Posted by 129055444514385 > 2019-08-14 16:07 | Report Abuse

dividend yield close to 6%

Posted by 129055444514385 > 2019-08-14 16:08 | Report Abuse

Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
24 Jul 2019 Acquired
254,654,687 EMPLOYEES PROVIDENT FUND BOARD
23 Jul 2019 Acquired
15,647 TAN SRI ABDUL HALIM BIN ALI
16 May 2019 Disposed
250,000,000 TAN SRI DATO' CHUA MA YU
06 Aug 2018 Acquired
190,396,027 EMPLOYEES PROVIDENT FUND BOARD
03 Aug 2018 Acquired
11,699 TAN SRI ABDUL HALIM BIN ALI
23 Jun 2017 Acquired
98,747,770 EMPLOYEES PROVIDENT FUND BOARD
22 Jun 2017 Acquired
6,067 TAN SRI ABDUL HALIM BIN ALI

Posted by 129055444514385 > 2019-08-14 16:09 | Report Abuse

MBSB Dividend History
Date Financial
Year Ex-Date Entitlement
Date Payment
Date Entitlement Type Dividend
(Cent) Dividend
(%) Details
11 Jun 2019 31 Dec 2018 24 Jun 2019 25 Jun 2019 23 Jul 2019 Final Dividend 5.0000 0.00 Malaysia Stock - Dividend
25 Jun 2018 31 Dec 2017 05 Jul 2018 09 Jul 2018 03 Aug 2018 Final Dividend 5.0000 0.00 Malaysia Stock - Dividend
12 May 2017 31 Dec 2016 24 May 2017 26 May 2017 22 Jun 2017 Final Dividend 3.0000 0.00 Malaysia Stock - Dividend
05 May 2016 31 Dec 2015 17 May 2016 19 May 2016 16 Jun 2016 Final Dividend 3.0000 0.00 Malaysia Stock - Dividend
15 Apr 2015 31 Dec 2014 27 Apr 2015 29 Apr 2015 28 May 2015 Final Dividend 10.0000 0.00 Malaysia Stock - Dividend
15 Apr 2015 31 Dec 2014 27 Apr 2015 29 Apr 2015 28 May 2015 Special Dividend 2.0000 0.00 Malaysia Stock - Dividend
22 Apr 2014 31 Dec 2013 06 May 2014 08 May 2014 05 Jun 2014 Final Dividend 5.0000 0.00 Malaysia Stock - Dividend

Posted by 129055444514385 > 2019-08-14 16:16 | Report Abuse

KUALA LUMPUR: The new bank in town, MALAYSIA BUILDING SOCIETY BHD(MBSB), is more bullish on its growth prospects as compared to its peers.

MBSB is targeting a loan growth of about 5% for the financial year ending Dec 31, 2019 (FY19), as compared to its FY18 loan growth of 3%.

The group’s loan growth target is somewhat higher than industry estimates as projected by Maybank Investment Bank Research. Following lacklustre results reported by the banking sector, the brokerage has since trimmed overall loan growth and domestic industry loan growth estimates from 5.1% previously to 4.7%.

Speaking after the group’s AGM, MBSB group president and CEO Datuk Seri Ahmad Zaini Othman said loan growth would be driven by new revenue streams such as trade finance, treasury, wealth management products and services, as well as alternative financing like peer-to-peer lending.

“With the new products and services, we are also looking at a return on equity (ROE) of 10% this year.

“Our non-performing loan ratio is currently at 1.2% to 1.3%, and we should be sustaining at these low levels which are on par with the industry average,” he said.

In FY18, MBSB generated an ROE of 8.2%.

Fresh from obtaining its banking licence last April, MBSB has remaining RM1bil in excess of assets to be converted into Islamic assets, representing 10% to 12% of its asset portfolio.

Following that, MBSB will restructure its operations to make its wholly owned banking subsidiary, MBSB Bank Bhd, the holding company and ultimately taking over the group’s listing status.

This process is likely to take two years, which is well within the timeframe of three years given by Bank Negara for MBSB to convert all its assets to Islamic assets.

According to Ahmad Zaini, the asset-conversion process requires time, as there are impairment issues to resolve. At the end of both processes, MBSB will obtain full syariah-compliant certification or endorsement.

“This opens up a lot more opportunities once MBSB becomes a syariah-compliant stock, as it would be easier to attract more investments,” he added.

MBSB Bank is the second-largest full-fledged Islamic bank with 46 branches nationwide. Going forward, the bank will transform several of its branches into digital outlets.

MBSB has embarked on its online banking and looks to ramp up foreign banking and cash management solution services this year.

On impairments, Ahmad Zaini said the group was closely monitoring the expected credit losses (ECL).

