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
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
definitely there going to be dividend announced...last year profit after tax 460 million also give 8.5 sen , this year profit 490million plus , sure will give at least 8 sen
but this year got extra 1billion plus share due to PNB , so the cake has to be cut more portions this year...so if proportionate the profit against the increased number of shares , get 8 sen is consider good enough..but it may be between 5-8 sen maybe
Foreign investors continued to sell down Bursa Msia, fundamentally Bursa Msia should be able to absorb the current selling by some institutional buying, but if confident were shaken, retailers join in the movement, you could see FTSE Bursa correcting down to 1500 level. And like I say, others world major market is behaving very erratically, better watch on the side line, my humble advice.
Those who think it looks familiar it is actually not an illusion as most of us have seen it before and that time our number one man said nothing to worry about and the number two man also said no worry as Malaysia is different from Thailand or South Korea but when George Soros hit the panic button most of the Asian Dragons crashed like paper tiger and to add salt to the wound the number one man was fighting with number two man that time and this time the same history still repeated itself so those foreign hedge funds must be amazed by the fighting spirit of our senior ministers 😁
The world is in a chaotic situation and some of it are relating to the middle east religious and racial issues, and Malaysia lately has many issues stirring up due to religious and racial issues too and this does not bodes well with investors, there is no advantage to invest in Malaysia since the economy is in a murky situation and Investors will stay away. Stay vigilant
Time Cycle Analysis: MBSB NTA 1.19 MYR, above 0.7 MYR is bullish, below 0.7 MYR is bearish. Key dates to watch are 10 May 2024 (0.71 MYR) and 22 Oct 2024 (0.77 MYR).
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....
Bursino
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Posted by Bursino > 2024-03-18 16:07 | Report Abuse
Do these companies pay zakat, in addition to corporate taxes?