Posted by stonenut2 > 2016-08-10 12:32 | Report Abuse

Oil price have to up. Oil is controlling the market share too.
If oil price up... many counters like mbsb will up too.
the spill effect is too strong.

Posted by darrenliew > 2016-08-10 13:44 | Report Abuse

MY REASON FOR CHANGING MY MIND FROM A HOLD TO A SELL (after reading Starbiz attached below)
(Jay's blog on 'TO AVOID OR BUY" is quite similiar but more well researched. Jay's view is ALSO to AVOID which to me means SELL/TAKE PROFITS)


Analysts differ on whether the worst is over for the company

PETALING JAYA: Analysts are mixed on non-bank lender Malaysia Building Society Bhd’s prospects following its poor results, with some feeling the worst has been priced in, while others feel the company’s prospects will continue to be dampened on the back of continued poor results and the absence of new catalysts.

Notably, Affin Hwang Capital Research has downgraded the stock to a “sell”, stating that its financial performance is likely to remain weak in the coming quarters.

“With the lack of any near term re-rating catalysts, we believe that such rally in its share price offers a good window to realise gains. Therefore, we downgrade our rating for MBSB to a sell with post-rights 12-month price target at 78 sen based on a 0.65 times 2017 price to book value multiple,” said Affin Hwang.

For the second quarter ended June 30, 2016, MBSB’s net profit was down 26.35% to RM63mil on the back of a 6.1% increase in revenue to RM812.52mil. For the six-month period, net profit was down 53.36% to RM97.84mil on the back of a 11.59% jump in revenue to RM1.63bil.

MBSB was down 3 sen to 89 sen yesterday.

MBSB’s second quarter net profit was down primarily due to higher impaired loan allowances, which rose by 34%. The first half results were also below estimates with operating income declining 1.8% as management continued to focus on corporate loans portfolio in place of the higher yielding personal financing portfolio while provisions spiked 69%. “Management has further guided that loan growth is likely to remain modest for the year while provisions will remain elevated up till FY17. As such, we have made some adjustments to our earnings forecast with lower net interest income forecast for its financial year (FY) ended Dec 31, 2016 and FY17, higher impaired loan allowances of RM750mil per annum along with the adjustment for the dilutive impact of the recently concluded rights issue on earnings and net assets per share,” said Affin Hwang.

Provisions aside, MBSB’s financial performance has been disappointing for the past few years as it struggles to grow its pre-provision operating income.

Moreover, MBSB’s path to obtain a banking license could be longer than expected as management are not actively pursuing such license due to its prohibitive cost.

Posted by The One ⇨ > 2016-08-10 15:05 | Report Abuse

With high P/E, weak results and bleak future.. its price was pushed up from about 70 sen to above 90 sen in just a week. Hmm.. me opine.. just be xtra careful.. dont get trapped..

Posted by acmilan2005 > 2016-08-10 16:00 | Report Abuse

means getting heavier to rise?

Posted by erkongseng > 2016-08-10 16:07 | Report Abuse

路遥知马力,mbsb 黑马！

Posted by Nigel Low > 2016-08-10 16:14 | Report Abuse

Moving off to more productive counter. Gd luck everyone!

Posted by Jay > 2016-08-10 16:35 | Report Abuse

just to clarify for those who may miss it, net asset is not 1.71 anymore, it's 1.15 now (after rights issue), so it may not be as cheap as you think

Posted by boldrun88 > 2016-08-10 16:43 | Report Abuse

Tq for the info

Posted by lefuu > 2016-08-10 16:57 | Report Abuse

Write a comment..tq andgood luck to others!

Posted by blacksnake > 2016-08-10 17:02 | Report Abuse

bad closing again..... MBSB game over..... good luck all shareholders..... next support at 80sen.....

Posted by stonenut2 > 2016-08-10 17:15 | Report Abuse

Wakakaka later up like thheavy sure regret you guys!!

Posted by PlsGiveBonus > 2016-08-10 17:19 | Report Abuse

Ok
Dumb dumb hold like CMY and EPF
May be 80 cents is possible

Posted by wjboyz > 2016-08-10 17:24 | Report Abuse

hahha i Hold mine .. not gonna sell that low.. atleast RM1

Posted by stonenut2 > 2016-08-10 17:34 | Report Abuse

People also say thheavy link with 1M la..Sure later habis la and this that... who knows up 300%

Posted by stonenut2 > 2016-08-10 17:37 | Report Abuse

Think far guys Tp1.50

Posted by Woo John > 2016-08-10 17:41 | Report Abuse

haha.... only last week those so call "expert" was calling to form groups to tap resources for their members betterment. now where are those guys. so dun trust anyone but yourself. u jump into the pit and out they go leaving u behind......

Posted by Woo John > 2016-08-10 17:45 | Report Abuse

this counter is ok but for longer terms, dun forget the impairment spread over 2 years. those silang now in deep shit.

Posted by moneycashrich > 2016-08-10 17:47 | Report Abuse

So fast all running away. Big boys gone to bank to get their profits. A long long hold til better profits and licence.

