Today, I parked to sell from RM2.28 to RM2.35. All levels of my offer for sale were taken up, except for RM2.35. What boggled me was the strength of buying support. There were certainly buyers of means snatching up the shares, with certain buyer buying 500,000 units valued at more than RM1 million at RM2.34 per purchase. My gut feeling is that there maybe some good news on the horizon for MBSB: significant improvement in profits or getting banking licence or both or just that the share was playing catching up after being a laggard. However, the latter did not jive with an overall weak market. If the price goes down significantly, we should consider buying back what we have sold today. I believe it makes sense to keep some MBSB shares until after the next quarter financial reporting expected in August. Best of luck to fellow investors.
The Board of Directors of Malaysia Building Society Berhad ("MBSB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has approved the Company's request for a suspension in the trading of the securities of the Company on the Main Market of Bursa Securities with effect from 9.00 a.m., 10 July 2014 to 5.00 p.m., 10 July 2014 pending the release of a material announcement.
according to the edge financialdaily - CIMB is exploring a three way merger with its rivals RHB and MBSB in a move to create the country's largest banking group by assets...
From The Star : “The deal is likely to be done at 1.75 times book value based on CIMB’s current valuation of almost 1.70 times book. It is unlikely to be transacted at anything less,” said a source.
friends, the RM2.55 calculated above is based on the quarterly results ended 31/3/14. The 2nd quarter 30/6/14 has just ended and the value would change. Aren't we expecting a higher value than RM2.55? Cheers!
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....
Sora
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Posted by Sora > 2014-07-09 16:12 | Report Abuse
Come on back to 3 pls