AFFIN BANK BERHAD
KLSE (MYR): AFFIN (5185)
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Last Price
2.60
Today's Change
+0.12 (4.84%)
Day's Change
2.49 - 2.60
Trading Volume
9,528,900
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Discussions
2 people like this. Showing 50 of 3,937 comments
Anybody knows if there was a door gift announced for people who registered or voted?
2 months ago
There are more pressing matters to attend to, like vote, understand the financial position and future direction of the bank than door gifts. Why is it so important? Are you a collector?
2 months ago
Affin is consolidating too long, there's no clear direction going up or going down.
2 months ago
April coming to an end and still Sarawak has not been given approval to increase their stake in Affin.
2 months ago
KUCHING, May 2 — The Sarawak government is still waiting for approval from Bank Negara Malaysia (BNM) to acquire a majority stake in Affin Bank Malaysia, said Premier Tan Sri Abang Johari Openg today.
2 months ago
Abang Jo wants to take control of Affin buying so little and paying so little.
1 month ago
Looking at the last 5 target price estimates, the highest is 2.25 and the lowest is 1.70: I suspect that after the dust settles from Sarawaks transaction there will be blood spilled from an over sell. Many fingers could be burned
1 month ago
Already mid-May still no approval for Sarawak to buy Affin. Seems like hot air from Abang Jo.
1 month ago
I am there at the bottom of the tree with my bucket wide open waiting for the fruits to come falling..
1 month ago
Wake up ....don't get your fund stuck here for too long. Lots of profit$$$$$$$ in many other counters
1 month ago
@EngineeringProfit.. I have looked all over the market but prices have skyrocketed. I am playing the patient waiting game.
1 month ago
May 22 — Sarawak Premier Tan Sri Abang Johari Openg today said that European Union (EU) countries have indicated their interest to set up an EU bank in Sarawak to provide a source of funding for green investments in the state.
🤣🤣🤣
1 month ago
IBs give sell call as affin PER is 14x plus plus....when most banks are at about 10x PER.... or below :-) happy hunting
1 month ago
Affin price will not likely to dip below 2.40 because that's the minimum price LTAT selling to Sarawak.
1 month ago
I have said this before, IBs are all calling for a SELL. The price is too hyped due to Sarawak news. Once it no longer is news but fact, the price in my opinion will dip.
1 month ago
There's a possibility that LTAT sale of Affin via Boustead to Sarawak will be called off due to pricing disagreement.
1 month ago
https://www.theborneopost.com/2024/05/30/dr-sim-affin-maswings-acquisitions-not-under-ma63-negotiations/
https://www.theborneopost.com/2024/05/18/sarawaks-revenue-expected-to-hit-rm16-bln-this-year-says-abg-jo/
Sarawak's revenue is expected to hit RM16 billion this year. Every year expected to grow.
Sarawak can swallow Affin, easily.
My conviction remains. Affin will be gobbled up by Sarawak.
1 month ago
Maybe there will be an announcement tonight : Sarawak buys 20% of Affin from Boustead at RM2.60 per share.
1 month ago
Already June still Bank Negara refuses to approve a deal which is already done and dusted in December? Those LTAT personnel who agreed on the pricing to sell have all resigned back in January. The new Minister of Defense is insisting on higher price for such a sizeable block of Affin shares. The originally agreed price was at around RM2.40 (disclosed in the lastest Edge Weekly as RM2.42). I think LTAT is asking for RM2.60, just a bit more but Sarawak so stingy. So Bank Negara just put everything aside.
4 weeks ago
Affin bank, Blackrock of Malaysia.
https://www.klsescreener.com/v2/news/view/1339413/cross-light-capital-affin-bank-announce-launch-of-digital-asset-fund
3 weeks ago
Abang Jo made a phone call to Bank Negara to ask why CNY come, CNY go, Raya come, Raya go, still deal for Sarawak to "take over" Affin no go? Bank Negara told Abang Jo to shut up and until today Abang Jo hasn't mentioned Affin.
3 weeks ago
“If they want to migrate to Sarawak, I say can, so I want to suggest to the Premier (Datuk Patinggi Tan Sri Abang Johari Tun Openg) as well, when we have our own bank later, those wishing to migrate to Sarawak must have minimum deposit of RM2 million in our state-owned bank, or purchase property here for no less than RM1.5 million. …This at least can generate income for our state. They can also get permanent resident status in Sarawak,” Deputy Prime Minister Datuk Seri Fadillah Yusof said on 27 April 2024.
