Hi duit,duly received ur email. Thanks

Hi duit. Please add kooman85@gmail.com in your mailing list. Thanks

1.25 liao

The buying queue is crazy, another limit up today?

Look at the trade detail. Someone bought 5.7M share at 1.15

the 2.5 cents is talking abt 19.23%. Compare with scale with price value

在进行中的计划，发展总值为13亿2000万令吉。

该公司未进账的销售额达5亿097万令吉【首季：4亿2500万令吉】

计这将继续增加公司未来2至3年的收入。

dkny, Then you should have gotten the dividend and free warrant, that your profit

The dropping mainly sure to Epf dumping cheaply

Rumour Digital TV contract is coming v soon

Engine is started

Hold it, it will come very soon

Digista TV contract on the way? Or something to do with budget 2013?

Engine is started, seem project will be announcing very soon, buying volume is huge now

Turned to bullish again, seem picking up

There is a contract of digital TV as well as the heritage will bring in good profit and good news in Oct
Buy now keep it for 2-3 month times

TA showed its has turn to bullish now :)

Another magic show like Takaful

This counter has been overbought for long time, interesting to see if it can still going up?

Definitely more to come tomorrow with casino premise license in Birmingham
Thk Bro KC for info

This is like magic show !!!

Aiyo, let go too early :( will it hit 3.00?

All this solid counter, should invest once market is bad if you have holding power :) As i said, soon or later the average price will go up to 3.8+

Yes, treat it as FD since ex-date at 27th Jun. Eventually will go up again

BIMB Holdings Bhd - OUTPERFORM - 29 May 2012
Author: KiasuTrader | Publish date: Tue, 29 May 19:08 | >> Read article in Blog website


Period 1Q12

Actual vs. Expectations
1QFY12 PAT of RM64.9m was marginally above the consensus' forecast (29%) but was within ours (25%).

Dividends No dividend was proposed.

Key Result Highlights
YoY, fund based incomes grew 16% thanks to a strong financing growth of 19% to reach a total financing portfolio of RM15.3b. Its balance sheet continued to expand at a fast pace as the financingto-deposit ratio rose to 57.3%, up from 50.1% in 4Q11.

However, QoQ, the 1Q12 fund-based incomes contracted 4.4% to RM247m as financing margin was squeezed by 17bps although there was a healthy 5.0% financing growth in 4Q12.

We note that non-fund based incomes were strong in 1Q12. The non-fund based incomes of RM202.4m (+6.0% QoQ and +33.0% YoY) contributed 45% of the total income in 1Q.

We see improving asset qualities with the gross impaired financing falling to RM351m with the gross impaired ratio improving to 2.29% (from 2.61% in FY11). The RM30.6m allowances were 40% lower QoQ. Financing loss coverage meanwhile hit a high at 117.8%.

Cost-to-income ratio was also higher at 56.1% vs. 51.2% in 4Q11 and 57.0% in 1Q11.

In summary, the achieved 14.2% ROE was in line with our estimate.

Outlook As we argued in our initiation note, BIMB will deliver a faster balance sheet growth and achieve asset quality, which is similar to its peers, in 2-3 years time, benefiting from BNM's new ruling under its Responsible Finance Policy. A progressive reduction in credit costs may boost its profitability. Going forward, we maintain our conservative financing growth expectation of 10% and profit rate of 2.96%. Non-fund based incomes contribution is expected to account for 35% for the total income.

Change to Forecasts
We are maintaining our FY12-13E PAT of RM248.8m-267.5m.

Rating MAINTAIN OUTPERFORM

Trading at 9.35x forward PER and 0.96x FY13E P/BV, BIMB is currently trading at around a 47% discount to the average P/BV of the industry but yet delivering reasonable ROE and earnings growth for 2011-13E.

Valuation We are keeping our target price of RM2.90 unchanged based on 1.2x FY13 BV of RM2.49.

Risks Tighter lending rules and a margin squeeze.

Source: Kenanga

http://www.kenangaresearch.com/attachfile/248/248467BIMB290512-1Q12RN.pdf

Another Kenanga research maintain buy BIMB with TP 2.90

Hi Eagleis, mind to send me as well? kooman85@gmail.com, thank in advance :)

Seem ppl start selling? why don't wait Q1 12 report 1st?

Bro Chong, how do you know that someone selling 1 lots cheaper? is it from the queue?

Still sliding downward, why ya?

Any idea of the supporting point now?

Bro Chong, any idea wat the supporting point now?

Bro Chong, cld you plz add me, kooman85@gmail.com in your email list too? Many thanks :)

Bro Shuk. How you derive 2.10? Any supporting?

Finally it is rising !! Any idea of TP for this round?