2 people like this.

10 comment(s). Last comment by paperplane2016 2016-12-22 00:40


686 posts

Posted by fattycat > 2016-11-22 10:43 | Report Abuse

thanks for sharing


1,007 posts

Posted by SALAM > 2016-11-22 11:06 | Report Abuse

Thank you for your effort Ahbi, appreciate !!


1,126 posts

Posted by Jay > 2016-11-23 08:57 | Report Abuse

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


24 posts

Posted by ahbi > 2016-11-23 12:16 | Report Abuse

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)


24 posts

Posted by ahbi > 2016-11-23 12:17 | Report Abuse

refer to Q2 2016,pg 8,
Financing: 1113(6m 2016), 990 (6m 2015)


1,528 posts

Posted by yuanlong57 > 2016-11-23 14:02 | Report Abuse

Ahbi, great job for the comparative forensics.

Posted by Teacoffce > 2016-11-29 15:23 | Report Abuse

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 ..


24 posts

Posted by ahbi > 2016-12-06 14:20 | Report Abuse

更正:MBSB impairment programme 将于2017年12月完成,如第3季Qtr 2016分析师简报会上所述。

Chong Hon

110 posts

Posted by Chong Hon > 2016-12-22 00:34 | Report Abuse

Ty for correction


21,473 posts

Posted by paperplane2016 > 2016-12-22 00:40 | Report Abuse

MBSB is lousy i heard..........

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