AFFIN BANK BERHAD
KLSE (MYR): AFFIN (5185)
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Last Price
2.88
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
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0
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Discussions
4 people like this. Showing 50 of 4,057 comments
Just to add on Sarawak State is the largest producer of natural gas in Malaysia. Previously sale of natural gas is channel directly under Petronas but now the distribution of natural gas is reverted back to the Sarawak State government under the purview of Petros { the gas aggregrator for the state licensing, distribution and retail} 13 multi national companies have received their licence from Petros. Another 3 more applications is still pending.
1 month ago
Why is it done on the open market? Not direct transaction at fixed price? Between 11.20 to 11.22am just now, I noticed several blocks of 500k units changed hands.
1 month ago
LTAT sold 4.95% to Sarawak state. Additional 20% comes likely from thier Boustead own shares portfolio. Abang Johari wants 30% stake in Affin. Strong possibility he collecting from the open market
1 month ago
LubeTrader, it's not done in the open market, 20 transactions of 5k lots transacted using otc
1 month ago
Just wait for the official acqusition announcements from Abang Johari. Sarawak and Sabah asking the 35%quota in Parliament. Currently they holds arounds 26 %
1 month ago
Rally cooling off. Now begins the period of waiting for the signing of the purchase agreement.
1 month ago
You good-lah. You can know what is going to happen tomorrow. You should have let us know earlier. Now cannot do anything-lah.
1 month ago
I am convince Bursa has peaked. I am putting in motion, actions to mitigate events that in the likelihood will bring about unfortunate consequences.
1 month ago
it takes a ความมหัศจรรย์ (kwarm mahat satjan) to breach 1700 by end year as touted by the optimists.
1 month ago
It will get lowered. Better switch to CIMB which more stable day day green green.
1 month ago
Strong pick up on Friday. Hopefully can sustain the price upward momentum
1 month ago
Sustain buying across all 9 banking stocks. The big 4 { MBB+30, CIMB +33 , PB+25 & HLB+55 } all traded higher today. RHB ,Affin, ABMB , Ambank all play catching up.
1 month ago
JP morgan and Goldman sachs { Both the 2 iconic US heavyweights IB } have upgraded Malaysia equity market after 6 long years. This has attracted inflows & a relook in our local market scene
1 month ago
Too many retail buyers playing contra. Buy solely for capital gain then spread false info hoping for price to drop to buy in again, bragging at each successive cycle.
4 weeks ago
Market is open. We have day or flip players, short term and long term. Warren Buffet says buy the shares is liking buying the business. Let it grow
4 weeks ago
The 3 mid tier bank's listed share price on Bursa. Affin at $3.33, Ambank $ 5.01 and Alliance bank at $4.46. In terms of bank assets, network, EPS or loan growth. Affin is quite close to their peer. But when come to share pricing. Affin as a group is a poor cousin vs it's peer. Not a buy call just my own view looking at the statistics
4 weeks ago
Noted. Confidence deficit. A new owner and management can help mitigate long held stigma attached. Continue to hold.
4 weeks ago
Today Affin bank $3.40 +7 Ambank $5.17 + 16, ABMB $4.47 +1. Still lots to catch up
4 weeks ago
Not a good day for Affin. Traded today low at 3.17 despite their Qtr marginal result announcement
3 weeks ago
Affin share price has underperformed vs it's peer {despite the strong undertone sentiment in banking stocks} the lack lustre result in Affin qtr announcement is not helping either.
3 weeks ago
What's happening in Affin is just pure speculation and the stock will eventually tank
1 week ago
Certainly looks like it will return to the price range before the hoo-haa. Ruined its reputation in the process. Many are ruing not offloading their holdings when price was at its peak because for a bank stock like Affin, opportunity like this may never come again perhaps not in the short-term.
1 week ago
It all depends on the time horizon. Still a safe bet for a specu-vestor. Affin Bank will grow and recover for sure. Unlike many other counters which will never recover after a crash.
1 week ago
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1 week ago
I think Sarawak is likely to pay a fair premium to takeover Affin. Sarawak 's revenue for 2024 is expected to surpass last year's RM13.1 billion .
https://klse.i3investor.com/web/blog/detail/LTATneedToSellAffinBank/2024-02-21-story-h-188299947-SARAWAK_should_pay_a_premium_to_own_AFFIN_Bank
1 week ago
"These major projects that have been implemented and undertaken by the Sarawak Premier’s administration does not include two other major acquisitions which are currently under negotiations, namely the taking over of MASwings and Affin Bank, which will definitely cost Sarawak billions of ringgit.
Now let us ask ourselves, how did Datuk Patinggi Abang Zohari managed to source such a colossal amount of money?
The answer is very complex, but to make it sound very simple - it is with a stroke of genius that his administration has managed to impose a five per cent SST on oil and gas productions in Sarawak. Since the imposition of the SST in 2019, it has contributed RM14.7 billion as of October 2023....
https://premierdept.sarawak.gov.my/web/subpage/news_view/6500/UKAS?fbclid=IwY2xjawFQjElleHRuA2FlbQIxMAABHUUCK4KD6LDx7vLMc8ThjW2kxnNUlMXd92n-COrAdpfzWA_AZLMWd_7hng_aem_8fkzKu95a8_LgGcSB7SLiQ
5 days ago
https://www.channelnewsasia.com/asia/malaysia-sarawak-premier-abang-johari-openg-bavaria-4595366
"In recent years, Sarawak has retaken Bintulu Port from the federal government, bought over regional airline MASwings from the national flag carrier Malaysia Airlines, and is in the final stages of acquiring a controlling stake in Affin Bank."
CONTROLLING stake
22 hours ago
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Ditto @LubeTrader and thank you.
Digress from Affin
Artificial Intelligence will be the next big thing in Sarawak. Abundant natural resources and political stability. No earth quakes. Cheap Environmental Friendly Electricity ✔ Clean crystal clear water ✔ Vast tracts of land ( which can be cheap). Already in motion to groom talents - top scholars from Malaya are welcome to pursue their tertiary education in Sarawak FOC. UEC recognised. In fact there should be no worries on talents (unlike in Malaya) because Sarawak controls its immigration. Import from China and the whole ecosystem will be inundated with Engineers. Customs and Culture sensitivities are not an issue, can designate free zones like Dubai. I don't know, but I am invested in some Hornbill companies to preserve and growth wealth for the next 2 generations. 😁
1 month ago