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Last Price Today's Change   Day's Range   Trading Volume
0.505   0.00 (0.00%)  0.495 - 0.51  5,509,200
19,248 comment(s). Last comment by firehawk at Oct 21, 2020 12:01 AM
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CatchThe Bull
672 posts

Posted by CatchThe Bull > Jul 1, 2020 2:35 PM | Report Abuse

Anyone here can share the important agenda for eAGM yesterday? I miss out due to urgent appointment yesterday.


Kenzo8
58 posts

Posted by Kenzo8 > Jul 1, 2020 3:47 PM | Report Abuse

seiluen, u managed to find out the dividend reinvest? do we need to to do anything in order not to lose the dividend?


seiluen
16 posts

Posted by seiluen > Jul 1, 2020 5:11 PM | Report Abuse

kenzo,still didn't get the answer yet. as long you bought before the ex date, you're eligible for the dividend


pradeep
1271 posts

Posted by pradeep > Jul 2, 2020 12:10 AM | Report Abuse

Kenzo if you still dont understand please let me know and i will explained to you.


meistsk3134
1904 posts

Posted by meistsk3134 > Jul 2, 2020 9:01 AM | Report Abuse

with bad ecomomic how mbsb can recover?


Jerichomy
697 posts

Posted by Jerichomy > Jul 2, 2020 12:50 PM | Report Abuse

Maybe ur right so how now


jonboy
1 post

Posted by jonboy > Jul 2, 2020 3:55 PM | Report Abuse

I guess we have to be patient, not only.mbsb, all other sectors got hit too,
Prospects for mbsb still looks good, give time for the economy to recover


WTF69
10 posts

Posted by WTF69 > Jul 2, 2020 4:46 PM | Report Abuse

Every year also repet the same show!


klsebursamalaysia
14 posts

Posted by klsebursamalaysia > Jul 2, 2020 5:08 PM | Report Abuse

OMG, Is time to run away first with so many uncertainties. https://www.washingtonpost.com/nation/2020/07/02/coronavirus-live-updates-us/


remomama94
26 posts

Posted by remomama94 > Jul 2, 2020 7:54 PM | Report Abuse

for those who don't know how to reinvest their dividend and get share instead which is discounted @Rm0.56/share u guys may look at this post https://dividendmagic.com.my/dividend-reinvestment-plan-drip-work-malaysia/
p/s if u guys hv rakuten trade u may submit ur DRP proposal at Corporate Action Subscription section without any charges!!!


RedEagle
3085 posts

Posted by RedEagle > Jul 2, 2020 9:34 PM | Report Abuse

Reference is made to the announcements 6 May 2020, 5 June 2020 and 15 June 2020 in relation to the Dividend Reinvestment Plan (collectively referred to as “Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.


On behalf of the Board of Directors of MBSB (“Board”), AmInvestment Bank Berhad wishes to announce that the issue price for the new MBSB Shares to be issued pursuant to the Dividend Reinvestment Plan for the Final Dividend (“DRP Shares”) has been fixed today (“Price Fixing Date”) at RM0.56 per DRP Share (“Issue Price”). The Issue Price represents a discount of approximately 8.8% to the ex-dividend volume weighted average market price (“VWAP”) of MBSB Share of RM0.6138, which was arrived at after taking into consideration:-


(a) the five (5)-day VWAP of RM0.6438 per MBSB Share up to and including 29 June 2020, being the last trading day prior to the Price Fixing Date; and


(b) a dividend adjustment of three (3) sen to the five (5)-day VWAP of MBSB Share.


Barring any unforeseen circumstances, the DRP Shares will be listed on the Main Market of Bursa Malaysia Securities Berhad in mid-August 2020.


This announcement is dated 30 June 2020.


Jerichomy
697 posts

Posted by Jerichomy > Jul 2, 2020 9:35 PM |

Post removed. Why?


Jerichomy
697 posts

Posted by Jerichomy > Jul 2, 2020 9:39 PM | Report Abuse

I believe superbull168 is correct as he invest sapura share and he knows what is it about it the share right subcription... i thot somebody takeover mbsb but mana tahu list as mbsb bank bodoh idea!!


pradeep
1271 posts

Posted by pradeep > Jul 2, 2020 9:55 PM | Report Abuse

Jerichomy study the facts when reinvested for the shares it turn out to be more then 9 sen .it is your option


RedEagle
3085 posts

Posted by RedEagle > Jul 2, 2020 9:56 PM | Report Abuse

Investors vs Traders vs Mbsb..DRP crazy


Sanofi
536 posts

Posted by Sanofi > Jul 2, 2020 10:30 PM | Report Abuse

I worked in this bank before, the management was very lousy, no standard SOP, staff inefficiency, and obsolete technologies! really hopeless..


