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Last Price Today's Change   Day's Range   Trading Volume
0.505   0.00 (0.00%)  0.50 - 0.505  1,212,100
19,248 comment(s). Last comment by carefulpeeps at Oct 19, 2020 9:21 AM
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remomama94
24 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
894 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
7334 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
6844 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
6844 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
7334 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
7334 posts

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

get the 3 Sen dividend dulu. jangan marah


Good123
7334 posts

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

target price 60-70sen ok


Good123
7334 posts

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

Masih cash rich bank ni. sanggup bayar dividend


RedEagle
3086 posts

Posted by RedEagle > Jul 6, 2020 10:34 PM | Report Abuse

Hope, Merger again CIMB Islamic, RHB Islamic, Mbsb Bank?


pat_lsa
93 posts

Posted by pat_lsa > Jul 7, 2020 10:57 AM | Report Abuse

lol... this counter kena scold like hell...


pat_lsa
93 posts

Posted by pat_lsa > Jul 7, 2020 11:15 AM | Report Abuse

@ superbull168 cut loss... your trading had already bring you tremendous stress...


Jerichomy
697 posts

Posted by Jerichomy > Jul 7, 2020 12:19 PM | Report Abuse

Pat_Isa this counter should be scolded coz epf is the largest shareholder and do nothing abt it!!


Lee_CK
27 posts

Posted by Lee_CK > Jul 7, 2020 12:29 PM | Report Abuse

Yesterday (6 July 2020), the trading volume is extremely high, but MBSB share price still firm at 0.615 (did not drop much). It mean MBSB counter is active. The buy and sale is fighting but share price not able to drop below 0.61.
It is strong and share price will drop further or raise further after and before Entitlement date. Hahah...


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 12:42 PM | Report Abuse

ha ha ha , an Ah Q thinking that might helps easing some of your stress investing in this counter. Let's look at t this way..... EPF is the major shareholder of this company, involuntarily , million of tax payers are indirectly holding a big bulk of this counter shares...... , if the stock price keep going south, all tax payers share your plight. It may affect the annual dividend that epf is paying out yearly to the contributors, and one consolation , you still get your annual dividend from this counter , as a direct shares holder, without fail.....
ha ha ha...


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 12:49 PM | Report Abuse

Create values for all her contributors is EPF mandate, if she cannot deliver this.... e.g. get MBSB bank listed.... & etc.
At one point, if she cannot perform , I believe & I hope , she will have to dispose the shares to some Banking TaiKor who is more capable of handling the business at a reasonable NTA values.


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 12:57 PM | Report Abuse

and remember, she has a big chunk of shares holdings in many banking counters.....


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 12:57 PM | Report Abuse

The stock price at the moment could be reflecting the ringgit & sen's "calulative nature" of investors in view of the imminent DRI plan. my 2 cents


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 12:59 PM | Report Abuse

Dont curse me, imho, i would prefer for her to drop below 60sen for me to collect more before the ex-date


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 1:12 PM | Report Abuse

Other counter declares reasonable divvy, the stock price goes up. This counter declares reasonable divvy , the stock price going down. Think of it this way, so is it not that EPF is creating a great opportunities for you to earn divvy at a discounted stock price ? So curse no more, prepare your bullet and strike at the right price when she drop below 60 sen ..... ha ha ha


pat_lsa
93 posts

Posted by pat_lsa > Jul 7, 2020 3:02 PM |

Post removed. Why?


lexxi012
65 posts

Posted by lexxi012 > Jul 7, 2020 3:06 PM | Report Abuse

Not funny Mayun, the share price is declining due to the uncertain interest rate cut.


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 3:20 PM | Report Abuse

This counter stock price has been declining for quite a while, while other banking counter were seeing the stock price rising.

The rate cut is much needed to provide stimulus to the ailing economy impacted by the pandemic. Banking sector cannot make more money if economy is weak.


lexxi012
65 posts

Posted by lexxi012 > Jul 7, 2020 3:42 PM | Report Abuse

It was due to bad QR results and thus declining since.... If the overall banking sector is not doing well, how would it benefit it's share price and also giving out dividend in the next quarter/year?


