Brother stranger83, my friendly advice to you is keep it & don't cut loss....BIMB will make it as now people are profit taking....you will reap the gains later.



Cheers brother stranger83, you take care too....much love.

Very true indeed, Malaysia is to be the Islamic Banking hub of Asean if not Asia.



Cheers brother.

Well said brother SKY....fully support this statement.


So think over, my friends.....this....keep it longer for future gains......you will be so glad you did later on.



Cheers to all.

Expect BIMB to go up & up from now..........from tomorrow onwards....now last minute trading is 1.46 from 1.40 Bank Negara has just announced that Malaysia is going to form a Mega Islamic Bank.

BNM mulling Islamic mega bank bids


Published: 2010/12/29


Malaysia’s central bank said today it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to create a well-capitalised sharia lender.

Bank Negara Malaysia (BNM) is offering up to two new Islamic banking licences to foreign firms to set up banks with at least US$1 billion of paid-up capital, a move that the industry hopes will spur more lending and create bigger Islamic banks that can compete with global lenders.

Malaysian central bank chief Tan Sri Zeti Akhtar Aziz had said the authority hoped to announce in 2010 at least one licence for a big Islamic bank.

“Bank Negara Malaysia is still assessing the applications for mega Islamic bank licences,” it said in a statement in response to a Reuters query.

“The announcement of the licences will be made on completion of the assessment.”

Bankers say the bid to create a well-capitalised Islamic bank, which dates back to at least 2006, has been fraught with difficulties such as a struggle to raise sufficient capital and disagreement as to where the lender should be located.

One of the project’s main backers is Saudi Arabia’s Sheikh Saleh Kamel, founder and chairman of Bahrain-based Islamic bank Al Baraka.

Malaysia’s central bank has not disclosed the applicants for the licences but there has been market speculation that the Islamic Development Bank and Al Baraka could be keen.

Islamic finance has become a popular source of alternative funding after the credit crisis but most sharia banks lack sufficient capital to compete with Western lenders on mandates to syndicate financing, arrange bonds and supply project finance. - Reuters





Read more: BNM mulling Islamic mega bank bids

http://www.btimes.com.my/articles/20101229161503/Article/




Wonder this will increase the value of Bank Islam Malaysia Berhad [BIMB]......or maybe the potential of BIMB being taken over by some other bigger banks to compete against foreign Mega Islamic Bank in Malaysia.

This post has been edited by monkeyking: Dec 29 2010, 05:40 PM

Good news it is but then will it arrive at this magical figure?



Cheers brother....much love.

Something must be very wrong today.

Yes, brother elan, I think you should wait as BIMB is really under valued......so patience is the mother of all virtues & you will reap more rewards if you wait until your target price of 2.00 & possiblly more.



Cheers brother elan, HAPPY NEW YEAR 2011 to you too.

Maybe this is only the dessert, the main course will be due soon which I fully hope for. Hang on my friends, more to come perhaps as buying is strong . Pleased remember there are only 8% of BIMB shares in public hands, the rest are all with Tabong Haji & all Islamic bodies or organisations.


Let us the holders hope for the best to come & make this 2011 a wonderful year for all of us.



Cheers to all....much love.

NOW 1.63 ....STRONG RESISTANCE AT 1.64

Worry not brother noswear, just profit taking that's all......soon all those who sell early will regret it as there should be more upswing......always remember this......MALAYSIA is set to become the Islanic Banking centger of South East Asia if not Asia. And BIMB is the biggest Islamic Bank in Malaysia at the moment.



Cheers brother noswear....good luck to you tomorrow.

I still hold my BIMB shares without selling any shares.....lots of them. Bought it real cheap when it's around 1.20+ when no one is interested in Islamic Bank.......well, it does have potential as Malaysia wants to be the Islamic Banking Center of Asia if not South East Asia. And there's rumors of some merger or takeover too. How true is this rumor, I just don't know but I do see the potential of Islamic Banking in Malaysia. Always remember that this BIMB had only about 8% of it's shares with the general public....the rest are all hold by Tabung Haji & other Islamic bodies.



