Maybank consider to overtake affin bank in order to sustain NO1 bank in Malaysia. And Affin realize theirs share price is too low for the take over. In this situation, Affin will push theirs share price to 4.00 very soon to prevent any big bank take over. Osk just an example, the price increased from 1.60 to 2.20 when the merging news come out so each bank takes theirs safety method to protect themselves.
The cheapest bank share in the sector. Time to collect now before it back to 4 mark soon. Maybank is planning to take over affin bank because of the attractive value of the shares. The affin expect to push to the new high to prevent the take over. Trading buy call 5.00
Recent quarter income actually not bad to the previous only got huge bad debt which drawback the result. When OPR rate rise, loan interest raise 0.25% while fixed deposit increase 0.1%. A better next quarter profit is expected if no increasing bad debt.
Affin will push the price higher in coming months to prevent the take over from the big bank such as Maybank and CIMB. This share is much undervalued after merging with the HDBS. The revenue has been increased in last few quarter and the profit will be appear after the debt level decrease. Net asset per share has increased to 4.45 from 4.27.
That's is actually less than 0.2% of the profit in year 2013. Not a very big deal. The expenses to upgrade all the ATM machines could be much more than the stolen money. So it is better to keep minimum number of machines and upgrade them every year. It is not a good idea for small bank to put ATM machines everywhere because the return on investment couldn't be justified.
That's is actually less than 0.2% of the profit in year 2013. Not a very big deal. The expenses to upgrade all the ATM machines could be much more than the stolen money. So it is better to keep minimum number of machines and upgrade them every year. It is not a good idea for small bank to put ATM machines everywhere because the return on investment couldn't be justified.
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....
Tan Lily
3 posts
Posted by Tan Lily > 2014-07-15 20:28 | Report Abuse
Is any one here willing to give me some idea whether Affin bank still worth to buy for long term investment?