BANK ISLAM MALAYSIA BERHAD

KLSE (MYR): BIMB (5258)

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Last Price

2.47

Today's Change

-0.04 (1.59%)

Day's Change

2.46 - 2.51

Trading Volume

791,600


32 people like this.

9,270 comment(s). Last comment by speakup 3 days ago

Dakewlest

1,746 posts

Posted by Dakewlest > 2023-08-29 20:36 | Report Abuse

QR out, better than last quarter. Maybe can reach RM2.50 faster than expected.

Posted by Penang_lang > 2023-08-30 09:26 | Report Abuse

RM 2.2 also hard how to reach RM 2.5?

JrWarren

69 posts

Posted by JrWarren > 2023-08-30 10:36 | Report Abuse

@Mabel
U also bought this?
I can see the outlook is improving after the restructure with revenue and profit increase gradually. Gross NPL also drop to 1.07%.

@kyliew
BIMB got dividend reinvestment plan which similar to Maybank, by doing this the cash / capital will not leave the company, then BIMB can use the dividend fund to lend out again and making profit, it is a triple win on no capital / retain earning outflow, compliance on BNM capital ratio, EPF / institutional investor accumulate more share and sell the share in secondary market at higher price. FYI got 90% shareholders actually opt for dividend reinvestment plan to enjoy better return.

Mabel

23,156 posts

Posted by Mabel > 2023-08-30 11:04 | Report Abuse

#JrWarren @Mabel
U also bought this?
I can see the outlook is improving after the restructure with revenue and profit increase gradually. Gross NPL also drop to 1.07%.

30/08/2023 10:36 AM

Yes JR together with Maybank and CIMB. Below is what I shared in March why Mabel decided to sell Public Bank and replaced it with BIMB..

To Our Success !

Meow

Stock: [BIMB]: BANK ISLAM MALAYSIA BERHAD

Mar 9, 2023 11:05 PM | Report Abuse

#speakup @kyliew, can u share why u buy bimb besides it at record low price?
09/03/2023 10:00 PM

Here's why..

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? Surely they will park their money in BIMB. BIMB is a basically the preferred bank for Tabung Haji. Completely Shariah Compliances.

REWARDS

Trading at 3.8% below our estimate of its fair value

Earnings are forecast to grow 11.74% per year

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.

Full year 2022 earnings released: EPS: RM0.23 (vs RM0.22 in FY 2021)

Full year 2022 results:
EPS: RM0.23.
Revenue: RM2.16b (up 9.1% 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.

Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Malaysia.

To Our Success !

Meow

Mabel

23,156 posts

Posted by Mabel > 2023-08-30 11:06 | Report Abuse

#Dakewlest Mabel, any personal TP for BIMB?
27/08/2023 5:11 AM

Mabel usually follow Maybank TP which is RM 2.20. However as you can see AmInvest is more bullish witha TP of RM 2.50..

To Our Success!

Meow

Mabel

23,156 posts

Posted by Mabel > 2023-08-30 11:11 | Report Abuse

Another reason why Mabel loves BIMB is because it gives good Dividend compare to Mabel's other Collection of Great Companies. In addition, this Bank is supported by Institutional Investors..

List of Dividend Payers

Company Annual Yield
Bank Islam Malaysia Berhad 6.6%
Malayan Banking Berhad 6.4%
Sime Darby Berhad 5.8%
PETRONAS Chemicals Group Berhad 5.7%
KLCC Property Holdings Berhad 5.6%
CIMB Group Holdings Berhad 4.6%
Sime Darby Property Berhad 2.9%
Sunway Berhad 2.7%
Gamuda Berhad 2.7%

To Our Success!

Meow

Mabel

23,156 posts

Posted by Mabel > 2023-08-30 11:18 | Report Abuse

A decent set of 2Q23 results

Bank Islams 1H23 earnings were within our expectations and we tweak earnings up by 2-4% for FY23-25E. Positively, the bank bucked the industry trend with a QoQ improvement in NIM and its gross impaired financing ratio. We maintain a HOLD on Bank Islam with a slightly higher TP of MYR2.20 (from MYR2.05) on rolling forward valuations to FY24E on an unchanged PBV of 0.7x (FY24E ROE: 7.1%).

