Thursday, September 29, 2011

Affin Holdings Bhd


Affin Holdings looks very attractive to me at current valuation.

Price = RM2.46
PE = 7.6
NTA = RM3.48

Not so crazy about their ROE and customer loan breakdown. Though we are expecting a slower growth of loan in next few quarter due to gloomy outlook in global and domestic market but i think their share has been over punished to a unreasonable valuation. Trading buy?



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