Posted by Mittens > 2017-02-21 23:08 | Report Abuse

QR tomolo?

Posted by Force > 2017-02-22 07:46 | Report Abuse

Sure no good 1 ... drop ah...

Posted by Kevin Bc > 2017-02-22 10:08 | Report Abuse

Home / Business News


Islamic banking merger and acquisition plausible: AllianceDBS

Published on: Tuesday, February 21, 2017

Kuala Lumpur: A new wave of merger and acquisition (M&A) activities in the Islamic banking space is plausible, although the timing remains the key risk, says AllianceDBS Research.
Potential M&A candidates include the Malaysia Building Society Bhd (MBSB), and Bank Muamalat Malaysia Bhd (Muamalat), it said in a statement today.

AllianceDBS said MBSB was appealing because of its lucrative personal financing business and sizeable Islamic banking assets while the unlisted Muamalat potential was from a long awaited pare down in ownership by its largest shareholder, DRB-Hicom Bhd.

Albeit, indirect, it added Bursa was also a proxy to growth in Islamic banking as transactions on its commodity trading platform, Bursa Suq al-Sila (BSAS), were expected to increase in conjunction with Islamic financing growth.

The research house added domestic Islamic financing growth was expected to continue outpacing conventional loans growth, driven by regulatory push for internationalisation of Islamic finance.

"We expect domestic Islamic financing growth to continue outpacing conventional loans growth with a four-year compound annual growth rate of 12 per cent over financial year 2015 until 2020, opposed to two per cent for conventional loans," said AllianceDBS.

This, it said, was mainly underpinned by a growing push by banks to fulfil Bank Negara Malaysia's target of 40 per cent proportion of Islamic financing to total system loans.

AllianceDBS said there was hope for further growth pinned on the increase in financial inclusion for the industry through product innovation.

"Product innovation will be the game-changer.

"Given the knowledge and expertise acquired through actively pioneering initiatives and delivering solutions in the Islamic banking industry, Malaysia is indisputably making inroads to becoming the global hub for Islamic finance," it said.

The research house named the main Islamic banking proxy — the BIMB Holdings Bhd (BIMB) – as the largest Bursa-listed Shariah compliant financial institution with strong potential to lead product innovation.

"We like BIMB (holding company of Bank Islam) for its deep-rooted expertise in the industry, which we believe forms a strong competitive advantage as it positions them as a likely leader in product innovation.

"Maybank Islamic complements the Islamic banking scene for its size and established regional presence which will work to its advantage in competing on the global front," it added. –Bernama


http://www.dailyexpress.com.my/news.cfm?NewsID=115898

Posted by nich0las > 2017-02-22 13:19 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5343101

Posted by 100percentprofits > 2017-02-22 13:28 | Report Abuse

The Q results are out.
The performance is strong, considering that they are in the midst of their impairment program.
Highest PBT in 7 quarters.

PAT affected due to deferred Tax adjustment of RM105mil, leaving net profit to be RM45mil

Posted by msgpic2003 > 2017-02-22 13:40 | Report Abuse

why price no move???what happen?

Posted by darkangell > 2017-02-22 13:50 | Report Abuse

After 30min more will move

Posted by lskhin > 2017-02-22 13:51 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5343105

Posted by RedEagle > 2017-02-22 13:59 | Report Abuse

Same proposed dividend to last year..Good

Posted by Traderi3 > 2017-02-22 14:50 | Report Abuse

Gogogo MBSB!

Posted by G-boy > 2017-02-22 14:53 | Report Abuse

operating profit better than last year.
impariment losses less than last year, that why this ear earn. haha

Posted by G-boy > 2017-02-22 14:56 | Report Abuse

just can say..expected result...haha

Posted by hero666 > 2017-02-22 15:02 | Report Abuse

Still waving around 1.15+-..... no really surprise la, pricing wise still not able to break resistance

Posted by G-boy > 2017-02-22 15:15 | Report Abuse

most surprise is dividend still 3sen..haha

Posted by Mittens > 2017-02-22 15:15 | Report Abuse

3 cts div. Good!

