Everyday also last call, everyday limit up. Nothing better to do. Bet too big lah

No such thing as par value anymore lah. This guy must he old

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*BIMB Holdings (BIMB MK/BUY/TP:RM5.00)*

*Newsbreak:* BIMB is undertaking a group restructuring exercise through a series of moves: (i) raise RM800m via placement to pare down its outstanding sukuk (held by Lembaga Tabung Haji) and retire existing warrants (at 26sen/unit), (ii) cash disposal of BIMB Securities and Syarikat Al Ijarah to Bank Islam (priced at net assets, amounting to RM115m), (iii) distributing the stake in Bank Islam and Syarikat Takaful to investors, and (iv) transfer listing status to Bank Islam. The entire exercise is expected to complete in 3Q20.

*HLIB’s view:* Finally unveiled its corporate restructuring exercise and the architecture is similar to prior market speculation. This is positive as it helps to unlock value. Assuming a VWAP of RM4.30/share and placement is done at a 5% discount (this cannot be more than 10%), share base will be enlarged by 11%. We estimated that investors will be entitled to 1.28 of Bank Islam and 0.25 Syarikat Takaful shares for every 1 BIMB share held (w/o the placement exercise it would be higher at 1.42 and 0.28 respectively).

*Forecast:* Unchanged.

*Recommendation:* Retain BUY and GGM-TP of RM5.00, based on 1.42x 2020 P/B. This is largely in line to its 5-year mean of 1.45x but ahead of the sector’s 1.00x. The premium is fair given its 4ppt above-average ROE generation. Also, from our reverse SOP assessment, we calculated the market is only valuing Bank Islam (100%-owned) at 0.83x P/B with 10-11% ROE vs. peers at 1.00x P/B with 10% ROE, implying there is upside from current levels.

If waiting fundamental change or improve, sometimes wipl niss big chances. Anyway, k

Buy bimb to get free takaful share. 1 for every 4 shares. To be decides later, guidance now

Big capex soon

Forget it. Buy gsb also will get 100% return. How many yrs, i dunno lah

Otb, look at gsb better lah. GSB gonna do big corp exercise. Buy before too late, make sure used up all margins ya. No need thanks me. Take your own risk. If you loss money, thts all your decision. (learning from kyy?) must got disclaimer

Yes. Pphb is speculative. Buy orna, muda better. But which stock is not speculate ah?? Hahaha. The question is wrong in first place

T2 now, oops

Wow. No sell down? T3 if no sell down, i add

Hehe

any retrace will be a good time to add for me

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Some ppl come in kacau, no wonder

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Collect div also good enough

Mask jail Sunday keluar ah?

Pe 20 to 25,I sell all.but if profit keep increase,a bit hard to reach there.kaka

he deleted his articles. probably his assumptions are fraud??

forget it

sorhem

right issues soon i guess....hehe. 0.50 cup finish i shld get down first

Apa drink. Ribena or château

Nit bad, goes back 0.80,then 1

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Every adjustment is opportunity to buy

Why not? Rm5 just reflect partly only. Its a good fundamental stock

very low profile guy. But he is the best so far. kesian him.....but feel good for him now.

thanks a guy- Yeoh. he is the master. hehe

limit up lai liao

0.50?hehe

ETF also LEverage liao

impressive, 1.80, 2.00, 2.50 oh.?

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Good news, but drop

Good news, but drop

big cup should go back RM0.50 first.

touch RM1? haha, thats a bit crazy

u comparing 2 diff animals lah. LOCAL UNIT TRUSTS MOSTLY INVEST ONLY LOCAL, if you invest DowJones, S&P of course much higher return loh

Good results continue.

21% still unimpressive? Lol

So goreng mode on next month?

Not bad. Good result lead to better price

Shutdown to upgrade very common. Its not a longrun things, not to worry