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Affin Holdings Bhd

Type: Company

Name: Affin Holdings Bhd

First reported May 22 2013 - Updated May 22 2013 - 1 reports

MALAYSIA: Affin Holdings net profit down in the first quarter

MALAYSIA: Affin Holdings, the parent company of Affin Islamic Bank, has registered a decrease in net profit to RM150.83 million (US$49.96 million) in the quarter ended the 31st March, from RM166.03 million (US$54.99 million) the year before, due to lower ... [Published Islamic Finance News - May 22 2013]

Entities: Affin Holdings Bhd, Net Profit, Malaysia

First reported May 21 2013 - Updated May 22 2013 - 2 reports

Affin sees lower 1Q contribution from associates

Reset AFFIN HOLDINGS BHD [](May 21, RM4.40)Downgrade to neutral at RM4.51 with a revised target price of RM4.78 (from RM4.13): Affin’s results for the first quarter ended March of 2013 financial year (1QFY13) came in within our and consensus expectations. ... [Published Malaysia Edge - May 22 2013]

Entities: Affin Holdings Bhd, Net Earnings, Share Price, General Election

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Affin's Share Slides On Lower Earnings Result

KUALA LUMPUR, May 21 (Bernama) -- Affin Holdings Bhd's shares declined sharply today following yesterday's announcement of a decline in profit for its first quarter.As at 12.12 pm, Affin's share lost 14 sen to RM4.37 with 1.51 million shares transacted ... [Published Bernama - May 21 2013]

Entities: Affin Holdings Bhd, Stocks, Kuala Lumpur

First reported May 20 2013 - Updated May 21 2013 - 1 reports

Affin Holdings 1Q net profit falls 9.2%

Reset KUALA LUMPUR (May 20): AFFIN HOLDINGS BHD []) posted a net profit of RM150.8 million for the first quarter of 2013 (FY13), down 9.2% year-on-year.But its revenue rose 2.2% year-on-year to RM732.8 million.“The lower profit was mainly due to lower ... [Published Malaysia Edge - May 20 2013]

Entities: Affin Holdings Bhd, Net Profit, Kuala Lumpur, Earnings Per Share

First reported May 21 2013 - Updated May 21 2013 - 2 reports

Affin’s share slides on lower earnings result

KUALA LUMPUR, May 21 — Affin Holdings Bhd’s shares declined sharply today following yesterday’s announcement of a decline in profit for its first quarter. As at 12.12pm, Affin’s share lost 14 sen to RM4.37 with 1.51 million shares transacted and was one ... [Published The Malaysian Insider :: Business - May 21 2013]

Entities: Affin Holdings Bhd, Stocks, Kuala Lumpur

First reported May 20 2013 - Updated May 21 2013 - 3 reports

Mohd Zahidi bin Haji Zainuddin

Affin posts lower 1Q net profit

Reset KUALA LUMPUR: AFFIN HOLDINGS BHD [] recorded RM150.83 million in net profit for the first quarter of 2013 financial year ending Dec 31 (1QFY13), a 9.1% drop from RM166.03 million registered in the previous corresponding period.Revenue, however, ... [Published Malaysia Edge - May 21 2013]

Entities: Net Profit, Affin Holdings Bhd, AXA Affin General Insurance, Mohd Zahidi bin Haji Zainuddin

First reported May 21 2013 - Updated May 21 2013 - 1 reports

M & A Securities maintains Hold on Affin, fair value RM4.20

Reset KUALA LUMPUR (May 21): M & A Securities research has maintained Hold on Affin Holdings Bhd with a fair value of RM4.20 after the company posted a net profit of RM150.8 million for the first quarter of 2013 (FY13), down 9.2% year-on-year.Affin’s ... [Published Malaysia Edge - May 21 2013]

Entities: Mergers & Acquisitions, Affin Holdings Bhd, Kuala Lumpur, Net Profit

First reported May 20 2013 - Updated May 21 2013 - 2 reports

Affin Holdings Q1 profit slips to RM150.8mil

PETALING JAYA: 's net profit for its first quarter ended March 31 slipped to RM150.83mil from RM166.03mil a year earlier, mainly due to a reduced share of results in an associate and a lower write-back of securities impairment.The company told Bursa Malaysia ... [Published thestar.com.my - May 21 2013]

Entities: Affin Holdings Bhd, AXA Affin General Insurance, Net Profit

First reported May 20 2013 - Updated May 20 2013 - 2 reports

Affin reports lower Q1 profit

KUALA LUMPUR, May 20 – Affin Holdings Bhd registered a lower pre-tax profit of RM203.5 million for the first quarter ended March 31, 2013, against RM213.9 million reported during the same quarter last year. In contrast, revenue for the three-month period ... [Published The Malaysian Insider - May 20 2013]

Entities: Affin Holdings Bhd, Kuala Lumpur

First reported May 16 2013 - Updated May 17 2013 - 1 reports

AMMB to complete due diligence for HwangDBS buy in 2 weeks

): AMMB Holdings Bhd (AmBank Group) expects to complete its due diligence on the proposed acquisition of HwangDBS Investment Bank Bhd in two weeks, said its group managing director Ashok Ramamurthy (pix). "It's still under way... we're doing our due diligence ... [Published The Sun Daily - May 16 2013]

