Hmm, just earn a few millions more than last year. Hard to move up without any good catalyst though.

@AmySee finger crossed. Was wondering why Revenue don't pay dividend one.....

I think 8 sen DPS, still good result despite challenging times

Looks likely another round of sales ?

The opr increase is one of the mover to increase the profit of affin, without the opr increase, I guess there is not much profit? Definitely overpriced stock. Sometimes low PE does not means good stuff.

Quarterly result doesn't look good.

Don't dream on, 3 sen dividend not much also. money collected from more than half of IPO fund use to pay it's debt. How far can it fly.

If you've made your profit, then better exit, situation doesn't look good for now.

Situation doesn't look good now, SOX and Nasdaq are falling down now. Inflation still running high in us.

One must be good at reading the current chart now.

Catalyst for this stock also seems to be power, unable to move the stock

Is this stock worth investing, or it will go down further?

Time to rethink or reinvest on other theme play stock. The option is yours.

@AmySee, what is the next level of Support for revenue ? Don't seems to have power to move anywhere.

Another day of sales, perhaps ?

1.84 is potentially one of the support level. Pls do take care.

You can pose this question to EPF

@Markv572421 steady la bro, why every counter also you scold them setupid one. Take care and stay safe la.

How low will it drop to? Want to plan sell off my holding

Preparation of some sort I guess?

@calvimtaneng thanks for your highlight and concern. At this stage it might go up and breach rm1 or group of operator might push it down to take profit again. Buy on your own risk and prepare cutlost as part of your risk mgmt. Cheers!

Next week cheap sales again, hopefully

Third day cheap sales

Cheap sales now

5-6 Ringgit ? Emmm....can enlighten how was that derived ?
Many of us will be rich by then :)

I personally feel the dividend is around 18 sen. My personal opinion. What do you think?

In short, its called tokenisation method. Hmmm, downtrend a lot past few days, when will it go south to 88 sens? Anyone?

Hmm, jualan murah again today.....

Its time to accumulate now. RM2.10 now, cheap sale.

dividend 25 sen ? Can give around that figure ?

@PorridgeRice, Oh my, can bungkus kedai dy.......

@AmySee good or no good for revenue ?? Sudah go down south already

Not much effect. It is business as usual over here.

Hope this will bring positive reaction to this counter

https://soyacincau.com/2022/08/05/visa-contactless-payment-causeway-link-handal-indah-e-wallet-2022-consumer-payment-attitudes-southeast-asia/

Any idea when will be the "special announcement" ?

IPO in Malaysia = to make profit out of retail investor :))))

Yes a slow moving but safe counter. Need to have a lots of patience.

From an investment bank:

We maintain our GGM-derived PBV TP of RM2.45 (COE: 11.3%, TG: 3.0%, ROE: 7%) and OP call. Post a meeting with the group at its recently launched TRX Headquarters, we are convinced of AFFIN achieving its ambitious FY22 targets with some resiliency against economic headwinds. Disposal of its business units will help to fuel its key banking division’s endeavours. There is no adjustment to our TP based on ESG of which it is given a 3-star rating as appraised by us. AFFIN is one of our 3QCY22 sector top picks.

Key takeaways are as follows:

- Disposal of AHAM to boost organic growth in banking division. The sale of AHAM will unlock RM1.54b in cash, likely to be sealed by the end of July 2022. This will elevate CET-1 levels to 16% (from 13.7%). The group opines that injecting said capital could stimulate the group’s banking units and add NII of RM190m (+11% to current estimates) in two years. Meanwhile, due to non-compete agreement, AFFIN will abstain from any new asset management ventures for 18 months post sale.

- Capital considerations first and then dividends. The group opines that it will ensure working capital targets are sufficiently fulfilled before it considers the quantum of special dividends that may be paid. Of the RM1.54b proceeds, if we were to estimate a payout of 25% to shareholders, this could translate to c.18.0 sen in special dividends or 9% yield while still keeping CET-1 level at c.15.8%.

