Stepping into year 2016 with an initial skeptical of its right issue plan. Now MBSB has become our largest holding of all times.
Our stocks selection criteria on undervalued, sound management, reasonable dividend yield, unique market segment, higher safe factor, more liquid and catalyst (2 call right issues, banking license and merger) pointed to only MBSB.
We have also switched a lot of under performed stocks into MBSB. We will continue to increase our holding before it’s 2 call right issue.
J&J Investment Co. 
how likely do you think the merger/banking licence will take place in the short term (i.e within 1-2 years) or it will more likely to be a long term thing?