Posted by Mabel > 2 months ago | Report Abuse

#Hidup_Anwar Latest TP RM 2 like wrong?
14/07/2023 10:44 AM

#Hidup_Anwar TP RM 2.2 or RM 2.3 more correct haha.
14/07/2023 10:45 AM

Haha never trust IB Sweet Talks. Do your own research. The same thing happened in PCHEM next door. Now they all banging their head to the wall chasing PCHEM this week.

To Our Success !

Meow

Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD

Jul 14, 2023 7:19 AM | Report Abuse

Haha I bet all these Sour Grapes IB are knocking their head to the walls now..hihihi

07/07/2023 5.96 6.20 +0.24 (4.03%) SELL KENANGA
30/05/2023 6.87 6.00 -0.87 (12.66%) SELL RHB-OSK
30/05/2023 6.87 6.20 -0.67 (9.75%) SELL KENANGA

Anyway, Mabel decided to lock profits when PCHEM breaches the 20 Moving Averages. Currently PCHEM is overbought by these Sour Grapes.

Now Mabel is waiting for the right signals to renter..

To Our Success !

Meow

Posted by kyliew > 2 months ago | Report Abuse

Invest in banking always safer

Posted by troy88 > 2 months ago | Report Abuse

Kenanga IB getting from bad to worse. Don't bother with their crap analysis. Many got tricked when they were still giving high TP couple years ago when gloves were already declining

Posted by stkoay > 2 months ago | Report Abuse

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20230718.pdf?t=1689739161

Only one bank left in the list :p

Posted by 5354_ > 2 months ago | Report Abuse

EPF buying again.

Posted by kyliew > 2 months ago | Report Abuse

Tis banking stock should stay at the range of RM2.50-3, not this price level

Posted by troy88 > 2 months ago | Report Abuse

Still cheap. Should at least go back to 2.4X by year end..

Posted by troy88 > 2 months ago | Report Abuse

Solid! May even reach 2.50 earlier than expected!

Posted by kyliew > 2 months ago | Report Abuse

See I told you all

Posted by 5354_ > 2 months ago | Report Abuse

2.2 still must come first. MBSB also drop back not straight to RM 1.

Posted by kyliew > 2 months ago | Report Abuse

Sharks make money

Posted by kyliew > 2 months ago | Report Abuse

They will definitely take good care of bank

Posted by troy88 > 2 months ago | Report Abuse

Badly beaten up banks BIMB and PBB coming back!

Posted by paperhand123 > 2 months ago | Report Abuse

portfolio finally turning green.....

Posted by kyliew > 2 months ago | Report Abuse

Ya

Posted by rohank71 > 2 months ago | Report Abuse

3.00 coming.

Posted by kyliew > 2 months ago | Report Abuse

Sell at RM2.50

Posted by DividendGuy67 > 2 months ago | Report Abuse

Looks like it wants to challenge the 200dMA of 2.26 this week.

Posted by kyliew > 1 month ago | Report Abuse

RM2.50 I'm waiting

Posted by paperhand123 > 1 month ago | Report Abuse

waiting too...

Posted by Mabel > 1 month ago | Report Abuse

It's looking good Guys!

Meow Meow Meow

Posted by Dakewlest > 1 month ago | Report Abuse

Mabel, any personal TP for BIMB?

Posted by 1pingpong > 1 month ago | Report Abuse

Alam yang Indah hari ini - waterfall 90 Degree

Posted by paperhand123 > 1 month ago | Report Abuse

alamak apa terjadi bimb?

Posted by kyliew > 1 month ago | Report Abuse

If I put RM2.00 buy, can match?

Posted by kyliew > 1 month ago | Report Abuse

If PRK PAS won, can up back?

Posted by speakup > 1 month ago | Report Abuse

Tu lah lu tak undi Green Wave

Posted by Dakewlest > 1 month ago | Report Abuse

Tunggu QR keluar dulu. EPF beli hampir setiap hari.