Posted by hero666 > 2017-02-22 15:39 | Report Abuse

you sell now , then rebuy it on May16 also can be entitled la. plenty of time to get the dividend, now the selling trend damn strong @@

Posted by smalltimer > 2017-02-22 15:55 | Report Abuse

The Board of Directors has recommended a Single-Tier Final Dividend of 3.0% (3.0 sen net per Ordinary Share) for the financial year ended 31 December 2016.

Posted by LOO99 > 2017-02-22 16:13 | Report Abuse

Ha3...0.03 cool

Posted by Erie > 2017-02-22 16:25 | Report Abuse

lets break 1.20 again

Posted by LOO99 > 2017-02-22 16:32 | Report Abuse

Gud result...

Posted by LOO99 > 2017-02-22 16:34 | Report Abuse

Possible gap up tmrrow

Posted by red_85 > 2017-02-22 17:08 | Report Abuse

par value is 1 la...zzz..dont simply post wrong info

Posted by musangfoxking > 2017-02-22 17:15 | Report Abuse

RM1? then i erred!!! mintak maaf

Posted by Wesley Cheng > 2017-02-22 17:46 | Report Abuse

Tomorrow can up some more?

Posted by Kevin Bc > 2017-02-22 18:20 | Report Abuse

MBSB net profit at RM201.4mil in FY16


KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) posted a net profit of RM45.6mil in the fourth quarter ended Dec 31, 2016, compared with a net loss of RM15.8mil in the same period a year ago.

The group’s pre-tax profit for the fourth of RM150.8mil increased by RM77.1mil as compared to the preceding quarter pre-tax profit of RM73.7mil. The increase was mainly due to lower allowances for impairment losses on loans, advances and financing and higher net operating income.

Its revenue, however, was lower at RM819.4mil in the fourth quarter against RM825.68mil previously.

MBSB board of directors has recommended a single-tier final dividend of 3.0% (3.0 sen net per ordinary share) for the financial year ended Dec 31, 2016.








The company said based on the share capital of 5.79 billion ordinary shares as at Feb 10, 2017, the single-tier final dividend payable would be approximately RM173.963mil.

For the full financial year ended Dec 31, 2016, MBSB posted a net profit of RM201.4mil, or 4.90 sen earnings per share, on revenue of RM3.27bil.

“We are pleased with the results considering the challenging economic environment last year that has dampened market sentiments. For MBSB, it was tougher but in anticipation of such prospects, we had treaded the year with caution and great prudence ensuring we are able to maintain business momentum as well as sustain profitability level.

“I believe we have accomplished that,” president and CEO Datuk Seri Ahmad Zaini Othman said in a statement.

Gross loans, advances and financing grew to RM35.28bil from RM34.11bill, a marginal increase of 3.45% or RM1.17bil.

On this, Ahmad Zaini said: “While we had strengthened market position in financing government contracts and projects especially the affordable housing, we are pleased to note that the new foray in SME segment continued to show promising results since the offer of equipment financing began two years ago.

“Revenue growth was four-fold from previous year, partly contributed by our new market presence in the northern and southern regions”.

MBSB’s retail financing assets remained the key contributor to its revenue with an asset composition between retail and corporate at 81:19 for year 2016 as compared with 85:15 in 2015.

Its net impaired financing/Loans ratio declined to 2.87% from 2.99% in 2015. Another positive indication also came from the financing/loans loss coverage ratio which had increased to 109.24% from 92.23%.

MBSB said in strengthening its liquidity position, the group had boosted investments in liquefiable assets achieving growth of RM1.37bil and as a result, contributing to the total income. Liquid assets stood at RM9.28bil as at Dec 31, 2016, rising by 17.33% as compared to RM7.9bil for the previous year.

The increased investment is in tandem with the net proceeds received from a rights issue of RM1.7bil completed in July 2016 which also increased the group’s leverage ratio to 14.38% as at Dec 31, 2016. To further support business expansion, the group had also accomplished in raising deposit level from RM28.58bil in 2015 to RM30.61bil as at Dec 31, 2016.

Commenting on its prospects, Ahmad Zaini said the heightened economic uncertainties and challenges leave us with no choice but to be resolute and optimistic.

“As it is, MBSB has developed and strengthened its capabilities in selected corporate segments that are well-linked and involved in the government projects, especially in the areas of education, infrastructure and now, the affordable housing. We are well supported by a qualified in-house technical team who monitors projects efficiently to identify and address project risks.

