Verdict: Affin's current share price remains overpriced for its fundamental outlook - even factoring in the Sarawak factor.
Yays
Nays
OKs
Results in a nutshell:
▼ 6MFY24's Core net profit (NP) of RM229m down by -13%yoy.
Largely dragged by a sharp increase in OPEX and weaker NII and Associate results. There were notable improvements in NOII and provisions.
▲ 2QFY24's Core NP of RM119m up by +8%qoq. Driven by better NOII, NII and OPEX.
▲ Gross loans grew by +1.4%qoq, coming up to +3.5%YTD.
▼ Deposits grew by -0.7%qoq, coming up to +0.6%YTD.
▲ GIL moved by -6bps to 1.89%, LLC currently at 97%.
Source: MIDF Research - 26 Aug 2024
Chart | Stock Name | Last | Change | Volume |
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Created by sectoranalyst | Nov 22, 2024
Created by sectoranalyst | Nov 22, 2024
Created by sectoranalyst | Nov 22, 2024
Created by sectoranalyst | Nov 21, 2024
Created by sectoranalyst | Nov 21, 2024