Posted by Cockcroach > 2024-06-06 19:22 | Report Abuse

KUALA LUMPUR (June 6): Malaysia Building Society Bhd (MBSB), the holding company of Malaysia’s second-largest standalone Islamic bank by assets, has launched a three-year business plan on Thursday aimed at boosting profitability, as it seeks to expand its financing portfolio to RM50 billion and raise current account savings accounts (CASA) ratio to 20%.

The plan, dubbed Flight26, has four key missions, as stated by MBSB group chief executive officer Rafe Haneef in a statement following its 54th annual general meeting (AGM). The plan includes two other goals: to increase non-funded income to 15% of net revenue and achieve an optimal cost-to-income ratio of 50% by 2026.

“To realise these goals, Flight26 is supported by TP30, comprising 30 transformation programmes. These include 12 programmes in wholesale banking, six in commercial banking, nine in consumer banking and three in digital banking,” Rafe said, adding that these initiatives are expected to substantially improve the group's return on equity.

More to come.

Posted by M55555 > 2024-06-06 22:18 | Report Abuse

https://www.nst.com.my/business/corporate/2024/06/1060201/mbsb-sets-financing-portfolio-growth-target-rm44b-year-group-ceo

At the 54th AGM, which was chaired by MBSB chairman Datuk Wan Kamaruzaman Wan Ahmad, the company approved a dividend of 3.5 sen per ordinary share.

Meanwhile, shareholders passed all resolutions during the AGM, including a significant proposal to rename the company from Malaysia Building Society Bhd to MBSB Bhd.

Posted by reez_taker > 2024-06-07 01:36 | Report Abuse

So who will get this dividend of 3.5 sen?

Posted by Bulat > 2024-06-07 09:25 | Report Abuse

Nobody interesting 3.5

Posted by 641003025255 > 2024-06-07 09:37 | Report Abuse

Bulat

Nobody interesting 3.5 (They shouldn't be bother this counter)

Posted by ShareFortuneTeller > 2024-06-07 10:14 | Report Abuse

Funny question who will get the dividends ? Of course lah, dividends to shareholders. Those who bought the shares are considered shareholders.

Posted by Bulat > 2024-06-07 11:02 | Report Abuse

Just use the hand write 10 cents div only ma. Is not call you use company money to pay for div. Ha ha ha

Posted by cchoe888 > 2024-06-07 11:05 | Report Abuse

when is the dividend ex date and payment date? 3.5cents

Posted by M55555 > 2024-06-07 17:26 | Report Abuse

Ex-date 21st JUNE

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3454484

Posted by M55555 > 2024-06-07 17:27 | Report Abuse

DIV payment date 4th JUL

Posted by reez_taker > 2024-06-07 20:03 | Report Abuse

So if i sell my shares now, will i get dividend or not? Sorry. I am newbie in this dividen thingy. Read about book closure and ex date make me confuse. I have it since may.

Posted by EngineeringProfit > 2024-06-07 21:15 | Report Abuse

No, must keep until ex-date. Can sell on ex-date

Posted by MohamedAqil > 2024-06-07 21:17 | Report Abuse

bagus, boleh terima dividen awal bulan depan

Posted by Ron90 > 2024-06-09 00:33 | Report Abuse

this bank PE still high about 15, where else for other major banks mostly about 8.5 - 12. At current price 88 cents pun they supposed to generate profit 200m each QR, far from just 78m. My simple calculation ler..

Posted by speakup > 2024-06-09 09:08 | Report Abuse

ron90 u have to look beyond a few month or 1 year

Posted by M55555 > 2024-06-10 09:57 | Report Abuse

When RM0.50++ , complaint PE high, 0.60++ PE high, 0.70++ still PE high, 0.80++ PE high, 0.90++ PE still high. and it goes on and on . hahhhahaahahaaaa

Posted by hong > 2024-06-10 11:50 | Report Abuse

MBSB net profit 491 mil ,market cap 7.4bil
Affin net profit 402 mil ,market cap 5.7bil
Aeoncr (Aeon Bank) net profit 424 mil , market cap 3.78 bil

Posted by TheContrarian > 2024-06-10 11:54 | Report Abuse

Aeon isn't a bank.

Posted by prince4 > 2024-06-10 11:57 | Report Abuse

based on warren buffet theory affin and aeoncr undervalue

Posted by yongmin > 2024-06-10 12:14 | Report Abuse

Malaysia Building Society Bhd (MBSB) has received shareholder approval for its proposed acquisition of Asian Finance Bank Bhd (AFB), which will enable it to become a full-fledged bank with an Islamic banking licence.
Its president and CEO Datuk Seri Ahmad Zaini Othman said the non-bank lender will be launching its new brand after completing .After a successful acquisition by the Malaysia Building Society Berhad (MBSB), the Asian Finance Bank (AFB) has now officially been rebranded as MBSB Bank Berhad, positioning itself as an Islamic bank.

