Posted by Mabel > 2024-08-28 11:43 | Report Abuse

Meow Meow Meow

Posted by Mabel > 2024-08-28 13:04 | Report Abuse

Second quarter 2024 earnings released: EPS: RM0.061 (vs RM0.06 in 2Q 2023)

Second quarter 2024 results:
EPS: RM0.061 (up from RM0.06 in 2Q 2023).
Revenue: RM590.2m (up 8.4% from 2Q 2023).
Net income: RM137.2m (flat on 2Q 2023).

Profit margin: 23% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses.

Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in Malaysia.

Today BIMB climbs 2.69 %

To Our Success !

Meow

Posted by Mabel > 2024-08-28 18:04 | Report Abuse

Yesterday was Bank Islam, Maybank just released their Result

MAYBANK 2nd Quarter 2024

1. Maybank 2nd Quarter 2024 net profit increased 8.2% to RM2.53 billion. This is due to lower provisions and tax expenses.
2. According to its filing with Bursa, Maybank maintains its target to achieve return-on-equity (ROE) of 11% for FY2024.
3. The company announced a dividend of 29 sen per share similar to the level announced last year.

Next is CIMB

Yum Yum

Posted by TheContrarian > 2024-08-30 18:36 | Report Abuse

Two days ago put buy order at RM2.56. Didn't realize my order was done until I checked my account today.

Posted by Mabel > 2024-08-31 00:47 | Report Abuse

Diversifying across several banks is a smart approach, especially when focusing on dividend yields. This strategy can help spread risk and take advantage of the strengths of different institutions. Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024 for most):

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

Happy Merdeka Every One!

Meow Meow Meow

Posted by Mabel > 2024-09-04 00:00 | Report Abuse

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

Posted by Ubaidah At-Tasiki > 2024-09-04 17:25 | Report Abuse

I personally target bimb rm 3

Posted by TheContrarian > 2024-09-05 17:00 | Report Abuse

BIMB holding up well.

Posted by Mabel > 2024-09-12 17:45 | Report Abuse

It seems all Mabel's 3 Banks took a slight deep today...

So Far all 3 Banks are holding up steadily...

Posted by Mabel > 2024-09-19 09:00 | Report Abuse

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

Posted by Mabel > 2 months ago | Report Abuse

Look like Mabel's 3 Great Builders of Infrastructures, Properties and Data Centers; Gamuda, Sunway and Sime Darby Property are on it's way to hit all time high...

Soon Banks will be joining soon..

Posted by Syah919 > 2 months ago | Report Abuse

https://themalaysianreserve.com/2024/08/28/hlib-research-upgrades-bank-islam-shares-to-buy-target-price-rm3-10/

Posted by mf > 2 months ago | Report Abuse

U.S. boosts air support and hikes troops’ readiness to deploy for Middle East

Posted by Mabel > 2 months ago | Report Abuse

This week $BIMB (5258.MY)$ has launched the second tranche of its RM5 billion sukuk wakalah program, totaling RM250 million. This additional tier-1 capital sukuk wakalah, which has a perpetual non-callable period of five years, received a long-term rating of A3 from RAM Rating Services Bhd. The funds raised from this issuance will be allocated towards financing the bank's general working capital needs and other corporate purposes.

Two years ago I subcribed to BIMB 1st Tranche RM5.82 billion sukuk wakalah to support our Islamic Bank after evaluating the Bank using Warren Buffett Economic Moat and Risk Analysis Framework using Jitta, 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 below Buffet Business School recommendation above 7 to make a viable Business Investment.

Despite below Par rating Mabel decided to invest on the 1st Tranche Sukuk since 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.

As a shareholder of BIMB, the issuance of the second tranche of its RM5 billion sukuk wakalah program can be seen as a positive development. Well Done BIMB!

Posted by sg999 > 2 months ago | Report Abuse

Dividen coming on NOV. What is your guess mabel? 0.16?

Posted by Mabel > 2 months ago | Report Abuse

“In the end banking is a very good business unless you do dumb things. You get your money extraordinarily cheap and you don't have to do dumb things. But periodically banks do it, and they do it as a flock, like international loans in the 80s. You don't have to be a rocket scientist when your raw material cost is less than 1.5%.”

Warren Meow Buffett

Posted by Mabel > 2 months ago | Report Abuse

#sg999 Dividen coming on NOV. What is your guess mabel? 0.16?
04/10/2024 12:55 AM

It's possible sg999...

