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AFFIN (5185) : AFFIN BANK BERHAD
ILoveDividend
Member StarMember Star
Posts: 521
Joined: Dec 2011
Male, MYS
29 May 2012, 10:49 AMPost #1
The Board of Directors of AFFIN ("Board") wishes to announce that with effect from financial year 2012, the Company will be adopting a dividend policy to pay a minimum dividend based on 50% of the Company's profit after taxation for each financial year, provided the distribution would not be detrimental to the Company's cash requirement or any plans approved by the Board. In recommending dividends, the Board endeavours to maintain a consistent and regular dividend payment policy that promotes a stable stream of return to the shareholders of AFFIN Holdings Berhad, taking into consideration the allocation of capital resources to support the organic business growth of the Group. The dividend policy reflects the Directors' current views on the Company's financial position and shall not constitute a legally binding statement in respect of the Company's future dividends which are subject to modification at the Board's discretion. This announcement is dated 25 May 2012.
reits
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Posts: 2
Joined: Jun 2012
Male, MYS
08 Aug 2012, 12:01 PMPost #2
@ 3.57 good to enter??
yunshi
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Posts: 6
Joined: Aug 2012
Male, MYS
28 Aug 2012, 10:36 PMPost #3
I would like to Support Affin Bank!!!! Affin got a future.. bright future!!!
yunshi
Member Star
Posts: 6
Joined: Aug 2012
Male, MYS
13 Sep 2012, 09:28 PMPost #4
I would like to Support Affin Bank!!!! Affin got a future.. bright future!!!yunshi @ 28 Aug 2012, 10:36 PM
People should see the future of Affin Bank!
CNY2012
Member Star
Posts: 111
Joined: Dec 2011
Male, MYS
06 Mar 2014, 09:27 AMPost #5
RHB Research maintains Neutral on Affin, FV RM4.30

KUALA LUMPUR: RHB Research is maintaining its Neutral outlook on Affin Holdings with fair value of RM4.30.

It said on Tuesday that preserving asset quality still appears to be its key focus, which means loans growth is likely to remain modest.

“Further details (for example integration costs and synergies) on the HwangDBS IB deal will only be forthcoming after financial closure. That aside, we think net profit growth would be under pressure due to normalising credit costs,” it said.
CNY2012
Member Star
Posts: 111
Joined: Dec 2011
Male, MYS
06 Mar 2014, 09:28 AMPost #6
Alliance Research maintains Neutral on Affin Holding

KUALA LUMPUR: Alliance Research is maintaining its Neutral call on Affin Holdings Bhd, trimming its target price to RM4.35 from RM4.57.

The research house said on Wednesday that post earnings revision, it was maintaining a 10% discount on its valuation model to reflect the earnings dilution from its equity raising exercise to acquire Hwang-DBS's selective assets.

The target price implied a 1.0 times FY14 price-to-book and a sustainable 9.9% return on equity based on Alliance Research's Gordon Growth valuation model.

Earnings estimates will also be adjusted to reflect the dilutive impact from the enlarged share base once the right issue price and number of new shares to be issued are determined.

"The group does not see stress in its hire purchase portfolio. We understand that its current portfolio comprises 80% new car and 80% non-national car segments, which so far have not experienced any material deterioration in the asset quality. As such, management remains comfortable of growing its hire purchase portfolio given that the group has already adopted a stringent credit underwriting policy," Alliance said.

Presently, Alliance Research's computation shows that should Affin fix its rights issue price at 10% discount to its last closing price of RM4.09, the group will need to issue about 340mil shares to raise RM1.25bil, which represent about 23% of its current share base.

Assuming that there are no substantial synergistic benefits to be yielded from the acquisitions in the immediate term, this could dilute the group's forward earnings per share by about 11%.

The research house said the potential earnings dilution for Affin will vary depending of the number of new shares to be issued by the group; should the group fix its right issue price at 25% (rather than 10%) discount to its last closing price of RM4.09, the group will need to issue about 410m new shares, representing about 27% of its current share base.
CNY2012
Member Star
Posts: 111
Joined: Dec 2011
Male, MYS
13 Apr 2014, 09:07 AMPost #7
CIMB Research lowers Affin target price to RM3.46


KUALA LUMPUR: CIMB Equities Research has lowered the target price of Affin Holdings to RM3.46 when it has completed its acquisition of HwangDBS Investment Bank (HDIB).

It said on Wednesday the target price was lower than the theoretical ex-price of RM3.71.

At the briefing on Tuesday, it said Affin targeted synergies of RM84mil in FY15-17 and RM43mil per annum starting from FY18 from the acquisition of HDIB.





“Factoring in the synergies, we think that the deal would still be dilutive, though the EPS dilution could be reduced from 12-15% to 10-12%. Our DDM-based target price (cost of equity of 12.7%; long term growth of 4%) is intact.

“The stock is still rated as Reduce due to its 1) below-industry loan growth, 2) suppressed margins, 3) upturn in credit costs, and 4) EPS dilution from the HDIB deal. We prefer RHB Capital in the Malaysian banking space,” said CIMB Research.



MarkHunter
Member Star
Posts: 9
Joined: May 2023
Male, MYS
03 Oct 2023, 12:49 PMPost #8

You guys think this stock will recover soon ? yeah

i4value
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Posts: 519
Joined: Aug 2020
Male, MYS
02 Feb 2024, 06:50 AMPost #9

If you know which stock will give the best return, you would be an idiot not to invest all your money into this one stock. The reality is that we cannot see the future so we hedge buy spreading our investments to several stocks. In other words, we have a stock portfolio.

 

But this works only if we have a diversified portfolio - the stocks in the portfolio are not correlated to one another. How do you select the stocks to achieve the diversity?

 

We know that if you have 2 bank stocks such as Bursa Affin bank and Maybank in the portfolio, it is not a diversified one. What if we have Affin and UOA Dev a Bursa property company? Will we then have a diversified portfolio?

The chart shows the ROE trends of Affin and UOA over the past 7 years. There is a 81% correlation between then. This mean if statistically that changes in Affin ROE can explain 2/3 of the changes in UOA ROE. This is significant

 

So is having Affin and UOA meant that it is not a diversified portfolio?

i4value
Member StarMember Star
Posts: 519
Joined: Aug 2020
Male, MYS
05 Feb 2024, 07:57 AMPost #10

The share price of Affin has gone up by about 25% since the start of the year from about RM 2.10 per share to as high as RM 2.69 per share. This is due to news about the Sarawak State government increasing its stake in the bank. Since there is no final announcement about the size of the stake and the price, I suspect this is a counter with many speculators.

To be transparent I invested in Affin years ago at an average price of RM 2.66 per share. Affin has not been a performing bank. The chart shows the ROA trends for 4 banks – Affin, CIMB, Maybank and Public (PBB). You can see that Affin delivered the worst returns.

I think that the entry of the Sarawak State government, may be a catalyst for improving performance that would result in a re-rating. If this happens, my purchase price of RM 2.66 may look very reasonable considering that the Book Value is in excess of RM 4.00 share.

Suddenly from being an idiot, I may yet turn out to be a genius.

VincentLim00
Member Star
Posts: 1
Joined: Mar 2024
Male, MYS
05 Mar 2024, 01:01 PMPost #11

Affin bank still relevant?

1

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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