Posted by Good123 > 2020-07-15 14:44 | Report Abuse

91sen to 58sen, Lelong price. after becoming a full fledged Islamic Bank , back to above RM 1

Posted by Good123 > 2020-07-15 14:44 | Report Abuse

dividend yield 5% (

Posted by Good123 > 2020-07-15 14:45 | Report Abuse

probably impairment loss will be reversed in the coming quarter, huge profit will be reported again

Posted by Good123 > 2020-07-15 14:46 | Report Abuse

buy n hold ... DY 5% . takda bank pernah muflis di malaysia

Posted by Good123 > 2020-07-15 14:47 | Report Abuse

mbsb , one of the best stocks for retirees, EPF is also the largest shareholder

Posted by Good123 > 2020-07-15 14:50 | Report Abuse

mbsb is possible to merge with bank Islam to become one of the largest Islamic banks in ASEAN

Posted by Good123 > 2020-07-15 14:51 | Report Abuse

bank merger is the possible nowadays

Posted by Victor Yong > 2020-07-15 14:54 | Report Abuse

agreed. go for it :)


Malaysia Building Society Bhd - Turning Red From Higher ECL
Date: 26/06/2020

Source : MIDF
Stock : MBSB Price Target : 0.70 | Price Call : HOLD
Last Price : 0.58 | Upside/Downside : +0.12 (20.69%)

Back

KEY INVESTMENT HIGHLIGHTS
Results were below expectation as MBSB posted net loss
Net loss was due to higher ECL
PPOP was within expectations
Gross financing declined marginally but deposits was stable
Earnings revised downwards by -63.5%/-37.8%/-21.8% for FY20/FY21/FY22
Maintain NEUTRAL with revised TP of RM0.70 (from RM0.80) as we rollover our valuation to FY21
Below expectations. Malaysia Building Society Bhd (MBSB) 1QFY20 results were below expectations as it posted net loss of -RM73.3m.

Turned red from higher ECL. The main attributor for the net loss in the quarter was the higher ECL. Provisions went up by +90.7%yoy due to an increase in Stage 2 and Stage 3 financing. MBSB’s two retail financing portfolios also suffered from Stages 2 and 3 deteriorations due to legacy accounts. GIF ratio went up +21bp to 5.51%.

PPOP within expectations. For 1QFY20, PPOP came in RM252.8m. This represented a -6.0%yoy decline. Main contributor was the drop in total income, where it fell -0.7%yoy. The OPR cuts and flattish gross financing were the factors that dragged total income down.

Gross financing was relatively flat. MBSB’s gross financing book declined marginally by -0.1%yoy to RM35.4b. Its personal financing portfolio, which is contributes the most, fell -3.2%yoy to RM19.8b as there were lower disbursement and in our opinion cautious sentiment from would-be borrowers. However, this was moderated by housing portfolio where both Islamic and conventional combined grew +11.5%yoy to RM6.2b. Corporate financing grew +0.2%yoy to RM9.3b.

Stable deposits growth. Total deposits grew +2.2%yoy to RM26.8b. This was led by CASA deposits which more than tripled, as it came to RM871.8m from RM250.4m as at 1QFY19. Meanwhile, fixed deposits decreased -0.2%yoy to RM25.9b. We opine that MBSB also took advantage of its banking license to reorganize its deposits.

Earnings revision. We are revising downwards our earnings forecast for FY20/FY21/FY22 by -63.5%/-37.8%/-21.8% as we take into account the higher ECL.

Valuation and recommendation. We recognize that the operating environment is currently tough. We expect ECL and GIF ratio will spike up in the coming quarters, especially post loan moratorium. Nevertheless, we expect MBSB to be stable operationally as PPOP came in within our expectation. All-in, we maintain our NEUTRAL call, with a revised TP of RM0.70 as we rollover our valuation to FY21. Our TP is derived by pegging its FY21 BPS to PBV multiple of 0.5x.

