MBSB (1171): Financial Annual Results (Unaudited)

Besok naik atau jatuh ... ? Masuk semula jika jatuh ke harga kurang drpda 70 sen

2 weeks ago

HugoUPUPUP

WTF, all stock drop like shit

2 weeks ago

Telah pijak ekor Yippy hahaha

2 weeks ago

Dah naik balik. Nampknya boleh kutip sikit sebelum ia picah 80 sen semula

2 weeks ago

50sen, i sell everything, all in Mbsb

2 weeks ago

This stock is Terrible Undervalued

2 weeks ago

Undervalue banking stock
You won’t get a banking stock this price level
RM 2.50 in 24 months

2 weeks ago

HugoUPUPUP

Aug 30 will announce 2nd quarter? 24.2 millions rugi will count include ?

2 weeks ago

There are 10 banks in Malaysia
Only MBSB below rm 1
Dividends for 2023 is 3.5 sen
Most probably 4- 5 sen for 2024

1 week ago

MBSB is banking stock and involving billions in business . Management got aspiration to lift up their business and profit.

1 week ago

No need to worry
EPF and PNB holding 70%

1 week ago

Price to book value 0.68
Under value growing company and 30% minimum dividend policy

1 week ago

this massive undervalued stock

1 week ago

MBSB menawarkan lebih banyak perkhidmatan kpda syarikat pembinaan 🙂

1 week ago

Bintai Kinden defaulted on 100m loan from MBSB?
MBSB has been giving loans to some parties that has defaulted. Quality of loans not too good from these defaults.

1 week ago

Please provide some prove instead of cakap cakap kosong

1 week ago

M55555

0.50 tak mahu, 0.60 tak mahu, 0.70 tak mahu, 0.80 tak mahu, 0.90 tak mahu , last week kasi satu chance lagi 0.73 still tak mahu.. No need to talk bad , and stop looking at the counter. Now already back to 0.81 ....Buat apa sakit hati . Even if someday turun balik , then still want lower.

1 week ago

Bagus, naik ke 8x sen semula

1 week ago

kllee

0.85 coming

1 week ago

Bursino

Cumming

1 week ago

rm1 orgasm

1 week ago

@M55555, well said. those are the born losers. dare not buy when price is cheap, just let them be rotten.

1 week ago

Hi speakup,
About Bintai Kinden, it's in the NEWS AND BLOGS MBSB..
klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-08-01-story-h-155229857-Bintai_Kinden_Receives_Nod_for_Restructuring_of_Banking_Facilities

1 week ago

MBSB should do well..but they also must do quality loans.
Too much bad quality loans will affect their bottom lines

1 week ago

Too many bad debt is not a good sign to MBSB bank.

1 week ago

Giving any credit term to customers must be very cautious and not to be too greedy . As a newly established bank, MBSB Bank receiving lot of deposit with good rate, has to loan out to make the different , slight mistake will end up bad debt.

1 week ago

Rm 3 will coming soon

1 week ago

90 sen semasa kptusan q2 keluar

1 week ago

Syok man Bulat Bulat...
Whoa, Rm3....😲😀..
Bila Bulat..
I dah beli. Tunggu saja..Pun dapat dividend2...👍💪

1 week ago

Yippy68, you are correct...
One wrong loan, 200m habis, Nanti write off. They have to lend cautiously or else shareholders loose out..
MBSB have to be very careful..
Maybe they should have a external lending committee to checks and balances..
Top CEO and below can make mistakes!!

1 week ago

Inexperience bank easily cheated by cunning businessman

1 week ago

Cockcroach

MBSB — a growing bank with an appetite for M&A
By theedgemalaysia.com / theedgemalaysia.com
17 Aug 2024, 12:16 pm

KUALA LUMPUR (Aug 17): MBSB Bhd’s (KL:MBSB) merger with Malaysian Industrial Development Finance Bhd just over 10 months ago helped solidify its position as the country’s second-largest stand-alone Islamic bank by assets after Bank Islam Malaysia Bhd (KL:BIMB).

Yet, it remains a relatively small player in a highly competitive and crowded market, where net profit margins have been on the decline — a fact that is not lost on its key shareholders. MBSB is 57.45% owned by the Employees Provident Fund (EPF), and 12.78% owned by Permodalan Nasional Bhd (PNB).

In an exclusive interview, MBSB chairman Datuk Wan Kamaruzaman Wan Ahmad reveals that the shareholders aim to have the group undertake further mergers and acquisitions (M&A) down the road. He does not discount the possibility of it happening within the three-year time frame (2024 to 2026) of MBSB’s strategic business plan.

The plan, code-named Flight26, is ultimately aimed at having the group reach a return on equity (ROE) of 8% by end-2026, from 2.9% last year, on a business-as-usual basis.

“The shareholders are ambitious. I think they still want us to grow,” Wan Kamaruzaman says during The Edge’s interview with him and the bank’s top management — group chief executive officer Mohamed Rafe Mohamed Haneef and group chief financial officer Shahnaz Farouque Jammal Ahmad — recently.

In the meantime, though, MBSB’s unwavering focus is on executing the Flight26 strategy, a key element of which involves the bank chasing Casa (current account and savings accounts) deposits to reduce its high cost of funds.

Ever since last year, MBSB has been making big changes to its management, injecting new blood to start afresh.

In the interview, the group’s top officials talk about their transformation plans and what they need to do to meet the 8% ROE target. They also address the issue of fraudulent deposit withdrawals in Kota Kinabalu amounting to RM24.2 million in June, which they say will not have a significant financial impact on the group.

Get the full story in this week’s issue of The Edge Malaysia.

Read also:
Mohamed Rafe appointed MBSB Bank CEO, confirms The Edge report

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1 week ago

Cockcroach

Buy more

6 days ago

bowman

The fact that its major shareholder is the EPF says volumes of its capability as a financial institution. You have seen its dividends the past year which gives about 10%. You have seen it taken the MIDF under its wings. You have seen it rising from 0.58 to current 0.83 levels. Today, it is testing the 0.84 ceiling and momentum is strong with buyers in control. Breaking this will mean the resumption of its up trend, with next level being 0.90

5 days ago

Bursino

Don't feel despair. Darling Maybank up 20 sen. Maybank is 12.5x more expensive than MBSB. For the same amount of funds, MBSB up 4 sen is equals to sum total of 50 sen.

5 days ago

vijay99

the moment we are not feeling too happy when price goes up , and we are not worry or scared when the price comes down , is a sign that we are 100% confident of this share..MBSB is one such gem...just park and forget it for next 3 years

5 days ago

Japan carry trade issue is bullsh*t just to get weak holders sell cheap

4 days ago

Next time drop = tambahhhhhhh

4 days ago

Rafe Haneef dilantik CEO MBSB Bank. Dia ada dua pangkat 😁

https://malaysiagazette.com/2024/08/19/rafe-haneef-dilantik-ceo-mbsb-bank/

4 days ago

Slow and steady go past mr1. And hopefully stay above mr1. Then next target is MR2...😝

3 days ago

MrFox

3 days ago

kllee

If ROE can improve to 7% - 8% , mr 1 ++ should be no issue .

3 days ago

Roe 7-8 not issues. Now no issue too. If you have money you can buy untill rm 2. No need wait for durian jatuh

2 days ago

This counter better BUY !
Is a BUY...
Dont miss the boat ?

2 days ago

ShareFortuneTeller

All bank counters up already, MBSB would follow suit/market trend.

2 days ago