KLSE (MYR): AFFIN (5185)
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Last Price
2.52
Today's Change
+0.01 (0.40%)
Day's Change
2.49 - 2.52
Trading Volume
1,006,000
Ann. Date | Date | Type | Name | Title | View |
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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
Apparently EPF has ceased selling. There has been buying support at around 2.50 to absorb the selling.
1 month ago
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
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
Abang jo is smart! Buy cheap to save money for sarawak cos he know LTAT is desperate for cash
1 month ago
Once the dust has settled, price will appreciate. Similar to REXIT share sale and appointment of new board members
1 month ago
I thought Sarawak purchase of Affin from LTAT was a done and dusted deal. Why BNM still not approve?
1 month ago
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.
1 month ago
The head honchos got the shares at cheap, cheap price of RM1.86, who doesn't want?
1 month ago
https://www.klsescreener.com/v2/news/view/1301723
Hope they can sign off deal sooner.
1 month ago
Affin active today with lots.of buyers. will the deal with Swak be announced soon..anyone can share.
3 weeks ago
Door gifts at AGM seems to be the prerequisite for attendance. I think the meeting takeaways are what we're after.
3 weeks ago
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.
3 weeks ago
There's a possibility that Sarawak will be paying something like RM3 per share for the deal to go through.
3 weeks ago
During Hari Raya on 10th April Abang Jo said that approval from BNM within 2 weeks.
2 weeks ago
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.
2 weeks ago
Good luck TheContrarian. I am still waiting for lower prices, hopefully after the hype ends. Adopting a "Cash is King" strategy.
1 week ago
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.
1 week ago
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.
1 week ago
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
6 days ago
Sorry but can anyone enlighten me on why Sarawak don't organically apply for a license and build a commercial bank of their own?
5 days ago
@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.
5 days ago
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.
5 days ago
BNM is uneasy about not having an independent chairman for transparency reason. Let's hope they can clear this stumbling block soon.
5 days ago
The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah in attendance.
Chairman thanked all the investors, customers, and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism, and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.
3 days ago
Anybody knows if there was a door gift announced for people who registered or voted?
2 days ago
There are more pressing matters to attend to, like vote, understand the financial position and future direction of the bank than door gifts. Why is it so important? Are you a collector?
2 days ago
Affin is consolidating too long, there's no clear direction going up or going down.
1 day ago
April coming to an end and still Sarawak has not been given approval to increase their stake in Affin.
14 hours ago
Bursino
Abang Joe on silent mode.
1 month ago