AFFIN BANK BERHAD

KLSE (MYR): AFFIN (5185)

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Last Price

2.86

Today's Change

-0.02 (0.69%)

Day's Change

2.83 - 2.89

Trading Volume

2,987,600


4 people like this.

4,104 comment(s). Last comment by Amazing 5 days ago

darrenliew

1,032 posts

Posted by darrenliew > 2017-03-06 12:33 | Report Abuse

I ALSO SOLD MY MBSB AND BOUGHT SOME AFFIN. BUT I DID NOT HAVE ITS CW

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-06 13:50 | Report Abuse

When did you switch?

darrenliew

1,032 posts

Posted by darrenliew > 2017-03-06 14:19 | Report Abuse

SOMETIME BACK. MADE LESS FROM MBSB BUT COMPENSATED BY AFFIN

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-06 14:31 | Report Abuse

I made 30% from MBSB.

ivan9511

3,854 posts

Posted by ivan9511 > 2017-03-06 14:56 | Report Abuse

TheContrarian
1076 posts
Posted by TheContrarian > Mar 6, 2017 02:31 PM | Report Abuse

I made 30% from MBSB.

congra the con
the con can ask your opinion
why this company :

LION INDUSTRIES CORPORATION

this lion share from bottom 0.2/ until now 0.6+++
up about 300%
can ask why this lion so great , Parkson loss than this
this lionin got any potential ?

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-06 15:00 | Report Abuse

Trading buy call. Uptrend line is intact expect to test 3.00 resistance very soon. Trading but call 3.80

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-06 15:11 | Report Abuse

ivan9511, Lion Industries has high NTA and steel industry prospect now good.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-06 15:33 | Report Abuse

RM2.89 now. Nobody cheering?

10bagger10

1,007 posts

Posted by 10bagger10 > 2017-03-06 16:40 | Report Abuse

Yeah.. yeah... yeah..

Galant

171 posts

Posted by Galant > 2017-03-06 16:45 | Report Abuse

this is marathon...relax

Posted by shortinvestor77 > 2017-03-06 17:19 | Report Abuse

Moving towards RM2.90 as expected. That's why no cheering. After crossing RM3, we shall cheer, OK?

onward

56 posts

Posted by onward > 2017-03-06 17:36 | Report Abuse

ok

erdie67

15 posts

Posted by erdie67 > 2017-03-06 18:43 | Report Abuse

Galant, you mean the show just begin.

kktom

394 posts

Posted by kktom > 2017-03-06 23:07 | Report Abuse

boo! No power

Galant

171 posts

Posted by Galant > 2017-03-07 08:13 | Report Abuse

@erdie67 Banking stocks are supposed to be slow and steady...so for me, these small ups and downs doesn't matter much as long as the mid to long term still looks good. Unless you're into the cv like TheContrarian then different story lah :)

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-07 08:20 | Report Abuse

Uptrend line is still intact and expect to test 3.00 resistance so time to buy now before it is too late. Target price 3.80

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-07 08:24 | Report Abuse

Affin-CV expires on 31/7/17, still long way to go.

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-07 11:06 | Report Abuse

Trading buy call. 3.80. Most undervalued bank share.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-07 11:50 | Report Abuse

Can breach RM2.90 today or not?

Posted by Zhiwei Vincent Teoh > 2017-03-07 12:09 | Report Abuse

dividend atleast 14 sen

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-08 08:35 | Report Abuse

once the contra players out, this shares will back to 3 dollar mark pretty soon so just hold tight and relax. Trading buy call 3.80

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 09:13 | Report Abuse

Affin where got contra players?

Beza

1,847 posts

Posted by Beza > 2017-03-08 11:15 | Report Abuse

Normal correction. All counters should have contra players. Their number should be not less.

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-08 14:34 | Report Abuse

big shark is coming this afternoon so you will see the price goes up. don't miss the chance to accumulate the shares now. Insider news

S7R7

225 posts

Posted by S7R7 > 2017-03-08 14:54 | Report Abuse

Switch to supermax

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 14:55 | Report Abuse

Contra players play the call warrants.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 17:52 | Report Abuse

Stupid EPF keeps selling. Some smart funds probably buying off from stupid EPF.

rchi

20,946 posts

Posted by rchi > 2017-03-08 19:41 | Report Abuse

i would think that given continous epf selling ,selling pressure was well absorbed and share price maintained.

some other big boys are collecting from epf,given a bit more time affin should scale greater heights.

ivan9511

3,854 posts

Posted by ivan9511 > 2017-03-08 19:53 | Report Abuse

the contra.
if you dun mind can ask ioip can invest
recently ioip drop until near history low due to they issue right issue at prices about 1.37
i also dun know why they set the ri damn low
but ioip did give out good results and good dividend .
so ioip any comments
maybe right issue really bad for ioip

