AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.08

Today's Change

+0.03 (1.46%)

Day's Change

2.04 - 2.08

Trading Volume

896,000

Overview

Market Cap

4,602 Million

NOSH

2,212 Million

Avg Volume (4 weeks)

2,684,244

4 Weeks Range

2.04 - 2.52

4 Weeks Price Volatility (%)

6.25%

52 Weeks Range

1.63 - 2.52

52 Weeks Price Volatility (%)

49.44%

Previous Close

2.08

Open

2.05

Bid

2.07 x 39,000

Ask

2.08 x 83,300

Day's Range

2.04 - 2.08

Trading Volume

896,000

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2022 [#3] | 25-Nov-2022

Next QR | Est. Ann. Date

31-Dec-2022 | 28-Feb-2023

T4Q P/E | EY

3.35 | 29.89%

T4Q DY | Payout %

5.76% | 19.28%

T4Q NAPS | P/NAPS

4.81 | 0.43

T4Q NP Margin | ROE

42.67% | 12.85%

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 3,001 comments

Damien0111

"We will be launching our mobile application soon, bringing the best breed in the system in line with our growth plans,” he told reporters in a briefing after the bank’s extraordinary general meeting (EGM) here today.

Wan Razly said the bank’s EGM saw its shareholders unanimously voted to approve the proposed special dividend amounting to RM400.21 million or 18.09 sen per share, the highest ever by the bank.

3 weeks ago

Damien0111

"This is why we are embarking on many things such as introducing the new mobile app and a new online platform on our website with value-added services to attract more customers because the better CASA we have, the better margins we make and the stronger we will be,” he said.

He said Affin Bank would also look for strategies to increase its fee income business, forex business, wealth and insurance business moving forward.

"We are very targeted and selective in how we approach our customers. We will remain agile and adjust ourselves to various headwinds as we are long-term positive on Malaysia and its capabilities of growing the overall business in this country

3 weeks ago

kitmanworld

The DRP at 1.85. Is this the intrinsic value of the company now ? The current share price seems to have factored in the dividends and much more....

Worth buying now ??

3 weeks ago

aklobi

@kitmanworld, The book value for Affin is 4.66 per share. The stock is worth much more than current price.

3 weeks ago

TheContrarian

DRP is set at 10% discount to the market price ex-dividend.

3 weeks ago

Nepo

Affin Islamic Bank Bhd is eyeing a mutually beneficial relationship with small and medium enterprises — with Affin Islamic Bank being hungry to grow its loans while many SMEs are still facing challenges to obtain funding in a tough economic environment. Earlier, Affin Bank Bhd’s shareholders unanimously voted to approve the single-tier special dividend payout of 18.09 sen per share, amounting to RM400.21 million, following the divestment of a 63% stake the group owned in Affin Hwang Asset Management Bhd, which was completed on July 29. Affin Bank president and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said currently, Affin Islamic Bank contributes 44.5% to the group's contribution, adding that it is poised for stronger growth in the future.

3 weeks ago

Peace99

Anyone knows whether DRP can be done electronically? I hope so because will be overseas in December....

2 weeks ago

aklobi

@Peace99 I always tell my broker to do it on my behalf

2 weeks ago

TheContrarian

@Peace99, yes I did it electronically the last time. You need to have a Bursa Anywhere account.

2 weeks ago

durian_jatuh

@Peace99 if u have cds direct account, can do it at TIIH Online  https://tiih.online

2 weeks ago

TheContrarian

You don't have to do it at TIIH Online if you have a Bursa Anywhere account. Bursa Anywhere is the official account registered with Bursa Malaysia.

2 weeks ago

kitmanworld

Thanks @Aklobi and TheContrarian

2 weeks ago

Peace99

@TheContrarian @durian_jatuh Thanks alot. My Affin is in a cds direct account, and i have used tiih.online before. Also have a Bursa Anywhere account. Dont want to miss the DRP as the discount is big :)

@aklobi For my shares in Public Bank, I also go through the broker. But my Affin is in a direct account, the "broker" doesn't do it.
Have a nice day, everyone!

2 weeks ago

Sangranghaeyo

Affin Hwang Asset Management Bhd (Affin Hwang AM) has completed its rebranding to AHAM Asset Management Bhd (AHAM Capital).

The company said the rebranding exercise, including a new corporate name and logo, would strategically position the company for its next growth phase after over 20 years in operation.

2 weeks ago

Sangranghaeyo

Managing director Datuk Teng Chee Wai said the new brand identity marks the start of a new and exciting journey for the company and its clients.

"Anchored by the same core values and entrepreneurial spirit since our founding in 2001, we have continuously grown from strength to strength over the years alongside our clients who have placed their hard-earned trust with us.

