Posted by paperplane > 2019-12-11 22:46 | Report Abuse

Buy bimb to get free takaful share. 1 for every 4 shares. To be decides later, guidance now

Posted by Larrytrader > 2019-12-11 22:53 | Report Abuse

Any link paperplane?

Posted by paperplane > 2019-12-12 11:01 | Report Abuse

The long-awaited restructuring exercise of BIMB HOLDINGS BHD, which includes the transfer
of its listing status to Bank Islam Malaysia Bhd by end-September 2020 and a RM800mil cash
call, has been announced. Bank Islam will be the fourth Malaysian bank since 2016 to assume
the listing status of its parent BIMB, following in the footsteps of peers such as Alliance Bank
Bhd, Affin Bank Bhd and RHB Bank Bhd. Currently, Bank Islam is wholly owned by BIMB – the
country’s eighth-largest banking group by market value. Lembaga Tabung Haji (TH) is the
controlling shareholder of BIMB with a 53.8% stake, followed by other top owners, namely, the
Employees Provident Fund (12.5%), Permodalan Nasional Bhd (5.4%) and Skim Amanah
Saham Bumiputera (21.5%). In its filing with the stock exchange yesterday, BIMB announced
that its proposed corporate restructuring would involve five components, allowing the group to
“unlock significant value for shareholders”. BIMB will place out new shares to raise RM800mil,
which together with RM122.2mil internally-generated cash, will be utilised to fully settle its
outstanding sukuk worth RM922.2mil held by TH. “The proposed sukuk redemption is expected
to result in finance cost savings of RM52.8mil per annum based on the effective profit rate of
6.25% per annum. The placement shares will be placed to investors to be identified at a later
date. For illustrative purposes only, assuming a 5% discount to the five-day volume weighted
average price (VWAP) of BIMB shares up to and including Nov 15 of RM4.30, the illustrative
issue price would be RM4.09 per placement share. “Based on the intended gross proceeds
(RM800mil) and the illustrative issue price, the placement shares to be issued pursuant to the
proposed placement are 195,599,022 BIMB shares, representing 11.1% of the issued share
capital of BIMB, ” it said. The second component of the banking group’s restructuring exercise
is the scheme of arrangement (SOA) to settle BIMB’s outstanding warrants, which will be paid
using internally-generated cash. BIMB will pay 26 sen per warrant, based on the five-day VWAP
of the warrants up to and including Dec 10. The SOA is expected to incur about RM110.9mil,
but is subject to change according to the number of outstanding warrants as at the entitlement
date. Upon the completion of the private placement and SOA, BIMB will also undertake an
internal reorganisation to dispose of its 100% stake in its leasing subsidiary, Syarikat Al-Ijarah
Sdn Bhd, and stockbroking subsidiary, BIMB Securities (Holdings) Sdn Bhd to Bank Islam.

Posted by Titan > 2019-12-12 14:41 | Report Abuse

Big sell lot park at 5.90. If can clear and stand firmly at this price, will be good for takaful.

Posted by AlgoQuant > 2019-12-12 15:02 | Report Abuse

The BIMB restructuring is fantastic news to Takaful Malaysia as liquidity and shareholding spread will increase and intrinsic value will finally be unlocked

It shows that even BIMB and its major shareholder Lembaga Tabung Haji think that they (and Takaful Malaysia STMKB) are vastly undervalued

It also shows that they are confident that with the distribution-in-specie of Takaful shares the near-term future for Takaful is strong just look at Mulpha and their decision to distribute Mudajaya via dividend-in-specie and the subsequent improved financial results followed by the spectacular share price rise recently...

