Accumulate stage is almost over and expect the shares moves to 3 mark anytime soon. Time to collect the shares when the price is still low and dividend will be entitled on monday. Trading buy call 3.80
Lol man stockbroking is just a tiny bit of income and revenue to Affin. Their bread and butter is credit. Looks like a good buy but sadly I wasn't in the market last year so couldn't take advantage of this bargain. Keep it on my watchlist but I think there are better bargains out there. Should still be a decent secular growth stock going forward though. Might consider strongly if it retraces to ~RM2.50-2.65.
With respect to The Contrarian, I tend yo agree with nickicheong. My gut feeling (which I trust most of the time) says that Affin needs to take a deep breath and retreat to at least 2.7, 2.6 and possibly 2.5 before trying to climb above 3.
A correction is necessary and healthy to the stock. I believe Many Affin lovers, including me, feel that buying the stock without the correction occuring is risky. I sold @2.95 and am willing to board the ship again when it refuels. I won't board the ship in the open seas while some investors are actually fleeing.
TheContrarian just beware of one thing.. maybe traders have factored in the price an exaggerated expectation that Affin Hwang would have good results. If QR comes out "normal" or "mediocre", Affin may go down- sharply.
There's a huge safety margin as Affin is trading at way below its net assets value of above RM4. Affin also has no exposure of O&G clients. All bank counters are climbing. Affin has always been a laggard, the last to climb. There's absolutely no downside risk but plenty of upside.
ANOTHER IMPORTANT POSITIVE IS ITS PROFIT RECOVERY IS FIRMLY ON TRACK.
LATEST FY 2016 REGISTERED A 51% INCREASE Y-ON-Y (UP RM 198M) THE PROFIT JUMP IN ITS RECENT 4Q WAS VERY IMPRESSIVE. (177M AGAINST LAST CORRESPONDING 100M I.E.HIGHER BY 77%)
AS CONFIRMED AFFIN BANK HAS NO EXPOSURE TO THE DEPRESSED O&G SECTOR.
THE COMING 1Q PROFIT WILL BE STRONGER AND THIS WILL PROPEL ITS SHARE PRICE UP WHEN IT ANNOUNCE ITS RESULTS BY THIS MONTH END
The great quarter result is over the expectation and the share price will goes above 3 once the quarter result release so time to buy now. Trading buy call 3.80
most under valued share in the bank sector will be awake when the latest quarter result release. Time to buy now before it's too late. The entry point still consider low as the target price will be review again. Latest target price 4.20
TheContrarian, what other stocks in the market that have similar potential to Affin and HAVE NOT RISEN MUCH yet. I'm looking for stocks similar to Affin when it was around the price of 2.10.
Affin will be the best choice in the bank sector as the shares has been much undervalued. After the major transformation to the affin group, the profit will increase significantly and this will be showing in the coming quarter result. Target price 4.20
aklobi, you can't find stocks at such bargain price as RM2.10 now as market is turned bullish. I myself bought Affin @ RM2.09 then but sold off @ RM2.29 in November to switch to Affin-CV @ 17 sen. Past three days I was screaming at people to buy Insas before the QR released. Today it has gone up but still very much undervalued.
aklobi, I see that you only invest in Affin and has invested in it for three years at least. Affin is very much undervalued. There's no other bank that you can buy at a price below net assets value. My advice is do not sell in a hurry. There's much upside so long as the overall stock market is bullish.
Ok.. i'm actually in love with the stock tbh.. which is bad in a way.. but stocks need to correct from time to time.. i bought again with 30% of my capital @2.82.. willing to buy again if the price is right.. and yea TheContrarian, plz keep up the good work!
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....
Buybuybuy
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Posted by Buybuybuy > 2017-05-09 08:51 | Report Abuse
Trading buy call 3.80. 3 mark resistance will break by today and time to collect the shares before it is too late.