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Maybank IB downgrades BIMB to 'sell' (5258)
by hlk Mon 25 Jun 2012, 10:01
Maybank IB Research has downgraded BIMB Holdings Bhd to "sell" from
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful
Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up
in BIMB’s share price is cause to pause and take stock,” the research
house said in a note on Monday.
BIMB’s shares have climbed 58 percent year-to-date, while Syarikat Takaful jumped 233 percent.
Maybank IB maintained BIMB’s target price at RM3.00 per share. --- Reuters
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful
Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up
in BIMB’s share price is cause to pause and take stock,” the research
house said in a note on Monday.
BIMB’s shares have climbed 58 percent year-to-date, while Syarikat Takaful jumped 233 percent.
Maybank IB maintained BIMB’s target price at RM3.00 per share. --- Reuters
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