MBSB Q2 result lowered by 6% is disappointing but will hold

Without any solid reason and if based on it’s own announcement. It is disappointing and by now it should have a few quarters continue to write back its precious write off. We call for a hold with TP continues to be around RM 2.

Updated with the result of the quarter mainly affected by the sales of conventional business as a milestone to be a full Islamic Bank.

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