Posted by apanama > 2020-10-30 09:39 | Report Abuse

See you at RM 0.20sen...

Posted by apanama > 2020-10-30 09:39 | Report Abuse

what for buy MBSB above 50sen whereby CIMB can reach RM 1.80 to RM 2.00 later and Maybank RM 6...:)

Posted by davors > 2020-10-30 10:39 | Report Abuse

take consideration of the potential impact from MORATORIUM and OPR CUT

Posted by aliyusof > 2020-10-30 15:22 | Report Abuse

Cold Eye got seriously burnt in this counter. His buying price seems very high. Old hand also gwt caught because buy it when golden finger was known to be major shareholder. But CMY buy price was low and had exited, making some money. But Cold Eye made right choice of many stocks except this mbsb

Posted by Loh Kok Wai W > 2020-10-30 20:35 | Report Abuse

don;t believe or follow ....cold eye anymore.

Posted by ychong > 2020-10-31 20:17 | Report Abuse

seem no support, lowest and lowest further.

Posted by Maxigain > 2020-10-31 22:33 | Report Abuse

Don’t follow cold eye stock pick. His portfolio is disastrous, mbsb, salute, sapnrg, maybulk etc... still believe in cold eye?

Posted by Maxigain > 2020-10-31 22:37 | Report Abuse

Cold eye’s paper loss in mbsb at least RM15mil...his average should be ard .90.He bought loads of it at above rm1.10.

Posted by Maxigain > 2020-10-31 22:40 | Report Abuse

There will be another opr cut coming and likely some sort of moratorium for SME to be announced in Budget

Posted by Maxigain > 2020-10-31 22:44 | Report Abuse

Bank will have a lot of bad loans and defaulters going forward. It’s naive to think bank will make the most by collecting more interest after moratorium is over.

Posted by kasinathan > 2020-11-01 20:01 | Report Abuse

It's not what we believed cold eye that counts.

It is his proven 50 years long term record in bursa making us believed in him.... His portfolio in bursa alone worth more than 100 million ringgit. That's amazing judging from a ex working career man!

Posted by ivanlau > 2020-11-01 20:48 | Report Abuse

cold eye is not god , he is human and will make mistake as usual . NO matter how, I am still respect him as a stock sifu in Malaysia . He is far better than current FB sifu such as tanjung rambutan Wuchan ; Golden summit sochai chong and many many more.......

Posted by apanama > 2020-11-02 11:43 | Report Abuse

See you at 20sen..why buy MBSB at 40sen and above while you can buy RM 2 for CIMB and RM 4.40 for Maybank...

Posted by ykloh > 2020-11-02 16:06 | Report Abuse

Instead of DRP, MBSB should have a share buy back plan.

Posted by kasinathan > 2020-11-03 13:05 | Report Abuse

0.20 cents???

Waiting for the year 2120...

Posted by kasinathan > 2020-11-03 13:05 | Report Abuse

46 cents is more realistic

Posted by RedEagle > 2020-11-03 21:10 | Report Abuse

AFTER two consecutive quarters of losses, Malaysia Building Society Bhd (MBSB) anticipates returning to the black in the third quarter of this year.

President and CEO Datuk Seri Ahmad Zaini Othman says MBSB expects to post a profit in the third quarter of the year ending Dec 31, 2020 (3QFY2020), for two main reasons — one, there will not be any modification loss in that quarter and, two, he expects the bank’s net operating income to be sustained as per the level of the second quarter.

“We also expect that gains from the sale of financial instruments will continue to contribute to the group’s total income,” he says in response to questions from The Edge.

The banking group, which is 65.4%-owned by the Employees Provident Fund (EPF), saw net profit rise to a five-year high of RM716.9 million in FY2019 before its fortunes turned this year, mainly because of the Covid-19 pandemic.

In 1QFY2020, the lender posted a net loss of RM73.25 million compared with a net profit of RM83.83 million in the same period a year earlier, due to higher impairment charges on loans, financing and advances. This was despite revenue rising 1.9% year on year to RM741.41 million.

Its net allowance for impairment charges almost doubled to RM291.78 million from RM153.02 million. This stemmed mainly from “property and construction financing, on the corporate side”, according to Ahmad Zaini.

