Posted by beluga > 2023-10-27 16:49 | Report Abuse

Smokescreen..

Posted by TheContrarian > 2023-10-27 16:51 | Report Abuse

Bought Affin at 2.00.

Posted by beluga > 2023-10-27 17:52 | Report Abuse

to meet its debt obligations and also to meet its mandated strategic asset allocation framework. Datuk Nazim and Tok Mat have been mentioning very often since the official launch of Manpan25 in july until recently in Dewan Rakyat.

Posted by aklobi > 2023-10-30 12:52 | Report Abuse

Any reason why it's falling down?

Posted by beluga > 2023-10-31 15:29 | Report Abuse

in order to become a sustainable provident fund, LTAT said they are restructuring and will diversify, rebalance portfolio, de-concentration, recover cost of investment in boustead, value creation, unlock the value etc. hence to meet all that, i believe they have to divest affin.

Posted by aklobi > 2023-10-31 19:15 | Report Abuse

Beluga, if that is really the case then it's good to prepare to buy more Affin in the near future. Unfortunately, I have lack of info and interaction amongst investors in Malaysia's stock market unlike other markets such as UAE.

I am really now thinking of liquidating my position and moving to a market where there is more interaction, especially between investors.

Posted by beluga > 2023-11-02 16:35 | Report Abuse

best do your own due diligence. study carefully the annual reports (LTAT, BHB & affin). you will find a lot of info there. that's what warren buffett's advice and strategy isn't it? :)

Posted by aklobi > 2023-11-03 12:26 | Report Abuse

@beluga, agreed that due diligence is important, but also absorbing market mentality which helps build a picture of direction is no less important to decision making. The past two weeks for example I was able through understanding UAE market mentality and emotions regarding the geopolitical situation in the middle east (Gaza) to collect excellent shares such as ENBD, DIB, NBAD, CBD and RAKBANK at very low prices. The market has now rebounded upwards. In Malaysia, I couldn't understand market direction and feel disconnected.

Posted by TheContrarian > 2023-11-15 19:38 | Report Abuse

Is Sarawak buying or selling or doing nothing?

Posted by BobAxelrod6868 > 2023-11-16 13:01 | Report Abuse

Nothing to see here....walk on by......

Posted by beluga > 2023-11-16 16:45 | Report Abuse

what puzzled me is that the price still doesn't reflect that divestment is imminent despite all the OBVIOUS signs. is ok that they delay... i just have more opportunity to buy more.

Posted by rohank71 > 2023-11-16 17:47 | Report Abuse

Need BNM approval. See how long MBSB and MIDF to get approval..its is a long haul before any announcement.

Posted by beluga > 2023-11-16 18:20 | Report Abuse

I also think both sides just waiting for approval from BNM. Based on what the Sarawak Premier said to the news, maybe by end of the year. “I am making the effort to get the licence for Sarawak to have its own commercial bank by the end of this year,” https://themalaysianreserve.com/2023/05/18/sarawak-commercial-bank-welcomed-but-must-cater-to-state-smes-needs/

Posted by beluga > 2023-11-16 18:26 | Report Abuse

or maybe they structure it slightly complicated involving few parties acting in concert (eg. EPF/PNB/Khazanah/or the newly minted Sarawak Sovereign Future Wealth Fund?)
The Sarawak Sovereign Wealth Future Fund will start its operation on 1st Jan 2024 with an initial appropriation of 8 BILLION. It's too obvious la.

Posted by beluga > 2023-11-17 11:28 | Report Abuse

The Chairman of LTAT's INVESTMENT PANEL and CEO is in Sarawak now. Isn't it obvious?

https://www.ltat.gov.my/wp-content/uploads/2023/11/Jelajah-Sarawak-PR-English-vF.pdf
"Bumi Kenyalang has become the PERFECT location for this year’s program to strengthen the relationship with key stakeholders...".

Indeed. I believe Bumi Kenyalang is going to be the saviour of LTAT solvency.

Posted by TheContrarian > 2023-11-17 16:17 | Report Abuse

Affin share price dropping due to poorer QR.

Posted by ultranippon18 > 2023-11-20 13:12 | Report Abuse

affin no declare dividend this year end ?

Posted by LubeTrader > 2023-11-21 16:17 | Report Abuse

Market grumbles at the poor results relative to preceding year. Ask yourself how often does one company sell its assets and make a bumper profit. Not everyday or year actually. Now earnings have normalised. That's it. This unhappiness will cause share price to fall into oversold position, probably already have. The wise investors will take this opportunity to snag a few lots.

Posted by LubeTrader > 2023-11-21 16:20 | Report Abuse

One more thing I missed saying. Small banks are targets of merger & acquisition.

Posted by aklobi > 2023-11-22 00:15 | Report Abuse

Was hoping for better results so I can start selling. I guess I will have to wait.

Posted by jacksonkhs888 > 2023-11-24 10:00 | Report Abuse

Not a surprise seeing it touch the levels of 2.1 then buh bye. Those buying the hype might have to wait a long while

Posted by LubeTrader > 2023-11-25 11:36 | Report Abuse

It's not a hype. It's a target, a foresight. Short-term traders will be small-term traders. Making small, quick gains here and there. What actually perplexed me was Boustead Holdings Bhd acquired 200k on 22 Nov. What are they up to?