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 19:56 | Report Abuse

Big boys are probably some unit trust funds particularly in anticipation of a big final dividend which Affin could afford. I understand from the top management of Affin early this year that they are unhappy with EPF selling and wanted to reach out to other institutional funds.

rchi

20,946 posts

Posted by rchi > 2017-03-08 20:03 | Report Abuse

final diviend shud be big,further affin has turned in a commendable QR.
this bank only has 1.5 % of its loan portfolio exposed to O & G sector,thus maybe the least affected by crude plunge.
i would rather believe affin has been rerated upwards by certain funds,probably foreign.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 20:08 | Report Abuse

Maybe SOCSO and KWAP have been buying but if they did, they are holding less than 5%, so we will not until the Annual Report is out.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 20:08 | Report Abuse

not know*

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 20:11 | Report Abuse

ivan9511, IOIP is IOI Properties? Sorry, I don't track IOI. I don't really like property counters. Malton was the exception.

rchi

20,946 posts

Posted by rchi > 2017-03-08 20:13 | Report Abuse

it does not matter who bought frm epf,what matters is their buying can match epf selling.
given that epf is widely used to support govt related share prices when there is a sell down,it is logical they will be off loading when prices recover.
i view the recent price actions as a precursor to greater prices.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 20:14 | Report Abuse

rchi, Affin delivered sterling results quarter after quarter. Only stupid funds would fail to notice. And stupider EPF keeps selling from as low as RM2.09.

rchi

20,946 posts

Posted by rchi > 2017-03-08 20:21 | Report Abuse

haha yes,and maybe epf start buying back once 3.0 is breached,they hv been known to do this.
anyway just a very simple comparison,affin QR is 8 sen and it trade at 2.88,rhbbank QR is 6 sen n it trade at 5.2.

it is clear as daylight affin is under rated.

rchi

20,946 posts

Posted by rchi > 2017-03-08 20:22 | Report Abuse

best luck my fren.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-08 20:24 | Report Abuse

I'm in for the long ride. I'll only sell my CVs after next quarter results which is in May.

ivan9511

3,854 posts

Posted by ivan9511 > 2017-03-09 01:30 | Report Abuse

thanks thecon noted

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-09 10:03 | Report Abuse

The price has been stabilised and will climb towards to 3 mark soon. Trading buy call 3.80

darrenliew

1,032 posts

Posted by darrenliew > 2017-03-09 10:59 | Report Abuse

CAN CLIMB BACK TO ABOVE RM4.00 TO RM4.50 WHICH WERE ITS HIGH PRICES BEFORE THE DECLINE IN PROFITS 2 YEARS AGO CAUSED ITS SHARE PRICES TO DROP.
NOW THAT ITS PROFITS ARE ALREADY IN A STRONG GROWTH PATH ITS SHARE PRICE WILL CONTINUE TO GO BACK UP.
CATALYSTS INCLUDE RISING PROFITS IN THE COMING QUARTERS COMBINED WITH INCREASING DIVIDENDS PLUS INCREASING FOREIGN FUNDS BUYING ATTRACTED BY ITS STRONG FUNDAMENTALS, INCREASING PROFITS, DIVIDENDS (EXPECTING A FINAL D OF 14 SEN SOON) AND ITS STILL VERY LOW SHARE PRICE (THE LOWEST SHARE PRICE AT 2.88 FOR A COMMERCIAL BANK WITH A FAST GROWING ISLAMIC BANKING DIVISION . COMPARE RHB AT 5.20 AND MAYBANK AT 8.80. AFFIN SHARE PRICE STILL HAVE MUCH UPSIDE.

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-09 11:21 | Report Abuse

darrenliew, don't be so optimistic.

darrenliew

1,032 posts

Posted by darrenliew > 2017-03-09 11:43 | Report Abuse

OK. JUST GETTING EXCITED OVER ITS GROWTH PROSPECTS AND ITS COMING ANNOUNCEMENT FOR ITS FINAL DIVIDEND

Buybuybuy

695 posts

Posted by Buybuybuy > 2017-03-09 12:01 | Report Abuse

Dividend will push the affin price over 3 mark so better buy now before it is too late. trading buy call 3.80

Ekovestup

14 posts

Posted by Ekovestup > 2017-03-09 14:10 | Report Abuse

When final dividen announcement?

10bagger10

1,007 posts

Posted by 10bagger10 > 2017-03-09 22:24 | Report Abuse

So. Meaning to say.. we are laughing all the way to the bank right?

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-10 08:08 | Report Abuse

Don't laugh laugh on the way to the bank, might get detained and send off to Tanjung Rambutan.

darrenliew

1,032 posts

Posted by darrenliew > 2017-03-10 15:51 | Report Abuse

BIG DIVIDEND COMING

TheContrarian

9,491 posts

Posted by TheContrarian > 2017-03-10 15:55 | Report Abuse

How big?

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