Cheers brother...take care too & good luck to you too.

Something on BIMB.


Bank Islam emerged as Malaysia’s maiden Shari’ah-based financial institution since its establishment in July 1983. Bank Islam has become the symbol of Islamic banking in Malaysia since then and its vision to be “The Global Leader in Islamic Banking” illustrates its status as the flag bearer of the country’s Islamic financial services industry (“the industry”).

From only RM80 million initially, Bank Islam’s paid-up capital swelled to RM1.73 billion as at June 2009, which was instrumental in making possible the growth of its assets and the implementation of its expansion programmes.



Through a vast growing network of 112 branches and more than 800 self-service terminals nationwide, Bank Islam parades a comprehensive list of more than 50 innovative and sophisticated Islamic banking products and services, comparable to those offered by its conventional counterparts.



From the traditional financing, savings and investment types of products exclusively for individual customers in the early years of establishment, the range of Bank Islam’s Shari’ah-based financial products, services and business solutions has significantly expanded to cater to the fast-changing financial needs of customers from all categories including those related to micro financing, wealth management, capital market, treasury and structured products.



Being the pioneer in the industry, Bank Islam has played a leading role in promoting the expansion of Malaysia’s brand of Islamic finance into other markets, especially in the region. This has helped develop Bank Islam into a well-established and universally recognised brand. As the number of local and global financial services continues to increase, Bank Islam remains keenly aware of the pioneering role it must continue to play.



In recognition of its pioneering role, Bank Islam was awarded the Reader’s Digest Platinum Award for being the Most Trusted Brand for Islamic Financial Services for two consecutive years. With the entrusted belief, Bank Islam is on its way in becoming “The Global Leader in Islamic Banking” and continues to remain guided by the excellent pioneering work by its predecessors, Malaysia’s ambition to be the international Islamic financial hub, the success of its turnaround efforts and the challenge from its competitors.





Attached File(s)
 Shareholding_Structure_2010.PDF ( 838.54k ) Number of downloads: 30

MORE ON BIMB.



CALENDAR 2010


* Launched its 100th branch in Bukit Damansara
* Launched Waheed-i, the first of its kind in Malaysia for corporate customers. It is a Malaysian Ringgit fixed term deposit product based on the Shariah contract of Wakalah (Agency). It is the first Shariah-based deposit product that meets both local and international Shariah standards
* Named the winner of The Brand Laureate Awards 2009-2010 for best brands in Corporate Branding – Best Brands in Banking – Islamic Bank by The Asia Pacific Brands Foundation (APBF)
* Launched the Islamic pawn-broking (Ar-Rahnu) which was officiated by Prime Minister Dato’ Sri Mohd Najib Tun Hj Abdul Razak
* Named winner of the Platinum Award for Islamic Financial Services for two consecutive years in the annual Reader’s Digest Trusted Brands Award 2010
* Entered into a strategic collaboration with Tune Talk, Malaysia’s newest mobile service operator, to increase the subscriber base of Bank Islam Card (BIC)
* Bank Islam and Barclays Capital Markets Malaysia Sdn Bhd signed a Memorandum of Agreement for Collaboration on Customization of Islamic Investment Products and Hedging Solutions
* Bank Islam and Universiti Teknologi MARA (UiTM) unveiled the “Bank Islam – UiTM Alumni Platinum MasterCard Card Sentiasa Di Hatiku” to raise funds for UiTM’s Scholarship Fund called “Tabung Mengubah Destini Anak Bangsa”
* Launched another first, offering consumers Malaysia’s first truly mobile banking service. With Transact at Palm or TAP Mobile Banking-i, account owners can perform banking transactions anywhere and anytime, without internet access.



Have faith in BIMB.

Good support from brother zamans98.......any idea of the rumour of BIMB being taken over by others?


Well, more than 2 to 3 weeks had pass & still no slightest idea of it being taken over or merge with some bigger banks.......hopefully some rich Arabs will do it.