Posted by yongmin > 2024-06-10 12:17 | Report Abuse

TheContrarian bro...MBSB past also not bank after acquisition AFB Islamic banking licence after that rebranded as MBSB Bank Berhad

Posted by M55555 > 2024-06-10 12:30 | Report Abuse

Some stocks are more expensive and higher PE compare to other similar biz, because of it grow potential and future value. Depend on individual taste. Some hunt for grow and some hunt for undervalue . You cannot have both high potential grow and undervalue because for this kind of stock ( high grow potential and undervalue = retailer tarak chance collect cheap

Posted by Joe > 2024-06-10 14:28 | Report Abuse

I believe Public Bank will be a better choice....will declare higher devident...the price is low.

Posted by vijay99 > 2024-06-11 15:35 | Report Abuse

90cents are the New normal price for MBSB now..next would be 1.20 considered a bargain

Posted by speakup > 2024-06-11 21:00 | Report Abuse

@Joe, i buy cimb at 3.80, ambank at 2.70. mbsb is undervalued

Posted by Bulat > 2024-06-12 10:42 | Report Abuse

Movie taizi

Posted by bowman > 2024-06-12 15:37 | Report Abuse

Dividend 3.5sen, meaning RM35 per 1000 shares. Which counter gives that kind of dividend and capital appreciation? It's simple math.

Posted by bowman > 2024-06-12 15:38 | Report Abuse

@Joe I believe Public Bank will be a better choice....will declare higher devident...the price is low.

Public Bank dividend is okay only, not any higher. MBSB payout was 10% last year.

Posted by huathuat83 > 2024-06-13 11:42 | Report Abuse

if u bought at price Rm0.8, with the dividend 3.5cents, = 4.375% dividend

Posted by huathuat83 > 2024-06-13 11:44 | Report Abuse

if u bought at price Rm0.9, with the dividend 3.5cents, = 3.88% dividend

Posted by huathuat83 > 2024-06-13 11:45 | Report Abuse

higher than FD

Posted by Bursino > 2024-06-13 15:00 | Report Abuse

There's a shimmer in your eyes
Like the feelin' of a thousand butterflies
Please don't talk, go on, play
And let me float away
Tread lightly on my ground
Oh please, don't let me down

Posted by vijay99 > 2024-06-13 15:03 | Report Abuse

slowly towards the magical RM1

Posted by Bursino > 2024-06-13 16:48 | Report Abuse

Take it easy with me, please
Touch me gently like a summer evening breeze
Take your time, make it slow
Just let the MONEY grow

Posted by Cockcroach > 2024-06-13 17:48 | Report Abuse

Its a multi bagger. Not selling since 0.60. To me, keep forever

Posted by speakup > 2024-06-13 19:24 | Report Abuse

I entered 70¢. Still holding

Posted by HugoUPUPUP > 2024-06-14 00:52 | Report Abuse

@Yippy68 Change whatever name lah, I want the stock grow or fly only.😁

Posted by speakup > 2024-06-14 07:43 | Report Abuse

mbsb at 91sen now is undervalued like cimb at 3.80

Posted by MohamedAqil > 2024-06-14 09:37 | Report Abuse

Perlahan-lahan bertolak ke RM1 MBSB ni

Posted by M55555 > 2024-06-14 16:44 | Report Abuse

Continue to climb next week

Posted by 641003025255 > 2024-06-15 07:29 | Report Abuse

The price MBSB slowly moving up. But Kenanga IB still dreaming TP 0.59?

Posted by M55555 > 2024-06-15 11:02 | Report Abuse

Kenanga punya call warrant MBSB-C59 ( high price , but still not higher than market price expiring end July , so the lower the price the better. BUT no problem if price drop to 0.59.. then everyone got chance to collect . If collect 0.59 , return from DIV will be 6 to 10% or more at least in future . Very good.

Posted by Bulat > 2024-06-15 13:50 | Report Abuse

Hm, sns good fried. Next fry mbsb.

Posted by speakup > 2024-06-17 22:12 | Report Abuse

RM1 mali

Posted by 1288Go > 2024-06-18 13:10 | Report Abuse

So slow even to 1mr?
Why arh?

Posted by speakup > 2024-06-18 13:22 | Report Abuse

Speakup buy cimb at 3.80 last time. Mbsb 91sen is like cimb at 3.80, memang undervalued

Posted by Bulat > 2024-06-18 14:12 | Report Abuse

Tomorrow 1.50

Posted by Bulat > 2024-06-19 10:05 | Report Abuse

Besok rm 2.00

Posted by 1288Go > 2024-06-19 14:32 | Report Abuse

Ok Speak up..
Jolly good man..my 3lots x100 shares.
😆😂

Posted by 1288Go > 2024-06-19 14:34 | Report Abuse

Wah 2.00 besuk.. tomorrow..
Nxnti I top up another 2x100 saham mbsb..hehe.
Waah fart tart man 😁