AFFIN BANK BERHAD
KLSE (MYR): AFFIN (5185)
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Last Price
2.83
Today's Change
-0.05 (1.74%)
Day's Change
2.82 - 2.88
Trading Volume
1,374,600
IPO Info
File Name: AFFIN-Cover to Page 190.pdf Download
Discussions
4 people like this. Showing 50 of 4,139 comments
“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
3 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.
3 days ago
@mf may i ask what has "Israel’s assassination of Hezbollah’s Nasrallah" got to do with Affin?
3 days 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?
3 days 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 %
2 days 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.
2 days ago
All this was an expected scenario, waiting for it to reach RM2 or below, otherwise not interested.
1 day 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.
1 day ago
Not a single one of them has disposed. Perhaps peer pressure. He who blinks first loses.
1 day ago
MIDF sees limited immediate gains for Affin
.
.
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.
1 day ago
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1 day ago
I sold all my 6-year holding in Affin @ just below $3 & was regretting it for a while, but that regret disappeared yesterday...
1 day ago
Yesterday CIMB called Affin a BUY and their arithmetic on fair value is 4.30. Four dollar thirty sen. Only thing CIMB didn't say when can hit 4.30.
21 hours ago
You people very cun-lah. One knows it will drop no further. Another knew it will fly. 🤗
21 hours ago
Already 4 days has lapsed since the signing of the S&P last Friday. Abang Jo hasn't announced the purchase consideration .......... because Abang Jo doesn't know, hahaha 🤣🤣🤣
14 hours ago
Israel launches ground invasion into Lebanon, Iran reacts by launching 200 missiles at Israel ....... Abang Jo in a panic might call off acquisition of Affin ......... hahaha.
8 hours ago
Today is the day =)
Going like missiles Iranian 🔥
New shareholders on the way
RM2.95
RM2.98
RM3.05
5 hours ago
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speakup
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
3 days ago