Cheers brother zamans98....much love.

Latest rumour is that it's CIMB & not Maybank will be one taking over BIMB.....don't know how true is this rumour.


Anyone of you got any news or updates?



Cheers to all.

5258 BIMB BIMB HOLDINGS BHD
FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD

FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD ("THE COMPANY")
With reference to the above, we are pleased to announce that as at 31 December
2010, a total of 13,259,467 ordinary shares of RM1.00 each representing 1.24%
of the issued and paid-up capital of the Company are held by foreigners.
The said percentage is within 30% of the prescribed limit allowed to be held
by foreigners under the Company's Articles of Association.


12/01/2011 05:55 PM



Foreigners still buying into BIMB? Now they represent 1.24%, more to come perhaps?

FROM THE COMPARISONS, BIMB & AFFIN BANK IS STILL THE CHEAPEST BANK TO BUY IN MALAYSIA IN COMPARISON WITH IT'S EPS.



SEE COMPARISON BELOW...



Sector comparisons

EPS = EARNINGS PER SHARE

BIMB 1.54 EPS 15.98 CENTS

Affin 3.45 EPS 24.23

AFG 3.25 EPS 13.9 CENTS

AMMB Hldgs 6.94 EPS 23.33 CENTS

EON 6.95 EPS 48.93 CENTS

HONG LEONG 9.40 EPS 17.72

Malayan Banking 8.88 EPS 14.03 CENTS

Public Bank 13.46 EPS 60.03 CENTS

RHB Cap 8.56 EPS 48.3 CENTS



NOW YOU MAKE YOUR SELECTION ON WHICH BANK SHARES TO BUY & HOLD.



CHEERS TO ALL.

BIMB GOT BIG TAKEOVER POTENTIAL.....IN FACT IT'S ONE OF THE CHEAPEST BANKS SHARES TO OWN & MIND YOU AFFIN REVENUE IS VERY HIGH TOO & TOO ARE PROFITS & EPS TOO.

BIMB: It's ONE of the cheapest commercial bank shares to buy & own....lots of potential & it's NTA is $1.3600


BIMB MORE: Revenue $2,074,662 [ that's BILLION} MORE THAN AFFIN BANK........... Profit/Loss After Tax and Minority Interest $323,757 [MILLION[ ALMOST SAME AS AFFIN BANK .....Basic Earnings/Loss Per Shares (sen) 15.98 CENTS...


AFFIN BANK : MORE: Revenue $1,652,451 [ that's BILLION}........... Profit/Loss After Tax and Minority Interest $362,053 [MILLION] .....Basic Earnings/Loss Per Shares (sen) 24.23 CENTS.



NOW COMPARE TO OTHER COMMERCIAL BANKS:


Sector comparisons

EPS = EARNINGS PER SHARE

BIMB 1.54 EPS 15.98 CENTS

Affin 3.45 EPS 24.23

AFG 3.25 EPS 13.9 CENTS

AMMB Hldgs 6.94 EPS 23.33 CENTS

EON 6.95 EPS 48.93 CENTS

HONG LEONG 9.40 EPS 17.72

Malayan Banking 8.88 EPS 14.03 CENTS

Public Bank 13.46 EPS 60.03 CENTS

RHB Cap 8.56 EPS 48.3 CENTS



SO FROM THE COMPARISON OF THE ABOVE COMMERCIAL BANKS SHARES, YOUR TOP PICK SHOULD BE BIMB & AFFIN BANKS ? WHAT SAY YOU, THE CHOICE IS YOURS TO PICK UP BIMB & AFFIN BANKS SHARES NOW & HOLD FOR FURTHER GAIN.

YES, COMPARE TO OTHER COMMERCIAL IN TERMS OF PRICE, NTA & EPS, BIMB & AFFIN IS TOPS......THESE 2 BANKS GOT GREAT POTENTIAL & AFFIN BANK IS VENTURING INTO INDONESIA TOO. I AM SURE YOU CAN SEE THE HUGH POTENTIAL IN INDONESIA.