“Normal impairments would still be there, as with the personal financing and retail segments. What we need to observe and manage is corporate impairments and so far, we are managing that quite well.

“We are on an aggressive mode towards collections for existing impairment by placing more workforce in the recovery of early care accounts and hopefully, that would manage our impairments over the next 12 to 14 months,” he said.

Ahmad Zaini explained that under the Malaysian Financial Reporting Standards 9, the group is required to provide for a late impairment of one to two days.

For the first quarter of FY19, MBSB registered a net profit of RM83.83mil, which was a decline of 73.5% year-on-year as compared to the same quarter last year.

The group saw a higher ECL of RM153.02mil during the quarter, which was mainly due to a write-back as a result of staging an improvement from stage two ECL to stage one ECL.

Stage one ECL includes financial assets that do not have a significant increase in credit risk since the initial recognition, or those which have low credit risk at the reporting date.

Stage two includes financial assets that have a significant increase in credit risk since initial recognition but do not have objective evidence of impairment.

Posted by 129055444514385 > 2019-08-14 16:17 | Report Abuse

hold 2-3 years, will double in value....one of the cheapest bank stock

Fresh from obtaining its banking licence last April, MBSB has remaining RM1bil in excess of assets to be converted into Islamic assets, representing 10% to 12% of its asset portfolio.

Following that, MBSB will restructure its operations to make its wholly owned banking subsidiary, MBSB Bank Bhd, the holding company and ultimately taking over the group’s listing status.

This process is likely to take two years, which is well within the timeframe of three years given by Bank Negara for MBSB to convert all its assets to Islamic assets.

According to Ahmad Zaini, the asset-conversion process requires time, as there are impairment issues to resolve. At the end of both processes, MBSB will obtain full syariah-compliant certification or endorsement.

“This opens up a lot more opportunities once MBSB becomes a syariah-compliant stock, as it would be easier to attract more investments,” he added.

MBSB Bank is the second-largest full-fledged Islamic bank with 46 branches nationwide. Going forward, the bank will transform several of its branches into digital outlets.

MBSB has embarked on its online banking and looks to ramp up foreign banking and cash management solution services this year.

Posted by 129055444514385 > 2019-08-14 16:21 | Report Abuse

it will become a full fledge islamic bank pretty soon... the first islamic bank listed on bursa

Posted by 129055444514385 > 2019-08-14 16:22 | Report Abuse

just grab and hold till june 2020 for dividend of at least 5sen.... better div yield also about 6% much much better than FD 2 to 3 %

Posted by 129055444514385 > 2019-08-14 16:23 | Report Abuse

mbsb will appreciate a lot soon... no wonder EPF holds more than 64% to control it

Posted by 129055444514385 > 2019-08-14 16:27 | Report Abuse

MBSB will release a better Q2 results this month :)

KUALA LUMPUR (May 21): Rakuten Trade Sdn Bhd has recommended a "buy" call on Malaysia Building Society Bhd (MBSB), with a target price (TP) of RM1.31.

In a note today, vice-president of research Vincent Lau said MBSB, which is transitioning to a full-fledged bank after its acquisition of Asian Finance Bank, will likely see improvements in the following quarters despite a weaker result in the first quarter ended March 31, 2019 (1Q19).

In a filing with Bursa Malaysia on May 15, 2019, MBSB reported a 73.5 percent year-on-year decline in net profit to RM83.83 million in 1Q19, due to higher expected credit losses (ECL).

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Lau said the valuation gap between price-to-book (P/B) ratio of 0.8 times versus 1.5 times of its closest listed Islamic bank has made MBSB a compelling "buy".

"We recommended 'buy' (call) with a target price of RM1.31, as per 1.2 times P/B average of banking stocks translating to 12.8 times price-to-earnings ratio for the financing year ending Dec 31, 2019," he said.

Lau said key beneficiary of the recent Overnight Policy Rate (OPR) cut of 25 basis points would be MBSB as they have the highest percentage of fixed loans.

"MBSB net interest margins of above three per cent remain the highest among the banks, while their cost-to-income ratio of 26.34 percent is the lowest.

Furthermore, they have been paying five sen dividend for the past three years and this translates to a dividend yield of 5.3 per cent which is also amongst the highest in banking stocks,”according to Rakuten Trade's research note.

At Tuesday's close, MBSB's share ticked up five sen to 94 sen, with 2.87 million shares being traded.

