Posted by firehawk > 2015-01-13 09:38 | Report Abuse

CIMB rebound but MBSB remain death ......

Posted by Jason Lim > 2015-01-13 09:50 | Report Abuse

Bought at 2.05 just now.

Posted by jacklintan > 2015-01-13 09:57 | Report Abuse

hwangte: why are u so convinced that sellers are panic? They may be selling due to fake promise of merger.

Posted by kakashii > 2015-01-13 10:00 | Report Abuse

PDTs shorting MBSB, afternoon they buy back. Purposely to create panic

Posted by Stan Lee > 2015-01-13 10:01 | Report Abuse

i think is a release from epf

Posted by cybermen35 > 2015-01-13 10:01 | Report Abuse

what is PDT ?

Posted by Superb99 > 2015-01-13 10:03 | Report Abuse

even the merger is called off, MBSB should worth more than RM2...

Posted by kakashii > 2015-01-13 10:06 | Report Abuse

PDT are day traders working with broking firms on commission. They purpose is tto create volume for market. They can short but must buy back same day. Watch this afternoon MBSB shot up as they are force to buy back.

Posted by kakashii > 2015-01-13 10:08 | Report Abuse

Merger call off? Who says so? Only rumour spread by syndicate. If the rumour is true then it won't be in news at all.

Posted by jacklintan > 2015-01-13 10:09 | Report Abuse

MBSB is a bank full with debts. Unsettled loans by gov sectors. The other 2 banks makan this MBSB will have long term high debts issues.

Posted by kakashii > 2015-01-13 10:10 | Report Abuse

Think...if merger was to be call of, you are small investors won't even know about this. They block the news from coming out. Suddenly you read about merger in news, this is pure syndicate spreading rumours. And rumours are usually to push price down.

Posted by jacklintan > 2015-01-13 10:12 | Report Abuse

kakashii: rumors also to push price up. Don't be so convinced it's one sided.

Posted by kakashii > 2015-01-13 10:12 | Report Abuse

Just look at CIMB now, if the call off merger is true then why up 0.35cent today?

Posted by BursAnalyst > 2015-01-13 10:12 | Report Abuse

MBSB is worth more than RM2 even without merger...but due to influence from news, we can expect panic selling if merger does not succeed. Not safe yet..

Posted by kakashii > 2015-01-13 10:17 | Report Abuse

This is routine syndicate rumour mills modus operandi. They saw a chance to make a killing by creating panic. If you fail to see this, then watch and learn

Posted by Lim Elson > 2015-01-13 10:17 | Report Abuse

Average in if you lose...

Posted by drkervokian > 2015-01-13 10:42 | Report Abuse

seems like for CIMB Mitsubishi UFJ is slowly reversing their sell policy.

saw the news they bought 600K shares few days ago. interesting to see their play. cause theyve been dropping half million to several million shares a day ever since announcements

Posted by kakashii > 2015-01-13 10:44 | Report Abuse

CIMB and Rhbcap already shot up. I bought 2.09, just matter time shot up.

Posted by Tornado > 2015-01-13 10:45 | Report Abuse

the reason for RHB/CIMB to shot up is the reason for MBSB to come down ; )

Posted by hwangte > 2015-01-13 10:58 | Report Abuse

Read The Star business section where an official of MBSB was quoted as saying MBSB is expected to announce soon record profits for financial year ending Dec 2014. Good news coming on MBSB financial performance by end of this month.

Posted by 8illionaire > 2015-01-13 11:01 | Report Abuse

hi hwangte, you meant this; http://www.thestar.com.my/Business/Business-News/2015/01/13/MBSB-keeps-to-standards-Building-society-has-adopted-threemonth-provisioning-rules-since-early2014/?style=biz

Posted by kakashii > 2015-01-13 11:20 | Report Abuse

Watch MBSB shout up 38cents today and syndicate spread news that MBSB getting new better merger deal

Posted by hwangte > 2015-01-13 11:21 | Report Abuse

@8illionaire, yes. If the fourth quarter EPS is 7 sen or higher, the whole of 2014 EPS for MBSB would exceed 31 sen, giving a PE ratio of less than 7 times at current price.

Posted by kakashii > 2015-01-13 11:27 | Report Abuse

Showtime start now..

Posted by kakashii > 2015-01-13 11:29 | Report Abuse

From 2.09 to 2.12 in less than 5 minutes..

Posted by kakashii > 2015-01-13 11:29 | Report Abuse

2.12 finish less than 5 minutes..

Posted by kakashii > 2015-01-13 11:30 | Report Abuse

MBSB turn green before lunch break?

Posted by Tornado > 2015-01-13 11:45 | Report Abuse

One man's poison is another man's honey .....
I will watch carefully....

Posted by sdgundamuse > 2015-01-13 11:51 | Report Abuse

http://www.stockhut.com.my/news/9649

KUALA LUMPUR: The proposed mega merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) is off and an announcement is expected before the end of the week, sources said.

“The respective boards are supposed to meet on Wednesday, [tomorrow] when it will be formally expressed that the deal is off,” one source close to the negotiations told The Edge Financial Daily.

The move comes six months after the proposed merger was first announced in July 2014.

