Posted by EngineeringProfit > 2023-09-05 10:22 | Report Abuse

Very huat one in the shortest time

Posted by EngineeringProfit > 2023-09-05 10:28 | Report Abuse

Lai........lai...............lai

Big or small

Posted by Sailangking > 2023-09-05 10:29 | Report Abuse

waseh, lai liao ...

Posted by EngineeringProfit > 2023-09-05 10:30 | Report Abuse

Finally - after sleeping for so loooooooooooooooooong

This time sure very power kaw kaw

Posted by Sailangking > 2023-09-05 10:31 | Report Abuse

r u sure...?hahaha

Posted by EngineeringProfit > 2023-09-05 10:33 | Report Abuse

Horsey......RUNNNNN

5...1....8.....5...........................................................5....1....8....5..!!!!!!

Bursa king today

Posted by EngineeringProfit > 2023-09-05 10:33 | Report Abuse

All ady- u say sure or not

Posted by seekingsuan > 2023-09-05 10:37 | Report Abuse

老细，吃了偉哥一早就起

Posted by acewin > 2023-09-05 10:38 | Report Abuse

is it news on the bond debt from country garden?

Posted by aklobi > 2023-09-05 10:38 | Report Abuse

Affin never disappoints!

Posted by EngineeringProfit > 2023-09-05 10:41 | Report Abuse

T.P. 2.80 kah?

Posted by Sailangking > 2023-09-05 10:42 | Report Abuse

T.P 4.0

Posted by EngineeringProfit > 2023-09-05 10:43 | Report Abuse

That's Affin NTA lah

Posted by sailstruth > 2023-09-05 11:55 | Report Abuse

I read a few times that Affin banking app is going to launch on September, it may be the driven force. Keep observing the timeline.

Posted by sailstruth > 2023-09-05 12:14 | Report Abuse

https://www.nst.com.my/business/2023/09/950918/sarawak-conference-platform-affin-explore-opportunities-bolster-ties

Posted by joeblack_lfc > 2023-09-05 15:04 | Report Abuse

Whats happening... Or just temporary surge?

Posted by EngineeringProfit > 2023-09-05 15:17 | Report Abuse

Not temporary. If temporary, why I am all in?

Posted by EngineeringProfit > 2023-09-05 15:19 | Report Abuse

(Let the profit$$$$$ run lah)

Posted by TheContrarian > 2023-09-05 15:58 | Report Abuse

Go, go, go Affin.

Posted by thegoldfinger > 2023-09-05 17:34 | Report Abuse

take over? related to bousted, recently boustead related company so many general offer announcement

Posted by theavenger > 2023-09-05 21:33 | Report Abuse

privatisation 3.00

Posted by TheContrarian > 2023-09-05 22:15 | Report Abuse

Bank cannot be privatized.

Posted by rohank71 > 2023-09-06 02:47 | Report Abuse

Why banks can't be privatised? Many govt banks still remain private...take over by a govt agency still becomes govt bank.

Posted by auditorandconsultant > 2023-09-06 04:13 | Report Abuse

Affin is also owned by Sarawak government.

Sure sure will get benefits

Posted by auditorandconsultant > 2023-09-06 04:35 | Report Abuse

据一些消息，安华会大大照顾以下的州

1) Johor - 已经承诺一些事情,比如经济特区

2) Penang - 已经承诺一些事情比如轻快铁，希盟的最大党，火箭的堡垒区，也是团结政府的造王者，更是华哥和Mat Sabu的家乡。-> CLMT's main quality assets in Penang

3) Sarawak - 团结政府的造王者，必须关照 - > one of AFFIN's shareholders

这个应该会是下个月财务预算案受益很多的

那些绿洲好像没有在排行榜上。

这些州related 的公司股票应该会有机会飞翔。

Posted by redhotpepper > 2023-09-06 06:09 | Report Abuse

Wow, ytd a lot of winner. Congrats, @aklobi and @contrarian, you guys also in the profit wagon? Affin never disappoints.

Posted by TheContrarian > 2023-09-06 06:52 | Report Abuse

@redhotpepper, Affin was so undervalued it was just a matter of time before it surged. Probably some foreign funds decided to buy. Price will stay up only if LTAT or Boustead or EPF don't sell down as they always do.

