Posted by redhotpepper > 2 weeks ago | Report Abuse

Wow, ytd a lot of winner. Congrats, @aklobi and @contrarian, you guys also in the profit wagon? Affin never disappoints.

Posted by TheContrarian > 2 weeks ago | Report Abuse

@redhotpepper, Affin was so undervalued it was just a matter of time before it surged. Probably some foreign funds decided to buy. Price will stay up only if LTAT or Boustead or EPF don't sell down as they always do.

Posted by aklobi > 2 weeks ago | Report Abuse

Thnx @redhotpepper

Posted by beluga > 2 weeks ago | Report Abuse

In 2007, the state pension fund EPF made a mandatory general offer to all remaining RHB shares after it bought UBG's stake in RHB. That MGO made EPF hold 82%. Then subsequent year , EPF sold 25% to Abu Dhabi, reduced its stake from 82% to 57% . The rest is history. Bank can be "privatised" under FSA , only need approval from MoF via BNM. If Anwar say ok, then it's ok.

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Nice (his)story, nice show!!!!!

(Clap .....clap......clap)

It's wayang kulit?
It's kuda kepang?
It's Affin show!

Posted by auditorandconsultant > 2 weeks ago | Report Abuse

价值投资利益最大化的两个方法：

（1）重仓投资在拾荒股票才是股市赚钱的王道 (PARKSON and CLMT)；

（2） 重仓投资在人家看不起眼的二等金融股 (AFFIN)

永远秉持人弃我取那些蒙尘珍珠，还有记得别在股市追求时尚，追求名牌，因为名牌意味着高价格，贵东西！

接下来我会义无反顾的重仓CLMT和PARKSON，将我的投资盈利最大化。

种种原因，我已经在很久前透露在KLSE i3 和 KLSE SCREENER

当然这个才开不久的部落格也是说明很多了！

永远要记得投资股票就是投资未来的价值，投资前景，投资可达到的梦想！

市场很多课程老意味的纠结过去种种的商业亏损，但是没有注重高管理层有没有励精图治，还有一个盲点就是企业失落的因素是属于可控制 (Controllable Factor) 还是不可控制的 (Non Controllable Factor)

最近有点忙，但是我会抽点时间继续帮助大众在拾荒股票路线解密。

真金不怕红炉火！这两个是我早期部署然后重仓的股票，符合上面两大条件，多多益善！

https://devotee-of-john-templeton.blogspot.com/2023/09/1-parkson-and-clmt-2-affin.html

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Fantastic huat huat show!!!!!

(Clap .....clap......clap)

It's wayang kulit?
It's kuda kepang?
It's Affin show!

Posted by TheContrarian > 2 weeks ago | Report Abuse

Today everyone disappeared?

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Let contrarians take profit$ first lah

Posted by TheContrarian > 2 weeks ago | Report Abuse

Already took some profits at 2.13 on Tuesday.

Posted by TheContrarian > 2 weeks ago | Report Abuse

Why is Affin dropping? Someone said privatisation.

Posted by beluga > 2 weeks ago | Report Abuse

I think LTAT/Boustead will have to sell Affin. They need more funds to settle their debt. Recent 33% divestment BPlant transaction is not enough. I confidently still increase my holding and bet more. Any price drop is good investment opportunity.

Posted by TheContrarian > 2 weeks ago | Report Abuse

Suddenly price drop is good, hahaha.

Posted by beluga > 2 weeks ago | Report Abuse

yes if drop more, i buy more. been accumulating. i was shareholder of Boustead (BHB). They bought us out at 0.855 per share when the net asset value of BHB for Y2022 was at 1.66 . Within few months, they sold BPlant at RM1.55 , more than double what they "advise" us the value for BPlant (at 0.72) was when they try to privatised BHB (I read the IAC ).

Posted by TheContrarian > 1 week ago | Report Abuse

EPF selling Affin again, damn, hard for price to go up if EPF keeps selling.