Posted by Good123 > 2019-08-14 16:31 | Report Abuse

dividend reinvestment at 80sen conversion..5 sen cheaper instead of getting 5 sen cash div. so 85sen is a best price2buy

Posted by Good123 > 2019-08-14 16:33 | Report Abuse

epf holds 64% , epf might privatize it and relist at much higher value in future

Posted by Good123 > 2019-08-14 16:50 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 30 Jun 2018

Amended Announcements
Please refer to the earlier announcement reference number: FRA-30072018-00004
MALAYSIA BUILDING SOCIETY BERHAD
Financial Year End31 Dec 2018Quarter2 QtrQuarterly report for the financial period ended30 Jun 2018The figureshave not been audited

Attachments

MBSB 2Q18 Accounts (Revised).pdf
781.5 kB

Default Currency

Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Jun 2018

30 Jun 2017

30 Jun 2018

30 Jun 2017

$$'000

$$'000

$$'000

$$'000

1Revenue

794,141

813,417

1,609,180

1,624,621

2Profit/(loss) before tax

124,934

115,628

534,096

242,399

3Profit/(loss) for the period

85,686

91,084

402,479

192,408

4Profit/(loss) attributable to ordinary equity holders of the parent

85,686

91,084

402,479

192,408

5Basic earnings/(loss) per share (Subunit)

1.39

1.57

6.69

3.31

6Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

1.2198

1.2026


Remarks :Certain items in the Statement of Changes in Equity have been reclassified to assets and liabilities items to reflect the equity position at the Group and the Company levels as at 30 June 2018. Please refer to page 1,4 and 5. Accordingly, changes have been made to the Statement of Cash Flows. Please refer to page 6. The reclassification did not affect the Income Statement for the 2nd quarter of 2018. The difference of RM122 million between the restated equity and the reported equity at the Group and the Company represents a variance of 1.66% and 1.76% respectively.


Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunitMalaysiaRinggitSenUnited StatesDollarCentUnited KingdomPoundPence



Announcement Info

Company NameMALAYSIA BUILDING SOCIETY BERHADStock NameMBSBDate Announced17 Aug 2018CategoryFinancial ResultsReference NumberFRA-16082018-00007

Posted by Good123 > 2019-08-14 16:50 | Report Abuse

last year, Q2 results released on Aug 17.... hold your breath

Posted by 129055444514385 > 2019-08-14 17:33 | Report Abuse

changed to aug 28 :)

OTHERS Quarterly Financial Report pursuant to Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

MALAYSIA BUILDING SOCIETY BERHAD


Type Announcement
Subject OTHERS

Description Quarterly Financial Report pursuant to Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad




Reference is made to the announcements dated 31 July 2019.

We wish to inform that Malaysia Building Society Berhad ("MBSB") has changed the date to release its' financial results for the second quarter ended 30 June 2019 to Wednesday, 28 August 2019.

This announcement is dated 14 August 2019.








Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 14 Aug 2019
Category General Announcement for PLC
Reference Number GA1-14082019-00020

Posted by 129055444514385 > 2019-08-14 17:33 | Report Abuse

aug 28 is wednesday.... Q2 results release, can buy on thur and fri haha

Posted by JQ > 2019-08-14 17:43 | Report Abuse

Why ?

Posted by 129055444514385 > 2019-08-14 18:44 | Report Abuse

Second largest Islamic bank :)

KUALA LUMPUR: Asian Finance Bank (AFB) kini dikenali sebagai MBSB Bank Bhd (MBSB Bank) selepas pengambilalihan sepenuhnya oleh Malaysia Building Society Bhd (MBSB).

Presiden dan Ketua Pegawai Eksekutif Kumpulan MBSB Bank, Datuk Seri Ahmad Zaini Othman, berkata pihaknya memahami kepentingan untuk menjadi institusi kewangan yang bergerak seiring dengan kepentingan pelanggan.

"Menerusi pengambilalihan itu, bank berkenaan kini adalah bank Islam kedua terbesar di negara ini dengan jumlah aset sebanyak RM43.7 bilion," katanya pada pelancaran penjenamaan baharu MBSB Bank di sini, hari ini.

Majlis disempurnakan Menteri Kewangan Kedua, Datuk Seri Johari Abdul Ghani.

MBSB Bank kini menggunakan 'tagline' "Sebahagian Dari Perjalanan Anda".

Kelulusan pengambilalihan itu diperoleh selepas pemegang saham meluluskan resolusi pengambilalihan keseluruhan faedah ekuiti dalam AFB menerusi Mesyuarat Agung Luar Biasa (EGM) di Kuala Lumpur, baru-baru ini.

Nilai keseluruhan pembelian adalah RM644.95 juta dan ia (pengambilalihan) selesai pada 7 Februari lalu.