Posted by beluga > 1 month ago | Report Abuse

with EPF buying, should trade at fairer value soon. Target 2.50. https://klse.i3investor.com/web/staticfile/view/507120

Posted by kyliew > 1 month ago | Report Abuse

EPF make it drop, buy buy, sell higher to bilis. That's y can declare dividend every year... Welcome to Bursa Malaysia

Posted by Penang_lang > 1 month ago | Report Abuse

Public Bank, RHB good QR so is BIMB?

Posted by Dakewlest > 1 month ago | Report Abuse

QR out, better than last quarter. Maybe can reach RM2.50 faster than expected.

Posted by Penang_lang > 1 month ago | Report Abuse

RM 2.2 also hard how to reach RM 2.5?

Posted by JrWarren > 1 month ago | Report Abuse

@Mabel
U also bought this?
I can see the outlook is improving after the restructure with revenue and profit increase gradually. Gross NPL also drop to 1.07%.

@kyliew
BIMB got dividend reinvestment plan which similar to Maybank, by doing this the cash / capital will not leave the company, then BIMB can use the dividend fund to lend out again and making profit, it is a triple win on no capital / retain earning outflow, compliance on BNM capital ratio, EPF / institutional investor accumulate more share and sell the share in secondary market at higher price. FYI got 90% shareholders actually opt for dividend reinvestment plan to enjoy better return.

Posted by Mabel > 1 month ago | Report Abuse

#JrWarren @Mabel
U also bought this?
I can see the outlook is improving after the restructure with revenue and profit increase gradually. Gross NPL also drop to 1.07%.

30/08/2023 10:36 AM

Yes JR together with Maybank and CIMB. Below is what I shared in March why Mabel decided to sell Public Bank and replaced it with BIMB..

To Our Success !

Meow

Stock: [BIMB]: BANK ISLAM MALAYSIA BERHAD

Mar 9, 2023 11:05 PM | Report Abuse

#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

Posted by Mabel > 1 month ago | Report Abuse

#Dakewlest Mabel, any personal TP for BIMB?
27/08/2023 5:11 AM

Mabel usually follow Maybank TP which is RM 2.20. However as you can see AmInvest is more bullish witha TP of RM 2.50..

To Our Success!

Meow

Posted by Mabel > 1 month ago | Report Abuse

Another reason why Mabel loves BIMB is because it gives good Dividend compare to Mabel's other Collection of Great Companies. In addition, this Bank is supported by Institutional Investors..

List of Dividend Payers

Company Annual Yield
Bank Islam Malaysia Berhad 6.6%
Malayan Banking Berhad 6.4%
Sime Darby Berhad 5.8%
PETRONAS Chemicals Group Berhad 5.7%
KLCC Property Holdings Berhad 5.6%
CIMB Group Holdings Berhad 4.6%
Sime Darby Property Berhad 2.9%
Sunway Berhad 2.7%
Gamuda Berhad 2.7%

To Our Success!

Meow

Posted by Mabel > 1 month ago | Report Abuse

A decent set of 2Q23 results

Bank Islams 1H23 earnings were within our expectations and we tweak earnings up by 2-4% for FY23-25E. Positively, the bank bucked the industry trend with a QoQ improvement in NIM and its gross impaired financing ratio. We maintain a HOLD on Bank Islam with a slightly higher TP of MYR2.20 (from MYR2.05) on rolling forward valuations to FY24E on an unchanged PBV of 0.7x (FY24E ROE: 7.1%).

Meow

Posted by Dakewlest > 1 month ago | Report Abuse

Yes, Mabel, to our success.

Posted by speakup > 1 month ago | Report Abuse

@Mabel, u like yields, buy some REITS. Some REITS give 5-6% dividend

Posted by Penang_lang > 1 month ago | Report Abuse

2023-08-30

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 500,000 shares on 25-Aug-2023.

