Well, I would expect EPF & other shareholders to have a strategic plan to improve the performance of MBSB if they are to create value for the company and at the same time collect more shares of MBSB.
henry888
Sure they would push to at least 96.52 cents and acquisitions sure would go through as EPF is holding more than 50% of the shares. There is no any other reasons minorities would reject the deal as their share value would increase. This is my opinions.

Did you read properly it is not cash but the issue of new shares to shareholders of MIDF.
wallstreetrookieNEW
It's not even a merger. It is a cash-only acquisition. RM1.01 billion
MBSB is spending 1 billion Ringgit Malaysia to acquire a dying business. Malaysia is in a technical recession and thus the investment banking/debt capital markets will experience further downside.

Why is the market still pumping MBSB shares when it is a 'cash-only acquistion' which means the company would have to use cash reserve or issue more bonds to pay back the premium.

13 hours ago

Should have an upswing in price?
Bumi Armada says Kraken FPSO operating at 90% of pre-shutdown levels
https://www.thestar.com.my/business/business-news/2023/07/20/bumi-armada-says-kraken-fpso-operating-at-90-of-pre-shutdown-levels

A share of MBSB is issued at 96.52 sen to all holders of MIDF shares for the takeover. This is based on the valuation that is acceptable to both parties. It can be the market value if the price hit 96.52 sen later.
pang72
Offer 96.52c? I can't understand..

MBSB 79c now

1 hour ago

All money gone in no time, 1st Phase already RM1.47 billion? There are another 3 phases how many billion MYR more?
This will be the company’s 18th manufacturing plant worldwide and its first in the US. The new 215-acre manufacturing facility will showcase cutting edge capabilities through expanded use of artificial intelligence and robotic engineering. The facility will be comprised of a total of eight buildings.

Phase one will begin construction sometime in the second quarter of 2022 with glove production expected to start sometime in the second quarter of 2023. The company had earlier announced an investment of US$350 million (RM1.47 billion) on the first of four construction phases.
https://www.thesundaily.my/business/supermax-to-build-advanced-manufacturing-facility-in-texas-BA8983636

0 seconds ago

Depending on Tan Seli/Taikor, he is the main driver on how and when the price of his counter is at any time. Dun worry all will be fried by Tan Seli until penniless. Just watch if glove ASP still has not recovered there will be fewer and fewer people interested in this counter and the price has to give way to the bottom. In the meantime, Taikor, will have to create news once in a while to excite punters to support his counter. So price swings as it moves side way ......
UlarSawa
Wow you garanti 60sen sure can get kah. Many IBs and broking house also TP like you leh. They also never say garanti leh. Only making assumptions it will hit their TP leh. Tapi belum hit lagi leh. After next QR they also will revise their TP again leh. Kesian. Haiyoh. Correct?

0 seconds ag

Sanusi dreamed of mega development in Langkawi with this company. Where is the source of working capital?

Battery-operated motorcycle technology is probably assembly. EP performance depends on selling prices to the B40 market. The margin is not expected to be huge.

The possibility of 40 sen depends on whether the owner will support the counter when selling pressure from weak holders cut losses. Meanwhile, the zig-zag price movement will be attributed to the owners driving the market. Returning to the fundamental is very far from the horizon.
SinGor
TopGlove is the "Flatess katak " on the Highway----Run over by a thousand lorries ( RM40 to 86sens )
If you DonT believe 40sen Tp, you are a Aliens from Mars

2 days ago

Should ask LLC and some other bilis-investors, they said it's rubbish management. 5 years of waiting for MBSB to bloom and it is nowhere near their target. Hope the new CEO from CIMB is not another clown.
641003025255
MBSB now in right track, with the good management.

19 hours ago

Good net cash position, and business value almost no cost at current price. Interestingly the company is going to set up a plant in the state. I hope the management will shelve the plan, punters are all observing when the net cash will start to decline when the management starts spending. Good management should declare maximum divi and let the price be adjusted ex divi while waiting for the next global pandemic as they can't create value with the current glove ASP.

