Posted by titus > 2019-01-14 20:48 | Report Abuse

Contrarian, between affin n bimb, which 1 do u prefer?

Posted by TheContrarian > 2019-01-14 21:39 | Report Abuse

I have never studied BIMB, so I don't know much about it. Affin caught my attention because it is trading at a huge discount to its net assets. The market doesn't think highly of Affin's management and neither do I. I take up a position in Affin because I think one day a merger between Affin and another banking group will take place and when it does, Affin's value will be unlocked. Limited downside risk as Affin is making consistently good profits and giving consistently reasonable dividends and potentially huge upside to share price if merger materializes.

Posted by nobitatabino > 2019-01-15 12:00 | Report Abuse

@Contrarian, any info on when on how this merger will happen?

Posted by TheContrarian > 2019-01-15 19:11 | Report Abuse

I always think that a bigger banking group would acquire Affin, possibly Maybank. Affin has a strong investment bank in Affin-Hwang, so there is synergy for Maybank to acquire Affin. It is up to the government to induce a merger.

Posted by titus > 2019-01-16 10:47 | Report Abuse

Contrarian, thanks for the reply. I find bimb is more attractive in terms of earning but of course in terms of valuation (Nta), affin is better.

Posted by TheContrarian > 2019-01-16 11:40 | Report Abuse

Yes, BIMB earnings and dividends are impressive. But I don't know whether Islamic banks practise the same prudence like traditional banks in providing for loan provisions. If they do, then it's good.

Posted by Icon8888 > 2019-01-18 11:14 | Report Abuse

Every laggard will have its day

Posted by qqq3 > 2019-01-18 11:28 | Report Abuse

icon got BIMB and Affin...u potong already?

Posted by qqq3 > 2019-01-18 11:30 | Report Abuse

icon got BIMB and Affin and Armada...u must be very bullish....

Posted by Mamat_Win > 2019-01-18 16:01 | Report Abuse

worth join in this counter?

Posted by villa1668 > 2019-01-18 23:30 | Report Abuse

Downside is limited.

Posted by titus > 2019-02-12 13:56 | Report Abuse

BIMB already inching upward at a tortoise pace but this affin is still swinging back and forth ........really bang balls...

Posted by TheContrarian > 2019-02-13 11:49 | Report Abuse

LTAT, Boustead Holdings and Bank of East Asia all reinvested their dividends as additional shares. This has reduced further the percentage of free float from the enlarged share capital.

Posted by 129055444514385 > 2019-02-25 10:17 | Report Abuse

affin could be the target for bank merger, market cap RM4bil +, PE less than 10 :)

Posted by 129055444514385 > 2019-02-25 10:17 | Report Abuse

52 Weeks Range: 2.18 - 2.63 very steady

Posted by 129055444514385 > 2019-02-25 11:10 | Report Abuse

2 years ago punya remarks,,,, 2019 could be different haha


June 19, 2017 @ 11:29am




AFFIN Bank Bhd is not looking to merge with other financial institutions even though it is under pressure from market speculation to form a larger banking group.

Affin Bank managing director and chief executive officer (CEO) Kamarul Ariffin Mohd Jamil said it was healthy to have banks of different sizes in the market.

“I think there is a place for a medium-sized bank in the market,” said Kamarul Ariffin, who is also group CEO of Affin Holdings Bhd, the bank’s parent company.




He said mergers and acquisitions (M&As) would only make sense if it added value to shareholders.

Earlier this month, RHB Bank Bhd and AMMB Holdings Bhd announced they had started merger talks, prompting speculation of other M&As in the banking sector.

Affin Bank and Alliance Bank Malaysia Bhd, among the smallest banks in the country, were said to be prime targets of M&As.

Affin Bank is controlled by the Armed Forces Fund Board while its second-largest shareholder is Hong Kong-listed Bank of East Asia Ltd.