- AXA to also close in 3QFY22. The disposal of stakes in AXA Affin Life and General to the JV with MPI Generali (estimated to be completed end-Aug 2022) will provide additional RM155m cash while still being earnings accretive as an associate. That said, operational integration of this JV is expected to only materialise by 1QFY23. Post merger, the combined gross written premium is expected to stand at c.RM2.0b, behind market leader Allianz’s RM2.35b book. There could be a two-pronged growth enjoyed with Generali’s non-cannibalistic product offerings on top of operational synergies from the merged entity, uplifting the segment’s overall contribution to beat its historical 5% of group earnings, going forward.

- Unhindered by recent macro developments. The group remains confident that its 12% loans growth (industry highest) target for FY22 is attainable. Although recent OPR hikes pose headwinds to affordability, strength of the SMEs is expected to remain solid as the local economic growth remains on track. This will be balanced by the launch of its mobile banking app in 4QFY22 to keep CASA and funding costs sticky. Meanwhile, NOII will be cushioned by encouraging reception of its wealth products amidst sluggish investment and trading performance.

Post update, we leave our FY22E/FY23E assumptions unchanged.

Maintain OUTPERFORM and TP of RM2.45. Our TP is based on a GGM-derived PBV of 0.48x (COE: 11.3%, TG: 3.0%, ROE: 7%) on our FY23E BVPS of RM5.07. We believe AFFIN’s monetisation of its business units (AHAM and AXA Affin) could progressively refine AFFIN’s identity as a more comparable traditional bank akin to its listed peers, which may at times fetch a higher valuation for the group. At the meantime, its dividend yield prospects of 5-6% (excluding possible special dividends) could incentivise investors to overlook its low ROE levels which should gradually be enhanced with its growth plans.

Risks to our call include: (i) higher-than-expected margin squeeze, (ii) lower-than-expected loans growth, (iii) worse-than-expected deterioration in asset quality, (iv) slowdown in capital market activities, (v) unfavourable currency fluctuations, and (vi) changes to OPR.

Although contract see ured, book order increase, there 's risk factor like cancellation, am I right? So next week uptrend will continue?

@AmySee, QR3 & QR4 result out?

Its CeO is also buying a lot of share, must be anticipating some event......

Nice, dividend of 0.15 sen.

So, what's the movement as of now? Downtrend or uptrend ?

hmmm, where is Affin heading? Up or down?

As long as not using the proceed from IPO to repay debt, this is ok.

If dip below 0.80 sen, then top up more. 1.10 is quite far away, achievable but quite far away.

Hi @Aklobi, I see. Thanks for the "Insight". :) I am not grumpy, just curious :)

@Aklobi, 50 sen dividend? What's the logic? You want to share some insight/formula on how you get the 50 sen dividend?

@AmySee, lu maciam manyiak confident, lu kerija sama itu SKL ka atau lu ada manyiak insider info. SKL pun sudah lama tak blow2 water....was woried if SKL still healthy....

Errrmmmm...petanda baik ke tak baik ???

https://www.malaymail.com/news/money/2022/07/15/european-car-sales-slump-14pc-in-first-half/17599

https://www.malaymail.com/news/money/2022/07/15/stats-dept-natural-rubber-production-63pc-lower-in-may-2022/17571

Very enticing to investor to invest, in prospectus say going to give 50% of Profit to investor as dividend. Newbie saw this mesti beli. Tapi before can give, share holder must approve, bukannya jatuh dari langit :D

Ingatkan raw material all sourced locally. Rupanya mostly imported. Just like what @stockhunter55 says.

If one day car production goes down hill, you can imagine what can happen alry as the main customer is tyre manufacturer...

This is one shitty IPO. Worst among IPO. Go on IPO just to collect money to settle bank loan. Treats the buyer as water fish. Pity those with hard earned money