Posted by smartly > 2015-10-02 10:35 | Report Abuse

sapu....

Posted by smartly > 2015-10-02 10:36 | Report Abuse

mbsb wants to be a full fledged bank

Posted by audacity > 2015-10-02 11:52 | Report Abuse

KUALA LUMPUR (Oct 2): Malaysia Building Society Bhd ( Valuation: 3.00, Fundamental: 1.20)'s (MBSB) planned merger with Bank Muamalat Malaysia Bhd is expected to create a financial services entity with a collective asset size of some RM60 billion.

Affin Hwang Investment Bank Bhd ( Valuation: N/A, Fundamental: N/A) wrote in a note today that MBSB and Bank Muamalat's assets were valued at RM41 billion and RM22 billion respectively. DRB-Hicom Bhd ( Valuation: 2.00, Fundamental: 0.00) holds a 70% stake in Bank Muamalat while Khazanah Nasional Bhd has 30%.

Affin Hwang said, "It is still preliminary and there could be potential write-offs of the loan book subsequent to due diligence exercises, which is likely to follow suit. In our view, the objective of the merger is to enable MBSB to change its business direction and expand as a banking entity."

"We are not too optimistic [about] the merger, as previously there have been other merger discussions between Bank Muamalat and other parties that were unsuccessful," Affin Hwang said.

Affin Hwang said earlier merger talks involving Bank Muamalat were unsuccessful due to "asset quality risks".

On MBSB, Affin Hwang said it maintained its "hold" call for the stock with an unchanged target price (TP) of RM1.80.

Shares in MBSB and DRB-Hicom rose among Bursa Malaysia's top gainers on news that Bank Negara Malaysia has approved the merger negotiations.

MBSB jumped as much as 16 sen or 11% to RM1.67 before narrowing gains to RM1.63 at 10.19am. At 11.07am, MBSB was the sixth-largest gainer on the exchange.

At RM1.63, MBSB has a market capitalisation of RM4.63 billion.

DRB-Hicom rose as much as nine sen or 7% to RM1.42. At 11.12am, the stock pared gains at RM1.40 for a market value of RM2.71 billion.

Public Investment Bank Bhd said it was keeping its "outperform" call on DRB-Hicom shares with a TP of RM2.17.

Commenting on the deal, Public Investment said DRB-Hicom derived 7.7% of its revenue from the banking segment for financial year ended March 31, 2015.

"Going forward, potential disposal of 30%-stake in Bank Muamalat will reduce the services segment earnings," Public Investment said.

Posted by Wang Masuk > 2015-10-02 16:22 | Report Abuse

tp 1.8?

Posted by socaisocai > 2015-10-05 10:06 | Report Abuse

so after merge, MBSB still same name or using Mualamat? and our share still there or not..

Posted by Icon8888 > 2015-10-05 10:09 | Report Abuse

maybe called MuaBSB

Posted by Parttimetrader > 2015-10-05 14:04 | Report Abuse

ya lor.. what will happen to our share? force sell?

Posted by leslieroycarter > 2015-10-08 10:55 | Report Abuse

not much meat liao

Posted by Woody > 2015-10-08 21:28 | Report Abuse

Bank Malaysia Mua. :D

Posted by Wang Masuk > 2015-10-08 23:32 | Report Abuse

National Bank Berhad?

Posted by firehawk > 2015-10-20 15:54 | Report Abuse

si pok kai sells 1 lot, 1 lot , 1 lot ...... @1.58!

Posted by ktlum84 > 2015-10-20 23:41 | Report Abuse

some one is blocking the share price, within 1.58 to 1.60, what is the purpose ?

Posted by Hulk > 2015-10-21 05:13 | Report Abuse

ktlum84 & firehawk, if some one purposely push down / control the price at 1.58-1.60....that's mean this stock will up soon.

Posted by force > 2015-10-21 08:18 | Report Abuse

Dont think so

Posted by Wang Masuk > 2015-10-21 20:18 | Report Abuse

1.8 tp

Posted by ktlum84 > 2015-10-21 22:20 | Report Abuse

hopefully the share price can rebound in this month

Posted by Parttimetrader > 2015-10-22 09:59 | Report Abuse

share only can rebound if got speculators..if not then price will be static like this stock...

Posted by firehawk > 2015-10-22 10:14 | Report Abuse

Hulk, possible lah, somemore, this is GLC, got hope ......