Posted by speakup > 1 week ago | Report Abuse

Mediocre Banking Sector Results: NIM And NOII Centre Of Discussion
By
Editor -
September 10, 2023

The banking sector saw a mediocre season with earnings entirely within expectations, this is despite some surprises in tailwinds and headwinds. NIM compression this time was a lot heavier than previously guided for (recall that banks were guiding for “stable-to-minor” compression in 1Q23). NOII improvement was expected, being guided for as a core earnings driver (which came true, but it was unevenly distributed).

MIDF analysts give their guidance for the sector and it’s more skewed towards the negative, largely due to the slower-than-expected NIM recovery and potential asset quality irritation. Nearly all banks revised their NIM guidance downward.

However, on a more positive note, future quarters may see possible positive revisions to NCC guidance (they were initially too conservative). Earnings: Relatively stable, NIM and NOII are central focus. Aggregate Core Net Profit (Core NP) up by +0.6%qoq. It was a good quarter for topline – despite NIM compression, NII largely remained stable to slightly negative while NOII did mostly see solid improvement, mostly on the side of treasury income (though in some cases disappointed).

Provisioning did pick up from last quarter’s softer activity, with a few banks amping up on credit costs for a poorer macroeconomic outlook and asset quality irritation. There was a minor issue of slightly elevated tax rates in the quarter, due to higher provisioning and investment-related gains that are less tax deductible.

As for the balance sheet, growth was poor but expected to pick up. Weaker corporate loan growth offered downside pressure. Retail contributions – particularly solid mortgage and hire purchase growth – were bolstered by strong unsecured loan offerings. Unfortunately, this was not enough to offset weaker growth coming from the non-retail side – though the industry has guided for a much healthier post-election pipeline in 2H, maintaining their far-from-target loan growth forecasts. Deposit growth was more mixed, but liquidity remains ample.

CASA attrition on the other hand took a light breather as pricier FDs matured without renewal but should resume in subsequent quarters. Different banks took different approaches to managing NIM optimisation, hence reporting varying quarterly deposit growth figures.

Increasing impairment pressure within certain brackets, but heavy write-offs keep GILs manageable. Asset
quality pressure mainly came from the residential mortgages and SMEs linked to RA loans, though there was some
irritation already coming from riskier overseas and unsecured segments. Few banks have guided that GIL ratio is close to
peaking (or has already peaked). While LLC values have come down, some banks are looking at chunkier recoveries in the
coming quarters to keep this manageable while refraining from making larger allocations.

Among the banks, Maybank saw an unexpected, massive non-fee income gain within the quarter, CIMB displayed
exceptional performances in almost all aspects, especially loan growth. But Affin saw an abnormally sharp sequential drop in NIMs, which dragged earnings. RHB brought in decent quarterly earnings, but this was largely driven by overlay writebacks – while everything else was lacklustre.

From a pure valuation perspective, BIMB remains the most attractive while Affin is the least. Moving forward, the house is neutral for 2H outlook and doubts that ROE outlook is going to be that much better than 1H. Loan growth outlook is positive – banks are very optimistic about 2H’s non-retail pipeline. NIM outlook is more neutral – i.e. most banks are guiding stable to positive movement, though MIDF is cautious of year-end deposit competition.

On the other hand, more banks are opting for full-cash dividends. BNM doesn’t seem likely to exercise any additional leniency in capital ratio levels soon. Regardless, several banks have already guided for higher dividend payouts and halting DRP programmes – signalling that they are happy with current CET1 levels.

Posted by TheContrarian > 1 week ago | Report Abuse

Forum here gone quiet again.

Posted by redhotpepper > 1 week ago | Report Abuse

Profit earned dy, definitely quiet. Anymore surprise?

Posted by TheContrarian > 1 week ago | Report Abuse

Today still quiet here.

Posted by beluga > 1 week ago | Report Abuse

“Quiet" or “noise" is irrelevant to me. I have said before that I believe sarawak will buy more of affin. "Holding a 4.9% stake is meaningless”. https://theedgemalaysia.com/node/663570

Over the years, I invested in Affin and Boustead (privatised now). But I have increased my interest significantly in affin recently after reading all the news reports, circulars on Boustead etc. All the variables just strengthen my conviction that Boustead will have no choice but to sell affin to settle their huge debt.

