Affin Holdings Bhd

Type: Company
Name: Affin Holdings Bhd
First reported Sep 19 2014 - Updated Sep 20 2014 - 6 reports

Affin unit plans to buy over AIIM

PETALING JAYA: Affin Holdings Bhd’s asset management arm has proposed an acquisition of the entire interest in the Asian Islamic Investment Management Sdn Bhd (AIIM) for RM23mil.The exercise entailed the acquisition by Affin Hwang Asset Management Bhd ... [Published thestar.com.my - Sep 20 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

Analysts see better H2 earnings momentum in banking sector

PETALING JAYA: The banking sector saw an "unexciting" second quarter where loan growth was soft while non-interest income was still subdued but analysts are expecting a better second half of the year on expectations of a pickup in lending, capital market ... [Published The Sun Daily - Sep 04 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

Public Bank, HLFG top picks for Alliance DBS Research

KUALA LUMPUR: Public Bank and Hong Leong Financial Group (HLFG) are Alliance DBS Research’s top picks in the banking sector after the results disappointment in the quarter ended June 30, 2014.“We continue to like banks with defensive earnings and consistent ... [Published thestar.com.my - Sep 04 2014]
First reported Aug 25 2014 - Updated Aug 26 2014 - 1 reports

Boustead Holdings net profit fall 26% to RM45.3m

PETALING JAYA: Boustead Holdings Bhd's second quarter earnings dropped 25.9% to RM45.3 million from RM61.2 million a year ago largely due to lower earnings from the plantation division, a higher effective tax rate, and a softer quarter for associate, ... [Published The Sun Daily - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 2 reports

AllianceDBS: More room for bank mergers and acquisitions

AllianceDBS believes a proposed merger of Maybank and BIMB Holdings Bhd is conceivable, as both entities would be able to leverage on their leading positions in Islamic banking. — AFP pic KUALA LUMPUR, Aug 25 — There is still room for mergers and acquisitions ... [Published Malay Mail - Aug 25 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

AMMB: Merger and acquisition pool shrinking

KUALA LUMPUR: AMMB Holdings Bhd is still open to merger and acquisition (M&A) opportunities, but admits that the pool is getting smaller.This is in light of the recent mega merger proposal involving CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia ... [Published thestar.com.my - Aug 22 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Affin posts lower-than-expected non-interest income in 1H

A + A - Reset Affin Holdings Bhd(Aug 18, RM3.42)Maintain hold with target price of RM3.70: Affin’s earnings for the first half ended June 30 of financial year 2014 (1HFY14) were only 40% of our FY14F earnings due to lower-than-expected non-interest i ... [Published Malaysia Edge - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 1 reports

#Stock Focus* Analysts slash Affin's earnings forecasts, TP after lower 2Q results

A + A - Reset KUALA LUMPUR (Aug 18): Affin Holdings Bhd’s lower net profit of RM111.99 million in the second quarter ended June 30, 2014, largely came in below forecasts, leading to cuts in target price (TP) by most analysts.Last week, the banking and ... [Published Malaysia Edge - Aug 18 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Affin Holdings’ H1 net income slips to RM257.7m

KUALA LUMPUR: Affin Holdings Bhd’s net profit eased to RM257.7 million in the half year ended June 30, from RM310.1 million a year ago.The group, however, recorded a 12 per cent increase in revenue to RM1.67 billion, from RM1.48 billion registered pr ... [Published New Straits Times - Aug 15 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Affin Holdings Q2 earnings fall on higher impairments

KUALA LUMPUR: Affin Holdings Bhd's earnings fell 29.6% to RM111.99mil in the second quarter ended June 30, 2014 from RM159.30mil a year ago on higher allowance for impairment on loans, advances and financing and also higher finance costs.The banking group ... [Published thestar.com.my - Aug 15 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

#Highlight* Affin’s 2Q net profit falls 30% y-o-y to RM112 million

A + A - Reset KUALA LUMPUR (Aug 15): Affin Holdings Bhd’s net profit for the second quarter ended June 30 fell 30% to RM111.99 million, from RM159.31 million a year ago, despite posting a higher revenue.Revenue rose 19% to RM904.46 million from RM757.12 ... [Published Malaysia Edge - Aug 15 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Affin pre-tax profit and zakat drop to RM347.8 mil

Affin Holdings Bhd’s pre-tax profit and zakat for the first half year ended June 30, 2014 decreased to RM347.8 million from RM422.4 million registered in the corresponding period last year. Revenue, however, rose to RM1.67 billion, during the period under ... [Published KiniBiz - Aug 15 2014]
Entities: Affin Holdings Bhd

