tomorrow the light will shine on Affin. With good earnings & posting 45% more pre-tax profit, we will see Affin price shoots up tomorrow morning. Maybe it will continue to swing upwards to $4 perhaps? So please come prepared with your money handy to buy Affin ...lol
Want to make some real money, then go for Affin shares tomorrow morning. The cheapest bank shares in the market with reference to it's NTA & earnings......yahoooooooooooooooooo.
Affin Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2011 rose by 44.9 per cent to RM216.2 million from RM149.2 million in the same period last year.
Revenue increased to RM680.1 million from RM597.8 million, the company said in a statement today.
For the nine months ended Sept 30, 2011, its pre-tax profit increased to RM534.5 million from RM480.8 million in the same period last year. Revenue rose to RM2 billion from RM1.7 billion previously.
Stupid RHBInvest Research now give a nonsense TP of $2.05.....what nonsense when Affin is making money & for the 1st time give a high dividend of 12 cents compared to previous 9 cents yearly. Remember they gave a TP of $2.12 last but Affin went as high as $3. Now you be the better judge.
alextoh43 when any research house say 'hold' or 'underweight' mean we must buy fast! most of the time is true .... dont know why? ...yes, alextoh43, just buy & buy only & you can't go wrong. Affin should be ripe for a takeover too I guess....small banks can be easily makan habis.
Brother tand3, when at first I recommend you all to buy, it was around $2.80 to $2.90...now it's around $3.22 last. That means you should have made a easy profit of around 12%. I think there's still room for it to go higher ground brother tand3, but then brother tand3, this is not a hit & run counter. Buy & keep for mid or long term....should go as far as $3.50++. I last bough back Affin at $2.28 [after selling mine previously at $3.56] when the stupid RHB research said it would go down as down as far low as $2.02 and plenty of headless chickens panic & sold & I buy & buy & still holding even though I collect my dividends. But then brother tand3, I cannot predict that my TP will be like around $3.50 [still got 28 cents to go] in a few months time but I still have faith in this Affin but then you have to keep in mind of the uncertainties in Europe before you buy.
Cheers & a Happy Chinese New Year to you & your family too....take care too.
Brother tand3, at the price of $3.22, it's still a good price to sell if you had follow my earlier recommendation as you are making a good profit. So I leave it to you to decide but do wait for a few days more after CNY & see the trend before you decide to sell.
Thank you brother tand3 for your kind words. Yes, our market is indeed like a CASINO & there are lots of sharks, ulars, conmen, etc & you must very very careful with your hard earned money brother tand3. Let me tell you frankly & honestly this....NOBODY IS GOING TO HAND YOU EVERYTHING ON A SILVER PLATTER. Brother, it's a dog eat dog world & things are not what you see & think, please learn & face the REALITY OF PLAYING SHARES....better be SMART then to be REALLY REALLY SORRY later.
I had seen some SELFISH bloggers who had ULTERIOR MOTIVES & who are all for themselves to make money FOR THEMSELVES ONLY & YOU ALL , THE INNOCENT ONES, AS THE PAWNS. But then there are a few good bloggers too, this I got to admit. I had seen some bloggers recommending BUY, YES BUY, for some REALLY LOUSY COUNTERS that had year in and year out showing it's reports FULL OF RED INK & ON TOP OF THAT, THESE BLOGGERS GIVE THEIR OWN TP....OMG. My friend, these are the people who will really bring you to HOLLAND, so please, please do your homework & NOT DIVE BLINDLY, YES BLINDLY, INTO THESE REALLY LOUSY COUNTERS THAT SOME VERY SELFISH BLOGGERS RECOMMEND. These very lousy smeared with plenty of red ink & had nothing promising to show, NO MERGERS, NO TAKEN PRIVATE, NO INJECTION OF ANYTHING, etc, etc & these bloggers had the GUTS TO ASK YOU ALL TO BUY & BUY & THEY GIVING A VERY GOOD TP JUST TO TEMPT YOU FOR SOME REALLY EASY MONEY.
One final word, ALWAYS TRUST YOURSELF & NO ONE ELSE INCLUDING ME AS WE ALL ARE ALL FACELESS PROPLE IN THIS INTERNET WORLD.
Recommendations are not a good thing to do. Best to learn it yourself. Go enroll in some courses both fundamental and technicals. That way you keep your head and don't blame the other guy when the other guy goes on long holiday and forgets recommending a sell to you when he's already done that. Investors = long term speculators. In stocks there's no certainty. There's only probabilities. Cheers.
cmlooi: Warren buffet 3rd richest man in the world. he is investor. Yes investing is not easy. That why many people are fail to do that. Most of people are speculator, coz everyone want fast money right? in other word newbies, 1st came to stock market they call themself trader, when they stuck at stock they change to investor. Conclusion is they are speculator not investor or trader. For me what ever trader or investor with good knowlege make money in stock market.
Affin at Rm3.30 now, yes ... I written that to buy at RM2.85 levels. Now, I need to point it out that bloggers like us ... some are sincere to share and help those newbies or novices. We need to be smart enough to see and analyse it ourselves. We should NOT blame it on SC, broker-houses, dealers or remisiers, bloggers(poor me) ... or ANYONE, including your dogs ... for our losses. We should LEARN to take mistakes and ANALYSE our mistakes constructively. If a blogger brings you some losses, it could be you BELIEVED him and followed blindly. To me, I like to share and teach those newbies or novices. They should have a good guidance and in a way, I hope my blog could bring awareness of homework needs to be done.
Definitely CIMB would not want Affin to go up because they issued Affin CF, Expiry date: 30/08/2012, Exercise price: 3.00....now traded at RM0.07, conversion Ratio 3:1. Mother price at RM 3.08. Never trust them !!! Do your homework better.
no laa...Following Affin Bank Bhd's financial year 2012 first quarter results announcement last week, a re-rating of the bank is possible considering its new dividend policy of 50% and the likelihood of Bank of East Asia (BEA) increasing its stake in Affin in the near future.
Affin, the second smallest of eight local banking groups, registered a 56 per cent rise in first quarter net profit, boosted by improved earnings at its insurance associate and writebacks.
Larger-sized rivals like Malayan Banking Bhd and CIMB Group Holdings Bhd have a dividend policy payout ratio of between 40 per cent and 60 per cent, while RHB Capital Bhd's is 30 per cent.
BEA seems to have shot down that notion. This will be interesting as I am of the opinion that BEA may be holding back for aa better deal. They have already divested their iinterest in both USA and Canada.
Yes, BEA wishes to hive of it's Affin shares, that's for sure and make a profit of more than $200 million. Now they are sending feelers out hoping to get a better pricing and there won't be short of buyers for their Affin shares.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
eewernsim
2 posts
Posted by eewernsim > 2011-05-16 14:41 | Report Abuse
will recent BLR hike add value to this stock?