Posted by chang21 > 2013-12-31 09:33 | Report Abuse

derrickinvestor why not if you are willing to take out RM100 million to buy up the shares ...... hehehehe.

Posted by derrickinvestor > 2013-12-31 09:37 | Report Abuse

@chang21 if I had 100 million, I dont think I will be here.... I will be at he wall street..... kakakakakakaka

Posted by derrickinvestor > 2013-12-31 09:38 | Report Abuse

@chang21 any more news for this counter.... seems not progressing this few day and today seems heading south

Posted by derrickinvestor > 2013-12-31 09:50 | Report Abuse

@chang21 I mean the son is heading south...

Posted by chang21 > 2013-12-31 09:59 | Report Abuse

When mother going north son will definately follow ......... son is curious at the moment since newly born ........ stopping by to learn new things before catching up with mother. I can bet with you that it will definately go above RM1.00 next year.

Posted by bowman > 2014-01-02 10:12 | Report Abuse

See it climb over next few days

Posted by Syed Abd Kadir Almushayakh > 2014-01-02 10:46 | Report Abuse

fnd managers still holiday mood

Posted by jeffrey123 > 2014-01-03 09:46 | Report Abuse

any updates?

Posted by Icon8888 > 2014-01-03 10:50 | Report Abuse

i have my cash ready to pick up more at 70 sen

Posted by Icon8888 > 2014-01-03 10:50 | Report Abuse

and more at 60 sen, if it ever goes that low

Posted by derrickinvestor > 2014-01-03 11:32 | Report Abuse

wow icon8888 you sounds like a fund manager..... always have cash on hand

Posted by Icon8888 > 2014-01-03 12:49 | Report Abuse

i have set aside some cash to accumulate bimb-wa when it drops

that shows how much i like it : )

Posted by nightshade > 2014-01-03 14:37 | Report Abuse

u-turn...u-turn....kasi u-turn

Posted by tkteoh80 > 2014-01-03 16:40 | Report Abuse

Maybank revise target price to RM5.30 FROM RM4.80 for BIMB

Posted by Icon8888 > 2014-01-03 16:47 | Report Abuse

tkteoh that is a good news. I expect mother share to hit RM8.00 in 3 to 4 years (due to higher profit). BIMB-WA will then be worth RM3.30 (300% gain from current share price)

Posted by tkteoh80 > 2014-01-03 16:53 | Report Abuse

Icon8888,that is almost a sure target

Posted by Icon8888 > 2014-01-03 16:56 | Report Abuse

4 years ago, maybank made about RM4 billion net profit. Now is about RM7 billion. so it is not impossible for bimb to do it

Posted by Icon8888 > 2014-01-03 16:58 | Report Abuse

4 years ago, public bank made about RM2 billion net profit. Now is about RM4 billion.

Posted by chris88 > 2014-01-03 19:34 | Report Abuse

tkteoh80..when did Maybank revise target prise to RM5.30 from RM4.80?

Posted by Raizanny > 2014-01-03 19:48 | Report Abuse

This year BIMB will fly minima to RM7.00 and warrant to RM3.00

Posted by tkteoh80 > 2014-01-03 20:32 | Report Abuse

We raise our SOP-derived TP for BIMB to MYR5.30 from MYR4.80, on a higher P/BV of 2.2x for Bank Islam (2.1x previously) supported by the Islamic bank’s superior ROEs (14.9% in FY14 versus 14% ex-Public Bank for peers) and faster-than-industry earnings growth (2-year CAGR of 14% vs 9.5% for its peers).→Maybank research 4Jan2014

Posted by tkteoh80 > 2014-01-03 20:33 | Report Abuse

*3Jan2014

Posted by chris88 > 2014-01-03 20:54 | Report Abuse

thanks tkteoh80....will look through it thoroughly..

Posted by chang21 > 2014-01-03 22:03 | Report Abuse

As I said before it is another CIMB in the making ....... a more realistic target for mother is around RM5.50 and son to follow suit but definately more than RM1.20. Just continue to hold.

Posted by 2862862 > 2014-01-03 22:20 | Report Abuse

Raizanny, hope ur dream come true so to I :)

Posted by tkteoh80 > 2014-01-04 15:30 | Report Abuse

Predicted future EPS of 2014 = 34 cents,

let PE = 13,BIMB=RM4.42
warrant at 20%premium = 1.2x4.42-4.72=0.58

let PE = 14,BIMB=RM4.76
warrant at 20%premium = 1.2x4.76-4.72=0.99

let PE = 15,BIMB=RM5.10
warrant at 20%premium = 1.2x5.10-4.72=1.40

________________________________________________

Predicted future EPS of 2015 = 38 cents,

let PE = 13,BIMB=RM4.94
warrant at 10%premium = 1.1x4.94-4.72=0.71

let PE = 14,BIMB=RM5.32
warrant at 10%premium = 1.1x5.32-4.72=1.13

let PE = 15,BIMB=RM5.70
warrant at 10%premium = 1.1x5.70-4.72=1.55

Just conservertive predition, warrant RM1.00 is not a problem if u can keep 1 year

Posted by betulbetulcakap > 2014-01-04 15:35 | Report Abuse

betul betul cakap betul betul conservative premium predition bagi warrant yang ada 10 tahun , 25 % above baru reasonable .kakakap

