Over the years, I invested in Affin and Boustead (privatised now). But I have increased my interest significantly in affin recently after reading all the news reports, circulars on Boustead etc. All the variables just strengthen my conviction that Boustead will have no choice but to sell affin to settle their huge debt.
Beside that, affin is trading at a huge discount to its net assets, widest among its banking peers. 60% discount! Even if my thesis is wrong, I think the margin of safety is there.
The problem is there is not enough of driving force to back AFFIN's upward share trajectory. Any upside are short lived. I remember in 2022 it traded to 2.5 or something. Lucky to even get my equity out at 2.3
When will Affin hit RM2.50 again? When will we have happy moments? Rising again ...... Or is this the end? When will we see RM2.50 again? When will we have happy moments? Will it rise again? Or is this the end?
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....