Mbsb will make it this time on AFB . it is buying up and not merging, a matter of how much to pay..simple and no complication compare to the last two cases.
@adamdacutie , no worry abt this counter. No need to monitor until 12 May AGM, got Q report and M&A announcement, then you will see some movement here. Kinda slow now.
been a long wait, base on value mkt price is good, on jv deals no success,on prospects good but when can bank state be given.should; sell hold or buy.decide yrself.
By 12 May AGM can reveal the mystery. And by end JUNE can really know this counter bless us with twofold or higher. I agree is not easy, but no harm and no loss in the end of the day, if m&a is success, then biggest loser is those plp refuse the acknowledge such great potential counter while they had the chance
10% of MBSB paid-up capital to be authorized during AGM is about RM600mil, AFB valuation is also in the range of RM600mil... coincidence?
“Given Malaysia’s banking sector which has been trading below its five-year historical price-book value (PBV) of 1.3 times to 1.5 times, it is fair for MBSB to pay 1.1 times to 1.2 times premium of AFB’s first nine months of financial year 2016 (9MFY16) book value of RM500.1mil to obtain a full-bank licence, which would translate to a price of RM550mil-RM600mil,” said MIDF Research.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dexter150185
583 posts
Posted by Dexter150185 > 2017-04-25 19:18 | Report Abuse
Is it too high to buy ? Will there be sell down ?