Posted by tkteoh80 > 2014-01-04 15:51 | Report Abuse

Predicted future EPS of 2014 = 34 cents,

let PE = 13,BIMB=RM4.42
warrant at 25%premium = 1.25x4.42-4.72=0.805

let PE = 14,BIMB=RM4.76
warrant at 25%premium = 1.25x4.76-4.72=1.23

let PE = 15,BIMB=RM5.10
warrant at 25%premium = 1.25x5.10-4.72=1.65

Ok, let make it more reasonable, premium 25%

since cimb and maybank PE now is around 13, and publicbank around 15,
I give BIMB reasonable PE =14, due to its higher growth rate ,
then, bimb-wa should be RM1.23

Posted by tkteoh80 > 2014-01-04 15:57 | Report Abuse

So,let's hold and wait the 50% return for celebrating goat year CNY for those who buy in wa at current level

Posted by betulbetulcakap > 2014-01-04 16:02 | Report Abuse

kakakap , pandai adik tkteoh , ini lah sebab mengapa ada few forumer yang betul betul experience cakap tp 1.20 , atau 1.00 atas . dia pa sudah kira bila listing of warrant .

Posted by chris88 > 2014-01-04 16:34 | Report Abuse

dear tkteoh80..what about using black scholes model to calculate bimb wa?

Posted by tkteoh80 > 2014-01-04 16:41 | Report Abuse

haha, I dont know that model

Posted by chris88 > 2014-01-04 16:49 | Report Abuse

according to equitiestracker,bimb cu pe is 25,since cu eps at 30 sep 2013 is at 17.23 sen..you are confident it can hit more than eps above 30 sen at 31dec2013 and beyond?.bimb have the highest pe ratio compare with other msian banks.why?

Posted by chris88 > 2014-01-04 16:52 | Report Abuse

as of yesterday,cu pe ratio of AFFIN-10,AFG-13,AMBANK-13,CIMB-13,HLBANK-14,HLFG-15,PBBANK-17,RHBCAP-11 BUT BIMB IS AT 25x.

Posted by tkteoh80 > 2014-01-04 17:15 | Report Abuse

Bimb last quarter EPS is 7 cents, where 88% is contributed by 49% stake in bank islam =6 cents

After aquisition of 51% of bank islam,let say profit from bank islam double= 6x2= 12cents

plus the 1 cents from other area= 13 cents

then diluted eps per quarter after 2 for 5 issue = 13x5/7= 9.28, let it be 9 cents per quarter

So next year yearly EPS= 9x 4= 36cents

As for financial year 2013, eps should be = 6.95+6.92+7.07+9(Forecast)= 29.54

Posted by tkteoh80 > 2014-01-04 17:16 | Report Abuse

BIMB PE now for 2013 = 4.38/.29=15

Posted by tkteoh80 > 2014-01-04 17:19 | Report Abuse

PE 25 is calculated based on rolling lat 4 quarter and diluted share of 1.4biliion, without taking consideration of 51% more stake in bank islam, which is not fair calculation

Posted by chris88 > 2014-01-04 17:24 | Report Abuse

I see...thanks for the explanation..i was taking the figures BEFORE the rights issue with warrants..yours appears more sensible..

Posted by chris88 > 2014-01-04 17:32 | Report Abuse

i just wonder will bimb bhd share price MOVE like its subsidiary TAKAFUL MALAYSIA?...it goes from RM5.28 TO RM 10.30 within ONE year.

Posted by chris88 > 2014-01-04 17:39 | Report Abuse

TAKAFUL MALAYSIA CU EPS AS AT SEPT 2013 IS 79 SEN(VERY HIGH,CIMB ONLY 59 SEN) CU P/E RATIO IS 16

Posted by tkteoh80 > 2014-01-04 18:10 | Report Abuse

Year EPS PE13 20.00% 10.00% 5.00% 0.00%
1 2014 34 442 58 14 -8 -30
2 2015 37 486 111 63 39 14
3 2016 41 535 170 116 90 63
4 2017 45 588 234 175 146 116
5 2018 50 647 305 240 207 175
6 2019 55 712 382 311 275 240
7 2020 60 783 468 389 350 311
8 2021 66 861 562 475 432 389

Above shown the year,forecasted BIMB EPS at 10% annual growth, BIMB price(cents),and price of bimb-wa with different premium

Posted by chris88 > 2014-01-04 20:10 | Report Abuse

all these projections...assuming ceteris paribus...world stock markets still
ok?

Posted by 3words > 2014-01-04 20:25 | Report Abuse

buy 0.76

Posted by Icon8888 > 2014-01-04 21:21 | Report Abuse

Buying more bimb wa on Monday

Posted by derrickinvestor > 2014-01-06 11:18 | Report Abuse

how come the mother share keep faling down? any one any updates on this? Pls share, TQ

Posted by chris88 > 2014-01-06 14:01 | Report Abuse

i think 1 st support level is at rm4.25-rights issue price.after that assuming EPS of 26.8 senx av. bank per of 13x=rm3.48?

Posted by Icon8888 > 2014-01-07 09:46 | Report Abuse

looking good.... somebody proactively buying mother shares....

Posted by Syed Abd Kadir Almushayakh > 2014-01-07 10:08 | Report Abuse

Icon888..u saw something good,..?

Posted by Icon8888 > 2014-01-07 10:20 | Report Abuse

Syed if you look at bimb share price in past 12 months, it was on steady uptrend. There is a pattern of buyers patiently nudging it up bit by bit. Of course, this was backed by improving fundamentals. Meaning that the whole uptrend could be sustainable and continue to the future

that is my reading for BIMB

Posted by nightshade > 2014-01-07 10:22 | Report Abuse

they toy with the mother..... the traders dance at BIMB-WA...