And, in 2QFY2020, it made a net loss of RM121.51 million due to a hefty, one-off modification loss of RM512.61 million that arose because of the blanket loan repayment moratorium granted to customers. This was despite a 17% improvement in revenue to RM886.35 million.

Had it not been for the modification loss, the group would have been in a position of profit. The modification loss was hefty — by far the largest among the listed banking groups — due to its sizeable financing portfolio contracted at fixed-rate financing. In fact, 92% of the loss came from its fixed-rate personal financing business, which is its largest financing segment.

Going forward, Ahmad Zaini does not expect a marked rise in non-performing loans (NPLs) or provisions in 3QFY2020 as customers continued to come under the blanket moratorium until end-September, hence the status of the loans remained as “performing”.

These are not expected to rise significantly in 4QFY2020 either, he says. “We don’t think so, as our personal financing [repayments] are via a salary-deduction scheme. Maybe [some] in home loans, but that would be small.”

As at end-September, the take-up rate among customers for targeted assistance on financing is “not significant”, he says, without providing numbers.

In late August, MBSB had guided analysts that there would potentially be an additional RM30 million to RM50 million modification loss given that the moratorium would be extended beyond September for selected accounts that needed further assistance. Ahmad Zaini now says this will likely come in much lower as applications for such assistance has been lower than expected.

Asked if the worst is behind the group, Ahmad Zaini says it all depends on how long the current third wave of the coronavirus pandemic and the ensuing partial lockdowns last.

“If at all, [the stress] is going to be on the corporate property financing side. We need to see how property sales are, moving forward. If the developers have trouble selling their properties, that could be a problem for us. [The impact of] that will probably be reflected in our second quarter of next year … because banks can still continue to provide R&R (restructuring and rescheduling of loan repayments) to troubled SMEs (small and medium enterprises) and corporates, without having to categorise them as non-performing, until June next year,” he says.

As at end-June, MBSB’s gross impaired loan (GIL) ratio stood at 6.08%, while that of its banking unit MBSB Bank stood at 3.28%. “We expect GIL to improve by year-end, with our collection efforts,” Ahmad Zaini says.

CEO’s last term
According to sources, these are expected to be Ahmad Zaini’s final months as MBSB president and CEO, as he will be leaving once his current two-year contract comes to an end in February next year. He, however, declines to comment when asked about it.

Sources say that MBSB’s long-time chairman, Tan Sri Abdul Halim Ali, 77, will also be leaving upon the end of his term in February next year. Abdul Halim has been chairman since June 2001.

Ahmad Zaini, 63, has been in the lender’s driving seat for over 11 years. He was appointed to the role on Feb 26, 2009.

In early 2018, MBSB created deputy CEO roles for the purpose of succession planning. It appointed Datuk Nor Azam M Taib as deputy CEO of business and Risham Akashah Kamaruzaman as deputy CEO of operations.

It remains to be seen if one of them will eventually take on the CEO role as the EPF, the bank’s controlling shareholder, could also consider an external appointment.

Posted by chkhooju > 2020-11-05 08:08 | Report Abuse

It's not for you to say. Mr. Market always makes the best decision.

Posted by Snowpiercer > 2020-11-06 12:34 | Report Abuse

This counter is RM1 in the next 18 months. But not for contra.

Posted by Maxigain > 2020-11-06 22:02 | Report Abuse

Good gor banking stocks next week. No moratorium mentioned in Budget. Exemption of stamp duty for first time buyer for property below 500k will boost loan growth for banks.

Posted by Bullbursa > 2020-11-06 22:17 | Report Abuse

Based on current px with 3cents dividend, u get almost 6% yield.if things normalized next year with 5cents dividend, u will get almost 10% yield. You will probably make good return on capital gain as well. Downside on this stock is limited but upside is unlimited. Think about it..good chance to make huge profit...yet u buy a lot cheaper than Cold Eye....

