Posted by calvintaneng > 2019-09-01 10:17 | Report Abuse

calvintaneng Yes sammj

Focus pointed Mbsb Bank as the superior small growth bank that has moved to 1st position now, overtaking Public Bank at 3rd place

Islamic loan growth is over 10% compared to conventional loan growth at about 3%.
That means that Islamic banks like mbsb is growing 3 times faster than conventional banks

So we are right on target

As profits accelerate upward expect dividends payout to also increase from 6 % now to even better rates in years ahead

Mbsb Bank might well be a Cash pillar like mnrb and mni were in their haydays paying out superior dividends above 10% annually
01/09/2019 9:53 AM

As today is THE LORD's DAY do visit www.chick.com

Posted by calvintaneng > 2019-09-01 15:33 | Report Abuse

A brief look at this quarter balance sheet of MBSB Bank

1) Deposits from Customers & Institutions increased by Rm4 Billions due to promotion with Cash prizes of Rm2 millions by lucky draws

2) At Rm2 millions small cost to get Rm4 Billions fresh funds is about 0.005%
THIS LOW COST INNOVATION HAS GREATLY INCREASED THE LOW COST OF CAPITAL
VERY GOOD STRATEGIC MOVE!

3) LOW COST OF FUNDS WITH HIGH COST OF LENDING WILL SEPARATE ITS PERFORMANCE WITH OTHER TIER 1 BANKS FROM NOW ONWARD

4) ISLAMIC LOAN GROWTH AT OVER 10% AS COMPARED WITH SATURATION OF CONVENTIONAL LOAN RATE OF 3% IS 300% MORE BY PERCENTAGE

THIS SHOWS THE EXPLOSIVE GROWTH OF ISLAMIC BANKING

5) WITH SO MUCH BUSINESS AND POTENTIAL FOR PROFITS DIRECTORS' FEES ONLY RM800,000

AND THEY MANAGED 47 FULL FLEDGED MBSB BANK BRANCHES IN BOTH WEST AND EAST MALAYSIA

6) MANAGING MORE THAN RM30 BILLIONS IN CAPITAL THEY ONLY TAKE A MERE RM800K SALARY?

THIS IS CHEAP LABOUR.

7) MBSB BANK VERSUS ICAPBIZ

In contrast with DIRECTORS OF MBSB BANK TAKING A SMALL RM800K MANAGING 47 BANK BRANCHES TAN TENG BOO OF ICAPBIZ TOOK A RM8.6 MILLIONS PROFESSIONAL FEES MANAGING ABOUT A DOZEN STOCKS - AND THAT PASSIVELY

AT RM8.6 MILLIONS THAT IS ABOUT 62% OF THE TOTAL PROFITS OF ICAPBIZ

8) THIS SHOWS AN OUTSTANDING COMPANY AND AN EQUALLY OUTSTANDING MANAGEMENT IN MBSB BANK

MBSB?

MBSB = Must Buy Safe Bank

Posted by calvintaneng > 2019-09-02 11:53 | Report Abuse

Some facts about mbsb bank

Mbsb bank is a small fish in a big pond while public bank has grown to be a big fish in a small pond

Mbsb bank has 47 branches while public bank has 259 branches or 520% bigger. So the room to grow for mbsb bank still ample

Mbsb is into Islamic banking which is growing by 10% yearly while conventional non Islamic banks are in saturation and growing about 3% yearly.
So mbsb is growing 3x faster than others. And it is already in Top number one position after upgraded Tier One

Posted by ITreeinvestor > 2019-09-02 11:57 | Report Abuse

Dun forget that Big Fish can increase their Islamic Banking segment as well.

Posted by calvintaneng > 2019-09-02 12:09 | Report Abuse

Interest rate profit spread will cause mbsb bank to excel

THE spread was from 3% cost to 7% sale when it was a society

It borrowed from bank negara at 3% interest and loaned out at 7% interest for houses... The margin spread was 4%

After it secured a banking license by taking over Asia Finance Bank its able to collect deposits as low as 1.5%. So its interest profit spread has gone up to a high of 5.5%

While interest rate is variable its fixed home loan rate at 7% is fixed with tenure up to 30 years
And with interest rate going down further mbsb bank stands out in higher profit

Low cost of capital is the most important edge to profit

Examples are:

1. Walmart buying from lowest cost China and sell direct to consumers without middlemen
Walmart is Warren Buffet favourite

2. IKEA.
IKEA designs and manufactures it's own products in low cost countries and sell direct bypassing middlemen

Buy from source and sell direct to consumers get the best profits without middlement

So mbsb bank now gets its funds direct from open market and lend to customers without paying middlemen like public, maybank, cimb, Rhb or Hong leong Bank under instructions from bank negara.

Now only it saves middlemen costs it is able to compete against all

Posted by calvintaneng > 2019-09-02 12:13 | Report Abuse

For housing loans mbsb bank has an edge over conventional bank

For conventional banks there is a minimum 2 year lock in period. If anyone decides to settle the loan before 2 year period is up there is a penalty interest charge.

BUT there is no penalty lock in charge even if a customer sells the house or settles the loan before 2 years are up

This is why many are moving to Islamic loans for freedom of capital and peace of mind

Posted by calvintaneng > 2019-09-02 21:43 | Report Abuse

calvintaneng Critical Thinking; no investor can make good investment without forming their independent thinking, this requires years of training to be reasonably good at critical thinking. Most savvy investors out there are an expert in Advanced Critical Thinking.

Calvin likes this one

If you look at Warren Buffet Office in Omaha you will notice that it is a 15th storey building surrounded by houses with trees everywhere

Such unblocked views from his office do help in critical independent thinking

That was why he wanted to live in isolated Omaha away from the maddening noise of Wall Street

Now so many naive light eared people have taken the 3IBs wholesale to downgrade and sell Uzma even below 60 sen when they should have taken notice that Insiders were buying

UZMA therefore calls for INDEPENDENT CRITICAL THINKING

What was wrong with the 3 IBs that gave wrong calls? (Especially the rascal Kenanga) Because they exercised "Group Think"

They thought "safety in numbers"?

But if the facts and figures are wrong no matter if 99% give affirmation it is still wrong nevertheless.

And if you are chun chun though no one else agree....stick your ground

TIME WILL EVENTUALLY JUSTIFY THE TRUTH
02/09/2019 9:37 PM


Further additions by Calvin Tan Research

Just like Uzma you also need Independent Critical Thinking in Mbsb Bank

To be independent means "Not to be dependent on others to do your thinking for you"

In the case of Malaysia it was "MERDEKA"! MERDEKA"

INDEPENDENCE !!!

Independent from what? From Britain governance of course!

SO MAY ALL i3 FORUMERS HAVE INDEPENDENT CRITICAL THINKING TO SUCCEED

Posted by mancingbursa > 2019-09-03 12:01 | Report Abuse

Ok

Posted by smalltimer > 2019-09-03 20:54 | Report Abuse

Market die liao

Posted by calvintaneng > 2019-09-03 22:14 | Report Abuse

Smalltimer from pm Corp time?

This 20th Sept is our 6th Anniversary for remembering Calvin's 1st buy call on Pm Corp

Very good that you survived

Yes, investing in defensive value stocks when prices are low will cause you to survive another 6 years or even 60 years.

Market cannot die one lah. Only fools and greater fools chasing hot air balloon stocks die

So keep very very safe in Defensive stocks of Deep value