Possibility cash already disappeared, and even the company motor vehicles also "sakau".
pang72
So, what is the business plan for the bunch of good boy in Gpacket, fitter, CFM?
Making YouTube film for painting illustrations of many MOU sign for fake dream likewise 8n REVENUE...

So, 20c Tp

Getting the ex-law enforcer is not a good image. It is intimating others and giving the impression that having done illegal matters and wanting to hide them. Ex-law enforcers are known as legal gangsters. Perception matters to a stock too. Serbak did that too when it had something to hide.
joyvest
As already highlighted, the purpose is to counter the " negative image" of the M Group and meanwhile to create " good image" with the ex- law and order chief officers sitting in the BOD.

6 hours ago

0 seconds ago

International banking crisis fear still influences market direction. Also, DOW's future points south throughout the year. and financial experts and the world bank also agree that a recession is imminent in 2023.
https://klse.i3investor.com/web/news/detail/249927
this good news should've brought mbsb to the 80sen levels if not because of market not so good

4 hours ago

Global prices have already gone up by 48.9% in 2023 so expect them to drop a little. Why panic?
VincentTang
Steel price big drop, sell all steel stock.

9 minutes ago

Time for Armada to move upward this year. Inflation will be with us for quite some time so live with it. The USA has not been able to tame it & Feds may abandon interest rate increase if it affects corporate recovery. Southeast Asia non-oil producing countries will be affected by oil prices hitting USD100 and above per barrel.
Triple-digit oil will complicate central bank efforts to quell inflation.
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
In terms of a hit to government finances from the OPEC+ cuts, the biggest losers will be Asia’s developed economies heavily dependent on oil imports, as well as emerging markets in south and Southeast Asia, which not only rely on imported energy but also have weak fiscal balances. Those are the mature economies of Japan and South Korea, and the emerging markets India and Pakistan in south Asia, as well as Argentina, Turkey, and South Africa, according to Pavel Molchanov, managing director of private investment bank Raymond James.

https://oilprice.com/Energy/Oil-Prices/The-Biggest-Losers-Of-100-Oil.html

5 seconds ago

If they hired ex-police bigshots to sit on the BOD, you can kiss good buy to this counter. The thieves are gone and inspectors guard an empty bin.
joyvest

No need to jump the gun,wait and see how RBG is turned around . You can tell lie but the figures ie upcoming QR don't lie....my Bruce knows it well.

10 hours ago

Any idea who are these new stakeholders? Any background in corporate areas?
Yu_and_Mee
sad to see revenue become such penny from a superstar
TA showing almost touching 20MA, meaning soon another lower low coming soon.
many "hope" for rebound to easily get 100% profit, end up burned their hands.
with this trend, and new stakeholders, not sure they will bring the company back to alive or go even darker.
better stay aside to see, and don't "hope" until see REAL profit and strong direction from new stakeholders.

5 hours ago

Oh ok, you still make money averaging up and down, lucky or calculated strategy?
DickyMe
Nope! I have been holding it for five years and have taken profit multiple time.
And have even bought at lower end price. This is one of the star performer in my portfolio.

1 minute ago

Is Hiaptek making a comeback? All confident gurus deserted Hiaptek. Royal followers left biting the dust? The prospect looks good since China opening and promised investment by China. Does anyone know whether Hiaptek products are purchased by auto companies?

Hot rolled coil (HRC) is a flat-rolled steel product that is commonly used in a variety of applications. It is typically used to produce welded pipes, tubing, and structural shapes, as well as in the automotive, construction, and manufacturing industries. HRC is also used to make appliances, metal furniture, drums, and other products that require a strong and durable material.
https://www.thestar.com.my/business/business-news/2023/04/07/higher-steel-prices-demand-to-lift-hiap-teck

There is a word called "cut loss and get out" before you lose all. The wolves have left the chicken coop and you dun expect any chicken to be alive.
joyvest
No big deal,it applies to all counters.The moment when you have bought any share ,you just remain hopeful that it can do well later in the future. No one can forsee the future.

Furthermore,the share price has been plunging from 2.00 to 0.26 under the old mgt. now RGB is under new mgt hence it is premature to jump to the gun.

