Highlights
KLSE: MBSB (1171)       MALAYSIA BUILDING SOCIETY BHD Main : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.35   -0.01 (0.74%)  1.33 - 1.36  4,904,700
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 7,816 Million
NOSH: 5,790 Million
Avg Volume (4 weeks):8,680,473
4 Weeks Range:1.27 - 1.38
4 Weeks Price Volatility (%):
72.73%
52 Weeks Range:0.685 - 1.38
52 Weeks Price Volatility (%):
95.68%
Average Price Target: 1.18
Price Target Upside/Downside: -0.17

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  24-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  08-Aug-2017
T4Q P/E | EY: 29.18  |  3.43%
T4Q DY | Payout %: 2.22%  |  64.94%
T4Q NAPS | P/NAPS: 1.1786  |  1.15
T4Q NP Margin | ROE: 8.18%  |  3.93%

Market Buzz

Date Type Subject
21-Jun-2017 Blog TRADING BUY MBSB (1171)
20-Jun-2017 Blog Mplus Market Pulse - 20 Jun 2017
20-Jun-2017 Blog PublicInvest Research Headlines - 20 Jun 2017
22-Jun-2017 Additional Listing DIVIDEND REINVESTMENT PLAN - 125,644,042 shares at 1.150.
22-Jun-2017 Forum 15 New Comments

Headlines

Latest Headlines
21/06/2017  TRADING BUY MBSB (1171)
20/06/2017  Mplus Market Pulse - 20 Jun 2017
20/06/2017  PublicInvest Research Headlines - 20 Jun 2017
02/06/2017  Daily Market Update - 2 Jun 2017 (MIECO, MBSB)
25/05/2017  Malaysia Building Society - Marginal improvement in asset quality
25/05/2017  MBSB (HOLD, upgrade) - A reason to upgrade, still in recovery mode
25/05/2017  MBSB - Major Surprise In Earnings
25/05/2017  Mplus Market Pulse - 25 May 2017
15/05/2017  PublicInvest Research Headlines - 15 May 2017
15/05/2017  Mplus Market Pulse - 15 May 2017
02/04/2017  马屋业仍有上涨空间?
21/03/2017  UPDATE: TAKE PROFIT - MBSB (1171)
21/03/2017  Daily technical highlights - (MBSB, HALEX)
23/02/2017  Malaysia Building Society - Impairment Continues into 2017
22/02/2017  MBSB - Within Expectation
02/02/2017  Technical Buy: MBSB (1171)
31/01/2017  Daily Market Update - 31 Jan 2017 (DOLPHIN, MBSB)
18/01/2017  Daily technical highlights - (HALEX, MBSB)
17/01/2017  洽购AFB.股价涨20%.马屋业利好全面反映
17/01/2017  MBSB - Fairly Valued

Business Background

Malaysia Building Society Berhad is a Malaysia-based company. The Company is engaged in the granting of loans on the security of freehold and leasehold properties, and provision of retail financing and related services. The Company operates in four segments: financing, which is engaged in the granting of loans on the security of freehold and leasehold properties and provision of retail financing and related services; property development, which is engaged in the development of residential and commercial properties; letting of real property, which is engaged in the letting of office buildings, and hotel operations, which is engaged in the letting of hotel rooms, sale of food and beverage and other related income. Other business segments include project management and investment holding.
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  21 people like this.
 
Yip CH may reach 1.40 today
20/06/2017 14:58
Foon Lian Way @terrytsp thanks. may I know when is the date announce the result (failed or success)?

@AKUMAUKAYA you are share god ... hehe
20/06/2017 14:59
sitia tp 2
20/06/2017 15:10
musangfoxking then u can get free fresh tomato juice!
20/06/2017 15:13
xexlone wow difficult to jump even 1c.....
20/06/2017 15:19
musangfoxking sohai talking
20/06/2017 15:25
yhc9618 Qatar crisis could make MBSB-AFB merger a reality

EXPECTATIONS are running high that shareholders of Asian Finance Bank Bhd will agree to a sale of the Islamic bank to Malaysia Building Society Bhd (MBSB) ahead of a looming June 21 deadline.

According to sources, the crisis currently unfolding in Qatar — a result of Saudi Arabia and other Gulf countries cutting diplomatic ties with it — has put additional pressure on AFB’s largest shareholder, Qatar Islamic Bank (QIB), to sell its 66.67% stake.

The proposed plan involves MBSB buying AFB’s assets and liabilities in a deal that values the latter at a price-to-book value (PBV) of between 1.2 and 1.5 times, one of the sources says.

At this point, just two of AFB’s four Middle East shareholders — QIB and Financial Assets Bahrain WLL (6.67%) — have indicated they want to exit; the other two — RUSD Investment Bank Inc (16.67%) and Tadhamon International Islamic Bank (10%) — want shares in the enlarged banking entity, the source says.

As such, it is expected to be a deal that involves both cash and shares, with shares going to the shareholders that want to stay.

“Now, it’s just a matter of waiting for confirmation [from AFB] on pricing. That’s the only piece of information that’s needed before the parties can make their submissions to Bank Negara Malaysia. They expect to do it before the deadline,” the source tells The Edge.

