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Last 2.28 MYR
Change Today -0.02 / -0.87%
Volume 161.5K
As of 4:38 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

affin holdings berhad (AHB) Snapshot

Open
2.31
Previous Close
2.30
Day High
2.32
Day Low
2.28
52 Week High
09/8/14 - 3.43
52 Week Low
08/17/15 - 2.10
Market Cap
4.4B
Average Volume 10 Days
498.7K
EPS TTM
0.27
Shares Outstanding
1.9B
EX-Date
12/11/14
P/E TM
8.5x
Dividend
0.15
Dividend Yield
6.58%
Current Stock Chart for AFFIN HOLDINGS BERHAD (AHB)

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affin holdings berhad (AHB) Details

AFFIN Holdings Berhad, an investment holding company, engages in commercial banking, hire purchase, Islamic banking, investment banking, stock-broking, money-broking, and fund and asset management activities primarily in Malaysia. Its Commercial Banking segment offers consumer banking products and services, including savings and fixed deposits, remittance services, current accounts, credit cards, unit trusts, and bancassurance products, as well as consumer loans, such as vehicle loans, housing loans, personal loans, and overdrafts to individuals; and enterprise banking products and services comprising long-term loans, project and equipment financing, and short-term credit, including overdrafts, trade financing, and other services to the large corporate, and small and medium enterprises, as well as the public sector. The company’s Investment Banking segment provides products and services consisting of advisory services and structuring of private debt securities; corporate finance and advisory services for corporate listings; mergers and acquisitions; capital raising through issues of equity and debt instruments; corporate and debts restructuring exercises; structured lending solutions for corporate finance and capital market activities; and various funds and capital market investment products to corporate and institutional investors. This segment also offers stock-broking services, such as institutional and retail stock-broking, investment management, and research services. Its Insurance segment underwrites various classes of general and life insurance. The company also provides property management, share nominee, and trustee management services. AFFIN Holdings Berhad was incorporated in 1975 and is based in Kuala Lumpur, Malaysia.

4,815 Employees
Last Reported Date: 03/27/15
Founded in 1975

affin holdings berhad (AHB) Top Compensated Officers

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Executives, Board Directors

affin holdings berhad (AHB) Key Developments

Affin Holdings Bhd Announces Unaudited Group and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Affin Holdings Bhd announced unaudited group and company earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the group reported net interest income of MYR 222,151,000 against MYR 236,098,000 a year ago. Net income was MYR 447,057,000 against MYR 467,077,000 a year ago. Operating profit was MYR 177,207,000 against MYR 173,959,000 a year ago. Profit before taxation was MYR 177,648,000 against MYR 155,022,000 a year ago. Profit for the financial period attributable to equity holders of the company was MYR 139,388,000 or 7.17 sen per basic share against MYR 107,387,000 or 7.19 sen per basic share a year ago. For the six months, the group reported net interest income of MYR 437,175,000 against MYR 455,080,000 a year ago. Net income was MYR 895,990,000 against MYR 838,173,000 a year ago. Operating profit was MYR 232,975,000 against MYR 371,134,000 a year ago. Profit before taxation was MYR 226,195,000 against MYR 340,676,000 a year ago. Profit for the financial period attributable to equity holders of the company was MYR 169,473,000 or 8.72 sen per basic share against MYR 250,115,000 or 16.73 sen per basic share a year ago. Net cash used in operating activities was MYR 3,286,420,000 against MYR 934,525,000 a year ago. Purchase of property and equipment was MYR 14,903,000 against MYR 244,000 a year ago. Purchase of intangible assets was MYR 773,000. The drop in PBT was mainly due to higher allowance for loan impairment (net of recoveries) of MYR 115.3 million, higher overhead expenses of MYR 82.6 million and lower net interest income of MYR 17.9 million. The Group's after tax return on equity (ROE) and after tax return on assets (ROA) were 2.1% and 0.3% respectively for the six months under review. For the quarter, the company reported net interest income of MYR 9,632,000 against MYR 10,310,000 a year ago. Net income was MYR 9,632,000 against MYR 10,310,000 a year ago. Operating profit was MYR 7,226,000 against MYR 3,704,000 a year ago. Loss before taxation was MYR 2,907,000 against MYR 23,232,000 a year ago. Net loss for the financial period attributable to equity holders of the company was MYR 3,619,000 against MYR 24,083,000 a year ago. For the six months, the company reported net interest income of MYR 18,849,000 against MYR 22,067,000 a year ago. Net income was MYR 84,880,000 against MYR 138,725,000 a year ago. Operating profit was MYR 80,684,000 against MYR 128,113,000 a year ago. Profit before taxation was MYR 59,851,000 against MYR 90,598,000 a year ago. Profit for the financial period attributable to equity holders of the company was MYR 58,926,000 against MYR 89,401,000 a year ago.

