MBSB and AFB merger is positive

Although not my favourite solution but it is still a positive note.  If deal go through with cheaper cost of fund and more products can be introduced will have good impact on MBSB.  

Still another 3 quarters to write down impairments and with 6 to 7% loan grow.  A target of RM 2.00 is a fair target.  We continue to hold and buy in weakness below RM 1.30.