Posted by wakakaka88 > 2016-08-10 18:40 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/08/10/mbsb-outlook-draws-mixed-views/

Wakakakaka... Told you all don't chase high never listen... Wakakakakakaka now trapped

Posted by stonenut > 2016-08-10 18:54 | Report Abuse

Wakakaka but later news will say MBSB is the best buy... Wakakaka

Posted by JJchan > 2016-08-10 20:07 | Report Abuse

Do i have to wait until next week to enter mbsb (just want to earn 2 roast ducks)...down, down
every day until Friday ----sure rebound

Posted by darkangell > 2016-08-10 20:22 | Report Abuse

If the members here know when up n down, they not here lor...
Here all is sinkalan only....haha...include me

Posted by JJchan > 2016-08-10 20:30 | Report Abuse

Okay Tomolo i go and check with La Tok Kung

Posted by value_invest > 2016-08-10 20:33 | Report Abuse

Big guys had unloaded and distributed since 0.90+... Wait for their next action,,,

Posted by value_invest > 2016-08-10 20:34 | Report Abuse

So well played... Make tonne of $$$$$$$$...

Posted by JJchan > 2016-08-10 23:01 | Report Abuse

When Cimb wants to create the biggest Bank in Malaysia with RHB, EPF quietly wants to inject
mbsb into the group via the back door bcoz mbsb would failed many stress tests (including
impairment charges)

Posted by Jay > 2016-08-10 23:03 | Report Abuse

the bloomberg reporter really should have done her homework before saying something. impairment charges from 2014 has been increasing, not decreasing. 1 important fact got wrong and her whole reporting context is misplaced. seriously these info can be easily pulled from Bloomberg (I saw many right behind her)

Posted by Loh Kok Wai W > 2016-08-10 23:21 | Report Abuse

投资要有耐心，不可能期望一两个月就可以赚大钱 ！这间公司又不是亏本 ，只是少赚吧了 ！分析员的话不能尽信 ，有看好也有看坏 ；重要我们自己要有信心和耐心。

Posted by hian949372 > 2016-08-10 23:22 | Report Abuse

guys. today all small player finished already... tomorrow big fish is in.. to do their jobs. 26% of this company share is in market.. only.. remember that. EPF will push it high high and high

Posted by Loh Kok Wai W > 2016-08-10 23:51 | Report Abuse

yes.....hian949372....!

Posted by erkongseng > 2016-08-11 07:39 | Report Abuse

下午会心一击的。试目以待吧。

Posted by PenguinDad > 2016-08-11 07:59 | Report Abuse

Loh Kok Wai, Agree with what you posted.

Posted by darrenliew > 2016-08-11 08:16 | Report Abuse

JAY. THIS HALF BAKED USED INACCURATE FINANCIAL DATA TO PRESENT THEIR MISLEADING ANALAYSIS IS SHOCKING.
ALSO THE BIG SHAREHOLDERS HAD ALREADY AVERAGED THEIR COSTS VIA RIGHTS +EXCESS.
HENCE UNLIKELY BUY MORE AT THIS JUNCTURE.

Posted by darrenliew > 2016-08-11 08:17 | Report Abuse

half baked analyst

Posted by stonenut2 > 2016-08-11 09:01 | Report Abuse

Today big fish Mari? Wakakkaaka.. can't wait to see

Posted by SharkTank > 2016-08-11 09:05 | Report Abuse

Guys to be fair, EPF can easily take this company private if it wants to, the cost to do so would not be difficult at all hence we must put into context when thinking the share price might go down significantly. I see limited downside.

Posted by stonenut2 > 2016-08-11 09:06 | Report Abuse

Why would epf take? Doesn't make sense.

Posted by gth1234 > 2016-08-11 09:07 | Report Abuse

uptrend now? time to in?

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

Strong recovery to make it to RM0.90....

Posted by stonenut2 > 2016-08-11 09:12 | Report Abuse

Walaaaaap mbsb now..!!!
Don't wait... You will never get this price..
after bad news..good news 're emerge!!!!

Posted by stonenut2 > 2016-08-11 09:27 | Report Abuse

BUY CALL

Posted by zzzzz > 2016-08-11 09:39 | Report Abuse

Red again

Posted by zzzzz > 2016-08-11 09:43 | Report Abuse

0.855

Posted by firehawk > 2016-08-11 09:45 | Report Abuse

is good for those sold earlier ... opportunity to buy back :)

Posted by value_invest > 2016-08-11 09:47 | Report Abuse

Those sold earlier will buy back... BUT not the timing.... wait...

Posted by boldrun88 > 2016-08-11 09:52 | Report Abuse

Buy buy buy

Posted by Chang Wt > 2016-08-11 09:57 | Report Abuse

look at the volume of the one time spike 1500000, signs of sharks returning, buy now or regret later

Posted by Cautious > 2016-08-11 10:04 | Report Abuse

The big boys are back, settlement today and tomorrow new T3 for them...so buy now

Posted by thenewbee > 2016-08-11 10:25 | Report Abuse

big boys? no more? hahaha

Posted by erkongseng > 2016-08-11 10:25 | Report Abuse

This week rm0.90 above