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%

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

TheContrarian

@aklobi, AGM is next week on 25th May.

6 days ago

loribalak

Yes AGM is 25 May. Shareholders have to approve the dividends at the AGM

5 days ago

jeffrey1166

keep buying n wait for dividend 13 cents tp 2.45

5 days ago

loribalak

Yes. Looking forward to the special dividend (sale of asset management business) on top of the 12.5 sen final dividend

5 days ago

loribalak

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

TheContrarian

Yes, that second sale would take Affin beyond RM2.50.

4 days ago

kitmanworld

@TheContrarian, beyond RM2.50? You must be kidding.

4 days ago

troy88

Well done. Dark horse in banking sector

4 days ago

aklobi

A fair price in my opinion is 2.50. The potential to reach 3 within 1 year is not impossible

4 days ago

TheContrarian

Only 30 sen to reach RM2.50.

4 days ago

loribalak

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

TheContrarian

@loribalak, nice sharing.

4 days ago

TheContrarian

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

beluga

its largest shareholder need money. LTAT needs to declare dividend to its members too. Need to make everyone happy. Then election. :)

4 days ago

TheContrarian

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

stockraider

Very good investment with special div coming mah!

4 days ago

aklobi

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

kitmanworld

Can ask what's the criteria to earn the dividend? Must buy tis share from what time ?

4 days ago

TheContrarian

@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

loribalak

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

TheContrarian

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

TheContrarian

Sumitomo Mitsui Banking Corporation is the 2nd largest banking group in Japan and the 80th largest company in the World.

4 days ago

TheContrarian

If LTAT were to ever decide to exit Affin, Sumitomo Mitsui Banking Corporation can easily buy over.

4 days ago

jeffrey1166

latest tp 2.55 june keep buying today as well me

4 days ago

TheContrarian

Go, go, go Affin.

4 days ago

TheContrarian

12.5 sen dividend confirmed coming.

4 days ago

kitmanworld

The dividend, if share bought after the dividend date, still entitled to it ?

4 days ago

jeffrey1166

dividend is mid of june right

4 days ago

TheContrarian

Dividend payment probably around mid to late June.

4 days ago

Endgame

Bila 3? Dah tunggu lama

3 days ago

loribalak

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

kitmanworld

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

TheContrarian

@loribalak, may I know how long you have held shares in Affin?

1 day ago

LouiseS

大马九大银行股哪一家最值得投资?
https://youtu.be/Q6Hw0ITlkvQ

23 hours ago

kitmanworld

apa tu??

21 hours ago

TheContrarian

Tu YouTube.

20 hours ago

kitmanworld

Oh, ingatkan scammer link.

19 hours ago

jeffrey1166

keep buying cheap

19 hours ago

kitmanworld

Its no longer cheap, just that its not moving up. What do you call this ?

18 hours ago

Markv572421

Steady and up and steady and up ...steady and up again ...then ....fixed at certain price

17 hours ago

TheContrarian

EPF could still be selling.

16 hours ago

kitmanworld

True, FF could still be selling

16 hours ago

kitmanworld

It is cheaper now for entry.

16 hours ago

TheContrarian

A bank selling for less than half its net assets value giving a 12.5 sen dividend is very undervalued.

16 hours ago

loribalak

@TheContrarian I went in when it was 2.00-2.01

16 hours ago

kitmanworld

if make profit dy then exit , else nanti FF kasi lesson sama kita suma

16 hours ago

redhotpepper

"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

TheContrarian

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

TheContrarian

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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