Posted by jacklintan > 2015-01-15 10:21 | Report Abuse

kakashii very pandai do promotion hor...

Posted by aliyusof > 2015-01-15 10:41 | Report Abuse

Is RHB exposed to bad loans of Perwaja/Kinsteel? Total exposure a few RM billions? Can check their annual report. Mbsb better buy

Posted by 8illionaire > 2015-01-15 10:45 | Report Abuse

expect closing to be in the green =)

Posted by kakisaham > 2015-01-15 11:03 | Report Abuse

closing to be 2.20

Posted by kakisaham > 2015-01-15 11:12 | Report Abuse

Buy..buy..buy....petang ada mali..buy

Posted by member41 > 2015-01-15 11:25 | Report Abuse

Looks like willl ding dong around this level... waiting qtr result

Posted by kakisaham > 2015-01-15 11:54 | Report Abuse

sikit2 mari...petang,pasti kuat mari

Posted by cipapo > 2015-01-15 12:39 | Report Abuse

Now maybank will launch a takeover discussion with mbsb

Posted by Joel > 2015-01-15 12:40 | Report Abuse

下午应该会turn green@MBSB.
Expect goto rm2.25 above。

Posted by force > 2015-01-15 12:58 | Report Abuse

Got so good maybank will take over meh... sure epf will disagree la

Posted by The One > 2015-01-15 13:39 | Report Abuse

Mbsb is very undervalued currently. Looks like panic sellers wiped out and high probability it turn green after break coupled with higher TP by Kenanga today.

Posted by drkervokian > 2015-01-15 15:10 | Report Abuse

i agree with member41. will now go back to MBSB old ding dong price of 2.10 -2.20
a) price pushed down by greedy directors who keeps on issuing ESOS and then sell off in the market.
b) price picked up again by the market in anticipation of dividend history repeating.

Posted by Fong Kh > 2015-01-15 15:20 | Report Abuse

not this week

Posted by cloud > 2015-01-15 15:31 | Report Abuse

What la... ESOS issue everyday, don't know when to stop. Otherwise, price will not go up :-(

Posted by Joel > 2015-01-15 15:48 | Report Abuse

MBSB (MBS MK; OP; TP↓ RM2.65 based on blended PB/PE ratio of 1.5/9.1x).

We were caught by surprise
that the proposed merger of CIMB Islamic, RHB Islamic and MBSB was also called off, given that the proposed
creation of the mega-Islamic bank was independent of the CIMB-RHBCAP merger and acquisition. Since the deal
is a no-go, we are reverting to our former TP of RM2.65, which was derived based on a blended PB/PE ratio of
1.5/9.1x. The P/B ratio applied is 2SD below the group’s 2-year mean in anticipation of lower ROE of
21.6%/17.5% for FY14/FY15 vis-à-vis its 3-year range of 34%-43%. The P/E ratio, on the other hand, represents
the group’s historical average P/E ratio up to end-2013. To recap, we are expecting diversification into the
corporate business lending segment which seems to be showing promise with corporate loans stock at end-Sept
2014 standing at RM4.8bn. Asset quality, however, remains a concern. Nevertheless, management appears
committed to enhancing its asset quality especially in the personal financing segment. Hence, the GIL ratio may
improve (9M14: 7.5%).

At current share price levels, such concerns would have been fully factored in.

Posted by The One > 2015-01-15 16:26 | Report Abuse

Agreed.. but noticed a lot of "104" are pushing down its price. Cimb went up tremendously while Mbsb drowned.. so unfortunate.

Posted by greendragon > 2015-01-15 16:40 | Report Abuse

Hi The One, what is "104"?

Posted by Joel > 2015-01-15 18:06 | Report Abuse

At current share price level, such concern would have been fully factored in.

换言之，任何时候MBSB股价都会rebound technically.

Posted by force > 2015-01-15 19:32 | Report Abuse

This year not financial year... banking field have to be careful

Posted by force > 2015-01-15 19:34 | Report Abuse

Just sell mbsb n buy cimb untung la

Posted by force > 2015-01-15 19:35 | Report Abuse

Plan to sell cimb soon

Posted by twngxxxx > 2015-01-15 20:24 | Report Abuse

since merger deals is off, this month end it will announce dividend FY2014.
Interim,final dividend = 24 cents
Cheer.........

Posted by force > 2015-01-15 20:31 | Report Abuse

News from my friend again, I think dont expect so good ah...

