seems it is! hmm.. wat is the latest of m&a rumours, I wonder too
justanovice, I having a super friendly discussion with ur loved one! share market got up & down, so our discussion got fight & cheers, chill it man!!

Bro sulifeisgreat... Im chilling here..
Juz wanting everyone to chill too ^^
Gotta catch some nice sleep nite all!

BIMB already joining the Kucing Kurap club. Freefall every day. Where is EPF? Tabung Haji? Where is the rest of mega buyers?

None. In fact, they sleep tight.
It has been over 9 months without any of them buying. So pretty much retailers are trading this stock.

Foreign ownership is just 1.24% of total BIMB shares.

cheers bro zaman,

the time will come, we are at Bolehland. but the question is when?

Good...
Expect it to hit around 1.20 then.. Coming soon

if really hit 1.20 the bro bonescythe will prepare a troley to sapu..

if really 1.20 i will buy too hahaha

if really 1.2....guess no ppl dare to buy

why not?

Current situation, easy to drop, hard to climb.
Expecting it to go 1.20 to 1.25 range if market continue to worsen down..

I can see CEO / director / shareholder is not supporting the price yet until it hits 1.20 - 1.23 level. That is why share prices plunging down and down.. In fact, the major shareholder let this happen..

My advice, do not enter until now until big lots are coming in. For averaging down, average properly according to your fund.. If you had limited fund, be sure you know what you are doing.

Share price will not be seeing any recovering at the time being.. Maybe side trading at 1.2x level first..

This post has been edited by Bonescythe: Mar 16 2011, 12:04 PM

Step aside CIMB as now BIMB has been appointed as the managing underwriter and BIMB Securities as underwriter. ......now read on...



Sabah-based Focus Lumber Bhd, which aims to be listed on the main market of Bursa Malaysia Securities by the end of next month, expects to raise RM7.32 million from the exercise. The company is a plywood, veneer and laminated veneer lumber (LVL) manufacturer. Through the Initial Public Offering (IPO) exercise, Focus Lumber will be making available 6.9 million new shares at 60 sen per share, with 6.0 million offered for public subscription and the remaining 900,000 for application by eligible employees and those who have contributed to the success of the Focus Lumber Group. Another 5.3 million new shares will be made available via private placement to selected Bumiputera investors, its Managing Director Lin Fong Ming said during the underwriting agreement signing ceremony here, today. The underwriting agreement is in conjunction with the company's listing on Bursa Malaysia. Bank Islam Malaysia Bhd has been appointed as the managing underwriter and BIMB Securities as underwriter. Bank Islam is also the principal adviser and placement agent for the listing exercise. Lin represented Focus Lumber at the inking of the agreement and Managing Director Datuk Seri Zukri Samat for Bank Islam. BIMB Securities was represented by its chief executive officer, Rashid Ismail. "The expected total proceeds of RM7.32 million from our IPO has been mainly earmarked for general working capital," said Lin. The founders of Focus Lumber - which includes Lin - are from Taiwan, and started business in Sabah where they set up a plywood manufacturing mill in Keningau district in 1990. - Bernama

A new IPO, Plywood business.. Wish to try my luck again

now...how to apply that?

Although I don't doubt the potential of BIMB, but asking CIMB to move aside for BIMB is just joking! This is just a RM7.32 million IPO... it's peanut for CIMB!! I doubt Focus Lumber can even consider to engage CIMB due to the high cost involved. Get the fact right, not just giving skewed opinion... just my two cents worth...

Brother alvintcn, peace be with you, why take it too seriously, We all know all this while that CIMB is the taikoh of all new IPO issue & I just jokingly said that CIMB just move aside. Yes, indeed CIMB had been all the time been the underwriter of so many new IPOs running to hundred millions if not billions.....yes, it's common knowledge. I don't give skewed opinion, you are just putting words into my mouth. I do hope that you know the true meaning of "skew".......let it plainly & clearly explain to you....





Please brother alvintcn, I come in peace and not to seek a quarrel with you....you seem so serious that you said I give "skewed opinion" .Brother alvintcn, I just don't simply twist facts....please for goodness sake don't just pick a quarrel with me as we all are here to gain from whatever we invest in BIMB. May I ask you what do I get or benefit when I give "skewed opinion" ? I had all this while been trying to get whatever new information I can gather through various sources & just trying to put some confidence into those who invest in BIMB. .........PLEASE ALWAYS remember BIMB is for MID & LONG TERM INVESTMENT & not for all "hit & run kakis" who just want to make immediate profits from their new investment. I don't have to waste my precious time writing new things on BIMB for the benefit of all investors of BIMB.
I too can simply stay put & sell now even [immediately] without making a loss & a gain of an easy 5 figures $$$ , yes, very handsome profit......remember I bought plenty of my BIMB shares at a low ,low price of around $1.20 +/- last year when there are few takers as no one see the potential of Islamic Banks. I don't even have to write anything but just lay low & not write anything at all & just relax & get good returns on my BIMB investment. Many of you are just interested in making quick gains & some even want to see almost immediate or instant gains or profit......if that's the case then those penny stocks are for you & even you can take a greater risk by buying PN17 shares too.