Source: MIDF Research - 26 Jun 2020

Posted by Good123 > 2020-07-15 15:02 | Report Abuse

close to 2016 punya right issue price :). Rights Issue

MALAYSIA BUILDING SOCIETY BERHAD
EX-date21 Jun 2016Entitlement date24 Jun 2016Entitlement time05:00 PMEntitlement subjectRights IssueEntitlement descriptionRENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 2,899,387,079 NEW ORDINARY SHARES OF RM1.00 EACH IN MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR "COMPANY") ("MBSB SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING MBSB SHARE HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 24 JUNE 2016 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.59 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.41 IS TO BE CAPITALISED FROM MBSB'S SHARE PREMIUM ACCOUNT ("RIGHTS ISSUE")Period of interest payment  to  Financial Year End31 Dec 2016Share transfer book

Posted by Good123 > 2020-07-15 16:44 | Report Abuse

MBSB to become Islamic banking counter within 2 years - The Malaysian Reserve

12 Jun 2019 · Malaysia Building Society Bhd ( MBSB) expects its full-fledged Islamic banking business under MBSB Bank Bhd to become a holding .

Posted by Good123 > 2020-07-15 16:45 | Report Abuse

next year , few months left only

Posted by Good123 > 2020-07-15 16:47 | Report Abuse

mbsb second lowest p/b among local banks plus becoming a full fledged Islamic Bank next year . value buy.


In terms of valuations, six banks are currently trading at price-to-book (PB) value of less than one. They include RHB Bank Bhd (0.77 times), CIMB Group Holdings Bhd (0.67 times), Alliance Bank Malaysia Bhd (0.57 times), AMMB Holdings Bhd (0.52 times), Malaysia Building Society Bhd (0.47 times) and Affin Bank Bhd (0.34 times).

Posted by Good123 > 2020-07-15 17:43 | Report Abuse

Malaysia Building Society Berhad  mempunyai latar belakang yang lama. MBSB bermula dalam tahun 1950 dan dikenali sebagai Federal dan Colonial Building Society Limited. Pada tahun 1956, MBSB menukar namanya kepada Malaya Borneo Building Society Limited (MBBS), dengan Kerajaan Malaysia sebagai pemegang saham utamanya. Ia kemudian disenaraikan di Bursa Saham Malaysia dan Singapura pada bulan Ogos 1963. Kumpulan Wang Simpanan Pekerja (KWSP) dan Permodalan Nasional Berhad (PNB) kini merupakan pemegang saham utama Pinjaman Peribadi MBSB.

Pinjaman MBSB telah berkembang dalam peranannya daripada menjadi pembiaya harta pertama kepada pembekal kewangan yang menawarkan spektrum produk dan perkhidmatan koperasi dan pinjaman yang inovatif di seluruh rangkaian cawangan di seluruh Malaysia.

Status dari “Expert Finance Company” atau Status Syarikat Kewangan Terkecuali telah diberikan kepada Pinjaman MBSB pada 1 Mac 1972 oleh Kementerian Kewangan yang membolehkan MBSB melakukan perniagaan kewangan tanpa lesen berstatus kekal sehingga kini. Semua Syarikat Kewangan termasuk MBSB adalah di bawah bidang kuasa BAFIA iaitu Akta Perbankan dan Institusi Kewangan (1989). Di bawah BAFIA, MBSB ditakrifkan sebagai Institusi Berjadual.

Pada 6 November 2017, MBSB telah menandatangani Perjanjian Saham

Posted by Good123 > 2020-07-15 17:46 | Report Abuse

MBSB Bank, controlled by the Employees Provident Fund (EPF), is starting out with total assets of RM43.7 billion, making it the second largest standalone Islamic bank after Bank Islam Malaysia Bhd (RM57.7 billion).

Retail financing makes up the bulk (78%) of its gross financing book of RM32.6 billion, with corporate financing making up the rest (22%).

The bank intends for the retail-corporate ratio to be around 65:35 by the end of 2020 as it builds up its corporate business, particularly in the industrial hire purchase and property segments. In property, it will focus on providing end-to-end financing to property developers of affordable homes.

Personal financing (PF), which constitutes the biggest portion (65%) of its gross financing and is extended mainly to civil servants, is something it does not plan to push hard. It will, however, continue to tap that customer base, enticing them instead to take up other products offered by the bank.

“We have to continue our focus on civil servants by virtue of the fact that right now, a big chunk of the portfolio is still with PF. But our strategy will be different — the kind of things that we want to do for civil servants will be different from what we were doing. As I said, it’s not just offering outright financing but cross-selling to them our other products,” Ahmad Zaini says.