Bank Negara on Dec 21 last year, gave the green light for MBSB, which is 60%-owned by the Employees Provident Fund (EPF), and AFB to hold merger talks. It allowed them six months to complete negotiations — hence, the June 21 deadline.

A merger of the two would create the country’s second largest standalone Islamic bank with total assets of RM47.81 billion, after Bank Islam Malaysia Bhd (RM53.5 billion).

It was initially expected that submissions would be made to Bank Negara last month, but AFB’s shareholders have been slow in responding on the pricing issue, the source says.

Nonetheless, there seems to be a strong degree of confidence that the MBSB-AFB merger will happen. “Given the crisis, if QIB doesn’t sell, how is it going to work together with the other Middle Eastern shareholders? As it is, they didn’t get along even before. It’s unlikely QIB will want to pump in more capital. And if QIB, as the big shareholder, sells, the others don’t really have a choice. That’s why I think this deal will happen,” an industry source points out.

QIB’s single largest shareholder is the Qatar Investment Authority. Last Monday, Saudi Arabia, Bahrain, Egypt and the United Arab Emirates cut diplomatic ties with Qatar, citing the latter’s support for Islamist groups as the reason. They have already cut air traffic to the small Gulf Arab state.

QIB had earlier already been unhappy with AFB’s other shareholders because it does have control over AFB despite its large stake, due to certain controversial provisions in a shareholders’ agreement. One of QIB’s frustrations is that it gets only one vote at AFB’s shareholder meetings, the same as each of the other three shareholders.

QIB and two other shareholders currently do not have any board representation at AFB, whereas before, they had as many as four. This is an indication that they are serious about selling their stakes, industry observers say.

After a long period without a CEO, AFB appointed Khalid Mahmood Bhaimia — former head of RHB Islamic Bank — to head the institution effective on March 21. Sources, however, indicate that he is on a short contract.

This is the second ongoing proposed banking merger involving the EPF. AMMB Holdings Bhd and RHB Bank Bhd, in which EPF is a common shareholder, obtained the central bank’s approval two weeks ago to start merger talks.

Non-bank lender MBSB is by far larger than AFB, with assets of RM45.27 billion as at end-2016 compared with AFB’s RM2.54 billion as at end-September last year. The main reason it is keen on acquiring AFB is to obtain the latter’s Islamic banking licence.

MIDF Research, in a report late last year, noted that since Malaysia’s banking sector has been trading below its five-year historical PBV of 1.3 times to 1.5 times, it would be fair for MBSB to pat 1.1 times to 1.2 times AFB’s nine-month book value of RM500.1 million for FY2016, to obtain a full banking licence. This would translate to a price of about RM550 million to RM600 million.

“While the expansion of profits and assets is likely to be immaterial, the proposed merger will benefit MBSB in another way. The full banking licence will enable MBSB to tap into new financial services segments which it cannot offer at the moment [such as trade facilities, collecting current account and savings account deposits, and offering other interbank instruments] to expand the business,” the research house said.

It all boils down to the parties agreeing on pricing now.

