BANK ISLAM MALAYSIA BERHAD

KLSE (MYR): BIMB (5258)

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Last Price

2.50

Today's Change

+0.01 (0.40%)

Day's Change

2.47 - 2.52

Trading Volume

5,389,200

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

2.50

Avg Target Price

2.37

Upside/Downside

-0.13 (5.20%)

Price Call

0

SELL

16

HOLD

8

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
32 people like this. Showing 50 of 9,246 comments

Mabel

Haha don't worry...Santa is cuming to town..

NEW YORK (Dec 23): Wall Street is counting on the so-called Santa Claus Rally to bring record highs as markets close out 2023 with strong gains. The S&P 500 is up over 4% in December alone and has risen 24% this year, bringing it within 1% of a new all-time high. The benchmark index is also on track for its eighth straight positive week.

If history is any indication, that momentum is likely to continue in the short term. The end of the year tends to be a strong period for stocks, a phenomenon dubbed the “Santa Claus Rally”. The S&P 500 on average has gained 1.3% in the last five days of December and first two days of January, according to data from the Stock Trader's Almanac going back to 1969. Those gains have been pinned on reasons varying from buying before the new year following tax-related sales to general holiday hopefulness.

This year, optimism is high. The Federal Reserve (Fed) surprised investors earlier in December by signaling that its historic monetary policy tightening is likely over and projecting rate cuts into 2024, following signs that inflation is continuing to moderate. Data on Friday supported that trend, showing annual US inflation, as measured by the personal consumption expenditures price index, slowed further below 3% in November.

Bursa Malaysia is anticipated to stage a rebound next week, buoyed by continuous support from foreign funds and improving economic conditions. From a technical perspective, the FTSE Bursa Malaysia KLCI (FBM KLCI) failed to surpass the critical resistance level of 1,465 despite a few attempts, followed by four consecutive days of decline and broke below the 20-day exponential moving average (EMA) on Friday. However, as the index has managed to hold above its 50-day EMA, the odds of an upside move are increasing. Hence, we believe the benchmark index is still in a consolidation mode with a slight positive bias.

As such, we anticipate the benchmark index to trend within the 1,450-1,470 range for next week, with immediate support at 1,450 followed by 1,440. On a Friday-to-Friday basis, the FBM KLCI fell 7.87 points to end the week at 1,454.38 versus 1,462.25 a week ago.

Meow

2 months ago

DividendGuy67

Finally received BIMB dividend. A nice 12.59 sen. Dividend yield on Cost is 6.7%. Price gain is 19%. Holding less than a year. BIMB beats my benchmark of 9% per annum very, very handsomely.

Thank-you BIMB, for helping made my portfolio to new all time high again today. 7th time this month in January!

1 month ago

rlch

No dividend Affin RM 2.65 why BIMB so cheap?

4 weeks ago

speakup

Cos Affin ada orang main

4 weeks ago

rlch

Siapa main? Sarawak govn can sell Affin buy BIMB 40 sen cheaper.

4 weeks ago

speakup

Sarawak can't buy BIMB cos Sarawak is multi racial multi religion. Sasah nak justify to Sarawakians

4 weeks ago

aklobi

@speakup, religion has nothing to do with Islamic Banking. Many non Muslims and non Muslim institutions invest in Dubai Islamic Bank, Abu Dhabi Islamic Bank and others. Infact, Islamic banking is being viewed as a legitimate alternative type of safe banking that is gaining momentum in non-Muslim societies. It is merely a financial concept despite it having "Islamic" in it's name.

4 weeks ago

TheContrarian

First time in my life bought BIMB today, small portion at 2.25.

3 weeks ago

smartly

welcome on board !

3 weeks ago

TheContrarian

Tq

3 weeks ago

5354_

Abang Jo said want to acquire a commercial bank but without giving name why cannot be BIMB? Cheaper by 30 sen compare to Affin.

3 weeks ago

TheContrarian

Bought at 2.24 today.

2 weeks ago

rummygame2100

fgfg

2 weeks ago

Mabel

Happy Chinese New Year to all the i3 Investors! As we welcome the auspicious Year of the Dragon, we seize this opportunity to extend our heartfelt wishes to each and everyone of you. May this Lunar New Year bring you abundant joy, prosperity, and good fortune! Let's all HUAT ah!!!

Captain Mabel Meow

2 weeks ago

TheContrarian

Go, go, go BIMB.

1 week ago

5354_

RM 2.5-2.6 like Affin can?

1 week ago

TheContrarian

Posted by rlch > 1 week ago | Report Abuse

If you like bank BIMB is cheaper. Also good dividend counter.

Thank you for the recommendation.

1 week ago

TheContrarian

@5354_ , RM3 also can.

1 week ago

DividendGuy67

BIMB closed +2.6% with higher volume. Nice price move, looking to retest previous resistance. The more times it tries to retest, the better in general.

BIMB is my 7th largest holding out of 49 stocks today. Thanks to BIMB and 21 other green stocks to offset the few reds, my portfolio made new All Time High again today. Thank-you Mr Market!

1 week ago

hhhiii123

plz give good dividend!!

1 week ago

TheContrarian

Dividend already paid out last month.

1 week ago

TheContrarian

Go, go, go BIMB.