Posted by Superbull88 > 2020-11-06 22:39 | Report Abuse

December window dressing by Local fund manger take place ,banking stock will push , no foreign fund play n selling ,local fund will push Bank stock close higher year end , abang jalan ,anak will follow , Maybank , public bank first push up , mbsb will follow , TP = 75 sen , this year end

Posted by Superbull88 > 2020-11-08 10:00 | Report Abuse

US President Biden win , trade war tension become less n less ,benefit Asia Market , foreign Fund will back to Asia , bank stock all at lower price , foreign fund will first buy in Bank stock , MBSB TP = 90 Sen by End Jan , 2021

Posted by sense maker > 2020-11-09 09:34 | Report Abuse

It all boils down to asset quality. If mbsb previously extended too much political and uncommercial loan, non-performing loan will continue to wipe off its previous earnings for many quarters to come if biz climate remains challenging in Msia.

Posted by Bullbursa > 2020-11-09 21:39 | Report Abuse

Market gonna fly tomorrow except PPE stocks...

Posted by CSOON 77 > 2020-11-10 14:58 | Report Abuse

MBSB LIMIT UP

Posted by spchia > 2020-11-10 22:27 | Report Abuse

Is time for Financial industry up

Posted by jwyap > 2020-11-10 23:41 | Report Abuse

Last call , seen that KWSP will push it up to rm 1

Posted by Jeffreyteck > 2020-11-11 07:44 | Report Abuse

Looks like many can't wait to let go.

Posted by kl_guy > 2020-11-12 10:17 | Report Abuse

wow mbsb someone collecting,

Posted by kl_guy > 2020-11-12 12:24 | Report Abuse

mbsb-c30 sapu 800k at 0.02 . must be very bullish.

Posted by Vanbasten > 2020-11-12 12:37 | Report Abuse

Hehehe since 1.5 sen lah

Posted by Vanbasten > 2020-11-12 12:37 | Report Abuse

RM 300k

Posted by TokMegat > 2020-11-12 13:02 | Report Abuse

Buy c30 20k only,,target 500%

Posted by brutusbeefcake > 2020-11-13 00:02 | Report Abuse

someone is really collecting. especiall mbsb c30

Posted by flyingtomoon2020 > 2020-11-13 03:54 | Report Abuse

Mbsb gogogo

Posted by flyingtomoon2020 > 2020-11-13 03:54 |

Post removed.Why?

Posted by kl_guy > 2020-11-13 10:43 | Report Abuse

today mbsb-c30 sapu 4million share at 2.5sen. buyer must be very bullish.

Posted by Superbull88 > 2020-11-13 15:04 | Report Abuse

, MBSB -C31 at 2 sen , grab now , when MBSB at year end 73 sen , MBSB -C31 will be 15 sen , 600 percent profit gain , Skim Cepat Kaya will make u cepat kaya ,syok

Posted by Superbull88 > 2020-11-13 15:07 | Report Abuse

Ikan bilis , skim cepat kaya = MBSB -C31 will make u cepat kaya ,all in , hold 1 n half month will make u cepat kaya

Posted by Allbullbutglove > 2020-11-14 08:46 | Report Abuse

Careful pullback coming

Posted by Superbull88 > 2020-11-14 11:12 | Report Abuse

Weekly chart just touch bolinger middle band - bullish , daily chart - above 10 ,20 Sma ,short term bullish , Trend at bolinger upper band , MACD histogram - bullish , ; Buy signal appear , next week should be changllege 60 sen first resistance

Ikan bilis all = MBSB - C31 at. 2 sen , once MBSB at 60 sen next week , C31 will be 6 sen , 200 percent profit gain , skim cepat kaya come again ....syok.....

Posted by Vanbasten > 2020-11-14 12:59 | Report Abuse

Ya reversal will happen....be careful

Posted by Allbullbutglove > 2020-11-14 13:32 | Report Abuse

Ya op result out next week. Will be a catalyst after that up or down

Posted by myuptownboy > 2020-11-16 15:25 | Report Abuse

big recover is expected

Posted by drkervokian > 2020-11-16 15:48 | Report Abuse

wow.Superbull88 is psychic!

Posted by addison25 > 2020-11-16 16:11 | Report Abuse

Bought some to keep

Posted by GorengHealthcare > 2020-11-16 16:28 | Report Abuse

MBSB accumulate a bit

Posted by Adam Lim > 2020-11-16 16:32 | Report Abuse

among all the structure warrant, which one is still worth to go in C30 or C31?

Posted by Yippy68 > 2020-11-16 17:09 | Report Abuse

coldeye may be right. salute him.