Posted by kimchi > 2014-10-09 11:56 | Report Abuse

Is a confirm merge! Now just pending for the deal, either shares or cash. Below 2.5 is still safe to accumulate MBSB.

http://www.theedgemalaysia.com/business-news/310908-update-malaysias-cimb-rhb-mbsb-reach-merger-deal-source.html

Posted by bmwm5 > 2014-10-09 11:58 | Report Abuse

congratulation! Merger is confirmed. have agreat celebration after counter resume ^^

Posted by bmwm5 > 2014-10-09 11:59 | Report Abuse

tp: 2.75

Posted by yipgusing > 2014-10-09 15:49 | Report Abuse

how sure are you the merge is benefit to us ?

Posted by RedEagle > 2014-10-09 16:51 | Report Abuse

sure sure $3

Posted by jepun_77 > 2014-10-09 17:10 | Report Abuse

yess 3.00-3.50

Posted by kimchi > 2014-10-09 17:42 | Report Abuse

Very simple, EPF being the substantial shareholder. They must protect our pension fund and make certain profit out of this M&A news.

Posted by Ng MC Angie > 2014-10-09 18:21 | Report Abuse

Hope.....3 is success one.

Posted by Tan Wan Ting > 2014-10-09 19:14 | Report Abuse

http://www.theedgemalaysia.com/business-news/311008-flash-cimb-islamic-rhb-islamic-and-mbsb-will-merge-to-form-a-mega-islamic-bank-at-rm282-per-mbsb-share.html

Posted by slts > 2014-10-09 19:43 | Report Abuse

In tandem, CIMB Islamic, RHB Islamic and MBSB will merge to form a mega-Islamic
Bank. This will be done at a price of RM2.82 per MBSB share, and MBSB shareholders
will have the option of receiving cash or CIMB Islamic shares as consideration. It is
envisaged that the newly created mega-Islamic bank will remain a subsidiary of the
Merged CIMB-RHB in partnership with ex-MBSB and/or new strategic shareholders.

we small fishes take cash 2.82 per share , the shares r redeemable convertible preference shares which r not traded
hope the arabs support tis merger

Posted by rizerlee > 2014-10-09 19:46 | Report Abuse

Rm2.82 per share
10% higher

Posted by rizerlee > 2014-10-09 19:47 | Report Abuse

Sry around 20% since it drop to 2.32

Posted by kwongliang > 2014-10-09 20:32 | Report Abuse

So tomorrow won't > 2.80........

Posted by jtpc2006 > 2014-10-09 20:54 | Report Abuse

2.82 takeover price too low. EPB/minority shareholders must object and insist on at least 3 ringgit!

Posted by TonsilBasher > 2014-10-09 21:19 | Report Abuse

will you all take the cimb islamic bank shares? If no why?

Posted by EricAng82 > 2014-10-09 21:23 | Report Abuse

if we want to take cash at 2.82, what the step we need to do and when? newbie here

Posted by TonsilBasher > 2014-10-09 21:31 | Report Abuse

its blardy low......

Posted by Louis Louis > 2014-10-09 21:59 | Report Abuse

if we take the cimb islamic share what are the exchange ration? 1 MBSB to 0.25 CIMB ISLAMIC>?

Posted by jiasin08 > 2014-10-09 22:21 | Report Abuse

sure tomorrow will go up to 2.82

Posted by kimchi > 2014-10-10 00:17 | Report Abuse

Guys.. do u think coming Q3 result they will announce dividend? Will the merger stop them from paying us dividend?

Posted by spec9888 > 2014-10-10 05:40 | Report Abuse

Finally they come to a merge. Great!

Posted by RedEagle > 2014-10-10 06:58 | Report Abuse

Fighting the norm today.. DowJone red oceon..

Posted by JT Yeo > 2014-10-10 08:43 | Report Abuse

2.82 is actually overvalued if you look at 1.99x to book value, similar ROE compare to other banks with lower book value multiples.

Posted by jepun_77 > 2014-10-10 09:05 | Report Abuse

2.61 opening!!!! :)

Posted by Superb99 > 2014-10-10 09:09 | Report Abuse

who cares is under or over as long they pay...

Posted by lmseng > 2014-10-10 09:11 | Report Abuse

why are there people selling below RM2.82 when it's already officially announced the price of MBSB for the mega-merger is at RM2.82?

Posted by Superb99 > 2014-10-10 09:16 | Report Abuse

don't understand...

Posted by Patrick Ngian > 2014-10-10 09:25 | Report Abuse

because the deal is subject to shareholder approval and market don't think deal will be firm.if u think the deal can succeed then you can buy at this price.