Posted by force > 2015-01-15 20:33 | Report Abuse

Like I say my friends work in this company so the day I tell u all the merger will fail.

Posted by force > 2015-01-15 20:33 | Report Abuse

Go ahend if not believe me again

Posted by Joel > 2015-01-15 20:56 | Report Abuse

1。MBSB 继续放眼转型为银行机构。
Major Shareholder@EPF 极大可能还会有其他资产注入当中计划里头！

2。MBSB 的现有贷款额继续享受具吸引力的净利息收入。

3。要得自己来判断MBSB。别受他人影响你投资情绪。

Posted by Joel > 2015-01-15 21:06 | Report Abuse

http://biz.sinchew.com.my/node/108898?tid=6

馬屋業期待新買家

分析員認為，馬屋業是最大輸家，畢竟估值不復當初設定的2令吉28仙，除非再成併購目標，否則短期不會出現新指引因素。

不過，他們也指出，由於這些利空早已反映在股價上，所以馬屋業繼續下滑的機會不高。

他們補充，轉型為全方位銀行計劃的進度，可能為馬屋業引來購興。

點看全文: http://biz.sinchew.com.my/node/108898?tid=6#ixzz3OtYrkiEP
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Posted by RedEagle > 2015-01-15 23:11 | Report Abuse

KPi for MBSB Profit B4 Tax 1Billion for 2014.. we will see either MBSB can achieve or not.. Target EPS 0.28 for this yr.. hope they can achieve..

Posted by jepun_77 > 2015-01-16 09:19 | Report Abuse

Hi RedEagle..long time no see..sure they can achieve..

Posted by cfoong > 2015-01-16 10:19 | Report Abuse

dunno... glut feeling it will drop below 2 soon!...af the deal called off... otherwise, it wont have tht kind of fears... and those sharks will start collect it below 2... i hope i m wrong... the thing will go worst 1st before bak to normal with the dividen... good lucks...

Posted by josephT > 2015-01-16 11:17 | Report Abuse

Seem like market slowly back to normal after highly down

Posted by josephT > 2015-01-16 11:22 | Report Abuse

cfoong, what is your tp?

Posted by cfoong > 2015-01-16 11:22 | Report Abuse

The EPS for this counter is actually dropping comparing to previous yr due to recent right issues... Therefore, if it can maintain the dividen payout as last yr around 10% (10 sen approx) per annuum..consider..it is satisfactory la...

Posted by josephT > 2015-01-16 11:30 | Report Abuse

I lose many on this counter and MYEG. thought they will rebound back fews days ago. but MYEG today suddenly up and most of us no buying, this counter still drop highly although market is recover. No idea which counter can be buy anymore, total losing 16k this month.

Posted by cipapo > 2015-01-16 11:36 | Report Abuse

that's why don't in out the market too frequently...statistically you will lose money...hold on tight to MBSB and you shall be rewarded

Posted by Fong Kh > 2015-01-16 11:38 | Report Abuse

buy in and sell out agent fee already cost 100 per round trip. Zzz

Posted by cipapo > 2015-01-16 11:39 | Report Abuse

joseph...you can recover your losses in mbsb..just watch..

Posted by josephT > 2015-01-16 12:04 | Report Abuse

I already lose so much, so this time I no buy much, just buy 5 lot to check for market, still need to extra pay for agent trip. That is why I need all sftu giving a strong TP so I will buy back .

Posted by Fong Kh > 2015-01-16 12:05 | Report Abuse

you need to hold a bit longer for this counter.. my sense only

Posted by The One > 2015-01-16 13:26 | Report Abuse

Mbsb has been dropping for 6 days streak.. many peeps have lost hope and money.. what a pity. Any hope for rebound?

Posted by zack_liza > 2015-01-16 15:01 | Report Abuse

now MBSB stop at 2.10...sure next week will rebound 2.20 to 2.35...just buy and keep,...EPF will push like Presbhd....no worry...

Posted by Joel > 2015-01-16 16:56 | Report Abuse

Big vol@ many people q to buy at rm2.09 now.

Posted by The One > 2015-01-16 17:31 | Report Abuse

Yesterday many people queued to buy @2.12 during closing but today still drop.. ???

Posted by me12mo > 2015-01-16 19:07 | Report Abuse

fundamentally this counter is very promising..but i just have no idea why the price just can't soar. I donno whether should i just sell it or hold. Need some input from all the sifus here

Posted by kakashii > 2015-01-16 19:11 | Report Abuse

why sell? Just another 12 days to breaking quarter result with dividend

Posted by cipapo > 2015-01-16 19:14 | Report Abuse

Today is as T+3.... Flushing out the contra past few days ago....be patient... It's coming...