4 hours ago

0 seconds ago

Fear still grips the US banking industry. Could more banks collapse from depositors pull out? Let us hope that PMX investment mission in China can offset any funds pulled out from Malaysia and lessen the impact of a recession
Moving cash from bank accounts to money market funds is a trend explained by the fact that these short-term investments offer higher returns than traditional bank accounts. However, the depletion of bank deposits can lead a bank to a liquidity crunch, similar to what happened with SVB.
https://www.thestreet.com/technology/elon-musk-warns-u-s-banks-face-a-big-problem#:~:text=This%20warning%20came%20during%20a,into%20money%20market%20funds.

Confident? Can you please explain in detail what makes you so confident when management sucks and probably steal.
@alanec: just to answer your question, I am confident with company prospect but angry with management recent actions.
Act of management is something common investors wont able to know until it is too late.
No one foreseen they will illegal take 20box of document
No one foreseen directors might get suspended
If I can foreseen things, i rather foreseen ToTo or 4D number and hantam everything i got

5 hours ago

Many people in the past said PBB is an overvalued counter but PBB kept growing to be one of the largest and most solid private banks in Malaysia. All others especially GLC banks have not grown to that level because of interference from politicians. The only other bank that can challenge PBB in terms of productivity is Hong Leong Bank.

No issue with your understanding of banks giving loans, but the majority of the low-end borrowers will just take out the EPF through loans and leave the labour force. Without consistent contributions in the future, the loans not paid will become bad. There must be a mechanism where if the collateral such as the balance of the contribution is lower than the outstanding loans plus interest balance, the bank got the right to set off with the contribution.

@alenac: My understanding is that when someone failed to repay the loan, when they reach age of retirement. EPF will pay back the bank first before sending the remaining balance (if any) back to the account owner.

As for increase of interest rate, i think banker will anticipate and calculate based on the max profit that Islamic loan rate which is around 10% to determine how much they willing to loan out.

For an investor point of view, this is great business opportunity.
But for social standpoint, this is not a great move as it defeat the purpose of mandatory retirement fund. If age of 40 can use they fund as they like, then why age of 30, 20 cannot?

2 hours ago

Good morning, yeah the bank sector valuation is cheap but jitters in Wall Street are restraining the price movement upwards. Hope the sentiments improve further with no bad news of corporate failure.

Certain people's comments were full of anger. If so confident why so emotional, unless they had made terrible mistakes in buying this counter? Be confident like a person with insider information that it will hit RM2 soon.
pang72
Wait till 20c
See his panic chicken head panic selling then

15 hours ago

Good keep on buying. Maybe get a seat in the BOD. You must be caught averaging down until emotional distress.
Posted by joyvest > 1 day ago | Report Abuse
By the time when it is clearer, it will have reached RM 2.00. Basically, you can kiss your own ass and say goodbye

4 minutes ago

Reducing civil servants will be political suicide for any government in Malaysia. Even the slightest hint of it, Muddin and PAS will go to town with this issue, they did that in the last PH government and twist it to anti Melayu sentiments.
Malaysia has 1.7 million civil servants for our population of 36.5 million. That means we have 1 civil servant to every 20 citizens. Malaysia has the most civil servant per capita in the world. Moreover, almost all the civil servants are Malay. We should have a bit more non-Malays to create a competitive spirit and improve management efficiency.

Singapore has 87,000 civil servants for 6.1 million people. 1 civil servant for 70 citizen.

Thailand has 2 million civil servants for 69.9 million people. 1 civil servant for 35 citizen.

Malaysia has 1.7 million civil servants for 36.5 million people. 1 civil servant for 20 citizens.

Yes if with the right management. Tomorrow, they are lending to EPF low-end borrowers at 4 to 5% interest rate. Social service at best but many will not pay back and what will happen to the bad loans? MBSB has not addressed this issue. Market borrowing rates are not going to decline, for all you know by next year they may be up to 8%. When that happens, the return from EPF yearly divi cannot cover interest costs from loans. We may be creating another Silicon Valley bank in Malaysia.
TonsilBasher
According to Stock Guru Harry - MBSB going to be blue chip in 5 years time

5 hours ago

Possible that the crisis will drag on for years to come........
That’s JPMorgan Chase & Co chief executive officer Jamie Dimon’s assessment of the US banking crisis that sent markets careening last month, an episode he predicts is “not yet over” and will be felt for years. He said US authorities shouldn’t “overreact” with more rules.
https://www.theedgemarkets.com/node/662146

None of us has the knowledge of what is exactly happening in Revenue. But on the side of caution, it would be wise not to touch this counter until a clearer picture emerges.

The question is can it meet its obligation to pay creditors as it has RM802 million to settle? With only RM52 mill in cash, any schoolboy will know that a huge sum to pay is trouble ahead. Sooner, Pharma will receive a legal letter from one of the creditors.
The company, which fell to PN17 status after writing off RM552.3 million worth of Sinovac Covid-19 vaccines, had cash of RM52.85 million at end-2022. Payables stood at RM802.7 million from RM858.41 million the year before.
https://www.msn.com/en-my/news/other/pharmaniaga-says-payment-delays-to-suppliers-to-normalise-govt-not-overly-reliant-on-its-services/ar-AA19g9sh?ocid=msedgntp&cvid=f5a53630473349d69889cfdca7a5ca81&ei=7

Have all the thieves in this company been napped and charged? Disgraceful!!!!

The stock market is in shock from the bank collapse in the US recently and has not recovered. Even wall street is still fearful of any corporate collapse, just any corporation in trouble for the next few weeks would force Dow to close much lower. Also, the Feds raising interest rates again would be negative to the market. As in the past, the KLSE will only move if big funds decide to move their money to safety if they consider Malaysia as one.
searchingmoney
stock market still don't pick up despite PM announcement. something wrong somewhere.

1 minute ago

Not possible that China can resolve the Ukraine war, China is seen as a good ally of Russia, which is the aggressor. That for one is already negative for Ukraine and the rest of the free world. Who in the right mind would accept a peace treaty from an aggressor whose intention is to annexe land belonging to someone else? The only way for the war is to stop if big bro USA and Nato decide not to finance Ukraine anymore. This will also depend on the strength of the US economy going forward. Any deep world recession will be advantageous to Russia to negotiate a better term to end the war. In conclusion, what ever played out will be more of economic than military.
"On the other hand, if China can help resolve Ukraine war it would restore world economic confidence as peace in Ukraine ( a big food producing country) would reduce inflationary pressures better than interest raisings inflationary fighting measure by various countries."

Great job by the new government but the road is far ahead. Mou is just a letter of intent and nothing more. But I believe Geely and DRB would go ahead in their intention. Most projects are tied to whether the various authorities States and Federals can meet China investors' demands for tax incentives, land, facilities etc
EDwarrior
Monday will take off. Cause RM170 b signed with China government. The deal will help bank as well. The big funds flow in Malaysia market. The money will also benefit all of the Malaysia bank sector. Good sight for Malaysia economy. Malaysia stock market will rebound strongly.

19 hours ago

Arabs lowering production by 1 mill barrels a day. You guys should watch CNA. Arabs aiming to move the crude price to USD 100 plus. Right timing for Armada to move beyond 70 sen.

Wait for further drops, weak holders are disappointed. By May will probably be at the bottom.

Dog chasing its tail?
Ghosts of SVB and others collapsed haunting the financial markets in the US. 190 banks near insolvency in the states, any bailout by the feds would increase money supply one way or another and lead to sustained inflation, and further increased interest rates would kill profits in highly geared companies.
https://malaysia.news.yahoo.com/more-u-banks-potentially-insolvent-180656259.html
https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92#:~:text=In%20fact%2C%20judging%20by%20the,not%20on%20their%20balance%20sheet.

PBB must be among the top holdings by US investors.

"Nearly half of the foreign non-strategic investors were from the US (43.99%), and their top three holdings were in banking counters,” the SC said."
https://www.theedgemarkets.com/node/660865

PBB is still steady, down a minimal margin.

Quiet here, have to wait for a few weeks more for more bad news (if any, but many speculate still more to come) hold tight, on the banking shakeout in the states. Still, certain gurus expect the feds to increase further the interest rate as America can't control the inflation rate at the moment. Already 5% and more to go and plus risk rate of borrowings. American corporations will be badly impacted? Doomsday gurus will be making public statement soon.
For those of you staying in this country, don't you feel the prices of food are increasing almost every month, why the statistics are not reflecting the rise? So if the US is expected to have run away inflation so are we?

