The indian cepat pusing must be something wrong..

Now maybank will launch a takeover discussion with mbsb

Same here kakashi.... Good buy haha

don't miss the boat guys....MBSB easily 2.50 when announcing quarterly profit and applying for banking license...

HAHAHA I ALREADY SAID THE PRICE ALREADY FACTOR IN NON MERGER NEWS...NOW WAIT FOR IT TO TURN GREEN....THANKS PANIC SELLER...GOOD STOCK NO WORRY

hahahhhaha huatt ar...!!!....angpow mali angpow mali...

whoaa damn difficult to buy...hahha
quick sell to me

Agree.. Price now very attractive... With record profit announcement coming

So is osk below 2?

...it is good for mbsb not to merge now also because cimb loan exposure in Indonesia and oil n gas will impact mbsb earnings...thus....for now let's wait for the Quarter 4-2014 announcement and huattt....

Yup...tomoro grab the panic sellers...remember this non merger need is not new considering the leaked insider news... Yesterday already oversold... Why throw away an under value stock at cheap price!

Yeah....don't panic...look at air Asia....2.50 back to 2.80... Company got fundamentals no worries

The fundamentals of mbsb is strong... Nothing wrong with company.. Just that no merger.. That's all...the company is posting record profit

Yes.. Don't worry... The current price already factor in the non merger news since yesterday...now is even before pre-merger negotiation price...buy more tomorrow

http://www.thestar.com.my/Business/Business-News/2015/01/14/Outcome-of-CIMB-merger-deal-to-be-known-by-this-month/?style=biz

KUALA LUMPUR: The outcome of the merger talks among CIMB, RHB Capital and MBSB would be known by the end of the month, said CIMB Group chairman Datuk Seri Nazir Razak.


"We will make an announcement very soon. The talks have not been called off and it is still ongoing at a very intense stage now," Nazir said on Wednesday.

The revenue synergies of this merger have been mentioned before may not be much and it is more of cost synergies. Although the cost synergies may not be effective translated an economic environment that is not doing so well," he added.

Asked if there was a broad buy into this merger from the other parties he said that he was not in a position to comment on that matter adding that more details will be made "very soon".

MBSB: big angpow

selling force in cimb

MBSB is an attractive asset...for the merger

http://www.theedgemarkets.com/my/article/cimb-chairman-nazir-non-committal-merger-status


KUALA LUMPUR (Jan 14): CIMB Group Holdings Bhd ( Financial Dashboard) chairman Datuk Seri Nazir Razak was non-committal on the status of the bank's planned merger with RHB Capital Bhd ( Financial Dashboard) and Malaysia Building Society Bhd (MBSB) ( Financial Dashboard), saying an announcement would be made soon on the matter.

Speaking to reporters today, Nazir said CIMB, RHB Capital and MBSB were still assessing the deal based on existing terms to determine whether the exercise should proceed.

He also dismissed reports that RHB Capital's seeking a cash portion in the merger deal as one of the reasons for the proposed deal likely to be called off.

"There is no truth to that. Right now, we are evaluating whether to proceed with the merger based on the existing terms. There has never been any discussion on any change in terms," Nazir said.

He said this after launching CIMB's special report on the Association of Southeast Asian Nations (Asean).

The report is entitled "Re-drawing the Asean map : How companies are crafting new strategies in Southeast Asia".

Nazir's comment came amid rife speculation that the CIMB-RHB Capital-MBSB merger might be terminated.

Yesterday, The Edge Financial Daily reported that the CIMB-RHB Capital-MBSB merger was off and an official announcement was expected before the end of the week.

The Edge Malaysia business and investment weekly (Edge Weekly), in its latest January 12-18 issue, also reported that there was a strong possibility the merger could be called off due to the economic landscape becoming tougher, and the fact that RHB Captal was seeking a revision of the terms after the substantial fall in CIMB’s share price since the structure of the merger was first announced on October 9 last year.

merger proceed...

haha tipu ....no evidence don tok 3 tok 4...tok cock

Merger going through!!!

Drop 30 cents!!!!

Cimb drop 22 cents...Deal going through!!...huatttt

The merger deal is going through that's why maybank today drop 15 cents... Because they no longer big... Stay tune...don't miss the boat

whoa..shit....damn difficult to buy......paying sellers price...

quickly grab while can....closing 2.40 today!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1850957

The edge pakat tipu investors

Haha big fatt angpow kakashii

According to TheEdge Financial Daily, the proposed mega merger comprising CIMB-RHBCapital-MBSB could be called off, with an official announcement expected by this week. The Daily cited that the respective boards are supposed to meet on Wednesday when it will be formally expressed that the deal is off. (Source: The Edge Financial Daily)

Comment: Our views remain unchanged as per our note issued on 12 Jan 2014, where we also cited media speculation and factors which could lead to a potential shelving of the proposal. At this juncture, we do not expect much re-rating on CIMB (HOLD, PT RM5.00 based on 1.08x CY15 P/BV) and RHBCap (HOLD, PT RM6.90 based on 0.88x CY15 P/BV). We believe that CIMB’s share price will continue to underperform due to the risky sector exposure (at CIMB Niaga), competition in Indonesia and weaker non-interest income generation due to a lacklustre capital market. We also do not foresee strong re-rating catalyst for RHBCap owing to a slowdown in consumer spending amidst a moderation in corporate loans growth.