Bank Islam Malaysia Berhad (BIMB) has a consistent history of paying dividends. Here are some highlights from recent years:

2023:
Interim Dividend: 0.1259 MYR per share (yield: 5.25%)
Second Interim Dividend: 0.0422 MYR per share (yield: 1.76%)
2022:
Interim Dividend: 0.104 MYR per share (yield: 4.33%)
Second Interim Dividend: 0.034 MYR per share (yield: 1.42%)
2021:
Interim Dividend: 0.1093 MYR per share (yield: 4.55%)
2020:
Interim Dividend: 0.126 MYR per share (yield: 5.25%)
2019:
Interim Dividend: 0.16 MYR per share (yield: 6.67%)

BIMB has shown a strong commitment to returning value to its shareholders through regular dividend payments

When comparing Bank Islam Malaysia Berhad (BIMB) to other banks in terms of dividends, here are some key points to consider:

Dividend Yield: BIMB has a relatively high dividend yield compared to many other banks in Malaysia. For instance, its recent dividend yield has been around 5-6%, which is quite attractive for dividend investors.

Consistency: BIMB has a strong track record of paying consistent dividends over the years. This consistency can be appealing to investors looking for reliable income.

Comparison with Major Banks:

Maybank (Malayan Banking Berhad): Maybank is known for its high dividend payouts, often yielding around 6-7%.

Public Bank Berhad: Public Bank typically offers a lower yield compared to Maybank and BIMB, usually around 3-4%.
CIMB Group Holdings Berhad: CIMB’s dividend yield is generally in the range of 4-5%.

Sector Performance: The overall performance of the banking sector can influence dividend payouts. Banks with strong earnings and growth prospects are more likely to maintain or increase their dividends.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and economic growth also play a significant role in determining dividend policies.

Overall, BIMB stands out for its relatively high and consistent dividend yield, making it a competitive option among Malaysian banks for dividend-focused investors.

As always trade at your own risk..

To Our Success !

Meow

Posted by Mabel > 1 month ago | Report Abuse

Let see if Santa is cuming to town at the end of this year.

Yesterday, Bursa Malaysia’s FBM KLCI closed at 1,645.99 points, a 0.28% increased. Market Outlook: Bursa Malaysia is expected to rise, with the FBM KLCI index potentially surpassing 1,780 points by the end of the year.

The Malaysian ringgit is expected to strengthen against the US dollar, potentially reaching RM4.10 to RM4.20 by the end of 2024.

Meow Meow Meow

Posted by Ny036 > 1 month ago | Report Abuse

When dividend will declare?
More than 12cents?

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

44,293.13

+304.14

0.69%

Nasdaq

NASDAQ Composite

19,298.76

+11.98

0.06%

Posted by Mabel > 1 month ago | Report Abuse

#Ny036 When dividend will declare?
More than 12cents?
07/11/2024 12:47 AM

Just like PCHEM, Bank Islam Malaysia Berhad (BIMB) is expected to announce its quarterly results (QR) on November 28, 2024. BIMB has a strong track record of paying consistent dividends over the years. Last year Dividend Yields is 7%.

The stock remains in a sideways range but recently tested its 52-week high of MYR2.80 on increased volume. A breakout above this level would signal bullish continuation, supported by the higher lows structure that completes an ascending triangle pattern. With the recent rise in the RSI, a breakout appears imminent, potentially starting a new upcycle

To Our Success !

Meow

Posted by sg999 > 1 month ago | Report Abuse

Yes supporting by dividen 0.16!

Posted by nisah395 > 2 weeks ago | Report Abuse

Dumping 2.70?

Posted by aihuey2024 > 2 weeks ago | Report Abuse

Any dividend announcement?

Posted by gankm > 2 weeks ago | Report Abuse

no dividend, semua kena tipu

Posted by Mabel > 2 weeks ago | Report Abuse

Probably next quarter...

Posted by speakup > 2 weeks ago | Report Abuse

lain kalilahhhhhh

Posted by Mabel > 2 weeks ago | Report Abuse

Next quarter Dividend will cum...

Third quarter 2024 earnings released: EPS: RM0.058 (vs RM0.062 in 3Q 2023)

EPS: RM0.058 (down from RM0.062 in 3Q 2023).
Revenue: RM584.4m (up 1.5% from 3Q 2023).
Net income: RM130.4m (down 7.2% from 3Q 2023).

Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses.

Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.

Posted by marzuq > 2 weeks ago | Report Abuse

👀

Posted by itsTony > 1 week ago | Report Abuse

🤣🤣

Posted by Mabel > 1 week ago | Report Abuse

December 4th (Malaysia Time) - $BIMB (5258.MY)$ is trading ex-dividend on December 17th, 2024.

Shareholders of record on December 18th, 2024 will receive 0.11 MYR dividend per share on January 10th, 2025. The ex-dividend date is December 17th, 2024.

Posted by Mabel > 1 week ago | Report Abuse

Dividend of RM0.11 announced
Shareholders will receive a dividend of RM0.11.
Ex-date: 17th December 2024
Payment date: 10th January 2025
Dividend yield will be 5.8%, which is higher than the industry average of 5.1%.
Sustainability & Growth

Dividend is well covered by earnings (17% payout ratio) and is expected to be covered in 3 years' time (59% forecast payout ratio).
The dividend has increased by an average of 15% per year over the past 3 years and payments have been stable during that time.
EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover.