AFFIN BANK BERHAD
KLSE (MYR): AFFIN (5185)
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Last Price
2.18
Today's Change
+0.01 (0.46%)
Day's Change
2.16 - 2.19
Trading Volume
1,504,800
Overview
Market Cap
4,631 Million
NOSH
2,124 Million
Avg Volume (4 weeks)
1,955,375
4 Weeks Range
2.06 - 2.23
4 Weeks Price Volatility (%)
97.76%
52 Weeks Range
1.62 - 2.23
52 Weeks Price Volatility (%)
97.76%
Previous Close
2.18
Open
2.18
Bid
2.16 x 51,100
Ask
2.17 x 5,500
Day's Range
2.16 - 2.19
Trading Volume
1,504,800
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2021 [#4] | 28-Feb-2022
Next QR | Est. Ann. Date
31-Mar-2022 | 25-May-2022
T4Q P/E | EY
8.79 | 11.38%
T4Q DY | Payout %
5.70% | 50.08%
T4Q NAPS | P/NAPS
4.63 | 0.47
T4Q NP Margin | ROE
25.89% | 5.36%
Market Buzz
2022-05-23
2022-05-23
2022-05-23
2022-05-19
2022-05-19
2022-05-19
News and Blogs
Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: BANKING
Subsector: BANKING
Description:
Affin Holdings Berhad is a bank headquartered in Kuala Lumpur and operating in Malaysia. Under the name Affinbank, the company provides consumer banking, car hire purchase, mortgages, credit and debit cards, and wealth management. Under the Affin Islamic name, the bank provides Shariah-compliant services to clients. The company offers investment banking services under the name Afiin Hwang Capital, along with securities services and asset management. The majority of the group's revenue comes from Commercial Banking within Malaysia.
Discussions
2 people like this. Showing 50 of 2,682 comments
Yes. Looking forward to the special dividend (sale of asset management business) on top of the 12.5 sen final dividend
5 days ago
Up 3 sen to 2.17 at the moment. I reckon the sale of the asset management business is the one that should move the needle
4 days ago
A fair price in my opinion is 2.50. The potential to reach 3 within 1 year is not impossible
4 days ago
I think it is possible. Looking at their presentation to analysts on the sale of the asset management business (see affin.listedcompany.com/misc/investor_presentation/Briefing_28_Jan_2022.pdf), it appears that
1. The asset management business gives them a profit of about RM72m per year
2. The sale proceeds they are getting from the sale is about RM1.4b
3. It appears they are going to reinvest RM1b, hence my guess is that they are going to pay special dividend of RM400m.
Assuming they are going to pay the RM400m special dividend, that translates to about 18sen per share.
On top of that, they claim that the remaining RM1b reinvested in the banking business will yield RM152m income after tax. So the extra earnings (after tax) is about RM80 million per year. Based on PE ratio of say 8, that would give additional EPS of 30sen.
So based on the above, my guess is there is 18sen + 30en = RM48sen upside. That is on top of the 12sen dividend. So yes, I think RM2.50 is possible.
The above is purely my speculative view.
4 days ago
Overnight Dow Jones crashed over 1,100 points (for people who doesn't know) but Affin share price climbs. What does it tell you?
4 days ago
its largest shareholder need money. LTAT needs to declare dividend to its members too. Need to make everyone happy. Then election. :)
4 days ago
Yes, LTAT badly needs dividend, Boustead also badly needs dividend. Affin is a banking group that is currently traded at half its net assets value per share. Currently EPF is selling down because they needed cash badly for the RM10k withdrawals.
4 days ago
It's nice to see the largest stakeholder (LTAT) advocating hard for the interest of all shareholders, including us. I personally am not looking to receive cash, but to reinvest. Can anyone guess the price of the share reinvestment from div proceeds?
4 days ago
Can ask what's the criteria to earn the dividend? Must buy tis share from what time ?
4 days ago
@aklobi, if you elect for dividend reinvestment, the shares issued to you will be around 10% discount to the prevailing market price.
4 days ago
In the past, the dividend reinvestment (i.e. dividend is paid via issuance of new shares instead of cash) has always be at about 10% discount on the average closing price.
So let's say you are entitled to dividend of RM100. So if you opt for cash dividend, you get RM100 cash.
Let's assume the average closing price of the shares for the past 5 trading days is RM2, then apply 10% discount. That gives you a share price of RM1.80 per share. So if you go for the dividend reinvestment, you will get RM100/RM1.80 in shares, i.e. approx 55 shares. So if the share price remains at RM2, then you can sell the 55 shares for RM110!
Why do banks (e.g. Maybank etc) do this? Simple reason... they need capital for their lending business. So if they pay out cash, there is less capital for them to lend.
4 days ago
For people who doesn't know, Sumitomo Mitsui Banking Corporation of Japan is 2nd largest shareholder in Affin, holding indirectly over 23% equity.
4 days ago
Sumitomo Mitsui Banking Corporation is the 2nd largest banking group in Japan and the 80th largest company in the World.
4 days ago
If LTAT were to ever decide to exit Affin, Sumitomo Mitsui Banking Corporation can easily buy over.
4 days ago
The dividend, if share bought after the dividend date, still entitled to it ?
4 days ago
If Affin can maintain 2021 PBT of about RM700 mil going forward, and assuming P/E ratio of 10 (most other banks about this size has PE ratio of about 10-14), that would give a rough valuation of RM7b. So price per share should be around RM3.29
3 days ago
so means the current price of affin is only between RM2.10 to the most at RM2.20 ? Or need wait result from QR in AGM ?
3 days ago
Steady and up and steady and up ...steady and up again ...then ....fixed at certain price
17 hours ago
A bank selling for less than half its net assets value giving a 12.5 sen dividend is very undervalued.
16 hours ago
"NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES"
The above is for all share holder or it has condition?
11 hours ago
All shareholders entitled to the 12.5 sen dividend is eligible to elect for the dividend reinvestment plan. There is procedure to follow and a payment of RM10 for stamp duties.
9 hours ago
EPF is so desperate for cash that they can't wait for the 12.5 sen dividend and keeps selling everyday.
9 hours ago
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@aklobi, AGM is next week on 25th May.
6 days ago