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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Maybank Research downgrades BIMB to sell

Posted on 26 June 2012

Maybank Kim Eng Investment Research said much as it continues to view Bank Islam’s and Syarikat Takaful’s (RM6.12, Not Rated) prospects positively, the recent run-up in BIMB’s share price is cause to pause and take stock.
It said on Monday its sum-of-parts derived target price of RM3 for BIMB prices Bank Islam at a price-to-book value (PB/V) of 1.6 times (2012 returns on equity: 12.7%) and Syarikat Takaful at its current P/BV of 2.0 times, valuations which we believe are fair at this stage………………………………………..Full Article: Source

 
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