Posted by Johnson Wong > 2016-03-03 20:23 | Report Abuse

Good counter for upcoming new bnm gavernor

Posted by Johnsonwong > 2016-03-04 08:48 | Report Abuse

ACCUMULATING WHILE WAITING FOR NEW GAVERNOR ANNOUNCEMENT

Posted by Jeffyap > 2016-03-04 10:05 | Report Abuse

the revenue keep increasing but the profit drop so much~
anyone know the reason?

Posted by member41 > 2016-03-04 10:16 | Report Abuse

Jeff is due to impairment entries.

Posted by Junichiro > 2016-03-04 10:37 | Report Abuse

impairment = a more polite word for NPL

Posted by cyeec2000 > 2016-03-04 10:42 | Report Abuse

New gavernor is going to impact this counter?

Posted by babu > 2016-03-04 11:00 | Report Abuse

maybe the new governor macham new broom very much easier to give instructions for banking sector consolidation and we will have fewer but much, much stronger banks .... this will be good for all banking stocks !

Posted by Johnsonwong > 2016-03-04 13:46 | Report Abuse

REMEMBER THE NEW CEO FOR PETRONAS IN THE BEGINNING OF 2015? ALL OIL AND GAS COUNTER SHARE PRICE RISED TO WELCOMING NEW CEO OF PETRONAS. THEREFORE , I STRONGLY BELIEVE ALL COUNTER RELATED TO FINANCE MUST BE RISEN TOO FOR NEW BNM GAVERNOR. AS THIS MBSB COUNTER SHARE PRICE WAS REASONABLE LOW AND EASIEST TO PUSH UP

Posted by Johnsonwong > 2016-03-04 14:03 | Report Abuse

1. This counter share price already achieved historical low price. It is not logic for a counter with share price keep on dropping which provide finance facilities business as a ground and it is GUARANTEE profitable business.

2. A successful tycoon out of sudden acquired huge share there must be hidden potential for this counter that we cant see in the short period of month one or two. So should we wish to get very good return and successful in share market.We should follow the people who was already success.

Posted by yipgusing > 2016-03-04 14:13 | Report Abuse

y this chua bought in such a huge volume ....
merge with rhb again ?

Posted by cyeec2000 > 2016-03-04 15:13 | Report Abuse

I think he has keep Mbsb quite some time..

Posted by socaisocai > 2016-03-04 22:57 | Report Abuse

chua's daughter marry HL group Kweek youngest son...i think HLB and MBSB will have merge soon..hehe

Posted by ktlum84 > 2016-03-04 23:52 | Report Abuse

But Quek Leng Chan become one of the shareholders to the RHB bank recently

Posted by I_like_dividend > 2016-03-05 04:52 | Report Abuse

Chua Ma Yu won't sell for 10 sen gain unlike retailers.

Posted by Activetrader > 2016-03-05 11:15 | Report Abuse

his entry price should be higher than all of us :)

Posted by wahlauerr > 2016-03-06 14:52 | Report Abuse

He bought his 6% stake from open market, so far the lowest for MBSB also in the range of 1.3x.
With this entry price, don't think CMY will profit taking with just 0.10-0.20 only. Furthermore, he was the deal sweetener for RHB and with his past background as banker, it is very likely something wil lhappen to MBSB soon.

Posted by firehawk > 2016-03-07 10:17 | Report Abuse

Buying queue sustain .... good sign :-)

Posted by sudahkena > 2016-03-07 10:18 | Report Abuse

impairment program for 2015 is 75%.. so 2016 another 25%... correct me if I wrong???

Posted by KG1967 > 2016-03-09 12:17 | Report Abuse

no matter what buy now so no regret

Posted by cyeec2000 > 2016-03-09 13:14 | Report Abuse

Yup, hopefully it dropped further I wanna to increase my holding too

Posted by cyeec2000 > 2016-03-10 19:08 | Report Abuse

Right issue again

Posted by kquah3 > 2016-03-10 19:36 | Report Abuse

right issue is good news or bad news?

