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BIMB earnings 30.5% up

PETALING JAYA: BIMB Holdings Bhd ’s earnings jumped 30.5% to RM183.43mil in the third quarter ended Sept 30, 2017 on the back a 4.4% hike in revenue to RM912.74mil. (5-0)

Breakfast briefing: Wednesday, August 16

MarketWatch: US stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat US retail sales data. The DJIA was up 5.28 points, or 0.02%, to 21,998.99, the S&P 500 lost 1.23 points, or 0.05%, to 2,464.61 and the Nasdaq dropped 7.22 points, or 0.11%, to 6,333.01. - Reuters

BIMB 'buy', YTL 'hold', Johor Tin 'outperform'

UOB KAY HIAN Research has kept its “buy” call on BIMB Holdings Bhd with a target price of RM5.05.

Khairul Kamarudin named Bank Islam CEO

2017-06-13 themalaymailonline
KUALA LUMPUR, June 13 — BIMB Holdings Bhd has named Khairul Kamarudin as Chief Executive Officer of Bank Islam Malaysia Bhd for three years, effective June 14.

Which banks are next?

WITH the ongoing merger talks between RHB Bank Bhd and AMMB Holdings Bhd, coupled with Bank Negara’s push for the institutionalisation of banks, the question of which banks will be the next merger and acquisitions (M&A) candidates has resurfaced.

BIMB considers restructure

chief executive officer Datuk Seri Zukri Samat (pic) said: "“We are currently working on the details of BIMB’s restructuring. We are now in the midst of reviewing the structure and will decide on the best way to go forward.".

BIMB Holdings expects earnings in current financial year to reach record high

“Our main operating subsidiaries, Bank Islam and Takaful Malaysia, kept up the earnings momentum in the first quarter of 2017 to deliver stronger earnings for the group,” group chief executive officer Datuk Seri Zukri Samat(pic) said in a statement

BIMB mulls sale of stake in Syarikat Takaful

KUALA LUMPUR: BIMB Holdings Bhd, the parent of Malaysia’s oldest Islamic bank, is considering a sale of a stake in its listed insurance unit amid a strategic review of its businesses, according to people with knowledge of the matter.

Abdul Wahid: More listed Islamic financial institutions needed on Bursa

2017-05-02 themalaymailonline
Abdul Wahid said the shortage of listed Islamic finance institutions could poses big challenges to the Islamic fund and wealth management industry. ― Picture by Yusof Mat IsaKUALA LUMPUR, May 2 ― The listing of more Islamic financial institutions on Bursa Malaysia is needed to boost the Islamic fund and wealth management industry going forward.

Banking stocks slip on profit-taking amid sector's expected improvement in 2017

2017-03-09 theedgemarkets
KUALA LUMPUR (March 9): Banking stocks on Bursa Malaysia slipped on profit-taking this morning, as analysts issued positive notes on the sector’s improved performance in the last financial quarter for the year ended December 2016 (4QFY16).

BIMB 4Q net profit falls on lower Islamic insurance income

2017-02-27 theedgemarkets
KUALA LUMPUR (Feb 27): BIMB Holdings Bhd's net profit fell 14% to RM139.47 million in the fourth quarter ended Dec 31, 2016 from RM161.86 million a year earlier on lower Islamic insurance income and higher taxes.

Islamic banking expected to outpace conventional loan growth, says AllianceDBS Research

2017-02-20 theedgemarkets
KUALA LUMPUR (Feb 20): Domestic Islamic financing growth is expected to continue outpacing conventional loan growth, driven by regulatory push for internationalisation of Islamic finance, according to AllianceDBS Research.

KLCI edges up in line with regional gains

2017-02-15 theedgemarkets
KUALA LUMPUR (Feb 15): The FBM KLCI edged up in early trade in line with the gains at most regional markets, albeit marginally.

KLCI edges up as banks and blue chips lift

2017-02-03 theedgemarkets
KUALA LUMPUR (Feb 3): The FBM KLCI edged up in early trade against the backdrop of a tentative start at most regional markets, lifted by index-linked banking and blue chip stocks.