Nonetheless, we note that MBSB (BUY, PT RM2.75 at 1.46x CY15 P/BV) may continue to face some selling pressure but we believe that at this juncture, share price remains undervalued at a CY15 P/E of 7x. We do see a support for MBSB’s share price at RM2.15-2.20, which is the price level traded prior to the announcement of the merger proposal.

Read carefully... Nobody said merger off... Only the edge claim... Haha....let's all mbsbian huatttt arr!!!!....

Yes....still discussion....our gomen want face....they purposely goreng cimb shares close to rhb then push through the deal later this week...

Huatttt aarrrrr hahah

Mbsb has no oil n gas loan exposure...

Majority the mbsb customers are govt servant dude...where got npl

If maybank buy first...the other banks can forget mega merger....just watch...now mbsb is undervalued...very good opportunity

Good company...Maybank buy become bigger first

Haha panic sellers la...it shld not go below pre-merger price...today oversold!

http://www.thestar.com.my/Business/Business-News/2015/01/13/MBSB-keeps-to-standards-Building-society-has-adopted-threemonth-provisioning-rules-since-early2014/?style=biz

Buy when ppl are fear..

http://www.marketwatch.com/story/oil-above-100-never-again-says-saudi-prince-alwaleed-2015-01-12?dist=lcountdown

Oil price usd 46 now....good luck!

Tomorrow limit down

60 cents stocks la...SELL DOWN...!!

http://www.theedgemarkets.com/my/article/smrt-creador-proposes-masterskill-take-over

KUALA LUMPUR (Jan 12): SMRT Holdings Bhd ( Financial Dashboard) and Creador II LLC have proposed to jointly acquire a 30.75% stake in Masterskill Education Group Bhd ( Financial Dashboard) and subsequently launch a take-over for the remaining stake in the firm.

Creador founder and CEO Brahmal Vasudevan said education entity SMRT and private equity firm Creador had proposed to buy the 30.75% stake in Masterskill from major shareholder Siva Kumar M Jeyapalan at 60 sen a share.

SMRT and Creador have entered into a share sale agreement with Siva Kumar for the transaction. The agreement was entered into via SMRT's subsidiary Strategic Ambience Sdn Bhd and Creador's unit Arenga Pinnata Sdn Bhd.

Creador has also made a conditional take-over offer for the remaining Masterkill shares not held by the company at 60 sen a share. Creador intends to maintain the listing status of Masterkill.

"We plan to rename the company (Masterskill) as Asiamet Education Group Bhd.

"Our goal is to to focus on building a new chapter and bring new life into the company with the objective of rebuilding Asia Metropolitan University into a leading educational institution in Malaysia," Brahmal said.

Under the share sale agreement with Siva Kumar, Creador will acquire a 7.75% stake in Masterskill from him.

The remaining 23% will be taken up by SMRT.

Last Thursday (Jan 8), Creador emerged as a major shareholder in Masterskill after acquiring 19.26% in Masterskill.

On Friday, Masterskill said its share trade would be suspended from 4.50pm that day (Jan 9)
till 5pm today (Jan 12) pending a a material announcement.

Prior to the suspension, Masterskill shares were last traded at 71 sen for a market capitalisation of RM376.1 million.

http://www.theedgemarkets.com/my/article/cimb-maybank%E2%80%99s-earnings-could-be-hit-if-1mdb-loan-impaired
KUALA LUMPUR: Malayan Banking Bhd (Maybank) ( Financial Dashboard) may see a negative impact on its financial year 2015 (FY15) bottom line by as much as 5.6%, assuming a 10% provisioning for its total loan exposure to 1Malaysia Development Bhd (1MDB) that could amount to some RM5.5 billion, said CIMB Investment Bank (CIMB IB) Research.

“The market is concerned about Maybank’s exposure to 1MDB as the local press reported that 1MDB had failed to pay a RM2 billion loan due on Dec 31, 2014. We gather that Maybank’s loan exposure to 1MDB could amount to RM5.5 billion. A 10% provisioning for this would trim Maybank’s FY15 net profit by 5.6%, based on our estimates,” wrote CIMB IB’s analyst Winson Ng in a report dated Jan 6.

On Tuesday, The Edge Financial Daily reported that 1MDB had failed to repay the RM2 billion loan to local lenders due on Dec 31, 2014. It quoted sources saying 1MDB was given until Jan 30, 2015 to settle the debt that was originally due on Nov 30, 2014. Maybank and RHB Capital Bhd ( Financial Dashboard) are the lead lenders of the loan.

