Still the same story, incompetent management.

US and the world markets are now in a precarious situation, recession in those parts of the world is imminent, how much will it affect Malaysia is unknown, do not be overly optimistic, save your bullets and keep whatever you already had, chasing up the market is extremely dangerous now.

I have to say that I cannot fully agree with those whom said that this dividend of 8.5sen will be the dividend for FY2022, if indeed it is for year 2022 they would have just say it and not name it as interim dividend, would you agree? You may then say 8.5sen already surpassed the full year profit of Y2022, where else comes the money for any more dividend? Don't forget MBSB has a net tangible asset of RM1.25 per shares, I suspect many of those assets are not generating profits and they could have been use for decapitalization, in other words, they could have plan to sell it and return to share investors as a form of dividend. I may be always criticising MBSB management, I am not whining but to remind them of their responsibilities to the investors, I believe some of this criticism in this forum will reached MBSB management and they reacted on those concerned. I am glad they announce this dividend payout to arrest the fall in share price recently, for this I applaud their effort and I hope they will continue to announce more good news in the near term, especially on the merger and acquisition of MIDF.

If MBSB Management cannot bring value to investor shares, then just sell it. Even at a discount of 20% from the net asset, can still brings above 80sen.

Yes, MBSB Management is very sneaky in a bad way, despite a qtr of good results, investors continue to lose money over its share price, and still no sound no action from Management. For any other company, they would have come out to defend their share price, but looking at them behaving this way is indeed worrying and looking like it is a ticking time bomb

they should have at least 1 dividend payment in every 12 months, and for financial year 2022, there's none, and that is unacceptable.

with FY earnings of 6+ sen and not declare dividend is unacceptable, as I often said, the current management is not working towards investors but their own benefits. When is AGM? All must go there bang table and demand a reason and explanation why?

Everyone is getting out at 61sen

MBSB is grossly undervalued, let's just pick a stock like say Sunway, market cap at almost double and price at RM1.62, and it qtr profit is even lower then MBSB and yet people buying into it.....to me it is really strange why MBSB would stay in this price

based on FY22 earnings, not unreasonable to expect MBSB to declare 5sen dividend per shares. will be holding on my shares and wait for dividends announcement

There's no reason for MBSB not to declare dividends, management should explain why to shares holders

When will MBSB going back to sub 1.00 level? will it ever? Some one will have to go bang on their table and get management to wake up.

What value have they bring to the investors? No capital price appreciation, poor return of dividend...nothing. If that's the case, must well close shop and sell all assets, at least investors will take back RM1.20/share

The trading pattern is always the same...spike for 1 day and then 1 month of selling off....

Just 1 deal to make on MIDF takes 6 months and then another 6 months extension for negotiation just prove that Management is useless, more ever now is the deadline on announcement still no sound no picture. This Management team is a joke to their investors.

yes, very disappointed indeed especially for long term supporters whom are not even rewarded after all this years of giving their support to MBSB. I see this as a results of poor management, I have in the past dealt with some top management level people over some businesses and I was surprised with the people in that level with very poor business sense, they are marely there to take salary without much contribution to the company. The company have no problem, it is the people managing MBSB that ought to be sacked for not making returns for investors despite taking huge salaries and bonuses.

The price in 2017 was above RM1.20, it is not just bad but very bad to get your money stuck since 2017 and till date still not making profit all this years.

What is the point for it to be listed if share price is so low? Might as well dispose all assets and return money to investor as in that way they can get back more than RM1.00 for every share they owned. Pity those hold this counter for the last 5 years....still seeing their money stuck there

If full year earnings is projected to be about 7sens, I would expect at least 4sen to be given and the rest for reinvestment or use it as shares buy back to prop up the share price....price should be trading at least 90sen to RM1.00 with NAPS at RM1.20 if assets rise next year...the NAPS would have gone up to about RM1.30 or more

Earnings per qtr...1st 3.25sen, 2nd 1.98sen, 3rd 0.82sen...4qtr ?sen...so does that mean we can expect at least 3 to 5sen dividend declaration after 4th qtr earnings announcement on Feb 2023?

The macro economy will of course lift the share price nevertheless, but the fact remains that this counter is behind all other financials and trading way below it's NAPS, is the management going to be sleeping on this? Change or simple fired the useless appointment holders to save cost since things are more or less on auto pilot

I have never seen a bank selling at 50% discount from the NAPS...and Management has not been doing anything to address the low prices just tells you how incapable and useless are they.

Like I always reiterated, the under expected 3Q earnings results is directly tie to the poor management performance, the ROE is the worst of all banks, why are cost so high? Too many useless depts and high ranking management staffs?

hopefully by Nov earning announcement, results are above expectation and declare dividends. Management must do more to gain businesses and trim cost and enhance capital appreciation.