Meow

Dakewlest

1,746 posts

Posted by Dakewlest > 2023-08-30 19:51 | Report Abuse

Yes, Mabel, to our success.

speakup

24,961 posts

Posted by speakup > 2023-08-30 20:40 | Report Abuse

@Mabel, u like yields, buy some REITS. Some REITS give 5-6% dividend

Posted by Penang_lang > 2023-08-31 04:26 | Report Abuse

2023-08-30

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 500,000 shares on 25-Aug-2023.

Mabel

23,156 posts

Posted by Mabel > 2023-08-31 08:10 | Report Abuse

#Dakewlest Yes, Mabel, to our success.
30/08/2023 7:51 PM

Indeed, our Success has cum...

BIMB Second quarter 2023 results:

EPS: RM0.06 (up from RM0.054 in 2Q 2022).
Revenue: RM544.3m (up 5.6% from 2Q 2022).
Net income: RM136.1m (up 16% from 2Q 2022).

Profit margin: 25% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue.

Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Malaysia.

Happy Merdeka Every One !

To Our Success!

Meow Meow Meow

Mabel

23,156 posts

Posted by Mabel > 2023-08-31 08:32 | Report Abuse

speakup @Mabel, u like yields, buy some REITS. Some REITS give 5-6% dividend
30/08/2023 8:40 PM

Indeed speakup!

Previously, beside KLCC Mabel also has IGB, Pavilion and Sunway REIT. Now Mabel keep only KLCC (5.6% Yields) for Malaysia and CapitaLand Integrated Commercial Trust (5.5% Yield) and Keppel REIT (6.8% Yield) in Singapore.

So currently, Mabel’s Real Estates covers 2 S-REITs and 1 M-REITs :

S-REITs

CapitaLand Integrated Commercial Trust (SGX: C38U), or CICT for short, is a commercial and retail REIT with a diversified portfolio of properties in Singapore, Germany, and Australia. They own and invests in income-producing assets, which are used for retail purposes primarily in Singapore. Its portfolio consists of approximately 3,100 leases with local and international retailers and has a committed occupancy of approximately 97.6%. It is leader in Singapore and Asia’s third largest REIT just behind Mulan’s Hong Kong’s Link REIT and Australia’s Scentre Group. It Assets Under Management of S$24.2 billion as of 31 December 2022. This week CapitaLand Investment has acquired six rental housing assets in Japan for $141.4 mil.

Keppel REIT is one of the biggest office landlords with a market cap of $3.6 billion. It owns and manages 12 office buildings across Singapore, Australia, and Korea. These are prime grade-A offices. In Singapore, it owns some of CBD’s most iconic buildings, including a 79.9%-stake in Ocean Financial Centre, 33.3%-stake in Marina Bay Financial Centre, 33.3%-stake in One Raffles Quay and Keppel Bay Tower.

M-REIT

KLCC is Malaysian Iconic Building with The Petronas Twin Towers. It was the world's tallest twin skyscrapers and remained the tallest buildings in Malaysia until 2019, when they were surpassed by The Exchange 106. TDM once said it will eternally remain the World’s Tallest Building when you add the two tower together. Full year 2022 earnings exceed analysts’ expectation.

Perhaps this is the most perplexing. Mabel’s Biggest S-REIT has a Market Capitalization of SGD 12.765 billion while Mabel’s Biggest M-REIT has a Market Capitalisation of RM 12.4 billion. That mean CICT is 3.5X bigger that KLCC.

To Our Success!

Meow

Mabel

23,156 posts

Posted by Mabel > 2023-08-31 11:18 | Report Abuse

Noted and thanks speakup..

Cheers

Meow

5354_

4,506 posts

Posted by 5354_ > 2023-09-04 21:12 | Report Abuse

2.15 meaning at least RHB & Kenanga latest TP clearly wrong.

