Cockcroach

Cockcroach | Joined since 2014-09-25

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User Comments
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2 days ago | Report Abuse

Will go up eventually

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2 days ago | Report Abuse

Most investors don't care of the news unless its dividend/bonus issues

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2 days ago | Report Abuse

Top price can drop some more. Useless

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3 days ago | Report Abuse

Don't think so but hope so

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1 week ago | Report Abuse

So, party still on for Sapura

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1 month ago | Report Abuse

Did read. There is no issue

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1 month ago | Report Abuse

https://theedgemalaysia.com/node/705812
.Edge Weekly

Able Global eyes US market to optimise Mexican factory output

By Liew Jia Teng / The Edge Malaysia

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1 month ago | Report Abuse

Howardmark. Stop bad-mouthing a good stock. Please move on.

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1 month ago | Report Abuse

At least see some meat now

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1 month ago | Report Abuse

Yes! Mikromb has a large shareholding in soon to be listed Elridge

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1 month ago | Report Abuse

Is the Semantan Estate thingy related to this listed Dutaland?

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1 month ago | Report Abuse

MBSB — a growing bank with an appetite for M&A
By theedgemalaysia.com / theedgemalaysia.com
17 Aug 2024, 12:16 pm

KUALA LUMPUR (Aug 17): MBSB Bhd’s (KL:MBSB) merger with Malaysian Industrial Development Finance Bhd just over 10 months ago helped solidify its position as the country’s second-largest stand-alone Islamic bank by assets after Bank Islam Malaysia Bhd (KL:BIMB).

Yet, it remains a relatively small player in a highly competitive and crowded market, where net profit margins have been on the decline — a fact that is not lost on its key shareholders. MBSB is 57.45% owned by the Employees Provident Fund (EPF), and 12.78% owned by Permodalan Nasional Bhd (PNB).

In an exclusive interview, MBSB chairman Datuk Wan Kamaruzaman Wan Ahmad reveals that the shareholders aim to have the group undertake further mergers and acquisitions (M&A) down the road. He does not discount the possibility of it happening within the three-year time frame (2024 to 2026) of MBSB’s strategic business plan.

The plan, code-named Flight26, is ultimately aimed at having the group reach a return on equity (ROE) of 8% by end-2026, from 2.9% last year, on a business-as-usual basis.

“The shareholders are ambitious. I think they still want us to grow,” Wan Kamaruzaman says during The Edge’s interview with him and the bank’s top management — group chief executive officer Mohamed Rafe Mohamed Haneef and group chief financial officer Shahnaz Farouque Jammal Ahmad — recently.

In the meantime, though, MBSB’s unwavering focus is on executing the Flight26 strategy, a key element of which involves the bank chasing Casa (current account and savings accounts) deposits to reduce its high cost of funds.

Ever since last year, MBSB has been making big changes to its management, injecting new blood to start afresh.

In the interview, the group’s top officials talk about their transformation plans and what they need to do to meet the 8% ROE target. They also address the issue of fraudulent deposit withdrawals in Kota Kinabalu amounting to RM24.2 million in June, which they say will not have a significant financial impact on the group.

Get the full story in this week’s issue of The Edge Malaysia.

Read also:
Mohamed Rafe appointed MBSB Bank CEO, confirms The Edge report

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2 months ago | Report Abuse

Totally agree.

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2 months ago | Report Abuse

Caught those pencuris. Now MBSB back to business

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2 months ago | Report Abuse

Yes...bought more mbsb at 0.80c level

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2024-07-14 18:48 | Report Abuse

Considered as positive news

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2024-07-11 04:55 | Report Abuse

Exited all. Same rumour happened few years back.

