Panic buy? It's not even real profit, it's DTA. Fund managers are educated people. If it runs good for you, if it doesn't the reason is staring back at you, Profit before tax 67% lower than previous quarter.
For the full year, MBSB's net profit climbed to RM1.02 billion, 70% higher versus RM597.57 million a year ago. Revenue expanded to RM2.61 billion, up 2.76% from RM2.54 billion last year.
MBSB today released it 4th Q result have draw some mix reaction justified by the long tread in i3. That's why price movement is a bit stagnant today compare with previous closing. Always made ur own judgement when it comes to investment whether BUY / SELL.
MBSB is a fundamental base counter and i believed that most retail players do average down during the recent drop. Many do adopt Alas Long strategies to reduce the exposure and will reposition them self later. It needs more patient to clear the hurdle be4 propel to further height.
I'm learning to be an investor and from my experience the current price still have rooms to growth justified by the FY14 result and years be4 that.
i) 30% Dividend payout policy is fair and will not dampen future growth. ii ) FY14 is more than decent to me and pls remind that there is still RETAIN Earning 70% iii) Recent correction did provide a good entry point for MBSB and for those who still believe that it might be a target of MGO in future, current price is indeed a save price to act. ( Industry norms is 1.4 / 1.7 Book Value )
Bottom has been reached and tested. Now it is uptrend and will be supported by the dividend . Anytime mbsb can be takeover by maybank or public bank (over-capitalized) .
CIMB miss the 3rd chance to takeover. Means game-over for CIMB. Let other banks to have the chance. Furthermore, i think mbsb will get their bank license soon and become a full bank.
• me rather buy n hold to tis counter rather than to those gorenged n some even UMAed counters where the companies also not aware the cause of the price movement.. lol
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....
The One
2,949 posts
Posted by The One > 2015-02-16 17:54 | Report Abuse
P/E is only 5.75 currently.. so upside potential is high. Let also look at research houses comments and TPs tomorrow..