Liklely to drop far below 2.80 ..... George Soros just made a very negative stmt and saying German leading Euro wrong direction , dont forget historically he had made alot alot RM$ fr his negative stmt and this could b another set up of his agenda !!!!!!!!!!!!!!!!!!!!
Brother messiBarca , you should have sold when I said it here a few days back as BIMB price I feel is at it's peak at that day. Now I presume it will slide down to perhaps to less that $3.00
I think everyone knows that a certain counter cannot be rise all the time without retreating.....no matter what blue chip or not, it will happen.
Islamic bank (BIMB, 5258, motherboard financial group) shares jumped 58 percent so far this year, Maybank Research the company and its Malaysian takaful (TAKAFUL, 6139, Finance Group) Outlook view positive However, I believe that stock prices fully reflect its intrinsic value. Loan growth to maintain impressive Maybank Islamic Bank ended the first quarter of this year, loan growth achievement remains impressive, up 20 percent year-on-year, the loan portfolio re-balancing towards the floating rate, net interest earned rate steady, apart from the asset quality continued to improve . "We raised the company's 2012 loan growth target to 15.7%, but predictable earn rate in the quarter trend soft, although the rise in financing costs and returns lower, the bank tax rise has caused some erosion. Islamic Bank's personal loans ended the first quarter year-on-year growth of 19%, 75% of total loans, housing finance and personal loans growth of 15% and 35%, 29% of the floating-rate loans to total loans, before the quarter 26%. Cost management through savings, the Islamic Bank last year's fourth quarter net interest earned rate slightly rose to 3.07 percent, but due to the floating-rate pricing of new private loan package to teach a low fixed rate loans 10-15%, plus the issuance of Islamic bonds supplement the capital program increase the overhead of financing, Maybank believes that future interest earned rate may be weakness. However, asset quality continued to improve for doubtful rate fell to 2.3 percent as of March this year, an average of 2.5% of the comparison field, financing loss coverage was steady at 118%. Maybank also said to rise after the last few months, the Islamic bank stock valuation now stands at 2012, 1.7 times book value, close to the field an average of 1.8 times, and has been fully reflect the 1.6 times book valuation of the bank to maintain the target price at 3 ringgit, down to "sell" rating.
Maybank TP (3.00 sell call)Review is more precise which meant that is no much to grow in potential. Thus time to sell this share now. Buy back later (2.50)
Good call Megarich! I think the right strategy nowadays is to take profit when we feel right n to buy back at a low if we can, so we can repeat the circle !!
POS PE ratio just 8.8 and the dividend is 0.175(will announce within this week). Target price is 4.14 which meant has a lot of potential to grow when they announce the dividend. Thus try to accumulate this share now when the price still below 3
bro bara, many ppl only good at holding paper profit, know how to buy but don't know when to sell, when stock goes to australia still think it can still go to Artic lol
WAit for BIMB to announce another round of dividend ......... then for JV with foreign for Islamic license b4 heading for another bull. Hold on to stock.
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....
jtpc2006
984 posts
Posted by jtpc2006 > 2012-06-24 08:52 | Report Abuse
EPF also has been acquiring BIMB shares, so should we expect some developments soon?