Posted by 129055444514385 > 2019-08-14 19:23 | Report Abuse

ECL (charged)/written back A21 (153,021,000) was carried out in Q1, 2019. Q2, 2019, no more... expecting a much better results for Q2, 2019

Posted by 129055444514385 > 2019-08-14 19:23 | Report Abuse

ECL (charged)/written back A21 (153,021,000) was carried out in Q1, 2019. Q2, 2019, no more... expecting a much better results for Q2, 2019

Posted by 129055444514385 > 2019-08-14 19:24 | Report Abuse

ECL (charged)/written back A21 (153,021,000) was carried out in Q1, 2019. Q2, 2019, no more... expecting a much better results for Q2, 2019

Posted by Good123 > 2019-08-14 20:09 | Report Abuse

Bagus, 3sen jumped to 5sen.

Subject Amount Ex Date
Final Dividend (with Dividend Re-Investment Plan) 0.05 24/06/2019
Final Dividend (with Dividend Re-Investment Plan) 0.05 05/07/2018
Final Dividend 0.03 24/05/2017

Posted by Good123 > 2019-08-14 20:10 | Report Abuse

No wonder, target prices were much higher than current price. Greatly undervalued

Date Price Target Source News
01/07/2019 1.15 KENANGA Price Target News
21/05/2019 1.31 Rakuten Price Target News
16/05/2019 1.25 MIDF

Posted by Good123 > 2019-08-14 20:12 | Report Abuse

Q2, 2019 will show much better results :)

Malaysia Building Society - Provisions likely to improve in quarters ahead
Author: AmInvest Publish date: Thu, 16 May 2019, 9:49 AM

Investment Highlights
We maintain our BUY call on Malaysia Building Society (MBSB) with a lower fair value (FV) of RM1.15/share from RM1.24/share. Valuation remains undemanding with the stock trading at 0.7x to our BV/share estimate. We are rolling over our valuation period to FY20. Our revised FV is based on an ROE of 8.7%. This leads to a P/BV of 0.9x (previously: 1.0x) after factoring in a high risk premium which raised the beta in our Gordon growth model slightly. We trimmed our FY19 earnings estimate by 3.7% after raising our credit cost assumption to 0.5% from 0.4%.
The group reported a softer 1QFY19 net profit of RM84mil (-28.9% QoQ; -73.5% YoY). This was contributed largely by an increase in provisions from higher expected credit losses (ECL) under the MFRS 9 compared to a net writeback in provisions in 1QFY18 from an improvement in staging (from stage 2 to 1) of loans.
On a QoQ basis, provisions were higher in 1QFY19 due to: i) an adjustment to its forward-looking macroeconomic estimates which raised the ECL for its retail loans under stage 2 impairment, coupled with ii) higher ECLs for impairments from its retail portfolio, mainly personal financing (PF-i) as well as corporate financing caused by past due payments. We understand that factor (i) accounted for 30.0% while the remaining 70.0% of the increase in provisions in 1QFY19 was attributed to overdue payments from borrowers.
1QFY19 earnings were below expectations, accounting for 13.0% of our estimate and 12.7% of consensus projection. The deviation from expected numbers was mainly caused by the higher provisions. Management hinted that the bulk of the provisions that was due to past due payments of PFi and corporate financing is likely to reverse in subsequent quarters of FY19 after the borrowers’ settlement.
The group’s total income grew 5.0% YoY in 1QFY19 supported by stronger non-interest and Islamic banking income.
1QFY19 saw a credit cost of 1.7% vs. -1.8% in 1QFY18. The group continues to guide for a credit cost of 0.5% (50bps) in FY19. Credit charge-off is expected to improve in the quarters ahead from the reversal of provisions booked in 1QFY19.
Asset quality ratios remained stable with gross impaired loan and net impaired loan ratio of 5.3% and 2.1% respectively. The group’s loan loss cover strengthened to 114.5% as impaired loans declined by 2.3%QoQ.
Source: AmInvest Research - 16 May 2019

Posted by Good123 > 2019-08-14 20:14 | Report Abuse

Technical analysis juga support mbsb kah? :)

Trading Stocks - Malaysia Building Society Bhd
Author: rhboskres Publish date: Wed, 19 Jun 2019, 5:27 PM



The stock has been experiencing a minor sideways consolidation phase in the recent sessions – within the range of MYR0.98 and above the 30-day SMA line. A breakout from the MYR0.98 level may signal the extension of its upward move. The following resistance may appear at MYR1.00, followed by MYR1.05. A stop-loss can be placed at below MYR0.96.

