欢迎进Allbet欧博官网,欧博官网是欧博集团的官方网站。Allbet欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

首页社会正文

usdt接口:Quick take: Bumper dividend lifts Affin Bank

admin2022-10-3020

欧博官方网站登录www.aLLbet8.vip)是欧博集团的官方网站。欧博官方网站登录开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

KUALA LUMPUR: Shares of Affin Bank Bhd rose over 9% in early trade Wednesday after it declared a special dividend amounting to RM400.21mil and an interim dividend of RM100.22mil.The counter jumped 19 sen or 9.41% to RM2.21 at 10.35 am. Year-to-date, the banking group has appreciated by over 27%.Affin said the special dividend proposal follows its divestment in Affin Hwang Asset Management Bhd by its unit Affin Hwang Investment Bank Bhd to Starlight Asset Sdn Bhd which was announced earlier in the year.CGS-CIMB Research, in a report, said the size of the special dividend was smaller than its estimate of 22 sen per share.The special dividend translates to an additional dividend yield of 8.9% for FY22.“On the same date, Affin also declared an interim DPS of 4.5 sen. Altogether, the total dividend per share (DPS) declared was 22.5 sen, slightly higher than our previous DPS projection of 21 sen for FY22F. This translated to a bumper dividend yield of 11.1% for FY22F,” CGS-CIMB said.The research house has raised its FY22F DPS forecast for Affin from 21 sen to 22.5 sen to match the total DPS declared on 18 Oct.“Meanwhile, we also increase our DDM-based target price (TP) from RM2.31 to RM2.44 following the rollover of our valuation to end-2023F,” it said.CGS-CIMB said the special dividend (that lifts its FY22 dividend yield to an enticing 11.1%) and its strongest loan growth in the sector, are the potential re-rating catalysts that underpin its “add” call on Affin Bank.“We project a turnaround in Affin’s core EPS growth from a decline of 19.4% in FY22F to an expansion of 23.1% in FY23F,” it said.It added that the earnings drivers in FY23F would be the absence of Cukai Makmur taxation that will lower its effective tax rate from 31.7% in FY22F to a normalised 24% in FY23F, and its projection of a 9.8% drop in FY23F loan loss provisioning.


转载说明:本文转载自Sunbet。,

usdt接口www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

网友评论

最新评论

热门标签