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 3:46 PM | Report Abuse

MBSB多三天有分三分钱。


bbbbbb
46 posts

Posted by bbbbbb > Jul 7, 2020 3:48 PM | Report Abuse

3cent then drop 10 cent


mf
22460 posts

Posted by mf > Jul 7, 2020 3:49 PM | Report Abuse

Stock futures down following a strong rally on Wall Street
PUBLISHED MON, JUL 6 20206:02 PM EDTUPDATED 53 MIN AGO


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 4:05 PM | Report Abuse

look like there is a chance to buy below 60 sen before the ex-date


klsebursamalaysia
14 posts

Posted by klsebursamalaysia > Jul 7, 2020 4:11 PM | Report Abuse

The stock price is keep dropping. Based on analyst, 2nd quarter going to have more loses due to higher ECL come from bad asset quality.


MaYun
264 posts

Posted by MaYun > Jul 7, 2020 4:27 PM | Report Abuse

Yeap, that is for sure, please tell us something that we are not already known.


Jerichomy
697 posts

Posted by Jerichomy > Jul 7, 2020 4:42 PM | Report Abuse

Superbull128, we really got crazy investor here!!!


Jerichomy
697 posts

Posted by Jerichomy > Jul 7, 2020 4:47 PM | Report Abuse

Mayun, you are the craziest investor i ever known becoz u said drop more and buy more!!!


Jerichomy
697 posts

Posted by Jerichomy > Jul 7, 2020 4:53 PM | Report Abuse

Let face it that we screw up by investing in mbsb


Jerichomy
697 posts

Posted by Jerichomy > Jul 7, 2020 4:54 PM | Report Abuse

Any orher banks counters and gloves counters better than MBSB!!


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 6:59 PM | Report Abuse

股票好好。有钱大家赚!


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 7:01 PM | Report Abuse

MBSB再过不久,他会跟几家银行合并,到时大家赚大钱。


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 7:12 PM | Report Abuse

MBSB这家公司的后台不用讲,你们也知道吧,政府的资金是非常雄厚的。其他银行拿不到的合同,只有他可以拿到。EPF也是他的金主。


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 7:17 PM | Report Abuse

丹丹是大众银行的马来人回教基金。都已经足够他用了。


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 7, 2020 7:46 PM | Report Abuse

有史以来,我没有看到这么便宜的银行股。还有这样雄厚的企业家,大众银行。政府机构。EPF后备金主。可想而知,这家银行哪里会有什么事情发生,


lexxi012
65 posts

Posted by lexxi012 > Jul 7, 2020 10:43 PM | Report Abuse

Ah Seng ah ah Seng, remember what happen in 2008 GFC - Banking sector is not bullet proofed.


Jerichomy
697 posts

Posted by Jerichomy > Jul 8, 2020 12:23 AM | Report Abuse

I agree ah seng, pat isa and who else are bodoh except for superbull128 and lexxi012....this counter is shit!!! And still say it is good LOL


Siau Siau Boon Seng
72 posts

Posted by Siau Siau Boon Seng > Jul 8, 2020 12:35 AM | Report Abuse

大家好!2019年。四个业绩都赚大钱。三月份,83830,六月份。106225,九月份。170159,12月份。356686都是赚钱的,今年2020三月份,亏钱。73254新冠病毒情况。接下来三个业绩一定会赚大钱回来的。因为他的贷款已经陆陆续续的在收回来了。最主要是政府在后面。以前的银行跟现在的银行不一样。全部都是一体的,互相利用,互相帮忙。这是我本人想法。作为给大家的参考。


Superbull168
63 posts

Posted by Superbull168 > Jul 8, 2020 10:48 AM | Report Abuse

This mbsb can category to paria stock ,see paria stock pdz today up 5 sen , no ,mbsb betul betul worst than paria stock , we can category eat shit n makan tahi n ciaksai stock

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