AFFIN BANKING UNDERVALUE BANKING GEM NOT TO BE MISSED
1) Beneficiary increase of OPR rate
Bank Negara expected to increase OPR rate this year. So profit expected to increase going forward.
2) Lower impairment loss on loan
With recovery of economy, expected lower impairment loss on loan and higher write back of impairment provided.
3) Growth in loan
Valuation and financial position
PE at 7.46. PE expected to decrease further if earning improved after OPR rate increase.
High dividend yield of 6.79% assume final dividend approved this year.
Technical
Banking sector above 200 moving average with mean very bullish
https://klse.i3investor.com/web/blog/detail/affin/2022-03-24-story-h1620440762-AFFIN_BANKING_UNDERVALUE_BANKING_GEM_NOT_TO_BE_MISSED
Videos