Assuming the worst-case scenario, CIMB IB’s Ng said a full impairment of Maybank’s loans to 1MDB would slash 56% of his estimated net profit for Maybank in FY15 and cut the target price by about 44 sen to RM12.06.

But he believes an impairment of the loan is unlikely to occur as it is guaranteed by the government of Abu Dhabi. Furthermore, the loans would be settled if the sovereign wealth fund successfully lists its energy unit Edra Global Energy Bhd this year. “Hence, we do not see a high likelihood of full impairment of the loans,” said Ng.

The Maybank management declined to comment on its loan exposure to 1MDB, citing the Banking Secrecy Act.

A market observer said Maybank’s earnings will not be impacted at all as any impairment of the loan, if defaulted, is not likely to occur.

“The loan was due in November, but it was never impaired. Then, it got extended to December, which was also never impaired. It (the repayment) will forever be due and forever never be impaired,” she told The Edge Financial Daily over the telephone.

“So, if it is never impaired, how will it impact the [Maybank] financials?” she said rhetorically.

The market observer, however, warned that Maybank could suffer in terms of investor sentiment on its stock, citing that there would be an “overhang” until the issue surrounding the 1MDB loan is resolved.

Meanwhile, PKR lawmaker Wong Chen told The Edge Financial Daily that 1MDB’s failure to repay its RM2 billion loans to RHBCap and Maybank on time was very worrying.

“We wish to remind the government that the rakyat via the Employees Provident Fund (EPF), own substantial stakes in both RHBCap (41%) and Maybank (14%).

“As such, 1MDB should not be given special ‘national interest’ treatment and all dealings by the banks must be transparent and above board,” he said.

According to Wong, “legal proceedings should immediately proceed” should 1MDB miss the new Jan 30, 2015 deadline. Considering the size of the loans, he urged Maybank and RHBCap to publicly commit to this tough position to safeguard the reputation of the banking sector.

“We are also very worried about the damage this episode has on the expected March 2015 IPO (initial public offering) of 1MDB Energy (now known as Edra Global Energy).

“It sends a very negative perception of the viability of the IPO when the parent company can’t get its financial act together,” Wong said, adding that 1MDB should immediately return the Cayman Island money and use that to pay off the RM2 billion debt.

Sources told The Edge Financial Daily that the inability of 1MDB to meet its debt obligation on time showed how it is struggling with its cash flow.

Sources also said the matter was brought to the attention of Bank Negara Malaysia, whereby 1MDB chairman Tan Sri Lodin Wok Kamaruddin, director Tan Sri Ismee Ismail and former chief executive officer (CEO) Mohd Hazem Abdul Rahman were given a dressing-down by the central bank.

The 1MDB executives were told in very strong terms that they will face action if the matter is not settled.

Meanwhile, newly-appointed CEO of 1MDB, Arul Kanda Kandasamy, declared on Tuesday that his “first priority” was to undertake a comprehensive strategic review of 1MDB’s operations. He also stressed that the state investment company is a “responsible borrower”. It remains to be seen how fast this could translate into actions.

http://www.theedgemarkets.com/my/article/cimb-research-maintains-add-genting-malaysia-trims-target-rm538

KUALA LUMPUR (Jan 8): CIMB Research has maintained its “Add” rating on Genting Malaysia Bhd (GenM) at RM3.94 with a lower target price of RM5.38 (from RM5.51) and said GenM provided guidance on the negative impact of GST on FY15’s earnings, which it would absorb.

In a note Jan 7, CIMB Research this proved higher than house estimates and the research hosue reflected this accordingly in its FY15-16 forecasts.

“Also, a sizeable provision for costs associated with the failed NY casino bid will be made in 4QFY14. On the positive side, its land in Miami has appreciated strongly and approval has been given for the new gaming capacity.

“Our RNAV-based target price falls slightly to RM5.38 on lower FY16 EBITDA, mitigated by revaluation surplus for Miami.

“Maintain Add, with gaming capacity addition in late-2015 as a potential re-rating catalyst,” it said.

At 9.14am, GenM rose 0.51% or two sen to RM3.94 with 139,200 shares done.

Imagine if u missed paying your credit card...U already kena late payment charge, interest charge, bad ccris record...this one 1mdb missed 2 billion repayment...foreigners already scared and no confident....throw back the share for u msian to hold....cheap things no good....good things no cheap

http://www.thestar.com.my/Business/Business-News/2015/01/07/Maybank-leads-KLCI-lower-on-worries-about-loan-exposure/?style=biz

More sell down by foreigners!!...just watch...

Don't be stupid...1mdb missed the payment...maybank 5.5 billion loan exposure

in a bear market they can argue all they want but its still gonna crash because it havent hit 1 year low

oil price cannot save them.....RM also drop significantly...foreign investor selldown

huge selldown for air asia tomorrow..

our currency drop so low...no point la