Quotes

"The deal will make AIIM a wholly-owned unit of Affin Hwang AM in line with the objective of creating an integrated fund management company" Affin Holdings said in a filing to Bursa Malaysia here today
"Corporate pipelines remained healthy and this will help support corporate loan draw downs in the quarters ahead."
"Essentially, contributions to the Group's bottom line will improve once progress billings for this project are accelerated" it said
"We think a proposed merger of Maybank Islamic and BIMB would be more appealing when it comes to creating a truly mega Islamic bank" it added

More Content

All (39) | News (35) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Affin unit plans to buy over AIIM [Published thestar.com.my - Sep 20 2014]
AFFIN Holdings Bhd proposes acquisition of enti... [Published Reuters - Sep 19 2014]
Affin arm buys entire stake in AIIM [Published New Straits Times - Sep 19 2014]
Affin Hwang to buy 100pc of Asian Islamic Inves... [Published Malay Mail - Sep 19 2014]
Affin-Hwang to buy 100% of Asian Islamic Invest... [Published KiniBiz - Sep 19 2014]
Affin Hwang To Buy 100 Per Cent Of Asian Islami... [Published Bernama - Sep 19 2014]
Analysts see better H2 earnings momentum in ban... [Published The Sun Daily - Sep 04 2014]
Public Bank, HLFG top picks for Alliance DBS Re... [Published thestar.com.my - Sep 04 2014]
AmFraser sale won’t affect AMMB [Published thestar.com.my - Aug 30 2014]
RAM Ratings upgrades Affin Bank, HwangDBS and B... [Published RAM - Aug 26 2014]
Boustead Holdings net profit fall 26% to RM45.3m [Published The Sun Daily - Aug 25 2014]
AllianceDBS: More room for bank mergers and acq... [Published Malay Mail - Aug 25 2014]
More Room For Bank M&A Says AllianceDBS [Published Bernama - Aug 25 2014]
Is Bank Islam the next merger target? [Published thestar.com.my - Aug 23 2014]
AMMB: Merger and acquisition pool shrinking [Published thestar.com.my - Aug 22 2014]
Affin posts lower-than-expected non-interest in... [Published Malaysia Edge - Aug 19 2014]
CIMB Research retains Reduce on Affin [Published thestar.com.my - Aug 18 2014]
#Stock Focus* Analysts slash Affin's earnings f... [Published Malaysia Edge - Aug 18 2014]
Affin Holdings’ H1 net income slips to RM257.7m [Published New Straits Times - Aug 15 2014]
Affin Holdings Q2 earnings fall on higher impai... [Published thestar.com.my - Aug 15 2014]
#Highlight* Affin’s 2Q net profit falls 30% y-o... [Published Malaysia Edge - Aug 15 2014]
#Stocks to Watch* Affin, PMB, Sime Darby, IOI C... [Published Malaysia Edge - Aug 15 2014]
Affin pre-tax profit and zakat drop to RM347.8 mil [Published KiniBiz - Aug 15 2014]
Affin Bhd : TRANSACTIONS (CHAPTER 10 OF LISTING... [Published 4 Traders - Aug 15 2014]
Affin streamlines asset management, unit sold t... [Published thestar.com.my - Aug 15 2014]
Affin eyes additional profit of RM43 million a ... [Published The Malaysian Insider :: Business - Apr 08 2014]
Affin eyes additional profit of RM43 million a ... [Published The Malaysian Insider - Apr 08 2014]
Affin FY2013 pre-tax profit rises to RM854.2 mi... [Published The Malaysian Insider - Feb 26 2014]
Affin FY2013 pre-tax profit rises to RM854.2 mi... [Published The Malaysian Insider :: Business - Feb 26 2014]
Affin in exclusive talks to buy Hwang-DBS&#8217... [Published The Malaysian Insider :: Business - Sep 04 2013]
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Affin eyes additional profit of RM43 million a ... [Published The Malaysian Insider - Apr 08 2014]
Affin Holdings Bhd (Affin) is targeting an additional profit before tax (PBT) contribution of RM43 million annually from 2018 onwards upon its successful acquisition of four entities of Hwang-DBS.Affin managing director Maimoonah Hussain said between ...
Affin FY2013 pre-tax profit rises to RM854.2 mi... [Published The Malaysian Insider - Feb 26 2014]
Affin Holdings Bhd's pre-tax profit rose  by 3.3% to RM854.2 million for the financial year ended December 31, 2013 as compared to RM826.7 million in the same period last year.The improved performance was mainly due to the increase in interest income ...
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