ANALYST REPORTS Affin Holdings Bhd
By TA Securities Buy (initiating coverage) Target price: RM4.40
AFFIN Bank is the seventh largest anchor bank in the country with an asset size of RM56.6mil and is supported by 97 bank branches in the country. The largest pre-tax profit contributor to Affin Holdings Bhd (AHB) in the financial year ended Dec 31, 2011 (FY11) was commercial banking and hire purchase via Affin Bank followed by its investment banking activities.
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