Current Price = 2.26
Target = 2.38 / 2.44 / 2.48
Support / Cutloss = 2.20
Latest News
KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) pre-tax profit rose 53.2% to RM656.2mil for the financial year ended Dec 31, 2012 (FY12) from RM428.3mil in FY11.
In an announcement to Bursa Malaysia, the exempt finance company said revenue rose to RM1.83bil from RM1.27bil previously.
Its president/chief executive officer, Datuk Ahmad Zaini Othman, said the strong performance was the result of the culmination of transformation initiatives undertaken over the last four years.
He said the creation of new income streams in 2010 via the expansion of the retail business had been generating significant fee-based income.
This includes the provision of bancatakaful, will writing and new services at our branches nationwide.
As at Dec 31, 2012, net loan, advances and financing stood at RM24.3bil, an increase of 59.8 % compared with RM15.2bil in the same period previously.
During the same period, deposits grew by 59.1% to RM21.5bil from RM13.5bil before.
The declining trend in the group’s non-performing loan ratio continued from 8.5% to 4.5%.
MBSB is also proposing a final dividend of 9% less 25% taxation and a special dividend of 18% less 25% taxation for the just-ended financial year. – Bernama
Technical Information
It will be confident if it can pass 2.34, with resistance of breakout at 2.39 / 2.44 /2.48..
Cutloss point will be 2.20..
RSI & Stoch reached oversold already.. while MACD on recovery..
However, current price 2.26 is below MA200, and we looking forward to break that..
Simple Financial Information
EPS and NTA have improved significantly to 15.11 and 1.2066 respectively with dividend payout 27cent.. This could spark the price to push higher..
IBHD (4251)
Current Price = 1.37
Target = 1.47 / 1.51 / 1.54
NTA = 1.56
Support / Cutloss =1.30
Latest News
PETALING JAYA: I-Berhad has announced a 1,155% jump in group net profit from RM1.34mil in 2011 to RM16.82mil for the financial year ended December 31, 2012, largely boosted by profit recognition of on-going property development projects and its leisure division.Revenue was also 145% higher at RM66.7mil from RM27.2mil last year.
The fourth quarter net profit of RM9.08mil was 212% higher than RM2.91mil a year ago. Quarterly revenue was also 190% higher at RM30.7mil from RM10.6mil.
The net asset per share as at December 31, 2012 was also 10% higher at RM1.56 compared to RM1.42 in 2011.
I-Berhad group executive chairman Tan Sri Lim Kim Hong said in a press statement that last year had marked the take-off point for the group in terms of earnings and the fourth quarter results was reflective of the earnings the group can expect in the coming years.
“The results of the fourth quarter is a precursor to the performance in the next two years as the new projects and leisure attractions come onstream,” he said.
The property developer also announced a single tier interim dividend of 4% for financial year 2012, on top of a share dividend of one treasury share for every 14 ordinary shares distributed on December 28, 2012.
Lim said that the group has enjoyed record results since its venture into property, and that the group was expected to declare healthy dividends this year.
The group is also confident that the performance in the next quarter would be better and would continue its upward trend driven by i-City's property development and leisure business. The leisure business makes up 48% of group revenue in 2012.
Its flagship project i-City is now a RM5bil integrated MSC Malaysia Cybercentre that serves as a key tourism destination as an international business hub by day and lifestyle haven by night, it has residential, commercial and leisure components.
In 2012, I-Berhad achieved RM24.6mil revenue from its i-Residence and i-SOVO developments.
The unbilled sales as well as revenue from the sales & purchases pending execution from these two projects amount to over RM200mil and would be progressively recognized over the next two years.
As for its 2013 plans, the group expects to launch Phases 1 and 2 of the Residential Incubator development project comprising four tower blocks of MSC-status small office home office with retail components ranging between 33 and 43 storeys each.
The Residential Incubator development, with a total gross development value (GDV) of RM1.1bil on 12 acres of land, is to be developed in 3 phases.
Phase 1 with a GDV of RM331mil is to be launched in April 2013, Phase 2 in August 2013 and Phase 3 in 2014.
It is also planning to launch its Grand i-Residence located within Kuala Lumpur City Centre in the third quarter of this year, estimated to have a GDV of RM500mil.
Lim said these new launches will ensure I-Berhad has a continuous and increasing revenue stream from property development over the next 5 years.
Technical Information
Chart pattern seems forming Rising Wedge.
Bearish divergence is on many indicators.. STOCH, MACD, RSI, AD...
Therefore, should be cautious in trading this counter even good news Quater reported.
However, I will not deny the potential of moving higher as long it is not breaking the support line.
Simple Financial Information
EPS is improve significantly to 7.96..
Dividend is given about 4cent.
NTA improved compared to last year same Quater to 1.56..