Posted by AlgoQuant > 2019-12-12 15:29 | Report Abuse

The logic is very simple. If BIMB / LTH were not confident that value will be unlocked, that they will be better off after this corporate exercise, that they will gain through the share price rise of Syarikat Takaful Keluarga Malaysia Berhad, then they would not go through with such a move in the first place and just remain status quo

Record high and growing dividends and distribution-in-specie is the catalyst that will propel share prices higher. In fact, with recent announcements, it is likely that 4Q19 results in January 2020 will be a blowout quarter

Posted by Mazhar3192 > 2019-12-13 19:40 | Report Abuse

Nextweek higher high..

Posted by Titan > 2019-12-18 09:28 | Report Abuse

got 20c dividend today and that why price corrected. Bought some after ex-div. Next month is the QR .....most probably after CNY. Let's anticipate how the result will be.

Posted by davidkkw79 > 2019-12-20 15:49 | Report Abuse

EPF berpura-pura selling a bit, but buy back at the other side with big chunk... https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3010985

Posted by Titan > 2019-12-23 09:35 | Report Abuse

Yeah....epf is buying back.....that is a good sign. I will keep till 6.50. If no reach....then wait and continue to collect dividend loh. If drop....then buy more loh. If takaful tapow....then i tapow together loh......but what are the chances takaful tapow?.....hmmmm

Posted by davidkkw79 > 2019-12-23 12:41 | Report Abuse

Too cheap to ignore it, Islamic insurance in malaysia still big room to grow, worth to invest consistently in long term

Posted by ahbah > 2019-12-23 12:44 | Report Abuse

collect

Posted by willc48 > 2019-12-28 23:42 | Report Abuse

Takaful insurance is a losing business if not with govt being their main policyholders. Not a choice of business or even to buy an insurance from as non reliable and operational very slow.

Posted by Abba84 > 2019-12-29 13:21 | Report Abuse

Its last qtr showed it is still worth to conseder buying their shares.! Its only insurnce wth islamic bckrground n their growth ar sustainable.

Posted by Titan > 2019-12-29 16:46 | Report Abuse

Their prospect stated they are expecting double digit growth. Was hoping they refer to net profit...lol. anyway, holding some of it n see how it perform end 2020.

Posted by moven00 > 2019-12-29 20:58 | Report Abuse

Cakap banyak tak guna, mai RM7.8-RM8... semua kita jual kat depa.

Posted by Sohai Trader > 2019-12-31 12:41 | Report Abuse

The growth of islamic insurance is definitely better than conventional insurance.

Referring back to STMB, its combined ratio is currently at a comfortable rate of 68%++, there is still room to grow its insurance capacity. Its ROA is at a respectable level of 3% (>1.5% is considered very good for insurance / banking company).

By using a CAGR of EPS for the last 5 years and 10 years for comparison, current share price may potentially provide a CAGR ranging from 12% - 18% over 10 years in the future. Pretty decent for me.

Currently STMB is ranked No.1 in Family takaful and No.2 in general takaful, with the growing muslim population and the increasing awareness of people getting insured, the growth potential is definitely there and who is in a better position to tap into the growth of islamic insurance industry?

For me, it is either Etiqa or STMB as they are the top 2 players in the islamic insurance industry.

Patience is a virtue, indeed a true statement for this stock.

Happy investing and cheers :)

Posted by davidkkw79 > 2020-01-02 12:25 | Report Abuse

Why Alliance every day up up up, but islamic takaful like quiet only ?

Posted by davidkkw79 > 2020-01-02 16:46 | Report Abuse

https://klse.i3investor.com/blogs/kenangaresearch/2020-01-02-story-h1482003941-Daily_Technical_Highlights_ndash_ANNJOO_TAKAFUL.jsp

Posted by davidkkw79 > 2020-01-06 10:56 | Report Abuse

Holland !

Posted by Up_down > 2020-01-06 11:02 | Report Abuse

CIMB’s TP 5.3 to pay nothing to CE holder expiring on 29 Jan 2020.

Posted by davidkkw79 > 2020-01-06 11:08 | Report Abuse

CE is what ?