The Edge weekly on Jan 10 reported there was a strong possibility the merger could be called off due to several factors, including that the economic landscape has become tougher. Another factor was that RHBCap was seeking a revision of the terms, after the substantial fall in CIMB’s share price.

Sources said instead of an all-share deal in its merger with CIMB, RHBCap now wants a cash portion to be included, making the deal potentially more expensive for CIMB.

Some fund managers said news that the deal is off will be positive for CIMB and RHBCap. This is because their share prices have underperformed due to uncertainties and concerns arising from the protracted negotiations.

“Both have been underperfoming — CIMB more so than RHBCap — because of the uncertainties surrounding the merger, coupled with the tougher operating landscape. Many investors are concerned that a merger of this size, at this time, could turn out negative for the parties if they go ahead with it,” said a fund manager.

CIMB’s stock shed 14 sen or 2.6% to close at RM5.18 yesterday, while RHBCap gained seven sen to RM7.73. MBSB’s stock plunged 22 sen to RM2.19.

CIMB’s stock has shed 25.8% since the structure of the mega merger was first announced on Oct 9, while RHBCap’s share price has declined by 11.1%. MBSB’s stock has gained 1.7% prior to the sharp fall yesterday.

The proposed merger has been structured such that RHBCap would acquire CIMB’s assets and liabilities via a share swap at an exchange ratio of one RHBCap share for 1.38 CIMB shares. This was based on a benchmark price of RM7.27 per CIMB share and RM10.03 per RHBCap share, translating into a price-to-book value (P/BV) ratio of 1.7 times and 1.44 times for CIMB and RHBCap, respectively.

Their Islamic operations, which would then come under CIMB Islamic Bank Bhd, would then acquire MBSB to form a mega Islamic bank at a price of RM7.77 billion or RM2.82 per share. This translates into a P/BV of 1.32 times and MBSB shareholders have a choice to either accept cash or new shares in the unlisted CIMB Islamic group.

Posted by beso > 2015-01-13 12:30 | Report Abuse

seller is the winner

Posted by cfoong > 2015-01-13 12:59 | Report Abuse

kikikikikiki... long term kaki is the winner. The basic and foundation of MBSB remains same no matter it is privatised or merged with others... kikikikikikiki....

Posted by cfoong > 2015-01-13 13:00 | Report Abuse

If they can value 2.82 at one time for MBSB, 210 is steep discount... kikikikikiki... but if wanna safer, u can wait until 1.65....kikikikikikikikiki...

Posted by kakashii > 2015-01-13 13:03 | Report Abuse

Now MBSB hit year low of 2.04...sell down by PDTs...they have to buy back this afternoon.

Posted by 8illionaire > 2015-01-13 14:16 | Report Abuse

if follow cimb style. buyback should be tomorrow. plenty time to collect. so take your time.

Posted by kakashii > 2015-01-13 14:38 | Report Abuse

Rhbcap and cimb already fly...only matter of time for MBSB

Posted by lim88 > 2015-01-13 14:57 | Report Abuse

2 up 1 down.....

Posted by kakashii > 2015-01-13 15:07 | Report Abuse

OSK up, CIMB up, Rhbcap up..soon MBSB shot up

Posted by lepaklangkawi > 2015-01-13 15:09 | Report Abuse

unlikely bro. this company got bad disease. reason why CIMB price from from 7.50 to 5 ringgits. no way price will recover now....

Posted by flysky > 2015-01-13 15:20 | Report Abuse

who is PDT?

Posted by Justin Ngo > 2015-01-13 15:30 | Report Abuse

D no merge news made cimb up 70sen in 1 day. I really suffer in this mbsb.

Posted by 8illionaire > 2015-01-13 15:35 | Report Abuse

@justinngo, hold ten years.

Posted by firehawk > 2015-01-13 15:37 | Report Abuse

Nazir unable to keep his words?

Posted by wongyunling > 2015-01-13 15:58 | Report Abuse

fail...

Posted by Justin Ngo > 2015-01-13 16:15 | Report Abuse

@8illionaire, only can do so. Keep as golden goose for dividends egg.

Posted by hwangte > 2015-01-13 16:22 | Report Abuse

Hi Justin Ngo, you are not alone being misled by the initial news of merger. Hold the stock for awhile. By the end of this month, MBSB is expected to announce its 2014 fourth quarter result which could be favourable news. Sometime, in April this year, it may declare dividend.

Posted by oasischeah > 2015-01-13 16:25 | Report Abuse

May be less than RM2.00 tomorrow. Merger or no.

Posted by 8illionaire > 2015-01-13 16:40 | Report Abuse

then collect more lo.
hehe

Posted by babu > 2015-01-13 16:42 | Report Abuse

I agree with hwangte - whyI won't sell mine at a loss if it really dip below 2.00 ; it's too late to cut loss since the bad news has leaked out !

Posted by 8illionaire > 2015-01-13 16:44 | Report Abuse

@babu dont worry.
if the merger doesnt go through, the counter already dropped enough these last two days.
this counter easily 2.30~2.40 la

Posted by me12mo > 2015-01-13 17:05 | Report Abuse

merger failed? confirmed?