Will this cheap counter make money with rising interest rates on borrowings? Hardly. Buy to hit and run, ok with good timing and swimming with sharks.

Are we prepared for a recession? Looks like our politicians are not. Meanwhile, can we expect funds from the US will flow into our stock market? But our interest rates are not as attractive as the USA. Will our BNM allow the RM to depreciate further to attract some USD300 bill to swing the KLSE up and down for the next 2 years?

This kind of positioning is among the reasons stock markets will test new lows in the next thee to six months, Bank of America analysts led by Michael Hartnett wrote in a note Friday.

More evidence is found in factor models, where money managers are avoiding companies with high levels of leverage and equity volatility. They also are ditching shares that screen highly for dividends and buybacks, a clear sign investors expect companies to preserve cash going forward rather then blasting it out to shareholders.

Meanwhile, gold briefly traded above $2,000 as investors seek out safe harbors to weather any oncoming storm. Money market funds also attracted their largest inflows since March 2020 in the week through March 22, with more than $300 billion moving into cash over the course of the past month, according to a Bank of America note that cites EPFR Global data.
https://www.bnnbloomberg.ca/traders-flight-to-safety-is-about-the-next-recession-not-banks-1.1900263

1 minute ago

Going forward the focus will be less on banks and more on highly geared companies likely to go bankrupt with high-interest rates. Hopefully, funds will move to Asean countries.

More evidence is found in factor models, where money managers are avoiding companies with high levels of leverage and equity volatility. They also are ditching shares that screen highly for dividends and buybacks, a clear sign investors expect companies to preserve cash going forward rather then blasting it out to shareholders.

Meanwhile, gold briefly traded above $2,000 as investors seek out safe harbors to weather any oncoming storm. Money market funds also attracted their largest inflows since March 2020 in the week through March 22, with more than $300 billion moving into cash over the course of the past month, according to a Bank of America note that cites EPFR Global data.
Not all about banks but more of high debts companies are at risk of losses with high-interest rates. But could external funds flow to emerging economies like ASEAN countries?
Equity market volatility is not yet near the levels seen last week, with the Cboe VIX Index trading at 23. However implied volatility for US equity indexes and ETFs remains “pretty tense,” according to McElligot, while the so-called VVIX Index, which measures volatility of volatility, showed demand for tail risk hedging.
https://www.bnnbloomberg.ca/traders-flight-to-safety-is-about-the-next-recession-not-banks-1.1900263

Ex Divi date price will be adjusted by the market. However, hope to have good news on MIDF buy. In terms of profit MBSB towers over MIDF, post acquisition the management MBSB should be more active in exploiting and expanding the available business opportunities in MIDF products.
Yippy68
agree to you @Alenac. buy now still enjoy 8,5 sen tax free dividend. it will go up to 75 sen on 30/3 just my 2 cents.

1 day ago

The cheapest bank stock to hold for the long term, especially during the series of banks going under in the states. How low can MBSB go? If 40 sen, can sapu a few hundred lots.

M55555

If on board , why complaint ? Given RM0.085 !!! Unless missed boat . No worry, start collecting now. It has to been kept long long. Not buy today , sell tomorrow. Even if you collected at RM0.70 , 3 years ago , you still gain, base on DIV pay out , especially if you did some average down

NasDaq bank index is up slightly by 3.95% as there was still no negative news since 3 banks collapsed.
stkoay

How are banks shares doing in US tonight ??

