MBSB, a shining star in my portfolio, has been rising steadily for the last 2 months, has just announced its 4th quarter earnings. I must say, however, it came below my expectation. Nevertheless, it is still a profitable quarter, 347 millions in revenue with a net profit of 83.8millions, translating to an eps of 8.35cents. The annualized eps came in at 32.42 cents. It is a great year for MBSB for its net profit tripled. The stock traded 2.23 at closing today, which is equivalent to PE of 6.88.
The company also proposed a final dividend of 7cents less 25% tax.
Overall, despite it came under my expectation, it is still a good quarter for MBSB. Tomorrow's opening hour will be closely watch by me.
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