Takaful Insurance and Bank Islam Malaysia (BIMB) just posted their latest financial result with encouraging improvement.
I believe the Takaful insurance will continue its momentum at least for another 5 years as the upcoming middle income group of young Malay working population will continue to support this industry growth in Malaysia.
Takaful Insurance (RM1.61) : target price Level 1= RM1.90 , Level 2 = RM2.50
BIMB (RM1.62) : Islamic Banking + Takaful insurance : target price Level 1 =RM1.80, level 2 = RM2.00
Both provide at least potential upside of 12% - 18% for Level 1 target price.
GOOD LUCK!
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