MBSB Bank says it's working with authorities to resolve illegal withdrawals case in Sabah
$MBSB(1171.MY$ Is today big drop related to this case?
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104429685 : definitely lo, malu
Vincent Chua SH : Yes the drop bcuz of the news many commercial investors like us is withdraw from this stock because this bank have many problem haven fix n improve
103128768 OP : Good opportunity to buy lower tomorrow.
Max Lau82 : it doesn't change any fundamental on MBSB, but there is a risk where MBSB will use it's own cash to refund the stolen cash, due to pressure from bank negara
ctchoky : I doubt MBSB will collapse with this negative news. Good opportunity to collect more if big drop in price
Vincent Chua SH Max Lau82 : many bank when have this kind of news n etc if they cant solve it properly and have a good reason to stablelize sure it same as china last yr bank inner staff steal money away n the bank stock drop alot！everything come with trust n believe ，if u believe in this bank management and potential sure this bank should or must do what it best to gain back investor trust throughway their brand
Max Lau82 Vincent Chua SH : I can't say for sure whether other local banks are facing the same problems, but for MBSB to truthfully admit the crime and refund without giving any reason to delay, is a good sign.