MBB target price with Taurx approved is 9.00 and without is 5.70.. let's enjoy the ride. The report was out yesterday morning and sent to all clients.

Affin goes higher and higher

Great news. even though financially this doesn't impact BA much but improves its credibility. Hope to see improvement in market values.

#niki, with this can we confirm the "first oil offtake" from ASV done?. the risk of non delivery by ASV is over?

sorry had to delete as its not meant for this forum

who controls ASV... not BA but their Indian partner... how to control when U own 30%... this ASV is not important to BA... even the debt is already a project debt ie no recourse to BA and not consolidated. let's hope for new projects for BA where it controls.

as I have repeatedly say ASV is just an associate. the Q4 numbers is without ASV...yet BA achieved highest operating profit. ASV is just a small number to BA. let's not bark on the wrong tree.. if BA can produce same Q4 results (ex impairment obviously)...in Q1 surely we r at 65sen band .. ASV is just a branding purpose.

true #Lube... looks like results not important.

correct Riaz... LKT is killing the company

GentS made an impairment charge, so exclude impairment its up also. Next Q all GentB will make 500M. I was more worried abt GentM and it performed well.

bad results.. price doesn't drop. wonder why or should I say, price now a factor of Swak deal and not earnings.

my bad I was overly Conservative... wanted to buy closer to my last buying price at 48 and 49...anyway congrats to all those who bought and took the bear by its b*lls. let's see it break 63 soon.

if not for the impairment..BA would be now above 63.

cashflow is most important not P&L

soon once all the confusion is over... it will be back above 60. this who have sold yesterday should accumulate now.

worst may be over... couldn't load up at 50... Happy with what I have. back to 60 soon.

looks like the worst may be over with most analyst saying higher operating cashflow per quarters...vs highlighting the impairment. the impairment is neutral

too much selling... I give up

at 50 let's BUY big.

the other 3 is just for name sake but cash flow is contolled by the Indians.. strip them off... hence BA trades at a discount to NTA..... now u know why NTA is not important... I prefer BAs NTA at zero... but cashflow strong...

BA has only 3 FPSO and not 7... that's where we are.

that's why I always say its abt cashflow... don't look at NTA to buy a stock.

the impairment simply says @ past Armada has miss led with 50M extra paper profits.

however, as far as bz is concerned, all is good. let hold on and buy more at 50 sen.

niki, I share ur frustration with the bad management. even the board must be taken to task. when u have an accounting policy, u should stick till the end and not move the goal post halfway. credibility down the drain.

the 3 under JV is not consolidated so only 4 and soon 3 than 2 if we discount Karken.

#zonefinder, you are right.

Well said MM78

yes niki, very silly unless the management has other agenda. why now, when they knew it all along..credibility issue.

hope goes to 50 and we long term holder can load up..

let weak holders sell off.. which company has 1.5B cashflow per annum... that itself gives BA a strong footing

niki, Karken failure impacted the cashflow hence price dropped to 42 sen.. this is just accounting impact not cashflow.

the decision to impair asset now is good so the future profit will b strong.

Karken failure has cashflow impact hence the collapse. this is just accounting impact on FA.

at 50 buy

BA is not an asset company la.. asset is just accounting. what's important is the cashflow and debt outstanding. as long as Cashflow is strong why worry abt asset. I rather BA write offball asset one time and just collect money without anymore depreciation.
even company got asset and no cashflow who wants. BA earned 1.5B cashflow in 2023.. isn't that good enough?

look at cashflow

#durian jatuh.. on the same page 51 ... u have operating expenses. u didn't see ah. no operating expense how to run business.

net income for banks are income from lending less deposits..
operating exp is staff cost ect..
then only u have profit..in this case without other income its a loss.

unless MBSB don't have operating expense... I wonder how.. pls see page 3 of main financial statement.

operating profit 173M, Other income/MIDF merger income 356M .... total 529M... less operating expense 237M.. income for Q = 302M

https://theedgemalaysia.com/node/702582

mbsb profit high due to one off gain of 350M from acquisition of MIDF or else it would have lost money.

will affin declare a special Dividen before the takeover from Swak?

hope THPlant can match UPlant or KMLong or Far East, or worst case Sime Plant's Yield..

UP doesn't publish Q4 results. It will b in their annual report which will b out by end of the month.

Good luck #Calvin... hence the yield of THPlant is great. enjoy ur ride.

TH Plant has UGLY estates on Swamp Land in Sarawak, need to take sampan to collect FFB. Don't know how you can say its same.

BPlant most estates in Semenanjung. All old estates near development.

#beluga, thank you for your explanation and clarification. let's all hope for the highest price possible for Affin, which may force Swak to work hard on their huge investment.

#GSK, today banks don't trade at premium to book coz of lots of Toxic assets/book. even US banks trade at discount to book. Affin is know to have toxic assets which doesn't provide any returns, hence it has been trading a huge discount. one way is to write down the toxic asset and do a deal. which will mean the book value will drop...
I have been hoping for 0.65 to 0.75 times book. or abt 3.20 per share.
LTAT also knows that Affins book is toxic.