Showing posts with label Affin. Show all posts
Showing posts with label Affin. Show all posts

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?