The Malaysian government will hold talks with other key rubber producers Indonesia and Thailand to ensure prices of the commodity don’t fall too rapidly, Deputy Plantation Industries & Commodities Minister Hamzah Zainuddin told reporters in Kuala Lumpur today.

“We want to see prices of rubber stable at one range,” Hamzah said. “Prices of rubber should be around RM12 to RM15 per kilogram and it’s enough for everyone to make money.” -- Bloomberg

Condom is getting more expensive huh？

gloves too.

New thread :-

http://forum.lowyat.net/index.php?showtopic=1778214

Don't worry. If you cannot afford, I can borrow u mine..(But not condom)
Hahaha..

Joking joking..

Hahaha... no thanks. I am gonna get some land for rubber trees instead.

Any 1 with e&o....holding 3000unit at average rm1.26.....
Hold or sell?

---

Added on March 4, 2011, 7:12 pmAny 1 with e&o....holding 3000unit at average rm1.26.....
Hold or sell?



This post has been edited by streetglow: Mar 4 2011, 07:12 PM

Hold......TP 1.63


I am still holding at ABP of1.20 cents....me got tens of thousands of E&O still.



Wait for E&O to announce it's $12 billion project expected to be approved by the authorities by mid 2011....then you decide.



Cheers,

This post has been edited by monkeyking: Mar 4 2011, 07:19 PM

Cool bro..hope that time we 888 fat fat.fat..

Something for all to read this week-end & then come Monday, time to invest or goreng which ever way you preferred.


For my friend brother mofadz who requested research papers BIMB/E&O/KimLun/Huayang, I manage to have all except BIMB but if I find any on BIMB, I will post it here too.



BIMB’s 4Q net profit falls 35% to RM22.6m


OLD NEWS BELOW ON BIMB:

BIMB’s 4Q net profit falls 35% to RM22.6m

Tags: 4Q net profit | BIMB
Written by Koo Jie Ni
Wednesday, 01 September 2010 11:20
Bookmark and Share

KUALA LUMPUR: BIMB Holdings Bhd’s net profit fell 35% to RM22.55 million in its fourth quarter ended June 30, 2010 from RM34.82 million a year earlier, largely due to higher personnel and other overhead expenses.

Revenue fell 0.6% to RM415.2 million from RM417.87 million while basic earnings per share fell to 2.11 sen from 3.89 sen. It declared a gross interim dividend of 1.5% or 1.5 sen per share to be paid on Oct 1, with the entitlement date on Sept 17.

Income derived from investment of depositors’ funds rose 10% to RM301.88 million from RM274.18 million a year earlier, aided by an 18% increase in financing, advances and other income sources from other deposits.

Quarter-on-quarter (q-o-q), the group posted a lower quarterly profit before zakat and taxation (PBZT) of RM75.65 million versus RM100.33 million in the immediate preceding three months as both Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd (STMB) recorded higher quarterly operating overheads, including Qardh Hassan written off in Asean Retakaful International (L) Ltd (ARIL) by STMB.

Revenue rose 5.2% q-o-q from RM394.8 million in 3QFY10 as Bank Islam’s net financing assets rose 5.3% to RM11.3 billion as at June 30, 2010 from RM10.7 billion as at March 31, 2010, but STMB’s revenue fell 17.2%, mainly due to lower contribution and higher claims from general Takaful business.

Bank Islam group’s revenue grew 7.4% q-o-q to RM328 million, but profit before zakat and taxation fell RM2.4 million to RM76.5 million due to higher operating expenses.

STMB’s PBZT fell to RM400,000 from RM20.9 million in the preceding quarter, due to lower contribution and higher claims from the general Takaful business, and the write-off in ARIL. BIMB group has changed its year-end from June 30 to Dec 31.

For the 12-month period to June 30, 2010, net profit rose 20% to RM135.88 million from RM113.66 million in the previous corresponding period, while revenue grew 8.7% to RM1.62 billion from RM1.49 billion.

Earnings per share rose to 12.74 sen from 12.69 sen, while net assets per share rose to RM1.31 as at June 30, 2010 from RM1.19 a year earlier.

PBZT rose 26% to RM377.6 million from RM299.1 million a year earlier, aided by higher return on assets in both the bank (from 0.9% to 1.1%) and the takaful arm (from 1.2% to 1.5%).

Bank Islam’s PBZT rose 34.2% or RM79.9 million to RM313 million from a year earlier, with a return on equity of 16.2% versus the Islamic banking system average of 13.9% for 2009.

The bank’s deposits rose 5.9% to RM26.7 billion as at June 2010 from RM25.2 billion a year earlier, mainly due to growth from lower cost current and savings deposits.

The bank’s risk-weighted capital ratio (RWCR) strengthened from 13.6% in FY09 to 16.7% in FY10, following the issuance of irredeemable convertible redeemable non-cumulative preference shares (ICRNCPS).

