@ Calvintaneng , what you wrote below shown what character of a person you are . Stop wasting promoting any counter. Dulu kuat promoto 5G ,(netx and etc.) I guess must have lost badly and jealous of profitable counters and now betting on plantation??
24 million, i think still a penny sum to cause injury to a Bank. Still lucky the Bank had done their jobs catch the theft earlier and not sweep under the carpet (AmBank - iMDDB scandal, the Bank still exists) and also not to remember MBSB has just transformed into Bank, a transitional period - now different management under the supervision of BNM.
Now you will have to trade looking at the macro situation around the world and not just the individual stock fundamental. Middle East is on the blink of a full scale war with Israel, DJ, Nasdaq & S&P all long over due for a correction of at least 30%, oil price is behaving erractically and not a good sign, world is ditching USD by forming BRICS and the list go on....those holding on please do not ask people to buy just because you are holding....
Bintai Kinden defaulted on 100m loan from MBSB? MBSB has been giving loans to some parties that has defaulted. Quality of loans not too good from these defaults.
0.50 tak mahu, 0.60 tak mahu, 0.70 tak mahu, 0.80 tak mahu, 0.90 tak mahu , last week kasi satu chance lagi 0.73 still tak mahu.. No need to talk bad , and stop looking at the counter. Now already back to 0.81 ....Buat apa sakit hati . Even if someday turun balik , then still want lower.
Hi speakup, About Bintai Kinden, it's in the NEWS AND BLOGS MBSB.. klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-08-01-story-h-155229857-Bintai_Kinden_Receives_Nod_for_Restructuring_of_Banking_Facilities
Yippy68, you are correct... One wrong loan, 200m habis, Nanti write off. They have to lend cautiously or else shareholders loose out.. MBSB have to be very careful.. Maybe they should have a external lending committee to checks and balances.. Top CEO and below can make mistakes!!
MBSB — a growing bank with an appetite for M&A By theedgemalaysia.com / theedgemalaysia.com 17 Aug 2024, 12:16 pm
KUALA LUMPUR (Aug 17): MBSB Bhd’s (KL:MBSB) merger with Malaysian Industrial Development Finance Bhd just over 10 months ago helped solidify its position as the country’s second-largest stand-alone Islamic bank by assets after Bank Islam Malaysia Bhd (KL:BIMB).
Yet, it remains a relatively small player in a highly competitive and crowded market, where net profit margins have been on the decline — a fact that is not lost on its key shareholders. MBSB is 57.45% owned by the Employees Provident Fund (EPF), and 12.78% owned by Permodalan Nasional Bhd (PNB).
In an exclusive interview, MBSB chairman Datuk Wan Kamaruzaman Wan Ahmad reveals that the shareholders aim to have the group undertake further mergers and acquisitions (M&A) down the road. He does not discount the possibility of it happening within the three-year time frame (2024 to 2026) of MBSB’s strategic business plan.
The plan, code-named Flight26, is ultimately aimed at having the group reach a return on equity (ROE) of 8% by end-2026, from 2.9% last year, on a business-as-usual basis.
“The shareholders are ambitious. I think they still want us to grow,” Wan Kamaruzaman says during The Edge’s interview with him and the bank’s top management — group chief executive officer Mohamed Rafe Mohamed Haneef and group chief financial officer Shahnaz Farouque Jammal Ahmad — recently.
In the meantime, though, MBSB’s unwavering focus is on executing the Flight26 strategy, a key element of which involves the bank chasing Casa (current account and savings accounts) deposits to reduce its high cost of funds.
Ever since last year, MBSB has been making big changes to its management, injecting new blood to start afresh.
In the interview, the group’s top officials talk about their transformation plans and what they need to do to meet the 8% ROE target. They also address the issue of fraudulent deposit withdrawals in Kota Kinabalu amounting to RM24.2 million in June, which they say will not have a significant financial impact on the group.
Get the full story in this week’s issue of The Edge Malaysia.
Read also: Mohamed Rafe appointed MBSB Bank CEO, confirms The Edge report
Save by subscribing to us for your print and/or digital copy.
P/S: The Edge is also available on Apple's App Store and Android's Google Play.
Most Read Just In Royal pardon given to ex-Thai PM Thaksin, says lawyer MBSB — a growing bank with an appetite for M&A Anwar disappointed by backlash against effort to bring in injured Palestinians for treatment Asian utility stocks have never had it so good in two decades Indonesia celebrates a new capital struggling to take shape
Level 3, Menara KLK, 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia
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....
calvintaneng
56,603 posts
Posted by calvintaneng > 2024-07-27 03:18 | Report Abuse
Speakup
Why are you here?
You should stay very very very safe in 🌴🌴🌴
Esp Tsh resources or Rsawit