Posted by hng33 > 2022-09-02 10:37 | Report Abuse

Once, BNM approve, Director can get more grant share, allow them to entitle special dividend

Posted by ZenSen > 2022-09-02 10:54 | Report Abuse

Target when is the announcement for special dividend?

Posted by hng33 > 2022-09-02 11:43 | Report Abuse

Very soon, the payment date must before end of Dec 2022.. It left only 3 month for announcemnt

1. Annocement date special dividend: Sept/Oct
2. Ex-date for dividend: Nov
3. payment date: Dec

Posted by bullmarket1628 > 2022-09-03 08:12 | Report Abuse

After 3 years pandemic already end, 
next year onwards surely is the years of recovery and economy start booming time ! 

Like previously economy downturn period of:

1)Crisis 1986-1990 start booming 1993 to 1997

2)Crisis 1997-2000 start booming 2003 to 2006 

3)Crisis 2006-2010 start booming 2013 to 2016 

4)Crisis 2016-2022 start booming 2023 to 2027 



So, our economy and KLSE will be spike up like mad start from year 2023 which is next year and i predict our KLSE this round of bull run start 2023 will hit it’s record high of around 2,000 points ! 



Heng Ah, Ong Ah, Huat Ah !

Posted by stockraider > 2022-09-03 10:44 | Report Abuse

PETALING JAYA: Affin Bank Bhd (pic) is on track to achieve its financial year 2022 (FY22) targets, underpinned by the sale of the company’s stakes in its business units.

The disposals would help to fuel its key banking division’s endeavours despite headwinds.

The bank planned to sell its stake in Affin Hwang Asset Management Bhd (AHAM), which is expected to be completed by the end of the month. This would also raise the bank’s common equity Tier-1 (CET1) capital ratio.


It received the green light from its shareholders in May to proceed with the sale of its 63% stake in AHAM held by Affin Hwang Investment Bank Bhd to Starlight Asset Sdn Bhd. The sale would unlock RM1.54bil in cash, which would boost its organic growth in the banking division.

The bank has also obtained the approval from the Finance Ministry on the same month to dispose of 21% of its equity interest in AXA Affin Life Insurance Bhd (AALI) and 2.95% stake in AXA Affin General Insurance Bhd (AAGI) to Generali Asia N.V.

Currently, Affin owns 51% in AALI and 49.95% in AAGI. Affin has agreed for the general insurance business of AAGI and MPI Generali Insurans Bhd (MPIG) to be merged under AAGI, whereby AAGI would acquire certain assets and liabilities of MPIG via a business transfer to create an enlarged company, subject to the approval of Bank Negara.

A new local company (newco) would be incorporated to hold all of the shares in AALI and AAGI. Affin would, in turn, be holding 30% equity interest in the newco, with Generali holding the remaining 70% equity interest in the newco.



Kenanga Research said the company would ensure that the working capital targets were sufficiently fulfilled before it considered the quantum of special dividends that might be paid.

Of the RM1.54bil proceeds, the research house said it estimates a payout of 25% to shareholders, which could translate to about 18 sen in special dividends or 9% yield while still keeping CET1 level at around 15.8%.

The sale of stakes in AALI and AAGI to the joint venture (JV) with Generali (estimated to be completed end of next month) would provide additional RM155mil cash while still being earnings accretive as an associate.

That said, the operational integration of this JV is expected to only materialise by the first quarter of next year.

Post-merger, the combined gross written premium is expected to stand at about RM2bil, behind market leader Allianz’s RM2.35bil book.

There could be a two-pronged growth enjoyed with Generali’s non-cannibalistic product offerings on top of operational synergies from the merged entity, uplifting the segment’s overall contribution to beat its historical 5% of group earnings, going forward.

The group remained confident that its 12% loans growth (the highest in the industry) target for FY22 is attainable.

Kenanga, which maintained its “outperform” stance, said risks to its call included higher-than-expected margin squeeze, lower-than-expected loans growth, worse-than-expected deterioration in asset quality, slowdown in capital market activities, unfavourable currency fluctuations and changes to the overnight policy rate.

Posted by valueiseverything > 2022-09-04 13:34 | Report Abuse

Most of MY banking stocks are really doing well lolz...unlike US which mostly are very unstable and falling harder when economy is badly shaped.

Posted by redhotpepper > 2022-09-15 15:01 | Report Abuse

Yeah doing very well now, by the way, discount now, don't forget to buy more.

Posted by Nepo > 2022-09-19 13:56 | Report Abuse

I believe now is the bottom RM 2.08
Can buy and collect this crown jewel

Posted by hng33 > 2022-09-20 09:41 | Report Abuse

Banking is best stock selection in time of rising interest rate. Affin pending special dividend is major catayst to propell stock move above resistance level at RM 2.30

Posted by sg999 > 2022-09-21 21:15 | Report Abuse

How much is the special dividen? 0.2?

Posted by ZenSen > 2022-09-22 10:14 | Report Abuse

top up again at RM2.08

Posted by stockraider > 2022-09-22 11:45 | Report Abuse

Good for the banks in msia....another 0.25% interest hike for msia loh!

Posted by thesteward > 2022-09-22 18:38 | Report Abuse

Really mad lo 2.07 nia and nta is rm4.75 . Should at least at rm3 la really siao

Posted by thesteward > 2022-09-22 18:38 | Report Abuse

So undervalue kawlat

Posted by hng33 > 2022-09-23 15:00 | Report Abuse

Affin bank director is too greedy asking share grant. The additional share grant now is now pending BNM approval.

Director wanna to get these share grant before declare special dividens foe them to entitle more

Posted by ZenSen > 2022-09-23 16:31 | Report Abuse

propose only RM0.11 dividend

Posted by thesteward > 2022-09-23 20:39 | Report Abuse

Maybe divided into 2 tranches ? Possible ?