Posted by cooling > 2016-03-10 19:51 | Report Abuse

means dilute shares la...tomolo sure drop..gone already..going back to 1.20

Posted by smartly > 2016-03-10 21:03 | Report Abuse

right issue arrrr..
gone case liso.

Posted by smartly > 2016-03-10 21:04 | Report Abuse

right issue to raise 2b, wow almost double of current mbsb shares. (2.8b shares)

Posted by smartly > 2016-03-10 21:04 | Report Abuse

some more got warrant due to convert to mother, further dilute.

Posted by smartly > 2016-03-10 21:06 | Report Abuse

2.8b + 13m (warrant) + 2b = 4.93b shares, wah a gigantic share that even bigger than PBB after the exercise.

Posted by smartly > 2016-03-10 21:08 | Report Abuse

how to go up with such pathetic loss making q ?

Posted by smartly > 2016-03-10 21:10 | Report Abuse

xie liao, i will cut loss tomorrow.
loss till kaw kaw this time. (cry also no tearsssss)

Posted by smartly > 2016-03-10 21:11 | Report Abuse

another holland king... :(

Posted by ktlum84 > 2016-03-11 01:29 | Report Abuse

keep asking money from shareholders!!

Posted by GODinvest > 2016-03-11 01:35 | Report Abuse

Tiu Mia ma so hai ceo , ma you holland also 。。。

Posted by sudahkena > 2016-03-11 07:26 | Report Abuse

subscribe 1..get 2 ?????

Posted by sudahkena > 2016-03-11 07:29 | Report Abuse

tht y they give ciput div....?

Posted by cooling > 2016-03-11 07:29 | Report Abuse

losing money like shit.....now use public money and epf money to bailout.....I'm gonna cutloss first thing in the morning..

Posted by cooling > 2016-03-11 07:32 | Report Abuse

speedy boy...u can hold....but I will buy back lower

Posted by kquah3 > 2016-03-11 08:30 | Report Abuse

I sold all last round when the merge RHB+MBSB with CIMB ... MBSB need to change their management team..

Posted by aliyusof > 2016-03-11 09:08 | Report Abuse

Chua Ma Yu bought more 100m shares and he surely know about this right issue thing before buying. Think he knows something long term which we do not know. Your holding will not be diluted if you take up the right issue. This CMY is going to cough out a lot money for right issue. So, u think he does this for fun, being a seasoned and successful stock investor?

Posted by FLINV > 2016-03-11 09:13 | Report Abuse

If drop pls drop more so I can average down

Posted by contango > 2016-03-11 11:11 | Report Abuse

Rights issue long overdue. Reckless lending.

Posted by pputeh > 2016-03-11 13:10 | Report Abuse

Dec 2013 rights issue. Now again. My God no end of asking for money but share does not perform. The whole management team should be sacked & replaced with people from Public Bank. They can teach these fellas how to run the co.

Posted by Bursa Wolf > 2016-03-11 13:15 | Report Abuse

EPF to pump RM1.3b into MBSB


By Supriya Surendran / The Edge Financial Daily | March 11, 2016 : 8:55 AM MYT



KUALA LUMPUR: Being the major shareholder, the Employees Provident Fund (EPF) will be pumping as much as RM1.3 billion into Malaysia Building Society Bhd (MBSB) to subscribe to the latter’s proposed renounceable two-call rights issue.

MBSB, which has terminated two merger talks within 13 months, yesterday announced to Bursa Malaysia its proposal to undertake a renounceable two-call rights issue to raise up to RM2 billion — an amount equivalent to almost half of its current market capitalisation of RM4.09 billion.

The first call of the rights issue will be payable in cash and the second call shall be capitalised from MBSB’s share premium and/or retained earnings account, according to the announcement to Bursa.