Beside that, affin is trading at a huge discount to its net assets, widest among its banking peers. 60% discount! Even if my thesis is wrong, I think the margin of safety is there.

Posted by jacksonkhs888 > 1 week ago | Report Abuse

I wouldn't even touch this stock. Bought this because it was a darling back then now... I rather AMMB than this.

Posted by jacksonkhs888 > 1 week ago | Report Abuse

The problem is there is not enough of driving force to back AFFIN's upward share trajectory. Any upside are short lived. I remember in 2022 it traded to 2.5 or something. Lucky to even get my equity out at 2.3

Posted by jacksonkhs888 > 1 week ago | Report Abuse

Plus that EPF... zzz. Keep selling like that sure shock all investors away.

Posted by jacksonkhs888 > 1 week ago | Report Abuse

So my word of advice is that if you happen to see it break 2.1, get your trading profits locked in. Otherwise you could cry your eye balls till December while EPF laugh to the bank.

Posted by jacksonkhs888 > 1 week ago | Report Abuse

Give or take based on privatization: 2.2 to 2.5

Posted by TheContrarian > 1 week ago | Report Abuse

Posted by TheContrarian > 2022-11-29 12:45 | Report Abuse

Sold my remaining Affin at 2.50, thank you for the gains.

Posted by TheContrarian > 1 week ago | Report Abuse

The last peak at around RM2.50 was on 29-11-2022.

Posted by EngineeringProfit > 1 week ago | Report Abuse

Yup. I sold all then and got back this year

Posted by TheContrarian > 1 week ago | Report Abuse

Let's all start singing :

When will Affin hit RM2.50 again?
When will we have happy moments?
Rising again ......
Or is this the end?
When will we see RM2.50 again?
When will we have happy moments?
Will it rise again?
Or is this the end?

Posted by EngineeringProfit > 1 week ago | Report Abuse

What?????

Posted by TheContrarian > 1 week ago | Report Abuse

Wise men say ......
Only fools rush in
But they can't help
Falling for Affin
Should we buy?
Should we wait?
Like a river flows
Surely to the sea
Will Affin rise?
To RM2.50 again?

Posted by EngineeringProfit > 1 week ago | Report Abuse

???????

Posted by auditorandconsultant > 1 week ago | Report Abuse

Possible to break 2.20 or not? Be patient and hold

Posted by jacksonkhs888 > 1 week ago | Report Abuse

Haha 2.1.

Posted by TheContrarian > 3 days ago | Report Abuse

Forum here so quiet again.

Posted by sailstruth > 2 days ago | Report Abuse

Very calm to wait for the rebound...🤗

Posted by TheContrarian > 2 days ago | Report Abuse

The calm before the storm.

Posted by EngineeringProfit > 2 days ago | Report Abuse

Shhhh.......let all the contrarians leave first

Posted by TheContrarian > 2 days ago | Report Abuse

See can hit RM2.50 again or not.

Posted by aklobi > 2 days ago | Report Abuse

I come to this page once a week to see if there is a price crash so i can buy more

Posted by TheContrarian > 2 days ago | Report Abuse

@aklobi, when price was below RM1.90 it was such a bargain.

Posted by speakup > 2 days ago | Report Abuse

maybank bagus, cimb bagus, rhb bagus, bimb bagus, mbsb bagus, affin bagus, semua bank bagus!

Posted by Sailangking > 2 days ago | Report Abuse

heading to 2.20 soon!

Posted by Sailangking > 2 days ago | Report Abuse

slowly and steady put bibi

Posted by TheContrarian > 2 days ago | Report Abuse

Go, go, go Affin, march on to RM2.20.

Posted by auditorandconsultant > 2 days ago | Report Abuse

Good news is coming soon, hold tight hold tight

Posted by TheContrarian > 2 days ago | Report Abuse

EPF selling again?

Posted by TheContrarian > 6 hours ago | Report Abuse

Forum back to quiet mode again.

Posted by EngineeringProfit > 2 hours ago | Report Abuse

Shhh.....

(....make money, not noise)

Posted by Sailangking > 1 hour ago | Report Abuse

turn to quiet mode. shhhh..Lets see