As a bank, MBSB Bank will continue to enjoy the benefits of automatic salary deductions for civil servant customers, he says. This feature has helped keep defaults in its PF portfolio low, given that it runs into problems only if a customer loses his job or dies.

Posted by Good123 > 2020-07-15 17:54 | Report Abuse

mbsb shares are held by solid institutional funds/investors!

as at 29 April 2020

THIRTY LARGEST SHAREHOLDERS
No. Name Holdings %
1. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
4,329,129,682 64.485
2. MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD
MALAYAN BANKING BERHAD (ECDG HEDGING)
250,000,000 3.724
3. CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR CGS-CIMB SECURITIES (SINGAPORE) PTE LTD
(RETAIL CLIENTS)
183,483,305 2.733
4. HSBC NOMINEES (ASING) SDN BHD
EXEMPT AN FOR HSBC PRIVATE BANK (SUISSE) SA
(CLIENT ASSETS)
124,398,715 1.853
5. RHB NOMINEES (ASING) SDN BHD
TADHAMON CAPITAL BSC CLOSED
103,441,163 1.541
6. CIMB GROUP NOMINEES (ASING) SDN BHD
EXEMPT AN FOR DBS BANK LTD (SFS-PB)
86,573,949 1.290
7. PERMODALAN NASIONAL BERHAD 67,022,652 0.998
8. RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR FONG SILING (CEB)
41,000,000 0.611
9. KHAZANAH NASIONAL BERHAD 37,016,300 0.551
10. HSBC NOMINEES (ASING) SDN BHD
JPMCB NA FOR VANGUARD EMERGING MARKETS STOCK INDEX FUND
32,428,400 0.483
11. HSBC NOMINEES (ASING) SDN BHD
JPMCB NA FOR VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
30,204,884 0.450
12. MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD PLEDGED
SECURITIES ACCOUNT FOR HAWANG KIM LIAN
20,000,075 0.298
13. B-OK SDN BHD 17,495,726 0.261
14. HSBC NOMINEES (ASING) SDN BHD
EXEMPT AN FOR CREDIT SUISSE (SG BR-TST-ASING)
16,644,511 0.248
15. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHUNG CHEE YANG
15,759,120 0.235
16. CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
15,332,591 0.228
17. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHUNG CHEE YANG (CHU0328C)
14,523,773 0.216
18. CARTABAN NOMINEES (ASING) SDN BHD
EXEMPT AN FOR STATE STREET BANK

Posted by SJSOON > 2020-07-15 19:11 | Report Abuse

Yes... I think most substantial shareholders’ cost of holding this share is higher than current market price.

Posted by SJSOON > 2020-07-15 19:12 | Report Abuse

Now it is just the initial stage. Though there is still a Long way to reap the reward, we can be first mover now.

Posted by Jerichomy > 2020-07-15 19:43 |

Post removed.Why?

Posted by Jerichomy > 2020-07-15 19:55 | Report Abuse

This time So many chinese money being cheated here

Posted by Jerichomy > 2020-07-15 19:56 | Report Abuse

Next time, china press write something, i am going to screwed them UP

Posted by Lee_CK > 2020-07-15 21:07 | Report Abuse

Hi friends, may I know how can we get the MBSB Share Reinvestment Form? Any advice?

Posted by Jerichomy > 2020-07-15 21:17 |

Post removed.Why?

Posted by Jerichomy > 2020-07-15 21:20 | Report Abuse

If u got email, i can send u the chart analysis...!!!

Posted by Victor Yong > 2020-07-15 21:31 | Report Abuse

Best entry point is now :)



Last Price Today's Change
0.575 -0.005 (0.86%)

Avg Volume (4 weeks): 8,064,650
4 Weeks Range: 0.575 - 0.70
52 Weeks Range: 0.46 - 0.905
Average Price Target: 0.80
Price Target Upside/Downside: +0.225

