Posted by cfoong > 2015-01-14 08:08 | Report Abuse

Administration expenses wont be cut. Possibly, government will hold back some of the mega projects and impose taxes on those gaming, alcohol or cigar business.

Posted by cyeec2000 > 2015-01-14 08:18 | Report Abuse

I have been a Mbsb Shareholder for longer times,nothing to stop me to hold for longer time due to their unique competitive strenght.There is always potential merger to be likely to occur in future which was happened in the pass (RHB@MBSB),Another points is there has yet to announce the dividend payout in this financial year,predicting at least conservative 10sens to be payout.The lower prices provide more opportunity to purchase more.

Posted by kakashii > 2015-01-14 09:02 | Report Abuse

Can't get to buy market price !

Posted by kakashii > 2015-01-14 09:06 | Report Abuse

Syndicate bluff uncover yesterday. Today panic sellers will buy back MBSB ! Cash offer 2.82 from Cimb is still on

Posted by cipapo > 2015-01-14 09:06 | Report Abuse

quickly grab while can....closing 2.40 today!!

Posted by cipapo > 2015-01-14 09:08 | Report Abuse

whoa..shit....damn difficult to buy......paying sellers price...

Posted by kakashii > 2015-01-14 09:08 | Report Abuse

I can't get market ! So fast !

Posted by ronnykow > 2015-01-14 09:11 | Report Abuse

so fast 10c up....

Posted by cyeec2000 > 2015-01-14 09:16 | Report Abuse

The merger is not off?reliable?

Posted by Lim Elson > 2015-01-14 09:40 | Report Abuse

just be careful... hit and run the best..

Posted by veln82k6 > 2015-01-14 09:59 | Report Abuse

Unlike to like. Maybank going to take action if they fail.

Posted by force > 2015-01-14 10:04 | Report Abuse

My friend work in mbsb say this merger will fail and lagi recently banking field not really good maybe can think for invest others

Posted by sekupang > 2015-01-14 10:05 | Report Abuse

Merger call off..confirm

Posted by member41 > 2015-01-14 10:06 | Report Abuse

Come come should back to 220 at least... price b4 merger announce

Posted by cipapo > 2015-01-14 10:31 | Report Abuse

The merger deal is going through that's why maybank today drop 15 cents... Because they no longer big... Stay tune...don't miss the boat

Posted by cipapo > 2015-01-14 10:34 | Report Abuse

Cimb drop 22 cents...Deal going through!!...huatttt

Posted by 8illionaire > 2015-01-14 10:45 | Report Abuse

whether it goes through anot, mbsb will be targeted by banks to be acquired.
so dont worry.
i think there's still room to go from current pricing

Posted by 8illionaire > 2015-01-14 11:28 | Report Abuse

alot sources now saying deal definitely off.
wonder who will be next to eye mbsb

Posted by Angel_Investor > 2015-01-14 11:53 | Report Abuse

Only worth to invest in MBSB for price below 1.80 if de deal off!

Posted by 8illionaire > 2015-01-14 12:02 | Report Abuse

@angel_investor, let's wait for the quarter results.

Posted by Justin Ngo > 2015-01-14 12:18 | Report Abuse

Just wait for announcement today. They meet to talk whether to continue or not. May b change in some details if really want to proceed. But the chance is slim.

Posted by hwangte > 2015-01-14 12:28 | Report Abuse

Important timelines for MBSB: End January 2015: MBSB is expected to announce final quarter 2014 results. The Star quoted an official from MBSB as stating that the 2014 financial year profits would be "record" profits; April 2015: MBSB is expected to declare dividend. If merger is off, chances are MBSB will be giving higher dividend.

Posted by Justin Ngo > 2015-01-14 12:40 | Report Abuse

@hwangte, i hope u r right. I already focus on long term investment instead of shorterm money back scheme. Good revenue n profit will definitely push up d share price.

Posted by rishi > 2015-01-14 12:47 | Report Abuse

Is the merger still on or off ? is there anyone could enlighten me on this?

