The real impacts are both ways. Definitely benefit more to corporates.  We think the deal will boost market for short term.   Yes it may impact the main street to certain degree.  With Dow jumped 300 points also with easing monetary policy to continue.  But we still think dollar is overvalued.

We have started buying Maybank-C11 at RM 0.065 as we like the price with a potential valuecap profit when Maybank price above RM 9.00.  We also continue buying CIMB-C7 at RN 0.05 as we believe CIMB is currently seriously undervalued.  Partly due to the head is not in good term of Government.  Just like Airasia. 

We also added ALSREIT RM 0.99, MNRB RM 3.39 and ECSICT RM 1.41 with our reinvestment program. 

We have reinvested part of our MREITS dividend into ALSREIT and KSL.  We think cash in overseas and Fixed Deposit is not getting any better return.   Therefore we bought not ALSREIT at RM 0.975 and KSL st RM 1.52.

We are firmly believed that dollar is overvalued worldwide.  With FED postponed to raise rate.  Further with today jobs data missed estimate.  Is recent dollar fierce rise justify?  

Yes indeed MBSB needs to define a value that is right to merge Bank Muamalat.   It has to be not below RM 2.00 for a new entity.   Vice versa a direct acquisition via its own share will need lots of right issue.  A higher value of MBSB can only smoothen the process.

It is a good deal as I believe but is the method of the acquisition.  We are happy we stop buying when the right issue news was out months back. But we bought in some at the range of RM 1.20 to RM 1.50.  Out fair value of MBSB always above RM 3.00.