Posted by 98265 > 2014-10-23 08:46 | Report Abuse

Faced to the reality. It wont up today!

Posted by drkervokian > 2014-10-23 08:47 | Report Abuse

DecisionS... decisions.. is this just wayang? To push the share up for bit shareholders. And they're dumping now. Or the other way around.

to push the shares down before big boys pick em up.

Posted by jepun_77 > 2014-10-23 08:56 | Report Abuse

waiting for 3Q success..big boys waiting to collect at low...for sure!!

Posted by 88et88 > 2014-10-23 09:11 | Report Abuse

Holding good, all the best to everyone

Posted by metalgearsnake > 2014-10-23 09:13 | Report Abuse

wow, so many ppl collecting

Posted by metalgearsnake > 2014-10-23 09:14 | Report Abuse

but selling trend is high as well....

Posted by bmwm5 > 2014-10-23 09:16 | Report Abuse

see the strong buying queue, do u think merge is off?

Posted by metalgearsnake > 2014-10-23 09:28 | Report Abuse

whether the merge is on, it wont be over 2.65 in a while for sure...

Posted by jepun_77 > 2014-10-23 09:28 | Report Abuse

for sure everyone wanted to buy at low..now ppl with strong believe will accumulate..

Posted by metalgearsnake > 2014-10-23 09:30 | Report Abuse

jepun_77, hope u r right

Posted by Gokula Krishnan > 2014-10-23 10:32 | Report Abuse

why are ppl selling when the buy out price is 2.8?

Posted by metalgearsnake > 2014-10-23 10:36 | Report Abuse

coz the merging is in an unsure stage, also it might take sometime to reach the price even the merging is on

Posted by Superb99 > 2014-10-23 10:43 | Report Abuse

look at the buying q, it is promising

Posted by jepun_77 > 2014-10-23 10:56 | Report Abuse

ppl selling becoz they fear..huhuhuu end up will regret..

Posted by crawler > 2014-10-23 10:58 | Report Abuse

buy on rumours sell on news!

Posted by metalgearsnake > 2014-10-23 11:28 | Report Abuse

so crawler , do u mean tat we should sell since the news is saying that the merge is unsure?

Posted by bmwm5 > 2014-10-23 12:10 | Report Abuse

pity those panic selling this morning. just read the maybank investment article just now, still foreseen the merger will go through.the press also saying EPF might selling its stake to 3rd party in order to vote in the meeting

Posted by jtpc2006 > 2014-10-23 12:23 | Report Abuse

mbsb price will rise now becos people suddenly realize whether epf vote or not, the deal will go through.

Posted by apprentice > 2014-10-23 13:14 | Report Abuse

There is more uncertainties now with regards to the deal. A 3rd party has to buy over EPF's stake of CIMB at RM 7.27 a share, the block will cost RM 8.8 Bil. With CIMB presently at 6.30 plus, which party would be interested?
Not forgetting the 3rd party has to pay RM10 plus for the RHB shares and RM 2.82 for MBSB, when both counters have not reached that price at all.
The merger may go through, but will MBSB shareholders be offered the same price of 2.82 or possibly lower?
That is the question.

Posted by jacklintan > 2014-10-23 13:47 | Report Abuse

Very certain gov will stick to 2.80

Posted by bmwm5 > 2014-10-23 15:40 | Report Abuse

http://www.theedgemarkets.com/my/article/rhbcap-cimb-mbsb-fall-after-epf-disallowed-merger-vote

Posted by bmwm5 > 2014-10-23 15:41 | Report Abuse

Kenanga Investment Bank Bhd also said Bursa's decision could “throw a spanner in the works”.

But Kenanga said that did not mean the planned merger would fall through.

“Although this development could throw a spanner in the works, it does not mean that the proposed merger will come crumbling down so long as there is strong support from other shareholders ex-EPF,” Kenanga said.

Posted by drkervokian > 2014-10-23 17:04 | Report Abuse

anyway, i dun mind collecting if it drops back to 2.2X.
Cause MBSB has a history to be a great dividend collector. And those Arab boys have held back on dividend payout to bolster balance sheet.

Also resorted to Share Option Scheme to give out shares directly to themselves rather that giving dividnd out blankly in the market.

if deal don't go through likely this year's Q4 dividend will be about 16-20 cents per share cause have held back for 2 quarters. if there greedy, probably announce 8-10cents on q3 dividend, but that depends on the deal.

IF it is a wayang; i'll play the script like this. Kasi drama and make a killing in the market.
a) During nego. someone will leak out ARab fellas want 2.5X NTA. at RM3.25
b) Upon which CIMB says need few days to think.
c) Next day market go crazy. Arab boys and big players sell off shares.
d) The say ok, nego back to 2.9X. Everyone wins. TWICE!

Posted by apprentice > 2014-10-23 17:28 | Report Abuse

While I don't see MBSB dropping to 2.2x in the near future, neither do I see the Arab boys wanting MBSB at price anywhere near 3.00. Ever since BNM came out with strict guidelines on personal loans, EPF have been trying to get rid of its huge shareholdings of MBSB.
RHB has gone through the books of MBSB and has no appetite to take up MBSB as MBSB is far from ready or qualified to be a full fledged bank. CIMB is dying to be the biggest bank, so EPF is willing to divest its RHB block provided CIMB takes up its (EPF) MBSB shares.
It could be many more months before anything definite will materialise, in the meantime, those who had hoped for a quick killing will have their money stuck for at least another year.

