BANK ISLAM MALAYSIA BERHAD
KLSE (MYR): BIMB (5258)
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Last Price
2.17
Today's Change
-0.02 (0.91%)
Day's Change
2.17 - 2.19
Trading Volume
619,400
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
2.17
Avg Target Price
3.03
Upside/Downside
+0.86 (39.63%)Price Call
0
SELL
13
HOLD
39
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
32 people like this. Showing 50 of 8,787 comments
Banking stock won't die one, also won't PN17, don't hv hanky panky contract alll under BNM control
2 weeks ago
yeap ..1.50 is bargain price ..even rm 2 also look cheap ..can monitor closely ..
2 weeks ago
Covid-19 recession time we saw banking stocks at this price range, now opportunity is presented to us again
2 weeks ago
#speakup @kyliew, can u share why u buy bimb besides it at record low price?
09/03/2023 10:00 PM
Here's why..
Do you know that every year 1 % of Muslim Population in Malaysia will go for Hajj. Hajj is obligatory to those who can afford to go. There are 12 Million Muslim who are above 18 years old can qualify for this trip. For most of them it's a journey of a lifetimes.
In addition to the above, Muslim can perform Umrah at any time of the year. Here, there is no limits for the trip. Where do you think the Muslim park their money for this kind of trip? Surely they will park their money in BIMB. BIMB is a basically the preferred bank for Tabung Haji. Completely Shariah Compliances.
REWARDS
Trading at 3.8% below our estimate of its fair value
Earnings are forecast to grow 11.74% per year
After evaluating using Warren Buffett Economic Moat and Risk Analysis Framework, this algorithm calculates BIBM Business Performance includes Earnings, Free Cashflows, Return on Equity, Net Profit Margin, Interest Coverage and Dividends over the last 10 years. On a Scale of 1 to 10, it gives a score of 5 which is acceptable for Mabel's selection.
Few weakness in BIMB and one of them are in cashflows. FYI, there are three types of cash flow; operating, investing, and financing. Operating cash flow includes all cash generated by a company's main business activities while Investing cash flow includes all purchases of capital assets and investments in other business ventures. Currently BIMB Operating and Investing cashflow are negative. However, negative is not necessarily bad thing especially for investing as it is normal for bank to invest and expand. This usually translate to negative outflow for healthier future inflow. The negative cashflow in operation means they spend too on time and material, or if their customers don't pay them quickly enough, it will make their operating cash flow negative. They need to develop other strategies to recover their loan. Additionally, for bank this is normal for negative operating cash flow as bank main business activities are lend their money to customers while they are still expanding. So they lend more to clients so that their deposit also increases. This lending won’t give immediate return but it eventually in long run may recover as clients pay regularly.
Full year 2022 earnings released: EPS: RM0.23 (vs RM0.22 in FY 2021)
Full year 2022 results:
EPS: RM0.23.
Revenue: RM2.16b (up 9.1% from FY 2021).
Net income: RM491.7m (down 8.0% from FY 2021).
Profit margin: 23% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses.
Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Malaysia.
To Our Success !
Meow
2 weeks ago
When I first started looking at laggard banks, Mbsb was 60¢, Bimb was 2.50.
Today Mbsb is still at 60¢ while Bimb is 2.20. Obviously Bimb was performed worse than Mbsb.
Why is this so?
2 weeks ago
Banks are always bank. Sharks won't IDSS attack banks. Save them for long term investment
2 weeks ago
Holy month Ramadan coming, will ASB stop continue to push down their Islam bank during the Muslim holiest month?
6 days ago
If bimb tapow, will give a lot of ammunition to PAS to challenge PH. BIMB is not too big to fail, but "too POLITICAL to fail".
1 day ago
Last time Covid-19 recession in 2020, u see AmBank and Alliance Bank at this price. After 1-2 yrs, what's the price now?
1 day ago
Cimb at RM3.00 that time, I have seen ppl all in 500k into the shares. Bank in Malaysia won't be like in US
1 day ago
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kyliew
At 10 year low, gonna make fat profit from tis stock
2 weeks ago