 3,889 comments

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.

1 month ago

TheContrarian

Abang Joe told to be silent?

1 month ago

Bursino

Calm. Something is stewing. Added some lots.

1 month 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.

1 month ago

TheContrarian

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

1 month ago

rohank71

Affin looks awake for an uptrend. hold on tight.

1 month 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.

1 month ago

TheContrarian

Who's doing takeover at 3.20?

1 month ago

rohank71

my brother Abang Jo.

1 month ago

TheContrarian

Abang Jo cheapskate offering only RM2.40.

1 month 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..

1 month ago

speakup

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

1 month ago

manimalanmuru

Abang JO

1 month ago

LubeTrader

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

1 month ago

TheContrarian

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

1 month ago

aklobi

Does anyone know how we can report KevinJ?

4 weeks ago

TheContrarian

Bought Affin at 2.45 today.

3 weeks ago

Asia88

Any door gift for attending this company agm?

3 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.

3 weeks ago

TheContrarian

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

3 weeks ago

TheContrarian

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

3 weeks ago

rohank71

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

3 weeks ago

rohank71

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

Hope they can sign off deal sooner.

3 weeks ago

rohank71

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

3 weeks ago

LubeTrader

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

3 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.

2 weeks ago

TheContrarian

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

2 weeks ago

TheContrarian

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

1 week 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.

1 week ago

stockraider

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

1 week ago

TheContrarian

Bought Affin at 2.42.

5 days ago

aklobi

Good luck TheContrarian. I am still waiting for lower prices, hopefully after the hype ends. Adopting a "Cash is King" strategy.

4 days ago

TheContrarian

Personally I think 2.40 will be the floor price in the near future because that's the minimum price LTAT will sell to Sarawak.

4 days ago

TheContrarian

On 10th April during a Raya function Abang Jo said Bank Negara approval within 2 weeks. The 2 weeks is coming to an end soon. Something that was apparently done and dusted back in December is taking a longer time than expected.

3 days ago

TheContrarian

Hopeful there's no hiccups and Affin will rally.

3 days ago

cts9389

March 26, 2024 at 08:34 am EDT
Share
AFFIN Bank Berhad proposed single-tier final dividend of 5.76 sen per ordinary share in respect of the financial year ended December 31, 2023.AFFIN Bank Berhad Proposes Single-Tier Final Dividend for the Year Ended December 31, 2023

2 days ago

Littleprince

Sorry but can anyone enlighten me on why Sarawak don't organically apply for a license and build a commercial bank of their own?

1 day ago

aklobi

Good question Littleprince

1 day ago

SeekUndervalued

@Littleprince, it takes time to build. And if the pricing is right, why not purchase a ready commercial bank? It saves time, and you can also calculate your budget. Just like why you buy a ready made house by developer instead of building your own house.

1 day ago

LubeTrader

Quoting report:
Financial weekly "The Edge" quoted people familiar with the matter as reporting that at this stage, the Sarawak state government is seeking approval from Bank Negara to increase its existing shareholding, which is 4.8%, to about 30% in one fell swoop.

It is understood that Sarawak intends to nominate Tan Sri Abdul Aziz Hussan, chairman of its economic development agency, to serve as chairman of Affin Holdings.

Sources said that it is still unclear whether this will be achieved, but Bank Negara Malaysia prefers that Affin Holdings have an independent chairman.

1 day ago

LubeTrader

BNM is uneasy about not having an independent chairman for transparency reason. Let's hope they can clear this stumbling block soon.

1 day ago

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