Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment. This translated to basic earnings per share (EPS) was 1.18 sen from 2.24 sen.
PETALING JAYA: The creation of delivery channels that will help in acquiring new customers and drive down operational expenses are factors prompting MIDF Research to maintain a “buy” call on non-bank lender Malaysia Building Society Bhd
(MBSB).
The research house remains optimistic on MBSB’s performance, supported by the current and future initiatives being planned and executed. It has a target price of RM1.50 per share and has pegged the financial year ending Dec 31, 2018 (FY18) book value per share to a price-to-book value of 1.1 times.
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