Monday, May 16, 2016
Stock watch : MBSB (code 1171)
MBSB : At low ... this is weekly chart. The merger deals off ... and it is drifting lower ... not a good stock to buy at current level of RM1.26
Technically .. all indicators are bearish ... so, in my opinion we should avoid to buy MBSB or even think of average down.
I have not followed MBSB since the merger-talk broken down ... and without the "bail-out", this is not a good fundamental counter for us to hold on. I am just replying an e-mail I received this morning.
Note : This is only my opinion, Mr A.R ... technical point of view. Also, do check the NPL as if not mistaken, they are giving loans to many gov-servants and many defaulted their debts.