Source: RHB Securities Research - 19 Jun 2019

Posted by Good123 > 2019-08-14 20:16 | Report Abuse

Epf , so confidence with mbsb, all dividend converted into shares and raised its controlling stake to 64%+ , bravo.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MALAYSIA BUILDING SOCIETY BERHAD

Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address TINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
KUALA LUMPUR
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Share
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 24 Jul 2019
254,654,687
Acquired Direct Interest
Name of registered holder Citigroup Nominee(Tempatan) Sdn Bhd Employees Provident Fund Board
Address of registered holder Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Shares Derived from Dividend Reinvestment Plan
Nature of interest Direct Interest
Direct (units) 4,329,129,682
Direct (%) 64.48
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 4,329,129,682
Date of notice 25 Jul 2019
Date notice received by Listed Issuer 01 Aug 2019


Announcement Info
Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 01 Aug 2019
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-01082019-00010

Posted by Good123 > 2019-08-14 20:19 | Report Abuse

Mbsb could also be a target for bank mergers & acquisition, epf is likely to let go also with the right price offered... no feeling attached as an institutional investor holding 64%+... must grab some now :g

Posted by Good123 > 2019-08-14 21:38 | Report Abuse

Dont think epf will hold the controlling stake of 64%+ forever, epf will realise its investment at the right time :)

Posted by Good123 > 2019-08-14 21:40 | Report Abuse

Grab some at the lowest price ever before the chance flees :)

Board: MAIN
Sector: Finance
Avg Volume (4 weeks): 2,434,283
4 Weeks Range: 0.84 - 0.905
52 Weeks Range: 0.84 - 1.10
Average Price Target: 1.22
Price Target Upside/Downside: +0.38

Posted by 129055444514385 > 2019-08-14 22:53 | Report Abuse

Since the acquisition of Asian Finance Bank Berhad, now known as MBSB Bank Berhad in 2018, the investments of the Group have been upgraded to improve the delivery of products and services at various channels including internet and mobile banking. These investments include upgrade and enhancement of information technology infrastructure and services, people resources and upgrading of branches.
The Group continues the focus to expand the corporate business, to reach the desired corporate retail portfolio mix. As a new Islamic banking group in the industry, the Group is looking forward to expand its products and services which include trade finance, wealth management and internet and mobile banking to cater various segments of customers and depositors.
Barring any unforeseen circumstances, the Group’s prospects for the year are expected to be satisfactory.

Posted by 129055444514385 > 2019-08-15 08:11 | Report Abuse

:)

Loan growth in June moderated by 30bps to +4.2% YoY with applications in the negative territory since March 19, which we attributed to the post-festive season. However, QoQ saw loans improving. On a positive note, asset quality remained stable with overall approval rate in the system seeing an uptick. Our call on the sector remains at OUTPERFORM as valuations are attractive. In fact, most banks under our coverage are rated at OUTPERFORM: - AFFIN (TP: RM2.40), ABMB (TP: RM4.25), AMBANK (TP: RM5.10), CIMB (TP: RM6.45), MAYBANK (TP: RM10.35), MBSB (TP: RM1.15) and RHBBANK (TP: RM6.05). Others are NEUTRAL: - BIMB (TP: RM4.80), HLBANK (TP: RM20.05) and PBBANK (TP: RM24.10).

YoY moderating but improvement on an annualised and QoQ basis. After stabilizing in the two previous months, June 19 loans growth saw a 30bps drop to +4.2% YoY (vs May 19: +4.5% YoY) to RM1,728b. On a MoM basis, loans were stable at 0.4%, while on a QoQ, there was an uptick of 30bps to +0.8% QoQ. Both Business and Households saw moderation YoY; Business slowing by 40bps to +3.8% YoY (vs May 19: +3.8%), Households moderating by 30bps to +5.0% YoY (vs May 19: +5.3% YoY). On a QoQ basis, both Households and Business improved by 20bps and 30bps, respectively, to +0.4% and +1.2%. On an annualised basis, loans climb by another 40bps to end at +2.7% for June 19.

Moderation in loans due to post-festive season. The moderation in Business was primarily due to a slowdown in working capital (June 19: +3.3% vs +May 19: +2.3% YoY). Slowdown in Households was dragged by slowdown in credit card (+2.5% YoY vs May 19: +3.8% YoY), personal use (+3.2% YoY vs May 19: +3.6% YoY) and residential property (+7.1% YoY vs May 19: +7.3% YoY) which point to slowdown in spending post-festive season.

June 19 also saw repayments falling (-9% YoY vs May 19: +8%) vs disbursements (-12% YoY vs May 19: +12% YoY). Falling disbursements was evident in Business (-13% YoY vs May 19: +12% YoY) with Households (-7% YoY vs May 19: +13% YoY)

Overall net financing in the system moderated by 30bps to +5.6% YoY with loans shedding 30bps to +3.9% YoY and corporate bonds sliding 50bps to +11.6% YoY.

