After having a long break for hari raya now im back to write into my blog. Firstly happy hari raya to all my followers and friends. Till now i still in hari raya mode and really lazy to go work. Holiday is good to release and we can meet our relatives and friends while celebrating hari raya. next 2 month we ll celebrate another hari raya but i believe the1st is more exciting.
Back to our market, recently KLCI at overbought territory and my portfolio still in good position. Im waiting to dispose half of it later..
BIMB & WASEONG : These are my lovely babe just close for their dividend and im waiting for the cheque.
TA: these 2 stocks at oversold territory and i HOLD it and dispose at 30% profit
UNISEM : Tech stock doing bad at this moment, i just catched 500 unit of it and ll average down while it touch new low
TALAM : This is my biggest mistake, bsed by TA its still in oversold territory and take a postition to HOLD
A FEW STOCK TO WATCH AND I BELIEVE IT LL UP THIS COMING WEEK:
PROTON - LAUNCHING NEW WAJA REPLACEMENT MODEL
KFC - UPTREND AND BARGAIN HUNTING
KNM - FOREIGN BUYING
SALAMX
BOYOUR
Saturday, September 18, 2010
Thursday, September 2, 2010
BIMB 4Q net profit falls 35% ( But still in profit)
This is 1 of my hottest babe ...BIMB...
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.
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.
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