2 weeks ago

Sangranghaeyo

Currently, 70 per cent of our transactions are done through digital (technology) with an even bigger volume since we embarked on digitalisation in 2018.

"Alongside our new shareholder CVC Capital Partners which came on board in July 2022 as well as Nikko Asset Management, (both of) which have stood by us, we will continue to chart new frontiers in wealth to empower investors in a changing financial landscape," he said.

2 weeks ago

stock

how much is the expected dividend payout % ? is it based of price at ex-date at 30th November. It says RM 0.1809+0.0453 = RM 0.23. If Affin price is RM 2.45 at 30/11/22, so dividend is around RM 0.23/RM 2.45 = 9 %.

am i correct?

1 week ago

aklobi

Good Morning Affinians! Such a lovely day!

1 week ago

TheContrarian

Due to release of Affin's fantastic results.

1 week ago

Nepo

Actually latest results not good
Too much bad debt impairment loss

1 week ago

10bagger10

Impairment is good ma

1 week ago

TheContrarian

Yes, impairment is good indeed. Next quarter can write back the impairment.

1 week ago

nsyeik142857

Continuing operation Earning per share lost about 8.99 Sen, asset disposed Earning per share about 49.53 Sen. Net earning per share 49.53 - 8.99 = 40.54

1 week ago

TheContrarian

Tuesday everyone sell Affin.

1 week ago

aklobi

@TheContrarian: not so fast. Did you forget the entrance of Affin into MCSI index on 30 Nov? There will be hungry buyers for those sellers.

1 week ago

TheContrarian

@aklobi, thanks for reminding me.

1 week ago

Markv572421

Neve mind i keep un til met my target RM 6-7 ringgit value

1 week ago

aklobi

According to Bloomberg, among seven analysts who track Affin Bank, six have a "buy" call on the stock, while one gives a "hold" recommendation, with an average 12-month target price of RM2.64.
In other words, we are no where near the target yet.

1 week ago

stockraider

Buylah.....surewin mah!

1 week ago

stockraider

Actually the sustainable div yield should be says 14 sen div going fwd & the ex price for affin after div of 23 sen is rm 2.28.....thus give div yield of 6.1% pa loh!

1 week ago

Nepo

can sell already
i disembark RM 2.50
value reflected

1 week ago

TheContrarian

Sold my remaining Affin at 2.50, thank you for the gains.

1 week ago

aklobi

Just a reminder, Affin will be added to MSCI Index 30th Nov. The REAL journey hasn't started yet.

MSCI Indexes have the power to change the market. When an index is rebalanced, all the ETFs and mutual funds that track it must buy and sell the same stocks. Stocks that are added to the index usually find their share prices rising. The opposite happens to stocks that are dropped from an index.

1 week ago

TheContrarian

Good luck to you aklobi.

1 week ago

aklobi

Thanks TheContrarian, today new target price by RHB: 2.80.

1 week ago

Markv572421

ini EPF bikin kacau saja .....

1 week ago

aklobi

@Marks, please explain

1 week ago

TheContrarian

Mark is trying to say EPF is selling down.

6 days ago

Markv572421

TheContrarian hahahahh good explaination ......

6 days ago

Markv572421

Still keep ?

6 days ago

TheContrarian

Possibly LTAT is also selling down.

6 days ago

ariffiin

Affin Islamic Bank Bhd is eyeing a mutually beneficial relationship with small and medium enterprises — with Affin Islamic Bank being hungry to grow its loans while many SMEs are still facing challenges to obtain funding in a tough economic environment. Earlier, Affin Bank Bhd’s shareholders unanimously voted to approve the single-tier special dividend payout of 18.09 sen per share, amounting to RM400.21 million, following the divestment of a 63% stake the group owned in Affin Hwang Asset Management Bhd, which was completed on July 29. Affin Bank president and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said currently, Affin Islamic Bank contributes 44.5% to the group's contribution, adding that it is poised for stronger growth in the future.

5 days ago

Nepo

I believe the bottom is somewhere around RM 1.9x-RM2.0x

5 days ago

imbravo

2.0 good to buy

5 days ago

sg999

1.5 coming.

4 days ago

aklobi

Pe ratio 3.21 +
Added to MCSI Index +
Average target price above 2.60
= Stock extremely undervalued

4 days ago

Eric Fong

Might reach tp3.30

3 days ago

aklobi

Congrats Affinians, DRP price is RM1.85, average target price above RM2.60. Price difference RM0.80.

2 days ago

jguy

Mr @aklobi , for the share option, which option is better, do nothing and take the cash, or opt in for the DRP program?

1 day ago

aklobi

@Jguy, DRP of course. But only a portion of the cash can be used for DRP, tye rest will be cash.

1 day ago

Post a Comment