Posted by RedEagle > 2019-08-15 11:22 | Report Abuse

We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the second quarter ended 30 June 2019 on Thursday, 15 August 2019 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 31 July 2019.

Posted by JQ > 2019-08-15 12:06 | Report Abuse

Good buy now ?

Posted by RedEagle > 2019-08-15 16:59 | Report Abuse

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.

Posted by JQ > 2019-08-15 17:52 | Report Abuse

Why ?

Posted by Yippy68 > 2019-08-16 03:08 | Report Abuse

82.5 should be good to buy if you had sold your DRP share at 90 sen

Posted by RedEagle > 2019-08-16 09:27 | Report Abuse

CMY not a director..No power to approve any proposal of the management(Board Meeting)..better CMY buy some shares from small company (sumatec, eah, puc)

Posted by JQ > 2019-08-17 08:44 | Report Abuse

Trap at 90sen :(

Posted by dinasdimensi > 2019-08-19 11:19 | Report Abuse

everybody is trapping here. waiting for the next Q report next week.

Posted by JQ > 2019-08-19 12:13 | Report Abuse

If it can write back the expected credit loss, then net profit will jump

Posted by Good123 > 2019-08-19 16:36 | Report Abuse

Just grab

Posted by Good123 > 2019-08-19 16:37 | Report Abuse

Wait for Q2, write back lcl

Posted by Good123 > 2019-08-19 21:32 | Report Abuse

Mbsb is an EPf punya bank.. 64%+ just add... surely target for takeover or acquisition. Epf tak kan mau control forever

Posted by Good123 > 2019-08-19 21:33 | Report Abuse

Bimb might acquire or merge with mbsb to become a stronger Islamic bank... :)

Posted by Good123 > 2019-08-19 21:34 | Report Abuse

Div yield 6%+ of mbsb fd rate around 3%

Posted by Good123 > 2019-08-19 21:35 | Report Abuse

Buy more lah, takut apa... kwsp kawal dengan ketat

Posted by Good123 > 2019-08-19 22:08 | Report Abuse

Will buy more with excess cash... epf jaga , peace

Posted by Good123 > 2019-08-19 22:47 | Report Abuse

Mbsb can do takaful biz on her own or strategic alliance like cimb Islamic bank

KUALA LUMPUR: Takaful Ikhlas General Bhd and CIMB Islamic Bank Bhd are targeting to achieve RM168 million in gross contribution from their newly forged strategic bancatakaful partnership over the next five years.

The two groups, which launched the tie-up yesterday, expect the partnership to grow by 11% every year for the next five years. The share split agreement of the contribution, however, was not disclosed.

When asked about the ambitious target, CIMB Islamic chief executive officer (CEO) Rafe Haneef said he is confident the collaboration will achieve its goal, banking on CIMB Islamic’s strong existing customer base.

“We are not going to look at new bank customers, we already have our existing customer base. So we will grow the takaful business within the existing customer base.

“The existing businesses have already created the demand for the [new] products. So, in addition to the existing businesses, we will also grow the bank customers,” he told a media conference after the launch.

Rafe noted that CIMB Islamic currently has over a million existing policyholders for its bancatakaful products.

The partnership between Takaful Ikhlas, a wholly-owned unit of MNRB Holdings Bhd, and CIMB Islamic, the Islamic banking arm of CIMB Group Holdings Bhd, is aimed at providing general takaful products and solutions to the bank’s customers across retail, small and medium enterprises, as well as commercial segments.

Takaful Ikhlas will be the preferred general takaful provider to all CIMB Islamic customers. CIMB Islamic will leverage on Takaful Ikhlas’ offerings, including motor and home protection, as well as coverage for commercial subscribers such as fire, construction, workmen, equipment, marine and liability, to cater to customers’ demand for syariah-compliant takaful products.

Takaful Ikhlas will, in turn, leverage on CIMB Islamic’s distribution channels comprising the bank’s 250 branches nationwide, online platforms and call centres. In his speech at the launch, Takaful Ikhlas president and CEO Eddy Azly Abidin said the takaful provider is targeting a double-digit year-on-year growth in gross contribution for the current financial year ending March 31, 2020, as he observed a rising demand for takaful products in Malaysia.

“I can certainly attest that the demand for takaful products is growing and both organisations should work closer together to capitalise on this market’s potential. We want to be part of the growth and widen our reach.

“This partnership will be built on both organisations’ shared commitment and ambition to drive greater takaful penetration rate,” he added.

Posted by williamtkb > 2019-08-20 07:07 | Report Abuse

Waiting epf selling only the price will move sky high.

Posted by JQ > 2019-08-20 07:53 | Report Abuse

Possible go back to rm 1.00 ?