Yes, BIMB is for mid or long term investment as just like your investment in REITS. We don't expect to get immediate gains or profits from investment in REITS, do we? The same goes for BIMB......yes, please allow or let this beautiful plant to grow to bear fruits.



Brother alvintcn, you take good care too....peace be with you......much love & good luck to you BIMB investment.

This post has been edited by monkeyking: Mar 19 2011, 03:41 AM

More good new for BIMB shareholders here.




Sixth fund launched, two more in the pipeline
By Rupa Damodaran
rupinder@nstp.com.my
2011/03/19

BIMB Investment Management Bhd, which launched its sixth unit trust fund yesterday, plans to roll out two more equity funds by year-end.

Its chief executive officer Junaida Abdul Jalal said this will help increase the total amount of funds under its management from the current RM383 million to half a billion ringgit by December.

"The two funds are in the pipeline. We are targeting one in the third quarter and the other by the end of the year. We are also awaiting the approval for the fund size, which we estimate at RM200 million each", she said at a media briefing after the i Dividend product launch.

A unit of Bank Islam, BIMB Investment Management, launched the RM250 million BIMB i Dividend Fund in Kuala Lumpur yesterday.

The i Dividend Fund is an open-ended fund that will invest in syariah-compliant equities listed on Bursa Malaysia, ranging from 70 per cent to 98 per cent of its net asset value (NAV) and a minimum of 2 per cent to 30 per cent of the fund's NAV in cash and cash equivalent.

BIMB Investment is also the management company and fund manager for BIMB i Growth, ASBI Dana Al-Munsif, ASBI Dana Al-Falah, bond fund ASBI Dana Al-Fakhim and BIMB Invest Money Market Fund.

Over the past five years, Junaida said, the annual average rate of return for the i Growth was 12.5 per cent, Al-Munsif (8.41 per cent), Al-Falah (16.1 per cent) and Al-Fakhim (3.1 per cent).

For the i Dividend Fund, the equities which BIMB Investment is looking at are mostly consumer-related sectors such as utilities, consumer products, construction and telecommunication.

Chairman Datuk Seri Zukri Samat said, historically, this asset class is resilient and less volatile compared to the broader equity market.

"It is suitable for investors who are looking for capital preservation, with moderate risk-reward profile and medium-to-long term investment horizon."

The newly-launched fund has an approved size of one billion units with the initial offer price set at 25 sen per unit, starting yesterday for 21 days with the minimum investment set at RM500 for a recommended three to five years.

It will be available for sale at all the bank's 113 branches nationwide as well as its unit trust consultants.

In conjunction with the launch of the new fund, BIMB Invest will donate 0.30 per cent out of the 5 per cent sales charge received from the sale of the fund to selected charitable organisations.



More unit trust fund means more profit for BIMB......yes, think of the 5% management fees.



Cheers my friends, just hang on to your BIMB shares & please, please don't sell in panic [when others do] whenever there's any slight bad world news.

MORE GOOD NEWS FOR ALL BIMB SHAREHOLDERS.




KUALA LUMPUR, March 18 (Bernama)-- BIMB Investment Management Bhd (BIMB

Invest), a wholly owned subsidiary of Bank Islam Malaysia Bhd,has target to

achieve at least RM500 million in total funds under management for this year.

"Currently, we have RM383 million in total funds under management, from our

five fund products," BIMB Invest Chairman, Datuk Seri Zukri Samat told the

media after the launch of the BIMB i Dividen Fund here today.

"Through the BIMB i Dividen Fund and two other new equity funds

to be introduced this year, we expect to have at least RM500 million in total

funds under management for this year," he said.

The RM250 million BIMB i Dividend Fund is aimed at providing investors with

a steady recurring income and capital growth in the medium to long term.

The BIMB i Dividend Fund is an open-ended fund to be invested in

Shariah-compliant equities, listed on Bursa Malaysia, ranging from 70-98 per

cent of its net asset value (NAV) and a minimum of 2-30 per cent of the fund''s

NAV in cash and cash equivalent.

"The expected return for this product is around six per cent, but not

guaranteed as stated in the prospectus as this is a normal equity fund. But, it

is a guideline for managers to achieve the return," Zukri said.

"On average, we expect three per cent to come from the dividend yield of

the securities invested in and another three per cent from capital

acquisition but have definitely target more," he added.

Meanwhile, BIMB Invest Chief Executive Officer Junaida Abdul Jalal said the

two new funds, the index fund and flexible fund, would be launched in the third

and fourth quarters of this year.

"The size of the fund will be around RM200 million for each," she

added.-- BERNAMA



$500 MILLION FUNDS MEANS $25 MILLION PROFIT FOR BIMB FOR A START.






This post has been edited by monkeyking: Mar 19 2011, 04:10 AM

25m profit???

Islamic cannot profit not halal

Dam slow this share..
Although is pretty cheap..But Affin seems like perform better...