Kamarul Ariffin said Affin Bank was targeting a loan growth of eight to 10 per cent this year, while its Islamic division was expected to grow 15 per cent.

“Broad-based growth comes from consumer, corporate and small and medium enterprises (SMEs) commercial divisions.”

Kamarul Ariffin said this year’s major contribution would be from the consumer sector, which was expected to contribute around 40 per cent, followed by SMEs and corporate segment with 30 per cent each.

Affin Bank has about 108 branches nationwide and expects to add more branches in areas that it is not represented.

“We are looking at opening five to six branches this year and next year. The initiative is in line with our move to embrace technology and digitalisation,” he said.

Affin Bank is undergoing a transformation programme to change the business model, the way it handles customers and internal processes.

Posted by 129055444514385 > 2019-02-25 11:16 | Report Abuse

second largest shareholder is a bank in HK.... surely, more sharing of biz ideas, etc... probably there will be an exit strategy for the second largest shareholder soon


Affin Bank is controlled by the Armed Forces Fund Board while its second-largest shareholder is Hong Kong-listed Bank of East Asia Ltd.

Posted by TheContrarian > 2019-02-25 11:54 | Report Abuse

Hong Leong's Quek is shareholder in Bank of East Asia.

Posted by 129055444514385 > 2019-02-25 12:51 | Report Abuse

Far from hong leong bank in terms of profitability, etc... :)

@TheContrarian Hong Leong's Quek is shareholder in Bank of East Asia.

Posted by aklobi > 2019-02-27 15:40 | Report Abuse

I need some counselling! I’m in eternal love with this stock lol

Posted by ks5S > 2019-02-27 16:01 | Report Abuse

khazanah is selling their stake in cimb and may merge with affin to offload their stake.

Posted by TheContrarian > 2019-02-27 16:35 | Report Abuse

Aklobi, told you previously to diversify.

Posted by aklobi > 2019-02-27 20:10 | Report Abuse

Appreciated TheContrarian. But give me another stock with such a PE ration that gives yearly divs and that is near its 52 week low and i’ll diversify..

Posted by TheContrarian > 2019-02-27 21:20 | Report Abuse

MAA would have been a great buy at 50 sen only recently. It's going to go limit up tomorrow for sure.

Posted by Icon8888 > 2019-02-28 18:58 | Report Abuse

7.4 Sen EPS

Cantik

Posted by ks5S > 2019-02-28 21:07 | Report Abuse

Wow
https://www.thestar.com.my/business/business-news/2019/02/28/affin-bank-nets-half-a-billion-ringgit-profit-in-fy18/

Posted by cheoky > 2019-02-28 23:41 | Report Abuse

But mana dividend... Sien

Posted by cheoky > 2019-02-28 23:45 | Report Abuse

50% dividend policy mana pergi

Posted by here > 2019-03-28 11:00 | Report Abuse

The stock price is too low. We are talking about Affin Bank, Affin Hwang and AXA Affin.

Posted by aklobi > 2019-03-30 13:28 | Report Abuse

Any news about the upcoming divs? When will there be an announcement? Whats expected? Come on guys

Posted by TheContrarian > 2019-03-30 17:21 | Report Abuse

Dividend only just paid out in January. Affin pays out dividend at the most only twice a year.

Posted by firehawk > 2019-04-03 09:15 | Report Abuse

Want to do a bit research on Affin .... using i3 Quarterly results, found that,
before 2014 revenue for every Q were at 700m+ , but from 2014 onward, revenue for every Q were at 400m+ ..... wonder what happened? or i3 provides wrong figures?

Posted by Icon8888 > 2019-04-03 09:18 | Report Abuse

When I was in university, I approached my lecturer and asked him to explain certain things to me. He took out a 5 inch thick book , throw it on the table and said "go read"

Posted by firehawk > 2019-04-03 09:36 | Report Abuse

i'm asking for a favor .... no surprise i receive different response .... there are many type of ppl in our community, not only just one type, i'm just hoping there is a difference .....

