Friday, 14 January 2011

A Brief Look at Affin Holdings Bhd.

Affin Holdings Berhad Company

Business Description:
Affin Holdings Berhad is an investment holding company. It operates in five segments:

  1. commercial banking and hire purchase, 
  2. investment banking, 
  3. stock-broking, 
  4. insurance and 
  5. others. 
The Commercial Banking and Hire Purchase segment focuses on business of banking in all aspects which includes Islamic Banking operations. Investment banking segment includes business of a merchant bank, discount house, fund and unit trusts management. Stock-broking segment comprises institutional and retail broking business for securities listed on the Bursa Malaysia Securities Berhad, investment management and research services. The insurance segment includes the business of underwriting all classes of general and life insurance businesses in Malaysia. Other business segments in the Group include operation of investment holding companies, money-broking, insurance-broking and other related financial services. Operations are carried out in Malaysia.



Current Price (7/1/2011): 3.39
2009 Sales 1,885,694,000
Employees: 3,528
Market Cap: 5,066,612,640
Shares Outstanding: 1,494,576,000
Closely Held Shares: 1,160,222,910

2004 DPS 0.4 EPS 26.5
2005 DPS 2.2 EPS 19.5
2006 DPS 2.9 EPS 18.1
2007 DPS 3.7 EPS 16.9
2008 DPS 5.9 EPS 19.6
2009 DPS 6.4 EPS 24.9
9M10 DPS 9.0 EPS 24.23 NTA 3.46

Estimated EPS for 2010 = 24.23*4/3 = 32.31 sen
Projected PE for 2010 = 3.39/0.3231 = 10.5 x

Historical
5 Yr
PE range 7.6 - 13.0
DY range 3.5% - 1.9%

10 Yr
PE range 7.3 - 12.0
DY range 2.1% - 1.2%




Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
26-Nov-1031-Dec-10330-Sep-10597,821115,0157.70-
20-Aug-1031-Dec-10230-Jun-10534,605111,7067.48-
31-May-1031-Dec-10131-Mar-10520,025135,3329.06-
25-Feb-1031-Dec-09431-Dec-09510,40984,1705.63-






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