EPF seems to be aggressively collecting this share. Next quarterly results and dividend are expected to be announced in the middle of June.

Moving up because good dividend yield (15 sen approved at AGM) and better profit (EPS).

Dear Hulk, The proposed bonus issue is reported in the attached explanation to the latest quarterly financial results.

Huayang Board has proposed bonus issue of 1 share for 3 existing shares.

During the previous trading day, MBSB price rose 6 sen from RM2.17 to RM2.23 which could be attributed to news of 1MDB settling its RM2 billion outstanding loan. This morning the price dropped to close at RM2.19 by noon which could be due to profit taking by short-term traders. Hopefully, by this evening, MBSB will announce a good set of fourth quarter results for FY2014 cum attractive dividend proposal.

The recent RM2 billion settlement of outstanding debt owed by 1MDB to its bankers including MBSB augurs well for MBSB.

@regit, have confidence. Chances are MBSB price would be much higher than RM2.22 by April this year when notice of closure of dividend is issued. Towards the end of this month, MBSB will announce record profit for the whole of 2014. Given MBSB did not declare interim dividend for Financial Year 2014, the company may propose dividend of at least 10 sen. Just wait and be patient.

Important timelines for MBSB: End January 2015: MBSB is expected to announce final quarter 2014 results. The Star quoted an official from MBSB as stating that the 2014 financial year profits would be "record" profits; April 2015: MBSB is expected to declare dividend. If merger is off, chances are MBSB will be giving higher dividend.

Read the replies of RHB, CIMB and MBSB to SC query on the merger this afternoon on Bursa Malaysia websites. All the three parties indicated that they will continue to be discussing on the merger issue tomorrow. They did not say the merger is off yet.

Hi Justin Ngo, you are not alone being misled by the initial news of merger. Hold the stock for awhile. By the end of this month, MBSB is expected to announce its 2014 fourth quarter result which could be favourable news. Sometime, in April this year, it may declare dividend.

@8illionaire, yes. If the fourth quarter EPS is 7 sen or higher, the whole of 2014 EPS for MBSB would exceed 31 sen, giving a PE ratio of less than 7 times at current price.

Read The Star business section where an official of MBSB was quoted as saying MBSB is expected to announce soon record profits for financial year ending Dec 2014. Good news coming on MBSB financial performance by end of this month.

Well, if the merger is off, just hold MBSB for a while. It is expected to announce its 2014 final year quarter results by end of this month (January). If EPS for the quarter is maintained at 7 sen average, then the 2014 overall EPS would be 31 sen. Based on latest MBSB price, the estimated PE ratio is only 7 times. Thus, it is an undervalued share. The next dividend is expected to be announced in April. Nothing to panic about. At the current level, the downside risk is minimal, given the lowest closing price of MBSB in 2014 was RM2.15.

@JaniceLove, bluefun has answered you correctly and comprehensively. You could get information online on ex-dates of all relevant shares by visiting Bursa Malaysia website.

Well, I am accumulating MBSB all the way. For those underperformed stocks which I currently hold, I intend to unload them to raise cash to buy MBSB shares at ongoing price. Against the indicative offer price of RM2.82 upon the merger which is expected to take place in the first quarter of 2015, the potential capital gain will be 15% against the current price of RM2.43. I have the gut feeling the merger will take place. Thus, I am all the way to take this calculated risk, after all at the current price, the PE ratio of MBSB is less than 10 times.

The Star reported today at least one brokerage firm has placed a curb on share financing on a number of counters which have recently experienced sharp increases as well as volatility in prices. Be cautious.

winterwolf.. I do not invest based on future or prospective PE ratio, as future means uncertainty. I invest in stocks based on current low PE ratios (preferably less than 10) as well as those with good dividend yield (preferably better than FD rates). If one does one own research through Bursa Malaysia website, one can identify fairly good number of these fundamentally strong stocks. I avoid investment based on tips and rumours. My equity investment since 2006 based on fundamentals and rotational play has borne good return for me. My view is: if one does one own research and invests in fundamentally sound stocks, the probability of making good ROI is high. Best wishes to all.

winterwolf, yes, no head no tail, that's all I was informed by a relative. I looked at the two stocks "Ideal" and "Ijacob" from BSKL website, I would not buy these two stocks because high PE ratios and no dividend yield. Wish you all the best.

A relative called me two days ago, suggesting that I should consider buying "Ideal" as there would be takeover of Ijacob. I browsed the BSKL website and noted that Ideal's EPS was about 2 sen. With the share price then at 75 sen, the PE ratio was more than 30 times. No dividend yield was declared for the last few years. Worst still, I was informed the key person involved in the takeover was somebody who was imprisoned in the past due to some wrong doings. Fundamentally, there is no good reason to buy this stock, as it will take more than 20 year earnings to arrive at the current price of the stock. My advice is: investors should look at the fundamentals of the stock before investing, especially the PE ratio and dividend yield. Do not listen to outside advice. Do your own research, chances are you will make profit.

