Posted by jcwm22 > 2013-11-21 17:49 | Report Abuse

Mbsb's freefall from sround 2.80 to 2.59 today is baffling and eorrying, especially when its earnings per share has already hit 30 sen. I know there r new guidelines by bank negara restricting personal loans and that mbsb is doing a rights issue, but the 30-sen drop is strange.

Posted by member41 > 2013-11-21 17:49 | Report Abuse

is quite gd stock i will hold also... can add some progressively

Posted by jcwm22 > 2013-11-21 17:50 | Report Abuse

Sorry. Correction: "freefall from around 2.80 to 2.49".

Posted by jcwm22 > 2013-11-21 17:52 | Report Abuse

Could the price be being driven down so that a low rights issue price can be fixed? Or is mbsb expected to see a big drop in profit for the financial year ending 31 dec 2014?

Posted by necro > 2013-11-21 17:55 | Report Abuse

Kwn2 kaki & tgn kerajaan y memohon loan MBSB semakin berkurangan...byk y dah bertukar ke BIMB & Bank Rakyat....

Posted by Superb99 > 2013-11-21 18:11 | Report Abuse

really don't understand, i think somebody is pressing the share...

Posted by alexisvics > 2013-11-21 18:26 | Report Abuse

The company is doing anything drastic step to cope or find new strategy to compete BSN or Bank Rakyat that have started to draw new client.Wake up all you directors,don't receive your salary and sleep to see the company die, be responsible to your share holders...

Posted by sam2828 > 2013-11-21 20:28 | Report Abuse

what is that rights issue?

Posted by TonsilBasher > 2013-11-22 12:39 | Report Abuse

hahaha. kawan-kawan. sama-sama hold this precious gem.

Posted by rlch > 2013-11-22 13:06 | Report Abuse

Yes I will hold. Dividend given better than FD. EPF punya counter cannot go wrong.

Posted by Newbiebetta > 2013-11-22 15:38 | Report Abuse

collect now & wait for right issue, it will be flying again.

Posted by wisdomtot > 2013-11-22 16:55 | Report Abuse

someone is trying very hard to push the price down... last minute throw one big chunk at 2.48

Posted by member41 > 2013-11-22 17:02 | Report Abuse

Waiting at 2.3-2.4x if possible...

Posted by Skylight Chong > 2013-11-22 20:03 | Report Abuse

because cold eye disposed all his share..
u can view his holdings if u r under cimb ...
http://www.investalks.com/forum/redirect.php?goto=findpost&ptid=23100&pid=2783020

Posted by wisdomtot > 2013-11-22 23:42 | Report Abuse

Skylight, who is cold eye? a person or institution like EPF?

Posted by Skylight Chong > 2013-11-23 00:14 | Report Abuse

do u know Fong Siling? the master of fundamental investor in malaysia

Posted by panntung > 2013-11-23 21:34 | Report Abuse

hi skylight chong, if i open cimb equity account i could view cold eye holding shares?

Posted by Skylight Chong > 2013-11-23 22:42 | Report Abuse

yes, it will be like tis
http://www.investalks.com/forum/redirect.php?goto=findpost&ptid=23100&pid=2722169

Posted by wisdomtot > 2013-11-24 17:46 | Report Abuse

ic..thanks for the info Skylight.. i am undecided whether to continue holding...

Posted by tsurukame > 2013-11-24 21:54 | Report Abuse

Technical indicators says stock is EXTREMELY oversold. Stock closed with distinct Black hammer...indicating end of downtrend...

Posted by rlch > 2013-11-24 22:07 | Report Abuse

There are people who don't like upcoming right issue (including Cold Eye?) hence the selling pressure last few weeks.

Posted by wisdomtot > 2013-11-24 22:09 | Report Abuse

tsurukame..thanks.. you could be right.

Posted by 285investor > 2013-11-24 22:13 | Report Abuse

really surprising nobody come in to prop up the price

Posted by tsurukame > 2013-11-24 22:27 | Report Abuse

looking at Long Term investment stock, the rights issue is a very good n necessary foundation for MBSB to expand its future top line and bottom line growth. MBSB needs RM 1.47 Billion additional capital...but not in one go....MBSB wants additional capital but also does not want to over dilute its share capital base...and there will be dividend reinvestment scheme...with EPF as the major shareholder ...I can sleep well....no need to worry...

My take is MBSB share price will rebound next week as it is EXREMELY OVERSOLD ....

Posted by allan88 > 2013-11-25 08:18 | Report Abuse

I feel the main worry is the growth prospect. With BNM focus on household debt, loan growth is slowing down, it has appeared in last qtr result. Question is the price really touch bottom now, or to wait some more? This is the sentiment for other bank counters too.

Posted by Skylight Chong > 2013-11-25 12:29 | Report Abuse

see how after the right issue?