Posted by aklobi > 2023-12-06 03:14 | Report Abuse

Any expected div? It's important to have div consistancy.

Posted by Yippy68 > 2023-12-13 05:08 | Report Abuse

@Contrarian, good to see you here.. Remember you told me not fall in love with Bplant but I did, The ending is very sweet and i made big enough for my retire life. now i place my concentration on another LTAT stock , AFFIN .soon affin will be the next Bplant. i guess.

Posted by Yippy68 > 2023-12-13 05:14 | Report Abuse

I sold Bplant at 1,50 worry that LTAT may not be able to get enough loan to buy back but i was wrong, end up earning lesser by a small fraction.

Posted by M55555 > 2023-12-15 10:58 | Report Abuse

Ini Kenanga, MBSB dia kasi low target , Affin pun kasi low target.. but actual outcome wrong direction. Bagi susah saya beratur low price hari hari

Posted by beluga > 2023-12-15 11:52 | Report Abuse

Sarawak Sovereign Wealth Future Fund will start its operation on 1st Jan 2024 with RM8 billion. I believe they will buy this financial institution with the 8 billion. You just wait. 2 more weeks till 2024.

Posted by speakup > 2023-12-15 12:46 | Report Abuse

And cmsb

Posted by aklobi > 2023-12-23 00:07 | Report Abuse

Affin goes up and down and no one talks about it.. We small investors have now resigned to the fate small investors don't matter lol. Hoping big shareholders do a good job.

Posted by rohank71 > 2023-12-23 06:07 | Report Abuse

Sudah mati la. No dividend also. Must have a good reason for not paying any dividend.

Posted by aklobi > 2023-12-29 21:33 | Report Abuse

Happy New Year All.

Posted by stockraider > 2024-01-01 12:19 | Report Abuse

Now the takeover of Bplant almost completed loh!

Your next play for takeover will be affin with takeover price of Rm 3.20 to Rm 4.30 loh!

Do not missed this opportunity mah!

Posted by stockraider > 2024-01-01 12:20 | Report Abuse

This is a potential gain of 50% to 100% loh!

Posted by TheContrarian > 2024-01-03 16:45 | Report Abuse

@Yippy68, glad to hear that you made it big finally with Bplant. You were in the top ten shareholders list. Welcome to invest in Affin.

Posted by Yippy68 > 2024-01-03 19:38 | Report Abuse

Tqvm @Contrarian. lucky I hold the Bplant share till the end, Today Affin is doing very well , very good sign.

Posted by TheContrarian > 2024-01-03 19:40 | Report Abuse

Affin is much undervalued, only weak major shareholders.

Posted by Yippy68 > 2024-01-04 05:29 | Report Abuse

I only started to accumulate Affin after I noticed you bought in at 2.00. it was indeed a very good buy. I also bought big in MBSB, soon listed as bank and i strongly believe no bank in Bursa will stay at 71 cents after the listing.

Posted by Yippy68 > 2024-01-04 07:10 | Report Abuse

may i have your opinion @Contrarian. Tq.

Posted by TheContrarian > 2024-01-04 09:05 | Report Abuse

Actually I have been accumulating below RM2. Have sold many times when prices run up and bought back when prices dropped. My average cost is currently below RM1.90. Affin is way undervalued with net assets of around RM4.60. The problem lies with the weak major shareholders who have been selling down from time to time. Even Boustead sold down cheaply and only last month they started to buy back. In the past LTAT and EPF have sold down cheaply. It's time like this that I would buy. The only way to unlock the true value of Affin is through a merger and takeover like in Bplant's case.

Posted by TheContrarian > 2024-01-04 09:39 | Report Abuse

Affin has an official dividend payout policy of at least 40% of its profits, so a dividend will definitely be declared.

Posted by TheContrarian > 2024-01-04 20:50 | Report Abuse

Last dividend paid out 7.77% on 11 July 2023, next dividend to be declared maybe this month.

Posted by TheContrarian > 2024-01-05 20:01 | Report Abuse

I received my dividends in the form of shares at discounted issued price of RM1.73.

Posted by satt1984 > 2024-01-08 09:27 | Report Abuse

congratulations new high !!!! sarawak gov really geng

Posted by TheContrarian > 2024-01-08 09:27 | Report Abuse

Go, go, go Affin.

Posted by TheContrarian > 2024-01-08 09:35 | Report Abuse

Took some profit at 2.36.

Posted by TheContrarian > 2024-01-08 10:15 | Report Abuse

So quiet here.

Posted by TheContrarian > 2024-01-08 11:01 | Report Abuse

Everyone sold off already?

Posted by Bursino > 2024-01-08 11:10 | Report Abuse

At 2.30+ is relatively cheap to sell a detoxed Affin trading at 0.5x BV.

Posted by EngineeringProfit > 2024-01-08 11:47 | Report Abuse

Still holding

Posted by boonsin99 > 2024-01-08 11:53 | Report Abuse

why sudden spike 10 percent today? any news? EPF start buying?