Posted by ivan9511 > 2016-03-12 01:00 | Report Abuse

hello guys I heard new share only RM1.00 , am I mistaken , otherwise no eye to see liao...................................................................................

Posted by hian949372 > 2016-03-12 12:18 | Report Abuse

should hold this share? confusing.... the tan sri y buy so many at 1.37 something? is he stupid?

Posted by hian949372 > 2016-03-12 12:36 | Report Abuse

recent news.. got one more shareholder big shareholder coming in.. bank ....thats y tan sri ma buy so many. the merger fail.. another method. bank will slowly merge by taking share step by step. issue new share. lower the share price a bit. let the bank shareholder coming in. then rises up the share price. The Technic use by tan sri before.

Posted by sudahkena > 2016-03-12 14:06 | Report Abuse

tan sri used margin acc coz i saw his shares with nominees??? i think he has a plan...

if u go at minority shareholder watchdog group (MSWG) website...go to newslatter at 4 mac 2016...there are comparison among financial institusion....

Posted by sudahkena > 2016-03-12 14:07 | Report Abuse

if tan sri used margin...he need satblise the shares price and need to take up right issue .....

Posted by Dentist > 2016-03-13 00:30 | Report Abuse

even after announcement of epf buying shares here, still droping liao, any news?

Posted by ivan9511 > 2016-03-13 18:08 | Report Abuse

banking sector future no good maybe

Posted by angiechai > 2016-03-13 22:15 | Report Abuse

omg...how to calculate the dilution????

Posted by cooling > 2016-03-13 22:29 | Report Abuse

the is another bailout from epf after the failed merger.....it will drop further due to bad property sector....looks like Chua mah yu have sent many to Holland....

Posted by cooling > 2016-03-13 22:50 | Report Abuse

better sell now while still can...fair value is only 0.90

http://www.thestar.com.my/business/business-news/2016/03/11/mbsb-rights-issue-to-lead-to-huge-eps-dilution/

KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.

“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement exercises. The capital-raising is needed to recapitalise the group further,” it said.

MBSB is planning to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement.

Under the proposed exercise, the issue price of the rights issue would be payable in two calls – the first call of which would be payable in cash on application by the entitled shareholders and/or their renouncees who wish to subscribe for the rights shares, while the second call shall be capitalised from the company’s share premium and/or retained earnings account.

The financial services provider said it would allocate about RM1bil in proceeds from the proposed rights issue to purchase liquefiable assets, while RM900mil would be used to expand its financing business, RM86mil as working capital and RM14mil for estimated expenses of the rights issue.

Affin said based on an illustrative Rights price of RM1, representing a 26.8% discount to the theoretical ex-rights price of RM1.12, there would be both a minimum and maximum scenarios.

The minimum scenario (8.5 Rights-for-10 shares) involving the issuance of 2,412.8 million rights shares, with the first call priced at 82 sen while the second call at 18 sen while a maximum scenario (8-for-10) with the full exercise of outstanding ESOS and warrants and the proposed dividend-reinvestment-shares, raising altogether 2,355.5 million rights shares, with the first call priced at 84 sen and second call at 16 sen.

“Assuming that MBSB’s earnings remain the same as our 2016-18E forecasts, EPS will likely be diluted by circa 39% to 40%. Return on equity (ROE) may decline by 0.7-1.7 percentage points,” Affin said.

Affin has maintained its “hold” rating on MBSB and an unchanged target price unchanged at RM1.38, based on a 0.75 times P/BV target premised on a 9.1% calender year 2016 estimates ROE.

“Ex-Rights, we estimate MBSB’s fair value to be 90 sen (at a 0.66x P/BV target), based on unchanged 2016-17 estimates profit forecasts. At this juncture, the deep discount of circa 41.7%-43% in the first call subscription price (82 sen-84 sen) to its current share price appears to be fairly attractive, but could potentially spark a selldown of the shares given this dilutive capital raising exercise,” it said.

Affin said the upside risks for MBSB was corporate exercises to enhance earnings while the downside risks was increased delinquency and more impairments on financing books and no implementation of turnaround plans.

Posted by ktlum84 > 2016-03-14 01:01 | Report Abuse

That meant Ma Yu purposely increase his stake because he want to subscribe to right issues...

Posted by alexwest > 2016-03-14 11:20 | Report Abuse

got any suggestion sold or hold for this share

Posted by oasischeah > 2016-03-14 17:32 | Report Abuse

How could this management plan such a lousy idea of rights issue and all at the wrong timing.? It's too late now and most private individuals would opt to sell first. EPF can buy as much as they want and the price still gets negative everyday.

Posted by GODinvest > 2016-03-14 17:53 | Report Abuse

I think alot people lose money in mbsb, I lose money in mbsb , anyone lose how much in mbsb?

Posted by oasischeah > 2016-03-14 20:45 | Report Abuse

Malaysia economy is so bad that any company planning to raise money with rights issue will get dumped,

Posted by tyran > 2016-03-15 00:12 | Report Abuse

i lost quite a lot too, but its time to cut this one off. keep holding and it will go down to 70-80sen, maybe can reconsider buying back once its at that level

Posted by hian949372 > 2016-03-15 10:00 | Report Abuse

i lost 120k in this counter.. i still holding it.. in a dilemma.. should continue? But this company is a good company. the company is under valued. Y?

Posted by cyeec2000 > 2016-03-15 10:46 | Report Abuse

I have been holding Mbsb for 3 years,will continue to hold and looking for subscribe right issue..

Posted by yus7888 > 2016-03-15 17:15 | Report Abuse

For MBSB, Better buy back from the market, do not take the Right issue, market price always cheaper than Right issue price.

