Nice chart of BIMB Holdings Bhd

This counter looks interesting as it chart was consistently up.  Based on the chart, both stochastic and MACD are crossed. This could be some sort of buy signal. The last close price is RM2.54, 11 cents higher than previous closed price. Based on the history, after a big jump in price, it will follows by price correction. We’ll wait and see the next reaction of this counter.

Employees Provident Fund (EPF) Board also keeps acquire more shares from this counter as well. One of the reason could be the dividend announced on April 13 (Final Single Tier Dividend of 7.25%). Ex-date for this dividend is on this 21st May 2012.

More information about BIMB Holdings Bhd:

Net Profit: 204.406mil
Earning Per Share(EPS): 19.16
Net Assets Per Share: 1.71
P/E Ratio: 12.68

Recommended Buy by Maybank IB:

BUY, with a higher target price. Higher valuations are warranted for both Bank Islam and Syarikat Takaful (STMB), given their strong underlying fundamentals. Pegging on higher P/BV valuations for both companies, our SOP valuation for BIMB Holdings is raised to MYR2.95 from MYR2.55, which implies 16% upside to the current share price. Our revised target P/BV multiple for STMB (Not Rated) values the takaful operator at MYR4.75, or 20% upside to its current share price.

Sime Darby Bhd Stock Surged

The share price of Sime Darby Bhd formerly known as Synergy Drive Bhd surged to a high of RM12.10, up RM3.20 or 36% from the reference price of RM8.90 when it was listed on Nov 30.

Most research houses are giving the thumbs up to Sime Darby, with 12-month target prices ranging from RM11.40 to RM12.80.

Google Call Warrant – GOOGLE-C1

GOOGLE-C1

Premium and gearing calculation of GOOGLE-C1 call warrant based on today exchange rate at MYR3.3805. The mother share, GOOG closed at USD648.54.

Premium at 29.48% and Gearing at 4.06 times.

Will Bursa Malaysia fall today?

“Asian stocks are likely to open lower on Wednesday after U.S. markets fell for the first time in three days and oil futures retreated from recent record highs and closed down.”

This is the news reported after U.S. markets fell yesterday. Oil futures fell for the first time in five days. December crude oil futures closed down 3.4% at $90.38 a barrel on the New York Mercantile Exchange, retreating from Monday’s highest-ever close of $93.53.

Many analysts are hopeful the economy can avoid a recession, but the odds of one occurring have grown considerably since the start of this year. Some analysts, meanwhile, think there’s a chance the Fed will leave rates unchanged.

On Tuesday, Bursa Malaysia closed slightly higher, added 1.17 points to make a fresh new high at 1,412.7 points. Investors may take some profit today due to the U.S. markets fell last night and they are waiting for news about Fed decision on the rate cuts.

KLCI breached 1400 for the first time ever

KLCI 29 September 2007The Kuala Lumpur Composite Index (KLCI) breached the 1,400-level for the first time ever yesterday helped the KLCI rise for the fifth day. The index jumped 13.27 points, or one per cent, to close at 1,411.62. However the bullish momentum might not sustain for long if the oil price stay above US90. Yesterday it passed at US93 a barrel.

In the US market, the Dow rose 63 points, or 0.5%, to 13,870, while the Nasdaq gained 13 points, or 0.5%, to 2,817, and the Standard & Poor’s 500 was up 5 points, or 0.4%, to 1,540. It is widely expected that the Federal Reserve will take another whack at interest rates at its meeting Wednesday, slicing another 25 or 50 basis points off the federal funds rate and the discount rate.

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