Posted by Good123 > 2020-09-24 11:00 | Report Abuse

MBSB Bank Berhad, a full-fledged Islamic Bank was incorporated on 28 November 2005 is a wholly owned subsidiary of Malaysia Building Society Berhad. ... AFB undertook a rebranding exercise and on 2 April 2018 it changed its name to MBSB Bank Berhad.

Posted by Good123 > 2020-09-24 11:01 | Report Abuse

few months later, jadi. MBSB to become Islamic banking counter within 2 years - The ...

12 Jun 2019 · “We have converted more than 85 % of our assets into Islamic assets. The remaining, worth about RM1 billion, could not be converted .

Posted by Good123 > 2020-09-24 11:05 | Report Abuse

good to accumulate, next year jadi Islamic counter, boleh Jual kepada Dana middle East :)

Posted by Good123 > 2020-09-24 11:37 | Report Abuse



KUALA LUMPUR: Bursa Malaysia was seen extending its rebound on Tuesday as financial heavyweights rose on positive sentiment over China's factory data and progress in the development of a Covid-19 vaccine.

At 12.30pm, the FBM KLCI was up 6.45 points to 1,517.81.

While glove makers were mostly submerged on optimism over the vaccine, Hartalega advanced, rising RM1.08 to RM14.08 to lead the index higher.

Meanwhile, Maybank gained eight sen to RM7.36, Public Bank rose 14 sen to RM16.18, Hong Leong Bank climbed six sen to RM14.86 and CIMB added four sen to RM3.19.

In actively traded stocks, Parkson held on to its gains from the previous session and tacked on an additional one sen to 20 sen.

Hiap Teck gained 2.5 sen to 25 sen and Anzo jumped 4.5 sen to 13.5 sen.

With 5.85 billion shares exchanging hands valued at RM3.42bil, investors remained active on the domestic market.

According to Malacca Securities Research, the FBM KLCI remained upbeat with investors seeking higher yields on the equities markets.

"Meanwhile, the robust trading sentiment will continue to see rotational play on the table over the near term.

"However, we also bouts of quick profit-taking activities ahead of the mid-week break," it said.

On the technical charts, the research house expects the short-term upward bias to continue to take shape.

As at the lunch break, the key index had crossed Malacca Securities' immediate resistance of 1,515 and was looking towards the next resistance of 1,555.

On the regional front, China's key index was up 0.3%, buoyed by positive August industrial production data. Hong Kong's Hang Seng was up 0.5%.

Japan's Nikkei however was down 0.5%.

Posted by Good123 > 2020-09-24 11:37 | Report Abuse

recovery after current storm :)

Posted by Good123 > 2020-09-24 14:25 | Report Abuse

mbsb will be included in shariah funds/unit trusts few months later.full fledged Islamic bank counter in 2021

Posted by Good123 > 2020-09-25 08:30 | Report Abuse

53sen up lagi ? :)