Posted by 129055444514385 > 2019-08-20 09:10 | Report Abuse

EPF wants more and more of MBSB shares instead of cash dividend... haha

1171 MBSB MALAYSIA BUILDING SOCIETY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder
Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia
Address:
TINGKAT 19 BANGUNAN KWSP JALAN RAJA LAUT 50350 KUALA LUMPUR Wilayah
Persekutuan Malaysia
Descriptions (Class and Nominal Value):
Ordinary Share
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment.To read the entire contents of the announcement or attachment,please
access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 25/07/2019
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 24/07/2019 Acquired 254,654,687 -
Circumstances by reason of which change has occurred:
Shares Derived from Dividend Reinvestment Plan
Nature of Interest:
Direct Interest
Consideration:

No of Shares Held After Changes:
Direct : 4,329,129,682 shares (64.4800%)
Total : 4,329,129,682 shares
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 access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

01/08/2019 07:00 AM


Ref Code: 201908013600209

Posted by 129055444514385 > 2019-08-20 09:11 | Report Abuse

EPF wants more and more of MBSB shares instead of cash dividend... haha

1171 MBSB MALAYSIA BUILDING SOCIETY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder
Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia
Address:
TINGKAT 19 BANGUNAN KWSP JALAN RAJA LAUT 50350 KUALA LUMPUR Wilayah
Persekutuan Malaysia
Descriptions (Class and Nominal Value):
Ordinary Share
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment.To read the entire contents of the announcement or attachment,please
access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 25/07/2019
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 24/07/2019 Acquired 254,654,687 -
Circumstances by reason of which change has occurred:
Shares Derived from Dividend Reinvestment Plan
Nature of Interest:
Direct Interest
Consideration:

No of Shares Held After Changes:
Direct : 4,329,129,682 shares (64.4800%)
Total : 4,329,129,682 shares
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 access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

01/08/2019 07:00 AM


Ref Code: 201908013600209

Posted by 129055444514385 > 2019-08-20 09:18 | Report Abuse

Epf might privatize it and sell it later . Wait n see

Posted by 129055444514385 > 2019-08-20 09:18 | Report Abuse

Very undervalued.. waiting for action by epf

Posted by 129055444514385 > 2019-08-20 09:30 | Report Abuse

MBSB is the only local bank controlled by epf with 64%+ shareholding... peace of mind

Posted by 129055444514385 > 2019-08-20 09:31 | Report Abuse

MBSB is expected to generate the highest for minority shareholders

Posted by 129055444514385 > 2019-08-20 09:32 | Report Abuse

MBSB with epf as the controlling and largest shareholder will uphold the highest standard of corporate governance not involving related parties unlike genm and others

Posted by 129055444514385 > 2019-08-20 09:34 | Report Abuse

Epf pays its stakeholders 6%+ dividend yearly, surely epf will try to maximize return unlike family controlled biz

Posted by 129055444514385 > 2019-08-20 09:36 | Report Abuse

Target price by analysts always above rm1.

Date Open Price Target Price Upside/Downside Price Call Source News
01/07/2019 0.91 1.15 +0.24 (26.37%) BUY KENANGA Price Target News
21/05/2019 0.935 1.31 +0.375 (40.11%) BUY Rakuten Price Target News
16/05/2019 0.945 1.25 +0.305 (32.28%) BUY MIDF Price Target News
16/05/2019 0.95 1.15 +0.20 (21.05%) BUY KENANGA Price Target News
16/05/2019 0.945 1.15 +0.205 (21.69%) BUY AmInvest Price Target News
02/05/2019 0.995 1.15 +0.155 (15.58%) BUY KENANGA Price Target News
01/03/2019 1.02 1.23 +0.21 (20.59%) BUY MIDF Price Target News
01/03/2019 1.02 1.15 +0.13 (12.75%) BUY KENANGA Price Target News
01/03/2019 1.02 1.24 +0.22 (21.57%) BUY AmInvest Price Target News

Posted by 129055444514385 > 2019-08-20 09:37 | Report Abuse

This is a listed bank without the involvement of family members..mainly run professionally to the highest standard

Posted by 129055444514385 > 2019-08-20 09:38 | Report Abuse

An excellent stock for retirees and investors run and controlled by epf

Posted by JQ > 2019-08-20 09:40 | Report Abuse

But why keep dropping?

Posted by 129055444514385 > 2019-08-20 09:50 | Report Abuse

An islamic bank controlled by EPF to conquer the market... few years later, mbsb could overtake BIMB as the largest islamic bank too with a cash rich controlling shareholder like EPF.

Company Profile


Introduction

MBSB Bank Berhad formerly known as Asian Finance Bank Berhad (AFB) has been granted a license by Bank Negara Malaysia to undertake Islamic Banking business. MBSB Bank is regulated and supervised by Bank Negara Malaysia under the Islamic Financial Services Act, 2013.


Organization

MBSB Bank Berhad, a full-fledged Islamic Bank was incorporated on 28 November 2005 is a wholly owned subsidiary of Malaysia Building Society Berhad.

On 6 November 2017, MBSB entered into a Share & Purchase Agreement with the shareholders of Asian Finance Bank Berhad (“AFB/Vendors”) for the proposed acquisition by MBSB of the entire equity interest in AFB for an aggregate purchase consideration of RM644,952,807.66 to be satisfied by way of cash amounting to RM396,894,036.26 and the issuance of 225,507,974 Consideration Shares at an issue price of RM1.10 per Consideration Share (“the Acquisition”).