Posted by aklobi > 2023-09-06 10:28 | Report Abuse

Thnx @redhotpepper

Posted by beluga > 2023-09-06 17:05 | Report Abuse

In 2007, the state pension fund EPF made a mandatory general offer to all remaining RHB shares after it bought UBG's stake in RHB. That MGO made EPF hold 82%. Then subsequent year , EPF sold 25% to Abu Dhabi, reduced its stake from 82% to 57% . The rest is history. Bank can be "privatised" under FSA , only need approval from MoF via BNM. If Anwar say ok, then it's ok.

Posted by EngineeringProfit > 2023-09-06 18:16 | Report Abuse

Nice (his)story, nice show!!!!!

(Clap .....clap......clap)

It's wayang kulit?
It's kuda kepang?
It's Affin show!

Posted by auditorandconsultant > 2023-09-06 18:21 | Report Abuse

价值投资利益最大化的两个方法：

（1）重仓投资在拾荒股票才是股市赚钱的王道 (PARKSON and CLMT)；

（2） 重仓投资在人家看不起眼的二等金融股 (AFFIN)

永远秉持人弃我取那些蒙尘珍珠，还有记得别在股市追求时尚，追求名牌，因为名牌意味着高价格，贵东西！

接下来我会义无反顾的重仓CLMT和PARKSON，将我的投资盈利最大化。

种种原因，我已经在很久前透露在KLSE i3 和 KLSE SCREENER

当然这个才开不久的部落格也是说明很多了！

永远要记得投资股票就是投资未来的价值，投资前景，投资可达到的梦想！

市场很多课程老意味的纠结过去种种的商业亏损，但是没有注重高管理层有没有励精图治，还有一个盲点就是企业失落的因素是属于可控制 (Controllable Factor) 还是不可控制的 (Non Controllable Factor)

最近有点忙，但是我会抽点时间继续帮助大众在拾荒股票路线解密。

真金不怕红炉火！这两个是我早期部署然后重仓的股票，符合上面两大条件，多多益善！

https://devotee-of-john-templeton.blogspot.com/2023/09/1-parkson-and-clmt-2-affin.html

Posted by EngineeringProfit > 2023-09-06 18:24 | Report Abuse

Fantastic huat huat show!!!!!

(Clap .....clap......clap)

It's wayang kulit?
It's kuda kepang?
It's Affin show!

Posted by TheContrarian > 2023-09-07 20:52 | Report Abuse

Today everyone disappeared?

Posted by EngineeringProfit > 2023-09-07 20:56 | Report Abuse

Let contrarians take profit$ first lah

Posted by TheContrarian > 2023-09-07 22:17 | Report Abuse

Already took some profits at 2.13 on Tuesday.

Posted by TheContrarian > 2023-09-08 10:06 | Report Abuse

Why is Affin dropping? Someone said privatisation.

Posted by beluga > 2023-09-08 10:10 | Report Abuse

I think LTAT/Boustead will have to sell Affin. They need more funds to settle their debt. Recent 33% divestment BPlant transaction is not enough. I confidently still increase my holding and bet more. Any price drop is good investment opportunity.

Posted by TheContrarian > 2023-09-08 10:18 | Report Abuse

Suddenly price drop is good, hahaha.

Posted by beluga > 2023-09-08 10:44 | Report Abuse

yes if drop more, i buy more. been accumulating. i was shareholder of Boustead (BHB). They bought us out at 0.855 per share when the net asset value of BHB for Y2022 was at 1.66 . Within few months, they sold BPlant at RM1.55 , more than double what they "advise" us the value for BPlant (at 0.72) was when they try to privatised BHB (I read the IAC ).

Posted by TheContrarian > 2023-09-08 18:52 | Report Abuse

EPF selling Affin again, damn, hard for price to go up if EPF keeps selling.

Posted by speakup > 2023-09-10 21:29 | Report Abuse

Mediocre Banking Sector Results: NIM And NOII Centre Of Discussion
By
Editor -
September 10, 2023

The banking sector saw a mediocre season with earnings entirely within expectations, this is despite some surprises in tailwinds and headwinds. NIM compression this time was a lot heavier than previously guided for (recall that banks were guiding for “stable-to-minor” compression in 1Q23). NOII improvement was expected, being guided for as a core earnings driver (which came true, but it was unevenly distributed).

MIDF analysts give their guidance for the sector and it’s more skewed towards the negative, largely due to the slower-than-expected NIM recovery and potential asset quality irritation. Nearly all banks revised their NIM guidance downward.