Applications fell post-festive. Loans applications fell 12% YoY (vs May 19: +13% YoY) to RM65,149m. Both Business and Household shared the same fortune; Business fell 12% YoY (vs May 19: +9% YoY) and Households drop 11% YoY (vs May 19: +17% YoY). Catalyst for the Business downturn were 16% YoY (vs May 19: +6% YoY) drop in working capital applications whilst for Households was the fall in purchase of passenger cars (-48% YoY vs May 19: -7% YoY). Purchase of residential property continued to be on an uptrend, albeit moderating (+8% YoY vs May 19: +37% YoY).

Approvals fell in June (-3% YoY vs May 19: +25% YoY) as Households fell 9% YoY (vs May 19: +25% YoY) mitigated by Business, which moderated at +2% YoY (vs May 19: +26% YoY). Business approvals were dragged by fall in approvals in working capital (-16% YoY vs May 19: +39%) with Household approvals were dragged by drop in approval for purchase of passenger cars (-43% YoY vs May 19: +17% YoY). Residential property approvals moderated +14% YoY (vs June 19: +32% YoY).

With fall in applications outpacing fall in approvals, approval rate in the system saw a 3ppts uptick to 53%; both Business and Household approvals rate saw a 3ppts uptick to 59% and 47%, respectively.

Liquidity stable and ample. Deposits continued to outpace loans, moderating +4.7% YoY to RM1,937b (vs May 19: +5.3% YoY) with excess liquidity remaining stable at 11%. The moderation in deposits came mainly from FDs and NIDS (+2% YoY and -13% YoY vs May 19: +3% YoY and -8% YoY). CASA ratio was still stable at 26% and with FDs moderating indicating easing of funding competition ahead as loans in the system moderated. Loan-to-fund (LTF) ratio and loan-to-deposit ratio (LDR) were relatively stable at 83% and 89%, respectively. Average lending rate dipped by another 4bps to 4.89% while 3-month deposits fell 2bps to 2.90%.

Asset quality continues to improve YoY as GIL fell 5bps to 1.57% while on MoM basis saw slight uptick by 4bps led by Business uptick by 3bps to 1.0% with Households remained stable at 0.56%.

The moderation in June was not expected given the post Raya festive season. We believe that pick-up in loans will materialise post-budget, with the resilient households remaining as the driver with the low interest rate environment boosted by stable asset quality from Households and stable employment, which spur further approvals from the banks. We expect loans growth in the system at ~5% (vs 2018: +7.1%). However, valuations seem more attractive with most of the banking stocks under our coverage rated at OUTPERFORM: - AFFIN (TP: RM2.40), ABMB (TP: RM4.25), AMBANK (TP: RM5.10), CIMB (TP: RM6.45), MAYBANK (TP: RM10.35), MBSB (TP: RM1.15) and RHBBANK (TP: RM6.05).. Others are NEUTRAL: - BIMB (TP: RM4.80), HLBANK (TP: RM20.05) and PBBANK (TP: RM24.10).

Source: Kenanga Resear

Posted by 129055444514385 > 2019-08-15 08:54 | Report Abuse

EPF will accumulate more and more :)

29-Jun-2017 EMPLOYEES PROVIDENT FUND BOARD 23-Jun-2017 Acquired 98,747,770 0.000 65.56 0.00 65.56 View Detail
09-Aug-2018 EMPLOYEES PROVIDENT FUND BOARD 06-Aug-2018 Acquired 190,396,027 0.000 63.77 0.00 63.77 View Detail
01-Aug-2019 EMPLOYEES PROVIDENT FUND BOARD 24-Jul-2019 Acquired 254,654,687 0.000 64.48 0.00 64.48 View Detail

Posted by JQ > 2019-08-15 09:06 | Report Abuse

Why continue drop ?

Posted by 129055444514385 > 2019-08-15 09:12 | Report Abuse

Easier for EPF to take it private and relist at much higher valuation like BIMB... grab more


ENTITLEMENT NEWS
COMPANY NAME MALAYSIA BUILDING SOCIETY BERHAD
STOCK CODE/SHORT NAME MBSB/1171
ANNOUNCEMENT DATE 18 Apr 2013
SUBJECT Dividend Policy Announcement

REMARKS
Dividend Payment Policy
The Company has adopted a 30% dividend payment ratio on profit after tax.
(Annual Report 2012)

Posted by 129055444514385 > 2019-08-15 09:16 | Report Abuse

MBSB 80sen+ vs BIMB RM4+ BIMB's dividend yield is much lower


MBSB Financial Information
Market Capital (RM)
: 5.639b
Number of Share
: 6.713b
EPS (cent)
: 6.10 *
P/E Ratio
: 13.77
ROE (%)
: 4.94
Dividend (cent)
: 5.000 ^
Dividend Yield (%)
: 5.95
Dividend Policy (%)
: 30 Details
NTA (RM)
: 1.236
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-12-31.


