Posted by ok > 2023-04-25 16:30 | Report Abuse

waiting for next portfolio rebalancing. Tabung haji will pull up its price to make its asset value high as BIMB is its main holding. They won't let the share price free fall as maintaining the share price in high level will maintain TH investment value having good return which in turn gaining investor trust in TH depositors as the biggest ISLAMIC fund in malaysia.

Posted by curiousq > 2023-04-25 16:41 | Report Abuse

OMG！！ is going to punch through 2.00

Posted by seowdingdong > 2023-04-25 20:35 | Report Abuse

For the upcoming AGM, the board should face and give an well explanation for loss of price more than 50percent since last year. Do something. For coming proposed resolution still wanna to increase your director fees. Bang your head la bimbo

Posted by Henryjohny > 2023-04-25 20:42 | Report Abuse

hopefully can go below rm 2

Posted by chkhooju > 2023-04-25 21:09 | Report Abuse

It's just a matter of time. Maybe you can see it happening tomorrow.

Posted by rfifth92 > 2023-04-26 09:31 | Report Abuse

share consolidation. hahaha

Posted by azrudin84 > 2023-04-26 12:38 | Report Abuse

1.50 coming...falling knife..

Posted by fortunefire > 2023-04-26 13:11 | Report Abuse

another EON?

Posted by seowdingdong > 2023-04-26 13:32 | Report Abuse

Compare to other banks blood bath today after first republic bank collapse yesterday, bimbo still hold on tight at 2.01 today. Maybe 2 is the bottom price, time to rebound

Posted by Henryjohny > 2023-04-26 13:59 | Report Abuse

I really Hope it go below rm 1.50 ..

Posted by seowdingdong > 2023-04-26 14:21 | Report Abuse

Hope in your dreams lo..it can never come true

Posted by Siow Looi > 2023-04-26 14:37 | Report Abuse

Best banking company in the world

Posted by seowdingdong > 2023-04-26 17:06 | Report Abuse

Yes siow looi. I Wana to laugh. All banks red today, except bimb. Green! Up 1 c. Continue the good job tomorrow. Best bank indeed

Posted by Boyour > 2023-04-26 22:56 | Report Abuse

at Rm2 its cheap for me, i ll accumulated from Rm2 and below,..be greedy when others scary

Posted by XenDee > 2023-04-27 20:56 | Report Abuse

buy the dip

Posted by kyliew > 2023-05-01 14:56 | Report Abuse

Buy RM2.00 keep for 1-2 yrs, sell at RM3.00. Profit 50%

Posted by kyliew > 2023-05-01 14:56 | Report Abuse

Haven't included the dividend yet.

Posted by kyliew > 2023-05-01 14:56 | Report Abuse

Bank always is the safest option among other companies

Posted by kyliew > 2023-05-01 14:57 | Report Abuse

Institutional will "jaga" Bank Islam, wouldn't let it die one

Posted by kyliew > 2023-05-01 14:59 | Report Abuse

This trend we should put *kaw2* money to reap the rewards, not 1k or 2k investment

Posted by speakup > 2023-05-01 15:07 | Report Abuse

@kyliew, u tell ppl kawkaw masuk bimb, how much u masuk yourself ?

Posted by Mabel > 2023-05-01 23:31 | Report Abuse

#yliew This trend we should put *kaw2* money to reap the rewards, not 1k or 2k investment
01/05/2023 2:59 PM

#speakup @kyliew, u tell ppl kawkaw masuk bimb, how much u masuk yourself ?
01/05/2023 3:07 PM

Mabel bought BIMB much earlier in 2020. This is one of Mabel’s Value Buy Counter which Mabel just buy and forget just like Maybank, CIMB and Public Bank (previously). Decide to sell off Public Bank and focus on these 3 Banks.

Last year Mabel also bought BIMB Perpetual Sukuk Al Wakalah. Mabel's Maybank Premier Club made an attractive offer that Mabel cannot refuse..

Do you know that every year 1 % of Muslim Population in Malaysia will go for Hajj. Hajj is obligatory to those who can afford to go. There are 12 Million Muslim who are above 18 years old can qualify for this trip. For most of them it's a journey of a lifetimes.

In addition to the above, Muslim can perform Umrah at any time of the year. Here, there is no limits for the trip. Where do you think the Muslim park their money for this kind of trip?
Almost all pilgrim who goes for Hajj and Umrah will use BIMB as Tabung Haji are not allow to handle banking services in Saudi Arabia (new regulation). Hence BIMB has become TH preferred bank to serve the pilgrims. Completely Shariah Compliances.

