Company Overview and News
Moving forward, Affin said its capital position is expected to be further strengthened by its corporate exercise to unlock more value for shareholders and provide better returns.
MarketWatch: US stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy. The DJIA rose 152.51 points, or 0.68%, to 22,557.6, the S&P 500 gained 9.76 points, or 0.39%, to 2,529.12 and the Nasdaq added 20.76 points, or 0.32%, to 6,516.72. - Reuters (34-1)
In its latest announcement on the reorganisation, AHB told Bursa Malaysia that it and Affin Bank had inked a share sale agreement (SSA) to transfer the entire shareholdings held by AHB in four companies to Affin Bank (4-1)
MarketWatch: The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session. The DJIA rose 63.01 points, or 0.28%, to 22,331.35, the S&P 500 gained 3.64 points, or 0.15%, to 2,503.87 and the Nasdaq added 6.17 points, or 0.1 percent, to 6,454.64. - Reuters (89-0)
Tags / Keywords: M&A , Insurance , Banking , Affin Holdings Bhd , AXA Affin General Insurance Bhd
Tags / Keywords: Corporate News , Banking , Affin Holdings Bhd , AXA Affin General Insurance Bhd
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is “positive” with the latest announcement by Affin Holdings Bhd that it has obtained regulatory approval to transfer listing to Affin Bank.
KUALA LUMPUR: Affin Holdings Bhd has received approvals from the Finance Minister and Bank Negara to proceed with the banking group’s proposed reorganisation.
WITH the ongoing merger talks between RHB Bank Bhd and AMMB Holdings Bhd, coupled with Bank Negara’s push for the institutionalisation of banks, the question of which banks will be the next merger and acquisitions (M&A) candidates has resurfaced.
KUALA LUMPUR, May 26 ― Affin Holdings Bhd’s pre-tax profit for the first quarter ended March 31, 2017 rose to RM161.5 million from RM152.7 million in the same period last year.
chief executive officer Datuk Seri Zukri Samat (pic) said: "“We are currently working on the details of BIMB’s restructuring. We are now in the midst of reviewing the structure and will decide on the best way to go forward.".
KUALA LUMPUR, April 24 — Affin Holdings Bhd (AHB) posted an increase of 43.4 per cent in profit before tax after zakat (PBT) to RM737.7 million for the financial year ended 31 Dec 2016.
KUALA LUMPUR (March 9): Banking stocks on Bursa Malaysia slipped on profit-taking this morning, as analysts issued positive notes on the sector’s improved performance in the last financial quarter for the year ended December 2016 (4QFY16).
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