Revenue continue to go up but earning come down drastically, where did the money go? Due to new issue shares? How about MIDF revenue and earnings? Something is not right here.
After NOSH adjustment, earnings reduce from 0.46 to 0.4...so indeed the earnings has drop like 70%, that would basically meant cost went up? Where the money goes? Although it is still profitable, which is good news when it didn't fall into negative territory but still the question remain as why cost is so high?
Operating expenses is 170.6 million and impairment allowance of 85.1 million drag down the profit...this is what I have been saying all along that the management is lousy, fattening themselves at lighting speed and working at snail pace.
Fundamentally the bank is fine, enter when the market is down is still ok I think, but it will always maintain underperform and can hardly go up unless the management overhaul itself. When market rise, it will raise with the tide but always behind the main movers. Not for speculator, weak holders and those trying to time the market cannot win on this counter.
chill guys , this QR report is upto 30th Sept only...new CEO taken over only in July or August and the synergy of MIDF into MBSB all will be reflected in the next few QR only...so just relax guys....earn more and topup in this sure shot counter...zero worries...let it drop and we keep accumulate...there will be one day where the price of 70 cents will be a miracle.
if you are short term trader want to make quick bucks , then MBSB is not for you...if you are smart , calm , long term trader who give importance to fundamental of a company , then MBSB is a gem
@gongxi, well said, MBSB is for long term, buy with cash. no need to bother up or down, only think about eventuality . how much you make after sell off. Very true, no cash better ....... hahaha.
I hold Bplant for few years, thank KLK created a sensational twist that help me to have my eventuality., ending to be the last to laugh, and walk in to MBSB bank with a special welcome offer. all because i sapu when it dropped to 26 sen during covid.. Waiting to sapu MBSB at 50 sen, knowing it may be just a crazy man dream.
good thing may come with a sampan. not a speedboat, let all the people talk cock and luck at you, when you make your fortune , they still no change., but talk more cock. hahaha
May fluctuate in a bad market but will rebound in the long run. Most banks were badly hit due to the pandemic and government social policies. Price swings are opportunities to accumulate, and so does disposing when it is overvalued. Yippy68
What is there to complain ? Bank counter below RM1 and with consistent DIV payout. EPF and PNB are substantial shareholders . I don't think they are in here not wanting DIV but just for fun?
The selling at the tail end of today's trading is insane, MBSB has been sold down on a up market week.... obliviously some big investors are saying enough is enough....not waiting anymore for miracles...tio boh?
MBSB has mislead some investors saying that after finalizing MIDF acquisition will declare a final dividend but did not fulfill its promises....this type of management can trust?
Many public listed company got lost and profit. We are as small investor hope bought profit company to get a bonus or dividend ( compare the profit ), is not hope profit company share price going down and going down. This situation something like cheating. Bursa Malaysia or government should control or set a regulation for this issue to protect us as small investor.this company is not say no profit but didn't give us benefit. I think this is not fair or hidden something wrong.
MBSB did not break and governing regulation of Bursa, so there nothing that the regulators can do to it's trading share price, but however the management is the one that can do something like giving some positive announcement or news to maintain or prop up the share price, but unfortunately after drawing big salary, no one care to do any investors relation business...sorry to say it but as I maintain, this is a useless management that does nothing for their investors.
This is what K securities company asked investors to sell until 0.630. Investors not heed their advice, i opine they themselves sell lah.. Ya, is correct goreng down and forced ppl to sell to them at lower price.
Kenanga has zero credibility in MBSB, on one hand they are pushing out and is selling call warrant at 88sen and on the other hand valuating MBSB at 63sen, contradicting themselves...those listening to K really has got to get their head checked.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DickyMe
14,415 posts
Posted by DickyMe > 2023-11-29 21:41 | Report Abuse
Kalau x der gomen support , PASTI MUFLIS!