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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.

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