impairment is just a convenient excuse. look at the profit excluding impairment, it has been on a declining trend for the past 2 years.
MBSB is reducing exposure to government servant now as they screwed up in that segment previously, somehow getting a lot of bad loans from government servant. Aeoncredit and RCE management is much more competent in the moneylending biz
MBSB is one of the few stocks that I cannot agree with coldeye. it's a speculative stock disguised as fundamental
Refer to annual report 2015-2011. Income derived from investment of general investment deposits and Islamic capital fund( FINANCING): FY2015, RM 2,021M (AR 2015, pg 202); FY 2014, 1836M(AR 2015, pg 202); FY2013, 1931M (AR2014, pg 227); FY2012, 1372 (AR 2013, pg 228); FY 2011, 749M (AR 2011, 185 pg); FY 2010, 374M (AR 2010, 185pg)
Hello Ah Bi, absolutely a great sharing. Many thanks .. I am new on this stock but I am still wondering why it needs to obtain the Islamic banking license since mbsb can do almost or equal like bank i.e. Received deposit, loan to corporate, mortgage, car etc.. In short, what is the advantage since with this it is required to comply MFRS 9.. more capital less profit ..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by fattycat > 2016-11-22 10:43 | Report Abuse
thanks for sharing