AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.48

Today's Change

-0.04 (1.59%)

Day's Change

2.48 - 2.51

Trading Volume

1,938,300

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
2 people like this. Showing 50 of 3,914 comments

TheContrarian

Bought Affin at 2.45 today.

2 months ago

Asia88

Any door gift for attending this company agm?

1 month ago

LubeTrader

Obviously BNM dragging its feet because the offered price is too low. I'm sure many of you have noticed by now, Affin's head honchos are buying their own company's share. It's not uncommon I know but acquiring now? What does this indicate? Interesting nobody is talking about it.

1 month ago

TheContrarian

The head honchos got the shares at cheap, cheap price of RM1.86, who doesn't want?

1 month ago

TheContrarian

Already almost end of March, still no news of the done and dusted deal?

1 month ago

rohank71

New mgmt at LTAT just announced. hope they now can work to complete the deal.

1 month ago

rohank71

https://www.klsescreener.com/v2/news/view/1301723

Hope they can sign off deal sooner.

1 month ago

rohank71

Affin active today with lots.of buyers. will the deal with Swak be announced soon..anyone can share.

1 month ago

LubeTrader

Door gifts at AGM seems to be the prerequisite for attendance. I think the meeting takeaways are what we're after.

1 month ago

TheContrarian

Mohamed Khalid confirmed that Boustead Holdings Bhd, which has been taken private by LTAT in June 2023, will sell its stake in Affin Bank Bhd to the Sarawak state government, although he did not clarify the quantum of the stake that will be divested.

He said the deal is currently pending Bank Negara Malaysia’s (BNM) approval.

“We will proceed with that (stake sale). We are just waiting for the approval from BNM. Not LTAT, but LTAT's subsidiary Boustead. LTAT will still remain in Affin Bank,” he said, confirming that LTAT will retain its stake in Affin Bank.

1 month ago

TheContrarian

There's a possibility that Sarawak will be paying something like RM3 per share for the deal to go through.

1 month ago

TheContrarian

During Hari Raya on 10th April Abang Jo said that approval from BNM within 2 weeks.

1 month ago

TheContrarian

Sarawak will be paying approximately RM1.4 billion to increase their stake in Affin. What is unknown at the moment is this RM1.4 billion is for how many percentage in Affin. If it's for the whole 20% held by Boustead then the price tag is around RM3 per share.

1 month ago

stockraider

Rumor raider heard is the purchase price will be around Rm 2.80 loh!

1 month ago

TheContrarian

Bought Affin at 2.42.

1 month ago

aklobi

Good luck TheContrarian. I am still waiting for lower prices, hopefully after the hype ends. Adopting a "Cash is King" strategy.

1 month ago

TheContrarian

Personally I think 2.40 will be the floor price in the near future because that's the minimum price LTAT will sell to Sarawak.

1 month ago

TheContrarian

On 10th April during a Raya function Abang Jo said Bank Negara approval within 2 weeks. The 2 weeks is coming to an end soon. Something that was apparently done and dusted back in December is taking a longer time than expected.

1 month ago

TheContrarian

Hopeful there's no hiccups and Affin will rally.

1 month ago

cts9389

March 26, 2024 at 08:34 am EDT
Share
AFFIN Bank Berhad proposed single-tier final dividend of 5.76 sen per ordinary share in respect of the financial year ended December 31, 2023.AFFIN Bank Berhad Proposes Single-Tier Final Dividend for the Year Ended December 31, 2023

1 month ago

Littleprince

Sorry but can anyone enlighten me on why Sarawak don't organically apply for a license and build a commercial bank of their own?

1 month ago

aklobi

Good question Littleprince

1 month ago

SeekUndervalued

@Littleprince, it takes time to build. And if the pricing is right, why not purchase a ready commercial bank? It saves time, and you can also calculate your budget. Just like why you buy a ready made house by developer instead of building your own house.

1 month ago

LubeTrader

Quoting report:
Financial weekly "The Edge" quoted people familiar with the matter as reporting that at this stage, the Sarawak state government is seeking approval from Bank Negara to increase its existing shareholding, which is 4.8%, to about 30% in one fell swoop.

It is understood that Sarawak intends to nominate Tan Sri Abdul Aziz Hussan, chairman of its economic development agency, to serve as chairman of Affin Holdings.

Sources said that it is still unclear whether this will be achieved, but Bank Negara Malaysia prefers that Affin Holdings have an independent chairman.

1 month ago

LubeTrader

BNM is uneasy about not having an independent chairman for transparency reason. Let's hope they can clear this stumbling block soon.

1 month ago

TheContrarian

Affin AGM tomorrow at 10 am.

1 month ago

TheContrarian

The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah in attendance.

Chairman thanked all the investors, customers, and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism, and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.

1 month ago

TheContrarian

Abang Jo didn't attend the AGM.

1 month ago

plaxo 88

Anybody knows if there was a door gift announced for people who registered or voted?

1 month ago

LubeTrader

There are more pressing matters to attend to, like vote, understand the financial position and future direction of the bank than door gifts. Why is it so important? Are you a collector?

1 month ago

TheContrarian

Affin is consolidating too long, there's no clear direction going up or going down.

4 weeks ago

TheContrarian

Ya, hard for bank stocks to move up without foreign funds buying.

4 weeks ago

TheContrarian

April coming to an end and still Sarawak has not been given approval to increase their stake in Affin.

4 weeks ago

TheContrarian

KUCHING, May 2 — The Sarawak government is still waiting for approval from Bank Negara Malaysia (BNM) to acquire a majority stake in Affin Bank Malaysia, said Premier Tan Sri Abang Johari Openg today.

3 weeks ago

TheContrarian

CNY over, Raya over, is Abang Jo waiting for Deepavali?

2 weeks ago

SeekUndervalued

@TheContrarian, Hahaha. Waiting for Christmas as well.

2 weeks ago

TheContrarian

Abang Jo wants to take control of Affin buying so little and paying so little.

2 weeks ago

aklobi

Looking at the last 5 target price estimates, the highest is 2.25 and the lowest is 1.70: I suspect that after the dust settles from Sarawaks transaction there will be blood spilled from an over sell. Many fingers could be burned

2 weeks ago

TheContrarian

Those targets set by Investment Banks?

1 week ago

TheContrarian

Already mid-May still no approval for Sarawak to buy Affin. Seems like hot air from Abang Jo.

1 week ago

TheContrarian

There's a 50% chance that the Sarawak proposed acquisition of Affin will be called off. Pity Abang Jo.

1 week ago

aklobi

I am there at the bottom of the tree with my bucket wide open waiting for the fruits to come falling..

1 week ago

EngineeringProfit

Wake up ....don't get your fund stuck here for too long. Lots of profit$$$$$$$ in many other counters

1 week ago

aklobi

@EngineeringProfit.. I have looked all over the market but prices have skyrocketed. I am playing the patient waiting game.

6 days ago

TheContrarian

Took some profits on Affin at 2.56 this morning.

5 days ago

TheContrarian

May 22 — Sarawak Premier Tan Sri Abang Johari Openg today said that European Union (EU) countries have indicated their interest to set up an EU bank in Sarawak to provide a source of funding for green investments in the state.

🤣🤣🤣

4 days ago

M55555

All IB SELL CALL? HOW ?

3 days ago

raymondroy

IBs give sell call as affin PER is 14x plus plus....when most banks are at about 10x PER.... or below :-) happy hunting

3 days ago

TheContrarian

Affin price will not likely to dip below 2.40 because that's the minimum price LTAT selling to Sarawak.

2 days ago

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