AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.89

Today's Change

0.00 (0.00%)

Day's Change

2.87 - 2.90

Trading Volume

7,618,800

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 3,960 comments

aklobi

I have said this before, IBs are all calling for a SELL. The price is too hyped due to Sarawak news. Once it no longer is news but fact, the price in my opinion will dip.

1 month ago

TheContrarian

Bought back Affin at 2.40.

1 month ago

beluga

https://www.theborneopost.com/2024/05/30/dr-sim-affin-maswings-acquisitions-not-under-ma63-negotiations/

https://www.theborneopost.com/2024/05/18/sarawaks-revenue-expected-to-hit-rm16-bln-this-year-says-abg-jo/

Sarawak's revenue is expected to hit RM16 billion this year. Every year expected to grow.
Sarawak can swallow Affin, easily.
My conviction remains. Affin will be gobbled up by Sarawak.

1 month ago

TheContrarian

Maybe there will be an announcement tonight : Sarawak buys 20% of Affin from Boustead at RM2.60 per share.

1 month ago

jluck

TheContrarian, share the source please.

1 month ago

TheContrarian

Already June still Bank Negara refuses to approve a deal which is already done and dusted in December? Those LTAT personnel who agreed on the pricing to sell have all resigned back in January. The new Minister of Defense is insisting on higher price for such a sizeable block of Affin shares. The originally agreed price was at around RM2.40 (disclosed in the lastest Edge Weekly as RM2.42). I think LTAT is asking for RM2.60, just a bit more but Sarawak so stingy. So Bank Negara just put everything aside.

1 month ago

TheContrarian

Abang Jo made a phone call to Bank Negara to ask why CNY come, CNY go, Raya come, Raya go, still deal for Sarawak to "take over" Affin no go? Bank Negara told Abang Jo to shut up and until today Abang Jo hasn't mentioned Affin.

1 month ago

TheContrarian

Today I received Affin shares issued at only RM2.176.

1 month ago

beluga

“If they want to migrate to Sarawak, I say can, so I want to suggest to the Premier (Datuk Patinggi Tan Sri Abang Johari Tun Openg) as well, when we have our own bank later, those wishing to migrate to Sarawak must have minimum deposit of RM2 million in our state-owned bank, or purchase property here for no less than RM1.5 million. …This at least can generate income for our state. They can also get permanent resident status in Sarawak,” Deputy Prime Minister Datuk Seri Fadillah Yusof said on 27 April 2024.

I would like to suggest people use ChatGPT or google and ask “What is the ownership structure of a state-owned bank?”

https://www.theborneopost.com/2024/04/27/minimum-rm2-mln-deposit-or-buy-rm1-5-mln-property-as-prerequisite-for-business-folks-migrating-to-swak-dpm-suggests/

1 month ago

beluga

Maybe that explains why the regulator is taking so long to assess the (complex) application. A state takeover of a commercial bank, no ?

1 month ago

Bursino

The Chairman's post? Is it an issue? Will it be an issue? Have the parties concerned settled this matter? What if Sarawak INSISTS on its nomination for the post?

1 month ago

TheContrarian

Abang Jo has been told by Bank Negara to shut up and since then Abang Jo hasn't mentioned Affin.

1 month ago

beluga

https://theedgemalaysia.com/node/715949

How many zeros is RM1.25 trillion ? How much is 1% of RM1.25 trillion?

3 weeks ago

TheContrarian

Sarawak ministers a lot of hot air, hahaha.

3 weeks ago

TheContrarian

Took some profits on Affin at 2.49.

3 weeks ago

Bursino

The first thing that came to my mind was Bre-X. Google if anyone needs to know about the Canadian company Bre-X.

3 weeks ago

ZenSen

Why BEA dispose shares?

2 weeks ago

TheContrarian

BEA merely selling some of the shares received from the DRP which was issued at issuing price of RM2.176.

2 weeks ago

TheContrarian

Took further profits at 2.48.

2 weeks ago

TheContrarian

Sold balance of Affin at 2.59.