Over speculation in this counter, PE of more than 40 at the current price. You cannot be milking the price sky-high, it has to give way somehow. Looks like IB taking a profit.

Depends on what you buy for? Investment purpose sure Fcuk! To ride the wave with Tan Seli then OK, make sure TS won't Fcuk your trade.
UlarSawa
IB also tukang tilik lah. Why must follow their price kah. Kesian. Haiyoh. Correct?

1 hour ago

PBB call sell and price down to 63 sen. Possible could be priced lower since, expected losses for next 1 to 2 years?
https://klse.i3investor.com/web/pricetarget/research/67912

Averaging down? Turnover declining every quarter till the last one. What's the rationale?
Chipee
YES Aberdeen bought 570,500 more shares. Locked in for the long run. Sweeeet...

America is made great again due to the Russian invasion of Ukraine, as long as the arms manufacturers are propping the US economy while the weapons sending home the Ruskies boys in body bags is business as usual.
RInvest
https://theedgemalaysia.com/node/673053

1 hour ago

hahaha to be expected, but any new contracts for SCIB or to take over all Sarawak oilfields from Petronas? Sarawak Chinamen in the BOD. Is SCIB the recipient of all federal contracts of RM50 mill or less to be taken over and awarded directly by Sarawak State as announced by PM Anwar?
Since Mid May 2023, news has leaked. Insider making more than 100%.

TG management made an inaccurate report of glove mart recovery in June 2023 last year. Now we know there is just a small sign of consolidation in the glove mart. Recovery is still a dream. Chinese producers are dumping at USD 17 per 1000 pieces, left to be seen whether cost-cutting measures by Malaysian companies will actually bring down ASP.
Even if the cost savings are translated to lower ASP, will the current stock price be fundamentally supported bearing in mind that most gloves counters have huge paid-ups and therefore volume of share?

Looks like BA is still trying to resolve the problem "further work, testing and investigations ongoing to stabilise and bring the vessel operational performance back to pre shutdown level." So it is still ongoing trouble shooting.

I think you guys dun understand what Warren said. If the fundamental of the stock remains the same, even in times of fear of the market crashing then you accumulate. But not the glove sector now facing glut and overproduction, and therefore falling profits and margin, to be objective.
YourQuirkyWays29
@alenac what is there to fear for industries not affected by sales slumps or bad economic impact? is there such an industry to begin with?
21 hours ago
SonniaFang
Every businesses will undergo their ups and downs, no industries will be unaffected by bad economic or even sales slumps ...
4 hours ago

Looks more like management is unable to determine what is wrong with Kraken breaking down, the reason why the price has yet to rebound. If the problem is resolved, the owner would be pushing the price up immediately if it is under valued.

This advice is given by Warren for industries unaffected by sales slumps or bad economic impact. As for the glove industries, the writing was on the wall long ago.
SonniaFang
Be greedy when others are fearful

Owner and his macai goreng the market up and down lah. That's why there is no logic
Albukhary

This counter really cannot invest.
When u expect it go down, it will go up.
When u expect it go up, it will go down.
When you buy at 90sen, it will go down to 70sen.
When you sell at 90sen, it will go up to RM1.20.
When u buy at RM1.20, it go back to 90 sen again.
When u expect it to go down further to 80sen, it will rebound to RM1.20 again.
Really 估你不到。

It looks like lots in the forum here are merely speculating. No one onboard knew of the exact situation. In the meantime, the price moves sideways.

Market and industry conditions do not lie. Any upwards trust in price is merely speculative.

