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Last Price Today's Change   Day's Range   Trading Volume
0.52   -0.01 (1.89%)  0.52 - 0.53  1,870,000
19,221 comment(s). Last comment by Jeffreyteck at Sep 25, 2020 2:01 PM
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monopoly
14 posts

Posted by monopoly > Sep 11, 2020 10:11 AM | Report Abuse

when the name will change?


Arnold76
39 posts

Posted by Arnold76 > Sep 13, 2020 10:35 PM | Report Abuse

Collect a lot, will collect more it is drop below 0.50


chokra
28 posts

Posted by chokra > Sep 14, 2020 10:47 AM | Report Abuse

The EPF should consider removing the current CEO and his team of senior management people. He and his team has been given ample opportunities and time to build a viable bank and yet whatever they implemented has never caught the eyes of influential investors who can give the share price a boost. Even it's shares in exchange for dividends cannot entice us to take it. Only the EPF took that option for years and in the process lost more and more EPF members hard earned subscriptions to the EPF. In my opinion, the CEO and his team of people are out of depth. They cannot bring value to MBSB at all. EPF need to be ruthless and do the right thing. MBSB as an Islamic Bank right now is a joke. I hope members here will pressure the EPF into doing the right thing instead of meaningless write-ups about MBSB that cannot get us out of this mountain of rubbish in MBSB.


Gala Kat
590 posts

Posted by Gala Kat > Sep 14, 2020 3:18 PM | Report Abuse

Board of incompetent a**holes ..


ykloh
342 posts

Posted by ykloh > Sep 14, 2020 3:20 PM | Report Abuse

Also a need to trim the large board of directors.


plaxo 88
125 posts

Posted by plaxo 88 > Sep 15, 2020 10:09 AM | Report Abuse

And also an over bloated incompetent senior management team that needs to be fired!!


Dingdongbell
83 posts

Posted by Dingdongbell > Sep 18, 2020 9:03 PM | Report Abuse

Smart people will resign on his own accord rather than being fired. Step down and give way to a more capable intelligent management


Raul
188 posts

Posted by Raul > Sep 22, 2020 10:12 AM | Report Abuse

Should push EPF to replace the senior management. All of them have been given ample time.
We cant progress


Yippy68
1167 posts

Posted by Yippy68 > Sep 22, 2020 11:14 PM | Report Abuse

https://simplywall.st/news/at-rm0-66-is-it-time-to-put-malaysia-building-society-berhad-klsembsb-on-your-watch-list/


Yippy68
1167 posts

Posted by Yippy68 > Sep 22, 2020 11:15 PM | Report Abuse

will it go as low as 51?


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 10:40 AM | Report Abuse

EPF 65% stake Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

MALAYSIA BUILDING SOCIETY BERHAD

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARDAddressTINGKAT 19
BANGUNAN KWSP
JALAN RAJA LAUT
KUALA LUMPUR
50350 Wilayah Persekutuan
Malaysia.Company No.EPF ACT 1991Nationality/Country of incorporationMalaysiaDescriptions (Class)ORDINARY SHARES

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest113 Aug 2020

231,917,661

AcquiredDirect InterestName of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHDAddress of registered holderLEVEL 42, MENARA CITIBANK 165 JALAN AMPANG 50450 KUALA LUMPURDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredShares derived from Dividend Reinvestment PlanNature of interestDirect InterestDirect (units)4,561,047,343Direct (%)65.388Indirect/deemed interest (units)Indirect/deemed interest (%)Total no of securities after change4,561,047,343Date of notice14 Aug 2020Date notice received by Listed Issuer18 Aug 2020


Remarks :Notice of Change in the Interest of Substantial Shareholder (Section 138) was received on 18 August 2020.


Announcement Info

Company NameMALAYSIA BUILDING SOCIETY BERHADStock NameMBSBDate Announced18 Aug 2020CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-18082020-00053


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:00 AM | Report Abuse

MBSB Bank Berhad, a full-fledged Islamic Bank was incorporated on 28 November 2005 is a wholly owned subsidiary of Malaysia Building Society Berhad. ... AFB undertook a rebranding exercise and on 2 April 2018 it changed its name to MBSB Bank Berhad.



www.mbsbbank.com › about-us › c...

Company Profile | MBSB Bank


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:00 AM | Report Abuse

MBSB Bank Berhad, a full-fledged Islamic Bank was incorporated on 28 November 2005 is a wholly owned subsidiary of Malaysia Building Society Berhad. ... AFB undertook a rebranding exercise and on 2 April 2018 it changed its name to MBSB Bank Berhad.


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:01 AM | Report Abuse

few months later, jadi. MBSB to become Islamic banking counter within 2 years - The ...

12 Jun 2019 · “We have converted more than 85 % of our assets into Islamic assets. The remaining, worth about RM1 billion, could not be converted .