Date Close Volume
14/07/2020 0.58 5,584,200
13/07/2020 0.59 8,754,600
10/07/2020 0.61 21,884,900
09/07/2020 0.61 13,555,700
08/07/2020 0.615 9,860,000
07/07/2020 0.61 13,262,500
06/07/2020 0.615 24,806,500
03/07/2020 0.62 11,172,000
02/07/2020 0.62 11,409,900
01/07/2020 0.635 5,710,200
30/06/2020 0.62 1,536,000
29/06/2020 0.61 4,482,500
26/06/2020 0.63 5,956,400
25/06/2020 0.655 4,899,100
24/06/2020 0.66 1,665,900
23/06/2020 0.655 5,213,100
22/06/2020 0.675 3,277,200
19/06/2020 0.675 4,285,600
18/06/2020 0.69 1,305,200
17/06/2020 0.695 2,671,500

Posted by Victor Yong > 2020-07-15 21:37 | Report Abuse

High Dividend Yield and NTA per Share

Current NTA per share is MYR 1.26. Share price is only MYR 0.575 Price to book ratio is only ~ 0.48. Suppose dividend remains MYR 0.03, this represents dividend yield ~5% which is more attractive than current deposit rate. When the economy recovers and the company's earnings improve, should the dividend payout increase to MYR 0.05, dividend yield will grow to 8.20% (Of course this is just a simplified assumption).

Furthermore, the company's ROE has been improving since 2016.

The share price is deeply undervalued now.

Posted by pradeep > 2020-07-15 22:10 | Report Abuse

Good123 and others had already commented as regards to the value of MBSB.Nevertheless if MBSB bank is listed it will create value to our shares and further it cannot be less then the NTA price and further a premium will be added but as a shareholder of MBSB holding what do we get especially you are a loyal shareholder of MBSB. So far the management is silent and we should raise this issue in the interest of all parties. We should pray a win win situation should be offered to the present shareholder and especially many are corporate and Govt link companies. Any one of you can guide us as we are consider minority shareholders.

Posted by Victor Yong > 2020-07-15 22:47 | Report Abuse

Director purchased mbsb shares between 80sen and RM1.15 last time :)

If we keep this the islamic bank is spinned off/listed via IPO next year, very likely the share price will return to RM1+ :)

TAN SRI ABDUL HALIM BIN ALI 23-Jul-2019 Acquired 15,647 0.800
TAN SRI ABDUL HALIM BIN ALI 03-Aug-2018 Acquired 11,699 1.020
TAN SRI ABDUL HALIM BIN ALI 22-Jun-2017 Acquired 6,067 1.150

Posted by Good123 > 2020-07-16 07:32 | Report Abuse

On Wall Street, the Dow Jones Industrial Average rose 0.85%, the S

Posted by Victor Yong > 2020-07-16 07:47 | Report Abuse

Revenue 771.16M Open 0.585 52 wk Range 0.46 - 0.905 EPS 0.08 Volume 4,582,200 Market Cap 3.76B Dividend (Yield) 0.03 (5.22%) Average Vol. (3m) 6,228,420 P/E Ratio 7.2 1-Year Change- 35.91% Shares Outstanding 6,533,037,000

Posted by Victor Yong > 2020-07-16 07:48 | Report Abuse

Bottom fishing :)

MBSS Historical Data
Time Frame:

Monthly
07/27/2018 - 07/16/2020

Date Price Open High Low Vol. Change %
Jul 20 0.575 0.630 0.650 0.575 4.58M -7.26%
Jun 20 0.620 0.660 0.765 0.600 117.81M -6.06%
May 20 0.660 0.630 0.700 0.620 79.30M 3.94%
Apr 20 0.635 0.560 0.645 0.550 80.53M 13.39%
Mar 20 0.560 0.780 0.785 0.460 108.56M -27.27%
Feb 20 0.770 0.785 0.805 0.745 42.37M -3.14%
Jan 20 0.795 0.830 0.850 0.790 35.51M -4.22%
Dec 19 0.830 0.840 0.885 0.830 42.16M -1.19%
Nov 19 0.840 0.875 0.890 0.835 34.32M -4.00%
Oct 19 0.875 0.835 0.900 0.820 55.04M 4.79%
Sep 19 0.835 0.850 0.875 0.825 18.81M -1.76%
Aug 19 0.850 0.870 0.885 0.820 43.40M -2.30%
Jul 19 0.870 0.910 0.915 0.865 45.87M -3.33%
Jun 19 0.900 0.920 0.985 0.890 55.28M -2.17%
May 19 0.920 0.995 0.995 0.915 54.08M -7.54%
Apr 19 0.995 0.955 1.010 0.940 54.41M 4.19%
Mar 19 0.955 1.020 1.020 0.930 82.97M -8.17%
Feb 19 1.040 0.995 1.080 0.985 47.07M 4.52%
Jan 19 0.995 0.925 1.020 0.915 51.19M 8.15%
Dec 18 0.920 0.960 1.000 0.915 39.46M -3.16%
Nov 18 0.950 0.940 1.050 0.920 61.68M 1.06%
Oct 18 0.940 1.020 1.020 0.890 80.35M -6.93%
Sep 18 1.010 1.060 1.060 1.000 60.40M -4.72%
Aug 18 1.060 1.120 1.130 1.050 149.25M -5.36%
Highest: 1.130 Lowest: 0.460 Difference: 0.670 Average: 0.850 Change %: -48.661

