Posted by shlyw > 2014-07-15 16:57 | Report Abuse

http://www.nanyang.com/node/635121?tid=462

Posted by Muhamad Yazdi > 2014-07-15 17:08 | Report Abuse

invincible28, I hope you are not too far out of the money. Based on past past records the banks getting acquired did get good valuation in Malaysia. OSK is one recent example. I dare not put a price this being a public forum and all but I am sure EPF would want to extract maximum from the take over and you can see from the consideration price later. All the best.

Posted by alexisvics > 2014-07-15 18:03 | Report Abuse

马银行投行表示，规模壮大后的马建屋，2014财年的投资回酬（ROE）为11%，价格对账面价值范围在1.3至1.5倍间，合理价格为2.81令吉至3.24令吉。To Muhamad Yazdi: according Maybank investment bank, MBSB should range from RM 2.81 to RM 3.24 after the merger.

Posted by RedEagle > 2014-07-15 20:24 | Report Abuse

Anyone can explain from A-Z process of merger?

Posted by alexisvics > 2014-07-15 20:35 | Report Abuse

Redeagle, no need to know frm a to z. Just need to know how much does MBSB real value. If under-value,it will roket up after merging but if it is already too expensive, you should sell now.

Posted by RedEagle > 2014-07-15 21:06 | Report Abuse

@ alexisvics.. tq.. hope real value is 3.00^.. hope good announcement from quarterly report + dividend..

Posted by hwangte > 2014-07-16 01:06 | Report Abuse

Those who have chased up the price of MBSB last Friday to as high as RM2.64 and do not have the capacity to hold may continue to sell the next two trading days. What should be our options? Firstly, we could join the selling and buy back at lower price latest by Thursday, as the price may go up again by Friday, as those who cannot hold T+3 days would have finished selling by Thursday. This option is quite risky because, if we unload all our MBSB shares but with the intention to buy back and hold MBSB shares until the announcement of next quarterly result, we may not be able to buy back at lower price to make contra gain if the price suddenly shoots up before the close of Thursday.

The second option, for those having holding power and having some cash reserve from recent selling of part of their MBSB holdings, is to let the price goes down without doing anything. Once the price drops to as low as RM2.16, start buying back aggressively. Chances are the next quarterly results would be favourable. Last year, the interim dividend was declared in October. However, for two years before last year, the interim dividends were declared in August. In other words, for the last three years, interim dividends were declared. Normally, if results declared were favourable and dividend yield is attractive, the price of the share would surge.

I believe EPF, as a major shareholder, needs to make capital gains from its recent subscription of MBSB rights issues as well as holding of the mother share in order to pay dividend to EPF contributors. Thus, as minority shareholders, we should make capital gain in due course.

Posted by klsenoob > 2014-07-16 09:16 | Report Abuse

received news from AF investment bank.. institute will buy in today. good luck.

Posted by billygate > 2014-07-16 10:19 | Report Abuse

currently 2.34, could it be ppl who bought high last week disposing? or institute further press and buy in later?

Posted by Superb99 > 2014-07-16 11:09 | Report Abuse

sigh....poor MBSB

Posted by bintang21 > 2014-07-16 13:10 | Report Abuse

Source: Maybank KE
July 14, 2014

What we are assuming

What we are assuming is that the transaction is effected via a transfer of CIMB Islamic Bank (CIMB-i) and RHB Islamic Bank (RHB-i)’s assets across to MBSB in return for new MBSB shares.

Fair value for MBSB?
Assuming the above scenario pans out, the BVPS for the enlarged entity works out to be MYR2.16, which in our opinion, forms the floor to MBSB’s share price. Against its current share price of MYR2.46, this would be a downside of about 12%.
Against our FY14 ROE estimate of 11.1%, a fair P/BV would be about 1.4x, in our view, which would translate to a fair valueof MYR3.03on the stock, representing an upside of 23% to MBSB’s current share price of MYR2.46.
The table below provides for a sensitivity analysis based on a P/BV target rangefrom 1.3x to 1.5x. This in turn translates to a fair value range of MYR2.81 (+14%upside) to MYR3.24 (+32%).
We believe there is a trading angle on MBSB. Uncertainties now are pricing and structure of the Islamic banking entities merger. If our scenario does not pan out, MBSB shareholders would still either get bought out or get to exchange their shares for the largest financial institution in Malaysia.The downside risk is of the CIMB-RHB-MBSB merger falling through or the pricing/structure of the deal being significantly different from what we
have envisaged.

Potential upside to share price
FY14 ROE 11.1% 11.1% 11.1%
Assumed P/BV (x) 1.3 1.4 1.5
Fair value (MYR) 2.81 3.03 3.24
Current share price (MYR) 2.46 2.46 2.46
Upside 14.3% 23.1% 31.9%

Posted by billygate > 2014-07-16 15:00 | Report Abuse

@klsenoob: ur news very accurate... any idea their TP?? in this case, i will hold tight to MBSB

Posted by Billytoh Lik Wai > 2014-07-16 16:38 | Report Abuse

when is the annucement of MBSB Q result? anyone?

