Won't be below 2.00 . As long as Rhb maintain at around 9.00.

Pull back in the market, weaker ringgit, small n medium fund out flow and for Osk fear factor kicks in.

Sorry, I mean well said. Must be getting too old for all these.

We'll said babu.

It is a fair price to pay now at 2.14. If no merger, down to 1.75 and if merging 2.75. Can go up 60c but can only go down 40c. Not long to wait.

It is like flipping a coin, head Rhb wins and tail Osk wins, everything takes time.

Banks borrow money to make money. The cost of borrowing will be lower for the larger merged entity. Stockraider knows ong has increased his holding of osk shares from 30% to more than 40% within a year. Hope he will offer you a fair and reasonable price this time if he takes Osk private.

Make u panic!

I feel very sad n sorry for those who sold Rhb yesterday at around 8.75.

I feel very sad indeed for those who sold yesterday at around 8.75.

That is why Osk holding is valued at below NTA. It is at a discount because of uncertainties. With perfect information Osk holding would not be trading at a discount of NTA. It depends on how much risks you are willing to take when you are investing. Going forward, you have to ask questions like, if no merger were to take place, what would Osk plans be? Azlan88 has already explained to you if a merger were to take place, what Osk will do. What are ong's plans with the merged entity shares? Ong has already said Osk will acquire new business. Being a small company in terms of its business today, big funds will not invest in osk holding. Ong has to change this. Please read what I have written earlier.

It was a typical day when investors panic, Rhb shares were sold on news that it was the acquirer. To these investors it was bad news as Rhb has to issue more shares. They do not understand it was just a way to get around Aabar. They failed to understand that this is a merger between the 3 banks, and 1+1+1=4. On seeing Rhb shares retreating, Osk shareholders panic. To these investors this merger is the same as the usual take over, they have no idea what Rhb will have to do to merge with the other two. It is dangerous to invest without fully understanding what is a merger and what is an acquisition. They failed to understand what was the objective behind this exercise. Do you think with all the experts, from both Rhb and Osk investment, that they will undertake this if it is at a disadvantage to Rhb. When news was out, Rhb was value at 10.00=1.4 NTA , they started buying Rhb shares. When news was out that Rhb will be the acquirer, they started selling. They fail to understand it is good news the merger is on. Azlan88 understand Rhb will be worth more after the merger.

All Plc are required to follow accounting standards when calculating NTA.

Rhb at 1.4 FY14 forecast should be around 10.00. Should not use book value at 30th June,14 as Rhb approaching 4th qtr next month.

Rhb 1.4 book value. Book value should be based on FY 14 forecast which is around 10.00. Remember Rhb will be on to 4th qtr next month. Book value on 30th June,14.is over and done with.

If you have the holding power, hang on to ong's back and don't let go. He will have to carry you through this.

Ong might sell 50% of the merged entity. Osk holding takes over osk property. Ong takes osk holding private. Game over. Both osk holding and osk property taken private by ong, objective accomplished.

Don't forget what season investor stockraider said, you have to understand where the company is heading. Ong has plans for osk. Even if no merger were to take place, osk is worth hanging on to unless you have a better stock to buy. Opportunity like this is few and far between. Stockraider said, you need to take a bit of a risk, like a gambler, to be a true master. It is calculated risk which he is referring to. He researched his findings, his reasoning is based on this and he has the confidence to stand by it. I know it is so near but yet so far.

Rhb volume today was 4.424m. On 9th. July it was 1.443m and on the 10th. July it was 3.055m. You only get this type of volume when something is going to happen. Mbsb volume today was13.92m. On 9th. July it was 8.328m. Cimb on 5th. Sept was 11.423m. On 20th. August it was12.857m, news out on 22nd. August that rhb might be the holding company. On 7th. July was 6.157m,on 8th. July was 12.566m and on the 9th. July was 7.6mil. I hope you don't have long to wait.

It is a lot easier to sell 2.8% of the enlarged entity where there is a demand for it than the 9.9% of rhb now without affecting the price of the share. Ong can sell to institution investors. Do keep in mind 2.8% of the newly merged entity, where cimb and mbsb profits are brought in, will not dilute eps as much as some think. More importantly it is future profit everyone should be thinking about. I am assuming rhb is taking over the other two by issuing more shares.

