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

Another Serbak in the making.

Let it slow and retrace. No harm done. Oil price will be expected to move up in 2nd quarter for china and the rest to restock after the world economy is in full swing and the battle in Ukraine enter the second year with fierce fighting in Bakmut while American makes money supplying gas to Europe.
Looks like the market resting as today is Friday. But quite good play anyway. Operator target price achieved. Next week perhaps.

80 mill today?

No 60 mill plus turnover, pent-up frustration after so many years of downs.

Likely big boss is in. Now funds chasing? 50 mill turnover, the game is on?
pang72
What is up on armada?

4 hours ago

Vincent is up to his antics again. Now all Vincent's angels crew including his 2 daughters. How many times does Humpty Dumpty need to fall off the wall, all types of corporate moves come to naught.

It's has been a long wait but how fast will the price surge to RM1? Looks for fun managers rerating?
serpent100
After 5 years plus I’m waiting

15 hours ago

Goodluck with buying Chef company.
inheng
Fabulous Sunview give project worth over 100m to Reneuco last year. Project still on?
Sunview share price now nearly $1. Cypark over $1. This counter near multi year low. Guess can only going up after they get their cheap placement ticket at 30 cents. I buy below 30 cents

1 week ago

Gone case this counter, no contract & legal suit, what a combination!!!!

Watch out scammer company, they pump up and dump later. Will closely follow the CI movement.

The fried chicken company, concept needs to revise including recipes with new ideas and images etc. But the BOD is not imaginative. It needs a Colonel Sander. Perhaps too many rent seekers in the management?

Within 3 more months, below 10 sen?

Restructuring is required, if not Pharmaniaga will be winded up.

alenac
Will Monday be the big boss day? Or will the following earnings report another burst of profits for Armada?
Armada had never had such a good year since 2013. Oil price is back in play as long as Putin keeps the onslaught on Ukraine.

Same guy who is a director here?
65-year-old businessperson has pleaded not guilty to nine counts of soliciting and receiving bribes worth RM12.8 million linked to the Jana Wibawa programme.

Teo Wee Cheng claimed trial to the charges that were read to him in Mandarin before judge Ahmad Kamal Arifin Ismail at the Sessions Court in Johor Bahru today.

https://www.malaysiakini.com/news/655987

How much Cameia FPSO project contribute to turnover?

Ambrin as Chairman heard what he said in the 1MDB trial, he won't be effective in checks and balances.

RM1 could be tough to achieve if big boss not buying.
fudrud
Come on fellow investors, what is your target price for taking some profit. I am looking for a price to book of around 1 which brings it in to line with SBM and Yinson. Thats around a ringgit.

9 hours ago

wow so many cases of theft, in commercial sectors as well as the government. Especially uncovered during pandemic?

Income

https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-01-27-story-h-300077488-Revenue_Group_confirms_arrest_of_two_suspended_directors_by_MACC_over_a

OMG NO EYES SEE……….

Lim Ah Hock & Son?

SHAH ALAM: Two company directors claimed trial at the Sessions Court, here, for abetting an individual to embezzle close to RM11 million in funds from several companies.

Lim Ah Hock, 71, and Lim Pay Chuan, 53, both pleaded not guilty when the charges were read out to them, separately, before Sessions Court judge Rozilah Salleh, today.

Ah Hock was accused of partaking and abetting G. Paismanathan in cheating Chin Yit Wah to pay RM530,000 to Siaz Holding Bhd using Colas Rail System Engineering Sdn Bhd's funds for some non-existent engineering consultation works that included interface works with KVMRT PDP and MRT Corp.

He was accused of committing the offence at Pestech Technology Sdn Bhd's office located in Ara Damansara, Petaling Jaya, Selangor on Nov 16, 2017.

https://www.nst.com.my/news/crime-courts/2023/01/873976/two-company-directors-claim-trial-abetment-over-rm11-embezzlement

Crossing 57.5 sen then it would look good. Still no news big boss buying?

Good morning, Chef kitchen talk, while the liquidator takes all.
Trust is a beautiful thing. Now everybody knows the Chef & kitchen crews cannot be trusted with money. Because of trust, many lose money. If I were the Vice President or whatnot title, go find a better job, Serba is a dead duck. Operations can still continue even though the group of companies is under an administrator, but employees' futures are not going to improve. Not now and not in the long run.

