Company Overview and News

Stop missing out on important events!

Fintel provides real time notifications of important company events such as major investments (13D/G filings), insider trades (SEC form 4), and important SEC filings. Sign up and create your company alerts for free.

Headline News

Malaysia Building Society completes acquisition of Asian Finance Bank

2018-02-07 themalaymailonline
UALA LUMPUR, Feb 7 — Malaysia Building Society Bhd (MBSB) has completed the acquisition of Asian Finance Bank Bhd (AFB). (4-0)

MBSB completes purchase of AFB

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) said Asian Finance Bank (AFB) is now a wholly owned subsidiary after it acquired all shares in the bank for RM644.95mil.

Trading ideas: EcoFirst, Genetec, Ikhmas Jaya, MBSB, Pintaras, Salcon

KUALA LUMPUR: EcoFirst Consolidated Bhd , Genetec Technology Bhd , Pintaras Jaya Bhd , Malaysia Building Society Bhd (MBSB) and Salcon Bhd are among the stocks to watch on Friday, accoding to JF Apex Research.

MBSB’s shares rise as earnings beat forecast

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB)’s shares rose 4% in early trade Friday, after its fourth quarter earnings came in ahead of estimates.

MBSB’s net profit up 172% on lower cost of funds

PETALING JAYA: Malaysia Building Society Bhd ’s (MBSB) net profit rose 171.98% to RM123.98mil in its fourth quarter ended Dec 31, 2017 (4Q17), driven by lower cost of funds and lower allowances for impairment losses on financing, loans and advances. Revenue was almost unchanged at RM818.27mil from RM819.4mil previously.

Trading ideas: TM, TNB, MBSB, Caely, UMW O&G

KUALA LUMPUR: Telekom Malaysia Bhd , Tenaga Nasional Bhd , Malaysia Building Society Bhd (MBSB) and Caely Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research. (5-0)

MBSB to rollout up to RM700m financing for Rumawip projects

Affordable housing: Tengku Adnan viewing a model of the Rumawip project. Residensi Hektar has received encouraging response from potential buyers with a current take-up rate of 60 for the project. — Bernama

MBSB to provide RM700m funding for eight Rumawip projects

2018-01-16 themalaymailonline
Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (third left) inspecting a show unit of the Federal Territories Affordable Housing (Rumawip) apartment at the Hektar Residency sales office, Setapak, January 16, 2018. — Bernama picKUALA LUMPUR, Jan 16 — Malaysia Building Society Bhd (MBSB) is planning to rollout up to RM700 million in financing for the development of eight more Federal Territories Affordable Housing (Rumawip) projects.

PNB to work on issuance of Maybank Islamic shares

“We were hoping for the i-shares initiative to be approved in 2017 but unfortunately this has yet to materialise. “We will continue to engage with relevant stakeholders to hopefully make this a reality in 2018,” PNB group chairman Tan Sri Abdul Wahid Omar(pic) said. (9-0)

PNB to increase exposure to private investments domestically and internationally

2017-12-31 themalaymailonline
PNB chairman Tan Sri Abdul Wahid Omar said PNB would increase its exposure to private investments both domestically and internationally. — Bernama file picKUALA LUMPUR, Dec 31 — Permodalan Nasional Bhd (PNB) would increase its exposure to private investments both domestically and internationally subject to the right opportunity, said its Chairman, Tan Sri Abdul Wahid Omar. (8-0)

Year-end rally in the works?

PETALING JAYA: Some large caps on Bursa Malaysia are poised for active buying this week as major funds such as Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) head closer to their book closures, dealers said. (17-0)

Solar Management secures RM247mil financing for solar project

(from left) Malaysia Building Society Bhd (MBSB) senior VP Datuk Nor Azam M Taib, president and CEO Datuk Seri Ahmad Zaini Othman, Solar Management (Seremban) Sdn Bhd director Tee Cheng Hua and director Jane Tee at the signing ceremony. (5-0)

Solar Management secures RM248mil financing for solar farm project

KUALA LUMPUR: Solar Management (Seremban) Sdn Bhd has secured a RM248mil financing for its first large-scale solar farm project in Malaysia. “We are the second company to secure financing for the 50MW solar farm project in the country,” said Solar Management director Tee Cheng Hua at a press conference on Tuesday.  The company has signed an agreement with Malaysia Building Society Bhd (MBSB) for the project financing of the solar farm. (5-0)

MBSB shares up on merger proposal

2017-11-07 themalaymailonline
KUALA LUMPUR, Nov 7 — Malaysia Building Society Bhd’s (MBSB) share price rose five sen to RM1.16 this morning after the company proposed to acquire the entire equity interest in Asian Finance Bank Bhd (AFB) for RM644.95 million. (4-0)

Breakfast briefing: Tuesday, November 7

MarketWatch: US stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings. The DJIA inched up 0.04% to end at 23,548.42, while the S&P 500 gained 0.13% to 2,591.13. The Nasdaq added 0.33% to 6,786.44. - Reuters (129-0)