Nothing significant in the comment just it is reasonable, going forward once the acquisition is finalised, will MBSB management be able to create value from the acquisition? And once that is convinced, will MBSB stocks attract external funds to accumulate, requiring a jump in EPS post-acquisition? MBSB exceeded the RM1 bill of NP in 2014 in the last 10 years. So based on LLC comment, the incompetent bunch of people in MBSB will hardly be able to create value. So why are we here buying the shares and expecting another divi?
CYChong
Another view on MBSB's RM 1 bil acquisition https://www.youtube.com/watch?v=CyYX8nPN1Mk

2 minutes ago

Wow LLC, change of mind, thought you said MBSB has got a bunch of incompetent people managing the bank?
Loy Loy Cheong
At this juncture, trade MBSB on facts and not sentiments.
1. Before acquisition of MIDF MBSB is already trading at PB of 0.5 (or lesser), the most discounted bank in Malaysia, so based on this fact, it has limited down side but huge upside potential.
2. After acquisition of MIDF, earnings increases, revenue increases, based on this facts, the price if continue trading at this level means it is probably 0.3 PB value which to me is senseless to remain at the this price level, it is only a matter of time the market wisdom will sets in to move the price higher as the quarter progress.
3. MBSB already said there is another post merger dividend, when this is finalize and announce, you think you can get MBSB at 65sen?
4. If banks in Malaysia continue its fine run, there is even the possibility of another interim dividend.
5. MBSB is emerging as the biggest or 2nd biggest Islamic bank in Malaysia.
6. High possibility of adding MBSB as an KLCI Index stock in the very near future.
To me, this is the best time to invest in MBSB, not for short term punting but as a mid term investment.

19 minutes ago

Looks to restructure its loans and debts to creditors soon if not waiting for the first letter of demand. Just buying time as waiting for the government to bail out this GLC. The market has priced in that government cannot afford to let it go down. What if the government decide to let it collapse since Pharma supplies only 35% of MOH medicine requirements, then the extended 10 years contract to supply medicine is accounted for in the current price and its GLC status or security.

Looks like problems may not be resolved that soon.

Good morning, Why is anybody still hanging around in TP and other glove counters? Move on to banking and consumers, revisit only when there is a global pandemic.

Time to sell LLC management not good?
Loy Loy Cheong

Still the same story, incompetent management.

1 week ago

Why are funds not updating their forecast or just waiting for the MIDF deal to be approved before rerating? Last year Kenanga called a sell and anyone that followed would have missed the 8.5 sen divi.

The pressure in forging documents is somehow linked to the need to sustain the share price. The guilty directors or owners would have sold most of it in the last run-up. Now too much cheating going on in the listed PLC, it is high time Bursa & SSM reform the market and further increase the penalty for criminal offences.
Besafe
Don't let this con mafia group to cheat your hard earn money. Haha

Cheat & fraud
Ng, 50, was charged with forging invoices and purchase orders, amounting to RM13.829 million, for several companies.

He allegedly committed the offence with manager Cheng Choon Choon at Wisma Revenue, Kepong between May 22, 2020 and Aug 8, 2022.

The forged invoices and purchase orders were for Golden Infor Services, Accucom Solutions PLT, and Omega Dynasty Sdn Bhd.

Ng claimed trial to all charges under Section 468 of the Penal Code before Sessions Court judge Rozina Ayob.
https://www.msn.com/en-my/money/topstories/revenue-group-co-founder-and-former-director-ng-charged-with-forgery-for-cheating/ar-AA1cgG8U?ocid=msedgdhp&pc=W035&cvid=83f933b326524e4082c12e31fd4ca523&ei=15

The big boss's first round of profit-taking and later accumulate slowly?

Public invests buy call with RM5.10 target. Probably mutual funds buy.

Settlement of bad loans & recovery and MIDF buy and its impact on the Balance sheet would determine the forward earnings in 2023.
ChatGPT comments on MBSB results

Based on the earnings report, Malaysia Building Society Bhd (MBSB) has shown positive financial performance in the first quarter of FY23. The increase in net profit of 27.3% can be attributed to lower expected credit losses and operating expenditure. The company also experienced a slight rise in quarterly revenue.

MBSB's total assets have grown, driven by net financing growth and financial investments. Additionally, total deposits have increased, indicating improved liquidity. The company's CEO mentioned that steady growth in gross loans, financing, and customer deposits was achieved through campaigns and promotions.