1 week ago

beluga

Premier says deal to take over majority shares in a bank to be formalised on July 19
BY JUDE TOYAT ON JULY 5, 2024, FRIDAY AT 6:00 PM

KUCHING (July 5): Sarawak Premier Datuk Patinggi Abang Johari Tun Openg has hinted at an official signing ceremony to acquire a majority stake in a bank, most likely to be the long-speculated Affin Bank, this July 19.
While he did not specifically name the bank, Abang Johari said that Sarawak is set to take over a major financial block, positioning itself as a dominant player in Malaysia’s banking industry.

“There is no more secrecy. By then, we will officially sign to take over this major block, which includes substantial shares, soon, July 19,” he said in a press conference during the Amanah Saham Sarawak (Assar) dividend announcement at Hikmah Exchange Event Centre here today.

Abang Johari noted that this acquisition symbolises Sarawak reclaiming its former assets.
“We once lost what we had, and now we are taking it back. Previously, we had six banks taken from us, and now we are reclaiming them. Now we even have our own bank.

“The bank we are acquiring is bigger than those six banks, and we aim to become a dominant player in Malaysia’s banking business.

“Sarawak will play a crucial role, God willing, and this is reflected in our investment portfolio, which aims to boost Sarawak’s economy significantly,” he said.

https://www.theborneopost.com/2024/07/05/premier-says-deal-to-take-over-majority-shares-in-a-bank-to-be-formalised-on-july-19/

1 week ago

TheContrarian

Posted by TheContrarian > 2024-03-01 19:04 | Report Abuse

Defense Minister is asking for a higher price from Sarawak of RM2.60 per share or else there's no approval. Those LTAT people who negotiated a price of RM2.40 have since resigned.

Price possibly RM2.60 ?????

1 week ago

beluga

RULE 9 ANNOUNCEMENT AND NOTICES

9.05 Announcements to be made by the offeror or potential offeror

(1) Before the board of the offeree is approached, the responsibility for making an announcement will normally rest with the offeror or potential offeror.

(2) The offeror or potential offeror should keep a close watch on the offeree share price and volume for signs of undue movement and must make an announcement–

(a) when, before the board of the offeree is approached, the offeree is the subject of rumour or speculation about a possible offer, or there is undue movement in its share price or a significant increase in the volume of share turnover, and there are reasonable grounds for concluding that it is the offeror or potential offeror’s actions which have directly contributed to the situation;

(b) where negotiations or discussions are about to be extended to include more than a very restricted number of people (outside those who need to know or are involved at that stage of the discussion and their immediate advisers) ;

(c) upon the signing of the sale and purchase agreement for the voting shares or voting rights of the offeree which will lead to the acquirer being obliged to extend a mandatory offer obligation.


9.07 Possible offer announcement (1) When an announcement is required to be made pursuant to subparagraphs 9.05(2) and 9.06(2)(b) to (d), but the intention to make an offer is premature or have not been firmed up, the offeror, potential offeror or offeree is required to make a brief announcement that negotiations are taking place

RULE 3 ADVISERS

3.01 An adviser must comply with all requirements under the Code and the Rules, and ensure that it explains to its client and its directors, their respective responsibilities under these Rules and the Code and use all reasonable effort to ensure that the client and its directors comply with these Rules and the Code. In cases of doubt, the SC must be consulted.

1 week ago

beluga



https://www.facebook.com/unitkomunikasidanpenerangansarawak/videos/446764558127326

Clip 1:07:50 / 1:11:33
Unit Komunikasi Awam Sarawak - UKAS
SIARAN LANGSUNG 5 JULAI 2024: MAJLIS PENGUMUMAN DIVIDEN ASSAR

1 week ago

beluga

https://www.youtube.com/watch?v=wz8rCquL88I

Astro AWANI : Abang Jo beri bayangan proses ambil alih Affin Bank dimuktamad 19 Julai


1 week ago

NickelLee

Post removed.Why?

5 days ago

edithcapital

Affin technical break out towards RM3

5 days ago

ScotFree

5 possible? Have 40k+

5 days ago

troy88

wow, congrats

5 days ago

klee

Henceforth,majority of Sarawak's financial trx will go thru Affin.
Affin gonna be a top tier bank.

5 days ago

Bursino

Rage of the Hornbills.

