so the synergy between mbsb and midf will start bearing the fruit tis quarter onwards , good days ahead....and who knows , mbsb-midf might combine with upcoming muamalat bank as well to rival BIMB as biggest standalone islamic banking...if that happens price will easily goes pass RM2
Following the completion of acquisition of MIDF Group on 2 October 2023, the Group consolidated
MIDF Group’s results in 4Q23, and recording a one-off gain from the acquisition amounting to RM354
mil. This gain significantly contributed to the quarter’s net income of RM560 mil.
net income for banks are income from lending less deposits.. operating exp is staff cost ect.. then only u have profit..in this case without other income its a loss.
If can cross 82 sen, sell at the speculative price, and collect at all lows? Kenanga analysis of last quarter MBSB’s FY23 core net profit (-70%) missed expectations as it continued to be strained by poor interest margin mix, leading also to several missed earnings targets. With the completion of MIDF, the group is due to extract synergies in the long term but near-term outlook may remain cloudy until it can optimise its portfolios. We slash our FY24F earnings by 32% and lower our GGM-derived PBV TP to RM0.59 (from RM0.63). Maintain UNDERPERFORM.
When the div. Coming soon. You said 5 cents or 8 cents enough or 13cents, or 20 cents, somebody will be make angry. When no div, you make angry and disappointed too.
The research house said that if a breakout above the 78 sen immediate resistance happens, the counter should trend upwards and head for the 82 sen resistance, followed by the 90 sen mark.
Meanwhile, falling below the 75 sen immediate support will nullify the bullish setup
if a breakout above the 78 sen immediate resistance happens, the counter should trend upwards and head for the 82 sen resistance, followed by the 90 sen mark.
Meanwhile, falling below the 75 sen immediate support will nullify the bullish setup
MBSB has in place a dividend policy ,as long as there is profit then dividend will be paid. Just got to wait . Longest wait was in 2022 (when pay out only made in 2023) . Go google and you will know how much the dividend policy minimum paid out is.
What would be the actions that will be taken to increase the share price of MBSB post-merger, and what will be thedividend payout ratio policy will be undertaken by MBSB?
ANSWER: Our share price is expected to improve as our financial performance improves, subject to market forces and sentiments. MBSB has in place a dividend policy to pay a minimum 30% dividend on profit after tax
No plan to list MBSB Bank Continue berangan ZZzzz Kikiki
QUESTION 1 1. Post-completion of the Proposed Acquisition, MIDF will become a wholly-owned subsidiary of MBSB. 1(a) Moving forward, does MBSB plan to fully integrate MIDF (the entity and/or its businesses) into MBSB Bank to further streamline the organisation structure and operations? After completing this Acquisition, will MBSB resume the earlier plan of turning MBSB Bank into a holding company and a listed entity? ANSWER: Post-completion of the Proposed Acquisition, the enlarged Group comprising MBSB Bank and MIDF will be working together as one team with one common aim to grow the business of the Group. There are presently no immediate plans to amalgamate the assets, liabilities and businesses of MBSB Bank and MIDF Group as a result of the Proposed Acquisition. At this juncture, there are no plans to turn MBSB Bank into the holding company and a listed entity.
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....
Bulat
575 posts
Posted by Bulat > 2024-02-26 13:42 | Report Abuse
What you want to raise our here