Wednesday, June 1, 2011

BIMB and TAKAFUL :Islamic Financing -Growing industry in Malaysia

Bank Islam Malaysia (BIMB) - RM1.81
Takaful Malaysia - RM1.84

price moving today with more than 10% (in less than a week from my last post dated 26-5-2011).

What's up? Cheapest bank and insurance company in Malaysia?

Bank Islam Malaysia- estimated EPS = 20 sen, TP = RM2.40 based on 12X PER.
Takaful Malaysia - estimated EPS = 28 sen, TP = RM2.50 based 1X book value.

GOOD LUCK!

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