Osk with it's current business does not have the cash flow to increase divi. Look at cash flow statement. That is why looking forward ong needs to acquire new business. Rhb shareholders have been complaining about the amount of divi received. Don't forget ong will benefit from osk increase in divi. If osk were to stand still,opportunity would be lost just by holding rhb shares for it's divi. Who will benefit most from the increase in osk share price? If ong were to take osk private in the future, most or all of the minority shareholders now know how much osk is worth.

Before you have to pay tax on the divi, you received net of tax. Now no tax deducted, single-tier. For tax payer, the divi has increased by 25%.

It is like holding on to a 1st price lottery ticket, yet to be claimed. The price is worth more than the printed paper. Wait for ong to claim it.

Without the investment arm, osk became a small company and big investment funds have a policy of not investing in these small companies. Ong used this as an opportunity to take osk private when the share was sold down as he could see the intrinsic value in the stock. Now, he said osk will diversify by acquiring new business. Osk property will come into the picture naturally. Profit wll increase more than if osk were to receive dividends from rhb shares. With more profit, more dividend can be given. What do you think will happen to osk share price? Ong can use rhb shares as collateral. Osk does not have to issue new share therefore no dilution in eps. Before he knew 7.36 per rhb share was too cheap to be given away at that time. There were potential increase in rhb share price to be had. He is what he is today because he has the fore sight to see this, that was why he said he was in it for the long run. At the end of the day he is a businessman, he did not keep rhb shares because he fell in love with them. Just like today, some investors panic when no announcement was made. They sold towards the end of the afternoon and afew took advantage of this by selling down the share to 2.26 and they have to buy the share back up to 2.30 at the end of the day. You could see how volume jumped from around 400k towards the end of the afternoon to 757k at the end of the session.

What I meant was osk holds less than 10 percent of rhb. Mr. Ong fighting for minority shareholders.

The merger proposal will be presented to shareholders that is why EPF would like to vote on it. Rhb is objecting because it holds less than 10 percent.

Cimb chief exec Badlisyah Abdul Thani said cimb have to pursue a larger balance sheet through the merger or something else. He did not specify what this something else is, as anything else would take a much longer time for cimb to achive it's objective. Time is money. For example, issuing new share without the proportionate increase in profit will dilute the eps of cimb and if cimb were to borrow this money, cimb have to pay interest. By bringing in rhb and mbsb, they will contribute towards the enlarge entity's profit,expertise,cost saving,customer base,brand name and the financial muscle to compete globally and in providing new services. The pros of this merger out weight the cons, that is why Nasir proposed the merger in the first place. The only obstacle is Aabar. Judging by the increase in volume and spike in share prices of cimb,rhb,mbsb and osk around the 18th and 19th of August before the final announcement, I would say it is highly likely that the merger has been agreed on.The next step as Nasir said, is to present this proposal to the shareholders. Incidentally,there were also an increase in volume and share prices of the 4 entities before the merger announcement back in July. Osk started on 24th. June, Rhb on 20th. June, Cimb on 24th. June and Mbsb on 27th. June. My prediction is based on information that is available to everyone. Anyone can do a bit of calculated risk when investing. From what I have been reading about your comments, I can see that everyone has common sense.

There are traders out to make a profit everyday, they will sell the share down and pick it up later in the day. Some will sell it down in order to accumulate this share on the cheap. You can either join them to sell the share when it is high and buy when the share is low or just hold and wait for the announcement. You need the experience and the skill of a day trader in order to trade daily therefore it is a lot safer for normal investors to have a longer time frame in holding the share. It is a waiting game. Dividend, take it as a bonus in holding the share, it is still better than putting your money in the bank.

Cimb chairman confident merger will be done. Bank negara gov would like to see mega islamic bank providing new services to the world. Big investors have bought in the first round, now waiting for confirmation before moving in for the final kill. All big funds cannot afford not to have a share in the mega bank. A value has to be given to rhb share in this merger for aabar to agree on. It does not matter which bank is taking over. Just be patience you will be rewarded handsomely like aabar.

Azlan88 is correct, does not matter who take over who but you still have to put a value to rhb share. Aabar objective is to make money.

Divi is single-tier.

9.9%rhb=2.2%merged entity,no dilution. Question now is, how to make Akbar happy.