Posted by sell > 2024-02-27 15:58 | Report Abuse

LTAT CFO become interim CEO is it good?

Posted by LubeTrader > 2024-02-28 08:40 | Report Abuse

I'd be surprised if they propose any dividend at all much less a special one. Of course I'd be happy if they do as their policy dictates. We shall see in due time.

Posted by TheContrarian > 2024-02-29 14:12 | Report Abuse

Affin QR out, declares final dividend.

Posted by rohank71 > 2024-02-29 15:43 | Report Abuse

bad results.. price doesn't drop. wonder why or should I say, price now a factor of Swak deal and not earnings.

Posted by LubeTrader > 2024-03-01 12:58 | Report Abuse

Not conspiring to mislead, the Sarawak factor has overshadowed the financial results.

Posted by rohank71 > 2024-03-01 14:28 | Report Abuse

true #Lube... looks like results not important.

Posted by TheContrarian > 2024-03-01 19:04 | Report Abuse

Defense Minister is asking for a higher price from Sarawak of RM2.60 per share or else there's no approval. Those LTAT people who negotiated a price of RM2.40 have since resigned.

Posted by rohank71 > 2024-03-02 19:47 | Report Abuse

sorry had to delete as its not meant for this forum

Posted by rohank71 > 2024-03-04 17:02 | Report Abuse

Affin goes higher and higher

Posted by aklobi > 2024-03-04 17:07 | Report Abuse

So much hype around Affin I can't recognise it anymore

Posted by TheContrarian > 2024-03-05 10:21 | Report Abuse

Thought Sarawak purchase of Affin from LTAT already a done deal pending formality. Already March still no announcement?

Posted by TheContrarian > 2024-03-05 12:13 | Report Abuse

Latest news is that Quek's Bank of East Asia wants to sell Affin.

Posted by beluga > 2024-03-06 16:06 | Report Abuse

https://www.thestar.com.my/news/nation/2024/03/06/auditor-general039s-report-negative-balance-reported-in-ltat-reserves

LTAT need money.

Either the government bailout LTAT with taxpayer money AGAIN or LTAT find a commercial solution on its own .

Posted by Bursino > 2024-03-07 23:31 | Report Abuse

Deal scuppered? Looks like what was certain is now uncertain!

Posted by Bursino > 2024-03-07 23:56 | Report Abuse

Will the Defence Minister pull the plug?

Posted by rohank71 > 2024-03-08 00:20 | Report Abuse

https://theedgemalaysia.com/node/703875

defence minister say deal on and LTAT want to tumpang the benefits of Swak take over.

Posted by TheContrarian > 2024-03-08 00:23 | Report Abuse

Learn from what's happening to Ambank now. Affin's market price will align to the price LTAT will sell to Sarawak. Based on leaked documents the price was agreed as 2.40 back in December but new Defence Minister isn't happy with such low price. Possibly now is either Sarawak pays 2.60 or the deal is not going to be approved.

Posted by rohank71 > 2024-03-08 00:23 | Report Abuse

article clearly says LTAT will be 2nd largest shareholder, so it's confirmed Swak will be No.1.

If LTAT remains No.2 shareholder to ride the upside, it means price will fly much higher before they make more money.

Posted by prince4 > 2024-03-08 11:04 | Report Abuse

semenanjung tentera wang dan malaysia tentera askar wang dan pencen wang semua di AFFIN BANK LEMBAGA TABUNG ANGKATAN TENTERA mana boleh jual tak akan jual kepada sarawak tak akan control by sarawak

Posted by damiel > 2024-03-08 11:08 | Report Abuse

MAYBANK ,PBBANK,HONG LEONG , ALLIANCE ,CIMB pun tak suka pinjam wang kepada sarawak sarawak people sebab sana jauh dan tak bangun masih kampung kampung ....

Posted by damiel > 2024-03-08 11:10 | Report Abuse

SARAWAK want development need one owns bank ...SARAWAK NEED ONE BANK to lending money to sarawak people to buy house buy car ,ding business

Posted by damiel > 2024-03-08 11:12 | Report Abuse

ANZ SELL AMBANK BIGGEST STAKES TO WHO ?

Posted by TheContrarian > 2024-03-08 11:13 | Report Abuse

Sarawak obviously want to control Affin but it's not certain yet whether Sarawak will emerge as largest single shareholder. The percentage to be sold may be less than the speculated 25%.

Posted by TheContrarian > 2024-03-08 11:14 | Report Abuse

Industry sources told StarBiz the demand for sale of AmBank’s shares have been overwhelming as the upsize portion of the shares (7.5%) have been fully sold in view of the quality of the bank and its good potential going forward.