Posted by twngxxxx > 2015-01-16 21:36 | Report Abuse

for all investor reading leisure, what happen before might happen again in future.
http://www.thestar.com.my/business/business-news/2013/02/04/investors-chase-mbsb-shares-higher-after-dividends-plan/?style=biz

Posted by twngxxxx > 2015-01-16 21:37 | Report Abuse

just need to be patience

Posted by aliyusof > 2015-01-17 05:43 | Report Abuse

MBSB sticks to its plan to be a commercial bank
By YVONNE TAN yvonne@thestar.com.my
StarBiz
17 January 2015

NON-BANK lender Malaysia Building Society Bhd (MBSB) will continue to “close all gaps” and move towards a commercial banking platform environment now that talks of a merger with CIMB Group Holdings Bhd and RHB Capital Bhd have fallen through.
“We started the journey to close the gaps (between MBSB and that of a commercial bank) more than a year ago. We will continue with that strategy now that the merger is sorted,” president and chief executive officer Datuk Ahmad Zaini Othman tells StarBizWeek.
The main requirement for the company to fulfil this aspiration is principally, capital requirement.
Currently, its Tier 1 capital stands at RM1.747bil, while what it needs to have is around RM2.5bil based on the bank’s asset base, according to Ahmad.
“Of course, besides capital requirement, operational readiness is also important,” he adds, without giving any timeframe for it to achieve this goal.
MBSB used to come under a more relaxed set of provisioning rules until the Financial Services Act came into effect in July 2013.
Since then, it has been adopting more stringent accounting standards under FRS 139 when assessing its asset quality.
Generally, more loans are being classified under the ‘impaired’ or ‘non-performing’ category compared with before the adoption of the accounting standards.
Ahmad says since the beginning of last year, MBSB has been assessing the company’s non-performing loans (NPLs) based on industry standards of three months in arrears, something that is practised by the best of commercial banks.
“I am sure you will see some of these provisions reflected in our financial year 2014 (FY14) results, but in my opinion, it won’t dent much of the profits.
“As part of our plans to close the gaps, we are also looking at rolling out a write-off policy that would be in line with banking standards,” adds Ahmad.
For the nine months ended Sept 30, 2014, MBSB’s net profit stood at RM622mil on a revenue of RM2.02bil against a net profit of RM464mil on a revenue of RM1.82bil for the same period a year earlier.
It is expected to announce a set of record results for its FY14 soon, something it has been doing over the past few years.
MBSB is better favoured among its counterparts for its strong loans growth and dividend payouts.
It declared 33 sen per share in FY12 and 10 sen per share in FY13.
Analysts point out that MBSB’s financial strength is backed by a continued cost-toincome ratio of below 21% against the commercial banking industry’s standard of above 40%, with its profitability trajectory in the past few years remaining in line with market expectations.
“Its low cost-to-income ratio makes it an attractive target for banks with high costs because MBSB can help bring down the average cost,” says a banker.
Over the past four years, the group has built its asset base mainly from lending funds to civil servants for them to buy homes, which is considered less risky compared to lending to corporates or getting involved in big-ticket-item loans.
As at its latest quarter, it had a net asset value of RM1.58 per share.
At last look, MBSB shares were trading at RM2.09 apiece.
In the aborted merger, the shareholders had been offered RM2.82 per share.
Since the merger was called off, MBSB’s share price has come under selling pressure.
Just before the merger was cancelled on Wednesday, StarBiz had reported that declining market conditions had cast doubts over the synergies that could be derived from the entire exercise, with negotiations turning to whether MBSB should be part of the deal or not.
This was because the takeover of MBSB was supposed to be in the form of an all-cash offer and there were uncertainties as to when synergies could actually be reaped.
CIMB and RHB Cap were less of an issue, considering that the deal between them had been structured as a share-swap exercise, valuing both banks at reasonable price-tobook ratios.
MBSB has a total of 1,300 employees and 46 branches, the smallest player in the triangle of parties that were involved in the nowceased merger.


Copyright © 1995–2015 Star Publications (M) Bhd.

Posted by zack_liza > 2015-01-17 09:48 | Report Abuse

This monday must collect more...sure mbsb will fly...4 qtr will out on 28/1...better result...so,next week 2.20 and above....no problem.....byk murah this level.... i think no more 2.10 and below...