Really regret selling CIMB when it was still below RM4 and invest in MBSB....really poor management that did nothing to enhance investment values

I have follow this counter for years and if you are holding this counter say since 2010 when you bought it at sub RM1.00....you are still not profitable despite so much time investing in it....

The banking sector is so jittery, why huh?

Referring to the youtube video on whether if MBSB is a good investment, the negatives aspect that were brought up can all attributes to the poor or bad management on the company. I have been right all along that the management team are a brunch of wasted fellas which ought to be sacked.

KLCI compared to the other regional indexes are really the weakest, it has been hovering around 1500 to 1600 for almost a year and have not shown any strength to move up, and for that, most of the stock price will remain stagnant and difficult to move up....all thanks to the focus in political fighting rather then focusing on the economy. With poor gov performance and incapable leaders, we can hardly see any future in the KLCI. Hope I am wrong and be proven by a strong rally in weeks to come, but I think I can only remain hopeful.

I have businesses and dealt with MBSB many years back, and I see first hand how lazy and sloppy they are.....those directors...

Saying negotiations are just making fools to believe MBSB management are busy behind, but I am quite sure this is a marriage deal, all the lazy management are just sitting in their nice office waiting for the papers to be delivered on their desk top for them to lift their lazy hand for signing.

I don't see this deal taking too long on the negotiations, with EPF backing and MIDF being GLC, it's consider done. Good news could be out as soon as next week. Rush to buy while people are talking profits now.

Hopefully the acquisition deal will come through, it is still just in the nego stage.

Good acquisition towards full banking, fund management and digital shares trading businesses. Very very promising towards becoming the next big banks in Malaysia, keep the good news coming.

Agree, even Ambank is flying, MBSB is zzzzzzzzzzzzzzzzzzzz

All the Q to sell at 0.595sen and after is huge.

@birdie, give up with MBSB management, they are hopeless brunch which have no concern nor care for their investors, all they would cared for is that payslip by the end of every month.

Seriously, the ECL proof that the Management are really not working and not worth the money that were paid to them. So this could be the main reason why so many institutional investors are reluctant to hold MBSB shares. If the amount hasn't been recover for last 6 years, I doubt it can be recovered, and by 7th years, it will be officially write off. Right?

Make up your mind, is this shit turning into gold this June or one year later? are you just plucking the dates out of nowhere? Look....this MBSB is not moving according to the market, it is underperforming the market which is what makes it so toxic....eh...MBSB Management...are you reading this forum and do you know how to do something?

We want winners not cheap crumbs, what's the point of being cheap and it stay cheap forever? MBSB is a disastrous to own.....thank to all the useless management bring the stock from 1.20 to 59sens....

All the talk of cold eye is just self consolation of oneselves that a powerful investor is still betting on MBSB. Based on the price when cold eye investment in MBSB even when he average down is still losing money to date, if there is one counter that cold eye hate, it would be MBSB. It is simply rubbish.

If moderator of this forum is going to delete my comment, please remove me from your forum, I won't come back.

Book value at 1.21 but traded at 60sen, something doesn't add up.....at 0.48PB is like the lowest bank shares in the world.

Did you ever heard anything come out good from Kenanga? seem like they have an agenda against MBSB.

Are you all disappointed with MBSB price performance? Market charge up and MBSB still in slumber land. Got to check the head to continue buying into this counter.

Nobody want to buy MBSB anymore, poor volume.

Poor volume today, time for MBSB to release some good news to move this counter.

Type Announcement
Subject OTHERS
Description MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR "THE COMPANY")

PROPOSED SINGLE-TIER INTERIM CASH DIVIDEND FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2021
The Board of Directors of MBSB is pleased to announce that a Single-Tier Interim Cash Dividend ("Interim Cash Dividend") of 3.00 sen per share has been declared for the financial year ending 31 December 2021 to be payable on 12 January 2022 to shareholders whose names appear in the Records of Depositors at the closure of business on 31 December 2021.

The current asset value of MBSB is more than the stock market share price, by this reason alone, if a big conglomerate spot this value and for them to come into the financial businesses in Malaysia, MBSB could be a target for take over.....only a matter of time if price remain at the level which is more then 50% discount from its NTA, I think this is really crazy for a Financial institution to be value at the price.

That is what I always said, if AirAsia is priced more then MBSB even without giving dividend for the past 2 to 3 years, MBSB fair price should be 80sen to RM1 to reflect the company value and giving constant dividend even in the most difficult year in the midst of Covid 19 pandemic.....