BIMB closed on Monday unchanged at RM1.26, while the FBM KLCI rose by 11.44 points.


--------------------------------

MORE OLD NEWS ON BIMB:

Standards and Poor's Equity Research Services (S&P) has raised BIMB Holdings Bhd's call to "buy" from "hold" and the 12-month target price to RM1.50 from RM1.40 on valuation grounds.

In a statement today, S&P said the target price included the group's 68 per cent share of the market value of Syarikat Takaful Malaysia Bhd and a forecast of financial year 2010 dividend.

It said the price-to-book (P/B) multiple remained at 33 per cent discount to the average 2011 P/B valuation for the banking sector.

"This is justified given BIMB's smaller market capitalisation, weaker relative asset quality, less dynamic growth track record, holding company discount and low free float," it said.

S&P said its analysis and forecasts carried a high degree of uncertainty than normal as it had been unable to meet with BIMB's management to obtain additional information since initiating coverage on the stock.

"The risk to our recommendation and target price include higher-than-expected provisioning, resulting from asset quality deterioration due to a weakening of the domestic economy," it said. -- Bernama


----------------------------



WILSON & York Global Advisors Sdn Bhd said value investors will be attracted by the combination of solid earnings growth and profitability of property developer Hua Yang Bhd (5062). This is because the firm's earnings multiple was well below its peers'.

Wilson said looking ahead, average return of equity (ROE) is heading to levels of 10 per cent to 13 per cent, nearly double the average seen over the 2006 to 2009 period, while price-book value (P-BV) remains at or below 0.6 times.

The research house said compared to Hua Yang's peers in sales and market capitalisation, the company offers higher ROE at lower multiples.

It cited SP Setia Bhd, one of the sector heavyweights: "While growth expectations at SP Setia remain solid, investors must pay quite a premium as it currently trades on 2.9 times P-BV (price before valuation) and six times price earnings.
Hua Yang's year-to-date third quarter financial year 2010 revenue grew over 60 per cent year-on-year, while net profits grew more than 100 per cent over the same period.

Read more: <b>Hua Yang:</b> Buy, target price RM1.60 http://www.btimes.com.my/articles/fbhua-2/.../#ixzz1FdMU9t8i


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Cheers to all.

This post has been edited by monkeyking: Mar 4 2011, 08:39 PM


Attached thumbnail(s)


Attached File(s)
 4Q10_results_round_up_20110303_below_expectations_new_.pdf ( 351.87k ) Number of downloads: 18
 Construction_20110304_All_systems_go_for_MRT_tenders2.pdf ( 338.08k ) Number of downloads: 25
 Power_sector___20110304___Tariff_review_hogs_the_spotlight.pdf ( 515.38k ) Number of downloads: 13
 Tan_Chong_20110304_No_real_need_for_shock_absorbers.pdf ( 235.58k ) Number of downloads: 11
 BLand_20110303_Initiation.pdf ( 589.35k ) Number of downloads: 10
 20110304_Daily_News.pdf ( 273.58k ) Number of downloads: 15
 Eastern___Oriental_20110112_Update.pdf ( 123.78k ) Number of downloads: 32

Wednesday March 2, 2011
Bank Islam appoints Zamani new chairman

PETALING JAYA: Bank Islam Malaysia Bhd has appointed former Bank Negara deputy governor Datuk Zamani Abdul Ghani chairman of the bank effective yesterday.

Zamani takes over from Datuk Mohd Bakke Salleh who resigned as chairman of the bank on July 15, last year.

Zamani started his career at the economics department of Bank Negara in 1971.

He rose through the ranks to the position of, among others, deputy director in the treasury operations department, director of the bank regulation department, director of the insurance regulation and inspection department and later as Bank Negara deputy governor.

He was special adviser in Bank Negara prior to his appointment at Bank Islam.

Bank Islam recently reported a record profit before zakat and tax of RM503.4mil for the 18-month ended Dec 31, 2010.

This translated into a 44% jump on an annualized basis over RM233.1mil as at end-June 2009.

Bank Islam reported its financial performance for the 18-month period following the change in its financial year-end to December to syncronise with Lembaga Tabung Haji, its parent company.

Managing director Datuk Seri Zukri Samat attributed the achievement of surpassing the half-a-billion-ringgit mark for the first time to strong financing growth that was matched by an impressive improvement in asset quality; growing contribution from non-fund based income and decline in cost-to-income ratio.

There was also continued increase in deposits through current and savings accounts.

He added that for the financial period ended Dec 31, 2010, the bank had proposed a dividend of 4.75% amounting to RM80.7mil.

As promised to brother mofadz, here's the latest research report on BIMB.



Update Report
23 February 2011



To all members, do read this report & you decide whether you decide to buy BIMB or not?






Attached File(s)
 Update_Report___110223___BIMB.pdf ( 313.82k ) Number of downloads: 36

Lol... I would rather go for oil palm lands...