Posted by Up_down > 2020-01-06 11:11 | Report Abuse

Takaful-CE

Posted by Junichiro > 2020-01-06 11:23 | Report Abuse

signs of further downside.

https://www.tradingview.com/x/bOWMnYx3

Posted by RainT > 2020-01-07 19:04 | Report Abuse

down more buy more

Posted by RainT > 2020-01-07 19:04 | Report Abuse

is it this down is due to the fundamental of TAKAFUL ?

Posted by davidkkw79 > 2020-01-08 10:06 | Report Abuse

Yes

Posted by TULIP > 2020-01-09 08:18 | Report Abuse

https://www.theedgemarkets.com/article/manulife-partners-takaful-ikhlas-tap-syariahcompliant-market

Posted by davidkkw79 > 2020-01-10 11:23 | Report Abuse

Wow moon ?

Posted by Mazhar3192 > 2020-01-10 14:20 | Report Abuse

Above 6.00...come on...

Posted by toriamos > 2020-01-15 18:18 | Report Abuse

https://www.klsescreener.com/v2/news/view/624592

Posted by toriamos > 2020-01-15 18:21 | Report Abuse

When is Takaful going to spike up ?

Posted by zoomsbooms > 2020-01-16 09:09 | Report Abuse

wonder what actually happens to takaful..

Posted by marykhu2850 > 2020-01-16 09:15 | Report Abuse

what's wrong?

Posted by Titan > 2020-01-16 09:17 | Report Abuse

bought more Takaful at 5.26, Not sure what wrong but continue to accumulate.

Posted by Up_down > 2020-01-16 09:20 | Report Abuse

Buy. CImb TP is achieved.

Posted by vegebird > 2020-01-16 09:21 | Report Abuse

Takaful reject bancatakaful extention with RHB which due on this july

Posted by popo92 > 2020-01-16 09:23 | Report Abuse

ok, time to buy big

Posted by schadenfreude > 2020-01-16 09:28 | Report Abuse

happy new year & happy chinese new year, kakakakaka

mati kudasai

Posted by Junichiro > 2020-01-16 09:30 | Report Abuse

update

https://www.tradingview.com/x/3ZA2sgbi

Posted by moolala > 2020-01-16 09:59 | Report Abuse

RHB Bank announced it has notified Syarikat Takaful Malaysia Keluarga (STMB) that it will not be continuing with their bancatakaful service agreement upon the expiry of its 5th anniversary on 31st July 2020.


Says in Hong Leong report that it was RHB who didn't want to extend contract, not the other way around

Posted by Abang1975 > 2020-01-16 10:14 | Report Abuse

Stm signed exclusivity with rhb with expectation the bank to achv certain target. Both parties have 6 months to notify if either one wish to terminate or not renew contract. Seems like rhb did not achv the target, so no reason to continue. Stm ada byk lg partner eg bank rakyat, bimb etc....tak risau lah. Beli...beli..

Posted by Titan > 2020-01-16 10:16 | Report Abuse

Just quickly glance what is bancatakaful is all about. Basically RHB bank is one of the bank that provides a venue to purchase. Actually affin bank also have bankatakaful. If cannot buy from RHB, go buy in affin loh.
Come to think of it, will it benefit affin...lol.....

Posted by Miz Raya Bloom > 2020-01-16 10:55 |

Post removed.Why?

Posted by Abang1975 > 2020-01-16 10:55 | Report Abuse

Exclusivity arrangment is not free. If stm not renew means the other party not giving enough business. Stm sure ada backup lah. If not mistaken, they won Bank rakyat Personal loan takaful coverage... sendiri analyze lah about performance bank rakyat...aeon credit, affin exclusivity etc....

Posted by Tricolourbritishshor > 2020-01-16 10:56 | Report Abuse

this news just come when takafuk call warrant is about to expired . so ngam. another tactics to press down the price ?