Working out a deal with AFB can be complicated because of the multiple sharehoQatar crisis could make MBSB-AFB merger a rea
20/06/2017 15:42
Force BNM fail the merger, everything sure gone. Don't too positive... only move a litter bit
20/06/2017 18:02
faz2623 force again。。。。。
20/06/2017 18:10
ImCK kwsp is holding heavy position in this mbsb
i cant see any reason for bank negara say no
kwsp win benefit to them also because they also have kwsp account
20/06/2017 18:11
faz2623 i think force is not a investor ,he just try to find somebody argue here
20/06/2017 18:12
LOO99 Ha..ha force the tanjung rambutan man forgot taking his medicine again. Now he is aimless walking around
20/06/2017 19:11
G-boy i like force...always stand at his point. haha..luckily he not head of bnm..
force is a loser in real life. haha
20/06/2017 19:21
musangfoxking head of BNM? how can a nonbrainer be!!! kikikiki
20/06/2017 19:24
LOO99 Yes..force is hopeless man. Never get up from past failure. Now his mind is full of fail..fail2..He is in the dark never see the light at the end of the tunnel. Actually he need a psy doctor to help him. Just pity him
20/06/2017 19:26
cyeec2000 Bank negara advocated banking consolidation and EPF is major shareholder in mbsb, the odds for cancellation is too small..force would be missed another chance
20/06/2017 19:28
AKUMAUKAYA Forget about Force, he/she is stirring up the emotion and looking for attention...just ignore him/her until he/she is certified sober....
20/06/2017 21:08
dxmovie Today the show continues?
21/06/2017 08:10
kevinobc http://english.astroawani.com/business-news/mbsb-aims-create-second-largest-islamic-bank-afb-146814
21/06/2017 09:38
kevinobc MBSB seeks BNM nod on AFB merger plans Posted on 20 June 2017 - 10:40am Lee Weng Khuen sunbiz@thesundaily.com Print PETALING JAYA: Malaysia Building Society Bhd (MBSB) has applied to Bank Negara Malaysia (BNM) for approval from the central bank and/or the Finance Ministry for its proposed merger with Asian Finance Bank Bhd (AFB). MBSB had in last December received nod for talks on the merger plan. “Further announcements shall be made upon receipt of the decision from BNM,” MBSB said in a filing with the stock exchange yesterday, without giving any further details of its plans. This is the furthest MBSB has managed to proceed with its merger plans after two failed proposed corporate exercises with Bank Muamalat in 2016 , and a three-way merger with CIMB Group Holdings Bhd and RHB Capital Bhd in 2015. The proposed merger will create the second largest Islamic bank in the country with total assets of around RM48 billion. MBSB aims to become an Islamic financial institution by 2020 through its merger with AFB. The full bank licence will allow MBSB to tap into new financial services segments which it cannot offer at the moment, such as trade facilities, collecting current account savings account (CASA) deposits and offering other interbank instruments to expand its business. AFB, a full-fledged Islamic bank that was incorporated in Nov 28, 2005, has a branch each in Kuala Lumpur and Johor Baru as well as a representative office in Jakarta, Indonesia according to its website. Analysts have expected that the deal would translate into a price of about RM550 million to RM600 million, based on 1.1 to 1.2 times premium of AFB’s nine-month book value of RM500.1 million for FY16. Merger talks have included negotiations with AFB’s Middle East shareholders – namely Qatar Islamic Bank (66.67%), RUSB Investment Bank Inc (16.67%), Tadhamon International Islamic Bank (10%) and Financial Assets Bahrain WLL (6.67%). The Employees Provident Fund (EPF) is the single largest shareholder of MBSB with a 65.28% stake.
21/06/2017 09:39
terrytsp 30 major shareholders such as EPF and other big banks already owned 85% of the company shares. Only 15% =86mil shares left for the public to buy. Haha. See the shareholdings. http://mbsb.listedcompany.com/shareholdings.html
21/06/2017 09:58
xexlone climb 1c oso difficult....
21/06/2017 11:00
musangfoxking down 1c oso difficult....
21/06/2017 11:05
LOO99 retailers cant move the price..but with institutional fund action will move the price easly when something positive happen. With full fledge banking, mbsb will climb to 3.00 in 2 years..
21/06/2017 12:12
socaisocai BNM already approve MBSB and AFB to discuss the merger.. now merger is done deal..MBSB just officially sent the application to BNM to proceed the next step. everything is well planned already.. cheapest Bank share in Msia RM1.30++ where to find!
21/06/2017 13:37
musangfoxking in Bursa lah!
21/06/2017 14:12
Bulat i still yet to see the annou. where to you get this approval infor. pls advise
21/06/2017 14:31
AKUMAUKAYA Approved to discuss only, the real merge still in the BNM's hands.....
21/06/2017 14:48
newbie1234 Tomorrow once money enter acc.. use the money to enter.
21/06/2017 15:29
terrytsp Market red is the best. Shopping time.
21/06/2017 15:38
Cornerstone really ah?? buy more pls...
21/06/2017 15:40
aliyusof Price holding on quite well. Surely there are weak or speculative retail investors who are in and out of market quickly, a normal thing. To make good profit, need the patience to hold for a while. Very confident this time is on.
21/06/2017 17:04
Bulat I want buy all but No more money. Mbsb CAn lend to me or not
21/06/2017 17:16
Money Tomorrow dividend payment.
21/06/2017 22:03
sitia Yes, but don't know will MBSB escalate. Usually it drops on technical.
21/06/2017 22:37
WM Niaga 1.45 coming...
22/06/2017 08:41
WM Niaga olrite.....dividen mbsb olready in dbank!!
22/06/2017 09:00
Zuiseng 股息换成股票,几时会计算进我们的户口?请问这里有谁知道吗?
22/06/2017 09:05
kayne285 Share allotment is today right?

extracted from the DRP statement

In respect of Step 6, Shareholders should note that the cash payment and share allotment would occur on the same day, which shall be within one (1) month from the Books Closure Date and in any event, within three (3) months from the date of the declaration of the Dividend or the date on which the approval is obtained in a general meeting of the Company, whichever is applicable.
22/06/2017 09:44
yingchai so the price will go up or down?
22/06/2017 10:15
Bulat Up
22/06/2017 10:37
yingchai But the price is moving downtrend. should buy now or wait and see 1st.,
22/06/2017 11:17
Foon Lian Way wait and see ... no power up
22/06/2017 11:21
newbie1234 1.33 / 1.34 good entry price.
22/06/2017 12:09
amyvoon what is the tp
22/06/2017 12:18
newbie1234 Next 1.45
22/06/2017 12:26
meistsk3134 mbsb will not up till merge happen
22/06/2017 13:05
Bulat share price up and down is depending on investor hand
22/06/2017 14:02
geoffreylee when is the DRP Share allotment?
22/06/2017 19:33
stock_hunt washing out weak hands and holders..strong hands hold till merge to huat big
22/06/2017 20:42


 

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