BlackWhite
898 posts

Posted by BlackWhite > Jul 3, 2020 10:42 AM | Report Abuse

Listing in 2020 dont make sense


BlackWhite
898 posts

Posted by BlackWhite > Jul 3, 2020 10:42 AM | Report Abuse

Worth buy if below 60sen since it is so inefficient comp


iyin666
47 posts

Posted by iyin666 > Jul 3, 2020 12:39 PM | Report Abuse

Agree that the dividend share reinvestment plan is a stupid idea. It just reflects poorly on the management. U cannot allow for the reinvestment plan if your share price is below Rm1.00. Most institutional funds will sell the mother at. 0.63 n above n opt for the dividend reinvestment at. 0.56, hence causing the price to spiral downwards.


pradeep
1271 posts

Posted by pradeep > Jul 3, 2020 2:03 PM | Report Abuse

Iyin66 my view is first of all you are not given the DIP unless you got the shares before the exdate then only you grt DIP dhares


pradeep
1271 posts

Posted by pradeep > Jul 3, 2020 2:06 PM | Report Abuse

The value of the MBSB will be created when it goes for listing as a bank that time many institution once to take over


meistsk3134
1904 posts

Posted by meistsk3134 > Jul 3, 2020 2:11 PM | Report Abuse

with this economic. mbsb cannot rise. wait till good


iyin666
47 posts

Posted by iyin666 > Jul 3, 2020 2:43 PM | Report Abuse

Think their div reinvestment policy dampens its price. Sad becos its asset quality is good, with sound revenue growth , adequate loss/loss cover, etc.


iyin666
47 posts

Posted by iyin666 > Jul 3, 2020 2:44 PM | Report Abuse

And NTA at around Rm 1.26


MaYun
264 posts

Posted by MaYun > Jul 3, 2020 7:36 PM | Report Abuse

Malaysia Building Society Bhd (MBSB) is targeting a loan growth of 3.0-4.0% for FY20, amid uncertainties brought about by the Covid-19 pandemic. To achieve this, the bank will be focusing on the civil servants’ segment, as well as government projects and contracts. On another note, the bank said its plan to list MBSB’s wholly-owned banking unit, MBSB Bank on Bursa Malaysia remains on track. (The Edge)


MaYun
264 posts

Posted by MaYun > Jul 3, 2020 7:37 PM | Report Abuse

Worth investing, high potential ROI .


MaYun
264 posts

Posted by MaYun > Jul 3, 2020 7:38 PM | Report Abuse

If she cannot perform, there will be big brothers to take over and her NTA is RM1.26


Jerichomy
697 posts

Posted by Jerichomy > Jul 3, 2020 8:51 PM | Report Abuse

Just we say we got cheated by kwsp and ceo of mbsb...LOL


Jerichomy
697 posts

Posted by Jerichomy > Jul 3, 2020 8:52 PM | Report Abuse

I am sure that they retain at 62 cents now is make us subcribe to their DRIP...LOL


apanama
3730 posts

Posted by apanama > Jul 3, 2020 9:00 PM | Report Abuse

54sen and below good buy.. Hehehe


Jerichomy
697 posts

Posted by Jerichomy > Jul 3, 2020 9:05 PM | Report Abuse

That is why superbull128 is correct amd buy the share from open market which will be lower than 56 cents...they must have think we are idiot!!


SJSOON
2301 posts

Posted by SJSOON > Jul 3, 2020 10:31 PM | Report Abuse

Bodoh Kaunter ini


Jerichomy
697 posts

Posted by Jerichomy > Jul 3, 2020 10:47 PM | Report Abuse

It has new name My Bank Sakit Betul


seiluen
16 posts

Posted by seiluen > Jul 4, 2020 10:38 PM | Report Abuse

time to average down !


remomama94
26 posts

Posted by remomama94 > Jul 5, 2020 11:35 AM | Report Abuse

ya average down ....even things get worse there is still a hope for this gem as we should nt forgot previously there was a merger proposal by cimb- rhb-mbsb & bank muamalat-Mbsb which might took place again


pat_lsa
93 posts

Posted by pat_lsa > Jul 6, 2020 11:16 AM | Report Abuse

Management issue... Dont angry... lousy management, lousy stock performance... cut loss and peace...


