Overall....Kenanga revised down their TP....Alliance Bank Hold....

my verdict...Cautious....

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Valuation
We arrive at a new GGM-TP of RM4.09 (vs. RM4.20 previously). This is based on 1.9x FY16E P/B (previously 1.8x FY16E P/B); we utilised (i) COE of 10.1% (unchanged), (ii) FY16 ROE of 17.0% (previously FY16 ROE of 15.6%), and (iii) terminal growth rate of 3% (unchanged).

The higher P/B multiple is to reflect higher growth and slightly stronger ROE generation moving forward.

Risks to Our Call
Steeper margin squeeze from tighter lending rules and stronger-than-expected competition.

Slower-than-expected financing and deposits growth.

Higher-than-expected rise in credit charge as result of a potential up-cycle in non-performing loan (NPL).

Source: Kenanga Research - 1 Dec 2015

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Valuation:
Our RM3.85 TP, implying 1.7x FY16F BV, is derived from the
Gordon Growth Model. Our TP assumes 16.5% ROE, 4%
long-term growth and 11% cost of equity. We see limited
upside to the stock as softer consumer sentiment could
dampen the bank’s loan growth.

Key Risks:
Softer consumer loans. Consumer loans make up just o Softer consumer loans. ver
60% of BIMB’s loan portfolio, with the bulk being personal
and housing loans. Given the high proportion of consumer
loans, softer growth in this segment would be unfavourable
for BIMB.

Tightening measures by BNM. Although the growth in Tightening measures by BNM
household debt has moderated over the years, thanks to
responsible lending measures administered by BNM,
household debt-to-GDP ratio remains high at 88% 2014.
More tightening measures could soften the robust growth
momentum in the personal loan segment.

I agree with alliance investment bank....

http://klse.i3investor.com/servlets/ptres/33810.jsp

Bimb Holdings Bhd's diluted earnings per share (Diluted EPS) for the three months ended in Sep. 2015 was RM0.08. Its diluted earnings per share (Diluted EPS) for the trailing twelve months (TTM) ended in Sep. 2015 was RM0.35.

As of today, Bimb Holdings Bhd's intrinsic value calculated from the Discounted Earnings model is RM3.75.

......limited upside.....

Auto: TPPA stepping stone for local auto players to get into global market. Trans-Pacific Partnership Agreement (TPPA) is a stepping stone for the local automotive industry to tap into global markets, including US, Japan, Canada and Australia, according to Frost & Sullivan. "The challenge for Malaysian automotive market has always been the scale. That's why the domestic players always feel under threat," Frost & Sullivan's VP of the automotive & transportation practice for Asia Pacific, Vivek Vaidya said. (SunBiz)

http://klse.i3investor.com/blogs/PublicInvest/89832.jsp

must not forget...overall banking industry Non Performing loan is increasing...VSS all over the places....BNM tightening up policy....Banks risk management and credit criteria getting tighter...Liquidity is an issue...

hmmmm...The MD doesn't sound that Gung Ho....March is quite a long way and full of uncertainty...Good Luck...

The article below will give investors some idea on this company business strategic plan and its future....

http://klse.i3investor.com/blogs/nanyang_warrants/89579.jsp

I have sold mine....make a little bit.....Will relook into this counter below 0.75.....if it happens....

BIMB: Sees slower growth in 2016. Bank Islam Malaysia (BIMB) expects slower growth in 2016 compared to last year amid the current economic challenges. “This year will be a challenging year; the (overall) growth this year will be slower than in 2015,” MD Datuk Seri Zukri Samat said. “I hope the bank will maintain double-digit growth in terms of financing performance as achieved last year,” he said. (StarBiz)

Resistance Level (R3) = 3.6767
Resistance Level (R2) =3.6233
Resistance Level (R1) = 3.5567

Pivot Point = 3.5033

Support Level (S1) = 3.4367
Support Level (S2) = 3.3833
Support Level (S3) = 3.3167

Resistance Level (R3) = 1.2000
Resistance Level (R2) = 1.1500
Resistance Level (R1) = 1.0650

Pivot Point = 1.0150

Support Level (S1) = 0.9300
Support Level (S2) = 0.8800
Support Level (S3) = 0.7950

Valuation-TA Securities..

