Posted by rayloo > 2018-05-28 13:07 | Report Abuse

Wow,great job,EPS 3 times +

Posted by Pc Tan > 2018-05-28 13:11 | Report Abuse

2.00 end of the year

Posted by YouBuyIBuy > 2018-05-28 13:16 | Report Abuse

Told you guys, now you supprise!

Posted by snwong13 > 2018-05-28 13:19 | Report Abuse

.
IniKaLiLa!!

Posted by rayloo > 2018-05-28 13:21 | Report Abuse

What next ?

Posted by quekkeong > 2018-05-28 13:22 | Report Abuse

good

Posted by snwong13 > 2018-05-28 13:23 | Report Abuse

.
MBSB PROFIT AFTER TAX SOARED 212.65% FOR FIRST QUARTER 2018

Kuala Lumpur, 28 May 2018 – MBSB Group today announced its financial results for the
first three (3) months ended 31 March 2018 (1Q18).

 Revenue was consistent on a year-on-year (“y-o-y”) basis at RM815.04 million
 Profit After Tax (PAT) for 1Q18 increased by 212.65% y-o-y and 155.52%
quarter-on-quarter (“q-o-q”) to RM316.79 million
 Profit Before tax (PBT) increased by 222.76% y-o-y and 129.49% q-o-q to
RM409.16 million
 Total assets grew by 3.81% y-o-y and 3.66% q-o-q to RM46.44 billion
 Total deposits increased by RM1.93 billion or 6.02% y-o-y and 3.76% or
RM1.23 billion q-o-q to RM33.99 billion
 Gross loans and financing increased by 2.93% by RM1.00 billion q-o-q

Posted by chimpanzee > 2018-05-28 13:43 | Report Abuse

will go up?

Posted by Pc Tan > 2018-05-28 13:45 | Report Abuse

5.00 in 2020

Posted by allan88 > 2018-05-28 13:47 | Report Abuse

Sure fly later.

Posted by wongkc95 > 2018-05-28 13:47 | Report Abuse

https://klse.i3investor.com/servlets/staticfile/327205.jsp
To declare a Single-Tier Final Dividend of 5.0 sen per ordinary
share for the financial year ended 31 December 2017.
Is that MBSB going to gv 5sen dividend?

Posted by maxlee0508 > 2018-05-28 13:57 | Report Abuse

Rally want start liao mar......
Huat r..... all sifu
Hehe...

Posted by Tan Han > 2018-05-28 13:58 | Report Abuse

still can buy now?

Posted by ThisIsJay > 2018-05-28 14:02 | Report Abuse

Please advice

Posted by rayloo > 2018-05-28 14:05 | Report Abuse

This is just the beginning, start accumulate

Posted by wilsonchan87 > 2018-05-28 14:09 | Report Abuse

result over my expectation. very good. target price: medium term 1.7, long term 4.0, dont follow. just my 20 cent prediction. haha

Posted by BK Tan > 2018-05-28 14:16 | Report Abuse

just wonder did it will break over RM1.3 or not although it looks cheap...

Posted by Raul > 2018-05-28 14:17 | Report Abuse

Mbsb has very strong fundamental and is a profitable company. Some of you always have doubts and uderestimate this counter.
I hope the price will adjust to its true value soon.
Still not too late to collects and invest for longterm
Good luck guys.

Posted by Meteor > 2018-05-28 14:29 | Report Abuse

Looks good hmmm....

Posted by YouBuyIBuy > 2018-05-28 14:32 | Report Abuse

if you believe me to buy before report, now you are laughing to the bank

Posted by monkeyinvestor > 2018-05-28 14:44 | Report Abuse

bahai4453 where are u now we all laugh now but u?

Posted by Jon Choivo > 2018-05-28 14:46 | Report Abuse

One off impairment writeback gain.

Operating is actually about the same

Posted by kevinobc > 2018-05-28 14:48 | Report Abuse

http://www.theedgemarkets.com/article/mbsb-1q-net-profit-triples-rm31679m-allowance-writeback-impaired-loans

Posted by kevinobc > 2018-05-28 14:49 | Report Abuse

MBSB 1Q net profit triples to RM316.79m on allowance writeback for impaired loans


KUALA LUMPUR (May 28): Malaysia Building Society Bhd’s (MBSB) net profit more than tripled to RMRM316.79 million or 5.33 sen per share for its first quarter ended March 31, 2018 (1QFY18), from RM101.32 million or 1.75 sen per share, due to allowance write back for impaired loans.

In 1QFY18, MBSB reported an allowance write back for impaired loans of RM154.4 million, compared with an allowance charge for impaired loans of RM167.92 million.

Its quarterly revenue was marginally higher by 0.47% to RM815.04 million, compared with RM101.32 million, the group said in a filing with Bursa Malaysia today.


Meanwhile, MBSB’s gross income from corporate loans and financing in the current period was higher compared to the previous year's corresponding period, due to continued growth of corporate loans and financing assets base.

MBSB's corporate disbursements amounted to RM1.1 billion in 1QFY18, representing 75% of the total quarter's disbursement of RM1.5 billion, the filing added.

“The expansion in corporate financing is in tandem with the Group’s commitment to achieve an optimum asset composition between retail and corporate mix of 70:30,” MBSB said in a separate statement today.

Conversely, the cost to income ratio (CIR) regressed to 26.71% from 22.62% (4Q17) and 19.72% (1Q17), MBSB noted.

“We had expected the rise in costs due to the merger exercise, as well as due to higher funding costs. Yet, it is worth highlighting that the CIR remains considerably better than the industry’s average of 49.7%,” its group president and chief executive officer Datuk Seri Ahmad Zaini Othman said.

Going forward, the group said it expects its prospects for the year to be satisfactory, barring any unforeseen circumstances.