"We would like to assure everyone that we will be able to get back on track and continue to rebuild Serba Dinamik to greater heights," he said.

"We anticipate resolving the statutory issues through a three-year programme, tracked with milestones. The process may seem to have taken a little longer than expected, but we are confident that we will see better times ahead," Mohd Karim said.
https://www.marketscreener.com/quote/stock/SERBA-DINAMIK-HOLDINGS-34837516/news/Serba-Dinamik-We-trust-our-bosses-to-save-Serba-Dinamik-says-company-SVP-42750140/

Loss RM4 mil plus kacang to him? Surprising buying till September 2021 to average down. Most unfortunate still believe in Chef and his kitchen crew then but not the auditors. Despite the red lights flashing by the auditors, and lacking judgement supposedly shrewd people still buy.

Sslee
https://klse.i3investor.com/servlets/pfs/120720.jsp?stockName=SERBADK

See how Philip response when he finally realise Serbadk is an accounting fraud case of epic proportion.

Hope turned to sand???? Please donate to soup kitchens or to the poor, instead of buying no-hope shares. At least good karma will be with you.
Bradar
Strangely, people are buying at 1.5 vs 2cts.
43 minutes ago

0 seconds ago

The end for a stinky kitchen con?
Minority shareholders who were hopeful that Serba Dinamik Holdings Bhd would turn around as its senior management had only misstated the annual revenue for one financial year, must be disappointed now.
Last Tuesday, the High Court granted an order for six financial institutions to wind up Serba Dinamik and its three subsidiaries over debts totalling about RM5 billion. In short, the company will be liquidated.
https://www.theedgemarkets.com/node/651832

The problem is that the quality of clients is not on par with top banks in the country. So margin and risk exposures are high. Probably need to inject proactively new managerial staff & revamp the business focussing on high-value services.
Chokra
Perhaps EPF after this merger with MIDF should dispose off a big potion of its holdings in MBSB to other banking parties so that MBSB can move in a different direction. This current Board cannot bring value to MBSB. Let there be fresh blood with a different approach. This is my hope.

Not provoke, just to forewarn others that companies related to Chef be very very careful. Unless you got lots of money like Mad cat, then go ahead. This company trying to bullshit during RE boom. Inside empty.
aireez
actually what is THE PRICE ur looking for ... keep on provoke non stop where ur also know this year this company having a very good future and return daa
haahahahahaaaa .... do not underestimate the share holder lorrr

Auditor reported assets, liabilities etc total RM12 billion unverified. Ini bukan accounting but reporting by any school boy not real audit work.

Unabated confident tricksters should be jailed and keys to the lockup thrown away.
Serba Dinamik will rise from the ashes.
https://www.freemalaysiatoday.com/category/highlight/2023/01/12/serba-dinamik-will-rise-again-like-a-phoenix-says-chairman/

Nobody is going to touch tinted companies with connections with old owners shadows still managing this company. Private placements with owners' money no doubt.
shiningmoon
Reneuco and scib are into Private Placement now. If there are willing party, it's going to be exciting.

Sold Plantation in 2020, now buy almost vacant land? Reason food security business. Can anyone explain the rationale behind MD moves? Or because last time sold and make a profit and now buy land to start another plantation?
Jakel needs money to rebuild the outlet after 2 infernos. Suspicious fires may delay insurance payments. So is this a good buy opportunity for Harn Len? Looks like sell on news? More shares are to be issued at 70 sen a piece for part cash and balance in shares consideration.

More shares to be issued from the private placement. This shows company has no working capital. LOI with Indons just advertisement.

What opportunity? LOI non-binding, Chef macai said just exploring opportunities with Indons. Company must have good reputation and good working capital to work with Indons. Indons asked " Where's the money!" to exploit opportunities?
LiTech
It seems that the announcement will be anytime soon. The recent opportunity to work with Indonesia give them opportunity to add few more RM in the stock price. Get ready to ride the slope up

1 hour ago

Chef managing this company from Dubai? If true, then it is going to crash soon. Matter of time.

Biggest bumiputra company scam in KLSE history, where the guilty got off scot-free.