I would like to suggest people use ChatGPT or google and ask “What is the ownership structure of a state-owned bank?”
https://www.theborneopost.com/2024/04/27/minimum-rm2-mln-deposit-or-buy-rm1-5-mln-property-as-prerequisite-for-business-folks-migrating-to-swak-dpm-suggests/
3 weeks ago
Maybe that explains why the regulator is taking so long to assess the (complex) application. A state takeover of a commercial bank, no ?
3 weeks ago
The Chairman's post? Is it an issue? Will it be an issue? Have the parties concerned settled this matter? What if Sarawak INSISTS on its nomination for the post?
3 weeks ago
Abang Jo has been told by Bank Negara to shut up and since then Abang Jo hasn't mentioned Affin.
3 weeks ago
https://theedgemalaysia.com/node/715949
How many zeros is RM1.25 trillion ? How much is 1% of RM1.25 trillion?
2 weeks ago
The first thing that came to my mind was Bre-X. Google if anyone needs to know about the Canadian company Bre-X.
2 weeks ago
BEA merely selling some of the shares received from the DRP which was issued at issuing price of RM2.176.
1 week ago
Premier says deal to take over majority shares in a bank to be formalised on July 19
BY JUDE TOYAT ON JULY 5, 2024, FRIDAY AT 6:00 PM
KUCHING (July 5): Sarawak Premier Datuk Patinggi Abang Johari Tun Openg has hinted at an official signing ceremony to acquire a majority stake in a bank, most likely to be the long-speculated Affin Bank, this July 19.
While he did not specifically name the bank, Abang Johari said that Sarawak is set to take over a major financial block, positioning itself as a dominant player in Malaysia’s banking industry.
“There is no more secrecy. By then, we will officially sign to take over this major block, which includes substantial shares, soon, July 19,” he said in a press conference during the Amanah Saham Sarawak (Assar) dividend announcement at Hikmah Exchange Event Centre here today.
Abang Johari noted that this acquisition symbolises Sarawak reclaiming its former assets.
“We once lost what we had, and now we are taking it back. Previously, we had six banks taken from us, and now we are reclaiming them. Now we even have our own bank.
“The bank we are acquiring is bigger than those six banks, and we aim to become a dominant player in Malaysia’s banking business.
“Sarawak will play a crucial role, God willing, and this is reflected in our investment portfolio, which aims to boost Sarawak’s economy significantly,” he said.
https://www.theborneopost.com/2024/07/05/premier-says-deal-to-take-over-majority-shares-in-a-bank-to-be-formalised-on-july-19/
1 day ago
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.
Price possibly RM2.60 ?????
1 day ago
RULE 9 ANNOUNCEMENT AND NOTICES
9.05 Announcements to be made by the offeror or potential offeror
(1) Before the board of the offeree is approached, the responsibility for making an announcement will normally rest with the offeror or potential offeror.
(2) The offeror or potential offeror should keep a close watch on the offeree share price and volume for signs of undue movement and must make an announcement–
(a) when, before the board of the offeree is approached, the offeree is the subject of rumour or speculation about a possible offer, or there is undue movement in its share price or a significant increase in the volume of share turnover, and there are reasonable grounds for concluding that it is the offeror or potential offeror’s actions which have directly contributed to the situation;
(b) where negotiations or discussions are about to be extended to include more than a very restricted number of people (outside those who need to know or are involved at that stage of the discussion and their immediate advisers) ;
(c) upon the signing of the sale and purchase agreement for the voting shares or voting rights of the offeree which will lead to the acquirer being obliged to extend a mandatory offer obligation.
9.07 Possible offer announcement (1) When an announcement is required to be made pursuant to subparagraphs 9.05(2) and 9.06(2)(b) to (d), but the intention to make an offer is premature or have not been firmed up, the offeror, potential offeror or offeree is required to make a brief announcement that negotiations are taking place
RULE 3 ADVISERS
3.01 An adviser must comply with all requirements under the Code and the Rules, and ensure that it explains to its client and its directors, their respective responsibilities under these Rules and the Code and use all reasonable effort to ensure that the client and its directors comply with these Rules and the Code. In cases of doubt, the SC must be consulted.
23 hours ago
https://www.facebook.com/unitkomunikasidanpenerangansarawak/videos/446764558127326
Clip 1:07:50 / 1:11:33
Unit Komunikasi Awam Sarawak - UKAS
SIARAN LANGSUNG 5 JULAI 2024: MAJLIS PENGUMUMAN DIVIDEN ASSAR
22 hours ago
https://www.youtube.com/watch?v=wz8rCquL88I
Astro AWANI : Abang Jo beri bayangan proses ambil alih Affin Bank dimuktamad 19 Julai
22 hours ago
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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....
TheContrarian
The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah in attendance.
Chairman thanked all the investors, customers, and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism, and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.
2 months ago