Posted by Penang_lang > 2023-09-07 20:52 | Report Abuse

Bank Islam started by Anwar. Visited Anwar facebook only know about it.

Posted by Penang_lang > 2023-09-07 21:15 | Report Abuse

023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 550,000 shares on 04-Sep-2023.

2023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 434,200 shares on 04-Sep-2023.

2023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 200,000 shares on 04-Sep-2023.

Posted by Penang_lang > 2023-09-15 10:29 | Report Abuse

14 sen dividend next QR can announce?

cwc1981

970 posts

Posted by cwc1981 > 2023-09-19 12:16 | Report Abuse

Sure can

kyliew

1,383 posts

Posted by kyliew > 2023-09-20 19:11 | Report Abuse

Come RM2.50..... Money

5354_

4,506 posts

Posted by 5354_ > 2023-10-09 17:10 | Report Abuse

Up 6 sen because EPF buy more after selling Affin?

kyliew

1,383 posts

Posted by kyliew > 2023-10-09 20:07 | Report Abuse

Faster I'm waiting to sell at RM2.50

kyliew

1,383 posts

Posted by kyliew > 2023-10-11 12:43 | Report Abuse

I may sell depends on situation below RM2.50.....Still profit... Haha

kyliew

1,383 posts

Posted by kyliew > 2023-10-11 17:32 | Report Abuse

Faster...

Posted by DividendGuy67 > 2023-10-11 21:28 | Report Abuse

2.24 ... Nice! I have been overweighted this stock with an average entry price of 1.86.

speakup

24,961 posts

Posted by speakup > 2023-10-11 22:00 | Report Abuse

Still can buy? Or too late already?

5354_

4,506 posts

Posted by 5354_ > 2023-10-12 09:52 | Report Abuse

2.28 done how can trust latest Kenanga TP only RM 2.15?

5354_

4,506 posts

Posted by 5354_ > 2023-10-12 10:02 | Report Abuse

RM 2.5 year 2022 price?

kyliew

Faster I'm waiting to sell at RM2.50

2 days ago

troy88

2,538 posts

Posted by troy88 > 2023-10-12 10:25 | Report Abuse

Kenanga is a useless analyst. Those who followed them on gloves all went to holland and never came back..

Posted by kokchengkai > 2023-10-12 15:15 | Report Abuse

greenwave tak jadi ,harga lagi kuat naik ,investor banking sector looklike tidak berapa minat warna hijau

speakup

24,961 posts

Posted by speakup > 2023-10-12 21:28 | Report Abuse

can still buy? or too late d?

kyliew

1,383 posts

Posted by kyliew > 2023-10-13 17:12 | Report Abuse

RM2.50 sell order

kyliew

1,383 posts

Posted by kyliew > 2023-10-13 17:12 |

Post removed.Why?

Posted by DividendGuy67 > 2023-10-13 19:33 | Report Abuse

@speakup, given recent breakout, some momentum traders might be buying as it appears to be on the uptrend since June lows. Personally, as I am overweighted, I am not buying. In fact, I'll be looking to sell some ~ 10% holdings on strength to these momentum buyers at various points on the way up 😂. I am prudently expecting this year's dividend to be at least 13.5 sen (LY 13.8 sen), which is giving me a Dividend yield on cost of 7.4%. My goal is to hit around Dividend Yield on cost of 10% at average long term portfolio weighting and then I can forget.

Dakewlest

1,746 posts

Posted by Dakewlest > 2023-10-13 19:43 | Report Abuse

Thinking of buying again when the price drops…

speakup

24,961 posts

Posted by speakup > 2023-10-14 08:46 | Report Abuse

@DividendGuy67 thank you
and what is your TP?

kyliew

1,383 posts

Posted by kyliew > 2023-10-17 16:02 |

Post removed.Why?

JrWarren

69 posts

Posted by JrWarren > 2023-11-28 18:46 | Report Abuse

Finally BIMB business back to usual with lower NPL ratio and better revenue.
6% dividend this year.