I have a question,when are they going to declare the dividen?

Posted by woodstock > 2015-01-14 12:54 | Report Abuse

They will declare the merger is off because this is not the right time.

Posted by sunztzhe > 2015-01-14 12:59 | Report Abuse

Whether merger or no merger, MBSB EPS is strong around 28 to 30 cents per share. At current price of 2.15, the PE multiple is only 7.2. Even if there is no merger, MBSB PE multiple will be re-rated upward as the management has taken proactive steps on improving its banking standards. Its strong earnings can support good dividends payout in future. I have bought into MBSB yesterday evening when there was panic selling!!!

Posted by sunztzhe > 2015-01-14 13:07 | Report Abuse

MBSB had shown it had paid dividends of 16% to 32% gross in the past. If merger is off, MBSB shareholders can look forward to better dividend payout in future. With merger, MBSB PE will be re-rated upward.

Posted by kakashii > 2015-01-14 13:47 | Report Abuse

Sources working in Cimb told me that merger is on but probable will drop Rhb and continue with MBSB/CIMB merger first. Just sharing

Posted by 8illionaire > 2015-01-14 14:08 | Report Abuse

i dont think people trust the "sources" after yesterday fiasco. let's wait for bursa announcements ;)

Posted by cfoong > 2015-01-14 14:12 | Report Abuse

Thanks for the forumer here! i know wht to do!...kikikikikiki..

Posted by cipapo > 2015-01-14 14:24 | Report Abuse

http://www.theedgemarkets.com/my/article/cimb-chairman-nazir-non-committal-merger-status


KUALA LUMPUR (Jan 14): CIMB Group Holdings Bhd ( Financial Dashboard) chairman Datuk Seri Nazir Razak was non-committal on the status of the bank's planned merger with RHB Capital Bhd ( Financial Dashboard) and Malaysia Building Society Bhd (MBSB) ( Financial Dashboard), saying an announcement would be made soon on the matter.

Speaking to reporters today, Nazir said CIMB, RHB Capital and MBSB were still assessing the deal based on existing terms to determine whether the exercise should proceed.

He also dismissed reports that RHB Capital's seeking a cash portion in the merger deal as one of the reasons for the proposed deal likely to be called off.

"There is no truth to that. Right now, we are evaluating whether to proceed with the merger based on the existing terms. There has never been any discussion on any change in terms," Nazir said.

He said this after launching CIMB's special report on the Association of Southeast Asian Nations (Asean).

The report is entitled "Re-drawing the Asean map : How companies are crafting new strategies in Southeast Asia".

Nazir's comment came amid rife speculation that the CIMB-RHB Capital-MBSB merger might be terminated.

Yesterday, The Edge Financial Daily reported that the CIMB-RHB Capital-MBSB merger was off and an official announcement was expected before the end of the week.

The Edge Malaysia business and investment weekly (Edge Weekly), in its latest January 12-18 issue, also reported that there was a strong possibility the merger could be called off due to the economic landscape becoming tougher, and the fact that RHB Captal was seeking a revision of the terms after the substantial fall in CIMB’s share price since the structure of the merger was first announced on October 9 last year.

merger proceed...

Posted by 8illionaire > 2015-01-14 14:29 | Report Abuse

theedge editor should fire the author who "leaked" the totally wrong info. that misled the public

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

MBSB is an attractive asset...for the merger

Posted by aliyusof > 2015-01-14 14:50 | Report Abuse

Look at MBSB very good profit records for past few years, low PE ratio, reasonable dividend yield and 64% shareholding by EPF......nothing to worry as a stand alone fundamentally sound counter, with or without the mega merger. Do not worry, it could be either merged with Maybank or be given a banking licence in the future. At current price, it is not expensive at all. Investment gold finger Tan Sri Chua Ma Yu holds a very substantial stake in MBSB. Will not go wrong investing in this counter. Its intrinsic value is easily RM 2.80. Its debt exposure to IMDB is very small, 2.3% vs. 50%+ for Maybank and 30%+ for RHB bank.

