By this week it will easily touch 2.30, resistance at 2.33, if its break resistance, price could go to 2.50 easily. It is just technically, However risks factor based on news from Europe about Greece. which will effect investor not to buy or throw away. But Good support at 2.10, better buy mother than warrant in this situation to minimize the losses.
Bank Islam Malaysia Bhd, the country’s oldest Islamic bank, is in early talks to buy a stake in PT Bank Muamalat Indonesia, sources said. Bank Muamalat is Indonesia’s second largest Islamic lender. “The size of the stake could be slightly below the mandatory general offer trigger level (of 33 per cent)... it ultimately depends on Bank Muamalat’s shareholders,” one of the sources told Business Times.
Bank Islam managing director Datuk Seri Zukri Samat confirmed that the bank was in preliminary talks with an Indonesian Islamic lender but declined to say if it was Bank Muamalat.
"The most important thing is we can do equity accounting. The whole idea is to get a foot in," he said.
Boikot: we bought cb at 0.085, still money in bank.... BIMB is good company.... People just throw, worry abt Europe downgrade, just that all....most trader always scared when bad news came out...when good nes come out they become greedy....that is the stock market...BIMB game not over yet....my friend he is good TA trader, told me bimb at safe mode...
BIMB is a Islamic bank. Will be more Shariah Compliance and away from EU scare...they are buying 2nd Indonesian bank by invitation by the indonesian central bank
Chong: Yes it will shoot very soon. Just matter of time. JAson: Agree with u Sheridan: It is not about shariah or not, market always move based on demand and supply. Economy or politic, news also can effect it. Also moved on fear and greedy.
This week i just away from stock market, because market very bad this week. I also warn some of my friend last week, that this week do not trade until got any progress from euro...Today spain n italy being downgrade. The problem not just only greece. alot to came after this. Euro is out already not matter what they do. bankrupt already.
KLCI Stochastic also very high now 97%, that is not good. Will drop. Hope Bimb shoot tomorrow. 2.30 also ok. Then we can take our profits and waiting for euro progress. So risks now.
Relax all be an investor not a speculator BIMB will easily surpass last year's high on the 2nd Q ........just wait for the announcement ...... 4Q profits also yet to announce but heard profits was encouraging .......so just wait awhile longer ......
BIMB quarter results could be out in a day or 2 perhaps....expect good results . So go for it & just see it fly higher to TP of $2.50 to $2.70 perhaps. BIMB share price is the cheapest among all banking shares & interest in Malaysian bank stocks on the rise. Time for you all to start collecting like I do. Remember EPF is buying & buying & you better follow, hee, hee,hee
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....
sheridansulik
512 posts
Posted by sheridansulik > 2012-02-11 09:19 | Report Abuse
Don't worry bro, year of the dragon! Fire all! Hahahah, can't be greedy and can't be too inpatient!