Posted by Ng MC Angie > 2013-11-25 12:35 | Report Abuse

How many share entitle n how much. Anyone can give information.tq

Posted by member41 > 2013-11-25 12:42 | Report Abuse

Detail not out yet I think

Posted by TonsilBasher > 2013-11-25 15:24 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/11/25/Up-to-EPF-to-decide-on-MBSB-RHB-Bank-merger.aspx

Merger with RHB?

Posted by choonhock > 2013-11-25 16:10 | Report Abuse

this news again?

Posted by gark > 2013-11-25 18:29 | Report Abuse

Details out today.. last 5 day share press down is sandiwara to get VWAP price low for rights issue...

2 rights for every 5 shares held. Rights share price is 2.04 - 21.2% discount to VWAP price of 2.59.

Posted by member41 > 2013-11-25 20:36 | Report Abuse

Good price. Will subscribe to it.

Posted by kfoong81 > 2013-11-26 10:01 | Report Abuse

When can we start buying the right issues ?

Posted by member41 > 2013-11-26 10:05 | Report Abuse

tentative time frame (see pg 31) mid Dec announced.

http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/C5FA9FB60737281948257C2E00191FBF/$File/MBSB%20-%20Proposals.pdf

Posted by TonsilBasher > 2013-11-26 12:52 | Report Abuse

so the right price is 2.04? am i right?

Posted by hwtham > 2013-11-26 15:51 | Report Abuse

1. Right issue price not decided yet. RM2.04 is illustration example price.
2. 10/12/2013 EGM will decide the right issue price.
3. Bursa already approved the right issue proposal on 18/11/2013.
4. Proposal is 2 right issue for 5 ordinary share + free warrant together with right issue subscribed.
5. Est Ex-date for right issue - mid of Jan 2014.
6. Est right issue listing in Bursa - end of Jan 2014. GOOD TIMING because impact of diminishing of QE3 is slim.
7. So, from now on until ex-date is approximately 2 months.
8. Year 2011 right issue, price from 1.50 up to 2.50 before ex-date. Pls see price chart.

Current MBSB performance:
1. PE about 6X. Plenty room to grow.
2. Dividend Yield - 12% in year 2012; 6.3% in 2011.[Much better than bank rate]
3. EPS is between 35 sens to 45 sens.
4. NAPS abt RM1.22.

Big player may press down the price before the EGM. But if you can hold for 2 months, this counter will make money.

My opinion only. Judge by your own risk.

Posted by chaihuat > 2013-11-26 16:31 | Report Abuse

No free warrants. See circular to shareholders.

Posted by hwtham > 2013-11-26 17:20 | Report Abuse

I apologize for the mistake & thank you chaihuat for pointing out. "NO FREE Warrant."
People start accumulating, today transaction volume over 5M+, in last 10 minutes, there was 2.3M+ share changed hand.

Posted by member41 > 2013-11-26 17:21 | Report Abuse

Will you guys subscribe to the rights?

Posted by Kutty123 > 2013-11-26 20:41 | Report Abuse

dear all, what you all mean? mbsb will drop to 2.04?why hur?pls explain a bit..

Posted by tsurukame > 2013-11-26 20:52 | Report Abuse

Kutty123,
If the rights is at 2.04, mbsb will be above 2.04...easily 20% to 25% above... mbsb price has closed UP today@ 2.62 compared to its low @2.48 which was when Coldeye was reported in this thread to be selling mbsb... if you have done research and is convinced mbsb is a potential blue chip then decide based on your findings....don't listen too much on others...just remember epf is the main shareholder...it wants good dividend pay-out from its investments...

Posted by Kutty123 > 2013-11-26 21:21 | Report Abuse

sure..already grab last week..believe in myself..thank tsurukame

Posted by tsurukame > 2013-11-26 21:31 | Report Abuse

That's great Kutty123..Believe in your self...your own analysis and decide to invest based on objective analysis and chart trends...you made the right decision as mbsb gives good dividends, its eps is reasonable and epf wants good dividend pay out from its investments...you can sleep well with mbsb..

Posted by Kutty123 > 2013-11-26 21:52 | Report Abuse

everyday sleep like pig

Posted by ksng0307 > 2013-11-27 15:41 | Report Abuse

EPF has about 60+% of shareholding in MBSB, just follow EPF and it will never go wrong, hopefully....

Posted by 文耀 > 2013-11-27 15:44 | Report Abuse

Long term down trend...

Posted by Tan Cobby How > 2013-11-27 19:21 | Report Abuse

Actually, how u guys know "cold eye" sell off ?
Is right issue good or bad to a company ?

Posted by chaihuat > 2013-11-27 21:29 | Report Abuse

Post right issue mbsb eps will be diluted.for its share price to go up it has to record higher profits in future quarters.

Posted by choonhock > 2013-11-28 20:09 | Report Abuse

It will be good news if the right issue is to collect cash from share holder to buy something that generated income.

Posted by member41 > 2013-11-28 20:18 | Report Abuse

If u believe in the company then take up the rights