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.