Posted by AhMoi > 2014-10-10 09:32 | Report Abuse

Posted by AhMoi > Oct 10, 2014 08:30 AM | Report Abuse X

Be careful market has never accorded RHB that kind of valuation ie 10+

It is an internal valuation for the merger purpose.... ask yourself if the value/market price of the new bank can ever reach the value now given under the merger exercise? ???



Posted by AhMoi > Oct 10, 2014 09:16 AM | Report Abuse X

Say, A's market value as accorded by the market all this while is 300k,
B's 100k

Now they want to merge and value themselves, themselves. .. oh.... A is worth 500k, B is worth 250k

And, they set up a new co C... ask yourself will the market value of C be suddenly 750k???? 350k more over 400k just like that...

Posted by jtpc2006 > 2014-10-10 09:40 | Report Abuse

confident shareholder approval pasti boleh dapat at 2.82 ! so grab whatever you can if below this price. lucky Dow weakness came after the announcement !

Posted by sethoylo > 2014-10-10 09:43 | Report Abuse

make sense

Posted by KL Liew > 2014-10-10 09:47 | Report Abuse

CIMB die

Posted by ketupatlazat > 2014-10-10 10:22 | Report Abuse

instant money!

Posted by Superb99 > 2014-10-10 10:38 | Report Abuse

no need to sell now as the worst case should be 2.6 so hold and hoping for 2.8

Posted by jtpc2006 > 2014-10-10 10:42 | Report Abuse

for sure won't be below 2.82.

Posted by drkervokian > 2014-10-10 10:42 | Report Abuse

sell now and buy back at 2.55. the signs are showing a massive correction. Dow hitting below 16400. Impacting the rest of the region.

The verdict is still out on today's Budget. Expect even higher deficit and loans that needs to be made by the government. The raise in fuel price and subsidy reduction; KJ's harder stand on PTPTN defaulters. all point to national coffers drying up.

Expect EPF dividends to be lower this year too.

Posted by jtpc2006 > 2014-10-10 10:49 | Report Abuse

hehe, wolves waiting for you sellers to panic, and they have already started to collect anytime you sell. They will wait and make big bucks at 2.82.

Posted by chinasamy > 2014-10-10 10:51 | Report Abuse

lol. People are buying now and you sell. Yea. Wolves are waiting to snap your cheap shares.

Posted by chinasamy > 2014-10-10 10:54 | Report Abuse

Shareholders, please don't fall into traps!!! Anything below 2.70 is a bonus. Why afraid to buy more or sell your shares in panic?? LMAO

Posted by slts > 2014-10-10 10:56 | Report Abuse

the arabs will support tis merger
no loose to them but alot to gain
mbsb is a sure win stock in tis bad mkt

Posted by chinasamy > 2014-10-10 10:59 | Report Abuse

When people are rumouring on the merger, many people were afraid to go in. Now merger is on, still people are panicking when they are valuing the share at 2.82. LoL. Do not see any logics.

Posted by chinasamy > 2014-10-10 11:12 | Report Abuse

For those who want to go in more, now is the time before sharks swallow everything in the range of 2.60-2.70. We are only medium fishes, and anything below 2.70 is consider bonus.

Posted by slts > 2014-10-10 11:29 | Report Abuse

if u hold u will get another 10 sen
q3 5sen q4 5 sen dividends

Posted by chinasamy > 2014-10-10 11:32 | Report Abuse

Yes. Dividends can still get. Just ignore whatever the price is going to be for now and in future. We are looking at 2.82 as being valued. Not the waves of 'up' and 'down' played by sharks. LoL.

Posted by slts > 2014-10-10 11:33 | Report Abuse

maybe got special dividends like last year too

Posted by Superb99 > 2014-10-10 11:45 | Report Abuse

2.82 = 1.3x of mbsb P/B value considered cheap in this industry..

Posted by EKSH238 > 2014-10-10 11:57 | Report Abuse

yap, is right . just hold , dont let big sapu all cheap stock

Posted by lmseng > 2014-10-10 12:01 | Report Abuse

yes, don't fall into the trap.. like they did just before the announcement, pressed MBSB down to 2.37 on 8/10/14 and now making a fat profit.
The quarterly result will be announcing soon...maybe got special dividend, too!

Posted by tmsoo > 2014-10-10 12:02 | Report Abuse

luckily got chances to buy this at 2.17, waiting to see the good news.

Posted by chinasamy > 2014-10-10 12:10 | Report Abuse

Panic investors like to dump their shares at dirt cheap prices when big players pressing down or block at certain price levels. This is what we called booby traps. We can follow them sometimes but not all the times because at the end we are the one losing unless you know their plans. They are buying in huge blocks but we are only buying in lots or lesser. Don't be panic please. Hold onto your shares.