Here is a counter expect with plenty of room to move up and forward since 0.50+ to 0.6+ to 0.7+ and with consistent Div payout, but yet many in still in double . But again if not , where can those long term holder got chance to top up?
The Board of Directors of MBSB has recommended a Single-Tier Final Dividend of 3.5 sen per Ordinary Share for the financial year ended 31 December 2023 ("Proposed Dividend").
Based on the total number of ordinary shares issued of 8,222,312,432 as at 31 December 2023, the Proposed Dividend payable would be approximately RM287.78 million. The Proposed Dividend will be fully paid in cash. The approval for the Proposed Dividend will be sought at the upcoming Annual General Meeting.
The Book Closure date in respect of the Proposed Dividend will be announced after the Annual General Meeting.
A few changes of Bosses at the very top has woken up some investors. There seems to be some interests on MBSB right now. Although premature to give credit to the Group CEO (ex-CIMB) for the progressive price increase, at least things are looking better. He has just brought in another EX-CIMB guy to be Group CFO. I have more faith in ex-bankers from RHB/CIMB/MAYBANK/PBB. The old management before these new Bosses were brought in were rubbish Bosses. Give them 6 years and they can destroy the value of the bank. I hope the new Bosses continue to sweep out the old rubbish.
The Board of Directors of MBSB has recommended a Single-Tier Final Dividend of 3.5 sen per Ordinary Share for the financial year ended 31 December 2023 ("Proposed Dividend").
Based on the total number of ordinary shares issued of 8,222,312,432 as at 31 December 2023, the Proposed Dividend payable would be approximately RM287.78 million. The Proposed Dividend will be fully paid in cash. The approval for the Proposed Dividend will be sought at the upcoming Annual General Meeting.
The Book Closure date in respect of the Proposed Dividend will be announced after the Annual General Meeting.
I knew, MBSB is another lucky star in my life. bigger than Bplant and Tenaga, For those who refuse to believe, sorry guys .we only can say good luck brother.
@hugo, yes I bought a lot. Long term player will always the last to laugh and happily walking to MBS BANK BHD. The word eventually must always keep in our mind. Thank to @Engineeringprofit, when your condemned MBSB so hard, price dropped and I quietly sapu. haha
Many people seem to forget that this has moved into the big leagues of banking institutions from its last life as a cooperative and development financing institution. If dividends are acceptable as evidence of good management, then this one, at 10%, is an unpolished jewel. Looking at its charts, it has been steadily climbing from 0.60s to 0.80s now, with bulk of buying at the lower end of the rise because the investors would have heard of where it is heading. How high can it go? Take all the banking institutions and average the ratio profitability and dividends and you can roughly figure out.
If you miss the train below 1.00 you'll cry for your life time........You can hear the whistle blow a hundred miles & wait for another decade to buy below one
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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....
M55555
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Posted by M55555 > 2024-05-06 10:02 | Report Abuse
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