Limit down?

It is near 7 month since the new chairman appointed. What is his achievement so far?

epf/bnm must appoint new ceo quick. New ceo must be from outside with vast experience and knowledge.

Please appoint outsider with great and vast banking experience. Adisadikin ceo rhb islamic might be a good choice.

epf should consider to merge mbsb with other bank.
Mbsb look sluggish and no where to compete with other commercial bank. Really pathetic.

I ll take cash.
I will not support DRP idea

Im so delighted to see more and more people realise we need new leadership.

What is the point giving DRP again and again??

Noticed buying volume keep increasing lately. May fly soon?

@ratz dont forget on the recycle chairman too :)

@ImmortalSoul87 Noticed on high buying volume for the past few days. Any reason behind it?

@phyroxus. Dont think so. Chairman doesnt have significant impact

As i mentioned earlier. Chairman with banking experience. Anyhow i dont think there will be significant impact to the bank with the new chairman. unless they want to push for another merger exercise which i doubt so.


Remarks :The Board of Malaysia Building Society Berhad ("MBSB") wishes to announce that Tan Sri Azlan bin Mohd Zainol has been appointed as Chairman / Non-Independent Non-Executive Director of MBSB and MBSB Bank Berhad, a wholly-owned subsidiary of MBSB with effect from 1 March 2021. Tan Sri Azlan bin Mohd Zainol is a nominee of Employees Provident Fund Board.

No change in ceo, no changes in senior management. So dont expect drastic changes in company.

No new CEO. only new chairman. Dont expect drastic changes as the senior managements remains same. Unless they want to bring up the merger idea again.

Mbsb will going to hv new chairman. Someone with banking background

The best way is to revamp and replace the incompetent senior management

Should push EPF to replace the senior management. All of them have been given ample time.
We cant progress

Rumours has it ceo contract will be extended to another 2 years. Not sure if good or bad news.

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.

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

@jeffreyteck agreed. The result shows they are underperform.

Up fast fast

I dont think MBSB will go for another merger exercise. They have spent a lot to realize these M&A to get the banking license. MBSB already is the second largest stand alone islamic bank and anytime can tapau bank islam to become the number 1. Why should they go for another M&A? Unless the instruction come from BNM

2.15 is my TP

When the qr announcement? Cant wait. Look very good

When the QR? Look promising

Pls sell i wanna buy at cheap price. Pls

Good news come out hope today can move up

No show no syok

Sure good as usual

TypeAnnouncementSubjectOTHERS
DescriptionQuarterly Financial Report pursuant to Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the second quarter ended 30 June 2018 on Monday, 30 July 2018 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 17 July 2018.

KUALA LUMPUR (June 27): Rakuten Trade Sdn Bhd has recommended a “buy” call on Malaysia Building Society Bhd (MBSB) with a share target price of RM1.60.

The recommendation came as the online stock trading company is positive about MBSB’s transformation in a full fledged Islamic bank on its acquisition of Asian Finance Bhd Bhd.

“Earnings is expected to be boosted with its full banking status,” it said in a research note today.

Rakuten said MBSB’s net interest margins of 3.05% remain the highest among banking stocks while the cost-to-income ratio of 26% is the lowest.

Loans growth is projected to grow four to five per cent as MBSB builds its transactional banking and fee-based income.

It also said MBSB is the second largest stand-alone Islamic bank in Malaysia with assets of RM44 billion and is one of two listed Islamic banks on Bursa Malaysia, who could be a key beneficiary of the Employees Provident Fund’s (EPF) Simpanan Shariah in addition to other Shariah funds.

At 10.37 am, MBSB's share price rose two sen to RM1.17 with 2.07 million shares traded.

No show no syok

Reference is made to the announcements 30 January 2018, 1 June 2018 and 12 June 2018 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 RM1.02 per DRP Share (“Issue Price”). The Issue Price represents a discount of approximately 9.41% to the ex-dividend volume weighted average market price (“VWAP”) of MBSB Share of RM1.1259, which was arrived at after taking into consideration:-

the five (5)-day VWAP of RM1.1759 per MBSB Share up to and including 22 June 2018, being the last trading day prior to the Price Fixing Date; anda dividend adjustment of five (5) 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 early August 2018.

