Sorry, I miss that last part. Good to hear that it is moving. Thx.

Thx taciturn for passing down the AGM info. I just hope benalec can proceed the project as what it committed. Any update of pengerang reclaim project?

The merger progress seems to favor MBSB when getting closer, just hold on tight and enjoy the ride.

Looks like market don't feel MBSB worth more than what it is now?

Looks like this counter is starting to get some market attention, with promising picture painted in the AGM.

Agree. No reason for the dip.

Another good analysis. Keep up the good work and sharing.

what is the news today that push it up now?

We can view this in optimistic or pessimistic view. Optimistically, this share goes to a single party. The buyer may be the strategic partner for the coming big project and they would like to hold a substantial stake, we will know soon who are the buyer? That is good if it is the case as something may be finalizing and prompted the pick up of ownership at this time by that single party. Pessimistic view, like what has been shared by others.

The plantation bought will help but since the size is small, so don't see it will have a significant impact. I just wonder what is really wrong with revenue/eps for 2013 with the core biz. Unless core biz can come back, else don't seems attractive.

great moving, what is the news?

Any insight as of why the stock move up?

It valued the stock at PE of 7.5x without explanation. Why so far from other bank stock?

Member41, thx. Saw that. So it seems not taken as positive here since price drop by now.

What is supposed to be the adjusted price ex today/post right?

Gark, thx. I really wish to see that happen. Bank status is certainly carry higher PE valuation.

I am wondering why mbsb required the right issue to build up the working capital? As it is not a bank, so not govern under same capital requirement by Bank Negara. Is it heading for a bank license? This question was asked in recent general meeting and not denied. This is probably what will decide on long term holding and subscribe to the right.

last hope is the Tanjong Piai project signing deadline next month.

I feel the main worry is the growth prospect. With BNM focus on household debt, loan growth is slowing down, it has appeared in last qtr result. Question is the price really touch bottom now, or to wait some more? This is the sentiment for other bank counters too.

The company is doing the right thing to up hold integrity with legal action. Hope this is taken positively by investing community.

The malay mail article clarified by Mudajaya CEO as not true. So not all the news are trustable. Just hv to be careful.

Observing the frequent land sales, lower div payout, is it a sign of preparing the working capital for the tanjong piai work? Which will be announcedsoon.

Any insight as budget to this counter?

Kudos to the investors of this counter expecially those that have faith to hold it for sometime. It is finally crossing the resistent level.

Understand the corner stone investor will need to hold the share for 6mths, so protection to the retail investor.

Good to see the progress. Hopefully to see the EIA report out soon.

3 research houses maintained buy rating post Q4 financial result. Take it as still a positive sign.

Drop by 7 cents, what is happening?

It has to pay div to attract crowd.

With the recent land sales, I believe it will provide cushion to the coming qtrs earning's top/bottom line, while waiting for the pending EIA announcement (Tanjong Piai MOU extension) in near term. I am just being optimistic that it will pass.

The re-rating of the stock still hv to wait till end of the year when the first power generator fire up in india. But i read it is a good chance that it will get the 2nd power generator contract in manjung, which it did the 1st one. However don't hv too high hope of positive surprise for coming qtr earning result.

Since the dispose of 49% insurance biz, i do not see any announcement as of what is new biz venture with the proceeds, beside one news of set up a company in uk for property venture but no subsequent progress. I dont hv a good feel it will be any good prospect/surprise for this coming qtr earning. I do hope i am wrong.

Just waiting for another record qtr result so will push the stock price to another record high.

Hi ipomember, yes. Thought u are asking about the news.

RM54M land sales is pretty much equal to last qtr total revenue.

Positive news significant to the top and bottom line! http://klse.i3investor.com/servlets/anpth/923297.jsp

Crawler, Thx. I saw the selling price and expected EPS from the land sales in circular seems reasonable. I just hope it will be passed in EGM today. Else it will be not good for company earning this year.

I saw the EGM is to approve resolution of related party trasaction to dispose various parcel of lands in Melaka. That will bump up the revenue and profits for this financial year. I do not see any other agenda in the EGM. Correct me if I miss out anything.

Seeking advise.. This counter will probably be just within range bound until the India power generation start to provide the constant revenue stream by end of the year, then will see re-rating. As an investor, do you see it worth to hold on to it patiently till end of the year? Or just move to other counter instead and forget about the long term play. The consolation is that it still offer 3+% dividend yield.

Seeking advice and inputs.. Do u foresee this counter will further drop or it is about the time to accumulate? From PE and respectable dividend yield to provide fundamental support, It seems quite OK to buy for long term investment. I prefer Parkson as a pretty well managed company, also the main slow store sales are from China, believe it will be recovered in near future. Or infact with current environment, the consumer/retail counter is a No No?

Hi max8, thx for sharing yr understanding. From what i read on the circular, it was a sale of the insurance arm business (subsidiary of P&O holding) of 49% to Sanlam. Thus a portion of the proceeds of teh sale were distributed to shareholders as a rewards, while a bigger portion of it are hold back for new business venture. It was not a private share placement exercise with Sanlam bought the stake. The deal was done by May'13. So in coming qtr, there will be financial impact as I believe insurance business accounted for bigger portion of total revenue/profit. So unless I see the management team act fast by utilizing the cash to grow, it will be not an attractive investment for me, unless I just to hope for Dividend payout. Hope I have miss out something here. I do hope to see a fast moving management team in P&O.

Good qtr result. However with disposal of insurance arm 49%, and without revenue stream from new investment, is it right to just sell off after received the special dividend?

The market did not take the qtrly result as badly though, even as an overall down market today. I think it is forward looking when it comes to how we assess it.

Mah Sing has a very impressive management team that pushing for programs line up to meet the future revenue goal. Kudos.

Agree with the upcoming land sale, it should be providing the fundamental support.