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 The Water Blower : 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 The Water Blower : 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 The Water Blower 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.