1 week ago

Johnzhang

@TheContrarian, the market is listening you . 😄

1 week ago

TheContrarian

Forum here is rather quiet. I feel BIMB can go far.

1 week ago

DividendGuy67

Fuiyoh ... BIMB closed +3.83%. BIMB now climbs to my Top 5 largest stock from Top 7 yesterday. Thanks to BIMB and 23 other stocks that closed in green, my portfolio hit New All Time high again today for 4 consecutive trading days ... Thank-you Mr Market!

1 week ago

DividendGuy67

Looking closer, I was very lucky to have entered into BIMB near the bottom.
- My first entry was 9/5/23 at 2.03.
- I then keep buying more as price went down until it hit near the bottom of 1.75 - I didn't get the absolute low of 1.7, but it was good enough to be able to buy at 1.75.
- That brought my average cost down to 1.87.
- Then, we receive dividends. I took some small profits and my net cost after dividends and a small amount of realized means my average cost price is now 1.70. This is for my 5th largest holdings out of 48 stocks.

At 2.44 close today, my unrealized gains is now close to 43%.

And here I was, when I entered at an average cost of 1.87, I was only happy to target a long term Dividend Yield of 7.2%. Now it turns out, instead of gaining 7% (since I held less than a year), I have earned something like 43% gains. What a bonus.

Thank-you Mr Market.

1 week ago

DividendGuy67

It is amazing when you track its NTA growth over the past 10 years - this small growing stock has consistently grown its NTA by 14% per annum CAGR over past 10 years. It's NTA is 3.29. It's trading at 2.44, below Book Value, for a bank that grows its equity at the rate of 14% per annum over past 10 years ... it was so overlooked by the market.

It's Dividend Payout ratio is only 38% ... not stretching at all. This stock grows its Net Worth and grows its earnings and is having a conservative dividend payout ratio. And when I entered at an average cost of 1.87, it was yielding 7.2% dividend yield. What a bargain then.

It pays to own overlooked stocks when everyone was afraid and nobody wants to own it when it was crashing back in May 2022.

I know this bank's value and with a price action like this, there's no rush to take profits on its way up. I may trim it so that it doesn't become too big a proportion but otherwise, the strategy is still to sit tight on your winners and sit tight on your losers, so that your winners become a larger proportion of your portfolio and your losers naturally become a smaller proportion of your portfolio so that your portfolio can keep making new all time highs regularly especially when you own a portfolio of sound, good fundamental stocks and businesses ...

1 week ago

TheContrarian

I think you got the year wrong, it was crashing in May 2023 rather than 2022.

1 week ago

TheContrarian

Finally moving again.

5 days ago

TheContrarian

2.50

2 days ago

rlch

RM 2.6 if follow Affin can reach?

2 days ago

TheContrarian

RM3 also can.

2 days ago

potenza10

just sold off yesterday at 2.41...sighhhhhh

2 days ago

TheContrarian

You mean last Friday?

2 days ago

Yippy68

Do you guys think MBSB got good future as soon as it turn to another Islamic Bank and listed in BURSA. My cost is less than 60 cents after receiving 8.5 sen dividend I hold big quantity especially last year after my big sweep in Bplant. Likely @Contrarian can contribute your good knowledge in Banking stock.

2 days ago

Yippy68

I made some profit after i bought Affin at 2,20 and sold at 2,65 around 30K, Thank @Contrarian for all you good sharing.

2 days ago

TheContrarian

@Yippy68, EPS is more relevant than high DPS because high DPS isn't sustainable if EPS drops. MBSB doesn't appear to have the all round strength of other banks. Just rebranding itself as an Islamic bank doesn't transform it overnight to rival Bank Islam which is long established.

2 days ago

Yippy68

Thank you and noted.

2 days ago

TheContrarian

@Yippy68, I feel you are too heavily concentrated in MBSB. Your recent venturing into Affin has brought you financial rewards. Affin share price ran ahead because it is more superior to MBSB. Similarly, Bank Islam share price has also recently run ahead.

2 days ago

newbie5354_

TheContrarian banking sifu? Which bank(or bank like) counters yet to move? Insas can move like Affin or BIMB?

1 day ago

TheContrarian

I already sold 97% of my Insas last month when it moved from below 90 sen to above RM1.30. Only bank I like now is BIMB.

1 day ago

TheContrarian

2.50 broken through.

17 hours ago

smartly

if closing can stay above 2.50 then nice....

17 hours ago

TheContrarian

Lately EPF has turned sellers, so who is buying aggressively?

14 hours ago

TheContrarian

QR out, declared second interim dividend of 4.22 sen.

12 hours ago

TheContrarian

I am rather surprised the forum here is very quiet.

11 hours ago

5354_

Like Affin should be foreign funds.

Posted by TheContrarian > 6 hours ago | Report Abuse

Lately EPF has turned sellers, so who is buying aggressively?

8 hours ago

5354_

Maybe those posted earlier have sold.

Posted by TheContrarian > 3 hours ago | Report Abuse

I am rather surprised the forum here is very quiet.

8 hours ago

TheContrarian

Good chance tomorrow will open gap up.

8 hours ago

TheContrarian

I will be lonely here.

7 hours ago

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