We cut Signature’s target price to RM2.55 (from RM3.16 previously) based on
unchanged PE of 10x CY16 EPS. We reiterate our Buy recommendation as we
are still upbeat about the company’s fundamentals. Also, we see limited
downside risk to the stock.

let's see what happen next week......which way......north or south?

japan drop int rate to negative......all company dealing in yen will be bullish....

http://klse.i3investor.com/servlets/fdnews/231038.jsp

real time resistance and support level.....if confident can buy...... if no confident stay sideline....

epf sell.....company buy back......

good luck.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4988849

average target.....1.11-1.40.....

can que.......

Target price:

0.248
0.274
0.303
0.323
0.384
0.41
0.435
0.467
0.518...........All the best

very gungho ......good

short term-mid term.... target....0.677-0.733.....mid term could be...0.90.....maybe.....this is not a buy or sell call...

Both MIDF and Kenanga TP...2.60 and 2.63 respectively...BUY call......

three main industries...electrical/electronics, textile and automotives-would benefit from TPPA......HOLD BJAUTO.......

SOLD.......Good Luck and all the best

wow....so confident......good...

Kenanga TP 2.63....

BJAUTO still our pick for the sector, with investment merits backed by its: (i) better growth prospect from low base on the back of strong pipeline of exciting models, (ii) relatively stable margins, benefitting from the lower import duties from FTA with Japan, and (iii) potential dividend payout of 56%, which translate into c.6.1% dividend yield. BJAuto is currently trading at an undemanding valuation of 9.1x forward PER, which is at a steep discount of 35% against its industry average forward PER of 14.0x.

Source: Kenanga Research - 22 Jan 2016

Agreed Tuan Syed....relax.....

I am positive.....as long as the company is paying dividend....hold lah.....

http://klse.i3investor.com/servlets/ptres/34006.jsp

Bursa down...asiapoly up...Bursa up....Asiapoly bullish.....

Bursa down...Asia poly up......

icebaby88.....Please read the analyst report...I think it will give you some idea on the strength of the company.......

http://klse.i3investor.com/servlets/ptres/34006.jsp

average TP 1.94......according to analyst

Tuan Syed is very confident...Good for you.....Positive thinking....congrats

Analyst consensus....TP...2.55...3.35....4.15......When?....God knows...Good Luck....

why worry?.....hold lah.....

Signature International Bhd (XKLS:7246)
Intrinsic Value: DCF (FCF Based)
RM2.89 (As of Today)

As of today, Signature International Bhd's intrinsic value calculated from the Discounted Cash Flow model is RM2.89.


Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star).

average TP...2.75

China issue affecting whole market...from New York to Kuala Lumpur....

the exitement will be seen after this counter breaks 0.40......patient

if can hold....the average target is 1.95....

Short term target...1.46-1.55...

Who is collecting at 0.22?.....New strategic partner?.......

good bargain hunting......

What is your rationale?

_____________________

Keong Teoh...Becareful year 2016 year end window dress8ng only
30/12/2015 06:42

I absolutely agree....No doubt...

-----------------------------------------------
SyedIbrahim Beli Saja lah, TP min 0.50
30/12/2015 00:53

Many are waiting at the rock bottom.....

Analyst onsensus....3.16....3.66....4.15....Too good to be true.......

provided nobody manipulate.....can break 0.36

Wait for 0.80 sen......I stand corrected...

Wah Seong ( TP: RM1.06): To sell 25% stake in WDG Resources to Epilog Tegap. Wah Seong Corp has proposed to dispose of 25% of its stake in WDG Resources SB (formerly known as Advanced Piping Systems SB) for RM200,000 in cash to Epilog Tegap SB as part of WDG's expansion plan. The remaining 600,000 shares, or a 75% stake in WDG, will be taken up by Syn Tai Hung Trading SB, an indirect wholly-owned subsidiary of Wah Seong, for a total cash consideration of RM600,000. (Financial Daily)

my analysis is more conservative as compared to TA....

http://klse.i3investor.com/servlets/ptres/33342.jsp