Posted by SP0094701 > 2014-07-16 17:14 | Report Abuse

end of July or first week of Aug base on previuous annoucement

Posted by RedEagle > 2014-07-16 20:58 | Report Abuse

@ klsenoob.. tq for hint..

Posted by alexisvics > 2014-07-16 21:19 | Report Abuse

Hold tight and buy more.....

Posted by RedEagle > 2014-07-16 22:30 | Report Abuse

Be patient.. TP 2.80>

Posted by RedEagle > 2014-07-17 04:36 | Report Abuse

@ Bintang21.. only 11% ROE? How much ROE for 1st Quarter 2014? Anybody here knows? If half quarter PBT pass rm500bil how much ROE? It's KPi target achievable for 2014? Hope fair value for MBSB higher than $2.80..

Posted by Muhamad Yazdi > 2014-07-17 06:08 | Report Abuse

Looking at the price chart, the I like the trend based on yesterday's result. The volume is somewhat there coming in late in the day. Today's price movement should shed the light better on how the trend is going to look...

I am long on MBSB

Posted by klsenoob > 2014-07-17 08:49 | Report Abuse

institute will continue buy in today... however, expect some disposal from last week buying. Hold tight & enjoy the earning!

Posted by Superb99 > 2014-07-17 12:01 | Report Abuse

looks not much uptrend today...

Posted by Overweight > 2014-07-17 15:52 | Report Abuse

like a dead fish in a big pond...

Posted by Brian Loke > 2014-07-17 16:28 | Report Abuse

sad!

Posted by RedEagle > 2014-07-17 17:36 | Report Abuse

Tomorrow T-4.. be patient.. catch...

Posted by Hulk > 2014-07-18 07:36 | Report Abuse

I'm just log-in MBSB at 2.38........waiting for financial report.

Posted by workworkwork > 2014-07-18 14:56 | Report Abuse

2.35... killing zone

Posted by param54 > 2014-07-18 15:31 | Report Abuse

got shot down .painful lah

Posted by count3 > 2014-07-18 19:02 | Report Abuse

When financial report out?

Posted by RedEagle > 2014-07-18 22:04 | Report Abuse

Monday must mantain @ range 2.33-.2.36.. catch...

Posted by moneymatter > 2014-07-19 11:55 | Report Abuse

Quarter report going release by end of the month.. Hold tight and wait for the announcement..

Posted by RedEagle > 2014-07-19 23:25 | Report Abuse

End of month? Take Hari Raya leave 1st.. maybe middle of Aug report out..

Posted by RedEagle > 2014-07-20 19:22 | Report Abuse

Any good news next week?

Posted by kimchi > 2014-07-21 19:22 | Report Abuse

May good news announce on Fri so everyone can celebrate a wealthy Raya next week =)

Posted by RedEagle > 2014-07-21 23:10 | Report Abuse

Tomorrow after 4p.m can up to $2.40? Wednesday $2.45?

Posted by bowman > 2014-07-22 07:30 | Report Abuse

every day is a good day as long as it goes up

Posted by speakup > 2014-07-22 07:56 | Report Abuse

Compare with MBSB, RCECAP has a lot of catchup to do with MBSB

Posted by SP0094701 > 2014-07-22 09:45 | Report Abuse

haiz going down again .....when will be going up again???

Posted by Lim Elson > 2014-07-22 10:00 | Report Abuse

accumulate in or sell.. buy in later

Posted by bmwm5 > 2014-07-22 10:12 | Report Abuse

big investor pushing down the price to scare off the small investor to sell at low price now in order to accumulate.

Posted by bmwm5 > 2014-07-22 10:12 | Report Abuse

someone is accumulating slowly before the news out

Posted by member41 > 2014-07-22 10:59 | Report Abuse

below 230 add

Posted by param54 > 2014-07-22 11:27 | Report Abuse

hope merger fails.better for mbsb

Posted by bmwm5 > 2014-07-22 12:53 | Report Abuse

start accumulate now

Posted by LOOK009 > 2014-07-22 13:42 | Report Abuse

Today AMMBBANK TP RM 2.40

Posted by LOOK009 > 2014-07-22 14:07 | Report Abuse

http://klse.i3investor.com/servlets/ptres/24189.jsp

Posted by kwongliang > 2014-07-22 14:42 | Report Abuse

TP RM 2.40 only? I bought @ RM 2.45.... :(

Posted by SP0094701 > 2014-07-22 16:12 | Report Abuse

TP RM 2.40 ??? i in @ RM 2.47 ....:<

Posted by RedEagle > 2014-07-22 17:34 | Report Abuse

Ambank & MIDF not expert.. please use maybank, public and rhb research.. ;)

Posted by kimchi > 2014-07-22 20:03 | Report Abuse

TP sometime is very misleading... don't rely on it so much..

Posted by Superb99 > 2014-07-22 21:04 | Report Abuse

AMbank always give lower TP as compared to others investment houses...may be they are trying to press down the price and buy at lower price then.