AFFIN Stock Forum

Good morning mooers! Here are things you need to know about today's market:
●US Stocks Close Lower on Fed's 'No-Rush' Approach to Rate Cuts, Nvidia's Bullish Sales Forecast
●Bursa Malaysia Nears Bull Market Phase as Investors Continue to Buy Blue Chips
●Malaysia's Commercial Vehicle Industry on the Rise: A Recap of the Malaysia Commercial Vehicle Expo 2024
●Stocks to watch: Sime Darby Property, Sunway
-moomoo New...

Despite challenging conditions and net interest margin compression, the group has shown resilience by building stronger foundations for current accounts, savings accounts, loan growth, gross impaired loans, loan loss coverage, and customer acquisitions, according to the bank's CEO, Datuk Wan Razly Abdullah.

Affin Bank's failure to meet some 2023 targets and decreased full-year net profit could dampen investor sentiment. The 2024 targets and dividend proposal may be seen as efforts to restore investor confidence.

Premier's optimism for Sarawak's future is fueled by its focus on renewable energy, positive negotiations with Affin Bank, and plans to develop Sibu into a smart city.

Alliance Bank is the smallest Bursa Malaysia bank. While smaller than Affin Bank, its performance as measured by the ROE is far better than that of Affin.
When you look at the ROE trend of Alliance, you can see that it had recovered from the Covid-19 years and overtaken its pre-Covid-19 peak But the market price has yet to reflect the better performance.
Does the market know something that I don’t or it it merely being irrational?

If you are looking for performance among the Bursa banks, then of course you would chose PBBank as it had the better ROE trends. You can see from the chart that Affin has the worse ROE trend.
But if you are looking to make money, shouldn’t the focus be on companies trading at a discount to its value with some catalyst? The asset value or book value of banks is a good indication of their business value as most of the assets are marked to market prices. ...