Among all the public listed local banks (Alliance, AmBank, Affin, CIMB, Hong Leong, Maybank, Public Bank, RHB), is it fair to say BIMB is the worst managed bank? Very incompetent management RELATIVELY to the other banks. Fair or unfair statement?
I personally consider this counter is worth to buy for investment. EPF keeps on buying this counter. Amoungst bank counters, BIMB is the cheapest. Today the company has released its 1st Quarter report making 118millions, increased 11.49% compares to last year profit. It new NTA is valued at RM3.20 . This counter has good dividend with high DY. Best to buy for future investment. You buy cheaper bank shares is better than you deposits your money for FD .
KUALA LUMPUR (May 30): Bank Islam Malaysia Bhd's net profit rose 11.5% to RM118.09 million for the first quarter ended March 31, 2023 (1QFY2023), from RM105.92 million a year earlier, led by a jump in investment income.
Keep NEUTRAL, new MYR2 TP from MYR2.30, 7% upside with c.6% FY23F yield. BIMB’s 1Q23 net earnings missed estimates, from strong NIM compression and weaker-than-expected financing growth.
DJI boosted over 2.1% last Fri as the debt ceiling deal was passed and investors cheering for strong May 339,000 jobs report..
Previous data gave wrong impression. The Growth of Recruitment outpace No of Layoff in US..
Unfortunately Bursa is closed today. Singapore STI is now up by 48 points with Mabel Singapore Airlines, Top 3 South East Asia Banks and Plantation pushing the Index to the next level...
Tomorrow Mabel Malaysian Banks Maybank, CIMB and BIMB should be up lor..
kyliew oledi ALL IN ??or still thinking want to buy???hahahaha u keep talking since 2.50 until 1.80 ..at 1.80 u say i actually no buy tis share...now 1.76 u buy oledi? dun miss tis golden chance lor its easyly bounce back to 2.00 in july
Time to start accumulating ... too cheap to ignore. Yesterday's buy order below 1.8 was filled very nicely. BIMB is a prudent dividend payor, paying only 40%-50% of its net earnings in dividends. Yes, Consumer banking margins has dropped nearly 10% YoY, but look at how much the price has over-reacted. BIMB BNM capital ratios has not deteriorated. Dividend yields are now above 7% alone. The bank should continue to grow over time. Whilst I don't subscribe to "all in", serious considerations should be given to make this at least 5% of one's diversified stock portfolio, or a little bigger.
My 2nd buy order at 1.75 was filled. Getting close to 4% of portfolio now. If price makes new low, that may be my last buy at lower price. Now, it's do nothing and just wait for as long as it takes for market to come back to its senses.
1Q23 results were in line. Of the eight banks under our coverage, results from seven banks were in line with our and consensus expectations. Only BIMB missed our and consensus estimates, as both NIM and financing growth disappointed.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rfifth92
38 posts
Posted by rfifth92 > 2023-05-26 12:20 | Report Abuse
waiting at rm1.50