From April 2, 2018, MBSB will continue to maintain its conventional receivables and perform conversion of these receivables into Islamic receivables over the next three years, which will be subsequently vested into MBSB Bank.

Any residual receivables that are not converted will either be redeemed by the account holders or disposed off to a third party, the group added.

“We continue to build up MBSB Bank’s capabilities, following the corporate exercise. We have realigned the Group’s business, policies and operations and continue to make investments to upgrade and enhance the information technology infrastructure and delivery channels,” Zaini said.

“As a new Islamic banking group in the industry, the group looks forward to expanding its products and services, which include trade finance, wealth management and internet and mobile banking, to cater to various segments of our customers and depositors,” Zaini added.

At noon break, shares of MBSB were up two sen or 1.72% at RM1.18, with 1.95 million shares traded, for a market capitalisation of RM7.13 billion.

Posted by chimpanzee > 2018-05-28 14:50 | Report Abuse

after deducting the writeback gain. it's still a gain of about 60% quarter to quarter no?

Posted by Jon Choivo > 2018-05-28 14:55 | Report Abuse

Operating profit, Last yr 294.6m, this year 254.7m.

Drop. And last q got super impairment of 598.6m, i cant see it the A20 note, so i'm guessing some throw to operating or somewhere.

Which means this is actually not a good q at all.

Posted by vinc3nt > 2018-05-28 15:12 | Report Abuse

wow PAT soared high

Posted by wayne23 > 2018-05-28 15:20 | Report Abuse

When get dividen?

Posted by ManyPattern > 2018-05-28 15:31 | Report Abuse

Y so many seller..no energy fly ?!

Posted by ManyPattern > 2018-05-28 16:00 | Report Abuse

Still can’t break 1.30 , sleep beauty

Posted by param54 > 2018-05-28 16:51 | Report Abuse

how good also this market cannot move.

Posted by rayloo > 2018-05-28 18:24 | Report Abuse

Annualised EPS lets say 20 cents, PE 11...barring any unforseen circumstances then RM2.2 in a year time.

Posted by wilsonchan87 > 2018-05-28 18:56 | Report Abuse

MBSB already fully controlled by EPF. Any up or down need see EPF instruction.

Posted by Rosmah > 2018-05-28 19:08 | Report Abuse

Runnnnnn

Posted by RocketRider > 2018-05-28 19:29 | Report Abuse

Why no declare of dividend?

Posted by lrbvuop > 2018-05-28 20:28 | Report Abuse

Next AGM will confirm the 5 cents dividend

Posted by Alvin Yoong > 2018-05-28 20:29 | Report Abuse

dividend need wait after agm
To declare a Single-Tier Final Dividend of 5.0 sen per ordinary
share for the financial year ended 31 December 2017.

Posted by oranje > 2018-05-28 21:26 | Report Abuse

VS INDUSTRY WILL BE THE DARLING OF BURSA FOR THE REST OF 2018

BUY CW

ORANGE THE LEGEND HAS BEEN ACCUMULATING SINCE MID MAY 2018 WHILE MCMC AND I3 INVESTOR BAR ME FROM BLOGGING CORDON OFF MY CONDO EATING ALL MY CHOCOLATES CONFISCATING ALL MY AEON PLASTIC BAGS
28/05/2018 21:21
X
oranje ORANGE THE GREAT WHITE NOW SWIMMING FOR THE CAPSIZED BOATS OF HIBISCUS AND SAPRNG

CALL WARRANTS AS THE PRICE OF BRENT CRUDE COLLAPSE GUYS
28/05/2018 21:22
X
oranje MCMC AND I3 ADMINSTRATOR CANT BELIEVE MY SWIMMING POOL FULL OF MONEY NOT H20.

I TOLD THEM I MADE THE MONEY FROM INARI CALL WARRANTS CASINO SINCE APRIL 11, 2018 (c 11, 12, 14)

Posted by azlan88 > 2018-05-29 21:25 | Report Abuse

Good to see they finally completed their impairment programme.

However I guess Q2 would be weaker due to one off M&A expenses. They also need to spend some money to upgrade the banking system and integration between those two. I guess, price may be languishing around RM1.12 to around RM1.30 until they announced Q4 result.

Posted by RedEagle > 2018-05-30 07:26 | Report Abuse

Dow J bleeding..careful guys

Posted by Bulat > 2018-05-30 07:42 | Report Abuse

Dangerous time had passed. This share will up

Posted by DreamEmperor > 2018-05-30 13:24 |

Post removed.Why?

Posted by bahai4453 > 2018-05-30 16:07 | Report Abuse

The result is good and why the price is going down. MBSB is financing all the contractors for HSR ? And where is the 5 cent dividend announcement. I think we should all ask Tun M to sack the bosses of MBSB. How come a banking stock is trading worst than a kacang-putih stock ? And all sohai like me waiting until our neck getting longer and longer to hunt at 3.00 !

Posted by bahai4453 > 2018-05-30 16:15 | Report Abuse

Insiders conman counter. Hopeless counter.

Posted by chromacon > 2018-05-30 21:44 | Report Abuse

Lol, do you know the concept of supply and demand?

Posted by stonenut2 > 2018-05-30 22:32 | Report Abuse

Fair value Rm1.60

Posted by 10bagger10 > 2018-05-30 22:33 | Report Abuse

loL, NUTS NO.2,
IF THIS IS THE CASE, PLS GO BUY 1.6.

Posted by 10bagger10 > 2018-05-30 22:35 | Report Abuse

WHy NO GO BUY?

Posted by Win Tan > 2018-05-31 00:08 | Report Abuse

tomorrow.will drop.again

Posted by Xbear > 2018-05-31 10:27 | Report Abuse

Good result. Be patience, price will go up eventually.