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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Analysts Anticipate CASA Surge for Affin Bank After Sarawak Government Increases Stake

 

Analysts are forecasting a significant boost in Affin Bank Bhd's deposits following the Sarawak government's decision to increase its ownership stake in the bank to 31%, making it the largest shareholder. This move is expected to enhance the bank's current account and savings account (CASA) contributions.

CIMB Securities upgraded its fair value estimate for Affin Bank to RM4.30, up from RM4.00, while maintaining a “buy” recommendation. The firm anticipates new CASA contributions of at least RM4 billion in FY2025, allowing the bank to release more expensive fixed deposits.

TA Securities echoed this optimism, noting that Affin Bank's strategic positioning as a financing vehicle for the Sarawak government could provide significant opportunities in loan growth, advisory roles, and infrastructure projects. Additionally, the expected salary increases for Sarawak’s civil servants could boost the bank’s CASA deposit base.

Affin Bank is also set to benefit from the Sarawak-Malaysia My Second Home Programme, which could attract affluent foreign residents, enhancing its wealth management division.

However, MIDF Research expressed caution, maintaining a "sell" recommendation, noting that Affin's current valuation, trading at 0.6x price-to-book value (P/BV), is above its five-year historical average of 0.34x. MIDF believes that while the Sarawak government’s stake increase will positively impact deposits, the benefits may take time to materialize. Additionally, Affin faces challenges, including cost pressures from enhancing its digital capabilities and expanding its presence in Sarawak.

At the time of writing, Affin Bank’s shares were down nine sen or 3.1% at RM2.86, valuing the bank at RM6.9 billion.

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