Investors who want to buy any stock purely to receive the dividend should always bear in mind that in many cases, if not most, that prices after ex-dividend date would adjust downward more than the dividend to be received at least for a while, until the next round of dividend declaration comes along when the price may go up again if the prospective financial result remains favourable. Of course, there were cases that even after ex-dividend date, the stock price did not adjust downward as much as the dividend received. Nevertheless, my view is: for those who want to take dividend, should hold for a longer term, at least a year. Chances are you will make the money, if the company's profit remains favourable.

Yes, there seems to be strong buying support above RM4.60 for now. At the moment, I do not think it makes sense to unload the stock as its dividend yield is still above 3.5%. Based on my research, there are not many stocks that may declare comparable dividend in the next two months. Furthermore, MNRB's PE ratio is below 7 times at current price. If the coming quarter financial result expected to be announced at end of August is favorable, then the price could improve. Of course, one cannot predict the future.

kahheong, this morning, I too wrote an email to the chairman with a copy to another director through MNRB Investor Relations on the same issue. I hope they will response directly to us or through BSKL website on MNRB dividend policy. There is a need for transparency on this issue, especially if there is a deviation from stated dividend policy, if such policy exists.

In 2012, I wrote to Tienwah with regard to delay in declaration of dividend and issuance of notice of closure. Tienwah's staff responded fairly quickly.

I hope more minority shareholders will write to MNRB on this issue, as the impact will be better.

Kahheong, you took the right action to raise minority shareholders' concern to MNRB investor relation of the lower dividend declared despite the company recording improved profitability. If the stated dividend policy is 40% or higher, then MNRB should explain the deviation from the stated policy.

If we refer to website: malaysiastock.biz/dividend policy, MNRB's dividend policy is 40%. Based on EPS of 72.71 sen, it should give a dividend of 29.10 sen. Thus, 16.5 sen dividend declared today is below expectation, unless this declaration is followed by an interim dividend sometime down the road.

With dividend of single tier 16.5 sen against today's closing price of RM4.77, the net yield is 3.459%, slightly better than FD. At today's closing price of RM4.77, the PE ratio is less than 7 times.

Those who have chased up the price of MBSB last Friday to as high as RM2.64 and do not have the capacity to hold may continue to sell the next two trading days. What should be our options? Firstly, we could join the selling and buy back at lower price latest by Thursday, as the price may go up again by Friday, as those who cannot hold T+3 days would have finished selling by Thursday. This option is quite risky because, if we unload all our MBSB shares but with the intention to buy back and hold MBSB shares until the announcement of next quarterly result, we may not be able to buy back at lower price to make contra gain if the price suddenly shoots up before the close of Thursday.

The second option, for those having holding power and having some cash reserve from recent selling of part of their MBSB holdings, is to let the price goes down without doing anything. Once the price drops to as low as RM2.16, start buying back aggressively. Chances are the next quarterly results would be favourable. Last year, the interim dividend was declared in October. However, for two years before last year, the interim dividends were declared in August. In other words, for the last three years, interim dividends were declared. Normally, if results declared were favourable and dividend yield is attractive, the price of the share would surge.

I believe EPF, as a major shareholder, needs to make capital gains from its recent subscription of MBSB rights issues as well as holding of the mother share in order to pay dividend to EPF contributors. Thus, as minority shareholders, we should make capital gain in due course.

MNRB price has run up recently from below RM4 to more than RM4.80. Lately, the price has eased. As the PE ratio of MNRB is low and its prospective dividend is likely to be more than 6%, it makes a lot of sense to accumulate MNRB gradually especially when the price drops. Proposal of dividend may be announced this month, although confirmation of dividend and notice of closure maybe announced later, most probably in early September.

Today, I parked to sell from RM2.28 to RM2.35. All levels of my offer for sale were taken up, except for RM2.35. What boggled me was the strength of buying support. There were certainly buyers of means snatching up the shares, with certain buyer buying 500,000 units valued at more than RM1 million at RM2.34 per purchase. My gut feeling is that there maybe some good news on the horizon for MBSB: significant improvement in profits or getting banking licence or both or just that the share was playing catching up after being a laggard. However, the latter did not jive with an overall weak market. If the price goes down significantly, we should consider buying back what we have sold today. I believe it makes sense to keep some MBSB shares until after the next quarter financial reporting expected in August. Best of luck to fellow investors.

Hopefully fellow investors holding MBSB shares were able to sell some or most of their holdings last Monday at RM2.29 and above. Repurchase MBSB shares when the price reaches RM2.16 again which is the most recent resilient price support level. Chances are the price will improve with the expected announcement of second quarterly results by late July or mid August which is expected to be favourable cum interim dividend declaration. Do not forget to sell once the price improves again. Wish all of us make some capital gains on this stock.

MBSB's PE is relatively low, below 10. If based on a PE of 10, the price should be about RM3.20. If one has tracked the price of MBSB since the recent ex-dividend date, it has a resilient price support level of RM2.16. If one has continued to place buy orders at RM2.16 and below, one would be able to bring down the averaged buying price to below RM2.16, after taking into account the new dividend shares one received at a discounted price of RM2.03. Taking into account the sale of MBSB-OR to buy MBSB mother share and the recent surge in the price of MBSB to close at RM2.29 last Friday, one would have made a significant amount of book gain, which I did.