| 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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