5 days ago

ZenSen

Taking over block shares at wat price?

5 days ago

zzprozaz

Post removed.Why?

4 days ago

speakup

40 minit more to CASINO DE BURSA open! ARE YOU READY TO GAMBLE!
Bet small win small
Bet Big win Big
INI KALILAHHHHHH!

4 days ago

Plantermen

Affin Bank was a drag and a laggard in the banking scene despite with LTAT {Boustead} helming the ship. With a change in the ownership structure maybe Affin can now reinvent and grow it's business presence. Affin started off as Perwira Affin Bank in 2000 and later merge it's operation with BSN commercial. For better or worse time to see a new structural in their business direction

4 days ago

SeekUndervalued

Why goreng so kuat? Hahaha. Sarawak government is dealing directly with LTAT, right? Let's say the selling price to Sarawak government is RM 2.60 per share, outside people buying above RM 2.60 and above. What's the point? I can't get it. Sarawak government is not buying from the public. Anyone care to enlighten me? Thanks.

4 days ago

SeekUndervalued

@zzprozaz, why are you promoting Amway in most of the counters? I even seen your posting in Klsescreener. Hahaha.

4 days ago

Jonathan Keung

Amway is a multi level company targeting consumers using chains of distributors.. nothing related to banking & finance

4 days ago

speakup

Must boycott all American products

4 days ago

Jonathan Keung

Amway products are more pricey vs other related products .eg their so called vitamins , washing power and cleaners.

4 days ago

aklobi

Congrats Affinians!


However,

Since January, 9 Investment Banks have researched Affin Bank. All 9 banks have given a SELL target price, yet Affin continues to climb due to the Sarawak intention to buy. In my opinion this is an unhealthy hype that will drop sharply after the purchase is finalised.

4 days ago

ScotFree

Affin new beginning, go go go

4 days ago

Plantermen

Contrary to certain views. Most anaylst{s} believed and expect banking stocks to drive the KLCI I 2024. Banking stocks constitute 20% of the KLCi index. In addition foreign funds looking to invest in the market are most likely to make a go in this sector. Banks have displayed resilience and achieved solid earnings in the recent qtr earning result. Not a buy call but repost a review by Kenny Yee of Rakutrade. Another senior equity analyst concurred with his views and cited renewed optimism on the market. Please do your own research before you buy or invest

4 days ago

Plantermen

The above news article was updated on 5th January 2024

4 days ago

wahidul

the Hornbills about to fly soon

3 days ago

Plantermen

Yes. SARAWAK is the game changer

3 days ago

dompeilee

I bought just 1 lot of this in May '18 @ $2.51 to attend AGM. Just managed to attend 2 in '18 & '19, enjoying 2 sumptuous dinner buffets in Royale Chulan KL. Can sell now but think I'll wait for $3 at least.

2 days ago

Plantermen

Boustead {LTAT} owes Royal Chulan

2 days ago

beluga

precedent transactions involving the acquisition of financial institutions listed in Malaysia PBRs (Price-to-book ratio) ranging from 0.93 times to 2.35 times over the last 15 years from 2007 are as follows:

2013 Bank Islam Malaysia Berhad BIMB Holdings Berhad 1.88

2008 Bank Muamalat Malaysia Berhad DRB-Hicom Berhad 2.15

2018 Asian Finance Bank Berhad MBSB 1.30

2013 Hwang DBS Affin Holdings 1.28

2012 OSK Investment Bank Berhad RHB Capital Berhad 1.77

2012 ECM Libra Investment Bank Berhad Kenanga Investment Bank Berhad 1.27

2011 RHB Capital Berhad Aabar Investments 2.35

2011 EON Capital Berhad Hong Leong Bank Berhad 1.42

2008 EON Capital Berhad Primus Pacific Partners 2.21

2008 RHB Capital Berhad Abu Dhabi Commercial Bank 2.18

2007 Affin Holdings Bank of East Asia 1.30

2007 MIDF PNB 0.93

2007 RHB Capital Berhad Employees Provident Fund of Malaysia 1.76

2007 AMMB Holdings Berhad Australia and New Zealand Banking Group 1.29

2 days ago

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