“Around 80% to 85% of the buyers are Malaysian “long only funds” like institutions like pension funds, insurance companies etc. The remaining are primarily Asian funds, followed by funds from Europe and the United States,” the source added.

Posted by prince4 > 2024-03-08 11:16 | Report Abuse

sarawak buy affin below 5% .. in talk to buy AFFIN all biggest controlling stakes ....
but important malaysia all ARMY money in AFFIN ...CENTRAL GOVT call LTAT DON'T SELL to BORNEO

Posted by prince4 > 2024-03-08 11:17 | Report Abuse

sarawak sell lo AFFIN

Posted by ling > 2024-03-08 11:22 | Report Abuse

from 2020 ANZ want find buyer to buy all their holding

Posted by ling > 2024-03-08 11:23 | Report Abuse

Sarawak Govt buy AMBANK 😂

Posted by TheContrarian > 2024-03-08 12:00 | Report Abuse

Sarawak so kedekut where can buy Ambank?

Posted by rohank71 > 2024-03-08 12:13 | Report Abuse

for anyone to buy more than 5% of Ambank need BNM approval. so as want Contarian said and reported by Star its bought by public institutions. no one will emerge as substantial shareholder with more than 5%. that's why ANZ can't sell Ambank to Swak coz the process will require BNM. ANZ sell in market to institution is faster.

Posted by ling > 2024-03-08 12:17 | Report Abuse

rohank71 who want buy affin bank also need BNM approval lah wait 1 YEARS LAH ...BNM already approval ANZ to sell ambank huhu

Posted by ling > 2024-03-08 12:22 | Report Abuse

06/03/2024 ANZ BH PTY LTD Disposed AMBANK 545,826,400 shares

Posted by ling > 2024-03-08 12:23 | Report Abuse

ANZ in a statement said it has sell 16.5% of the issued capital in AmBank via a block trade

Posted by TheContrarian > 2024-03-08 12:24 | Report Abuse

Sarawak wants 30% but may not necessary get 30%.

Posted by rohank71 > 2024-03-08 12:35 | Report Abuse

#ling you are right and Swak and LTAT as announced by Abang Jo has already written to BNM for approval. Hence the delay.

Posted by rohank71 > 2024-03-08 12:36 | Report Abuse

For sale U don't need approval of BNM unless U sell to a party who will end up with more than 5%

Posted by TheContrarian > 2024-03-13 00:31 | Report Abuse

Last Tuesday, Khaled told the Dewan Rakyat that he personally did not have any issues with the restructuring plan of LTAT. However, the minister made it clear that specific proposals involving the restructuring of the business model and management of shareholdings, including the sale of assets and disposal of shares in several strategic companies, needed careful consideration.

“We are seeking a win-win situation, where the LTAT strategic plan will not adversely affect the companies, and the shareholdings of LTAT in its subsidiaries can be maintained at a level that allows it to retain control,” Khaled was quoted by the media as saying.

Posted by TheContrarian > 2024-03-13 00:32 | Report Abuse

Is Sarawak going to get 30% or less of Affin?

Posted by TheContrarian > 2024-03-13 17:07 | Report Abuse

Sold BIMB at 2.61 this morning for 15% gain, bought back a bit of Affin at 2.50.

Posted by TheContrarian > 2024-03-15 14:45 | Report Abuse

So quiet here.

Posted by Bursino > 2024-03-18 15:11 | Report Abuse

Abang Joe on silent mode.

Posted by TheContrarian > 2024-03-18 20:28 | Report Abuse

Abang Joe told to be silent?

Posted by Bursino > 2024-03-18 20:57 | Report Abuse

Calm. Something is stewing. Added some lots.

Posted by Bursino > 2024-03-18 21:17 | Report Abuse

Affin NTA now 4.73, I assumed no creative accounting in its books. I think it can stand on its own at 0.7x book value, ie 3.31. The pending Sarawak deal may actually be hindering its "true market price" Interested parties may be putting the hand brakes on the price's upward movement.

Posted by TheContrarian > 2024-03-18 21:24 | Report Abuse

Apparently EPF has ceased selling. There has been buying support at around 2.50 to absorb the selling.

Posted by rohank71 > 2024-03-19 13:09 | Report Abuse

Affin looks awake for an uptrend. hold on tight.

Posted by rohank71 > 2024-03-19 13:10 | Report Abuse

2.50 well absorbed all sellers. Next is to stay at 2.55 and break 2.60 to confirm a steady uptrend to a 3.20 takeover.

Posted by TheContrarian > 2024-03-19 20:21 | Report Abuse

Who's doing takeover at 3.20?

Posted by rohank71 > 2024-03-21 17:21 | Report Abuse

my brother Abang Jo.

Posted by TheContrarian > 2024-03-21 22:12 | Report Abuse

Abang Jo cheapskate offering only RM2.40.