Affin Bank AFIN.KL ABANK MK EQUITY: FINANCIALS Deteriorating asset quality Maintain Neutral, TP cut to MYR2.40 2Q26 in line with our forecasts, but below consensus estimates: Affin's 2Q26 net profit at MYR128mn was down 6% q-q and down 11% y-y, and 1H26 net profit formed 50% and 46% of our previous forecast and the Bloomberg consensus estimate, respectively ( Fig. 1 ). The sequential earnings decline was due to lower NIM, lower NOII and higher credit cost, while opex was flat q-q. Uncertain on FY26E guidanc ...