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
Guys, a little bit of facts for all of us to ponder now that MBSB has made the announcement that their merger with MIDF will proceed. The EPF controls 65.872%, then comes shareholders having shares ranging from 100,001 to 358,574,189 shares which makes up 24.678%. A third big group of shareholders having shares ranging from above 10,000 to 100,000 shares owns 107,066,652 shares or 7.892%. You can see the above 3 groups own 98.441% of MBSB shares. My advice is do not sell your shares cheaply to market manipulators who might influence the price of MBSB in the coming weeks. The free float of MBSB shares is so little in the open, I am sure EPF and the top 30 shareholders will hold on tight to their shares, we should have the holding power too. The Nett Asset Value currently is more than its current market price. Stay long to benefit from this merger. I think the folks from MIDF can bring good quality management skills to a sleepy MBSB Team.
Why Why.. must make this news on Friday!!! Not Monday.. Only Monday we receive DIV payment . Now cannot top already.. now have to chase high.................... ++++++++++ speakup
Crazy to sell without knowing the actual terms of the merger plus the NAV of the merged entities. At least wait for official announcements of the merger terms. Remember MBSB before merger was like a kampong financial mini market. Now with merger with a much more sophisticated MIDF group, MBSB can move up the ladder as an urban financial supermarket with a full range of financial products. Only time will tell whether MBSB will use this "golden" opportunity to play a bigger role in competition with the big boys. Too early to sell.
MBSB now offered all types of services once merged with MIDF. Only lacking good & experienced senior management. Hope EPF takes note that they need to add value to the merged entity operations. Social services for the last 3 years of covid have certainly weakened its financials, now is the time to buck up. What is certainly needed is to double or tripe the share price of the enlarged MBSB.
The capitalization of MBSB will not be enlarged. The deal will be done via share swap. MIDF will then hold about 20% of MBSB whereas the latter's stake will be reduced to less than 48%>
the best way to earn money is to buy when the company not in good shape but have bright outlook. You wont earn much by buying mature company like Hong Leong, Public bank etc. You get the best shot by buying this sort of company
If by share swap, what is the impact to the ESP? negatively or positively be affected? Also take into consideration of the contribution of MIDF earning.
no lah, mbsb cannot be #1 islamic bank in malaysia. that title will always to go Bimb by virtue of its name. mbsb is a small bank now, hopefully grow to mid tier like ambank etc
You should thank God that you have never come across a lot more of such stuff. Hence, I won't object to their preferences to sometimes writing in Malay instead.
Looks like US depositors do not trust US regional banks anymore. The number of failing lenders in the US may snowball as about 190 regional banks are seeing their uninsured depositors continue to withdraw savings. If the classic run on the lenders goes on unabated, the overall US financial system could run into bigger trouble, which may send shockwaves across global markets.
If the US Federal Reserve maintains its course of reining in inflation by raising the federal funds rates further this year, more mid-size US banks could go under water and be forced to declare insolvency, because American depositors will withdraw their savings from the regional banks in order to get higher rates elsewhere. This will put a lot more stress on those banks. https://www.globaltimes.cn/page/202305/1290082.shtml
On another note, if interest rate increases above equilibrium, it means structure is broken. Costlier to do biz, means less biz expansion, less biz means less loan disbursement.. it means harder to achieve growth, as it may be offset by NPL also due to increasing rates. Let market forces decide where is the equilibrium.
High Inflation is here mah! Better than to fight it by increase interest than to do nothing loh! If we do nothing ....the samething mentioned below wil eventually still happen mah!
Yes...if we increase interest rates earlier....it will benefit the banks in terms of better profit mah.....but fighting high inflation is a very important process loh!
Lu tau boh ?
Posted by wisdomtot > 37 minutes ago | Report Abuse
On another note, if interest rate increases above equilibrium, it means structure is broken. Costlier to do biz, means less biz expansion, less biz means less loan disbursement.. it means harder to achieve growth, as it may be offset by NPL also due to increasing rates. Let market forces decide where is the equilibrium.
The reason of raising interest is to encourage consumer to spend less and force the demand become lesser. With lesser demand, business have to lower their price to get more sales. If let market decide, business will raise price and worker will ask for higher salary and the cycle keep going until our RM become duit banana
I am hesitate to buy banking stock because I am afraid like First Republic bank just gone in the weekend - 2 days which is nontrading day. You just can see it dissappear not even can cut lose
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,051 posts
Posted by speakup > 2023-04-10 07:43 | Report Abuse
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