Performance Review of Subsidiaries Bank Islam Malaysia Berhad (“Bank Islam” or “the Bank”) Bank Islam recorded a strong set of results for the financial year ended 31 December 2011 with a PBZT of RM470.1 million, representing a 36.5% or RM125.6 million increase compared to the last corresponding twelve months period.
Tomorrow, we all shall start to see light at the end of the tunnel. With a EPS at 19.1 cents, what else do you expect of BIMB....goreng time lah tomorrooooooooooooooooow.
* Prices have broken out of its long term triangle pattern in January and have stayed above the triangle support. It appears to be forming a bullish flag pattern just above its moving averages. * With its indicators in consolidation mode, the bullish flag pattern could continue for a while longer. Nevertheless, it provides traders time to get in. * The stock is a buy with a stop loss placed below RM2.07. A breakout above the RM2.22 flag resistance would mean that prices are headed back to retest RM2.43 high.
Don't worry brother gohshiau , mother BIMB go up , sons CB & CC follow too. Quite confident you will make money too as BIMB had shown remarkable good results. Today above $2.22 perhaps?....then further goreng to $2.50? We are now at $2.15 and it's not difficulty to reach $2.22 with it good profit performance of more than 36% over last year.....so stay with BIMB & sons.
Those who bought BIMB earlier when I ask you to will make money today on this counter hopefully...today BIMB cheong or shoot higher & higher I presume.
Yes, some stupid traders who don't know the value of warrants, they throw lower when someone throw 1 share lower....how stupid can they be, hee, hee, hee Actually BIMB CB should be 7.5 cents & CC 14 cents no.
Yes, brother Alan Lim, that's the stupidity of most traders...when it had value they don't buy and when price started going up, they chase like idiots, hee, hee, hee Now we know that BIMB had moved up 5-6 CENTS, therefore CC should move 1 cent & now it's a cheaper by 0.05 cent and they still want to wait, OMG.
All follow high today...BIMB going to $2.40+ perhaps & CB 10 cents & CC 17 cents. Told you all this early morning to buy but nobody listen...all waiting for durian to drop, hee, hee, hee
Profit taking lah, wait for afternoon session and we may see further cheong...if BIMB goes up to $2.26 then CC is 0.15 cents but if goreng , then more lah.
Bro. Chong; have been watching your analysis n comments! Looks like you had been spot on in many of your predictions n BIMB is one of them! Congrats n enjoy ur abalone :)
Brother Boikot Knk Sibu, I can't predict the future but by the looks BIMB is definately going high...someone sapu plenty at $2.24 cents just now....TP of $2.45 cent is a possibility once it cross the 1st TP of $2.22 cents.
Maintain Buy. BIMB's 2011 recurring net profit of RM188m (+20% YoY) was within our expectations, but above consensus by about 10%. We continue to like BIMB for exposure to 51%-owned Bank Islam which has been on a stable growth path since its restructuring in 2009, and an undervalued takaful operator, 65%-owned Syarikat Takaful (Takaful). On rolling forward valuations and applying a higher P/BV of 1.3x (from 1.2x) to Bank Islam on a higher expected 2012 ROE of 12%, and 1x P/BV for Takaful, our SOP-based TP is raised to RM2.40 (+17%).
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 > 2012-02-28 15:27 | Report Abuse
So buy & hold and see it shoot later.