REWARDS

Price-To-Earnings ratio (9.2x) is below the MY market (13.3x)

Earnings are forecast to grow 10.55% per year

Analysts in good agreement that stock price will rise by 28%

RISKs

After evaluating using Warren Buffett Economic Moat and Risk Analysis Framework, this algorithm calculates BIBM Business Performance includes Earnings, Free Cashflows, Return on Equity, Net Profit Margin, Interest Coverage and Dividends over the last 10 years. On a Scale of 1 to 10, it gives a score of 5 which is acceptable for Mabel's selection.

Few weakness in BIMB and one of them are in cashflows. FYI, there are three types of cash flow; operating, investing, and financing. Operating cash flow includes all cash generated by a company's main business activities while Investing cash flow includes all purchases of capital assets and investments in other business ventures. Currently BIMB Operating and Investing cashflow are negative. However, negative is not necessarily bad thing especially for investing as it is normal for bank to invest and expand. This usually translate to negative outflow for healthier future inflow. The negative cashflow in operation means they spend too on time and material, or if their customers don't pay them quickly enough, it will make their operating cash flow negative. They need to develop other strategies to recover their loan. Additionally, for bank this is normal for negative operating cash flow as bank main business activities are lend their money to customers while they are still expanding. So they lend more to clients so that their deposit also increases. This lending won’t give immediate return but it eventually in long run may recover as clients pay regularly.

Assets

Bank Islam Malaysia Berhad has total assets of MYR89.9B and total equity of MYR6.8B. Total deposits are MYR60.7B, and total loans are MYR64.9B.

Dividend

Bank Islam Malaysia Berhad is a dividend paying company with a current yield of 6.9% that is well covered by earnings and is in the top 25% of dividend payers in the MY market (5.34%). BIMB currently given Mabel the best Dividend Yield among Mabel Malaysia Portfolio even beating Maybank.

Company Annual Yield

Bank Islam Malaysia Berhad 6.9%
Malayan Banking Berhad 6.7%
PETRONAS Chemicals Group Berhad 5.8%
KLCC Property Holdings Berhad 5.4%
CIMB Group Holdings Berhad 5.1%
Sime Darby Berhad 4.8%
Sime Darby Property Berhad 4.3%
Gamuda Berhad 2.9%
Sunway Berhad 2.2%

Top 3 shareholders
Ownership Name Shares Current Value Change % Portfolio %
48.5%
Lembaga Tabung Haji, Endowment Arm 1,088,416,900 MYR2.2b 4.6% 21.07%
15.96%
Employees Provident Fund of Malaysia 358,253,859 MYR720.1m 11.9% 0.44%
13.02%
Permodalan Nasional Berhad 292,163,440 MYR587.2m 1.45% 0.4%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2022 results: EPS: RM0.23.
Revenue: RM2.16b (up 9.0% from FY 2021).
Net income: RM491.7m (down 8.0% from FY 2021).
Profit margin: 23% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses.
Cost-to-income ratio: 59.8% (up from 57.0% in FY 2021).
Non-performing loans: 1.27% (up from 0.96% in FY 2021).
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%.

Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Malaysia.

Mabel F1 strategy for BIMB: BUY Low Sell High BUT will definitely keep BIMB for Dividend play and most importantly BIMB support Mabel F8 activities ..

Not all treasure’s silver and gold, mate!

Captain Mabel Meow

Posted by fortunefire > 2023-05-02 11:14 | Report Abuse

Thanks Captain Mabel for sharing.

Posted by kyliew > 2023-05-02 20:18 | Report Abuse

All in!!

Posted by seowdingdong > 2023-05-02 21:24 | Report Abuse

Whenever I feel down over BIMB, I enjoy reading Mabel and kyliew views on the bank. Up up up.

Posted by Prosper05 > 2023-05-03 15:11 | Report Abuse

https://www.bnm.gov.my/-/monetary-policy-statement-03052023

Posted by Dakewlest > 2023-05-04 02:23 | Report Abuse

After reading Mabel’s comment, i am thinking to buy BIMB again this Friday.

Posted by stockraider > 2023-05-04 10:45 | Report Abuse

High Inflation is here mah!
Better than to fight it by increase interest than to do nothing loh!
If we do nothing ....the samething mentioned below wil eventually still happen mah!

Yes...if we increase interest rates earlier....it will benefit the banks in terms of better profit mah.....but fighting high inflation is a very important process loh!

Lu tau boh ?

Posted by wisdomtot > 37 minutes ago | Report Abuse

On another note, if interest rate increases above equilibrium, it means structure is broken. Costlier to do biz, means less biz expansion, less biz means less loan disbursement.. it means harder to achieve growth, as it may be offset by NPL also due to increasing rates. Let market forces decide where is the equilibrium.