Jerichomy
697 posts

Posted by Jerichomy > Jul 6, 2020 12:58 PM | Report Abuse

Pat_Isa, ru working in mbsb. Ur so supportive LoL


Raul
189 posts

Posted by Raul > Jul 6, 2020 1:06 PM | Report Abuse

What will happen to mbsb share if they list mbsb bank share?


Raul
189 posts

Posted by Raul > Jul 6, 2020 1:07 PM | Report Abuse

KUALA LUMPUR (June 30): Malaysia Building Society Bhd (MBSB) is targeting a loan growth of 3% to 4% for the financial year ending Dec 31, 2020 (FY20), amid uncertainties brought about by the Covid-19 pandemic.

Speaking to reporters via a virtual press conference after its annual general meeting today, MBSB president and chief executive officer Datuk Seri Ahmad Zaini Othman said the bank will be focusing on the civil servants’ segment.

“We believe the government servants area is something quite stable… [as well as] government projects and government contracts. We also believe that trade financing in areas of exports and certain commodities will still continue to be strong,” he said, adding that the bank will be shying away from areas such as tourism-related sectors.

While MBSB fell into the red in the first quarter ended March 31, 2020 due to an increase in expected credit loss (ECL) as a result of staging deterioration for loans and financing as at end of March 2020, Ahmad Zaini said the bank’s treasury activities remain active and are expected to increase its income contribution in the current year.

Like other banks, MBSB has granted a six-month loan moratorium to eligible customers since April 2020. However, during the moratorium, Ahmad Zaini said the bank encourages customers to regularise their instalment arrears, which will also improve the bank’s ECL and financial results for the coming quarters.

“Hopefully, with engagement with customers, this will enable the bank to manage the ECL,” said Ahmad Zaini.

“We have advised customers that they should try to conserve their cash in the six months during the moratorium period and use this as a means to service the following months come September. It is safe to say that modification loss (from the moratorium) will be the main culprit on the financial institutions’ performances,” he added.

For MBSB, Ahmad Zaini said a big challenge for the bank is that its “revenue [base] is not as wide as other financial institutions”. Thus, it is very likely that the impact of the modification loss on MBSB’s bottom line “could be an issue”, he added.

On whether the bank will consider extending the moratorium after September, Ahmad Zaini said the bank, at this stage, may not be at a position to consider it yet.

“However, we will look at customers or SMEs as and when we look at the cases that merit our attention,” he added.

He further said that while business has been “looking okay now”, it is still hard to predict how things will turn out in the next couple of months, amid prevailing uncertainties.

“The greatest fear is the second wave of the [Covid-19] pandemic, on whether the industries can sustain that second wave, and the financial institutions' continuous support,” he said.

Meanwhile, the group’s plan to list its wholly-owned banking unit — MBSB Bank — on Bursa Malaysia is still on track, said Ahmad Zaini.

“This will be done after we have transferred the converted assets to the bank and disposed of any remaining non-converted assets,” he said.

Presently, the bank has completed 12 phases of conversion, involving a value of over RM659 million or about 25%, since April 2, 2018.

The bank is expected to convert all its existing conventional assets to Islamic assets by 2021. As at March 31, 2020, MBSB has a gross balance of RM1.84 billion or net balance of RM1.08 billion of conventional loans.

At 2.40pm, shares of MBSB were up 1.5 sen 2.46% at 62.5 sen, valuing the counter at RM4.2 billion. The counter has fallen some 31.69% from 91.5 sen over the past year.


aliyusof
905 posts

Posted by aliyusof > Jul 6, 2020 3:37 PM | Report Abuse

Top management problem .....for years lot of empty promises


pat_lsa
93 posts

Posted by pat_lsa > Jul 6, 2020 4:16 PM | Report Abuse

those felt uncomfortable please cut loss... we always advise to cut loss on weak performer...


amirmokhtar
7 posts

Posted by amirmokhtar > Jul 6, 2020 5:15 PM | Report Abuse

KWSP largest shareholder..not doing anything to make MBSB shares push up


Superbull168
63 posts

Posted by Superbull168 > Jul 6, 2020 5:26 PM | Report Abuse

Mbsb only know hisab dancau sahaja , fuxx ....


