The fact that its major shareholder is the EPF says volumes of its capability as a financial institution. You have seen its dividends the past year which gives about 10%. You have seen it taken the MIDF under its wings. You have seen it rising from 0.58 to current 0.83 levels. Today, it is testing the 0.84 ceiling and momentum is strong with buyers in control. Breaking this will mean the resumption of its up trend, with next level being 0.90
Don't feel despair. Darling Maybank up 20 sen. Maybank is 12.5x more expensive than MBSB. For the same amount of funds, MBSB up 4 sen is equals to sum total of 50 sen.
the moment we are not feeling too happy when price goes up , and we are not worry or scared when the price comes down , is a sign that we are 100% confident of this share..MBSB is one such gem...just park and forget it for next 3 years
Due to ROE and COF this counter is lagging behind all the other major banks, the good thing about MBSB now is strong reserves, it will take a turning around of stronger earnings to go up. At the price now, it is a good time of entry because even if earnings are not up to expectation, there will still be dividend in 6mths time.
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....
bowman
2,597 posts
Posted by bowman > 2024-08-19 10:27 | Report Abuse
The fact that its major shareholder is the EPF says volumes of its capability as a financial institution. You have seen its dividends the past year which gives about 10%. You have seen it taken the MIDF under its wings. You have seen it rising from 0.58 to current 0.83 levels. Today, it is testing the 0.84 ceiling and momentum is strong with buyers in control. Breaking this will mean the resumption of its up trend, with next level being 0.90