Posted by Victor Yong > 2020-09-25 08:32 | Report Abuse

Investment Highlights
We maintain our BUY call on Malaysia Building Society (MBSB) a revised fair value (FV) of RM0.78/share from RM0.62/share. Our revised FV is based on a higher ROE of 7.2% for FY21, pegging the stock to a P/BV of 0.6x (previously: 0.5x). We raise our FY20/21/22 earnings by 22.6%/23.1%/9.4% to reflect lower funding cost and higher non-interest income (NOII). The stock is trading at a cheap valuation of 0.4x P/BV with the potential for the group to further monetize gains on its financial investments due to the decline in MGS yields.
The group reported an underlying net profit of RM500mil (>100% QoQ) in 2Q20 after stripping out the modification loss of RM513mil which was due to the loan moratorium. RM471.4mil or 91.9% of the total modification loss was contributed by the waiver of interest payments on fixed rate personal financing for the 6-month moratorium (AprSept 2020). Moving into 4Q20, modification loss will be significantly smaller than in 2Q20 circa RM25–50mil. This is in view of the moratorium extension for another 3 months (Oct–Dec 2020) that is only be for the unemployed.
2Q20 core earnings improved on the back of lower funding cost with a decline in total deposits due to withdrawals, shortened tenure of deposits and the lower outstanding balances on sukuk murabahah.
6MFY20 net profit margin (NPM) expanded by 27bps YoY to 3.11% with the reduction in cost of funds. 2Q20 saw its funding cost falling by 70bps to 3.06%. With the consecutive OPR cuts, MBSB has advantage compared to its peers with its 52.3% financing in fixed rate. This has also helped to widen its profit margin in a declining interest rate environment. Management is now guiding for a profit margin of 3.0% vs. 2.5–2.6% previously.
In 2Q20, the group recorded higher gains from sale of FVOCI securities of RM107.5mil, coupled with a net writeback in allowances for loan losses of RM54mil.
For 6MFY20, the group delivered core earnings of RM427mil (124.6% YoY), underpinned by higher total income. Total income grew 27.2% YoY to RM892mil attributed to higher Islamic banking and NOII.
Normalized earnings for 6MFY20 were above expectation, making up 102.0% and 100.0% of our and consensus FY20 net profit estimates respectively.
Source: AmInvest Research - 27 Aug 2020

Posted by Jeffreyteck > 2020-09-25 14:01 | Report Abuse

Revise TP to $0.40 amid potential 3rd consecutive losses and worst performer in the industry. Unless plan to merger, no hope and don't hope.

Posted by kasinathan > 2020-09-29 19:50 | Report Abuse

Cold eye disposing his stake in Mbsb.

Posted by kasinathan > 2020-09-29 19:51 | Report Abuse

Anyone can confirm?

Posted by Maxigain > 2020-09-30 08:10 | Report Abuse

Cold eye top up another 10mil shares

Posted by Maxigain > 2020-09-30 08:11 | Report Abuse

Rashid Hussein also rumored to be eyeing mbsb stakes

Posted by kasinathan > 2020-09-30 11:16 | Report Abuse

Cold eye top up another 10kk share was in May but my stock broker told me he disposing his stake started on this Monday.

Posted by kasinathan > 2020-09-30 11:17 | Report Abuse

NPL is expected to hit record high in the next quarter result announcement. Close to 4%

Posted by kasinathan > 2020-09-30 11:17 | Report Abuse

Big big loss

Posted by kasinathan > 2020-09-30 11:18 | Report Abuse

To retest 0.46 cents soon

Posted by kasinathan > 2020-09-30 11:19 | Report Abuse

Perhaps, could find support at 40 cents in short-term

Posted by Maxigain > 2020-09-30 16:31 | Report Abuse

Cold eye became no eye see

Posted by Maxigain > 2020-09-30 16:32 | Report Abuse

If cold eye selling at this level means he Fxxed up in his investment...bought at the high sold at almost the low...estimated losses rm20 over millions

Posted by Maxigain > 2020-09-30 16:34 | Report Abuse

In fact he portfolio is disastrous. Look at his sapura..Maybulk salute..no eye see

Posted by Maxigain > 2020-09-30 16:36 | Report Abuse

Follow KYY better

Posted by moneycome123456 > 2020-10-01 08:22 | Report Abuse

Every counter price go down must have many negative comments. Just believe yourself.

Posted by Fattchai > 2020-10-01 09:30 | Report Abuse

@moneycome123456 yes believe yourself, i believe this counter will going up soon

Posted by apanama > 2020-10-03 10:45 | Report Abuse

Last time i enter at 54sen..then i takr profit at 68sen..now i advise you guys dont rush to buy.. 40sen or even lower is coming for MBSB.. because if CIMB can buy at 2.70 n lower.. Why must u buy MBSB above 50sen..dont rush.. Market will come down before US ELECTION..

Posted by Vinshing > 2020-10-05 11:38 | Report Abuse

Mbsb unable to give value to shareholders especially those already hold few years ago and .accept share reinvestment scheme . business not growing well

Posted by Raul > 2020-10-05 12:52 | Report Abuse

The best way is to revamp and replace the incompetent senior management

Posted by Jeffreyteck > 2020-10-11 18:37 | Report Abuse

Sabar, sabar, only loss two quarters. Leading all banks in terms of losses. Sabar sabar.