Posted by ktlum84 > 2015-10-22 19:02 | Report Abuse

today obstacle clear, but yet lack of catalyst!!

Posted by ktlum84 > 2015-10-22 19:04 | Report Abuse

perhaps valuecap might be the solution :)

Posted by Parttimetrader > 2015-10-23 11:34 | Report Abuse

wow hit 1.65..good good~

Posted by socaisocai > 2015-10-28 09:55 | Report Abuse

bank Muabsb no news already?

Posted by Wang Masuk > 2015-10-28 11:33 | Report Abuse

keep for long term..

Posted by cyeec2000 > 2015-10-29 13:16 | Report Abuse

I already kept for 2-3 years..will cont to keep it..

Posted by RainT > 2015-11-01 09:26 | Report Abuse

Why the merger with muamalat already silence and no news?
Can keep long term ? Its profit seem not good
Share price cannot move

Posted by Wang Masuk > 2015-11-02 13:04 | Report Abuse

.moving up ??

Posted by cyeec2000 > 2015-11-02 20:43 | Report Abuse

The merger talk has been taken 3 month times from oktober

Posted by Earnest > 2015-11-05 22:58 | Report Abuse

MBSB is one of the most undervalued stock in KLSE. Recent low eps has been factored into current share price. However, once it recovers to previous preformance, its share price will surely shoot up. Its current share price is also lower than its NTA which is 1.69. Worth to have a look for those who looking for value investing. Whether or not it successfully merge with Muamalat Bank is secondary, most important is its own value.

Posted by Yippy68 > 2015-11-06 10:19 | Report Abuse

Agreed with earnest, buy while it is still cheap.

Posted by firehawk > 2015-11-06 15:12 | Report Abuse

very slow .... even WA rises more than mother share!

Posted by helloapple > 2015-11-09 09:41 | Report Abuse

i also keep it for more 1 year, will continue to keep too

Posted by cyeec2000 > 2015-11-09 09:50 | Report Abuse

Dun know why 2 days increased a lot compared to other days.

Posted by socaisocai > 2015-11-09 10:25 | Report Abuse

i think major shareholder selling off now..

Posted by drkervokian > 2015-11-09 11:19 | Report Abuse

pretty good dividend counter despite changing policies to once a year. been buying on weakness and looking forward to the next dividend release. value investing is indeed the key, especially for shares with consistent dividend payouts.

Posted by cyeec2000 > 2015-11-09 14:13 | Report Abuse

It is severe undervalue..

Posted by Parttimetrader > 2015-11-11 09:03 | Report Abuse

bullishhh again..

Posted by jepun_77 > 2015-11-11 12:18 | Report Abuse

Going down after this..

Posted by socaisocai > 2015-11-13 09:28 | Report Abuse

today announce qtr result..dont know should put some hope or not

Posted by smartly > 2015-11-13 10:43 | Report Abuse

finger cross

Posted by cyeec2000 > 2015-11-13 11:51 | Report Abuse

I think the results will be weak but might announce dividends to be given..

Posted by RedEagle > 2015-11-13 12:14 | Report Abuse

scary movie

Posted by socaisocai > 2015-11-13 17:04 | Report Abuse

the annualised Group net return on equity did not meet the target set mainly due to lower operating profit as a result of higher impairment losses on loans, advances and financing.

Posted by kwongliang > 2015-11-13 17:59 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4919293

bad result

Posted by cyeec2000 > 2015-11-13 18:18 | Report Abuse

It's expected bad result..

Posted by member41 > 2015-11-13 21:39 | Report Abuse

Gosh can they even pay 5c dividend this year?

Posted by red_85 > 2015-11-14 00:20 | Report Abuse

expected result..no worries...impairmentlosses program ma...steady la..revenue still high..:D

Posted by force > 2015-11-14 11:28 | Report Abuse

Dont hope so much, see what is reality ... US interest coming dec and slow down economic....

Posted by lloydlim > 2015-11-14 11:38 | Report Abuse

Waiting at 1.00, coming soon!

Posted by cyeec2000 > 2015-11-14 14:18 | Report Abuse

I also hope got rm1.00 price which is very much attractive price to be accumulated more..

Posted by GODinvest > 2015-11-14 15:43 | Report Abuse

1.00? 0.10 better la wakakakaka