All lot of kiasi ppl panic selling ,running like headless chicken la,they worry about the Greece crisis will last a long time.when ppl fear,running,I'm coming..haha.the most important thing is u must hv strong holding power,it's good timing..
Today all Asia badly mauled & the worst is Hong Kong where the index drop 634 points, roughly 3.19%, Malaysia bad too as down by 1.6%.....just like it drop when North Korea send a few cannon balls into South Korea a few months back...hee, hee, hee.
Only the brave & fearless sapu plenty of cheap sales today & hopefully it's not going to a cheat sale, hee, hee,hee
Yesterday headless chickens running wildly & madly without any directions, hee, hee, hee.
Time to buy today too? The decision is totally yours....remember this BIMB $ son CC had been down by 44 cents & 11 cents respectively.
Yesterday kaisu & kiasi throw, I bravely buy & today too I will do the same...just to collect my dividend of 7.25 cents, 4 more days to ex date & then waiting for the 1st Quarter Report of 2012 in another 4 or 5 days after the ex dividend...report should be good too. Still better is the hope that the MD Dato' Sri Zukri Samat will say something about buying a big stake in an Indonesia Islamic bank.
CEO Johan pointed out that last year, the group had a gross non-performing financing (NPF) ratio of 2.61 which is very much lower than the NPF ratio of 2.7 for the industry.
By June 2012, BIMB will open 3 more branches namely in Bukit Jelutong (Shah Alam), Cyberjaya and Ipoh by June, which will enlarge its network to 125 branches nationwide.
For loan growth, their target is 13% to 15% for this year...wow
Chairman Samsudin Osman said this....another nine new branches are also in the pipeline.
Meanwhile Maybank Investment Bank (IB) Research said in a recent report that BIMB Holdings' growth over the next few years will be driven by domestic activities.
“Indonesia really is the icing on the cake over the longer term.”
So continue buying with the TP of $2.95 cents.
If takeover by Maybank or CIMB, price is between $3.76 to $4.28 cents.
Holdings Bhd’s unlisted unit Bank Islam Malaysia Bhd is still in preliminary discussions with PT Bank Muamalat Indonesia Tbk to acquire a stake in the latter.
“Indonesia is a market that we are looking at [to expand banking operations] but we are still at the very early stage of discussions. So there is nothing for us to announce as there is no material development,” said BIMB managing director Johan Abdullah after the group’s AGM yesterday.
Johan was responding to a news report earlier in the year that BIMB was looking at buying a stake in Bank Muamalat Indonesia.
Due to the regulatory uncertainty in Indonesia, Johan said that the group is also engaging with the Indonesian authorities before it makes any decision to invest in the republic’s capital market.
“We don’t want to get into the situation where we put in a lot of money and then we have to pare down our investments there,” he said.
Foreign investors which hold majority stakes in Indonesia’s banks are jittery following reports that the republic’s market regulator is seeking to limit foreign shareholdings in certain economic sectors including financial services.
Bro chong,bimb flying now,as yesterday just the kiasi small retailer throwing n running like headless chicken,the big shareholder all hold very tier ,tp 2.90 this mth..cheers
bro.chong,i've been following ur blog & did a bit of homework myself.thks for ur generous sharing.bought some bimb few days back,wanted to pick some warrants but not sure how it works.Can sent ur analysis to me ,noblepll@gmail.com Thank you.
There's always the possibility ,as I have seen so many counters ,that the price sometimes goes up even after the ex-dividend keeping in mind of the TP of $2.95
BIMB cheaper by 59 cents since the high at 2.70 & son CC cheaper by 50% already....still good to pick up for this good counter...another 4 or 5 days the 1st Quarter will be out....should be good too by looking at it's last performance.
DJIA opened with a green on Monday trading. Hope it stays that way until the end of trading day. Perhaps there will be spillover effect on BIMB on Tuesday.
Europe mostly green; DJIA at +92 (0.75%), S&P +14 (1.14%) - hope it stays this way. But with DJIA, you just never know. Been quite volatile and choppy lately - green sometimes in red and vice versa. Hopefully, the Asian markets, including us, will start having more confidence and less fear. The Germany/France and EU finance ministers' meeting is crucial. Plus China's plan to stimulate its economy. All of these will help counter the Greece/Spain fears.
I think BIMB & son will be higher today but should have happened yesterday but someone keeps pushing it down. Seems they had collect enough these last few days. Are we to see it gets goreng today?
It could possibly reach as high as $2.50 & once past this we could see it reach as high as $2.60......if tonight DJ performs good, then we can see BIMB open high at $2.47, just maybe.
So, are we to see a repeat performance of BIMB reaching $2.78 again and then to $2.90??, keeping in mind that the 1st Quarter Report of 2012 is due in a few days time....should be a good quarter I presume.
Too bad DJ went down flat again in the end of trading day. Haih.. But if BIMB can sustain with it's coming q1 results as Bro Chong say, shud b worthwhile to hold longer.
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....
chong
3,074 posts
Posted by chong > 2012-05-16 11:27 | Report Abuse
Wah, the volume to buy getting bigger & bigger...more upswing for BIMB later on?