Affin Bank Berhad Announces Strategic Plan to Develop Head Office Building in Kuala Lumpur

Affin Bank Berhad (AFFINBANK or Bank) announced its strategic plan to develop its very own Head Office building with the purchase of a plot of land in a prime location in Kuala Lumpur. With a land area of 54,266 sq ft and Gross Floor Area (GFA) of 823,439 sq ft, the property in the Tun Razak Exchange has been earmarked for an international class Grade A, 35-storey office building development with 830 parking bays. For the purchase price of MYR 255 million, the price per GFA is MYR 309.67 per sq ft with the plot ratio at 15.2 times. Terms of payment will be 10% deposit and the balance 90% of the purchase price to be paid upon presentation of the registration of title. The plan to develop a new head office is a part of the strategic initiative to cater to future expansion in line with the corporate plan and to take the Bank (and AFFIN Group) to the next wave of growth. The new AFFIN head office will also benefit the staff since the area is more accessible with connection to major highways, and is convenient with the MRT interchange station.

Affin Holdings Bhd Reports Unaudited Group and Company Earnings Results for the First Quarter Ended March 31, 2015

Affin Holdings Bhd reported unaudited group and company earnings results for the first quarter ended March 31, 2015. The group pre-tax profit dropped to MYR 48.55 million in the first quarter ended March 31, 2015 from MYR 185.65 million in the same quarter last year. Its revenue, however, surged to MYR 448.93 million from MYR 371.1 million previously. Despite an increase in Islamic banking income and other operating income, the group's results for the quarter were worse than the preceding year's corresponding quarter mainly due to higher allowance for loan impairment as a result of a one-off provisioning attributable to the commercial banking arm. Net interest income was MYR 215.024 million against MYR 218.982 million a year ago. Operating profit was MYR 55.768 million against MYR 197.175 million a year ago. Profit for the financial year attributable to equity holders of the company was MYR 30.085 million against MYR 142.728 million a year ago. Basic earnings per share was 1.55 sen against 9.55 sen a year ago. Net cash used in operating activities was MYR 1,781.547 million against MYR 2,044.663 million a year ago. Purchase of intangible assets was MYR 618,000 against MYR 150,000 a year ago. The drop in PBT was mainly due to higher allowance for loan impairment (net of recoveries) of MYR 130.4 million and higher overhead expenses of MYR 88.6 million, net of the increase in other operating income and Islamic banking income of MYR 76.3 million of MYR 5.5 million respectively. For the quarter, the company’s net interest income was MYR 9.217 million against MYR 11.757 million a year ago. Operating profit was MYR 73.458 million against MYR 124.409 million a year ago. Profit before taxation was MYR 62.758 million against MYR 113.830 million a year ago. Net profit for the financial year attributable to equity holders of the company was MYR 62.545 million against MYR 113.484 million a year ago.

 

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Valuation AHB Industry Range
Price/Earnings 7.6x
Price/Sales 2.2x
Price/Book 0.5x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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