BIMB Financial Information
Market Capital (RM)
: 7.198b
Number of Share
: 1.764b
EPS (cent)
: 40.38 *
P/E Ratio
: 10.10
ROE (%)
: 13.07
Dividend (cent)
: 15.500 ^
Dividend Yield (%)
: 3.80
Dividend Policy (%)
: 50 Details
NTA (RM)
: 3.090
Par Value (RM)
: 1.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-12-31.

Posted by 129055444514385 > 2019-08-15 09:17 | Report Abuse

BIMB as the largest islamic bank could also make an offer to EPF for its 64%+ in MBSB to become the largest islamic bank in ASEAN at least

Posted by 129055444514385 > 2019-08-15 09:20 | Report Abuse

any local banks can make an offer to EFP to take over MBSB............ :)

Posted by 129055444514385 > 2019-08-15 09:21 | Report Abuse

Market cap is just RM5bil+ easy for takeover, etc.

Market Cap: 5,639 Million
NOSH: 6,713 Million
Avg Volume (4 weeks): 2,386,516
4 Weeks Range: 0.84 - 0.905
4 Weeks Price Volatility (%):
92.82%
52 Weeks Range: 0.84 - 1.09
52 Weeks Price Volatility (%):
77.06%
Average Price Target: 1.22
Price Target Upside/Downside: +0.38

Posted by 129055444514385 > 2019-08-15 09:23 | Report Abuse

EPF will acquire more and more at current price level :) the conversion from cash dividend to share dividend will continue as long as EPF is the controlling shareholder... :)

Wednesday, 14 Aug 2019

5:30PM MBSB OTHERS


Thursday, 1 Aug 2019

5:25PM MBSB EMPLOYEES PROVIDENT FUND BOARD (254,654,687 units Acquired)


Wednesday, 31 Jul 2019

6:22PM MBSB OTHERS


Wednesday, 24 Jul 2019

5:30PM MBSB DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:30PM MBSB ABDUL HALIM BIN ALI (15,647 units Acquired)

12:38PM MBSB NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)

Posted by 129055444514385 > 2019-08-15 09:25 | Report Abuse

really good... more than 6% div yield if converted into mbsb shares with the cash div :)

1171 MBSB MALAYSIA BUILDING SOCIETY BHD
Single-Tier Final Dividend 5.0 sen net

Entitlement Details:
Single-Tier Final Dividend in respect of the financial year ended 31December 2018 of 5.0 sen net per ordinary share in MBSB


Entitlement Type: Final Dividend (with Dividend Re-Investment Plan)
Entitlement Date and Time: 25/06/2019 05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2018
EX Date: 24/06/2019
To SCANS Date:
Payment Date: 23/07/2019
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlements

A Depositor shall qualify for the entitlement in respect of:
- Securities transferred into the Depositor's Securities Account before 25/06/2019 04:30 PM in respect of ordinary transfers.
- Securities transferred into the Depositor's Securities Account before in respect of express transfers.
- Securities deposited into the Depositor's Securities Account before 21/06/2019 12:30 PM in respect of securities exempted from mandatory deposit.
- Securities not withdrawn from the Depositor's Securities Account as at .
- Securities bought on BMSB on a cum entitlement basis according to the Rules of the BMSB.

Registrar's Name and Contact:
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, TowerA,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, JalanKerinchi59200Kuala LumpurTel:0327839299Fax:0327839222


Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



11/06/2019 07:00 AM


Ref Code: 201906113200170

Posted by 129055444514385 > 2019-08-15 09:26 | Report Abuse

In May 2019, a large block of shares changed hand.... something is ongoing behind the scene :)

Friday, 17 May 2019

5:23PM MBSB CHUA MA YU (250,000,000 units Disposed)

Posted by 129055444514385 > 2019-08-15 09:28 | Report Abuse

EPF fell in love with MBSB since last year... never take cash div , only wanted more shares of MBSB

Friday, 17 Aug 2018

6:58PM MBSB 1H net profit 402.479 million (increased 109.18%)


Thursday, 9 Aug 2018

5:55PM MBSB EMPLOYEES PROVIDENT FUND BOARD (190,396,027 units Acquired)


Monday, 6 Aug 2018

5:29PM MBSB DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

5:28PM MBSB ABDUL HALIM BIN ALI (11,699 units Acquired)

5:11PM MBSB NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)

Posted by 129055444514385 > 2019-08-15 09:30 | Report Abuse

now or never

MBSB starts afresh as a full-fledged Islamic bank | The Edge Markets
https://www.theedgemarkets.com/article/mbsb-starts-afresh-fullfledged-islamic-bank
Apr 17, 2018 - WITH its debut last Monday, MBSB Bank Bhd — the result of a merger ... on the potential customers' applications with the federal government,” he adds. ... the other, a “hold”, with their average 12-month target price at RM1.42.

