Even if the merger do not go through.. its still a pretty good company.

Wont go into banking sector now unless compelling value.. the loan growth is slowing..

80% of personal loans is to government servant, direct 'potong' form salary each month.. that is why MBSB NPL is so low...

Ah Booooooon!!

Thought you hiding in cave..

Not yet.. not yet..

Indonesia banks report average credit growth projection of 15.7% for 2015..

Possible for a country where only <10% of the population have a housing loan..

Indonesia not easy to afford housing loan.. only super-rich can afford housing loan, even some rich people pay properties in cash..

Current loan conditions is 10 years max (usually give 5 years only), max 70% LTV (common is 50% LTV), min down payment 30% (Common is 50%), annual interest rate is 14.5-16.5% p.a.

This sector is definitely a growth sector..in the future when the loan conditions is more matured.

This post has been edited by gark: Jan 13 2015, 10:23 AM

CIMB Niaga actually have a few Q of FLAT loan growth.. in a country where OTHER banks are growing like 20-30% per year (like BRI)...

BRI is targetting on micro loans to boost profits, somehow CIMB niaga is very reluctant to enter that sector.... maybe conservative management.

It is understandable for CIMB as the NPL for micro loans ia about 20-30% BUT interest rates is often > 20%...

Corporate and housing loan just does not cut it in a country with high interest rate and very little segment of the population can afford that.

This post has been edited by gark: Jan 13 2015, 10:35 AM

Boon .. ask your opinion.. in*ri.. which one is best in your opinion?

Sell out before rights issue... since the price has recovered somewhat..

or..

Keep the shares and sell the OR.. wonder how much its worth.. ?

or..

Subscribe the rights and get the free warrants.. ?

I got it below that figure ages ago, before the rights issue.

So.. I am keeping for now.

I got a feeling personal loans to government sector is also slowing down now..

This post has been edited by gark: Jan 13 2015, 10:45 AM

So.. you suspecting, the stock is being boosted now, so that the rights and warrants can fetch a higher price?

Boon3 is the tips master.. pester him continously until he gives you a sure win tipsy. Dont take no for an answer..

Dun kacau my OnG stocks ah..

Later you kasi curse them..

&a& is burning hot today..

Rights issue, plus 2 free warrant..

Go go go..

Dunno oh...

If in*ri > RM 3 can consider dispose already and might pick up after rights issue

For &a&.. see how much it can go first.

Hmm...

Sell! then buyback..

Ah Boon got buy?

Graph suggest uptrend, fundamentals suggest uptrend...volume so -so..

But I am holding since 60+ cents...those above sometimes fail for small stocks like homer.

I have seen it swing to 90+ then back to 70+ few times.. already, september 2014 have the same pattern.

But I still hold all the way.. <--- gila long term investor



This post has been edited by gark: Jan 15 2015, 10:11 AM

Now the stupid merger is over.. MBSB can now pay all those dividend they owe us..which was halted due to merger

You our sifu mah.. we follow your guidance



Well I am not trader.. So I look at fundamentals..

Catalyst for holding

With very good free cash flow ..net cash holding, likely to further dividend increase will be coming, higher yield , then higher stock price

Slightly undervalue.. based on fundamentals etc.. so not over valued yet

USD catalyst .. is a profit cycle.. higher USD, lower cost to USD consumers (due to MYR/USD forex) equal to higher sales, equal lower production cost..higher sales and the cycle continues

No capex for a long long time as factory capacity is underutilized, ~50%, so can ramp up production for no additional cost

Good enough reasons? But sometimes market very de fickle one..