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:05 AM | Report Abuse

good to accumulate, next year jadi Islamic counter, boleh Jual kepada Dana middle East :)


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:37 AM | Report Abuse



KUALA LUMPUR: Bursa Malaysia was seen extending its rebound on Tuesday as financial heavyweights rose on positive sentiment over China's factory data and progress in the development of a Covid-19 vaccine.

At 12.30pm, the FBM KLCI was up 6.45 points to 1,517.81.

While glove makers were mostly submerged on optimism over the vaccine, Hartalega advanced, rising RM1.08 to RM14.08 to lead the index higher.

Meanwhile, Maybank gained eight sen to RM7.36, Public Bank rose 14 sen to RM16.18, Hong Leong Bank climbed six sen to RM14.86 and CIMB added four sen to RM3.19.

In actively traded stocks, Parkson held on to its gains from the previous session and tacked on an additional one sen to 20 sen.

Hiap Teck gained 2.5 sen to 25 sen and Anzo jumped 4.5 sen to 13.5 sen.

With 5.85 billion shares exchanging hands valued at RM3.42bil, investors remained active on the domestic market.

According to Malacca Securities Research, the FBM KLCI remained upbeat with investors seeking higher yields on the equities markets.

"Meanwhile, the robust trading sentiment will continue to see rotational play on the table over the near term.

"However, we also bouts of quick profit-taking activities ahead of the mid-week break," it said.

On the technical charts, the research house expects the short-term upward bias to continue to take shape.

As at the lunch break, the key index had crossed Malacca Securities' immediate resistance of 1,515 and was looking towards the next resistance of 1,555.

On the regional front, China's key index was up 0.3%, buoyed by positive August industrial production data. Hong Kong's Hang Seng was up 0.5%.

Japan's Nikkei however was down 0.5%.


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 11:37 AM | Report Abuse

recovery after current storm :)


Good123
6522 posts

Posted by Good123 > Sep 24, 2020 2:25 PM | Report Abuse

mbsb will be included in shariah funds/unit trusts few months later.full fledged Islamic bank counter in 2021


Good123
6522 posts

Posted by Good123 > Sep 25, 2020 8:30 AM | Report Abuse

53sen up lagi ? :)


Victor Yong
6756 posts

Posted by Victor Yong > Sep 25, 2020 8:32 AM | Report Abuse

Investment Highlights
We maintain our BUY call on Malaysia Building Society (MBSB) a revised fair value (FV) of RM0.78/share from RM0.62/share. Our revised FV is based on a higher ROE of 7.2% for FY21, pegging the stock to a P/BV of 0.6x (previously: 0.5x). We raise our FY20/21/22 earnings by 22.6%/23.1%/9.4% to reflect lower funding cost and higher non-interest income (NOII). The stock is trading at a cheap valuation of 0.4x P/BV with the potential for the group to further monetize gains on its financial investments due to the decline in MGS yields.
The group reported an underlying net profit of RM500mil (>100% QoQ) in 2Q20 after stripping out the modification loss of RM513mil which was due to the loan moratorium. RM471.4mil or 91.9% of the total modification loss was contributed by the waiver of interest payments on fixed rate personal financing for the 6-month moratorium (AprSept 2020). Moving into 4Q20, modification loss will be significantly smaller than in 2Q20 circa RM25–50mil. This is in view of the moratorium extension for another 3 months (Oct–Dec 2020) that is only be for the unemployed.
2Q20 core earnings improved on the back of lower funding cost with a decline in total deposits due to withdrawals, shortened tenure of deposits and the lower outstanding balances on sukuk murabahah.
6MFY20 net profit margin (NPM) expanded by 27bps YoY to 3.11% with the reduction in cost of funds. 2Q20 saw its funding cost falling by 70bps to 3.06%. With the consecutive OPR cuts, MBSB has advantage compared to its peers with its 52.3% financing in fixed rate. This has also helped to widen its profit margin in a declining interest rate environment. Management is now guiding for a profit margin of 3.0% vs. 2.5–2.6% previously.
In 2Q20, the group recorded higher gains from sale of FVOCI securities of RM107.5mil, coupled with a net writeback in allowances for loan losses of RM54mil.
For 6MFY20, the group delivered core earnings of RM427mil (124.6% YoY), underpinned by higher total income. Total income grew 27.2% YoY to RM892mil attributed to higher Islamic banking and NOII.
Normalized earnings for 6MFY20 were above expectation, making up 102.0% and 100.0% of our and consensus FY20 net profit estimates respectively.
Source: AmInvest Research - 27 Aug 2020


Jeffreyteck
3220 posts

Posted by Jeffreyteck > Sep 25, 2020 2:01 PM | Report Abuse

Revise TP to $0.40 amid potential 3rd consecutive losses and worst performer in the industry. Unless plan to merger, no hope and don't hope.

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