“Hence, MBSB hopes to benefit from the government’s efforts in continuing to roll out various construction and property projects to support the country’s economic growth,” he added.

Read more at http://www.thestar.com.my/business/business-news/2017/02/22/mbsb-net-profit-at-rm201-4mil-in-fy16/#cmcBHPS85srdAwK2.99

Posted by Wahlauerr988 > 2017-02-22 20:14 | Report Abuse

MBSB is back with positive result now. Go go go

Posted by huntsmen > 2017-02-22 21:24 | Report Abuse

after those short term take profit,,will start to move with merger catclyst again..hold on and buy on dip

Posted by Woody > 2017-02-22 23:52 | Report Abuse

@ Wellington, Good news out with higher profit margin 389%, 3cents dividend.. banking license soon. Share price sure up :-D

Posted by RedEagle > 2017-02-23 08:37 | Report Abuse

Go go MBSB.. TP 1.50 :)

Posted by Mikkel Low > 2017-02-23 10:16 | Report Abuse

GOGOGO MBSB~~~~

Posted by LOO99 > 2017-02-23 10:47 | Report Abuse

Going meletup...ASAP

Posted by hero666 > 2017-02-23 11:04 | Report Abuse

wow really gonna meletup.... so strong selling trend comes with very firm support buying against it wow the volume hitting so high yet cant lower the price ! bagus

Posted by Woody > 2017-02-23 18:11 | Report Abuse

No show yet.. sigh

Posted by fongchinpoc > 2017-02-23 20:40 | Report Abuse

tenanga said fast fast sell

Posted by fongchinpoc > 2017-02-23 20:41 | Report Abuse

kenanga said fast fast sell

Posted by LOO99 > 2017-02-23 23:00 | Report Abuse

In stock markets...rarely investors make money by following bank researh houses call. If u follow kenaga you can wait mbsb price fall 12%. Buy actually there are many catalyst..

Posted by hero666 > 2017-02-24 10:25 | Report Abuse

http://www.enanyang.my/news/20170224/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%9130%E8%82%A1%E5%A2%9E%E5%87%8F%E5%90%84%E5%8D%8A-%E4%B9%B0%E4%BA%91%E5%8D%87%E4%B8%9C%E7%9B%8A%E7%94%B5%E5%AD%90br-%E5%85%AC%E7%A7%AF%E9%87%91%E6%9C%AB/

Posted by hero666 > 2017-02-24 10:26 | Report Abuse

KWSP didnt decrease (throw) MSB share percentage at all, just minor adjusting at the moment. Dont give out funny2 rumor here la guys

Posted by Ming Koay > 2017-02-24 11:21 | Report Abuse

kenanga said sell then need to fast fast buy =P

Posted by Erie > 2017-02-24 11:54 | Report Abuse

kenanga also asked to sell Dnex at .28 last month..u can see where Dnex is now..whoever follow its call must be cursing now for missing the boat..hehe

Posted by LOO99 > 2017-02-24 17:36 | Report Abuse

Good closing..

Posted by kllee > 2017-02-24 18:35 | Report Abuse

Every day increase 1 cent also not bad !

Posted by musangfoxking > 2017-02-25 09:41 | Report Abuse

better 1 sen per week!!! fast attracts day traders, will make big fluctuations!!!!

Posted by Tok Batin > 2017-02-26 06:44 | Report Abuse

MBSB-AFB merger may be a cash and shares affair as reported by The Edge 27th Feb Issue

Posted by Force > 2017-02-26 10:30 | Report Abuse

Every time like that la... look like jadi end out habis... don't chase to buy,sure got cheap price to buy

Posted by LOO99 > 2017-02-26 14:05 | Report Abuse

Mbsb Afb merger ...wah sure meletup! Again. Dont miss the boat. Easyly up more than 1.50.

Posted by leoting > 2017-02-26 17:30 | Report Abuse

http://leoting81.blogspot.my/2017/02/1171-mbsb-3_22.html

Posted by huntsmen > 2017-02-26 17:40 | Report Abuse

meletup soon..hang on..will be a rocket to space soon

Posted by leoting > 2017-02-26 23:22 | Report Abuse

情归何处 http://leoting81.blogspot.my/2017/02/1171-mbsb-5.html

Posted by Myeye > 2017-02-27 08:53 | Report Abuse

~.~