KLSE (MYR): AFFIN (5185)
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Last Price
2.78
Today's Change
-0.17 (5.76%)
Day's Change
2.78 - 2.99
Trading Volume
16,326,600
Ann. Date | Date | Type | Name | Title | View |
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Not so Gun Ho for the time being. Affin need to break it's its previous high price range betw 3.45 - 3.50. Can we see it tomorrow?
4 days ago
New Straits Times report, the event will take place at Sheraton Kuching Hotel at 2.30pm.
3 days ago
Affin Bank's counter service is the slowest in the country. It is common to observe a single customer finally completing their bank transaction after 40 minutes at one counter. Maybe it is a common knowledge that Affin Bank caters to many old timers who like their FD rates. But slow counter service means they serve fewer customers as compared to other banks especially Public Bank on an hour basis. I only go to Affin Bank once a while out of necessity. Affin Bank must improve their counter service. The bank's auditors on counter service must work on improving counter service.
3 days ago
News just announced, Monday can fly: https://www.nst.com.my/amp/business/corporate/2024/09/1111597/breaking-news-sarawak-raises-interest-affin-bank-3125pct
3 days ago
Sarawak acquired 31.25% of Affin shares. Sarawak State is now the largest and controlling shareholder of the Affin Group
3 days ago
At the signing ceremony the price they acquired from LTAT was not revealed. There is a strong possibility of different pricing used for the shares acquired. Maybe later we will know more about the S&P details.
3 days ago
say buy 27% but don't say price... something fishy. Bursa and SC must query them..if NO query... next election we should know what to do.. 2 X 5... both Govt is the same either PH or PN.
3 days ago
Sarawak has inked an S&P to purchase approximately 634.7 million Affin shares from two vendors, namely Boustead and LTAT for a total consideration of ..............
3 days ago
I quote partly from the Edge Weekly. " A conspicuously missing price tag: ..........It comes as a surprised that the price paid could not be revealed during the signing ceremony as talks on the transactions have been ongoing for more than a year. Why the secrecy over the price,and secondly,what essential terms do the SPA contain?" end quote.
2 days ago
It could be that a "package" was worked out. Some indirect parts and sum of the package is to be remained a secret.
2 days ago
Sarawak got "50 parliament" seat. He say sit down rm5, No body can stand up rm1... Including Anwar.. wakakaka😁
2 days ago
The price is secret because it is toooo low to tell. Isn't that obvious!
Sarawak probably bought that for only rm2 so cannt tell Public otherwise public will dump Affin shares
2 days ago
Recall last time they bought the 5% for only rm1.97! This time maybe just rm2. And investors here have been speculating speculating pushing up the share price above rm3
2 days ago
“AFFIN BANK was also notified that the Divestment is expected to be completed in the 4th quarter of 2024.”
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3487150
Hopefully once the divestment transacted , they will disclose the price together with the changes in substantial shareholding
2 days ago
What speakup wrote about the trading activities at AFFIN the last few months were generally true.I have been selling at around 2.60-2.80 range.
1 day ago
@mf may i ask what has "Israel’s assassination of Hezbollah’s Nasrallah" got to do with Affin?
1 day ago
is @mf saying Hezbollah has accounts with Affin Bank?
Posted by speakup > 1 hour ago | Report Abuse
@mf may i ask what has "Israel’s assassination of Hezbollah’s Nasrallah" got to do with Affin?
1 day ago
When BL meet S. Rm5 deal!! Bsted greedy + Lta no money. Sarawak wakakaka... No choice. Rm5 no choice. Why?
1 day ago
The purchase price has been set as the weighted average market price of the preceding 3 months prior to the satisfaction of all required conditions.
1 day ago
Looking at the Affin news on the pricing. Strong possibilities of Sarawak government paid different pricing to LTAT and Boustead. Latest news Sarawak State owns 31% , LTAT still owns 20% , Boustead disposed their 20% share . Previously Sarawak acquires 5% from LTAT plus now the 20% from Boustead. The balance 5%-6% from open market. Bank of East Asia still owns 23% { provided they did not disposed any shares } the share spread is very tight. Sarawak 31% + LTAT 20% + BEast Asia 23% = 74 %
20 hours ago
KUALA LUMPUR:CIMB Securities has raised its target price for Affin Bank Bhd with expectation that the Sarawak state government will deposit some RM4 billion into the bank next year.
On Friday, Affin announced that the state emerged as its single largest shareholder, with a 31 per cent interest, after Lembaga Tabung Angkatan Tentera (LTAT), and Boustead Holdings Bhd collectively sold their 26 per cent stake to the state's special purpose vehicle SG AssetFin Holdings Sdn Bhd.
"We believe there has been no significant deposit contribution from the Sarawak government over the past one year, despite the Sarawak government's initial acquisition of the 4.81 per cent stake last year."
"We are now assuming new current account savings account (Casa) potential in financial year 2025, of at least RM4 billion from the new major shareholder," it said.
16 hours ago
All this was an expected scenario, waiting for it to reach RM2 or below, otherwise not interested.
9 hours ago
In share trading, I've learnt to expect the unexpected. The bunch of retirees who meets every Sunday for tea has not been bothered with the price movements of this counter of late. Steady.
8 hours ago
Not a single one of them has disposed. Perhaps peer pressure. He who blinks first loses.
8 hours ago
MIDF sees limited immediate gains for Affin
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However, MIDF believes that Affin's current valuations are unattractive due to its low ROE-generating potential. Despite the potential re-rating from the new major shareholder, the bank’s share price appears to have moved ahead of its fundamentals, MIDF said, as it maintained its “sell” recommendation with a revised Gordon growth model-derived target price (TP) of RM 2.35, up from RM1.82.
The TP is based on a revised FY2025F P/BV of 0.45x, reflecting the potential re-rating following the entry of Affin Bank’s new largest shareholder.
7 hours ago
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6 hours ago
Bursino
Let's see whether the share price of Affin will shoot up 4.30 onwards till closing.
4 days ago