Good123
7374 posts

Posted by Good123 > Jul 6, 2020 8:14 PM | Report Abuse

don't miss the dividend MBSB - Notice of Book Closure

MALAYSIA BUILDING SOCIETY BERHAD

Single-Tier Final Dividend of 3.0 sen per ordinary share in MBSB for the financial year ended 31 December 2019.
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Dividend” as from: 13 Jul 2020
2)  The last date of lodgment : 14 Jul 2020
3)  Date Payable : 12 Aug 2020

 


Announcement Info

Company NameMALAYSIA BUILDING SOCIETY BERHADStock NameMBSBDate Announced01 Jul 2020CategoryListing CircularReference NumberILC-01072020-00003


Victor Yong
6852 posts

Posted by Victor Yong > Jul 6, 2020 10:05 PM | Report Abuse

Quite low now

Date Close
03/07/2020 0.62
02/07/2020 0.62
01/07/2020 0.635
30/06/2020 0.62
29/06/2020 0.61
26/06/2020 0.63
25/06/2020 0.655
24/06/2020 0.66
23/06/2020 0.655
22/06/2020 0.675
19/06/2020 0.675
18/06/2020 0.69
17/06/2020 0.695
16/06/2020 0.685
15/06/2020 0.67
12/06/2020 0.705
11/06/2020 0.71
10/06/2020 0.745
09/06/2020 0.75


Victor Yong
6852 posts

Posted by Victor Yong > Jul 6, 2020 10:06 PM | Report Abuse

Date Price Target Source News
26/06/2020 0.70 MIDF Price Target News
26/06/2020 0.60 KENANGA Price Target News
26/06/2020 0.67 AmInvest Price Target News


Good123
7374 posts

Posted by Good123 > Jul 6, 2020 10:11 PM | Report Abuse

About Malaysia Building Society Berhad (MBSB)
The origin of Malaysia Building Society Berhad (MBSB) can be traced back to the Federal and Colonial
Building Society Limited incorporated in 1950. In 1956, it changed its name to Malaya Borneo Building
Society Limited (MBBS), with the Malaysian government as its major shareholder. MBBS was then listed
on the Stock Exchange of Malaysia and Singapore in August 1963. The company became an
incorporation in Malaysia under the Companies Act 1965 on 17 March 1970, before it was listed on the
Kuala Lumpur Stock Exchange now Bursa Malaysia on 14 March 1972. The Employees Provident Fund
(EPF) is currently the financial holding company of MBSB.
MBSB was defined as a Scheduled Institution under the repealed Banking and Financial Institution Act
1989 (BAFIA). The status of an Exempt Finance Company was granted to MBSB on 1 March 1972 by the
Ministry of Finance and the status has remained since. This allows MBSB to undertake a financing
business in the absence of a banking license. Under Section 272 (a) of the Financial Services Act 2013,
exemptions granted under the BAFIA is deemed to have been granted under the corresponding provision
of the Financial Services Act 2013 and shall remain in full force and effect until amended or revoked.
On 6 November 2017, MBSB entered into the Share Purchase Agreement with shareholders of Asian
Finance Bank Berhad (“AFB/Vendors”) for the proposed acquisition by MBSB of the entire equity interest
in AFB for an aggregate purchase consideration of RM 644,952,807.66 to be satisfied by way of cash
amounting to RM396,894,036.26 and the issuance of 255,507,974 Consideration Shares at an issue price
of RM1.10 per Consideration Share (“the Acquisition”).
The Acquisition was approved by the shareholders of MBSB on 23 January 2018. The Shareholders also
approved the transfer of Shariah Compliant Assets and Liabilities of MBSB to AFB via a Members’
Scheme of Arrangement.
Pursuant to the abovesaid approval and upon completion of the transfer of shares and payment of the
balance of the purchase consideration to the Vendors, AFB became a wholly owned subsidiary of MBSB
on 7 February 2018. AFB undertook a rebranding exercise and on 2 April 2018 it changed its name to
MBSB Bank Berhad (“MBSB Bank”).


Good123
7374 posts

Posted by Good123 > Jul 6, 2020 10:12 PM | Report Abuse

get the 3 Sen dividend dulu. jangan marah


Good123
7374 posts

Posted by Good123 > Jul 6, 2020 10:22 PM | Report Abuse

target price 60-70sen ok


Good123
7374 posts

Posted by Good123 > Jul 6, 2020 10:22 PM | Report Abuse

Masih cash rich bank ni. sanggup bayar dividend

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