MBSB (1171) - follow up on technical analysis only



The Board of Directors of MBSB wishes to announce that the Company has on 18 August 2017 received notification from Bank Negara Malaysia (“BNM”) vide its letter dated 18 August 2017, that the Minister of Finance has granted approval for the proposed acquisition by MBSB of 100% interest in the shares of AFB pursuant to the Islamic Financial Services Act 2013.

Quoted from Bursa Announcement


  1. Due to official approval from BNM, it seen really attractive to keep in long term.

  2. Profit of MBSB also increase for last 2 quarter.

  3. Save Zone to BUY in : RM 1.25

  4. Cut Lost : RM 1.18

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