Posted by Mun Peng > 2023-11-28 19:37 | Report Abuse

Yup, decent QR

5354_

4,506 posts

Posted by 5354_ > 2023-11-28 22:07 | Report Abuse

12.59 sen interim dividend declared without DRP.

speakup

24,961 posts

Posted by speakup > 2023-12-01 09:16 | Report Abuse

Before results out was below 2.20.
2.20+0.12=2.32
Market already priced in the dividend

Mabel

23,156 posts

Posted by Mabel > 2023-12-02 09:38 | Report Abuse

Bank Islam Malaysia Berhad

Share Price 7 Day 1 Year
2.30 5.0% -11.2%


Bank Islam Malaysia Berhad Announces Single-Tier Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 12 January 2024

Bank Islam Malaysia Berhad announced single-tier interim dividend of 12.59 sen per ordinary share for the financial year ending 31 December 2023, payable on 12 January 2024. Entitlement date is 19 December 2023. Ex-date is 18 December 2023.

Thank you BIMB!

hhhiii123

672 posts

Posted by hhhiii123 > 2023-12-02 21:03 | Report Abuse

let's go 12 cent dividend

troy88

2,538 posts

Posted by troy88 > 2023-12-05 10:29 | Report Abuse

Very steady. Happy to receive big dividend

speakup

24,961 posts

Posted by speakup > 2023-12-08 13:25 | Report Abuse

EPF strong support at 2.30

speakup

24,961 posts

Posted by speakup > 2023-12-15 09:21 | Report Abuse

EPF goreng

troy88

2,538 posts

Posted by troy88 > 2023-12-15 11:21 | Report Abuse

Solid!

Mabel

23,156 posts

Posted by Mabel > 2023-12-24 21:37 | Report Abuse

Haha don't worry...Santa is cuming to town..

NEW YORK (Dec 23): Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains. The S&P 500 is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The benchmark index is also on track for its eighth straight positive week.

If history is any indication, that momentum is likely to continue in the short term. The end of the year tends to be a strong period for stocks, a phenomenon dubbed the “Santa Claus Rally”. The S&P 500 on average has gained 1.3% in the last five days of December and first two days of January, according to data from the Stock Trader's Almanac going back to 1969. Those gains have been pinned on reasons varying from buying before the new year following tax-related sales to general holiday hopefulness.

This year, optimism is high. The Federal Reserve (Fed) surprised investors earlier in December by signaling that its historic monetary policy tightening is likely over and projecting rate cuts into 2024, following signs that inflation is continuing to moderate. Data on Friday supported that trend, showing annual US inflation, as measured by the personal consumption expenditures price index, slowed further below 3% in November.

Bursa Malaysia is anticipated to stage a rebound next week, buoyed by continuous support from foreign funds and improving economic conditions. From a technical perspective, the FTSE Bursa Malaysia KLCI (FBM KLCI) failed to surpass the critical resistance level of 1,465 despite a few attempts, followed by four consecutive days of decline and broke below the 20-day exponential moving average (EMA) on Friday. However, as the index has managed to hold above its 50-day EMA, the odds of an upside move are increasing. Hence, we believe the benchmark index is still in a consolidation mode with a slight positive bias.

As such, we anticipate the benchmark index to trend within the 1,450-1,470 range for next week, with immediate support at 1,450 followed by 1,440. On a Friday-to-Friday basis, the FBM KLCI fell 7.87 points to end the week at 1,454.38 versus 1,462.25 a week ago.

Meow

Posted by DividendGuy67 > 2024-01-15 20:51 | Report Abuse

Finally received BIMB dividend. A nice 12.59 sen. Dividend yield on Cost is 6.7%. Price gain is 19%. Holding less than a year. BIMB beats my benchmark of 9% per annum very, very handsomely.

Thank-you BIMB, for helping made my portfolio to new all time high again today. 7th time this month in January!

rlch

4,126 posts

Posted by rlch > 2 months ago | Report Abuse

No dividend Affin RM 2.65 why BIMB so cheap?

speakup

24,961 posts

Posted by speakup > 2 months ago | Report Abuse

Cos Affin ada orang main

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