Posted by AlgoQuant > 2020-01-16 10:58 | Report Abuse

Syarikat Takaful M’sia Keluarga - RHB Islamic Banca Discontinued
Author: kiasutrader | Publish date: Thu, 16 Jan 2020, 10:09 AM

RHB Islamic will discontinue its bancatakaful service agreement with TAKAFUL after its 5-year term expires on 31 Jul 2020. While we are negative on the news, we anticipate limited impact to long-term prospects as banca contributions are thought to be held by other partners (mainly Bank Rakyat). We maintain our OP call and TP of RM6.85 on TAKAFUL for its sustainable projections and superior books against peers.

RHB Islamic looking elsewhere. Yesterday, RHB Islamic Bank (RHB) announced that it will be discontinuing its Bancatakaful Service Agreement with TAKAFUL after its five-year anniversary on 31 Jul 2020. To recap, the service agreement was entered on 26 Aug 2015 which gave TAKAFUL exclusivity to distribute family and general takaful products with RHB.

We are negative on the news, but not overly concerned. Though the termination was not expected as the service agreement was previously stamped to be 10 years (albeit at a 5-year plus 5-year renewal clause), we do not anticipate material impact from this development as we estimate that TAKAFUL’s total bancassurance channels make up less than 50% of the group’s gross contributions. The heavyweight contributor is thought to be Bank Rakyat (signed in Jul 2018) which is largely attributed to the 26% 9M-YTD growth (other major banca partnerships are with Bank Islam and Affin Bank). Furthermore, the service agreement would still provide seven months of contribution in FY20. We are not expecting similar discontinuation cases to occur in the near future. With regards to potential partners for RHB, possible contenders could be the likes of other Takaful product players such as Etiqa and Zurich.

Still hopeful with a hint of caution. Overall, we are still bullish on TAKAFUL’s long-term sustainability. Putting banca channels aside, the group rides on its strong agency force with digitalised platforms boosting direct sales to customers. Its remaining bancassurance partnerships are still expected to remain productive but may not see similar growth tractions as in the earlier reported quarters. That being said, the continuous agenda by Bank Negara to extend the country’s Islamic finance proportion to 40% by 2020 should be favourable to the Takaful industry. Additionally, management’s own efforts are in place to build a leaner and more sustainable operating environment in the long term, as reflected by its recent performance ratios.

Post-update, we leave our FY19E/FY20E numbers unchanged for now, anticipating minimal downside impact towards near-term performance.

Maintain OUTPERFORM and TP of RM6.85. Our target price is based on an unchanged 4.0x FY20E PBV (close to the stock’s +1SD over 3- year mean). TAKAFUL operates in a well-diversified portfolio which we believe shelters them from regulatory risks, warranting premium valuations against its peers (2-3x average). As such, we believe any downward price movements could present a buying opportunity for the stock. Subsequently, the reorganisation of Bank Islam and distribution of TAKAFUL shares could unlock an overhang and introduce fresh liquidity to the stock. The group also commands a superior ROE of c.30% (vs. industry average of 20%) while continuing to be a leader in the takaful insurance space.

Source: Kenanga Research - 16 Jan 2020

Posted by Titan > 2020-01-16 11:30 | Report Abuse

@Tricolor, thanks for highlighting the call warrant. Really so coincidence?......now the ce is practically 0 value. strike price is at RM5.30......this warrant hangus....

Posted by MingGoon > 2020-01-16 11:47 | Report Abuse

RHB Islamic will discontinue its bancatakaful service agreement with TAKAFUL after its 5-year term expires on 31 Jul 2020.

That's why Takaful today drop from 5.7 to 5.2
Takaful also going to be released Jan 24 result seem worry too.

That's why today big drop
Stay safe, and wait for price to stabalise.

Should be more drop later, when people realise

Posted by Kadir > 2020-01-16 12:12 | Report Abuse

Not to worry..short term shock. I believe a new partner will b on board when RHB discontinue