Posted by 129055444514385 > 2019-08-15 09:34 | Report Abuse

Better outlook puts MBSB on the radar - MSN.com
https://www.msn.com/en-my/money/topstories/better...puts-mbsb.../ar-AABwsRq
May 17, 2019 - MBSB Bank Bhd sprang a surprise with an unexpected surge in ... “Still if you don't think your loans were potentially going to turn bad, why ... is whether the bank can achieve its loans growth target which appears to be bullish.

Posted by 129055444514385 > 2019-08-15 09:36 | Report Abuse

MBSB still work in progress, has great potential - PressReader
https://www.pressreader.com/malaysia/new-straits-times/20190523/281689731278832
May 23, 2019 - MBSB still work in progress, has great potential ... Rakuten Trade has a “buy” call on the company's shares, with a target price of RM1.31.

Posted by 129055444514385 > 2019-08-15 09:37 | Report Abuse

MBSB aspires to be an Islamic, bank | EdgeProp.my
https://www.edgeprop.my/content/mbsb-aspires-be-islamic-bank
Maintain market perform with a target price of RM2.40: According to media reports, ... Risks to our call include: (i) potential tighter regulations by the central bank; ...

Posted by 129055444514385 > 2019-08-15 09:39 | Report Abuse

for remembrance :) can it repeat for further M&A? EPF wont control a bank forever, right?

MBSB shares rise on merger news | New Straits Times | Malaysia ...
https://www.nst.com.my/news/2015/09/mbsb-shares-rise-merger-news
Oct 10, 2014 - KUALA LUMPUR: Shares of Malaysia Building Society Bhd (MBSB) rose ... analysts opined that the outright winner was MBSB, with a potential cash ... its share exceeded even its outperform target price of RM2.65 by 6.4 per ...

Posted by 129055444514385 > 2019-08-15 09:42 | Report Abuse

:)

Malaysia International Islamic Financial Centre (MIFC) : Fitch ...
www.mifc.com/index.php?ch=ch_contents_banking_takaful&pg=pg...ac...
... and potential asset-quality weaknesses linked to the inclusion of MBSB in the ... Management has highlighted the target of 9.5%, and may look to replenish ...

Posted by 129055444514385 > 2019-08-15 09:43 | Report Abuse

:p

MBSB Bank to take loyal customers globetrotting through The Journey ...
https://www.malaymail.com/news/life/2019/08/06/mbsb-bank-to.../1778103
Aug 6, 2019 - PETALING JAYA, Aug 6 — MBSB Bank is set to reward their ... and at the same time engage potential customers,” he said in a press release.

Posted by 129055444514385 > 2019-08-15 09:46 | Report Abuse

MBSB, it is a target till now because people do not think EPF will like to control MBSB 4ever

banking – potential mega merger of cimb, rhb cap and mbsb
www.bursamarketplace.com/mkt/.../ch=research&pg=research&ac=53832&bb=35006
Jul 11, 2014 - for the valuation of RHB Cap and MBSB (target companies). Based on our ... Table 1: Summary of the details for potential mega merger. CIMB.
MBSB Bank to take loyal customers globetrotting through The Journey ...
https://www.malaymail.com/news/life/2019/08/06/mbsb-bank-to.../1778103
Aug 6, 2019 - PETALING JAYA, Aug 6 — MBSB Bank is set to reward their ... and at the same time engage potential customers,” he said in a press release.
MBSB to be acquisition target if it courts another M&A | Borneo Post ...
https://www.theborneopost.com › Business
Apr 18, 2015 - MBSB to be acquisition target if it courts another M&A ... “On the flipside, they could also be potential partners (including foreign players whose ...
MBSB to reduce NPL below 3% this year - The Malaysian Reserve
https://themalaysianreserve.com/2017/03/31/mbsb-to-reduce-npl-below-3-this-year/
Mar 31, 2017 - Malaysia Building Society Bhd (MBSB) aims to reduce its overall net ... “Our target is definitely reduced to near zero. ... there likely be a merger potential between MBSB and Bank Islam Malaysia Bhd. “I cannot comment.
MBSB (1171) - Potential M&A target and stock rallies. - Malaysia's ...
www.investlah.com › Malaysia's Biggest Investment Forum › Bursa Malaysia › Equities
MBSB (1171) - Potential M&A target and stock rallies. « on: April 12, 2010, 10:34:54 AM ». MBSB (1171) is the next rally. For analysis, please visit ...

Posted by RedEagle > 2019-08-15 10:27 | Report Abuse

Buy today? Sell tomorrow?