Posted by Victor Yong > 2020-07-16 07:53 | Report Abuse

Expecting a strong rebound today :)

Vaccine hopes drive gains for European stocks - MarketWatchwww.marketwatch.com › story › vaccine-hopes-drive-gai...
16 hours ago - Stocks climbed in Europe after positive news from Biotech Moderna about its coronavirus vaccine candidate.

Dow Jumps Over 200 Points After Moderna's Coronavirus ...www.forbes.com › sites › sergeiklebnikov › 2020/07/15
4 hours ago - Moderna's vaccine news sent markets higher. ... Vaccine hopes and better-than-expected earnings are helping drive stocks higher, but the ...


Moderna soars 18% after early coronavirus vaccine trial ...www.businessinsider.com › moderna-stock-price-positi...
5 hours ago - Moderna stock surged as much as 18% on Wednesday after the ... The optimistic trial news also pushed the broader market higher as ... Goldman Sachs' 2nd-quarter earnings beat estimates as trading desks drive revenue ...

Posted by Good123 > 2020-07-16 08:05 | Report Abuse

mbsb, top the list :)

吉隆坡15日讯）马股在2019冠状病毒病疫情和管控令冲刷下浮现价值，雇员公积金局（EPF）次季增持了多个股项，显示该局趁低吸购马股。

该局官网今天公布次季30大持股名单显示，此次共增持17家公司，包括柏马汽车（BAUTO，5248，主板消费股）、马电讯（TM，4863，主板电信与媒体股）、国家能源（TENAGA，5347，主板公用事业股）、联昌国际（CIMB，1023，主板金融股）、大众银行（PBBANK，1295，主板金融股）、IJM（IJM，3336，主板建筑股）和森那美种植（SIMEPLT，5285，主板种植股）等。

柏马汽车最获青睐

其中，最获青睐的要属柏马汽车，该局次季共加码买进3.13%股权，至18.29%，排名从首季时的12名，跃升至第4名。

同时，榜单上共有9家公司遭该局减持，如兴业银行（RHBBANK，1066，主板金融股）、云升控股（YINSON，7293，主板能源股）、吉隆甲洞（KLK，2445，主板种植股）和PPB集团（PPB，4065，主板消费股）等。

此外，马建屋（MBSB，1171，主板金融股）依旧蝉联榜首，公积金局持股率维持在64.48%。

若按领域来看，银行及种植股仍占最大份额，分别拿下7个和5个席位。

这次榜上的成员变化不大，仅迎来1位新成员，即IOI集团（IOICORP，1961，主板种植股），而跌出榜的是砂查也马特（CMSB，2852，主板工业股）。

股价恢复散户难追

马六甲证券研究主管刘礼誉接受《南洋商报》电访时指出，公积金局次季是趁低入场吸纳，拉低投资成本。

“由于3月和4月整个马股大幅走跌，个股股价蒸发30%到40%左右，价值浮现，该局算是趁低进场。”

他补充，该局投资布局属于长期策略，可以等待低价才伺机而动。

不过他点出，当前大部分股价已恢复至疫前水平，因此投资者目前无法效仿。

他建议投资者可在科技领域中，寻找股价尚未回升的股项，例如在首季和次季遭重挫的电子制造服务（EMS）公司。

Posted by chkhooju > 2020-07-16 08:06 | Report Abuse

With Victor Yong around surely there will be grandmother stories.

