not sure, but Bank Muamalat was given a final warning from Bank negara to lower share holding by Feb 2016....maybe the deal possible to go through...just that Bank Muamalat is so small, doesn't benefit MBSB much.
The DRBHcom need to pare down the holding stake and increased the tier 1 capital ratio in order to fulfill basel banking capital reserved regulation.Mbsb need to convert to full fledged islamic bank due to current competition intensive and widen the products and service ranged.There is much high possible to be merged because less complication compared with mbsb,cimb and rhb merger called off
It has always been MBSB's plan (at least since early 2013 when I first bought into this counter) to eventually become an islamic bank - either on their own or via a suitable M&A deal. So its only natural that they keep exploring options to achieve that plan. Would you expect them to just cancel their plan simply because the RHB-CIMB-MBSB deal fell through?
Iheld on to KAF since last year ..bot at 1.72 and now worth 2.70 since buyout offer is announced...today KAF closed 2.61 so took profit. Similarly I am holding 150K shares is MBSB patiently....matter of time there will be an offer at around the same price...i hope and wish everyone good luck.
But they never deny any on going discussion on merger with Bank Muamalat at any level. They just mentioned no official statement from Bank Negara. This is not how they responded on rumors merger with Bank Islam and KFH.
1 dire for cheap fund source + bank license to expand, 1 dire to reduce stake by next February and also a form of public listing if merge. Synergies is there as no overlapping of business structure and operation. Win win situation for both. Now is all depending on how the shareholders come out with a good deal. Before this DRB want to have control over Bank Muamalat. Maybe they can acquire some MBSB shares from EPF to be the major stakeholder of the new entity and yet still below 40% level.
ESOS will be expire on 11/8/15, there will be a lot of ESOS holder exercise the price at RM 1.01 and RM 1.44. Prices will going down further because of this.
expected lo....till next year 3rd quarter, impairment lose is there. Just accumulate when the price is low. Only excitement in short term is merger if it is true. Or else have to wait till next year today only will Fly.
i thought the quarter result may just be about same or better than previous quarter. who knows worse than my expectation (i.e. worse than previous quarter)
The result is expected weak,same as reflecting 2 quarters previously due to impairment loan loss,but their asset is much more than bank mualamat which already in Islamic banking..
aiya, many banks also lidat lo, they will do it during bad times...then when economy outlook turn positive, things will get better. Bank muamalat also has been cleaning up their bad loans. Same with Bank Islam few years ago. So that the share price will go oversold and overbought. Then only can buy low sell high ma.
As for the result, I think they will increase the impairment lose when revenue is higher and vise versa.
If no confident MBSB will turn into bank then can avoid this counter, if got confident then can always accumulate on weakness. So its depend on our investment style.
Today, MBSB's Q2 result out with profit plunged of almost 60% and the klci fall about 30 points, yet this counter only drop 0.03 cent, seen like someone is accumulating... and the ESOS is extended for another 5 years.. i think something is going to happen in the near future.
Briefing highlights. MBSB said the higher collective allowances made in 2Q15 stemmed mainly from the retail segment after a reassessment of both PD and LGD methodology. In terms of its plan to be a full-fledgedIslamic Bank, MBSB thinks that the bulk of the required Islamic banking platform is already in place. Its conventional books will need to be converted to the Islamic platform, but this should not be an issue. Lastly, MBSB is not in talks with Bank Muamalat on a potential deal.
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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....
twngxxxx
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Posted by twngxxxx > 2015-07-24 14:16 | Report Abuse
2 nd Q profit increase 20%, share price will up 20%