Posted by thesteward > 2022-09-23 20:39 | Report Abuse

Scgm also 2 times payment right ?

Posted by warrantKing > 2022-09-24 13:26 | Report Abuse

what rubbish is the Share Grant Scheme ? The director get FREE share instead of buying like ESOS ?

Posted by sg999 > 2022-09-24 23:10 | Report Abuse

From 0.2+ to 0.11 special dividen..later 0.05 only, lol

Posted by yaphoikiong > 2022-09-25 23:15 | Report Abuse

Affin only can buy if below rm2 as my experienced

Posted by firehawk > 2022-09-26 09:57 | Report Abuse

KLSE very strong .... no panic selling yet

Posted by Markv572421 > 2022-09-28 14:54 | Report Abuse

bye2 affin

Posted by Nepo > 2022-09-29 11:42 | Report Abuse

i shall die die waiting at RM 1.9X..

Posted by aklobi > 2022-09-29 13:26 | Report Abuse

Seems there are lots of vultures awaiting to buy a dying Affin. To no avail.

Posted by chiakp > 2022-09-29 20:50 | Report Abuse

Any reason why Affin price keeps dropping?

Posted by Nepo > 2022-09-30 11:25 | Report Abuse

no reason keep dropping, just people panicking.
I top up @ RM 1.99

Posted by Nepo > 2022-09-30 11:30 | Report Abuse

Follow me i will show take you to paradise

Posted by Nepo > 2022-09-30 11:38 | Report Abuse

I m proud to be one of the shareholders of Affin Bank
Let us ride through this perfect inflation storm which was created by hhuman being..

Posted by Nepo > 2022-09-30 11:52 | Report Abuse

Buy in don't miss this golden opportunity @ RM 1.99, trust me once..

Posted by Nepo > 2022-09-30 12:41 | Report Abuse

Do you know what is the meaning by poor N generation dead circulation..?

Posted by Markv572421 > 2022-09-30 17:16 | Report Abuse

Affin poor bank ....hard to fly ..other banks share price 3.00 and above ..this affin like peanutss

Posted by TheContrarian > 2022-09-30 18:02 | Report Abuse

Price dropping because EPF selling everyday.

Posted by Nepo > 2022-09-30 19:54 | Report Abuse

Affin Bank Bhd is optimistic about its growth prospects for the second half of 2022 with its upgraded digital strategy that provides enhanced support to customers' needs on a 24/7 basis. President and group chief executive officer Datuk Wan Razly Abdullah said the bank has invested over RM300 million this year to upgrade its information technology systems and high technologies, putting the bank at the forefront in terms of digitalisation, while supporting customers and capturing business in the market amidst global crisis. (TheStar)

Posted by Nepo > 2022-10-01 16:58 | Report Abuse

https://www.theedgemarkets.com/article/knocking-affin-bank-shape

Posted by Nepo > 2022-10-01 17:20 | Report Abuse

Wan Razly and his team persevered with the plans under AIM22. These efforts are finally showing the desired results. Last year, the group’s profit before tax rose 82% year-on-year (y-o-y) to RM703.85 million, even as net profit grew 128.8% y-o-y to RM526.93 million — its highest in five years.

The bank is now embarking on the second phase of its transformation plan. It has laid out equally ambitious growth targets for the next three years (FY2023 to FY2025) under a new plan known as A25.

Posted by Eric Fong > 2022-10-03 00:06 | Report Abuse

Good prospect for Affin Bank

Posted by TheContrarian > 2022-10-03 19:18 | Report Abuse

Bought 40,000 Affin today. Wish me luck.

Posted by ZenSen > 2022-10-03 21:38 | Report Abuse

myself bought 20,000 Affin shares at RM2.00

Posted by TheContrarian > 2022-10-03 22:41 | Report Abuse

Great, EPF sells, we buy. Weak hands flow to strong hands.

Posted by aklobi > 2022-10-04 02:52 | Report Abuse

Investors! Keep Affin for the long haul. In my opinion It's not for sale below 3.

Posted by TheContrarian > 2022-10-04 22:38 | Report Abuse

For the two months of August and September 2022, EPF has sold over 2.5 million Affin shares.

Posted by aklobi > 2022-10-05 13:11 | Report Abuse

TheContrarian: 2.5 million shares have been sold and the price is still holding up means alot. EPF is a distress seller and buyers are bargain hunters. Once the distress seller stops selling, guess where the price would go?

Posted by Markv572421 > 2022-10-05 15:30 | Report Abuse

This Affin currently is the lowest share price compare to other bank.

Posted by Nepo > 2022-10-05 22:50 | Report Abuse

https://www.theedgemarkets.com/article/loan-growth-improved-august-says-cgscimb

Posted by redhotpepper > 2022-10-11 13:56 | Report Abuse

Affin quite affordable right now, go get some if you have not have one.

Posted by Yu_and_Mee > 2022-10-11 14:40 | Report Abuse

Affin only 2.00. Why bank sector drop? Interest increase not good for banking sector?

Posted by Nepo > 2022-10-12 09:54 | Report Abuse

interest rate increase borrowing cost also increase, plus recession coming..these are people worried
but every investment comes with risk. people say risk and opportunities come hand in hand.
the question is you dare buy in Affin or not despite of its headwind.

Take the plunge, be brave to do it, buy in Affin below RM 2.

You won't regret when you are in old age

Posted by yaphoikiong > 2022-10-18 19:50 | Report Abuse

特别股息0.18～普通股息0.045

Posted by TheContrarian > 2022-10-18 20:22 | Report Abuse

Special and interim dividends of 22.5 sen.