Posted by hornetsjet > 2014-10-23 17:38 | Report Abuse

EPF will divest CIMB share lower than the market price if they really want it to be happen.

Posted by gohlai > 2014-10-23 18:10 | Report Abuse

abu dhabi is not going to pay 2.82 for mbsb

Posted by jepun_77 > 2014-10-23 18:21 | Report Abuse

@gohlai no need to give such negative comment laa..every counter also u say like dat..runnn laa..will going down la..hurrmmm..

Posted by apprentice > 2014-10-23 18:30 | Report Abuse

Its a fair comment by gohlai. Anyone here willing to pay 2.82 when one can buy at 2.56 in the open market?

Posted by SP0094701 > 2014-10-23 18:39 | Report Abuse

Myself better taking the cimb islamic share if merge sucess

Posted by gohlai > 2014-10-23 19:12 | Report Abuse

thanks apprentice....this is just the truth...im not trying to splash cold water to anyone...abu dhabi already upset over this deal where they have no say...what for they want to buy at 2.82 now?...dont u realise today u can easily buy mbsb at 2.56??...funds are already unloading...

Posted by line > 2014-10-23 20:14 | Report Abuse

2.82 is the right price. It depends on growth. With asset value rising it could be more next year

Posted by SP0094701 > 2014-10-23 21:17 | Report Abuse

If dont belive the merger will sucess or not...pls throw your holding share of MBSB...dont waste time .....because i trust this counter can achive to 2.82 or more....if unsucess of merger this counter still have its value ....its time frame only....

Posted by bmwm5 > 2014-10-23 22:02 | Report Abuse

cheer guys.. just sharing opinion here. ^^

Posted by bmwm5 > 2014-10-23 22:10 | Report Abuse

maybe we can think ...
1. why epf wanna merge this 3 bank?
2. if mbsb not worth 2.82, why they agree during meeting? anyone will do losing business?
3. if you are those big shot, how u gonna do to max yr profit on this merger?
4. relationship btw cimb, epf, khazanah, mbsb

out of this few, i believe q3 is the most interesting part, we cant fight big shot but we can follow them

Posted by Tian76 > 2014-10-23 22:54 | Report Abuse

bmwm5 got a point there. This merger is definitely a plus for CIMB and whoever owns the bigger chuck of CIMB. No one will wanna do loosing business. Unless there is a more attractive and bigger benefit offer by the Arabs behind close door for this meager not to go thru. And that my friend is another story.

Posted by apprentice > 2014-10-24 07:15 | Report Abuse

bmwm5, please get your facts right. There are no 3 banks, only 2. MBSB is a building society set up to build houses and provide housing loans. They have 'expanded' their business and gone into personal loans while not adhering to BNM guidelines. EPF is only a major shareholder of MBSB and has no control of how MBSB runs its business. EPF wants to dispose of its share in MBSB and the 2.82 is put up to keep shareholders happy. Its not their money to spend, so why not?
Looking at the price of CIMB and RHB today, it is obvious both the bank's shareholders are unimpressed with the deal.

Posted by line > 2014-10-24 07:15 | Report Abuse

Having a larger islamic bank could create a better goodwill, esp when the popularity of islamic banking is slowly increasing

Posted by line > 2014-10-24 07:16 | Report Abuse

As values of property are rising, assets held by mbsb will increase in value too. So the value of shares will slowly increase ...

Posted by line > 2014-10-24 07:18 | Report Abuse

You cannot get 2.56 from the market if u want to buy a big chunk....that's why they are putting fixed value at 2.82

Posted by apprentice > 2014-10-24 07:25 | Report Abuse

Can MBSB go on its own, ie without the merger? Of course it can but will it be able to fetch 2.82?
With the household debt at 86.8% at end of last year, there are not many who qualify for loans anymore. More worrying is the NPL and non collateral loans taken in by MBSB.
And now CIMB may have to carry the baby.

Posted by apprentice > 2014-10-24 07:30 | Report Abuse

line, who wants a big chunk of MBSB? You should remember less than a year ago when EPF started selling down its holding, MBSB was dropping like stone.

Posted by RedEagle > 2014-10-24 08:01 | Report Abuse

why 2.56? 2.82 for all units ordinary shares.. how can big sharks buy 2.56 @ 2.7 billion units ordinary shares lor.. who want to sell @ 2.56 lor..??

Posted by RedEagle > 2014-10-24 08:32 | Report Abuse

this year kpi 1 billion PBT consider baby ya apprentice?

Posted by jepun_77 > 2014-10-24 08:54 | Report Abuse

yupp @RedEagle MBSB gonna achieve it..3Q should be positive..

Posted by metalgearsnake > 2014-10-24 09:39 | Report Abuse

may i noe when is the 3Q coming?

Posted by jepun_77 > 2014-10-24 09:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1771285

Posted by metalgearsnake > 2014-10-24 10:09 | Report Abuse

thanks jepun_77~

Posted by RedEagle > 2014-10-24 20:41 | Report Abuse

2 batalion of commando ready to merangkak masuk on 31/10.. bertempur on 3/11.. kemenangan or kekalahan on 4/11.. white flag on 5/11..

Posted by syafiqmasbop > 2014-10-24 22:27 | Report Abuse

5/11 ade ape

Posted by line > 2014-10-25 02:00 | Report Abuse

1 year ago and now got so much of difference