Entities: AmBank Group, Due Diligence, Kurnia Insurans

First reported May 06 2013 - Updated May 07 2013 - 3 reports

Election uncertainties go, rerating comes

Reset Banking sectorUpgrade to overweight: We tactically downgraded our recommendation for the domestic banking sector to “neutral” late last year, premised on: (i) rising external uncertainties yielding negative earnings surprises for banks with significant ... [Published Malaysia Edge - May 07 2013]

Entities: Elections, Mergers & Acquisitions, Hwang-Dbs (M) Bhd, Overweight

First reported May 06 2013 - Updated May 06 2013 - 1 reports

In new phase banking mergers and acquisitions will be at a higher price

THAT the banking sector is entering a new wave of mergers and acquisitions (M&As) would be stating the obvious. But what the new M&A phase would likely result in is new pricing benchmarks.Financial institutions will possibly be bought and sold at higher ... [Published thestar.com.my - May 06 2013]

Entities: Hwang-Dbs (M) Bhd, Mergers & Acquisitions, RHB Capital Bhd, Aabar Investments PJSC, Public Bank Bhd

Quotes

"The bank would continue to ensure that loan portfolio is well managed through proactive account management" it said

Affin Holdings Q1 profit slips to RM150.8mil [Published thestar.com.my - May 21 2013]

"Gross domestic product growth for Malaysia. which has been projected to be between 5% and 6% for 2013, should bode well for Affin Group as we look forward to capitalise on the burgeoning domestic demand" he said in a filing with Bursa Malaysia yesterday

Affin Q1 net profit down 9% [Published The Sun Daily - May 20 2013]

"We are in the midst of completing the acquisition of PT Persada Kencana Prima" he said, adding that the deal which involved 11,837 hectares of land in Kalimantan will be completed next month

#Stocks To Watch* MAHB, TSH, TH Plant, Affin, Daya, KPS, Fajarbaru, Alcom, Instacom, Sino Hua-Ann [Published Malaysia Edge - May 20 2013]

...due diligence on the proposed acquisition of HwangDBS Investment Bank Bhd in two weeks, said its group managing director Ashok Ramamurthy (pix). "It's still under way... we're doing our due diligence as we speak. Sometime over the next two weeks we would complete that and inform what the valuations are for it and then make a recommendation to our board of directors). The next two weeks are critical for us" he told a news conference to announce the group's results for the financial year ended March 31, 2013 (FY13) here yesterday

AMMB to complete due diligence for HwangDBS buy in 2 weeks [Published The Sun Daily - May 16 2013]

More Content

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MALAYSIA: Affin Holdings net profit down in the... [Published Islamic Finance News - May 22 2013]
Affin sees lower 1Q contribution from associates [Published Malaysia Edge - May 22 2013]
Affin's Share Slides On Lower Earnings Result [Published Bernama - May 21 2013]
#Hot Stock* Affin top decliner, falls 4% on wea... [Published Malaysia Edge - May 21 2013]
Affin’s share slides on lower earnings result [Published The Malaysian Insider :: Business - May 21 2013]
Affin’s share slides on lower earnings result [Published The Malaysian Insider - May 21 2013]
Affin posts lower 1Q net profit [Published Malaysia Edge - May 21 2013]
M & A Securities maintains Hold on Affin, fair ... [Published Malaysia Edge - May 21 2013]
Affin Holdings Q1 profit slips to RM150.8mil [Published thestar.com.my - May 21 2013]
Affin Q1 net profit down 9% [Published The Sun Daily - May 20 2013]
Affin Holdings nets RM150.8m in first quarter [Published Business Times Malaysia - May 20 2013]
Affin reports lower Q1 profit [Published The Malaysian Insider - May 20 2013]
Affin reports lower Q1 profit [Published The Malaysian Insider :: Business - May 20 2013]
#Stocks To Watch* MAHB, TSH, TH Plant, Affin, D... [Published Malaysia Edge - May 20 2013]
Affin Q1 earnings decline on lower share from a... [Published thestar.com.my - May 20 2013]
Affin Holdings 1Q net profit falls 9.2% [Published Malaysia Edge - May 20 2013]
AMMB to complete due diligence for HwangDBS buy... [Published The Sun Daily - May 16 2013]
MARC affirms its AAA(bg) rating on Boustead Hol... [Published Zawya.com - May 13 2013]
Election uncertainties go, rerating comes [Published Malaysia Edge - May 07 2013]
Banking sector outlook bright amid renewed conf... [Published Borneo Post Online - May 07 2013]
Banking stocks to catch-up with regional peers [Published The Sun Daily - May 06 2013]
In new phase banking mergers and acquisitions w... [Published thestar.com.my - May 06 2013]
Affin denies takeover by AMMB [Published The Malaysian Insider :: Business - Apr 23 2013]
Affin denies takeover by AMMB [Published The Malaysian Insider - Apr 23 2013]
Affin Optimistic Of Winning Bid To Acquire Inve... [Published Bernama - Apr 22 2013]
Affin optimistic winning HwangDBS bid [Published Business Times Malaysia - Apr 22 2013]
Affin optimistic about winning bid to acquire H... [Published The Malaysian Insider - Apr 22 2013]
Affin optimistic about winning bid to acquire H... [Published The Malaysian Insider :: Business - Apr 22 2013]
Affin Optimistic Of Winning Bid To Acquire Hwan... [Published Bernama - Apr 22 2013]
#Update* Affin denies rumours of takeover talks... [Published Malaysia Edge - Apr 22 2013]