The Acquisition was approved by the shareholders’ of MBSB on 23 January 2018. The shareholders also approved the transfer of Shariah Compliant Assets and Liabilities of MBSB to AFB via a Members’ Scheme of Arrangement.

Pursuant to the abovesaid approval and upon completion of the transfer of shares and the payment of the balance of the purchase consideration to the Vendors, AFB became a wholly owned subsidiary of Malaysia Building Society Berhad on 7 February 2018.

AFB undertook a rebranding exercise and on 2 April 2018 it changed its name to MBSB Bank Berhad.

Posted by 129055444514385 > 2019-08-20 09:51 | Report Abuse

Be patient, patience is a virtue :)

MBSB Bank Berhad formerly known as Asian Finance Bank Berhad (AFB) has been granted a license by Bank Negara Malaysia to undertake Islamic Banking business. MBSB Bank is regulated and supervised by Bank Negara Malaysia under the Islamic Financial Services Act, 2013.

Posted by 129055444514385 > 2019-08-20 09:52 | Report Abuse

probably, some cash hungry minority shareholders wanted to exit :)


JQ But why keep dropping?
20/08/2019 9:40 AM

Posted by 129055444514385 > 2019-08-20 09:53 | Report Abuse

MBSB is a cheaper option and low risk stock to capitalise on the local islamic banking industry as MBSB is controlled and run by EPF

Posted by 129055444514385 > 2019-08-20 09:55 | Report Abuse

expecting proposal from other parties making an offer to EPF for its stake in MBSB soon too :)

Posted by JQ > 2019-08-20 09:55 | Report Abuse

Sell their drp ?

Posted by Good123 > 2019-08-20 10:21 | Report Abuse

Yes, desperate for cash , sell lor


JQ Sell their drp ?

Posted by Good123 > 2019-08-20 10:22 | Report Abuse

Mbsb has no succession Planning problem, anak tak minat, dll.. just hire the best to run it

Posted by Good123 > 2019-08-20 10:24 | Report Abuse

Any sale of share is just among the minority shareholders, epf never sell , only increase its stake in mbsb :v

Posted by Good123 > 2019-08-20 10:33 | Report Abuse

:)

KUALA LUMPUR: An affiliate of Fitch Ratings Inc has raised its 2019 real gross domestic product growth forecast for Malaysia to 4.6% from 4.2% previously, following the country’s strong economic performance in the first half of 2019 (1H19).

The revision was done by Fitch Solutions Macro Research (Fitch Solutions), a product of Fitch’s affiliate, Fitch Solutions Group Ltd.

The revision reflects the stronger-than-expected average growth rate of 4.7% year-on-year (y-o-y) in 1H19, as well as its view for private consumption to remain strong and for the deceleration in investment growth to bottom out, Fitch Solutions said in an Aug 16 report.

However, it expects net exports to drag on overall growth in 2H19 amid deteriorating external conditions due to the escalating US-China trade war, with exports likely to remain anaemic, while imports are expected to pick up along with investment.

“We expect private consumption to remain the main engine of growth and to continue benefiting from government policies that raise disposable income and purchasing power, such as the RM37 billion in tax refunds paid out in 2019, as well as the central bank’s decision to cut the policy rate by 25 basis points to 3% in May.

“Government spending, however, is likely to remain subdued for the rest of 2019. The factors that led to the sharp decline in government consumption growth in 2Q19 (second quarter of 2019) to 0.3% y-o-y from 6.3% y-o-y in 1Q19 are likely to remain in play. These include a smaller fiscal budget, continued focus on paying down public debt, and unfavourable base effects,” it said.

Its previous analysis had expected investment to prove less of a drag on growth over 2019, which it said appears to be playing out in 2Q19.

“We believe that investment is likely to bottom out over the course of 2H19, with work on the renegotiated RM44 billion East Coast Rail Link having restarted on July 24.

“Furthermore, there remains potential for manufacturers in Malaysia to benefit from the increasingly acrimonious US-China trade war in terms of companies relocating capacity to Malaysia, especially in the low to mid value-add segment,” it said, adding that the government also plans to woo more investments from China.

It also highlighted that goods exported to the US from Malaysia currently do not face additional tariffs as do Chinese goods and this should put Malaysia in good stead to attract companies targeting the American market.

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

Trust epf to do a good job

Posted by yfchong > 2019-08-21 12:42 | Report Abuse

Now moving

Posted by mukhriz02023 > 2019-08-21 23:39 | Report Abuse

Berapa harga musang king grade A sekilo?

Posted by JQ > 2019-08-22 00:03 | Report Abuse

Can perform? Trap at .90

Posted by 10155751748352084 > 2019-08-22 15:28 | Report Abuse

good result

Posted by Ron90 > 2019-08-22 16:02 | Report Abuse

result suppose to come out next week..maybe better. They have spent so much $$$ for promotion, here and there, everywhere..

Posted by JQ > 2019-08-23 17:24 | Report Abuse

Delay quarter report got problem or not ?

Posted by Godofgambler > 2019-08-24 18:39 | Report Abuse

Mbsb is going great... Every year got dividen...

Posted by Godofgambler > 2019-08-24 19:28 | Report Abuse

Keep for 20 years... Dividen will cover the loss