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MBSB (1171) : MBSB BERHAD
CNY2012
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Posts: 111
Joined: Dec 2011		 02 Feb 2012, 09:34 PMPost #1
Good report. thumbup
airasia
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Posts: 46
Joined: Dec 2011		 03 Feb 2012, 12:08 AMPost #2
---Deleted---
ILoveDividend
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Posts: 521
Joined: Dec 2011		 03 Feb 2012, 09:02 AMPost #3
MBSB 4Q earnings soar to RM83.8m on Islamic banking, lower tax

KUALA LUMPUR (Feb 2): MALAYSIA BUILDING SOCIETY BHD
(MBSB) posted a stellar set of earnings in the fourth quarter ended Dec 31, 2011, with net profit up 554% to RM83.82 million from RM12.81 million a year ago.

Its earnings were boosted mainly by higher net income from Islamic banking operations via the expansion of personal financing and also lower taxation. Net income from Islamic banking operations was RM113.17 million compared with RM52.92 million a year ago.

However, MBSB accorded higher allowance for impairment losses on loans, advances and financing at RM46.82 million compared with RM8.64 million a year ago.

Profit before taxation and zakat was RM101.19 million compared with RM72.43 million. Its taxation was RM17.37 million compared with RM59.62 million a year ago.

Revenue rose 66.1% to RM347.14 million from RM208.91 million while earnings per share were 8.35 sen compared with 1.83 sen. The board recommended a final dividend of 7% less income tax (5.25 sen net per ordinary share) for FY ended Dec 31, 2011.

For FY ended Dec 31, 2011, its earnings jumped 122.8% to RM325.43 million from RM146.02 million in FY10. Its revenue rose 64.8% to RM1.269 billion from RM769.94 million.

At the pre-tax level, MBSB made a record pre-tax profit of RM428.3 million, up 107% from RM207.4 million a year ago. This contributed to improved basic net earnings per share of 32.43 sen and return on equity of 43%.

MBSB chief executive officer Datuk Ahmad Zaini Othman said: “Our group’s improved performance for the 12 months of 2011 is the result of the company’s persistent efforts to grow its retail business in the face of stiff market competition.”

He said continuous operational improvements as targeted under the transformation program, “Taking MBSB to the Next Level”, also contributed to the exceptional results.

“While the asset growth is largely driven by Personal Financing-i, our strategy to diversify asset portfolio beginning early last year has also shown remarkable progress,” he said.

As at Dec 31, 2011, net loan, advances and financing stood at RM15.2 billion, an increase of 42% as compared to RM10.7 billion as at Dec 31, 2010 which exceeded the banking industry’s average growth rate of 13.6%
airasia
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Posts: 46
Joined: Dec 2011		 28 Mar 2012, 12:03 AMPost #4
MBSB - Early Gain

Attended MBSB briefing last Mar 23th, below are the takeaways:

- Jan-Feb of 2012, the group closed excellent ~ RM2b on PF-i
- commercial bank further securitize lending to government servants (BPA program) => direct benefiting to MBSB.
- no impact of SBPA abolishment, as SSM will still yielded effective 7~13% pay hike

All in all, likely the group will sustain its loans growth in 2012.


On top there are several effective strategic actions to improve the group performance, which included:

- expanding more branch network & branding campaign
- revamping retail biz
- bancassurance products with Takaful
- straighthen developing projects (ie NCT agreement & other abandoned projects affected by NPL)


Target set:
Total Income ~ RM850- 880m
Net profit: ~ RM350- 360m

Subsequent review by Q1 to re-affirm the loan growth assumption.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 28 Mar 2012, 09:41 AMPost #5
MBSB - Early Gain

Attended MBSB briefing last Mar 23th, below are the takeaways:

- Ja...airasia @ 28 Mar 2012, 12:03 AM

Thanks for sharing...notworthy
csern888
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Posts: 28
Joined: Feb 2012		 01 May 2012, 02:57 PMPost #6
RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD 3,700,000 0.30
FOR FONG SILING (CEB)
LKCQMSCS
Member Star
Posts: 11
Joined: Sep 2013		 27 Dec 2013, 03:25 PMPost #7
year 2013 seems to be very quiet for this counter....not many comments posted. I am queuing to enter at 2.20 against selling at 2.23.
Bin88
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Posts: 1
Joined: Mar 2014		 11 Jul 2014, 12:25 PMPost #8
Any comment on this counter?
eugenenoah
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Posts: 6
Joined: Jul 2014		 13 Jul 2014, 12:15 PMPost #9
Trinity is going to happen..Big mega Bank in the making to promote islamic banking..wonder what entity they would be later on.
Tian
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Posts: 1
Joined: Jun 2014		 21 Oct 2014, 07:09 PMPost #10
Oh Man..just go news EPF is not allowed to vote, so there is uncertainty whether the mega merger is going to come thru mad
NUMBER_1
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Posts: 9
Joined: Aug 2015		 10 Nov 2015, 01:23 AMPost #11
Targat Rm 1.90 rolleyesrolleyes
whatthesucks
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Posts: 3
Joined: Apr 2012		 20 Apr 2016, 01:36 PMPost #12
--- Deleted---
FishinVestor
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Posts: 3
Joined: Jul 2016		 14 Jul 2016, 12:27 PMPost #13
停損及CBL方法，以MBSB為例。
http://fishinvestor-mrhew.blogspot.my/2016/07/blog-post.html
Alan696
Member Star
Posts: 5
Joined: Apr 2016		 08 Aug 2016, 05:47 PMPost #14
HOT STOCK ??

EPF and Tan Sri Chua INCREASED their shareholding ?
Apply for banking status (Islamic) ?
Alan696
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Posts: 5
Joined: Apr 2016		 10 Aug 2016, 04:33 PMPost #15
GOOD COUNTER TO INVEST ??

See below bloombergtv


http://www.bloombergtv.my/video/mbsb-2q-profit-falls-but-impairments-easing/
erkongseng
Member Star
Posts: 285
Joined: Mar 2014		 23 Sep 2016, 05:52 AMPost #16

如图所言,明天破0.93 就有好戏上演了！
2015 年Mbsb 的借贷为341亿，总资产达411亿，不能忽视它的潛力，未來丰衣足食。0.90物有所值，最少1.20 价值。
70亿➗58亿(股数)=rm1.20
个人估计10月价位可达rm 1 以上。
ActiveTrader
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Posts: 21
Joined: Jul 2013		 11 Jan 2017, 12:00 PMPost #17

MBSB broke its horizontal resitance at 0.94 today with high volume. Engine started and enjoy the show.

See the chart at

http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1171

Very nice weekly chart too.
ActiveTrader
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Posts: 21
Joined: Jul 2013		 11 Jan 2017, 04:50 PMPost #18

Very nice volume today yeah
lyeheng
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Posts: 1
Joined: Jan 2017		 11 Jan 2017, 05:05 PMPost #19

something is brewing ... yeahyeahyeah
yip73
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Posts: 31
Joined: Jan 2017		 11 Jan 2017, 09:16 PMPost #20

today closed rm1.00 yeah
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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