However, on a more positive note, future quarters may see possible positive revisions to NCC guidance (they were initially too conservative). Earnings: Relatively stable, NIM and NOII are central focus. Aggregate Core Net Profit (Core NP) up by +0.6%qoq. It was a good quarter for topline – despite NIM compression, NII largely remained stable to slightly negative while NOII did mostly see solid improvement, mostly on the side of treasury income (though in some cases disappointed).

Provisioning did pick up from last quarter’s softer activity, with a few banks amping up on credit costs for a poorer macroeconomic outlook and asset quality irritation. There was a minor issue of slightly elevated tax rates in the quarter, due to higher provisioning and investment-related gains that are less tax deductible.

As for the balance sheet, growth was poor but expected to pick up. Weaker corporate loan growth offered downside pressure. Retail contributions – particularly solid mortgage and hire purchase growth – were bolstered by strong unsecured loan offerings. Unfortunately, this was not enough to offset weaker growth coming from the non-retail side – though the industry has guided for a much healthier post-election pipeline in 2H, maintaining their far-from-target loan growth forecasts. Deposit growth was more mixed, but liquidity remains ample.

CASA attrition on the other hand took a light breather as pricier FDs matured without renewal but should resume in subsequent quarters. Different banks took different approaches to managing NIM optimisation, hence reporting varying quarterly deposit growth figures.

Increasing impairment pressure within certain brackets, but heavy write-offs keep GILs manageable. Asset
quality pressure mainly came from the residential mortgages and SMEs linked to RA loans, though there was some
irritation already coming from riskier overseas and unsecured segments. Few banks have guided that GIL ratio is close to
peaking (or has already peaked). While LLC values have come down, some banks are looking at chunkier recoveries in the
coming quarters to keep this manageable while refraining from making larger allocations.

Among the banks, Maybank saw an unexpected, massive non-fee income gain within the quarter, CIMB displayed
exceptional performances in almost all aspects, especially loan growth. But Affin saw an abnormally sharp sequential drop in NIMs, which dragged earnings. RHB brought in decent quarterly earnings, but this was largely driven by overlay writebacks – while everything else was lacklustre.

From a pure valuation perspective, BIMB remains the most attractive while Affin is the least. Moving forward, the house is neutral for 2H outlook and doubts that ROE outlook is going to be that much better than 1H. Loan growth outlook is positive – banks are very optimistic about 2H’s non-retail pipeline. NIM outlook is more neutral – i.e. most banks are guiding stable to positive movement, though MIDF is cautious of year-end deposit competition.

On the other hand, more banks are opting for full-cash dividends. BNM doesn’t seem likely to exercise any additional leniency in capital ratio levels soon. Regardless, several banks have already guided for higher dividend payouts and halting DRP programmes – signalling that they are happy with current CET1 levels.

Posted by TheContrarian > 2023-09-11 17:17 | Report Abuse

Forum here gone quiet again.

Posted by redhotpepper > 2023-09-11 20:10 | Report Abuse

Profit earned dy, definitely quiet. Anymore surprise?

Posted by TheContrarian > 2023-09-12 16:16 | Report Abuse

Today still quiet here.

Posted by beluga > 2023-09-13 09:42 | Report Abuse

“Quiet" or “noise" is irrelevant to me. I have said before that I believe sarawak will buy more of affin. "Holding a 4.9% stake is meaningless”. https://theedgemalaysia.com/node/663570

Over the years, I invested in Affin and Boustead (privatised now). But I have increased my interest significantly in affin recently after reading all the news reports, circulars on Boustead etc. All the variables just strengthen my conviction that Boustead will have no choice but to sell affin to settle their huge debt.

Beside that, affin is trading at a huge discount to its net assets, widest among its banking peers. 60% discount! Even if my thesis is wrong, I think the margin of safety is there.

Posted by jacksonkhs888 > 2023-09-13 15:07 | Report Abuse

I wouldn't even touch this stock. Bought this because it was a darling back then now... I rather AMMB than this.

Posted by jacksonkhs888 > 2023-09-13 15:09 | Report Abuse

Plus that EPF... zzz. Keep selling like that sure shock all investors away.

Posted by TheContrarian > 2023-09-14 08:40 | Report Abuse

Posted by TheContrarian > 2022-11-29 12:45 | Report Abuse

Sold my remaining Affin at 2.50, thank you for the gains.

Posted by TheContrarian > 2023-09-14 08:41 | Report Abuse

The last peak at around RM2.50 was on 29-11-2022.

Posted by EngineeringProfit > 2023-09-14 09:19 | Report Abuse

Yup. I sold all then and got back this year