Posted by sostupid > 2016-03-15 20:40 | Report Abuse

What the bank is doing is good for EPF but the move is bad for small shareholders: you issue too many shares at too cheap a price, of course the move is bad for small investors. Even EPF is a government company also has to keep the integrity, shouldn't what your agency do also protects small shareholders. If you issue fewer shares and make it more expensive than current stock price, the old stock price will go up. I think even the new shareholder what is the Name Chua is it, he also loses out or blur at what the EPF is doing.

Posted by sostupid > 2016-03-15 20:53 | Report Abuse

For me still I will hold on to the old shares because we all are already losers as the price is at its all time low and they still want to issue cheaper right shares.

Posted by theong > 2016-03-16 10:44 | Report Abuse

Something is not right here out of 20 over quaters result were good suddenly the last quater loss already call for right issues again.

Posted by KG1967 > 2016-03-16 14:23 | Report Abuse

buy 100 lots and keep till 2018

Posted by Yippy68 > 2016-03-17 03:30 | Report Abuse

EPF has their way....long term this counter still be ok

Posted by rainbowyen > 2016-03-17 03:48 | Report Abuse

right issue will cause the price drop very much...this is a good company but MBSB’s is still under loan impairment programme. The key risk is loan provisioning staying elevated for a prolonged period – as part of efforts to improve coverage levels further and/or deterioration in asset quality. A potential capital-raising exercise is also a risk. MBSB’s loan impairment programme – a reflection of its efforts to bridge best practices as part of preparations to turn into a full-fledged Islamic financial institution – should be a longer-term positive for the company.

Posted by rainbowyen > 2016-03-17 04:35 | Report Abuse

the fundamental is still strong but not for short term. the revenue collection keep on increasing every quarter. that's good for EPF and investors...except for the loan impairment programme.

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

2.8 billion share capital and they are issuing 2 billion right shares, just for the purpose of lowering non-performing debts, capital needs, this kind of explaination is very scarely, what is the money for, just for lowering debts, money to construct the new headquarter or what? No money still want to buy headquarter, ask people for money, what ma, pamper child, continue to ask the father again and again for money, become rich by asking the father for money, is this right or not?

Posted by Yippy68 > 2016-03-18 02:23 | Report Abuse

Not right. One day father stop given, see Liau lo.

Posted by cyeec2000 > 2016-03-18 15:01 | Report Abuse

High volume has been traded, who is absorbing?

Posted by ktlum84 > 2016-03-18 18:21 | Report Abuse

MBSB being bailout before....

Posted by ktlum84 > 2016-03-19 14:37 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/03/19/full-bank-licence-the-next-step-for-mbsb/

Posted by cyeec2000 > 2016-03-19 16:09 | Report Abuse

There must be reason, EPF and Chua wanna to subscribe the right issue..

Posted by ktlum84 > 2016-03-20 14:05 | Report Abuse

New Bank Negara Governor Seen like favorable to MBSB- http://klse.i3investor.com/blogs/kianweiaritcles/93099.jsp

Posted by ktlum84 > 2016-03-21 16:56 | Report Abuse

to be honesty... this company's management is worse.. totally different compare with other banks in Malaysia..the best way for this bank to survive is merge only..

Posted by oasischeah > 2016-03-21 21:03 | Report Abuse

Yes, Merging will keep the company to profitability. Rights issue is bad idea.

Posted by Yippy68 > 2016-03-22 04:17 | Report Abuse

At 1.40 I too will run. No hope, taking us to Holland.

Posted by KG1967 > 2016-03-22 12:00 | Report Abuse

doing shit now.....

Posted by thx2012 > 2016-03-22 16:21 | Report Abuse

yes, this share make me loss 8k...

Posted by ktlum84 > 2016-03-22 16:45 | Report Abuse

the bad thing is need to fork out money to subscribe for the right issue...it is forcibly or else your existing share price will be diluted.. sien!!

Posted by ktlum84 > 2016-03-22 16:54 | Report Abuse

MBSB impairment programme extended to 2017.. http://www.theedgemarkets.com/my/article/chua-ma-yus-emergence-mbsb-excites-investors?type=Corporate

Posted by sudahkena > 2016-03-23 14:53 | Report Abuse

how to move with billion unit shares???? now need to take right shares if not...more loss

Posted by ktlum84 > 2016-03-23 17:11 | Report Abuse

cant dispose either! price too low now compare with me purchase price!!!

Posted by Angielim9955 > 2016-03-26 01:50 | Report Abuse

hi team , If Bank going DRS plan , actually is a good news or bad news to investors

Posted by Fam Jenny > 2016-03-26 07:56 | Report Abuse

It is a temporary setback as they have secured debtors where they can recover their debts and plough the profits back to thd next financial years by reducing its provision for bad debts.They may participate in the 1malaysia prima projeccts for a greater share in financing like the S'pore cpf body.
You can sell some and use the fund to subscribe the right calls later.

Posted by KG1967 > 2016-03-28 11:06 | Report Abuse

sleeping with sweet dreams

Posted by sudahkena > 2016-03-28 18:26 | Report Abuse

sleeping with wet dream

Posted by fitt > 2016-03-29 13:02 | Report Abuse

http://www.theedgemarkets.com/my/article/malaysia-building-society-becoming-islamic-after-failed-mergers?utm_source=dlvr.it&utm_medium=facebook

Posted by KG1967 > 2016-03-29 14:45 | Report Abuse

die flat

Posted by yippy68 > 2016-03-30 03:15 | Report Abuse

Yes. Totally flat. 87k in the crocodile pond.

Posted by KG1967 > 2016-03-30 12:09 | Report Abuse

87k is nothing, i got 200k feed those fishes