“The issue price (comprising the first call and the second call) and the entitlement basis for the proposed rights issue have not been fixed at this juncture to provide flexibility to the board in respect of the pricing of the rights shares and the number of rights shares to be issued,” said MBSB.

EPF is the single largest shareholder of MBSB with a 65.1% stake, followed by tycoon Tan Sri Chua Ma Yu, who bought a 6.06% stake last week. Meanwhile, Permodalan Nasional Bhd owns 3.32% of MBSB’s shares.

In the announcement, MBSB said it had procured a written undertaking dated March 10 from the EPF board, which has undertaken to subscribe in full for its entitlement under the proposed rights issue based on its shareholdings of 1.85 billion MBSB shares as at March 4.

EPF’s undertaking is subject to first call being priced at a minimum discount of 25% to the theoretical ex-rights price (TERP) based on the five-market-day volume weighted average price (VWAP) of MBSB shares up to the market day preceding the announcement of the price-fixing.

“Based on EPF’s shareholdings and the maximum gross proceeds, the undertaking will be up to RM1.3 billion [and] the remaining portion of rights shares for which no undertaking is obtained will be fully underwritten,” said MBSB.

It also noted that it is the board’s intention the first call to be priced at a discount of at least 25% to the TERP based on the five-market-day VWAP of MBSB shares immediately preceding the price-fixing date.

MBSB’s share price has been on a decline since October 2014, falling from the peak of RM2.52 to a low of RM1.30 in August 2015. The stock closed at RM1.44 yesterday.

MBSB, which is currently undertaking kitchen sinking exercise booking in massive provision for non-performing loans (NPLs), said the proposed rights issue is in line with its strategy to strengthen its core capital.

The proposed rights issue will also enable MBSB to increase its leverage ratio to at least 12.5% in compliance with Bank Negara Malaysia’s requirement, it added.

MBSB’s net profit shrank to RM257.59 million for the financial year ended Dec 31, 2015 (FY15) from RM1.01 billion the previous year. The sharp fall in earnings was mainly dragged down by provision for NPLs that swelled to RM697.2 million, compared with RM126.2 million in FY14.

MBSB has been in two merger talks since 2014. Last month, MBSB and Bank Muamalat Malaysia Bhd aborted their plan for a merger to create the country’s largest stand-alone Islamic bank. Prior to that, MBSB was part of a failed mega bank merger with CIMB Group Holdings Bhd and RHB Capital Bhd, which was called off in January last year.

Based on MBSB’s issued share capital of 2.84 billion as at Feb 29, the capital outlay required from an entitled shareholder holding 1,000 MBSB shares, who wishes to subscribe to his entitlement, is about RM705.

Posted by ktlum84 > 2016-03-11 13:43 | Report Abuse

Actually MBSB had issued a Sukuk to fundraising the company in 2013, and why still needs to propose another right issue!! Some more, right issue being proposed on 2013 DEC.. need so much money operate this company meh!!!!!!!!

Posted by BeatIt > 2016-03-11 13:46 | Report Abuse

EPF buy doesn't mean will up. Question is will it be easier to get housing loan to increase demand.

Posted by BeatIt > 2016-03-11 13:51 | Report Abuse

Gomen should also seriously consider abolish/ reduce rpgt, stamp duty, gst to get property market out of slump.

Posted by ktlum84 > 2016-03-11 14:05 | Report Abuse

MBSB interest rate damn high, some more, products all obsolete, who want apply from it, there are plenty banks in malaysia which offer a better choices!

Posted by kk123 > 2016-03-11 14:46 | Report Abuse

Now mbsb asking for money - later reckless lending again round 2..

Posted by GODinvest > 2016-03-11 15:26 | Report Abuse

Ma you buy in reason for what ? Merge bank?

Posted by ktlum84 > 2016-03-11 17:29 | Report Abuse

for fool us to push up the price lo:)

Posted by sengtong88 > 2016-03-11 17:51 | Report Abuse

if you are monitoring the volume today. Somebody is collect huge amount at 1.38.