The merger will fail if AFB dropped the merger just like the previous cases. on the other if both parties have matual agreement definately bank Negara will happily give its blessing ..my 2 cent opinion
Simple common sense will tell you MBSB and AFB have already completed their negotiations on pricing and what not. Submitting to BN is a formality because BN is the governing body overseeing all commercial banks in Malaysia. BN is more concern on whether the merger will have negative consequences in the financial sectors, if there are none, the merger is a foregone conclusion.
Merger is a must to be financially sustained in financial world. To capitalize the fund size as well as to improve the progress of financial institutions, BNM need to promote merging to safeguard financial crisis on the forerunners of bankers.
Banking stocks leaps into a huge gain in recent trading session on DJIA...With merger to materialised within 6 months of stipulated time frame & BNM liberalisation before 2020 MBSB will easily climb towards RM4.00...The first fully islamic banking in the country.
Most banking stock in US is gaining momentum after FED approval on shares buy back..Warren buffet emerged largest shareholding after acquiring massive share in BOA...Bull is charging ahead!!
Tonite is dateline for Qatar to accept Saudi Arabia group demands. Looking at AFB shareholders, Qatar Islamic Bank is facing the other 3 shareholders which is from SA group. Hopefully BNM will approve this merger quickly. Otherwise it will become big headache for everyone as SA group may ask trading partner to choose them or Qatar.QIB is already one of the biggest loser in Qatar stock exchange.
Could be some one try to sell off their drp unit for quick profit.and buy back when it dip.further. time to buy if you are confident that merger can be successful .
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....
gemma
591 posts
Posted by gemma > 2017-06-24 07:15 | Report Abuse
you see Force, BB pushed to higher price to allow DRP holders to sell @ profit as Raya Ang pow..:-)