Posted by force > 2015-01-14 15:11 | Report Abuse

Selling force come

Posted by cipapo > 2015-01-14 15:14 | Report Abuse

selling force in cimb

Posted by watch333 > 2015-01-14 16:32 | Report Abuse

Mbsb profit is touching 1b soon, even stand alone is a good investment.

Posted by aliyusof > 2015-01-14 16:46 | Report Abuse

If cimb not taking mbsb, Maybank will. Main clients of Mbsb are government servants, good captive business. Rock solid becos EPF owns 64% of it. EPS of mbsb is impressive, PE ratio below 6 and DY at abt 5% at current share price. Should be more worried about RHB performance.

Posted by The One > 2015-01-14 16:48 | Report Abuse

Whatever it is, Mbsb is undervalued currently due to the psychological nature of the called-off merger.

Posted by kakashii > 2015-01-14 17:34 | Report Abuse

Now that Nazir himself made public denial of merger been call off. MBSB now 2.16 against cash offer of 2.82.

Posted by cipapo > 2015-01-14 17:34 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/01/14/Outcome-of-CIMB-merger-deal-to-be-known-by-this-month/?style=biz

KUALA LUMPUR: The outcome of the merger talks among CIMB, RHB Capital and MBSB would be known by the end of the month, said CIMB Group chairman Datuk Seri Nazir Razak.


"We will make an announcement very soon. The talks have not been called off and it is still ongoing at a very intense stage now," Nazir said on Wednesday.

The revenue synergies of this merger have been mentioned before may not be much and it is more of cost synergies. Although the cost synergies may not be effective translated an economic environment that is not doing so well," he added.

Asked if there was a broad buy into this merger from the other parties he said that he was not in a position to comment on that matter adding that more details will be made "very soon".

MBSB: big angpow

Posted by The One > 2015-01-14 17:42 | Report Abuse

So.. On or Off? Decide please.. this is not play play matter.. lol.

Posted by kakashii > 2015-01-14 18:00 | Report Abuse

Syndicates were responsible for spreading false rumour regarding the merger call off. Even with Nazir denial, many still doubt. But for those who bought yesterday like me, the reward is definitely worth.

Posted by Vic Lee > 2015-01-14 18:56 | Report Abuse

银行世纪大合并告吹!
联昌国际(CIMB)与兴业资本(RHBCAP)双双发布文告，宣布终止大合并谈判。拖拉了一阵子的合并可能胎死腹中疑云，终于有了答案。
2家公司并没有给予合并失败的理由，只表示无法为涉及各造的股东创造更高价值。对市场而言，这只是一种表面的说词。

Posted by Vic Lee > 2015-01-14 18:56 | Report Abuse

panic selling in MBSB again

Posted by jacklintan > 2015-01-14 18:57 | Report Abuse

Even with merger calling on, Price RM2.80 onwards seems impossible.

Uncertainty like this, is what makes Investors angry....
Magazine The Edge should write a apologetic note to public for the false news. Why not until now...?

Posted by 8wpwtmt8 > 2015-01-14 18:57 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1852129

Very, very, very sad news. The board of directors of CIMB announced that the merger will be aborted!!!

Posted by RedEagle > 2015-01-14 19:00 | Report Abuse

finish dream 2.82

Posted by 8wpwtmt8 > 2015-01-14 19:00 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1852137

Very, very, very sad news. MBSB was informed by CIMB board of directors that the merger is officially aborted!!!

Posted by jacklintan > 2015-01-14 19:06 | Report Abuse

Maybe the 3 banks really did wanted to call off the merger due to the current economic factor...and in longer run it's not going to be a profitable banking business looking at escalating higher debts in lending and GST.

Najib,have hinted to do some changes to Budget 2015. All due to flood in east coast. More money going to pump out to help to build back the states, their water loji systems, infrastructure and etc.

The merger will expected to take longer time to come into effect.