KLSE (MYR): MBSB (1171)
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Last Price
0.74
Today's Change
0.00 (0.00%)
Day's Change
0.735 - 0.745
Trading Volume
4,296,000
2024-12-27
2024-12-24
2024-12-23
2024-12-20
2024-12-18
2024-12-17
Dehcomic01
351 posts
Posted by Dehcomic01 > 2024-03-20 07:36 | Report Abuse
Before becoming an Islamic banking group in 2017, MBSB was mainly a property financier. This changed with the acquisition of Asian Finance Bank in 2017 as this propelled MBSB into Malaysia’s second-largest standalone Islamic Bank.
But as can be seen from the return charts, this also resulted in reducing its returns from both the ROE and ROA perspective.
https://i.postimg.cc/7PJKkHq1/Chart-2.png
Of course this was the combination of lower bottom line with more assets and equity. The point is that if you were a shareholder prior to the transformation, you got lower returns. This is not exactly exciting news. https://www.youtube.com/watch?v=oSrMmIKXv50