The return on equity (ROE) and return on assets (ROA) figures can provide insights into the company's profitability and efficiency. However, it's important to compare these metrics with industry benchmarks and consider the company's historical performance to assess its relative strength.

MBSB maintains a healthy capital and liquidity position, which is positive for the company's financial stability. The gross impaired financing ratio increased slightly, but the company expects improvement in the ratio in the coming quarters through resolution and settlement of impaired accounts.

Moving forward, MBSB aims to strengthen its core retail segment and expand its financing growth by targeting premium corporates. They plan to enhance their cost of funds by increasing current account and savings account (CASA) deposits and focus on relationship-based partnerships.
To evaluate the future prospects of MBSB, it's important to consider various factors such as the overall economic conditions, the company's competitive position within the industry, regulatory environment, and any potential risks that may impact its operations. Conducting further research, analyzing financial reports, and consulting with a financial advisor can provide more detailed and accurate insights into the future prospects of the company.

Good morning, another Serba in the making. Good luck to all.

Sell on the news?

alenac

Sorry for your disappointment, those that bought recently had made some money and hoping the price will recover post-pandemic to its high. I think this counter may not be suitable for you to invest.
Maybe you should sell & go for PBB or Alliance Bank. Generally, PLC type of Bank or Finance counter will not maximise profit like other private banks. Hopefully, MBS bank can switch listing with MBSB later after MIDF buy so that its value can be enhanced by the market further. For instance, there are many interventions by the government and policymakers for social objectives, such as the recent ones on the offer to EPF member loans and others such as fixed-interest loans which may not be good to maximise stock price in times of rising interest rates.
I hope EPF being the largest shareholder, once the banking business matured will sell off the listed entity to the highest bidders so that it can operate without government intervention.
Alenac, all the data's provided by you amounts to nothing if the share price of MBSB remains depress. Anyone who holds this counter for more than 6 years are still underwater in their investment especially EPF. And why is it everytime MBSB goes on acquisition, it takes more than 18 months to finalise the deal. The deal with AFB a few years back was supposed to enhanced MBSB because it came with an Islamic Banking licence but instead MBSB share price continued dropping further. This MIDF deal is probably the last chance for this MBSB senior management board to prove they deserve to continue in senior management. Alenac, you sound like an insider of MBSB talking, I hope you can convey the disappointment of many shareholders to the BOD of MBSB. TQ.

2 hours ago

Potential overvaluation if compare to future earning visibility
Not to forget the owner's supporting SPECULATIVE share buy back ........................ the Endgame will reach its fundamental value .......................... anyway. Frequent price surge and later decline as it reaches new bottom will reflect its move towards ......
............ inventory pressured and uncertainty of demand co

HARTALEGA HOLDINGS BERHAD
HARTA. Hartalega Holdings Berhad is an investment holding company. The Company is engaged in the manufacture and sale of latex gloves. The Company also offers Nitrile gloves, Polyisoprene and Specialty gloves. The Company's Nitrile gloves products include Nitrile Powder Free 2.5 Mil, Nitrile Powder Free 3.2 Mil, Nitrile Powder Free 3.5 Mil, Nitrile Powder Free 3.5 Mil Extended Cuff, Coats Colloidal Oatmeal Coated Nitrile Powder Free 2.5 Mil, Class 100 Cleanroom Semiconductor Nitrile 4.5 Mil, Nitrile Powder Free 8.0 Mil Extended Cuff, Nitrile Powder Free 4.5 Mil Extended Cuff and Nitrile Powder Free 4.8 Mil Extended Cuff. The Company's latex gloves products include Latex Powdered 4.0 Mil, Latex Powdered 3.0 Mil, Latex Powdered 5.0 Mil, Coats Colloidal Oatmeal Coated Latex Powder Free 4.5 Mil, Latex Powder Free 4.0 Mil, Latex Powder Free 4.5 Mil, Latex Powder Free 5.0 Mil, Surgical Latex Powder Free 7.5 Mil, Latex Polymer Coated 5.5 Mil and Surgical Latex Powdered 7.5 Mil.

