Lock profit first. Tq 0143:)

Ok @wilsonchan87.i Tought u hv insider news.haha

Loyal investor will be rewarded handsomely..dont worry:)

@fl888 source?

Sure not will roket? Volume keep increased but price still play between 22-23 sen..not much difference

@wilsonchan87, where do u find news on the egm? I couldnt find any

Still on holiday mood

Join the party:)

Lock in profit first..will consider to enter again at bottom.

No more power already

What happened to this counter?

Aiyoo when gonna release the report?

How low can this counter go?

Nice. Already move

Good or not? Volume look not so strong

When they gonna release the result?

Keep on buying

Volume has increased. People start collecting. Loyal investor shall be rewarded. Dont worry. Good luck all

Im monitoring this counter

@redeagle but no one willing to sell. I q @1.11 since this morning

PETALING JAYA: Kenanga Research cautioned that the proposed merger between Malaysia Building Society Bhd (MBSB) and Asian Finance Bank Bhd (AFB) might result in lower return on equity (ROE) and correspondingly lower valuations for the MBSB group.

Hence the research house said it is less positive on the deal, despite MBSB being on track to create the second largest Islamic banking entity.

MBSB’s acquisition of AFB for RM644.95 million will be satisfied via a combination of RM396.89 million cash and the issuance of 225.51 million new MBSB shares at an issue price of RM1.10 per share.

Kenanga Research also pointed out that the valuation of 1.3 times price-to-book value ratio (PBV) seems to be steep for a small banking entity with the industry average trading at 1.4 times. However, it said the merger will create the second largest listed Islamic banking entity after BIMB and is cheaper than BIMB’s PBV of 1.8 times.

It said as MBSB’s forward shareholders’ funds are expected to be higher by RM197 million from RM6.724 billion to RM6.922 billion based on the proforma accounts, its ROE for FY18 is estimated to be slightly lower by 21 basis points to 8.26%.

Based on the illustrative numbers provided, Kenanga Research views the proposed development as neutral, as earnings are unlikely to be significantly accretive in the short- to medium-term. Pending final approval, it is maintaining an “outperform” call on MBSB with a target price of RM1.45.

MIDF Research, however, opined that the valuation of the merger is fair, premised on valuation of previous financial sector mergers of about 1.4 times PBV.

MIDF Research, which is maintaining a “buy” call on MBSB with a target price of RM1.50, said the proposed exercise will result in the acquisition of AFB’s deposit taking license and the full bank license will allow MBSB to tap into financial services, which it could not offer, such as trade facilities, CASA deposits and interbank instrument.

In terms of the new share issuance, MIDF Research said the dilutive effect will be minimal and can be compensated by the increase in its future value.

It said the future looks rosy for MBSB given the encouraging progression of Islamic finance in the region. MBSB is expected to obtain its full Islamic status in two to three years pending completion of the transfer consideration.

The link been removed. Couldnt find
Pls ignore if he didnt buy. Sorry. maybe my mistake.

Can some one explain why coldeye interested in this loss company?tq

Jadi or not?

What signal?

1.17 extremely cheap for a bank.if drop more i will add more until my last bullet

Jadi or not?

If no news and no suspend then opportunity to buy.dont miss the boat again. Cheers

No..mbsb will take longer than that to expand to asia.they will. But first need to strenghtening their name in Malaysia first before tapping asia market

Just another 1 more day and we will know the news. In the meantime lets enjoy our weekend :)

Good luck to all of us here

Pray the best for our investment:)

Ofcourse good news la

http://klse.i3investor.com/m/blog/stanleysim/129093.jsp

Most pm counter slow now

Confirm topglove will take buy comfort?

Al-coma?
paid bonus generously and suddenly koma.

How you get T.P 4? Just curious

Ok:)

Nothing much can help without any good news.

Hope can touch rm1 tomorrow and make us comfort:)

The only reason mbsb want to merge or buying other is to get the banking license. From there mbsb can get for cheaper cost of fund, offer variety of product so that mbsb can move futher . Mbsb itself is already a profitable company. Cheers

Congrats all..happy weekend:)

Cheers to every mbsb shareholders. Keep pray the best for our investment:)

Yes force it may due to market rebound. But how bout you? Do nothing and pray for everyone make loss. Pity you.

Why suddenly vol up?

Show time:)

Nice:)

Wow seremban...who are you? One of MBSB senior manager ke? :)

Almost rm1

Bila mau gerak woiii

That was last year story haizul