Posted by firehawk > 2019-04-03 10:02 | Report Abuse

last month i went to bank .... when came out, it was heavy rain, i wanted to cross the road to get my car but stepped back bcos the rain is too heavy, i tried a few time, finally i standing at the corridor waiting for the rain to become smaller ....

a man with an umbrella walking from the opposite of the road, come near and waved to me .... sharing an umbrella he shielded me to cross the road .... i wonder who he was? looked like one of my primary schoolmate, i asked him whether he was, he said, no, he was waiting for his friend come out from the bank ... just did me a favor .....

never expected that ... but there are some different ppl in our community .....

Posted by Icon8888 > 2019-04-03 10:52 | Report Abuse

It is not about doing a favour. It is about exercising your intellect

I have a lot of respect for intellectuals, so I am pushing for it

Posted by firehawk > 2019-04-03 16:06 | Report Abuse

is not surprise there are many type of ppl .... for sure i'm not hoping can get any help from some of them .....

Posted by aklobi > 2019-04-09 22:59 | Report Abuse

Icon, if you go tell everyone to read then this forum is worthless

Posted by TheContrarian > 2019-04-11 16:24 | Report Abuse

Bought today at 2.19.

Posted by walden88 > 2019-04-14 15:58 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/04/13/fort-ltat-breached/

Posted by Icon8888 > 2019-04-14 16:40 | Report Abuse

I added more

Posted by nckcm > 2019-04-14 16:51 | Report Abuse

Icon left bimb...

Posted by indiawait > 2019-04-18 13:26 | Report Abuse

NTA is high but can the price match it?

Posted by TheContrarian > 2019-04-18 20:43 | Report Abuse

Definitely if a merger or acquisition by a bigger banking group takes place.

Posted by DickyMe > 2019-04-22 10:58 |

Post removed.Why?

Posted by indiawait > 2019-04-24 09:44 | Report Abuse

LTAT can do with a bank of their own. No reason to delist. Merger maybe.

Posted by RedEagle > 2019-04-24 20:55 | Report Abuse

KUALA LUMPUR (April 24): Malaysia Building Society Bhd (MBSB) Bank has launched a deposit campaign with total cash prizes of almost RM2 million in a bid to attract new customers.

The PrimeWin RM1,000,000 CASA-i will run from now until April 30, 2020, and is open to the bank's savings and current account holders.

The campaign carries a grand prize of RM1 million and total cash prizes worth close to RM2 million.

Depositors have an opportunity to win the cash prize through the financial institution's monthly and quarterly draws throughout the campaign period.

"With this campaign, we will be able to reward our current customers as well as draw new customers to experience banking with MBSB Bank," said its group president and chief executive Datuk Seri Ahmad Zaini Othman.

Ahmad Zaini said the bank will be implementing further digitalisation of its operations, which includes introducing mobile application and digital branches to its customers.

It will also introduce its first debit card, the MBSB Bank Visa Debit Card-i.

On the relocation of its headquarters to PJ Sentral, Ahmad Zaini said: "The new building has our employees' best interests in mind. Not only is it a green building, it will have an activity-based workplace concept, a working environment that allows for collaborative workspace, (and) creative engagement resulting in a happy and productive workforce."

"It will also be equipped with a creche, a facility that is not embraced widely by most companies in Malaysia," he added.

At 3.55pm, MBSB's shares rose 0.5 sen or 0.51% to 98.5 sen, valuing the group at RM6.26 billion. Some 1.42 million shares changed hands.

Posted by Icon8888 > 2019-04-24 21:00 | Report Abuse

this fellow has not gone up at all. Good, let me sell my BIMB WA at 50 sen and whack this kau kau

Posted by Fabien Extraordinaire > 2019-04-26 11:34 | Report Abuse

such a coincidence to see icon here too..

Posted by Yeoh Andy > 2019-04-26 21:41 | Report Abuse

This bank got potential or not