Strong support today despite the overall market dropped like hell.
Agreed with bluebiznet that the downside is very very limited.

http://www.sinchew.com.my/node/1724633
China said will sapu Malaysia Palm Oil

This counter is definitely undervalued now, the price droping like hell is just because of last QR that showing huge loses.
If compared among the few companies that obtained MCM and HWU contacts from petronas recently, you will found that the company's size and business volumn of sapura is the biggest among them, but few companies that smaller than sapura having a higher share price now.
So, i believe once sapura announced a better QR and showing profits, the price will rebound, may not too high but at least RM1.20 to RM1.40.

Hi Calvintaneng, thanks for your info.
1.Yes, MBSB currently did not collect any deposit as it still not a bank, but once the merger with AFB done, it not an issue anymore. The merger probably will take 1-2 years time but each new RUMAWIP project will take 2-3 years time to complete, the loan is not released in one lump sum.
2. Yes, higher margin loan will normally taken by 'less quality' borrower but not all, it could be due to other reasons like DSR, TAT, LTV, margin, and others. As the interest is just slightly higher than market example 4.9%-5.1% compared to market 4.6-4.8%.
Even though in tough times, housing will normally be the 1st priority for ppl to repay their loans. Ppl will normally choose to default personal loan, credit card, car loan(max 2 months) then only housing loan.
Even though charging around 5% interest, housing loan rate is always the lowest compared to other loans unless some special loan.
3.MBSB is offering the loan to 8-9 project, definitely not all the projects is under malay reserve. And i don't think any project under RUMAWIP will only open to Malays, some percentage of quota reserve for Malay with discount is quite common in Malaysia.

I think MBSB run up recently is not only due to GE14, ppl are looking on the potential of the merger with AFB.

However, the above is just my personal opinion, welcome to give us more info, put money in our pockets. :)

Thank you.

Anyway, housing loan is secured loan, the risk is consider low as MBSB is still can auction the house to recover the debt in the event the borrower unable to repay the loan, in addition, MBSB no need to provide high impairment provision for this type of secured loan. Moreover, the housing loan rate offered by MBSB is relatively high as compared to other banks in the market, hence, MBSB will definitely get huge benefit and profit from this RUMAWIP projects. It is a good news to us.

Look at the transaction history, the same parties is keep buying and selling this counter to collect more at cheaper price or to make some money or for whatever purposes. As long as they are still the big share holder, they will push up the price at the end to protect and maximize their interest.

This counter should worth at least 1.60 after merger done

Can both of you stop quarrel here and just talk about this counter? Is very annoying and disturbing others to discuss about MBSB. Thank you.

next week 1.35, gogogo

Share to AFB at 1.10, i think lowest at 1.10.