Protracted Sarawak-Affin deal a positive sign

Affin Bank’s share price is up 35% year to date. While it remains a relatively cheap stock considering it is trading at approximately 0.6 times its book value, the recent uptick is likely driven by Sarawak's entry into the stock and the potential strategic implications of this development. — MUHAMAD SHAHRIL ROSLI/The Star

THAT it is taking some time for Sarawak to conclude its purchase of a big stake in Affin Bank Bhd is a positive sign that due process is being adhered to.

The world over, one of the most strictly regulated segments of business is banking, simply because banks will always be the artery of the economy. Banks are often described as such, stemming from their crucial role in facilitating financial transactions, providing credit and supporting economic growth.