FRIENDS, I LEAVE IT TO YOU...IT'S YOUR MONEY, SO IT'S YOUR CHOICE. Thumbs Up Thumbs Up


SO SHOULDN'T YOU PICK UP BIMB SHARES & MAKE PLENTY OF CASH OUT OF YOUR HOLDING.



CHEERS TO ALL....HAPPY INVESTING.

Hi brother stranger83, I got qute a number of BIMB & Affin shares....bought both last year with BIMB at $1.20+ & Affine at $3.11+.......still I am not running as I still see more upswing later on, so I am expecting more returns on my investment. Brother stranger83, worry not too much about these 2 banks share prices going down temporary.......profit taking as usual. I bought into these 2 banks as they are the cheapest banks shares to buy & with good potential too.......maybe I bought into these 2 banks as I want to be a "Ah Long"....yes, Banks are LICENSED AH LONG.


As it is, my investment on these 2 counters had bring me returns of 5 figures $$ & I am still waiting for more returns.


One more thing is this......the top management in Affin had said that Affin takes over other banks and NOT THE OTHER WAY AROUND [to be take over by others].......yes, nothing is impossible. Figure this yourself......this........the biggest shareholder of Affin & Boustead is both the Lembaga Tabung Angkatan Tentera (LTAT) & it seems that Boustead still owes BIMB plenty of money.......so could there be something going on between these 2 banks?


One more thing, Malaysia is to become the Islamic Bank Center of South East Asia if not Asia & Bank Negara is issue 2 more Islamic Banking licenses to foreigners, yes foreigners, this year & these foreigners who wants to operate an Islamic Bank in Malaysia must have a mininum paid up capital of USD$1Billion & BIMB had only about US$300 million......then BIMB will be a much smaller Islamic Bank compare to these 2 foreigner Islamic Bank. Can it survive with it's small capital when these 2 bigger foreign Islamic banks are here?......no, I suppose not & will the Government allow it to fall too, I guess not too . So what else but to find a partner sooner than you think.


Now Maybank had it's hands full with Kim Eng, Hong Leong hands full on EON, Public Bank maybe merger with Hong Leong......so left with which bank, CIMB, Affin, RHB? .....or perhaps BIMB had to seek a foreign partner to buy into it. As it is, in the latest BIMB announcement on Wednesday, 12 Jan 2011 that FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD now stands at 1.24% & so still have plenty of room to reach 30% for foreigner ownership.........so, maybe BIMB tied up with a Malaysian Bank or Foreigners?


Yes, all Malaysian Banks had ISLAMIC BANKING but not one had 100% Islamic Banking.


Bank Islam Malaysia Berhad : The First Islamic Bank in Malaysia

Bank Islam started operations in July 1983 as Malaysia’s first financial institution to operate based on Shariah compliant principles. Since then, Bank Islam has become synonymous with Islamic banking in Malaysia. As the flag-bearer for the country’s Islamic financial services industry, its vision is to be “The Global Leader in Islamic Banking”.

With an initial authorized capital of RM500 million and a paid-up of RM80 million, the bank embraced the huge challenge of breaking new ground. Its authorized and paid-up capital was increased to RM2 billion and RM563 million respectively, over time, to accommodate the growth of its assets and the expansion and growth of its operations.

With a network of 90 branches nationwide, the bank parades a comprehensive list of more than 50 innovative and sophisticated Islamic banking products and services, comparable to those offered by its conventional counterparts.

The Shariah-compliant banking products and services also expanded from the traditional savings and investment types to include leasing, stock broking, unit trust management and treasury related products, catering to the personal and commercial needs of Muslims and non-Muslims alike.

Being a pioneer, Bank Islam played a leading role in promoting the expansion of Malaysia’s brand of Islamic financial services to markets in the region. As a result, the Bank Islam has become a well-established and well-received brand.


..........just my 2 cents worth.



Cheers to all.....much love.

This post has been edited by monkeyking: Jan 15 2011, 08:35 PM