This announcement is dated 25 June 2018.

No show no syok

Who attend the agm? Pls update here later. Tq

Agm 26 right? What price they will offer for those opt for reinvest?

Lets try breaks .80 today :)

KUALA LUMPUR: Datuk Nor Shamsiah Mohd Yunus, who led the investigation into the trail of money that flowed out of 1Malaysia Development Bhd (1MDB), has been appointed as the new Bank Negara Malaysia Governor, Bloomberg reported.

She left Bank Negara in November 2016 amidst a clampdown by the previous government on people who probed into the 1MDB.

Nor Shamsiah worked with the central bank for 30 years before she left on Nov 15, 2016.

She takes over from Tan Sri Muhammad Ibrahim who resigned on June 15.

Nomura Global Markets Research said Nor Shamsiah’s appointment implies continuity in the direction and conduct of monetary policy.

Like Muhammad, she had served as deputy governor under Tan Sri Dr Zeti Akhtar Aziz and she was a member of the monetary policy committee, it said.

“We maintain our forecast of the policy rate being left unchanged through the rest of this year, as we forecast GDP growth slowing to 5.1% in 2018 from 5.9% in 2017, below Bank Negara's 5.5%-6.0% forecast. 

CPI inflation will also likely fall sharply to 1.3% in 2018 from 3.7% in 2019, below Bank Negara's 2%-3% forecast,” Nomura said.

Muhammad had tendered his resignation after questions were raised on the central bank’s purchase of a land from the federal government for RM2bil.

The transaction was completed in January this year and the proceeds were used to pay 1MDB’s debts.

After leaving Bank Negara, Nor Shamsiah joined the International Monetary Fund (IMF) in April last year where she was based in Washington DC. She was the assistant director of Monetary and Capital Markets Department there.

There was no official statement by the IMF stating that Nor Shamsiah has resigned but sources in the banking industry indicated that she has left the international monetary body.

During Nor Shamsiah’s stint in Bank Negara, she was involved primarily in overseeing and ensuring the health of the banking sector, which is the core responsibility of the central bank in ensuring financial stability in the system.

Apart from banks, her area of supervision covered insurance and takaful companies, financial intelligence and enforcement, and talent management.

It was her oversight on the banks that saw her spearhead the investigations into 1MDB at the central bank level.

Nor Shamsiah was also involved in the financial sector resolution initiatives during the Asian financial crisis and the preparation and implementation of the Financial Sector Masterplan from 2001 to 2010.

It is typical for any management to show their support whenever changes in the government..or maybe to safeguard their position :p

KUALA LUMPUR 20 Jun - MBSB Bank Berhad telah menyalurkan derma sebanyak RM1 juta ke dalam Tabung Harapan bagi melaksanakan tanggungjawab sosial.

Derma yang disampaikan oleh Pengerusi MBSB, Tan Sri Abdul Halim dan Presiden serta Ketua Pegawai Eksekutif MBSB, Datuk Seri Ahmad Zaini Othman diserahkan kepada Menteri Kewangan , Lim Guan Eng di Putrajaya, hari ini.

“Derma ini adalah bukti semangat patriotisme kami terhadap negara. Malaysia adalah rumah kita dan sekarang ia adalah tanggungjawab kita untuk membantu negara,” katanya dalam satu kenyataan di sini hari ini.

Dalam perkembangan lain, Ahmad Zaini dalam kenyataan sama berkata, beliau yakin keadaan ekonomi akan terus mengukuh walaupun status hutang negara kini agak membimbangkan. –

You guys may forgot something.
In pakatan manifesto did mention they will revise the personal loan tenure to 20 years back.
Imagine how well mbsb bank will make profit if this come true.
Happy investing:)

Mbsb has very strong fundamental and is a profitable company. Some of you always have doubts and uderestimate this counter.
I hope the price will adjust to its true value soon.
Still not too late to collects and invest for longterm
Good luck guys.

Mbsb fundamental very solid and it is a profitable company indeed. Just that share price does not reflect its true value.

Better collect fast

We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the first quarter ended 31 March 2018 on Monday, 28 May 2018 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 14 May 2018.

Time to move..

Yes in the meantime just enjoy the dividend

Waiting to move