Posted by Good123 > 2020-07-16 08:06 | Report Abuse

among the listed companies, EPF holds the highest stake in MBSB.

Posted by Good123 > 2020-07-16 08:12 | Report Abuse

KUALA LUMPUR: Banks in Singapore, Malaysia and the Philippines have the best asset quality with non-performing loans (NPLs) below 2% despite the challenging economic and credit conditions stemming from the Covid-19.3 days ago



https://www.thestar.com.my › business

Singapore, Malaysia and Philippines banks have best asset quality | The Star

Posted by Good123 > 2020-07-16 08:20 | Report Abuse

On Wall Street, the Dow Jones Industrial Average rose 0.85%, the S

Posted by Good123 > 2020-07-16 08:47 | Report Abuse

buy from existing shareholders, after getting share dividend, nak Jual Sikit. 

 1171    MBSB    MALAYSIA BUILDING SOCIETY BHDFinal Dividend (with Dividend Re-Investment Plan)Entitlement Details:Single-Tier Final Dividend of 3.0 sen per ordinary share in MBSB for the
financial year ended 31 December 2019.
Entitlement Type:Final Dividend (with Dividend Re-Investment Plan)Entitlement Date and Time:14/07/2020  05:00 PMYear Ending/Period Ending/Ended Date:31/12/2019EX Date:13/07/2020To SCANS Date:Payment Date:12/08/2020Interest Payment Period:Trading of Rights Start On:Trading of Rights End On:Stock Par Value:Share transfer book

Posted by Good123 > 2020-07-16 09:02 | Report Abuse

maybe, EPF should consider to privatise it now at Lelong price. Relist the Islamic Bank next year when ready

Posted by Good123 > 2020-07-16 09:03 | Report Abuse

cash rich investors should buy from cash poor shareholders who wanted to sell their share dividend received recently

Posted by Good123 > 2020-07-16 09:05 | Report Abuse

pelabur Yang Ada tunai patut Beli syer mbsb daripada pemegang syer Yang lapar tunai Yang baru terima dividen syer mereka

Posted by Good123 > 2020-07-16 09:08 | Report Abuse

looking towards above 60 sen

Posted by Good123 > 2020-07-16 09:10 | Report Abuse

largest shareholder is EPF, peace of mind. EPF dumped AirAsia before march 2020/ MCO proved their intelligence prudence

Posted by Good123 > 2020-07-16 09:20 | Report Abuse

based on current price, dividend yield 5% . hope EPF also pay their depositors 5% or above for 2020 :) like MBSB

Posted by Good123 > 2020-07-16 09:22 | Report Abuse

if EPF pays less than 5% to its depositors, then the retirees could withdraw from EPF and invest in mbsb :)

Posted by Good123 > 2020-07-16 09:30 | Report Abuse

bank, essential service, buka juga SeMasa PKP :)

Posted by Good123 > 2020-07-16 09:33 | Report Abuse

Is Mbsb bank safe?

PF, particularly to civil servants, makes up about 60% of MBSB Bank's financing portfolio. It is a safe segment for the bank — repayments are facilitated through an automatic monthly salary deduction system — unless the customer resigns or is laid off.May 21, 2019

Posted by Good123 > 2020-07-16 09:39 | Report Abuse

safer to lend to govt servants, deduct from their salaries directly. Is Mbsb bank safe?

PF, particularly to civil servants, makes up about 60% of MBSB Bank's financing portfolio. It is a safe segment for the bank — repayments are facilitated through an automatic monthly salary deduction system — unless the customer resigns or is laid off.May 21, 2019

Posted by chkhooju > 2020-07-16 09:42 | Report Abuse

Good123 is Victor Yong. From Gpacket, Victor is now promoting MBSB aggressively. I wonder how much is his entry price in the said counter. Victor, would you like to be transparent in this aspect?

Posted by Good123 > 2020-07-16 09:43 | Report Abuse

banking stocks like MBSB is fun, get others to work for you and pay you interest/profit

Posted by Good123 > 2020-07-16 11:04 | Report Abuse

Q2, 2020, QR next month. :)