This company’s forward price to EPS is 59.32, which makes it the 1st ranked stock in this list.

Hartalega Holdings Bhd. is +25.00% over the past month and -38.26% over the past year, outperforming the FTSE Bursa Malaysia KLCI Index by +25.88% over the past month and -30.31% over the past year

PE should be based on forecasted earnings of 11 sens (pre pandemic) should be fair.
Bursino

Trading at PE 10.13. Assume sector PE 11.3, the share price will be 6.42 * 11.2 = 0.72. Known issues like MIDF are factored.
2022 annual report of MBSB
WE ARE INVESTING IN PEOPLE AND TECHNOLOGY
TO SECURE OUR LONG-TERM FUTURE
We continued to make significant investments in technology,
products and people as part of our strategy to achieve sustained
long-term growth. We dedicated 47% of our capital expenditure
to technology improvements and upgrades. With digital being
a critical business enabler, our investment in technology has
resulted in a 90% increase in online transactions across MBSB’s
various digital platforms and a 438% increase in mobile banking
application users.
We spent over RM10 million on cybersecurity-related systems.
Additionally, the Bank has transformed 13 branches that used
to mainly focus on operations to become more sales-centric and
customer-focused, leading to a 162% growth in the opening of
new Current and Savings Accounts-i (CASA-i) compared to 2021.
Furthermore, to ensure that we have the necessary capacity and
capability to deliver on our goals, MBSB brought on board 489
new hires, led by front-liners to help drive key roles. The arrival
of new talent has enlarged our family to 2,361 people, yet we
maintain a relatively low turnover rate of 10.4%, which reflects a
generally positive workplace environment and culture.

MBSB delivered a positive total Shareholder return of 20.6% in 2022. This outperforms
the Bursa Malaysia Finance Index, which gained 6.0% last year

All are secured with mortgages on land & others, so no worries and the amount also small.
speakup
https://themalaysianreserve.com/2023/05/24/cross-default-clause-triggers-potential-wave-of-default-events-for-serba-dinamik/

Straight-forward business model dealing with and selling medicine to the government can lose money? Even BP if bought at the right price and taken over the supply chain of this company can make 10 times more and the share price also multiply by the same value. No brainer company can land in this kind of problem.

Anytime this or early next week should be out. An increased interest rate environment should assist in improving the balance sheet. Previously 8.5 sen divi payment should reflect management's confidence in generating more cash for the shareholder, particularly EPF.

0 seconds ago

Probably be next week. It is a tradition that they won't pay any divi in the first quarter anyway whatever the result.

Depend on how long can the owners of glove companies support each counter.
telusdansuci
Bad result but good for Supermax share price . Everything become opposite now in our Bursa M'sia . Good become bad and bad become good . Believe it or not ! Boleh tetap boleh . Wait and see .

10 hours ago

Short-term borrowings of 1 billion are due within 6 months. Rights or refinanced? Earnings can't support loan and interest payments.

alenac

Owners buy back their shares or gamble in their stocks. Short to medium terms small fry will be caught in the ups and downs. Unless one can read into the owner's pricing rhythm. The fundamental value will prevail in the long run. But owners who are involved in AT or/and HFT will plough the profit to themselves and disadvantage small traders because of the volume, speed and timing made in disposing and buying.
"Algorithmic trading (AT) and high-frequency trading (HFT) have the potential to affect market liquidity, price discovery, and overall market stability in the US stock market. AT accelerates the speed at which traders can detect and exploit price discrepancies among securities, thus it can potentially enhance price discovery 1. However, such improvement may come at a cost to other traders who are disadvantaged in terms of speed 1."

There is some debate over whether HFTs provide or consume liquidity. One study found that the lowest spread, which is a signal of high market liquidity, is observed for small numbers of orders placed by high-frequency traders and a large number of trades by high-frequency traders 2.

Become Ularsawa, Stingray and Mikecyc forum now no more Insaf.