Posted by kyliew > 2023-05-05 12:45 | Report Abuse

What ever it is, banking stock never fails me in my investments journey

Posted by stkoay > 2023-05-05 12:49 | Report Abuse

Posted by kyliew > 2022-10-13 23:52 | Report Abuse

Be prepared for long stock market downturn, say expertshttps://www.freemalaysiatoday.com/category/highlight/2022/06/22/be-prepared-for-long-stock-market-downturn-say-experts/

Posted by stkoay > 2023-05-05 12:50 | Report Abuse

Posted by kyliew > 2022-09-30 23:52 | Report Abuse

The Great Financial Crisis 2.0 Has Started
173,719 views Sep 30, 2022
ClearValue Tax
1.53M subscribers

https://www.youtube.com/watch?v=1cPD_eU5GCo&t=29s

Posted by stkoay > 2023-05-05 12:51 | Report Abuse

Posted by kyliew > 2022-09-22 09:29 | Report Abuse

2023 will be challenging for all countries, says Tengku Zafrul
https://www.freemalaysiatoday.com/category/nation/2022/09/21/2023-will-be-challenging-for-all-countries-says-tengku-zafrul/

FedEx CEO says he expects the economy to enter a 'worldwide recession'
https://www.youtube.com/watch?v=d8ykfpGooc4

Citi CEO Says US Will Have Difficulty Avoiding Recession
https://www.youtube.com/watch?v=cSUFXni1K8U

Elon Musk Says a US Recession Is More Likely Than Not
https://www.youtube.com/watch?v=gk-e6ybJ76I

Posted by stkoay > 2023-05-05 12:53 | Report Abuse

Posted by kyliew > 2022-09-23 12:05 | Report Abuse

Malaysia: Beyond Repair Or Salvation – OpEd
https://www.eurasiareview.com/12112021-malaysia-beyond-repair-or-salvation-oped/

Posted by kyliew > 2023-05-05 14:07 | Report Abuse

Hahaha

Posted by pang72 > 2023-05-05 14:12 | Report Abuse

So teruk meh

Posted by kyliew > 2023-05-05 14:14 | Report Abuse

If Msia can't, u know u still can buy overseas markets right?

Posted by kyliew > 2023-05-05 14:15 | Report Abuse

Spore (DBS, Ocbc, UOB)

Posted by kyliew > 2023-05-05 14:16 | Report Abuse

During 2020 crash, if u any of the mentioned stock u would reap a "V-shape" return... Go n look at the graph

Posted by kyliew > 2023-05-05 14:18 | Report Abuse

Rich ppl here dun buy Bursa stock for long term investment. If they did, just for fun or in other words "gambling"

Posted by kyliew > 2023-05-05 14:20 | Report Abuse

Look at our Bursa index 10 yrs ago and current.

Posted by kyliew > 2023-05-05 14:21 | Report Abuse

US (JP, BOA, Fargo)

Posted by stkoay > 2023-05-05 22:07 | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/67156

On Bank Islam, we have lowered our FV to RM2.30/share from RM2.80/share after factoring in higher credit cost assumptions of 35bps/30bps for FY23F/24F from 20bps previously.

Source: AmInvest Research - 5 May 2023

Posted by Mabel > 2023-05-06 08:12 | Report Abuse

kyliew Spore (DBS, Ocbc, UOB)
05/05/2023 2:15 PM

Haha Mabel also collect all 3...

https://www.freemalaysiatoday.com/category/business/2023/05/02/maybank...

Banking stock will fly with higher interest increase of 0.25%. So nice to see 3 of Mabel’s Bank selection are in the Malaysian Top 5. You can always count on the Singapore Bank, they contributed two of them.

PETALING JAYA: Forbes has partnered with market research firm Statista to collect customer feedback in order to uncover the world’s best banks in 2023.

According to the survey, Malayan Banking Bhd (Maybank) claimed the top spot for the best bank in Malaysia, followed by United Overseas Bank (UOB) and Standard Chartered in third place. Singaporean OCBC and New York-based Citibank claimed fourth and fifth place respectively.

Statista surveyed more than 48,000 customers in 14 languages and 32 countries for their opinions on their current and former banking relationships. Banks were rated on customers’ general satisfaction (30% of the final score) and whether they would recommend the bank (30%). The final 40% came from customer ratings in five key areas: trust, terms and conditions, digital services, customer services and financial advice.

Meow

Posted by Mabel > 2023-05-08 09:34 | Report Abuse

Today BIMB will test the 20 Moving Average..

Mabel think it will break this level..

Meow Meow Meow

Posted by XenDee > 2023-05-10 12:13 | Report Abuse

buy the dip

Posted by freddiehero > 2023-05-10 12:14 | Report Abuse

macam ade ka

Posted by stkoay > 2023-05-10 16:34 | Report Abuse

2.00 support broken, very weak indicator.....

Posted by speakup > 2023-05-10 18:34 | Report Abuse

Lu ingat lu siapa? 100% chairman takkan layan u

Posted by kyliew > 2023-05-11 13:00 | Report Abuse

Top up done

Posted by kyliew > 2023-05-11 13:02 | Report Abuse

RM2.00!! This is insane price offer!!!!