20 minutes ago

More banks are going to collapse as the feds tried to tame inflation.
https://finance.yahoo.com/news/god-mercy-us-robert-kiyosaki-230000021.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAc3i1VGtMiwtBaJSW0vzFW9gfKbez7nO9b56KyJ6UrGbRRv0-f9j6AMVZzwhDVP-3p54XE6f6l0GpuaHHFt62dIZiZW5GicpI1uZg49d0LhJr8ZAQIU7NLdd2OZ5EMdQX96PGMCFWIiPPKiWsflJraS0FLSWeB0DHvMn9wiUq-B#:~:text=MoneyWise-,'God%20have%20mercy%20on%20us%20all'%3A%20Robert%20Kiyosaki%20warned,real%20assets%20he%20likes%20instead&text=2022%20was%20tough%20for%20most,bonds%2C%20and%20even%20crypto%20plunged.
https://finbold.com/r-kiyosaki-warns-u-s-inflation-is-now-systemic/

MBSB giving more than 2022 profit plus reserve estimate to be RM609.576 mill. out of which RM401 mill goes to EPF in the second quarter. Are they expecting the recession to be around the corner? So return excess liquidity to shareholders? Not mistaken MBSB issued sukuk bonds last year.

speakup

@Orson, mbsb already kasi almost all of FY2022 profits as that 8.5sen dividend, there is no more final dividend.

2 hours ago

3 seconds ago

Yeah, many whinners here condemning MBSB, hopefully, more prudent management comes on board to take advantage of EPF liquidity.
Yippy68
Hahaha,I can’t stop laughing . 8.5 sen dividend from a useless bank is unbelieveable

Congrats to those that have trust in MBSB. Major divi goes to EPF. Did I foresee this historic divi? Giving back to shareholders, mostly all to EPF to increase equity returns for 1st Q of 2023. Also, allow EPF to lower MBSB its stronger fundamentals and clear the available cash before the merger with MIDF.
MBSB is 65.87% owned by the Employees Provident Fund (EPF) while MIDF, a development finance institution, is wholly owned by Permodalan Nasional Bhd (PNB).

You will be surprised many have made from Armada from several rounds over the past years. Dun underrate and laugh at others.
Sharefisher
Armada? Who wants to invest? Haha ha.... PBB lah people invest.
4 minutes ago

Yes, a temporary reprieve, the loan has an interest rate while holding fed bonds could keep on losing more. let us watch how the authorities going to keep sustaining failed banks full of junk bonds.
cheeseburger
Swiss National Bank saves Credit Suisse with loan $50b...rich country got rich bank. No worry
2 minutes ago

You are right, those who invest using cash money, will have to take the risk and wait for the banks to recover. Just as those who invested in Armada for the last 5 to 10 years. We are talking about the timing of when to go in.
Sharefisher
Tolong lah.... Uncle sees too many times of this kind of situation lah..... You want to make more money, this is the risk that you must take.

If SVB went down because of feds bond losses then almost every bank in the states holding losses in US bonds. The worst is yet to come. When there is low tide, all boats no matter how solid or big will lower. Simon Black is right. For those of you not aware that for the past 10 years, corporate America has been borrowing largely to finance its share buyback.

https://dinarchronicles.com/2023/03/13/simon-black-if-svb-is-insolvent-so-is-everyone-else/


Late last year I recorded a podcast explaining how the Fed was engineering a financial meltdown by raising interest rates so quickly, and they would have to choose between a rock and a hard place, i.e. higher inflation versus financial catastrophe.
This is the financial catastrophe, but it’s just getting started. Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. There will be other casualties– not just in banks, but money market funds, insurance companies, and even businesses.

Just after the revised budget a few weeks ago, we got a Malaysian minister dismissing that there will be a recession in Malaysia in 2023. Just a few days ago the aftershock of small US banks collapsing sending tremors in the world banking fraternity. Dow retreated another 280 points last night. More shockwaves to come, next will be European and third-world countries' banks or even sovereign default.

Wow Mad cat, now we are on the same page. Hope you dun bring in Serbak bad vibes here.
Mabel
Wow Gamuda so power...

Meow Meow Meow

2 days ago

Who dare to go in? Any private initiative will go bankrupt. Huge costs and low returns plus having to deal with 2 governments, Singapore and Malaysia. Malaysia government is unstable and fickle.
I_like_dividend
https://www.theedgemarkets.com/node/658301

14 hours ago

RM6.97 per share, now worth less than 10% of its value.
prudentinvestor
Still remember property developer Tropicana also bought over 10 million TG shares during those glove crazy days?
https://www.theedgemarkets.com/article/tropicana-buys-rm7847m-worth-top-glove-shares

19 hours ago