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2024-07-07 11:52 | Report Abuse

Support golf but sad that golf related stock cannot bangun

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2024-07-02 17:16 | Report Abuse

HLIB stays overweight on oil and gas sector, names Dialog, Armada, Velesto as top picks

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2024-07-02 10:00 | Report Abuse

Sellers are getting lesser. Better buy and keep first

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2024-07-01 20:32 | Report Abuse

Agree with Dav Yau

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2024-06-25 09:11 | Report Abuse

See the difference?

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2024-06-25 09:10 | Report Abuse

Bank staff insider job can be traced. But not for those who lost momey and were scammed by transferring money on their own

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2024-06-24 21:03 | Report Abuse

Funds can be traced and returned

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2024-06-20 06:44 | Report Abuse

speakup

Did I hear Bet?
Welcome to Casino De Bursa

Isn't this is all about? Haha...
I have faith in this bet. Just keep

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2024-06-15 17:08 | Report Abuse

2000k lots is 2000,000 units i mean. Not a lot for most of you. Betting on this

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2024-06-15 05:55 | Report Abuse

Colleted at 0.04 again. Now holding 2k lots in total .....better be good Sapura

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2024-06-13 17:48 | Report Abuse

Its a multi bagger. Not selling since 0.60. To me, keep forever

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2024-06-12 21:30 | Report Abuse

Today is the day of the hearing of the court case. Hope its positive. Any news?

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2024-06-06 19:22 | Report Abuse

KUALA LUMPUR (June 6): Malaysia Building Society Bhd (MBSB), the holding company of Malaysia’s second-largest standalone Islamic bank by assets, has launched a three-year business plan on Thursday aimed at boosting profitability, as it seeks to expand its financing portfolio to RM50 billion and raise current account savings accounts (CASA) ratio to 20%.

The plan, dubbed Flight26, has four key missions, as stated by MBSB group chief executive officer Rafe Haneef in a statement following its 54th annual general meeting (AGM). The plan includes two other goals: to increase non-funded income to 15% of net revenue and achieve an optimal cost-to-income ratio of 50% by 2026.

“To realise these goals, Flight26 is supported by TP30, comprising 30 transformation programmes. These include 12 programmes in wholesale banking, six in commercial banking, nine in consumer banking and three in digital banking,” Rafe said, adding that these initiatives are expected to substantially improve the group's return on equity.

More to come.

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2024-06-06 19:21 | Report Abuse

MBSB unveils three-year plan to expand financing portfolio to RM50b, raise CASA ratio to 20%

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2024-06-04 10:29 | Report Abuse

Better buy now .
Dividend 0.035 will be declared on 6 June

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2024-05-28 16:49 | Report Abuse

Bought, bought , bought . Dumped by institutional investors.

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2024-05-27 13:35 | Report Abuse

Just ignore the volatility. A good counter with positive prospects.

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2024-05-27 12:31 | Report Abuse

Ya...still holding . Bought at 60+

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2024-05-20 18:02 | Report Abuse

This stock worth keeping till at least 1.50

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2024-05-16 22:02 | Report Abuse

Don't sell!

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2024-05-08 01:05 | Report Abuse

June 6 is AGM. Will declare that day

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2024-04-24 21:06 | Report Abuse

I think he said some Ooi keng chai guy bought big stake. I checked the annual report, yes he is in top shareholders list. Not sure who he is

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2024-04-23 03:27 | Report Abuse

Better buy now. 5 years later look back at present share price. Laughing all the way to the bank

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2024-04-22 19:03 | Report Abuse

Net assets from -0.18 reduced to -0.13

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2024-04-22 18:35 | Report Abuse

Ok dah announced

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2024-04-22 17:06 | Report Abuse

Later dia announce, besok huat loh

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2024-04-18 18:27 | Report Abuse

Haha...ya...Speakup...tomorrow Panic attack

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2024-04-11 08:52 | Report Abuse

Why cutloss 0.58? If dropped till 0.575 then rebound, hati sakit.

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2024-04-09 18:48 | Report Abuse

The person bought such a big chunk. He wants to guarantee himself that hr got those 4+ mil lots before Raya