@aklobi, my average cost is RM1.71, I made a gain of around 40%. Still have a small portion left. Price is struggling to break past 2.25. EPF isn't bidding to buy above this price level.
@TheContrarian, That's where I disagree with you.. Affin has bigger potential after the dividend, don't you agree? I think everyone is looking past the dividend.
Affin Bank Bhd will increase its information technology (IT) capital expenditure (Capex) to about RM400 million next year from RM300 million this year as it continues to push towards digitalisation while aiming to attract more customers on board.
"We will be launching our mobile application soon, bringing the best breed in the system in line with our growth plans,” he told reporters in a briefing after the bank’s extraordinary general meeting (EGM) here today.
Wan Razly said the bank’s EGM saw its shareholders unanimously voted to approve the proposed special dividend amounting to RM400.21 million or 18.09 sen per share, the highest ever by the bank.
"This is why we are embarking on many things such as introducing the new mobile app and a new online platform on our website with value-added services to attract more customers because the better CASA we have, the better margins we make and the stronger we will be,” he said.
He said Affin Bank would also look for strategies to increase its fee income business, forex business, wealth and insurance business moving forward.
"We are very targeted and selective in how we approach our customers. We will remain agile and adjust ourselves to various headwinds as we are long-term positive on Malaysia and its capabilities of growing the overall business in this country
Affin Islamic Bank Bhd is eyeing a mutually beneficial relationship with small and medium enterprises — with Affin Islamic Bank being hungry to grow its loans while many SMEs are still facing challenges to obtain funding in a tough economic environment. Earlier, Affin Bank Bhd’s shareholders unanimously voted to approve the single-tier special dividend payout of 18.09 sen per share, amounting to RM400.21 million, following the divestment of a 63% stake the group owned in Affin Hwang Asset Management Bhd, which was completed on July 29. Affin Bank president and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said currently, Affin Islamic Bank contributes 44.5% to the group's contribution, adding that it is poised for stronger growth in the future.
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....
yaphoikiong
166 posts
Posted by yaphoikiong > 2022-10-18 21:00 | Report Abuse
Tomorrow will fly to 2.50