Hatten Group Sdn Bhd today inked a financing agreement worth RM256.5m with Malaysia Building Society Bhd (MBSB) to develop the Imperio@Hatten City project within the Melaka Raya commercial area here. Hatten Group MD Colin Tan said the integrated development overlooking the Melaka Straits comprises the six-storey Imperio Mall retail mall and the Imperio Residence with 949 units of luxury apartments. "Imperio@Hatten City is just a few minutes' drive from Melaka's tourism attractions like Jonker Street, making it a highly viable commercial area," he said. Hatten Group's broad portfolio encompasses the commercial, residential and hotel sectors. (Bernama)
Just the trick to scare off the investor to dump cheap shares to them. It is already a seal deal , instruction already came from top (Friend working in CIMB told me) With the lower share prices, market capital values also go down and merger prices can be bring down also. MBSB is not an issue for them; problem are from RHB side.
ive anticipated that the deal will receive a number of bad flack. hence bought only a few shares. But will accumulate anyway not because of the potential upside of 2.82. (because even if the deal proceeds, share price has depressed so capitalization will be adjusted slightly)
but because mbsb is a good strong business from a book perspective.
Their asset to liabilities ratio is almost equivalent to Maybank's and Public Bank's. So not someting i'd be too concerned about.
why would "big" sellers sell to you at 2.21 knowing full well that they would have gotten 2.85 from CIMB takeover soon ? again and again , this 2.85 offer it's too good to be true !
thanks sapumalaysia my TP pre-oil price drop was below 2.15. Now with the economic uncertainty. potentially will near its NTA value of around RM1.60 (that's super worse case).
Especially if MBSB continues straetgy of rewarding board of directors through Share option listing instead of giving handsome dividend like in 2012 and 2013. So now am waiting for Q4 dividend announcements to either confirm or dispel the pattern.
it is interesting to see who is dumping the shares. if it is EPF then potentially confirm that MBSB has shown hints that theyre not gonna give dividends by Q4
i dun quite believe nazir will cheat directly lah ..... he said before, the deal will go through even wiyhout support from Aabar, now not even Aabar against it ........
Hahaha.. Even when khazanah giving happy money 27 cents offer price to MAS shareholders; the price also can sharp fall to 15 cent on agm day,.. heavy selling volume? Okokok.. sell sell sell There were so many round of story/rumours/different version happened past few month..
i saw the sharp fall sapumalaysia. i suspect some idiot trader/fundmanager heard rumour and itchy finger sell. then got F by his boss and quickly buy back. lol
Have faith and trust on the fundamental of MBSB. Last Q showing good profit. Although asset quality is a concern but MBSB still overall still very healthy and vital. Very good prospect in 2 -3 year and probably can get financial banking license in future. In fact i bought this counter no because of merger theme. Merge with CIMB is killing the Goose that Lays the Golden Egg. I prefer to collect the egg every year.
Well, if the merger is off, just hold MBSB for a while. It is expected to announce its 2014 final year quarter results by end of this month (January). If EPS for the quarter is maintained at 7 sen average, then the 2014 overall EPS would be 31 sen. Based on latest MBSB price, the estimated PE ratio is only 7 times. Thus, it is an undervalued share. The next dividend is expected to be announced in April. Nothing to panic about. At the current level, the downside risk is minimal, given the lowest closing price of MBSB in 2014 was RM2.15.
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....
member41
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Posted by member41 > 2015-01-08 18:11 | Report Abuse
Hatten Group Sdn Bhd today inked a financing agreement worth RM256.5m with Malaysia Building Society Bhd (MBSB) to develop the Imperio@Hatten City project within the Melaka Raya commercial area here. Hatten Group MD Colin Tan said the integrated development overlooking the Melaka Straits comprises the six-storey Imperio Mall retail mall and the Imperio Residence with 949 units of luxury apartments. "Imperio@Hatten City is just a few minutes' drive from Melaka's tourism attractions like Jonker Street, making it a highly viable commercial area," he said. Hatten Group's broad portfolio encompasses the commercial, residential and hotel sectors. (Bernama)