Posted by Mabel > 4 weeks ago | Report Abuse

#Dakewlest Yes, Mabel, to our success.
30/08/2023 7:51 PM

Indeed, our Success has cum...

BIMB Second quarter 2023 results:

EPS: RM0.06 (up from RM0.054 in 2Q 2022).
Revenue: RM544.3m (up 5.6% from 2Q 2022).
Net income: RM136.1m (up 16% from 2Q 2022).

Profit margin: 25% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue.

Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Banks industry in Malaysia.

Happy Merdeka Every One !

To Our Success!

Meow Meow Meow

Posted by Mabel > 4 weeks ago | Report Abuse

speakup @Mabel, u like yields, buy some REITS. Some REITS give 5-6% dividend
30/08/2023 8:40 PM

Indeed speakup!

Previously, beside KLCC Mabel also has IGB, Pavilion and Sunway REIT. Now Mabel keep only KLCC (5.6% Yields) for Malaysia and CapitaLand Integrated Commercial Trust (5.5% Yield) and Keppel REIT (6.8% Yield) in Singapore.

So currently, Mabel’s Real Estates covers 2 S-REITs and 1 M-REITs :

S-REITs

CapitaLand Integrated Commercial Trust (SGX: C38U), or CICT for short, is a commercial and retail REIT with a diversified portfolio of properties in Singapore, Germany, and Australia. They own and invests in income-producing assets, which are used for retail purposes primarily in Singapore. Its portfolio consists of approximately 3,100 leases with local and international retailers and has a committed occupancy of approximately 97.6%. It is leader in Singapore and Asia’s third largest REIT just behind Mulan’s Hong Kong’s Link REIT and Australia’s Scentre Group. It Assets Under Management of S$24.2 billion as of 31 December 2022. This week CapitaLand Investment has acquired six rental housing assets in Japan for $141.4 mil.

Keppel REIT is one of the biggest office landlords with a market cap of $3.6 billion. It owns and manages 12 office buildings across Singapore, Australia, and Korea. These are prime grade-A offices. In Singapore, it owns some of CBD’s most iconic buildings, including a 79.9%-stake in Ocean Financial Centre, 33.3%-stake in Marina Bay Financial Centre, 33.3%-stake in One Raffles Quay and Keppel Bay Tower.

M-REIT

KLCC is Malaysian Iconic Building with The Petronas Twin Towers. It was the world's tallest twin skyscrapers and remained the tallest buildings in Malaysia until 2019, when they were surpassed by The Exchange 106. TDM once said it will eternally remain the World’s Tallest Building when you add the two tower together. Full year 2022 earnings exceed analysts’ expectation.

Perhaps this is the most perplexing. Mabel’s Biggest S-REIT has a Market Capitalization of SGD 12.765 billion while Mabel’s Biggest M-REIT has a Market Capitalisation of RM 12.4 billion. That mean CICT is 3.5X bigger that KLCC.

To Our Success!

Meow

Posted by Mabel > 4 weeks ago | Report Abuse

Noted and thanks speakup..

Cheers

Meow

Posted by 5354_ > 3 weeks ago | Report Abuse

2.15 meaning at least RHB & Kenanga latest TP clearly wrong.

Posted by Penang_lang > 3 weeks ago | Report Abuse

Bank Islam started by Anwar. Visited Anwar facebook only know about it.

Posted by Penang_lang > 3 weeks ago | Report Abuse

023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 550,000 shares on 04-Sep-2023.

2023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 434,200 shares on 04-Sep-2023.

2023-09-07

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 200,000 shares on 04-Sep-2023.

Posted by Penang_lang > 2 weeks ago | Report Abuse

14 sen dividend next QR can announce?

Posted by cwc1981 > 1 week ago | Report Abuse

Sure can

Posted by kyliew > 1 week ago | Report Abuse

Come RM2.50..... Money