The privatisation rumour has been in the mkt since early last year and nothing announced. Probably just rumour to attract attention. MBSB & EPF denied each time Bursa queried them.
new product?car loan product?info from mbsb staff : car loan business is already running for so long in mbsb but still haven't formally launch and not yet declared to news
Malaysia Building Society - Upbeat On New Products FV 3.15,see below extract from kltrader | Publish date: Mon, 11 Mar 10:42 Extract from RHB Research, 11th March 2013 According to news reports, Malaysia Building Society (MBSB) says it has no immediate plans to apply to become a Development Financial Institution (DFI). This was in response to speculation that have fuelled a >10% surge in its share price over five market days last week. We maintain our forecasts and BUY call, with RM3.15 FV, but keep a keen eye on response to the bundling of MBSB’s new personal loan product, in which lies some upside potential, on top of our FY13/14 loans growth forecasts of 22%/17%..................
part of rhb privatization plan, if become true, very strong catalyst as it can go private all together by epf; which currently holding 70% stake in mbsb now!!
At 2.89 now for MBSB, and CM at 14.5 sen, the call warrant is trading at a discount of 3.5%, with a gearing of 10. It means that if you keep CM to expiry in 7 months time, and the price of MBSB stays at 2.89, you make 35%. Of course one can sell it before it expires. Incredible, but why like that one ah?
Posted by kcchongnz > May 6, 2013 11:23 AM | Report Abuse X MBSB CM, a value call warrant? Price Ex-Price Ex-Ratio Expiry date Premium Gearing 0.145 2.500 2.000 29/11/2013 -3.5% 10.0
At 2.89 now for MBSB, and CM at 14.5 sen, the call warrant is trading at a discount of 3.5%, with a gearing of 10. It means that if you keep CM to expiry in 7 months time, and the price of MBSB stays at 2.89, you make 35%. Of course one can sell it before it expires. Incredible, but why like that one ah?
Anyone who have bought this CM yesterday would have made a return of 50%, just in a day. Are there any other value call warrant? Why not look at AirAsia CY?
At 3.04 now for the price of AirAsia share, CY is selling at a discount of 2% with a gearing of 10 times; some more with half a year more to go before expiry!
If it's on an uptrend, then there might still be something left for you. But it looks rather risky - as you had said, you might have already missed the boat. If those who came in earlier cash out, you will be left holding the bag as the price slides. And it's now at the psychological barrier of 3.00 - it's always difficult for any counter to overcome this. Take Astro before the GE, for instance, where it spent weeks below its stiff resistance (also 3.00) with several pullbacks before finally pushing through.
this counter is this worth keeping for long term hold. After x-date will go up. Last quarter results impressive and consider one of the cheapest non banking stock.
MBSB CM - Aiya was about to enter when sifu kcchongz brought this to attention yesterday but hesitated due to low volume. Today jumped so high......truely disappointed :(
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....
prc4wifefe
3,564 posts
Posted by prc4wifefe > 2013-03-08 09:24 | Report Abuse
heard there is privatization???