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Not impossible, but also quite unlikely. If the next quarter is showing improved growth and profit then it will continue to creep towards 1. You also need to consider the people trapped at higher prices (2+ during 2016) so their sell-off might depress the stock price for a while.
I am long MBSB for two reasons:
1. Transformation into a fully shariah compliant bank
2. Shifting focus from personal finance to corporate finance (hopefully will reduce their NPL significantly)