Posted by kasinathan > 2020-10-12 11:58 | Report Abuse

Expected another Rm300 million impairment to be provided in Qtr 3. Glcs always didn't perform in bad economy condition.

Posted by kasinathan > 2020-10-12 11:59 | Report Abuse

Hopeless stock

Posted by kasinathan > 2020-10-12 12:00 | Report Abuse

To retest the year low supporting price level

Posted by rijack88 > 2020-10-13 17:03 | Report Abuse

cap ayam stock

Posted by aliyusof > 2020-10-16 06:04 | Report Abuse

Cold Eye lost his pants in MBSB. Useless CEO. What to expect, he from previous lousy Perwaja, now a iquidated company, delisted from Bursa

Posted by kasinathan > 2020-10-16 17:04 | Report Abuse

Cold eye had increased again his stake to 60Kk share in the past 2 weeks according to his macai.

Something is brewing on MBSB?

Posted by carefulpeeps > 2020-10-19 09:21 | Report Abuse

Lim Tian Huat, the senior independent director of mbsb is under MACC investigation for corruption. Corrupt director indeed!

Posted by firehawk > 2020-10-21 00:01 | Report Abuse

lowest 46sen! now 50sen ....

Posted by 陈国荣 > 2020-10-21 14:19 | Report Abuse

Hold this stock from 2018 Sep, sold couple weeks ago. Average cost 0.905. Don't know why this company share price keep down. Make money in past few years.

Posted by yongch > 2020-10-21 18:45 | Report Abuse

Waiting for $0.10-0.05...good to BUY!!!

Posted by kasinathan > 2020-10-22 07:29 | Report Abuse

Value is appeared to be very attractive at 0.50 with Dividend yield at 6% and Net tangible asset (Rm1. 28) discounted rate at 60%.

This is to say you pay 40% to the NTA only and expected to get 6% dividend.

The ten years cycle of bear market had provided such wonderful opportunity for the value investor to accumulate MBSB.

Of course this share is not suitable for short term speculators

Posted by kasinathan > 2020-10-22 07:45 | Report Abuse

Accumulate now and awaiting for the earning recovery which is expected on second half of 2021.

In the meantime, EPF and other institutional investors would be provided a strong support to the price stability. Thus, the downside risk is rather limited at the current price ranges.

As for the upside potential, MBSB would offer 100% of capital gain when the price is expected to hit a ringgit level in tandem with the earning recovery and conversion into a full fledge of Islamic banking on next year!

Beautiful and wonderful!

Posted by kasinathan > 2020-10-22 07:46 | Report Abuse

Now, I could understand why cold eye keeps buying....

Posted by kasinathan > 2020-10-23 08:55 | Report Abuse

0.60 is coming

Posted by jonathanchee > 2020-10-23 15:13 | Report Abuse

prediction next Friday 0.44

Posted by ITreeinvestor > 2020-10-24 07:57 | Report Abuse

@kasinathan ,what other stock coldeye bought in recently?

Posted by Jeffreyteck > 2020-10-25 16:36 | Report Abuse

Q3Q4 is expected to be very bad yoy as last year is too good. TP 0.40.

Posted by davors > 2020-10-26 16:47 | Report Abuse

i am thinking will budget2020 revive moratorium? and the impact on bank/finance sector...

Posted by InvestorJ > 2020-10-26 17:20 | Report Abuse

https://www.klsescreener.com/v2/news/view/744953/mbsb-to-return-to-profit-in-3q-ahead-of-potential-leadership-changes

Posted by maximus . > 2020-10-27 08:25 | Report Abuse

just curios..actually when moratorium apply...borrowers actually are paying more for the interest, so bank are the one who earn this......

Posted by Li Li > 2020-10-29 01:05 | Report Abuse

yea, tat why just pay if financial stable ... interest masih jalan

Posted by CSOON 77 > 2020-10-29 20:20 | Report Abuse

What is the support price for this MBSB ?