AliceA
voted
The Chinese market has attracted increased attention in global markets, accompanied by rising volatility as more capital seeks to capitalize on potential opportunities largely driven by government measures. This environment led to a sharp rebound at the end of September, just before the National Holiday.
A specific example of this volatility: after two days of significant declines, the Chinese stock market rebounded...
A specific example of this volatility: after two days of significant declines, the Chinese stock market rebounded...
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AliceA
commented on
$AFFIN (5185.MY)$ Have a great start to October! Don't disappoint me.
Translated
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$AFFIN (5185.MY)$
CIMB Securities has raised its target price for Affin Bank Bhd, anticipating that the Sarawak state government will deposit around RM4 billion into the bank next year. This follows the Sarawak government’s acquisition of a 31% stake in Affin, making it the largest shareholder. The research firm expects this move to improve Affin’s financial position by increasing its current account savings account (CASA) deposits and reducing reliance on more expensive fixed deposits. The target price for Affin has been upgraded to RM4.30 from RM4, with a “Buy” recommendation maintained
CIMB Securities has raised its target price for Affin Bank Bhd, anticipating that the Sarawak state government will deposit around RM4 billion into the bank next year. This follows the Sarawak government’s acquisition of a 31% stake in Affin, making it the largest shareholder. The research firm expects this move to improve Affin’s financial position by increasing its current account savings account (CASA) deposits and reducing reliance on more expensive fixed deposits. The target price for Affin has been upgraded to RM4.30 from RM4, with a “Buy” recommendation maintained